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Wireless

America Movil to raise MXN 21 bln from Opsimex issuances

Monday 13 July 2015 | 09:58 CET | News
America Movil is hoping to raise up to MXN 21 billion from Certificados Bursatiles (stock certificates) issued via Opsimex, the company resulting from the spinoff of its Telesites towers business, reports local business daily Il Financiero. The certificates will be issued in three tranches, two denominated in MXN maturing in 2020 and 2025 and one denominated in Unidades de Inversion (UDIS) maturing in 2030. The Telesites spinoff, approved by America Movil's shareholders in April and due to complete later this month, created Latin America's second-largest wholesale supplier of tower space

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