0
Wireless

America Movil USD 50 bln investment plan at midpoint

Saturday 27 April 2013 | 17:21 CET | News
America Movil is about halfway through a 5-year plan to invest around USD 50 billion in Latin America, Reuters reports, citing a company spokeswoman. The representative was responding to a report by Mexican news agency Notimex that America Movil's CFO, Carlos Garcia Moreno, had announced an investment plan of USD 50 billion over the next five years at an event in Peru. The spokeswoman said the sum was correct, but added that the plan had already run about half its course."It's a process of five years and we're about halfway through it," the spokeswoman said.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: America Movil
Countries: Latin America
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

America Movil growth slows on weak Mexican market

Published 25 Oct 2013 08:05 CET | Latin America
America Movil reported a slowdown in third-quarter results, hurt by the weak economy in its home market Mexico. Revenues rose ...

Slim: 'assets pas verkopen na effecten telecomwetten'

Published 12 Jun 2013 09:38 CET | Mexico
America Móvil zal geen negatieve gevolgen ondervinden van de onlangs geïntroduceerde telecomwetten in thuisland Mexico. Dat zegt ...

America Movil lijft Amerikaanse operator in

Published 20 May 2013 21:11 CET | United States
America Móvil heeft bekend gemaakt de Amerikaanse MVNO Start Wireless te hebben gekocht. Het Mexicaanse telecombedrijf onder ...

Mexico hervormt telecommarkt

Published 01 May 2013 08:01 CET | Mexico
Het Mexicaanse congres heeft een wet goedgekeurd waardoor het aandeel van América Móvil mogelijk flink onder druk komt te staan. ...