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América Móvil, S.A.B. de C.V. (AMXVF)

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0.9300+0.0635 (+7.33%)
At close: 12:33PM EDT
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  • Reuters

    UPDATE 1-America Movil to sell Panama unit for $200 mln to Cable & Wireless Panama

    Mexican telecoms giant America Movil, controlled by the family of billionaire Carlos Slim, said on Wednesday it has agreed with Cable & Wireless Panama, a unit of Liberty Latin America LTD., to sell 100% of its Claro Panama unit for $200 million. The transaction excludes the telecommunications towers indirectly owned by America Movil in Panama, and the Claro brands, America Movil said in a statement.

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  • Reuters

    America Movil to propose towers spinoff to shareholders

    A planned proposal by Mexican telecoms giant America Movil, controlled by the family of billionaire Carlos Slim, to spin off some assets into a new company has to do with its Latin American towers, a spokesman for the company said on Friday. America Movil’s board of directors approved in February the asset reorganization plan for its regional towers https://www.reuters.com/article/us-america-movil-results-idUSKBN2A92YN, creating a spin-off entity focused on the development, construction and locations of the towers for mobile services, the company said. America Movil previously said it expected to complete the reorganization this year.