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Telefonica finally gains Mexico momentum

Thursday, May 5, 2016

Telefonica is finally making strides in Mexico, where it had struggled to increase its wireless market share past 20 percent in the face of a giant competitor, billionaire Carlos Slim’s America Movil.

The Madrid-based operator added 760,000 subscribers in Mexico in the first quarter, while AT&T gained more than half a million and America Movil lost about 200,000.

Source: Bloomberg