May 01 2009
EXCLUSIVE: América Móvil: Scarcity Value
América Móvil is cautiously optimistic in the face of regional recession. The main challenge for investors is sourcing its securities, which are tightly held and being repurchased.
by James Crombie
LatAm may be sinking into recession, but América Móvil sees further upside as more of the population gravitates to wireless for its only telephone service. The regional telecoms powerhouse continues to generate ample cash but is not in any rush to acquire other operators, either in LatAm or elsewhere.
“Mobile telephony seems to be a very defensive sector,” América Móvil’s chief financial officer Carlos García Moreno tells LatinFinance in an exclusive interview. “It’...
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