Movistar Mexico sold off certain non-core fibre-optic assets at the end of 2018, El Economista reports. The business daily notes that Movistar subsidiary Pegaso PCS quietly transferred unspecified network assets to Even Telecom and Neutral Networks, a pair of companies owned by Latin American private equity firm Southern Cross Group. The sales received full approval from the Federal Telecommunications Institute (Instituto Federal de Telecomunicaciones, IFT).
According to their respective websites, Even Telecom and Neutral Networks already preside over telecoms infrastructure in Mexico; the former owns 21,000km of fibre alongside 8,500 cell towers, while Neutral owns 1,850km of fibre and 176 cell towers.
TeleGeography notes that Telefonica is currently understood to be considering exiting Mexico – as well as its Central American markets – as it seeks to raise funds and reduce its debt pile.