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Mexican multibillionaire Carlos Slim to control the largest commercial 5G network in Latin America

RIO DE JANEIRO, BRAZIL - The Federal Institute of Telecommunications (IFT), the Mexican regulator of the sector, approved on Wednesday the modification of 18 concession titles of Telcel, owned by tycoon Carlos Slim, to offer 5G services, launching the largest commercial network in Latin America with this technology.

In a statement, the IFT said that for the use of the spectrum used, the state would receive special funds to pay fees amounting to more than 900 million pesos (us$43.9 million) per year, following the provisions of the Federal Law of Rights.

The regulator said that the plenary of the . . .

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