América Móvil, S.A.B. de C.V. announces that all prerequisites and implementation procedures for the spin-off of its telecommunications towers and other related infrastructure in specific Latin American nations have been met.
A new company called Sitios Latinoamérica, S.A.B. de C.V. has now received some of the assets, liabilities, and money that were transferred as a result of AMX’s spin-off, which its shareholders approved in 2021.
Mexican business Sitios Latam is apart from the leadership and capitalization of AMX. Construction, usage, and sale of towers and other structures for the installation of telecommunications equipment are the company’s primary commercial activities.
All wireless telecommunication service providers in the following Latin American nations will have access to and use of its towers: Argentina, Brazil, Chile, Costa Rica, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Panamá, Paraguay, Puerto Rico, and Uruguay.
According to applicable Mexican securities regulations issued by the CNBV1, AMX and Sitios Latam will publish a press statement containing pertinent information about Sitios Latam (including certain financial information) and the process of distributing its shares to AMX’s shareholders after receiving the CNBV’s and BMV’s required approvals for the registration and listing of Sitios Latam shares (which are in process).
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