www.WirelessFederation.com/news: Cost cutting has become a regular lingo of the industries nowadays with Grupo Iusacell SA, a Mexican mobile phone company been the latest to sing the tune. The company announced that the company is planning to delist its shares from the Mexican stock market to cut costs.

Iusacell is Mexico’s third-largest mobile operator with 3.6 million subscribers at the end of the third quarter, for a market share by subscribers of 4.4%.

A meeting of the shareholders has been called on December 30 to vote for the proposal. The company also said that 95% of its shareholders have already expressed their intention of supporting the decision. After the approval of the delisting the company plans to carry out an offer to purchase outstanding shares.