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Mexican mogul Carlos Slim has offered out US phone operator AT&T’s $6 billion stake in telecommunications firm the use Moil, the corporate introduced Friday.

The acquisition of AT&T’s shares within the company characterizes 8.27 pic of America Moil’s capital inventory, according to a company observation. “Upon consummation of the transaction licensed today by way of the board of directors, AT&T will no longer be a shareholder of the use Moil,” it delivered.