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America Movil to invest USD 8.5 bln in 2020, launch 5G in H2 - CEO

Friday 14 February 2020 | 12:17 CET | News
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America Movil has plans to spend another USD 8.5 billion on capital expenditures in 2020, similar to last year's investment, to continue expanding its fibre-optic infrastructure throughout Latin America and launch its first 5G networks, said the company's CEO Daniel Hajj, according to Reuters. In a call with investors following the publication of America Movil's full-year results, Hajj said 5G services will likely debut in Mexico this year and may arrive in Brazil as well, depending on the availability of spectrum.

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Categories: General
Companies: America Movil / Claro
Countries: Latin America
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