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Report: Slim looks into selling minority stake in Telesites

Business magnate Carlos Slim is reportedly in talks with private equity firms, sovereign wealth funds and infrastructure funds to sell a minority interest in Telesites SAB de CV, Reuters reported May 26, citing people familiar with the matter.

Telesites is a Mexican wireless tower company that was spun off from América Móvil SAB de CV and is a major competitor of American Tower Corp.

According to the report, Telesites has not attracted tower tenants aside from America Movil and its mobile unit Telcel since the company's spin off in December 2015.