America Movil Says Mexican 5G Launch On Track

Mexican telecoms giant America Movil expects to launch 5G services in 90% of the countries where it operates this year and is optimistic about pay TV in Mexico despite a setback from the telecoms regulator, reported Reuters.

“I don’t have a specific date, but all over the year we’re working on a launch. I hope we can do it in the first semester of this year,” said America Movil Chief Executive Officer Daniel Hajj said about 5G on a call with investors.

Colombia is the only country where the company, which is controlled by the family of Mexican billionaire Carlos Slim, does not yet have spectrum for 5G, executives said.

“We hope that the government will speed up that option,” Hajj said. America Movil operates in at least 10 markets, mainly in Latin America.

The company on Tuesday reported that its fourth-quarter net profit more than tripled from the year-ago period, boosted by its sale of its TracFone wireless unit to Verizon Communications Inc (VZ.N). It posted a net profit of 135.6 billion pesos ($6.6 billion), compared with 37.3 billion pesos a year earlier.

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