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America Movil to distribute Telesites shares next month

Wednesday 21 October 2015 | 15:09 CET | News
The spinoff of America Movil's Mexican towers business Telesites will finally complete this week, according to the company's CEO Daniel Hajj. Speaking after the publication of the group's third quarter results, Haji said all legal authorisations had been received from Mexico's Federal Telecommunications Institute (IFT) and that the company should be in a position to distribute Telesites shares in November. He also hinted that the company may extend the model to the rest of region, albeit not immediately. "We're not thinking of doing business with Telesites in the rest of Latin America yet,

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