| America Movil Top Buyer in Mexico's Wireless Auction The Associated Press | |
| go to original March 4, 2016 |
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Mexican telecoms giant America Movil bought the largest share of mobile internet frequencies in a federal auction meant to spur more and better mobile data services, Mexico's telecoms regulator said on Thursday.
A subsidiary of billionaire Carlos Slim's America Movil paid 2.1 billion pesos ($117 million) against the 1.03 billion pesos from new rival AT&T to grab the airwaves as consumer demand for mobile coverage grows.
Less than half of Mexico's population is online, according to the latest World Bank figures, though the number of users has been growing rapidly.
...America Movil operates around 70% of Mexico's mobile and fixed lines, while AT&T bought up two local carriers to become the country's third-largest.
Read the rest at The Economic Times
Photo: Agence France-Presse
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