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Slim's America Movil invests $6 billion to fight ATandT

Friday, July 17, 2015

Mexican telecoms giant America Movil, controlled by billionaire Carlos Slim, will respond to a challenge from U.S. carrier AT&T by offering some subscribers free calls to and data in the United States, and will also invest $6 billion in its network in Mexicoz.

AT&T has challenged America Movil on its home turf with the purchases of two Mexican wireless operators.

Source: Reuters