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Slim snaps up spectrum from Grupo MVS

Tuesday, November 29, 2016

Billionaire Carlos Slim's America Movil said on Monday that its wireless subsidiary had agreed to buy spectrum for mobile devices from Mexico's Grupo MVS, which would increase Mexico's dominant player's offer of high-speed data services.

America Movil said it would buy 60 MHz of spectrum in the 2.5 GHz band. It did not disclose the terms of the deal, which is subject to regulatory conditions. An MVS spokesperson said the company did not have a comment.

Source: Reuters