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General

America Movil may reduce investments in Brazil by 10-20%

Thursday 9 June 2016 | 19:35 CET | News
America Movil, which includes Claro, Embratel and Net, may reduce its investments in Brazil this year by 10 to 20 percent, depending on the pace of economic activity, said Jose Antonio Felix, president of the group, reports O Globo. He expects that the pay-TV segment, one of the hardest hit by the economic crisis in the country, will stabilize in the third quarter of this year.

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Categories: General
Companies: America Movil / Claro / Embratel
Countries: Brazil
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