America Movil contacts AT&T, Softbank, others for telecom infrastructure sale
America Movil, the largest wireless communication provider in Latin America, has sounded out interest of potential buyers of its telecommunication infrastructure including AT&T [NYSE: T], the US telecommunication giant, and Softbank [TYO: 9984], which scrapped a plan to purchase T-Mobile US [NYSE: TMUS] last month, according to a newswire report.
The infrastructure includes the one located in the east coast area in Mexico, and the sale value is estimated to reach as much as USD 17.5bn, Bloomberg reported, citing unidentified people familiar with the situation. The Mexican company has contacted AT&T and Softbank as well as China Mobile Ltd. [HKG: 0941] and Bell Canada, a unit of BCE Inc. [TSE: BCE], the report said.
The sale value could be 5 to 7 times of its USD 2.5bn EBITDA, reaching as much as USD 17.5bn, according to the report. America Movil has not launched an auction for the sale, as the company has not disclosed enough information yet on the telecommunication infrastructure, the Bloomberg report said.
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