America Movil Capex in Q2 reaches $3.5 billion

America Movil today said its Capex (capital spending) in telecom infrastructure in the second quarter reached $3.5 billion (45.6 billion pesos). The telecom operator invested in deploying fiber optic networks across the board as well as cable to ...

Samsung to open manufacturing plant in South Africa

Smartphone vendor Samsung Electronics will open its manufacturing plant in South Africa. Recently, software vendor Microsoft, which recently took over the device business of Nokia in a $7.2 billion deal, announced job cut to eliminate around ...