Slim sells his US mobile phone business for $ 6.25 billion

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<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="La mexicana América Móvil (AMXL) said Monday that it agreed to sell to Verizon (VZ) 100% shares of TracFone, one of its subsidiaries in the United States, for $ 6.250 million, which prompted a sharp jump in its titles in the local market. “data-reactid =” 23 “> The Mexican América Móvil (AMXL) said Monday that it agreed to sell to Verizon (VZ) 100% shares of TracFone, one of its subsidiaries in the United States, for $ 6.250 million, which prompted a sharp jump in their titles in the local market.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="La operación, que concluiría durante el próximo año, It includes half of the payment in cash and the rest in Verizon securities, América Móvil detailed, the largest mobile operator in Latin America, it’s a statement. “data-reactid =” 24 “> The operation, which would conclude during the next year, It includes half of the payment in cash and the rest in Verizon securities, América Móvil detailed, the largest mobile operator in Latin America, it’s a statement.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="Tras el anuncio, América Móvil shares in the Mexican stock market they rose 4.94% to 14.03 pesos, a level not seen since August 24, leading the increases of the day in the local market. “data-reactid =” 25 “> After the announcement, América Móvil shares In the Mexican stock market they rose 4.94% to 14.03 pesos, a level not seen since August 24, leading the increases of the day in the local market.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="“The transaction itself creates value for shareholders“Said analysts from the financial group Banorte in a note to clients. “The divestiture of TracFone could boost the consolidated profitability of América Móvil”. “Data-reactid =” 26 “>“The transaction itself creates value for shareholders“Said analysts from the financial group Banorte in a note to clients. “The divestiture of TracFone could boost the consolidated profitability of América Móvil.”

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="As part of the agreement, Verizon also agreed to pay the Mexican company up to $ 500 million if TracFone continues to meet certain operating goals (earn-out) for a maximum period of 24 months after the conclusion of the operation. “data-reactid =” 27 “>As part of the agreement, Verizon also agreed to pay the Mexican company up to $ 500 million if TracFone continues to meet certain operating goals (earn-out) for a maximum period of 24 months after the conclusion of the transaction.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="“El cierre de esta adquisición está sujeto a ciertas condiciones comunes para este tipo de operaciones, incluyendo la obtención de las autorizaciones gubernamentales requeridas. The parties estimate that the closing of the transaction will occur during 2021“, Estimated América Móvil, of the Mexican magnate Carlos Slim.” Data-reactid = “28”> “The closing of this acquisition is subject to certain common conditions for this type of operations, including obtaining the required government authorizations. The parties estimate that the closing of the transaction will occur during 2021“, Estimated América Móvil, of the Mexican magnate Carlos Slim.

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0.8em)–sm" type="text" content="TracFone Wireless es el operador virtual de servicios móviles de prepago más grande de Estados Unidos, donde presta servicios a 21 million subscribers. “data-reactid =” 29 “> TracFone Wireless is the largest virtual operator of prepaid mobile services in the United States, serving 21 million subscribers.

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