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Mexico's foreign direct investment jumped by a quarter in 2015

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  • Feb 21, 2016
MEXICO CITY Feb 21 Foreign direct investment (FDI) in Mexico rose by a fourth last year to reach 28.382 billion pesos ($1.56 billion), the country's economy ministry said in a statement on Sunday.Mexico's FDI in 2014 totaled about 22.57 billion pesos. The ministry said the stronger 2015 FDI was due to U.S. telecoms company AT&T Inc paying more than $2 billion to acquire Mexican wireless operators Iusacell and Unefon, as well as the purchase of Vitro's glass container business by U.S.-based Owens-Illinois Inc for about $2.15 billion. The United States accounted for about 53 percent of total FDI last year, followed by Spain, Japan and the Germany. ($1 = 18.2288 Mexican pesos) (Reporting by David Alire Garcia; Editing by Jonathan Oatis)
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