Mexico's America Movil to provide national roaming service to Telefonica Mexico

Mon Dec 5, 2016 11:06pm EST
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MEXICO CITY (Reuters) - Mexican telecoms giant America Movil (AMXL.MX: Quote), controlled by tycoon Carlos Slim, said on Monday its Mexican unit had reached an agreement to provide a national roaming service to its main competitor in the local market, Telefonica Mexico.

America Movil serves two-thirds of the Latin American country's mobile phone market, followed by Spain's Telefonica, which operates in Mexico under the Movistar brand.

(Reporting by Natalie Schachar and Noe Torres; Editing by Subhranshu Sahu)

The America Movil logo is seen on the wall of the reception area in the company's corporate offices in Mexico City August 12, 2015. REUTERS/Henry Romero