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| Type | Public (BMV :AMX NYSE: AMX NASDAQ: AMOV BMAD:AMXL) |
|---|---|
| Founded | (2000) |
| Headquarters | |
| Key people | Patrick Slim, (Chairman) Daniel Hajj Aboumrad (CEO) |
| Industry | Telecommunications |
| Products | Fixed & Mobile telecommunications Internet services Cable television |
| Revenue | ▲ US$ 29.8 billion (2009) |
| Net income | ▲ US$ 5.3 billion (2009) |
| Employees | 41,000 |
| Website | www.americamovil.com |
América Móvil (BMV :AMX / NYSE: AMX / NASDAQ: AMOV / BMAD: AMXL) is a holding company forming the fourth largest mobile network operator in terms of equity subscribers, one of the largest corporations in Latin America, and the world. America Movil is a Fortune 500 company. A venture of Carlos Slim Helú, América Móvil provides services to over 201 million wireless subscribers in the Americas, primarily in Spanish America and the Caribbean.[1]
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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 per cent. In the United States, it operates under the trademarks TracFone and StraightTalk, and is the leading national pre-paid wireless service. In Spanish America it operates in Chile, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, Peru, Argentina, Uruguay, Paraguay, Puerto Rico; Comcel Colombia in Colombia; and Porta in Ecuador. He is still present in Jamaica, and 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.[2]. On November 15, 2005, the company signed an international pact with Vodafone to jointly deliver various international services.[citation needed]
In January 2010 America Movil the largest mobile Telco in Spanish America made an offer to buy Telmex 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 11th, 2010.
America Movil was once the mobile arm of Telmex, but since 2001 America Movil was split off and grew bigger than the former parent company.[3]
As of December 2008 [2],
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