América Móvil and Entel End Partnership for Joint Bid on Telefónica's Chilean Operations
Termination Agreement: América Móvil has terminated its non-binding agreement with Empresa Nacional de Telecomunicaciones S.A. (ENTEL) regarding a joint offer for acquiring assets related to Telefónica S.A. in Chile.
Future Participation: The company plans to explore potential individual participation in the acquisition process moving forward.
Company Overview: América Móvil is a leading integrated telecommunications services provider in Latin America and is the largest in the world by mobile subscribers, excluding China and India.
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Top Strong Buy Stocks for December 18: MTLS, AMX, and Others
Zacks Rank #1 Stocks: Five stocks have been added to the Zacks Rank #1 (Strong Buy) List, including James River Group Holdings, Calix, Materialise NV, America Movil, and Norwood Financial Corp., all of which have seen significant increases in their earnings estimates over the past 60 days.
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