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America Movil, Axtel settle disputes

Mar. 19, 2015 7:56 AM ETAmérica Móvil, S.A.B. de C.V. (AMX) StockAMX, AXTLFBy: Yoel Minkoff, SA News Editor
  • America Movil (NYSE:AMX) has paid Axtel (OTC:AXTLF) 950M pesos to settle several long-standing legal disputes and reached an agreement with its smaller fixed-line rival to offer mobile phone services on its network.
  • The disagreements date back to 2005 and center around interconnection and mobile termination rates.

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