1239 ET - Telecommunications company América Móvil plans to lower its capital expenditures this year from around $7.2 billion in 2024 as economies slow. "We've been investing a lot in 5G, in the last three years a lot in fiber and IT. We have our cloud and data centers all in place so that gives us a chance this year with the slowdown to reduce Capex to $6.7 billion," chief executive Daniel Hajj tells analysts in a conference call. The executive says América Móvil is open to considering acquisitions in Latin America, referring to Spain's Telefónica selling assets in the region. "We're aware of that and open if something fits América Móvil's strategy," he says. (anthony.harrup@wsj.com)
(END) Dow Jones Newswires
April 30, 2025 12:40 ET (16:40 GMT)
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