America Movil, NII rally following asset sale news

The Street is giving a thumbs-up to America Movil's (AMX +7.6%) plans to appease regulators by selling Mexican assets to a new independent carrier, and putting its mobile towers in the hands of a separate company.

AMX says the moves will cut its Mexican market share below 50%, as sought by regulators. The company currently has ~70% of Mexico's mobile and fixed phone lines.

NII Holdings (NIHD +4.9%) is following AMX higher. The arrival of a new Mexican carrier might open the door to a deal involving NII's struggling Mexican ops.

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Comments (1)
  • WadeMD
    , contributor
    Comment (1) | Send Message
    so what dose this all mean to share holders?
    9 Jul 2014, 04:30 PM Reply Like
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