MEXICO CITY, Oct 21 (Reuters) - America Movil chief government officer, Daniel Hajj, mentioned on W
MEXICO CITY, Oct 21 (Reuters) – America Movil chief government officer, Daniel Hajj, mentioned on Wednesday that the telecoms large will cut back capital expenditure to $6 billion in 2020, down from the $8.5 billion foreseen initially of the yr.
“We’re going to cut back the capex from our unique quantity this yr, as a result of execution within the lockdown was very troublesome” Hajj mentioned in a name following the third-quarter earnings on Tuesday.
Hajj added that some non-essential initiatives had been additionally canceled or delayed.
(Reporting by Abraham Gonzalez; Modifying by Anthony Esposito)
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