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AMOV - America Movil SAB De CV News Story

$14.79 0.1  0.5%

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Large Cap
Market Cap £34.50bn
Enterprise Value £58.72bn
Revenue £35.98bn
Position in Universe 256th / 6853

America Movil buying Telefonica operations in Central America

Thu 24th January, 2019 8:48pm
MEXICO CITY, Jan 24 (Reuters) - Mexico's America Movil
 AMXL.MX  said on Thursday it is acquiring Telefonica's  TEF.MC 
operations in Guatemala for $333 million and in El Salvador for
$315 million. 
    America Movil, which is controlled by the family of Mexican
billionaire Carlos Slim, said in a statement that it will
acquire 100 percent of the Guatemalan business and 99.3 percent
of the Salvadoran business.
    The transaction in Guatemala has closed, and the Salvadoran
deal is pending regulatory approval, the statement added. 

 (Reporting by Julia Love; Editing by David Alire Garcia)
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