- Needing a good network to pursue further growth in Mexico, but "light-years away from it," Telefonica (TEF -2.2%) says it's open to deals with competitors there, including America Movil (AMX -0.1%) and AT&T (T +0.6%).
- Technical improvements could hinge on a possible deal with America Movil's tower spinoff Telesites, if it makes its infrastructure available. Combined creation of infrastructure is also a possibility.
- AT&T has been working on its deal to rent towers from Telesites, which holds 11,000 towers in the country.
- Telefonica has an "obligation" to explore possible deals, said COO Jose Maria Alvarez-Pallete. “We still have a lot of work to do in Mexico, but for the first time we have elements” for growth.
- Previously: Telefonica: Brazil recession 'won't change our plans' (Aug. 31 2015)