América Móvil still keen on Spanish entrance

13 May 2005

The Latin American cellular operator América Móvil has said it still plans to enter Spain’s mobile market, despite having pulled out of the Spanish government’s auction of 10MHz of GSM wireless spectrum. Dow Jones reports that the company pulled out because the spectrum is being offered in three smaller packages rather than as a single block. América Móvil’s exit leaves four companies – the three incumbent GSM operators Telefónica, Vodafone and Amena, plus the Swedish-backed firm Tele2 – in the running for the new frequencies. The winners of the auction will be announced in mid-June.