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    AMX L   MXP001691213

AMÉRICA MÓVIL, S.A.B. DE C.V.

(AMX L)
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California approves Verizon deal to acquire TracFone Wireless

11/18/2021 | 03:40pm EST

WASHINGTON, Nov 18 (Reuters) - The California Public Utilities Commission said Thursday it has approved Verizon Communications' more than $6 billion proposed acquisition of TracFone Wireless after the companies agreed to some additional consumer protection conditions.

Under the agreement with the California regulator, TracFone or Verizon must participate in a U.S. program providing subsidized wireless service for low-income consumers for 20 years.

Verizon said in September 2020 it would buy TracFone, a unit of Mexican telecom company America Movil, in a cash and stock deal.

(Reporting by David Shepardson, Editing by Rosalba O'Brien)


© Reuters 2021
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Analyst Recommendations on AMÉRICA MÓVIL, S.A.B. DE C.V.
More recommendations
Financials
Sales 2021 1 016 B 49 836 M 49 836 M
Net income 2021 88 359 M 4 334 M 4 334 M
Net Debt 2021 547 B 26 829 M 26 829 M
P/E ratio 2021 15,4x
Yield 2021 3,04%
Capitalization 1 318 B 64 671 M 64 667 M
EV / Sales 2021 1,84x
EV / Sales 2022 1,88x
Nbr of Employees 182 858
Free-Float 47,1%
Chart AMÉRICA MÓVIL, S.A.B. DE C.V.
Duration : Period :
América Móvil, S.A.B. de C.V. Technical Analysis Chart | AMX L | MXP001691213 | MarketScreener
Technical analysis trends AMÉRICA MÓVIL, S.A.B. DE C.V.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 20,39 MXN
Average target price 20,88 MXN
Spread / Average Target 2,39%
EPS Revisions
Managers and Directors
Daniel Hajj Aboumrad Chief Executive Officer & 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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