Telefonica finally gains Mexico momentum

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