Mexican tycoon Carlos Slim buys out AT&T's $6 billion stake in America Movil [Yerepouni Daily News (Armenia)]
(Yerepouni Daily News (Armenia) Via Acquire Media NewsEdge) Mexican tycoon Carlos Slim has bought out US telephone operator AT&T’s $6 billion stake in telecommunications firm America Movil, the company announced Friday. The acquisition of AT&T’s shares in the company represents 8.27% of America Movil’s capital stock, according to a company statement.
“Upon consummation of the transaction authorized today by the board of directors, AT&T will no longer be a shareholder of America Movil,” it added, reports AFP.
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