Chances of Mexico's America Movil coming to Canada are slim, says analyst

TORONTO – While one analyst made waves yesterday predicting the potential Canadian entry of Mexican wireless giant America Movil, another today says such a move is unlikely.UBS Securities analyst Philip Huang was quoted in the Globe and Mail yesterday saying the company (headed by Carlos Slim, considered to be the world’s richest man) which has over 220 million customers has asked the incumbent Canadian operators what sort of arrangements can be made so that America Movil (AMX) can launch as an MVNO (mobile virtual network operator) here.An MVNO sees a competitor basically rent space from a network owner and then...