America Movil says ready to launch 5G in Mexico; plans to sell Tracfone this year


FILE PHOTO: The logo of America Movil is pictured on the wall of a reception area in the company's corporate offices in Mexico City, Mexico, May 18, 2017. REUTERS/Edgard Garrido/File Photo

MEXICO CITY (Reuters) - Mexican telecommunications company America Movil said on Wednesday it was "ready" to launch a 5G market in Mexico and it expects to close a deal to sell its TracFone unit by year-end.

Verizon said last year it would buy prepaid mobile phone provider TracFone, a unit of America Movil that serves about 21 million customers, in a more than $6 billion acquisition. The attorneys general of 16 U.S. states and the District of Columbia urged the FCC to thoroughly investigate the deal.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

Singapore's competition watchdog clears South Korean Hanwha's buyout of Dyna-Mac
Samsung Electronics plans $7.2 billion buyback to boost shareholder value
Man who stole and laundered roughly US$1bil in bitcoin is sentenced to 5 years in prison
Stiff business: Berlin startup will freeze your corpse for monthly fee
White supremacist, Nazi content spread on Steam game service
After Trump’s victory, US election falsehoods shift left
Review fatigue? Consumers are less likely to share feedback after a purchase
AI weather models have shown promise this hurricane season
AI could help scale humanitarian responses. But it could also have big downsides
Australia’s plan to ban children from social media proves popular and problematic

Others Also Read