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Monday, September 15, 2014

America Movil contacts AT&T, Softbank on bids for assets-Bloomberg, (NYSE: T)

Carlos Slim's America Movil has contacted AT&T Inc and SoftBank Corp as the telecommunications company tries to sell a chunk of assets that could be worth up to $17.5 billion, Bloomberg reported on Monday, citing people with knowledge of the matter.The sale would include America Movil infrastructure in a strip of states from north to south along Mexico's eastern coast, two sources told the U.S. news agency.Shares in America Movil were up 2.34 percent at 17.47 pesos after the report.America Movil said in July it would sell part of its Mexican operation to cut its market share below 50 percent and avoid new regulations designed to curb its dominance.

AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T traded higher by 0.51% or $0.175/share to $34.68. In the past year, the shares have traded as low as $31.74 and as high as $37.48. On average, 19765100 shares of T exchange hands on a given day and today's volume is recorded at 11319309.