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Wireless

Slim to invest USD 1 bln in Colombia if allowed 4G bid

Tuesday 30 October 2012 | 12:23 CET | News
Mexican billionaire Carlos Slim said his telecoms company America Movil will invest nearly USD 1 billion on network developments in Colombia in 2013 if regulators reverse course and grant the company access to 4G wireless airwave licenses, Bloomberg reports. The investment would be an increase from USD 920 million this year, America Movil's controlling shareholder Carlos Slim told reporters in Cartagena, Colombia.

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Categories: Mobile & Wireless
Companies: America Movil / Claro
Countries: Colombia
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