America Movil says ready to launch 5G in Mexico; plans to sell Tracfone this year

FILE PHOTO: The logo of America Movil is pictured on the wall of a reception area in the company's corporate offices in Mexico City, Mexico, May 18, 2017. REUTERS/Edgard Garrido/File Photo

MEXICO CITY (Reuters) - Mexican telecommunications company America Movil said on Wednesday it was "ready" to launch a 5G market in Mexico and it expects to close a deal to sell its TracFone unit by year-end.

Verizon said last year it would buy prepaid mobile phone provider TracFone, a unit of America Movil that serves about 21 million customers, in a more than $6 billion acquisition. The attorneys general of 16 U.S. states and the District of Columbia urged the FCC to thoroughly investigate the deal.