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By Kate Holton
LONDON, July 16 (Reuters) - Britain's Vodafone saidit was unlikely to be interested in telecom assets being put upfor sale in Mexico by tycoon Carlos Slim's America Movil since a deal would not fit with its focus on thecorporate market in Latin America.
America Movil has pledged to sell unspecified assets, whichanalysts say could include mobile subscribers and spectrum, tocut its market share in Mexico below 50 percent and escapetougher regulations.
Slim said in an interview with Reuters last week that thegroup would aim to sell an "attractive" cross-section of thecompany to attract a buyer that was not already present inMexico.
The announcement has set off speculation as to which globaltelecom companies might make a move into Mexico, with analystslisting AT&T and Vodafone as possible contenders.
Asked if Vodafone was looking at Mexico, Chief ExecutiveVittorio Colao told Reuters at an event late on Tuesday: "Idoubt it to be honest; it's not an area we're working on".
"We are going into new areas of the world, but just to serveour enterprise customers," said Colao, referring to Vodafone'sbusiness selling communication services such as cloud computingand global mobile plans to multi-national corporations.
Colao said the business model in Vodafone's enterprise unitwas to partner with local carriers in markets where the companywas not present, or to rent space on a local network.
Vodafone, the world's second-largest mobile operator, ownsits own networks across Europe where its biggest market isGermany, as well as emerging markets, but has not traditionallybeen a player in Latin America.
"I have to put my money into India, into Europe and intoAfrica. That is where the money is going," said Colao.
In February this year, Vodafone completed the sale of astake in U.S. carrier Verizon Wireless for $130 billion,which has enabled it to return cash to shareholders and investin its remaining businesses.
As part of the programme, it has snapped up fixed-lineassets in Spain and Germany to offer more services to customers.
Shares in Vodafone are down 20 percent since the start ofthe year due to tough trading in its core markets, waningspeculation that AT&T would consider a bid for the British groupand as investors sold their stock following the return of cashfrom the U.S. exit.
In Mexico, America Movil controls some 70 percent of themobile market, far ahead of rivals Telefonica andIusacell, and also holds 80 percent of the fixed-line business. (Reporting by Kate Holton; writing by Leila Abboud; editing byTom Pfeiffer)
