Mexico Bolsa Falls on Growth Concern; America Movil Slips; Petrobras Gains

(Bloomberg) -- Mexican shares fell for a second day on
concern subprime loan losses in the U.S. may signal a further
weakening in the economy that buys 80 percent of Mexican exports
and lead to higher borrowing costs.

Mexico's Bolsa index retreated 286.97, or 0.9 percent, to
31,175.18 as of 3:24 p.m. New York time, led by mobile phone
company America Movil SAB. The Bovespa Index of the most-traded
stocks on the Sao Paulo exchange was little changed.


Read more at Bloomberg Stocks News

Mexico Bolsa Gains on Outlook for Tax Legislation, Led by America Movil

(Bloomberg) -- Mexican stocks rose for a second day as
investors speculated a tax bill will be modified to reduce levies
on business and gain support needed for passage.

The benchmark Bolsa index advanced 243.25, or 0.8 percent, to
31,047.46 as of 12:56 a.m. in New York, led by America Movil SAB,
Latin America's biggest mobile-phone company.


Read more at Bloomberg Stocks News

America Movil, Cemex, Grupo Mexico, IXE and Invex: Mexican Equity Movers

(Bloomberg) -- Mexico's main stock index rose for a
fourth day, led by shares of America Movil SAB, Latin America's
largest mobile-phone company.

The Bolsa index gained 132.13, or 0.4 percent, to 32,261.10 at
10:15 a.m. New York time, after setting a record June 15.


Read more at Bloomberg Stocks News

Panama to auction mobile phone spectrum in October

(Reuters) - The auctions seek to boost competition, lower prices and
increase mobile penetration to 70 percent from the current 50
percent.




Executives at America Movil, controlled by billionaire
Carlos Slim, have said the company was interested in operating
in Panama, one of the few countries in the region where it is
not present.


Read more at Reuters.com Government Filings News

RPT-Regulator spotlights T.Italia stakes in control debate

(Reuters) - MILAN, April 8 - Italy's market regulator has asked anyone with over 2 percent of Telecom Italia to declare the interest by a Tuesday deadline, Italian newspapers said on Sunday, as speculation swirls over moves to control the company.

Telecom Italia shares were heavily traded last week after AT&T and America Movil said they were in talks with Pirelli to buy a majority of Olimpia, which controls the telecoms company with an 18 percent stake.


Read more at Reuters.com Mergers News

America Movil unit buys Telecom Puerto Rico

(Reuters) - America Movil is controlled by Mexican tycoon Carlos Slim.




Read more at Reuters.com Business News