The chairman of Telefonica Mexico, Francisco Gil Diaz, reportedly said the operator has not held talks with rival America Movil to acquire some of its assets.
Gil Diaz was however quoted telling Reuters that there might be discussions between Carlos…
The chairman of Telefonica Mexico, Francisco Gil Diaz, reportedly said the operator has not held talks with rival America Movil to acquire some of its assets.
Gil Diaz was however quoted telling Reuters that there might be discussions between Carlos Slim’s America Movil and Telefonica’s Spanish headquarters.
Telefonica did not respond to a request for comment.
In recent months, Japan’s Softbank, Bell Canada and China Mobile have been rumoured among the potential suitors for assets belonging to America Movil.
US giant AT&T, which recently agreed to buy the number three mobile operator Iusacell, was also named as a potential bidder. But its CEO Randall Stephenson reportedly said his company did not need the America Movil’s operations to succeed in the Mexican market.
America Movil, which controls 70% of the country’s mobile market and 80% of the fixed-line segment, has been required to sell a number of assets to reduce its market share to less than 50% in order to comply with the country’s new telecoms regulations.
Earlier this week, the telco agreed to spin off its fully-owned subsidiary Sercotel, which operates as a holding company for telecoms-related investments.
