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MarketScreener Homepage  >  Equities  >  Mexican Stock Exchange  >  América Móvil, S.A.B. de C.V.    AMX L   MXP001691213

AMÉRICA MÓVIL, S.A.B. DE C.V.

(AMX L)
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America Movil SAB de CV : "AMX to acquire Start Wireless Group"

05/20/2013 | 11:11am EST

"América Móvil to acquire Start Wireless Group"

Mexico City, Mexico, May 20, 2013 -- América Móvil, S.A.B. de C.V. ("AMX") (BMV: AMX; NYSE: AMX; NASDAQ: AMOV; LATIBEX: XAMXL), announced that its subsidiary Tracfone Wireless, Inc., has entered into an agreement to acquire substantially all of the assets of Star Wireless Group, Inc., a mobile virtual network operator (MVNO) in the United States, that provides services to approximately 1.4 million customers and offers, among others, prepaid plans for voice, messaging and data.

The completion of the transaction is subject to certain regulatory approvals and conditions customary in this type of transactions and is expected to occur during the second quarter of 2013.

About AMX

AMX is the leading provider of wireless services in Latin America. As of March 31, 2013, it had 262.9 million wireless subscribers and 65.3 million fixed revenue generating units in the Americas.

Legal Disclaimer
This press release contains certain forward-looking statements that reflect the current views and/or expectations of AMX and its management with respect to its performance, business and future events. We use words such as "believe," "anticipate," "plan," "expect," "intend," "target," "estimate," "project," "predict," "forecast," "guideline," "should" and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. AMX is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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© Publicnow 2013
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Financials
Sales 2020 1 019 B 48 880 M 48 880 M
Net income 2020 35 785 M 1 717 M 1 717 M
Net Debt 2020 652 B 31 281 M 31 281 M
P/E ratio 2020 28,8x
Yield 2020 2,53%
Capitalization 894 B 42 633 M 42 872 M
EV / Sales 2020 1,52x
EV / Sales 2021 1,52x
Nbr of Employees 187 383
Free-Float 48,7%
Chart AMÉRICA MÓVIL, S.A.B. DE C.V.
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Technical analysis trends AMÉRICA MÓVIL, S.A.B. DE C.V.
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TrendsBearishNeutralNeutral
Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 17,82 MXN
Last Close Price 13,39 MXN
Spread / Highest target 64,3%
Spread / Average Target 33,1%
Spread / Lowest Target 15,8%
EPS Revisions
Managers and Directors
NameTitle
Daniel Hajj Aboumrad Chief Executive Officer & Executive Director
Carlos José García Moreno Elizondo Chief Financial Officer
Carlos Slim Domit Chairman
David Antonio Ibarra Muñoz Independent Director
Pablo Roberto González Guajardo Independent Director
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