Telefonica, Iusacell to merge Mexico operations – report

Friday 7 February 2014 | 07:15 CET | News
Telefonica is in talks to combine its Mexico unit with Iusacell. Via this move, the companies plan to create a stronger competitor to America Movil, Bloomberg reports, citing unnamed people with knowledge of the matter. According to the same source, Telefonica and Iusacell have not decided yet which company would control the combined mobile operator. Telefonica is being advised by Banco Bilbao Vizcaya Argentaria and Lazard, the sources added.

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Categories: Mobile & Wireless
Companies: America Movil / Iusacell / Megacable / Telefonica
Countries: Mexico
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