América Móvil, S.A.B. de C.V. (AMOV)
AMX´s Strategy on Potential Acquisitions in Europe Conference Call
June 21, 2012 01:30 pm ET
ExecutivesCarlos García-Moreno - CFOAnalystsAndrew Campbell - Credit SuisseVera Rossi - BarclaysAndre Baggio - JPMorganRizwan Ali - Deutsche BankMauricio Fernandes - Merrill LynchStanley Martinez - Legal & GeneralJames Ratzer - New Street ResearchPresentation
Previous Statements by AMOV
» America Movil's CEO Discusses Q1 2012 Results - Earnings Call Transcript
» América Móvil's CEO Discusses Q4 2011 Results - Earnings Call Transcript
» America Movil's CEO Discusses Q3 2011 Results - Earnings Call Transcript
Thank you, good afternoon everyone. Good evening to some of you. We have decided to have this conference call so that we could give you a bit more of a feel for how it is that we have been backing our decisions to make a move into Europe. We believe you have been following some of these from the press already we left here about a week, but as it is important that we give you an overview, a more comprehensive overview of América Móvil’s thinking in terms how and why to go into Europe.If you recall in America, in Latin America, we are today investing cleverly. We are seeing good organic growth and we expect growth to continue to be fairly solid for a number of years. And that means although we are investing heavily on our networks, we are now investing, I believe we invested about $10 billion and this year it is going to be probably higher, and that we have audited those will turn roughly about $9.5 billion we are looking at for the year.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV