|América Móvil logo|
|Sociedad Anónima Bursátil de Capital Variable|
|Headquarters||Plaza Carso, Mexico City, Mexico|
|South America, North America|
Carlos Slim Helú, (Chairman)|
Daniel Hajj Aboumrad, (CEO) Iran Campbell Jr, (General Manager)</td></tr>
|Products||Fixed-line and mobile telephony, broadband and fixed-line internet services, digital television, IT and network services</td></tr>|
|Revenue||11px US$ 59.3 billion (2012)</td></tr>|
|#redirect Template:If affirmed||11px US$ 7.1 billion (2012)</td></tr>|
Number of employees
|Subsidiaries||Page Plus Cellular, Telmex, Claro, Telcel, TracFone Wireless.</td></tr>|
The company's world headquarters are located in Mexico City, Mexico. Its Mexican subsidiary Telcel is the largest mobile operator in that country, commanding a market share in excess of 70%. The company operates under its Claro subsidiaries in many countries in Latin America and the Caribbean, these include Jamaica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, Peru, Argentina, Uruguay, Chile, Paraguay, Puerto Rico, Colombia and Ecuador. In Brazil it also operates Claro and other subsidiary Embratel. It owns 30% of KPN Telecom in the Netherlands and has done a bid on 100% of the shares. Since September 2012 it owns 23% of Telekom Austria.
América Móvil acquired 100% of Jamaican mobile operator Oceanic Digital, under the brand name MiPhone in August 2007. On November 15, 2005, the company signed an international pact with Bridge Alliance to jointly deliver various international services.
In the United States, it operates through its subsidiary TracFone Wireless, Inc. under the brands TracFone, NET10 Wireless, Straight Talk, SIMPLE Mobile, Telcel América, Page Plus Cellular and Total Wireless. It is one of the leading national pre-paid wireless service provider in the U.S.
As of December 2010[update], 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.
With annual sales of over $47 billion (As of April 2012[update]), the company is currently the largest company in Mexico by revenue, more than the next five largest companies combined.
With annual profits of over $5 billion (As of April 2012[update]), the company is currently the most profitable company in Mexico, more than the next three most profitable companies combined.
With assets of over $67 billion (As of April 2012[update]), the company is currently the largest company in Mexico by assets with Banorte very closely behind them with assets of over $59 billion (As of April 2012[update]) It is highly likely that the company will buy a group of companies with at least $29 billion in assets in 2013 in the pension, insurance, payroll, currency exchange and mutual funds industries to secure their position as the most asset rich company in Mexico.
With a market value of over $93 billion (As of April 2012[update]), the company is currently the most valuable company in Mexico, more than the next three most valuable companies combined.
Lack of competition in telecommunications in Mexico is estimated to cost the economy of Mexico $25 billion a year, although this finding has been disputed by economists and academics such as Hausman & Ros, where the authors conclude the opposite: there was in fact a consumer surplus of $4 – $5 billion USD with respect to comparable countries.
In January 2010, it made an offer to buy Carso Telecom and Telmex International in order to better compete against Spain's Telefonica and Malaysia's Telekom Malaysia. The acquisition was approved by the CFC (Comisión Federal de Competencia) Antitrust Office in Mexico on February 11, 2010.
América Móvil had once been Telmex' mobile division, but since its spinoff in 2001 it had grown far larger than its former parent.
América Móvil global wireless customers
As of Dec 2014:
América Móvil in the world
América Móvil wireless technology by country
KPN acquisition attempt
In early August 2013, América Móvil offered to take over the remaining 70% stake of the Dutch telecommunications company KPN for 7.2 billion Euros ($9.49 billion). América Móvil currently owns close to 30% of KPN. The Dutch government has warned against this acquisition quoting it as a threat to national security. The Dutch government’s intervention comes after the council representing employees of KPN urged authorities to halt América Móvil’s planned bid.
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