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Friday, January 15, 2010

America Movil plans mobile and fixed-line consolidation

Latin America's largest mobile operator America Movil says it plans to take over Mexican fixed-line company Telmex. It's part of a 215 billion peso deal (around £10 billion) that would give billionaire Carlos Slim – who already controls America Movil – a single telecoms company with a customer base of approximately 250 million people. [Sources: Bloomberg.com; Forbes.com; WSJ.com]

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