M&A Activity • Oct 4, 2017
M&A Activity
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Paris, 4 October 2017 – JCDecaux SA (Euronext Paris: DEC), the number one outdoor advertising company worldwide, and América Móvil, S.A.B. de C.V. ("AMX") (BMV: AMX / NYSE: AMX), the leading provider of integrated telecommunication services in Latin America, have announced today the completion of the creation of their joint venture for their outdoor advertising activities in Mexico. The new entity will ultimately be 60% controlled by JCDecaux and 40% by AMX.
This partnership will strengthen JCDecaux and América Móvil's footprint in Mexico's biggest cities and round out their product portfolio while aspiring to become major innovators in the country's outdoor advertising and media sector.
The Group will now operate over 15,700 advertising panels across Mexico with a wide range of street furniture in complementary formats, including bus shelters, CIPs (city information panels), traditional and digital billboards, buses, bridges and shopping malls.
+33 (0)1 30 79 34 99 – [email protected] Investor Relations: Arnaud Courtial +33 (0)1 30 79 79 93 – [email protected]
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