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SlimOs expansionist America Movil has offered to buy the remaining chunk of Telmex for 10.50 Mexican pesos a share (USUSD7.60), 11% above TelmexOs trading price in early August when the acquisition was announced.
Azcarraga plans to use the agreement to compete against Carlos SlimOs America Movil SAB for customers in Mexico, he said.
Iusacell, which filed for bankruptcy protection last year, gets new funding after struggling to gain market share against billionaire Carlos SlimOs America Movil SAB.