America Movil says 5G in focus as $7 billion capex plan remains on track

By Thomson Reuters Apr 17, 2024 | 10:51 AM

MEXICO CITY (Reuters) – Mexican telecommunications giant America Movil said it is investing in 5G across its markets as it remains on track to implement its $7.1 billion capital expenditure plan set for this year.

The company had in February warned of reduced spending following years of significant spending on buying spectrum and refreshing its network infrastructure. Last year it spend $8.6 billion.

(Reporting by Sarah Morland and Aida Pelaez-Fernandez)