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General

America Movil to cut investment by 10% this year

Tuesday 7 February 2017 | 11:25 CET | News
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America Movil is set to invest around MXN 7 billion to MXN 7.5 billion across its markets this year, some 10 percent less than in 2016, reports local daily Milenio, citing the company's CFO Carlos Garcia Moreno. The reduced capex is due to a number of factors affecting the regional telecom sector, not least what Garcia Moreno describes as the lowest mobile rates in the world in the operator's home market of Mexico. America Movil, which controls about 70 percent of Mexico's mobile phone lines, was declared a dominant player in the sector in 2014, and has had to significantly lower

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