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América Móvil has 2018 investment budget of $8 billion

Thursday, February 15, 2018


Daniel Hajj, chief executive of América Móvil, reviewing the company's fourth-quarter results, admitted that there were heavy losses and a drop in sales. But he emphasized that the company's cash flow, a key indicator, is very healthy, particularly in Mexico.

For this year, Hajj said the company aims to invest $8 billion in investing mobile infrastructure in Brazil and Argentina, as well as extending coverage in Mexico.

Source (in Spanish): Expansión