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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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U.S. aide warns Brazil, without evidence, of Huawei 5G 'Big Brother' surveillance

11/11/2020 | 12:06pm EST
U.S Under Secretary of State for Economic Growth, Energy, and the Environment, Keith Krach speaks during a meeting with businessmen, economists and journalists

BRASILIA (Reuters) - A U.S. official said on Wednesday that Chinese surveillance of the world through 5G technology was like Big Brother in George Orwell's novel 1984, as he urged Brazilian companies not to buy equipment from China's Huawei Technologies Co Ltd.

Keith Krach, U.S. under secretary of state for economic growth, energy and the environment, said multinational companies will increasingly stay away from countries that do not have safe civilian networks and risk their data and intellectual property being stolen.

"This story about the Chinese Communist party ... it is a real and urgent threat to democracies like ours around the world," Krach said in a speech on economic security at Brazil's Getulio Vargas Foundation think tank.

"They are trying to export dictator out of the box with their surveillance tools. It is the extension of that Orwellian 1984 Big Brother surveillance," he said, without providing evidence.

Brazil's right-wing government announced its support on Monday for the U.S. proposal for a Clean Network, a global digital alliance that excludes technology that Washington sees as manipulated by China.

Brazil became the 50th nation to sign on to the initiative, which now includes 170 telephone firms and many of the world's leading high-tech companies.

U.S. Secretary of State Mike Pompeo said on Tuesday that "27 of 30 NATO allies, 31 of 37 OECD members, 26 of 27 EU members, and 11 of 12 of the Three Seas nations" have joined.

Krach met in Brasilia with President Jair Bolsonaro's national security advisor, retired army general Augusto Heleno to discuss excluding Huawei from Brazil's 5G market, a decision the Brazilian government is considering before spectrum concessions are auctioned next year to local telcos.

Brazil's top carriers are already testing Huawei equipment for 5G and favor keeping their purchase options open.

Huawei has repeatedly denied being a security risk. It has said it abides by Brazil's laws and is available for tests and clarifications that authorities considered necessary.

(Reporting by Anthony Boadle; Editing by Bernadette Baum)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AMÉRICA MÓVIL, S.A.B. DE C.V. 1.93% 14.29 End-of-day quote.-1.38%
OI S.A. 1.11% 2.74 End-of-day quote.-7.43%
TELECOM ITALIA S.P.A. -0.48% 0.356 Delayed Quote.-5.22%
TELEFÔNICA BRASIL S.A. -2.26% 45.34 End-of-day quote.0.00%
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Financials
Sales 2020 1 019 B 50 697 M 50 697 M
Net income 2020 37 600 M 1 871 M 1 871 M
Net Debt 2020 649 B 32 310 M 32 310 M
P/E ratio 2020 32,1x
Yield 2020 2,49%
Capitalization 955 B 47 323 M 47 534 M
EV / Sales 2020 1,57x
EV / Sales 2021 1,54x
Nbr of Employees 187 383
Free-Float 48,4%
Chart AMÉRICA MÓVIL, S.A.B. DE C.V.
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América Móvil, S.A.B. de C.V. Technical Analysis Chart | MarketScreener
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Technical analysis trends AMÉRICA MÓVIL, S.A.B. DE C.V.
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TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 14
Average target price 17,85 MXN
Last Close Price 14,29 MXN
Spread / Highest target 47,0%
Spread / Average Target 24,9%
Spread / Lowest Target 4,97%
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Managers and Directors
NameTitle
Daniel Hajj Aboumrad Chief Executive Officer & Executive Director
Carlos Slim Domit Chairman
Carlos José García Moreno Elizondo Chief Financial Officer
Luis Alejandro Soberón Kuri Director
David Antonio Ibarra Muñoz Independent Director
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