AT&T
has netted about $564 million in proceeds from selling 7.5% of the
stake it has in America Movil, which operates in Mexico.AT&T sold the shares between May 7 and June 4, according to documents filed with the U.S. Securities and Exchange Commission.
AT&T traditionally maintains a 9% stake in America Movil, and has two employees on the board. The company said it does not plan to sell its entire stake in America Movil.
