América Móvil (AMX) announced investments in Capex for 8 billion 500 million dollars by 2019 in Mexico and Latin America.
América Móvil will invest in Mexico 8.5 billion dollars in 2019
Daniel Hajj, CEO of the company, said they will be investing mainly in fiber optic development, as it is increasingly necessary to meet the demand for data that users of their networks do.
Another part of this investment, he added, will have the objective of taking the company along the path of digital transformation through information technologies that will improve, at lower cost, the quality of its networks.
"We anticipate 8.5 billion dollars by 2019, which is what we are going to invest in fiber throughout Latin America. Fiber is important for us mainly to increase data capacity."
"In data, we are putting a new technology that gives greater capacity to lower costs, also much in information technologies for the digital transformation of the company in all countries, we will also invest in coverage and networks such as 4.5G", said the executive.
During his conference with analysts after his quarterly report presented yesterday, Daniel Hajj said that they are still waiting for the resolution of the Federal Institute of Telecommunications (IFT) regarding the request made to change their concession title to offer the service of TV.
Without giving further details, Hajj said that when they will be granted the change, they are prepared to offer packaged services as they have a lot of experience in other Latin American countries where they do offer pay TV through their Claro brand.