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Telefonica Mexico denies talks to buy America Movil assets

Thursday 15 January 2015 | 09:48 CET | News
Telefonica's Mexican unit is not currently in talks to buy assets that America Movil is looking to offload in response to tough new regulatory demands. In an interview with Reuters, Telefonica Mexico chairman Francisco Gil Diaz said there were no discussions between Telefonica Mexico and Carlos Slim's company. "I think that right now, that's not something that's being worked on," he said. However, Gil Diaz also suggested there might be discussions between America Movil and Telefonica's Spanish headquarters. America Movil, which has around 70 percent of the Mexican phone market, announced last

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