Mexico’s America Movil says proposes delisting from Nasdaq, Latibex

A man crosses a pedestrian bridge next to the headquarters of internet and fixed-line phone company Telmex, commercial brand of America Movil, in Mexico City

MEXICO CITY (Reuters) – Mexican telecoms giant America Movil <AMXL.MX> said on Tuesday its board will propose to shareholders that it delist its shares from the Nasdaq and Latibex stock exchanges, without giving any further information.

In a regulatory statement, America Movil also said it would offer shareholders the choice to receive the second part of their ordinary dividend in cash or in shares.

(Reporting by Noe Torres)