Ron Burgundy Posted July 9, 2014 Share Posted July 9, 2014 By Christine Murray MEXICO CITY (Reuters) - Billionaire Carlos Slim's America Movil AMXL.MX said on Tuesday it is ready to divest assets in an unprecedented step to cut its market share in Mexican telecoms below 50 percent and escape the burden of tougher regulations. The company, which controls some 70 percent of Mexico's mobile market and 80 percent of the fixed line business, said in a statement its board had decided to sell assets to another company that could boost investment in the sector. America Movil, Latin America's biggest telecoms company, did not specify which assets it could get rid of, and a spokesman said it was still open as to what and to whom it could sell. Still, any divestitures would be "conditional" on America Movil's mobile phone and fixed-line units no longer being declared dominant players, the company said. View the full article Quote Link to comment Share on other sites More sharing options...
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