Ecuador Rejects America Movil Concession

The Ecuadorean government has rejected America Movil’s $307m offer to maintain its mobile phone concession in the Andean country, according to Senatel, the country’s telecoms regulator. The Mexico-based firm, which operates in Ecuador through its Porta subsidiary, will continue to do so until August of this year, when the concession expires, Senatel says. Telefonica’s Movistar pledged $200m to maintain its concession in Ecuador, where it has 26% market share, the regulator says. Porta controls almost 70% of the market. A spokeswoman at America Movil declines to comment, adding that the company has not being officially notified of the measure.