América Móvil

América Móvil

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América Móvil, S.A.B. de C.V
Type Sociedad Anónima Bursátil de Capital Variable
Traded as BMV: AMX
NYSE: AMX
NASDAQ: AMOV
BMAD: AMXL
Industry Telecommunications
Founded 2000
Headquarters Mexico City, Mexico
Area served South America/North America
Key people Patrick Slim, (Chairman)
Daniel Hajj Aboumrad, (CEO)
Products Fixed-line and mobile telephony, broadband and fixed-line internet services, digital television, IT and network services
Revenue increase US$ 49.282 billion (2010)[1]
Operating income increase US$ 12.349 billion (2010)[1]
Net income increase US$ 8.018 billion (2010)[1]
Total assets increase US$ 71.079 billion (2010)[1]
Total equity increase US$ 24.943 billion (2010)[1]
Employees 148,058 (2011)
Subsidiaries Telmex, Claro, Telcel, TracFone Wireless
Website www.americamovil.com

América Móvil (BMV: AMX / NYSE: AMX / NASDAQ: AMOV / BMAD: AMXL) is a Mexican telecommunication company headquartered in Mexico City, Mexico. It is the fifth largest mobile network operator in terms of equity subscribers and one of the largest corporations in the world. América Móvil is a Fortune 500 company. A venture of Carlos Slim, América Móvil provides services to 246 million mobile subscribers in 18 countries.[2]

Contents

Company information

The company's world headquarters are located in Mexico City, Mexico. Its Mexican subsidiary Telcel is the largest mobile operator in Mexico, commanding a market share in excess of 70 percent. In the United States, it operates under the trademarks TracFone, Net10, and Straight Talk, and is the leading national pre-paid wireless service. It operates in many countries in the Caribbean and Latin America such as Jamaica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, Peru, Argentina, Uruguay, Chile, Paraguay, Puerto Rico; Comcel Colombia in Colombia; and Porta in Ecuador. In Brazil it operates the trademark Claro.

América Móvil acquired 100 percent of Jamaican mobile operator Oceanic Digital, under the brand name MiPhone in August 2007.[3] On November 15, 2005, the company signed an international pact with Vodafone to jointly deliver various international services.[citation needed]

As of December 2010, the company was one of the top four telecommunications companies in the world and boasted 290,000 kilometres of fiber optic cable, making it the largest in infrastructure.[4]

Telmex acquisition

In January 2010, it made an offer to buy Carso Telecom and Telmex International in order to better compete against [[Spain's Telefonica. The acquisition was approved by the CFC (Comisión Federal de Competencia) Antitrust Office in Mexico on February 11, 2010.

Spanish Móvil was once the mobile arm of Telmex, but since 2001 América Móvil was split off and grew bigger than the former parent company.[5]

América Móvil global wireless customers

As of January 2010:[6]

  • Global Wireless Customers 211,296,669

América Móvil in the World

América Móvil in the World

América Móvil Wireless Technology by Country

South America

Caribbean

Central America

North America

See also

Portal icon Mexico portal
Portal icon Companies portal


External links

References

  1. ^ a b c d e "Financial Tables". Yahoo Investor Relations. Yahoo! Inc.. http://finance.yahoo.com/q/is?s=AMX+Income+Statement&annual. Retrieved July 5, 2010. 
  2. ^ Preuschat, Archibald (8 May 2012). "Carlos Slim Eyes Increased KPN Stake". Wall Street Journal. http://online.wsj.com/article/SB10001424052702304363104577391712958166238.html?mod=djemTECH_h. Retrieved 8 May 2012. 
  3. ^ AMX buys Jamaican operator Oceanic Digital
  4. ^ Buzz in the air as AMX comes of age
  5. ^ WSJ.com
  6. ^ "2009.pdf (application/pdf Object)". americamovil.com. http://www.americamovil.com/amx/en/cm/reports/Y/2009.pdf. Retrieved 26 January 2011. 
América Móvil Group
Claro-branded
Telmex-branded
Other AMX Group brands
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