América Móvil Eyes Joint Asset Acquisition with Telefónica

America Movil (AMX) has released an update.

América Móvil and Telefónica have signed a non-binding agreement to potentially participate in the acquisition of assets from WOM S.A. in its Chapter 11 bankruptcy process in the U.S. This potential transaction aims to enhance the telecommunications sector in Chile by improving investment and competition in high-speed networks and coverage, which is crucial for the country’s digital advancement.

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