America Movil to offer MVNO services to Groupo Elektra

America Movil will offer MVNO services to Mexican finance and retail corporation Groupo Elektra.

The agreement will see the group launch mobile services under its Elektra subsidiary.

It marks the second MVNO agreement America Movil – which is owned by billionaire Carlos Slim – has signed in the last month.  

Last week, America Movil signed an MVNO deal with Axtel, settling long-running legal disputes over interconnection services.

The move also marks a change in relationship between billionaires Slim and Ricardo Salinas Pliego, who owns Elektra and broadcaster Azteca.

In 2011, Azteca discontinued all of Slim’s advertising as a result of a dispute over connection costs of luscacell, owned by Salinas Pliego at the time. In February 2015, Slim’s companies began advertising again on Azteca.

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