Puerto Vallarta News

Puerto Vallarta News

Carlos Slim Ready to Shrink America Movil Market Share

Billionaire Carlos Slim's America Movil AMXL.MX said on Tuesday it is ready to divest assets in an unprecedented step to cut its market share in Mexican telecoms below 50 percent and escape the burden of tougher regulations. The company, which controls some 70 percent of Mexico's mobile market and 80 percent of the fixed line business, said in a st…

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