America Movil plans major 5G push in 2025
America Movil will push ahead with its 5G expansion across Latin America next year.
The Mexican telecom giant, America Movil, will focus on expanding its 5G wireless technology next year, prioritising Latin American markets. Controlled by billionaire Carlos Slim’s family, the company aims to advance its 5G network across key regions.
The company allocated $7 billion for capital expenditure this year, with 5G expansion at the core of its strategy. CEO Daniel Hajj confirmed the effort will continue in 2025, singling out Mexico and other Latin American countries as priorities.
Additional funding is being considered to support operations in markets like Peru, Colombia, and Brazil, according to CFO Daniel Garcia. Maintaining current debt levels remains a goal despite plans for refinancing in these regions.
America Movil is also in discussions with SpaceX for potential collaboration. A partnership with the space technology firm could link SpaceX services with the company’s main mobile network. Shares rose over 3% following a strong earnings report, highlighted by tripled quarterly profits.
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