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By Reuters Staff
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FILE PHOTO: The logo of America Movill is seen on a wall at the company s corporate offices in Mexico City, Mexico March 14, 2018. REUTERS/Carlos Jasso
MEXICO CITY (Reuters) - Mexican telecoms company America Movil expects to spend $8 billion in capital expenditures in 2021, company executives said on Wednesday.
The planned investment will include the purchase of 5G frequencies, Chief Financial Officer Carlos Garcia Moreno told analysts on a conference call following the company’s fourth-quarter earnings.
“For this year, we are around $8 billion, including what we are going to buy on frequencies for 5G,” Garcia Moreno said.