Telefonica Said to Seek Iusacell Mexico Merger to Fight Slim
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Telefonica SA is in talks to combine its Mexico operations with Grupo Iusacell SA to form a bigger mobile-phone competitor to billionaire Carlos Slim’s America Movil SAB, people with knowledge of the matter said.
The two sides have yet to decide which company would control the combined mobile-phone carrier, said one of the people, who asked not to be identified because the discussions are private. Iusacell is co-owned by Mexican broadcaster Grupo Televisa SAB and by billionaire Ricardo Salinas.