JCDecaux and América Móvil to create a Joint Venture by merging their OOH businesses in Mexico
28/06/2017
GLOBENEWSWIRE
France’s JCDecaux will create a joint venture with Mexican telecommunications group America Movil, it said on Tuesday, as part of the outdoor advertising company’s drive to expand in Latin America. The two groups will merge their out of home (OOH) advertising businesses, with JCDecaux holding 60 percent of the new company, JCD Out Of Home Mexico, and the rest held by a wholly owned subsidiary of America Movil.
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