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The sale of the unit was made to Melisa Acquisition LLC, which is a group made up of OXIO Inc. and Newfoundland Capital Management, and aligns with Telefonica’s broader strategy of exiting the region.
A telecommunications reform in Mexico in 2014 had lifted international companies’ hopes that they could loosen Slim’s grip on his home market. But both AT&T and Telefonica have for years complained that the measures imposed by the telecom regulator were not enough to improve competition.
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