March 21, 2018 / 2:03 AM / in 8 months

America Movil plans up to 3 billion pesos in share buybacks

A man takes a picture of the logo of America Movil at the company's corporate offices in Mexico City, Mexico March 14, 2018. REUTERS/Carlos Jasso

MEXICO CITY (Reuters) - Mexican billionaire Carlos Slim’s America Movil said on Tuesday it plans to ask shareholders at an April meeting to approve up to 3 billion pesos ($160.56 million) in share buybacks between April 2018 and April 2019.

America Movil will also propose a dividend of 0.30 pesos per share, the company said in a filing with the Mexican stock exchange.

Reporting by Daina Beth Solomon; Editing by Sandra Maler

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