Sunday, 23 September 2018

Iusacell 'no está a la venta', but change is coming to Mexico

By Mary Lennighan, Total Telecom
Friday 01 August 14

Salinas claims his Mexican mobile unit is not for sale, but with change afoot it could struggle to survive alone; plus, who will buy America Movil's assets?

"It's not for sale," Ricardo Salinas told his Twitter followers on Wednesday. The Grupo Salinas founder was talking about his company's 50% stake in Mexican mobile operator Iusacell, which hit the headlines earlier this week when it emerged that Telefonica is working on a takeover offer. The Spanish incumbent did not mention Iusacell by name in a statement to the stock market regulator, but said its disclosure of "negotiations in Mexico" came as a result of media speculation; various press outlets had linked it with Iusacell. As the press eagerly discussed how such a deal would affect the Mexican mobile market, already in a state of flux as a result of regulatory moves to boost competition…

"It's not for sale," Ricardo Salinas told his Twitter followers on Wednesday. The Grupo Salinas founder was talking about his company's 50% stake in Mexican mobile operator Iusacell, which hit the headlines earlier this week when it emerged that Telefonica is working on a takeover offer. The Spanish incumbent did not mention Iusacell by name in a statement to the stock market regulator, but said its disclosure of "negotiations in Mexico" came as a result of media speculation; various press outlets had linked it with Iusacell. As the press eagerly discussed how such a deal would affect the Mexican mobile market, already in a state of flux as a result of regulatory moves to boost competition…

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