America Movil sets spending targets and eyes new acquisitions following Telefonica Chile sale
America Movil plans to spend 15 percent of revenue on growth while seeking new deals. This follows the sale of Telefonica Chile to rivals for $1.2 billion.
Insights:
América Móvil, S.A.B. de C.V. has set a preliminary capital expenditure target of 14% to 15% of revenues for 2026 and subsequent years, marking a strategic shift in its financial planning. This move follows the finalized $1.2 billion sale of the unit in Chile 
CL belonging to Telefónica, S.A. to the French holding company NJJ and Millicom International Cellular S.A. , which is based in Luxembourg 
LU. The sale was completed just before the post-quarter financial call of the company, leading executives to announce that funds previously set aside for a joint bid will now be redirected toward debt reduction and other acquisition opportunities.
CL belonging to Telefónica, S.A. to the French holding company NJJ and Millicom International Cellular S.A. , which is based in Luxembourg LU. The sale was completed just before the post-quarter financial call of the company, leading executives to announce that funds previously set aside for a joint bid will now be redirected toward debt reduction and other acquisition opportunities.In response to the new market landscape, executives Carlos Garcia, Daniel Hajj, and Carlos Slim stated that the company will invest to remain competitive in the Chilean market. The acquisition of the Telefónica Chile unit by NJJ and Millicom is expected to influence the positioning of other regional players, including Entel and the Brazilian internet provider Desktop. The decision to reallocate capital is intended to strengthen the balance sheet while maintaining the flexibility needed for future regional M&A and market consolidation.
