0
Wireless

America Movil to complete Telesites spinoff on 21 December

Thursday 3 December 2015 | 15:29 CET | News
America Movil has announced that it has finally received authorisation from the country's National Banking and Securities Commission to list the shares of its towers business Telesites. The unit's shares will be listed on Mexico's benchmark IPC stock index starting on 21 December, said the company in a statement. Both AT&T and Telefonica are said to be working on agreements to rent infrastructure from Telesites' network of around 10,800 towers in Mexico, with the company's CEO Daniel Hajj recently hinting that the Telesites model may be extended to the rest of Latin America at some point.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Broadcast & Satellite / Mobile & Wireless
Companies: America Movil / Telefonica
Countries: Mexico
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

America Movil looking to divest Telesites stake - report

Published 29 May 2017 12:01 CET | Mexico
America Movil is preparing to sell a minority stake in its tower unit Telesites, according to unnamed sources cited by Reuters. ...

Telesites FY revenues reach MXN 4.23 billion

Published 01 Mar 2016 12:37 CET | Mexico
Mexican tower company Telesites generated revenues of MXN 4.23 billion for 2015, of which 63.3 percent corresponded to tower ...

America Movil Q4 sales flat, EBITDA falls 3%

Published 10 Feb 2016 08:28 CET | Latin America
America Movil saw its revenue growth slow to 0.6 percent in the fourth quarter of 2015, for a total of MXN 231 billion. Service ...

America Movil still dominant after Telesites spinoff - IFT

Published 08 Dec 2015 15:26 CET | Mexico
America Movil remains a dominant player in the Mexican telecoms industry in spite of the recent spinoff of its towers business ...

America Movil to distribute Telesites shares next month

Published 21 Oct 2015 15:09 CET | Mexico
The spinoff of America Movil's Mexican towers business Telesites will finally complete this week, according to the company's CEO ...

Mexico waives Telesites institutional approval

Published 02 Oct 2015 11:21 CET | Mexico
Mexico's Federal Telecommunications Institute (IFT) has decided that Telesites, the recently spun off towers business of America ...

Telefonica, Telesites negotiating Mexico tower deal – report

Published 08 Sep 2015 16:10 CET | Mexico
Telefonica is discussing the possibility of renting mobile phone towers from Telesites, the recently spun off towers business of ...

Telefonica prepared to share Mexico network with rivals

Published 03 Sep 2015 16:05 CET | Mexico
Telefonica  is prepared to reach network sharing deals with rivals such as AT&T and America Movil with a view to boosting its ...

America Movil denies capital hike for Telekom Austria

Published 19 Jul 2015 11:22 CET | Austria
Mexico's America Movil said Telekom Austria unit did not need a capital increase, after Austrian daily Die Presse reported that ...

America Movil to raise MXN 21 bln from Opsimex issuances

Published 13 Jul 2015 09:58 CET | Mexico
America Movil is hoping to raise up to MXN 21 billion from Certificados Bursatiles (stock certificates) issued via Opsimex, the ...

AT&T, America Movil close to reaching tower deal - report

Published 16 Jun 2015 09:12 CET | Mexico
AT&T is working on an agreement to rent wireless towers from Telesites, the recently spun off Mexican towers business of America ...

IFT to analyse Telesites spin-off

Published 28 Apr 2015 15:05 CET | Mexico
Mexico's Federal Telecommunications Institute (IFT) will analyse the recently approved spin-off of America Movil's ...

Telesites will not offer preferential price to America Movil

Published 27 Apr 2015 17:11 CET | Mexico
Mexican mobile telephony operator Telcel, owned by America Movil, will not have access to preferential prices from the recently ...

Telesites to dominate Mexico telecoms towers market

Published 20 Apr 2015 15:18 CET | Mexico
Telesites, the new telecoms infrastructure firm to be created by Mexican telecoms giant America Movil will have a market share of ...