Mexican telecommunications giant America Movil said on Wednesday it expected capital expenditure of around $7 billion this year, following years of significant spending on buying spectrum and refreshing its network infrastructure.
America Movil , the Mexican telecommunications company controlled by billionaire Carlos Slim, on Thursday denied a report it is in talks with Argentine President-elect Javier Milei's team to buy Argentina's state telecoms company Arsat.
A report issued last quarter by investment bank Lazard portends well for emerging market stocks. According to the bank, “Emerging markets equities are in line to benefit from improving economic growth more than developed markets are, driven primarily by emerging Asia and information technology companies.
América Móvil NYSE: AMX is an interesting telecom opportunity for investors, given its performance relative to US-based competition and the outlook for emerging markets next year. This company is performing in alignment with its competition(including FX headwinds), and emerging markets are expected to outpace the developed world by more than 2:1 in 2024.
America Movil, S.A.B. de C.V. (NYSE:AMX ) Q3 2023 Earnings Conference Call October 18, 2023 11:00 AM ET Company Participants Daniela Lecuona - Head of Investor Relations Daniel Hajj Aboumrad - Chief Executive Officer Carlos Garcia Moreno - Chief Financial Officer Oscar Von Hauske - Chief Fixed Line Operations Officer Conference Call Participants Victor Tomita - Goldman Sachs Walter Piecyk - Lig...
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