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General

America Movil looking to divest Telesites stake - report

Monday 29 May 2017 | 12:01 CET | News
America Movil is preparing to sell a minority stake in its tower unit Telesites, according to unnamed sources cited by Reuters. The company is negotiating with private equity firms, sovereign wealth funds and infrastructure funds about selling the stake without giving up control of Telesites, said the sources. Telesites has been unable to attract many tenants to the towers besides America Movil and its mobile unit Telcel since its spin-off in December 2015, said the report, adding that Telesites has a market capitalisation of MXN 38.52 billion.

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Categories: General
Companies: America Movil / Telcel / Telesites
Countries: Mexico
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