América Móvil plans to invest US $ 35 billion in Latin America

17 February 2012 | In News | 180 views | By

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 amrica mvil planeja investir us$  35 amrica latina  The América Móvil, Mexican billionaire Carlos Slim, has an ambitious investment plan for the coming years, and have cash to finance it, reported the VFR, serviço de News financeiras da Thomson Reuters.

The majority of funding that the company should do in 2012 será avaliada de acordo com as opportunities, told the VFR the financial Vice President America Movil, Carlos Garcia Moreno.

In Brazil, a companhia opera com a empresa de telephony móvel Claro, with Embratel and with Net.
The América Móvil, Mexican giant telecommunications, are planning investments of 9 billions of dollars in 2012, and Garcia Moreno said that similar amounts are planned each year in the coming years. In 2011, the company invested 9,7 billions of dollars, 50 percent more than in the previous year.

Total investment plans for the next four years involve approximately 35 billions of dollars.

Esperamos que seja enorme o growth of services de dados fornecidos por redes sem fio. Then, We need to build data infrastructure to prepare for this growth”, said Moreno.

“We will make major investments to integrate our fixed and mobile networks and we're defining platforms to replace all cables made of copper by fibre-optic cables so that data can be transferred at higher speeds”, added.

The Executive hopes that the work can be completed over the next four years and added that the company has enough cash to finance the investment.

As a result, any funding that America Movil will do this year will be for purchases or refinancing. The company does not have a predetermined value that is seeking to assume debt, said Moreno.

According to him, the América Móvil won't make more acquisitions in Latin America, where the company is already the largest mobile carrier, but always seeking opportunities for acquisitions in other regions.

“There are many things on offer and we are open to possibilities”, said Moreno.
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