Medical Market Report

America Movil says shareholders approve plan for towers spin-off

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September 29, 2021

MEXICO CITY (Reuters) – A plan by Mexican telecoms company America Movil to spin off some of its towers in Latin America was approved by shareholders on Wednesday, the firm said in a filing with the Mexican stock exchange.

America Movil, controlled by the family of Mexican billionaire Carlos Slim, said the spinoff will be a newly created company called Sitio Latinoamérica.

(Reporting by Cassandra Garrison)

Source Link America Movil says shareholders approve plan for towers spin-off

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