America Movil Targets Loan Refi

America Movil, the Mexican mobile phone company, is heard looking for a loan for between $1bn and $2bn. The loan is to refinance existing loans that are maturing, and for additional financing. Market participants expect the loan to have a 3-year maturity. The deal is said not to be event driven. The cash-rich telecom is rumored to be surveying Eastern Europe for possible acquisitions.