Boston, MA 09/18/2014 (wallstreetpr) – According to reports, AT&T Inc. (NYSE:T) recently met with Mexican Telecommunication Regulators in order to discuss domestic and international market condition. The meeting was in relation with T’s intention to take its services to the international market and tap more customers than its rivals. The meeting was led by John Stankey, Chief Strategy Officer of AT&T Inc. (NYSE:T), who would present a proposal during the board meeting on the basis of his meeting with Mexican Telecom. Officials.
Insights of the meeting:
AT&T Inc. (NYSE:T) has published a disclosure on its website, in which it has revealed that Karim Antonio Lesina, Vice President of international external affairs of AT&T Inc. (NYSE:T) and Stankey had a meeting with Gabriel Contreras, President Federal Telecommunications Institute. Along with Contreras, there were other governors also available during the meeting that took place on September 4, 2014. Both the parties discussed various laws that were passed earlier this year in order to spur competition and ignite investments in the Mexican market.
AT&T Inc. (NYSE:T) is one of those companies that have been contacted by America Movil SAB owned by billionaire Carlos Slim. As per the reports, it’s looking forward to selling a part of its network in Mexico and for the same reason it wants to get in touch with the companies familiar with this matter. A few people close to this matter revealed that America Movil, the largest carrier service provider company of the country wanted to sell a few assets along the east coast of Mexico. The company expects to generate around $17.5 billion through this sell transaction. All those who gave this information refused to reveal their identity as this matter was very private.
The main reason behind America Movil SAB’s move to sell its assets in Mexico is nothing but the revamped laws of the country. These laws force the company to share its infrastructure and cut down its fees as long as it functions at the largest carrier of the country.