Telesites, the new telecoms infrastructure firm to be created by Mexican telecoms giant America Movil will have a market share of 43 percent in the local telecommunication towers market, El Economista reports. Rival operator American Towers currently has approximately 34 percent of the market. On 17 April, shareholders of America Movil approved the company's plans to spin off some of its mobile infrastructure in Mexico into the new company Telesites. America Movil said that current shareholders would receive the same number and series of Telesites shares as they had in America Movil. Telesites would be listed separately on the stock market.
America Movil aims to complete the spin-off by May or June, the company's CEO Daniel Hajj previously said during a conference call with investors in February.
Telesites to Dominate Mexico Telecoms Towers Market
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