America Movil submits plan to shed fixed-line unit Telmex [Seeking Alpha]
America Movil, S.A.B. de C.V. Class A American Depositary Shares (AMOV)
US:NASDAQ Investor Relations:
americamovil.com/investor-relations
Company Research
Source: Seeking Alpha
America Movil ( AMX ) has submitted its plan to split off part of fixed-line unit Telmex, and says it expects approval in the coming months. In early March, the incumbent was given a 65-day deadline to submit its plan. Now that it has, Mexico's Federal Telecommunications Institute has 65-70 days to respond to it, says America Movil chief Daniell Hajj. After approval of the plan, the company would have up to two years to implement the split. Previously: Peso helps boost America Movil rebound in Q1 (Apr. 25 2017) Now read: TELUS Corporation - A Solid Long-Term Investment At Current Levels »
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