Under agreement with Motorola, Telefonica Moviles plans to take m...
Under agreement with Motorola, Telefonica Moviles plans to take management control of Mexican cellular operators Bajacel, Movitel, Norcel and Cedetel. Companies, which operate in northern Mexico, will be acquired shortly by Telefonica Moviles, terms not disclosed. Motorola owns 100%…
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of all operators except Movitel, in which it has 10%. Together, companies cover area with 20 million population. Telefonica Moviles said it was taking management control of 4 units while regulatory approval of acquisitions was pending. Approval process is expected to be completed in first half, companies said. Purchase agreement was reached in Oct. by Telefonica, Telefonica Moviles, Motorola.