...Stable Capital Structure: Fitch Ratings believes America Movil S.A.B. de C.V. (AMX) has sufficient flexibility and cash flow generation to achieve its long-term net leverage target of below 1.5x with existing operations. Considering 12 months of consolidation of Telekom Austria (TKA), net debt/EBITDA was 1.7x for the LTM ended Sept. 30, 2014. Given this, Fitch does not see an urgency to speed the Mexican asset divestiture other than avoiding regulations from being considered preponderant. No Divestiture Rush: Fitch expects a stable financial profile over the medium term regardless of the path taken by AMX, either to divest or keep the assets that make AMX preponderant in Mexico. A completion of the sale of these assets would be slightly positive to AMX creditors in the near term, as it would accelerate AMX's desire to meet its leverage target. The company's ratings would likely remain intact without the sale, however, as Fitch projects AMX's net leverage would fall below 1.5x by 2016, which...
