Seeking Alpha

America Movil looking to quickly divest assets

  • Following the new regulation requiring America Movil (AMX) to lower its market share by less than 50%, the company is now looking to sell 15-17% of its assets.
  • America Movil is looking to divest the assets as soon as possible and hopefully to a single buyer, says company spokesman Arturo Elias.
  • Industry experts say the assets can be worth worth well over $10B, although the telecommunications giant has not yet announced a price.
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