COPENHAGEN-BASED Receives $167Million Offer from Amagen

America Movil-Telefonica Not Reaches Deal Yet

El Salvador’s competitor’s authority stated on Wednesday its assessment of Mexican telecoms agency America Movil’s bid to amass the fundamental unit of Spain’s Telefonica had not but been concluded as a result of it didn’t have all the necessary data.

On Tuesday, the Superintendence of Competitors (SC) stated the bid by America Movil, which is managed by the household of Mexican billionaire Carlos Slim, was “inadmissible” and that the corporate had been knowledgeable of choice.

Nonetheless, an SC spokeswoman mentioned on Wednesday that the authority had been unable to investigate the bid as a result of it “didn’t embrace all the knowledge required by regulation” and the method was nonetheless open.

The competitor’s authority has stated that America Movil had on Might 15 signaled that it could train its proper to start a brand new try to win approval for the Telefonica buys.

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