America Movil, controlled by the family of Mexican billionaire Carlos Slim, received more than $3.6 billion in cash from the sale of pre-paid mobile phone provider TracFone and nearly 57.6 million shares of Verizon, the company said in a statement filed to the Mexican stock exchange.
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America Movil closes sale of TracFone to Verizon, eyes more buybacks
America Movil closes sale of TracFone to Verizon, eyes more buybacks
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