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Wireless

America Movil to reduce investments by 25% in 2016

Thursday 11 February 2016 | 16:31 CET | News
America Movil is planning to reduce by 20-25 percent its global investments for this year, as compared to 2015, reports Valor Economico. The company invested USD 30 billion over the last three years in all markets in which it operates. The information was announced during the presentation of its financial results to analysts. Part of the funds will be allocated to the migration of customers from the 3G to the 4G network in Latin America. 

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Categories: Mobile & Wireless
Companies: America Movil
Countries: Latin America
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