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Carlos Slim's America Movil to roll out 4.5G network this year [Reuters (UK)]
US:NASDAQ Investor Relations: americamovil.com/investor-relations
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Daniel Hajj, CEO and Director of Mexican telecoms company's America Movil, delivers a speech during a news conference to present new technological innovations in Mexico City, Mexico, May 18, 2017. REUTERS/Edgard Garrido MEXICO CITY Billionaire Carlos Slim's telecommunications giant America Movil plans to roll out a 4.5G network in Mexico by the end of the year, and gear up for 5G by 2020, CEO Daniel Hajj said at a news conference in Mexico City on Thursday. "5G ... that comes in 2020. 4.5, we will have it at the end of the year," Hajj said, declining to give specific investment figures for the move toward 4.5G, a faster network that will be able to handle more traffic. "It's basically thanks to all the investments that we have been doing to modernize the network over the last three years," he said. (Reporting by Noe Torres and Alexandra
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NEWS
- America Movil SAB de CV ADR Class A (NYSE: AMOV) was downgraded by analysts at TheStreet from a "b-" rating to a "c" rating.[MarketBeat]
- America Movil SAB de CV (AMX) CEO Daniel Aboumrad on Q2 2018 Results - Earnings Call Transcript [Seeking Alpha][Seeking Alpha]
- América Móvil (NYSE: AMOV) was upgraded by analysts at UBS Group AG from a "market perform" rating to an "outperform" rating.[MarketBeat]
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