August 23, 2017 / 11:43 PM / a year ago

America Movil announces roaming agreement with AT&T for Mexico users

MEXICO CITY (Reuters) - America Movil’s Telcel unit and AT&T have reached an agreement regarding roaming services in Mexico, America Movil announced on Wednesday.

The logo of America Movil is pictured on the wall of a reception area in the company's corporate offices in Mexico City, Mexico, May 18, 2017. REUTERS/Edgard Garrido

Under the agreement, Mexican mogul Carlos Slim’s America Movil (AMXL.MX) will offer AT&T (T.N) roaming services for its users in Mexico, America Movil said. Telefonica, the country’s other major carrier, already receives such services from America Movil.

Mexico’s Supreme Court handed America Movil a major victory last week, finding that it should not be barred by law from charging its rivals interconnection fees.

The ruling weakened a pillar of the 2014 telecommunications reform intended to lessen the dominance of America Movil, Latin America’s largest telecommunications firm by number of subscribers.

Reporting by Julia Love and Michael O'Boyle

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