UPDATE 2-America Movil says 'flexible' on which assets will sell

martes 22 de julio de 2014 13:19 GYT
 

(Adds comments on sale report, from interview, share price)

By Christine Murray

MEXICO CITY, July 22 (Reuters) - Carlos Slim's America Movil said on Tuesday it was still "flexible" over which assets it would sell following an overhaul of Mexico's telecoms market, adding it would present its plan to the regulator once it had found a buyer.

Earlier this month, as tough new regulations against it were being finalized, America Movil surprised the market by saying it aimed to avoid the rules by selling a chunk of Mexico assets to a new, and likely foreign, competitor.

The telecoms overhaul was initiated by President Enrique Pena Nieto to drive competition in the sector, where Slim controls around 70 percent of the mobile market and more than 60 percent of landlines.

Asked how it would split off assets to sell, regionally or nationally, and whether it would include full-service telecoms, the company said it had nothing concrete.

"We want to be flexible and we want to understand what this new company would want," Chief Executive Daniel Hajj told a conference call on Tuesday. "We don't have a buyer today."

"We have some idea which companies ... (but) we are not talking with them at this stage," Hajj said.

The company aims to drop below 50 percent market share in Mexican telecoms to shed its "dominant" tag.   Continuación...