MEXICO CITY (Reuters) – Mexican telecommunications giant America Movil will propose reclassifying three of its share series to shareholders, the company said Tuesday.

The “AA,” “A” and “L” share series would become part of the company’s “B” series, it said in a filing. The change would require amending the company’s bylaws and will be subject to regulatory authorization, America Movil said.

(Reporting by Kylie Madry, Editing by Isabel Woodford)