América Móvil formally announces tower spinoff while AT&T shops till it drops in Mexico
TowerXchange is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

América Móvil formally announces tower spinoff while AT&T shops till it drops in Mexico

mexico-flag.jpg

During the recent Q4 2014 earnings call, América Móvil’s CEO, Daniel Hajj revealed some details of the timeline for the company’s plans to spinoff its Mexican telecom towers into a new company. According to the CEO, the new company should be formed and operational by May or June after a formal presentation of the plan to shareholders in April.

The new entity will own and operate approximately 11,000 telecom sites and actively compete with the likes of American Tower which owns over 8,400 sites in Mexico. Mexico Tower Partners (788 towers), Centennial (~400), IIMT (~180), Torrecom (146) and QMC Telecom (tower count unknown) are also active in the country.


UNLOCK THIS ARTICLE

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Subscribe Login
Gift this article