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