Telecommunications giant America Movil reported an impressive third-quarter net profit increase, tripling its previous year’s numbers, reaching $339.9 million. The Mexican company attributed its performance boost to favourable exchange rate impacts, as a weaker peso significantly increased its earnings from foreign operations, coupled with reduced financing costs and effective operational streamlining. Revenue for the quarter […]
Verizon has wrapped up its previously announced $6.9 billion acquisition of US-based prepaid wireless provider Tracfone Wireless. The US-based telecom conglomerate had acquired Tracfone Wireless from Mexican telecommunications corporation America Movil. Verizon acquisition of Tracfone was announced in late 2020. The consideration includes an amount of up to $650 million to be paid based on […]
Telecommunications conglomerate Verizon has agreed to acquire Tracfone Wireless, a prepaid wireless provider in the US, from Mexican telecommunications corporation America Movil in a deal worth up to $6.9 billion. The acquisition is said to grow the portfolio of Verizon into the value segment, bringing improved access to its wireless network and suite of mobility […]
