Highly placed sources in the telecoms industry say America Movil's entry into the local market is a direct response to Digicel's incursion into Central America, which has, for years, been the playground for AMX, owned by multi-billionaire Carlos Slim, now estimated as the richest man in the world.

Last August, AMX inked the deal to acquire MiPhone from Oceanic Digital and has already put in place the switch that will allow it to convert its technological platform from CDMA, currently used by the newly capitalised firm, to GSM used by the two larger players in the market, according to well-placed sources....

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