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