America Movil hoping to join Columbian LTE party
The chief executive of Latin American telecoms giant America Mobil has said that he believes that the company will not face exclusion from an upcoming bidding round for LTE spectrum in Colombia.
Reports on Total Telecom suggest that Colombian officials are looking to omit America Movil on competition grounds. Operating under its operating brand Claro, in September the company had a 61.47 per cent market share in the country, according to Informa WCIS stats.
America Movil CEO Daniel Hajj was unhappy at the approach of those who said were looking to use legal means rather than market competitiveness to build market share.
“We have been doing a lot of investment in technology, and coverage,” he said. “We have been investing and executing very well.” “What you need is investment, and to have those investments the country needs certainty, legal security, and if you have those things then the investments are going to come.”
Hajj said he also hoped that the Columbian government would not introduce market share caps.
America Mobil has just enjoyed positive quarterly results with a foreign exchange gain of 9.0bn peso contributing greatly to a sharp increase in the firm’s net profit. At 30.6bn pesos, it was twice as high as in the previous quarter and surpassed the 18.33bn peso profit of the same quarter a year ago by 67 per cent.