America Movil’s (AMX) Mexican fixed-line subsidiary Telmex will hold an extraordinary shareholder meeting on 23 July to discuss a potential capital increase.
The company also plans to discuss the cancellation of its treasury shares, according to a…
America Movil’s (AMX) Mexican fixed-line subsidiary Telmex will hold an extraordinary shareholder meeting on 23 July to discuss a potential capital increase.
The company also plans to discuss the cancellation of its treasury shares, according to a stock exchange filing.
Billionaire Carlos Slim’s AMX controls about 80% of the Mexican fixed-line market through Telmex and 70% of the mobile market via Telcel.
Yesterday, Mexican senate committees passed a bill aimed at curbing the influence of AMX in the telecoms sector and that of Televisa in the television industry. The congress now needs to approve the bill to become law.
