America Movil

Carlos Slim’s America Movil Aims To Trim Mexico Market Share

Mexican billionaire and the world’s second richest man Carlos Slim’s telecommunications company America Movil SAB de CV (ADR) (NYSE:AMX) (NASDAQ:AMOV), announced Tuesday it has decided to sell assets in Mexico to lower its market share.

The announcement comes amid Mexico’s Congress passing new laws to bolster competition and impose strict regulations in the telecom-sector.
America Movil's move to appease regulators
Latin America’s biggest mobile . . .


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