América Móvil expects to cover 100 cities in Mexico with 5G this year


The telecommunications giant America Movil said this Wednesday that he hopes to cover with technology 5G some 100 cities in Mexico by the end of the year.

América Móvil, controlled by the family of the Mexican billionaire Charles Slimannounced in February the launch of its 5G network in 18 locations in the country, with a planned investment of 1.8 billion dollars.

At the time, the company said it aimed to cover 120 cities by the end of 2022 to kick off what regulators have said will become the largest commercial network for the new technology in Latin America.

In addition to Mexico, the firm has launched some 5G services in the Dominican Republic and Peru, detailed the general director, Daniel Hajon a call with analysts about first-quarter results.

It is working well. I think 5G will give us better ARPU (average revenue per user) for our potential customers,” he said.

Hajj detailed that the company’s strategy with the new technology was to “get more for more,” meaning customers pay more for 5G data, but clarified that plans could vary by country.

The executives also said that the company’s capital expenditures will reach $8 billion in 2022, the same figure as in 2021.

América Móvil shares fell 1.5% this Wednesday morning after the release of its quarterly results on Tuesday.



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