February 3, 2010 / 3:40 PM / 10 years ago

America Movil not planning US infrastructure buy

MEXICO CITY, Feb 3 (Reuters) - America Movil (AMXL.MX) (AMX.N), the largest cellphone operator in Latin America, is not planning to buy infrastructure in the United States, executives said during a conference call with analysts on Wednesday.

Last year, America Movil’s U.S. unit TracFone Wireless teamed up with Wal-Mart Stores Inc (WMT.N) to offer a cut-price wireless service using Verizon Wireless’ network.

That venture has increased pressure on other low-cost carriers, like Leap Wireless International Inc LEAP.O, MetroPCS Communications Inc PCS.N and Sprint Nextel Corp’s (S.N) Boost Mobile. (Reporting by Noel Randewich, editing by Gerald E. McCormick)

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