- AT&T (T -0.7%) is pursuing a deal to rent wireless towers from Telesites, the tower-holding spinoff from América Móvil (AMX +0.3%), Bloomberg reports.
- An agreement could advance AT&T's expansion plans in Mexico, as Telesites' 11,000 towers make the country's most pervasive network.
- AT&T only provided a statement: “As we assess our options, we expect fair pricing, an expedited process, and efficient access similar to other tower companies.”
- The Telesites spinoff was prompted by tough new regulations in Mexico, and they dictate that the towers firm must allow access to any operator for a fee; and the IFT will step in and determine the rate if an agreement can't be reached.
- América Móvil had said the spinoff would give competitors access to 90% of its towers, up from 45%.
- Previously: America Movil floats spinoff of towers business into listed company (Apr. 01 2015)