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America Movil still dominant after Telesites spinoff - IFT

Tuesday 8 December 2015 | 15:26 CET | News
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America Movil remains a dominant player in the Mexican telecoms industry in spite of the recent spinoff of its towers business Telesites, reports El Economista, citing Federal Telecommunications Institute (IFT) president Gabriel Contreras. The company last week announced that Telesites shares will be listed on Mexico's benchmark IPC stock index starting on 21 December. However, the 2014 decision to declare America Movil a dominant player "extended to all companies in the group and it was established that in the event of spinoffs, mergers or other corporate moves, the affiliates and

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Categories: Mobile & Wireless
Companies: America Movil / IFT / Telesites
Countries: Mexico
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