América Móvil

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América Móvil, S.A.B. de C.V
Type Sociedad Anónima Bursátil de Capital Variable
Traded as BMVAMX
NYSEAMX
NASDAQAMOV
BMADAMXL
Industry Telecommunications
Founded 2000
Headquarters Plaza Carso, 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$ 59.3 billion (2012)[1]
Net income Increase US$ 7.1 billion (2012)[1]
Employees 158,694
Subsidiaries Page Plus Cellular, Telmex, Claro, Telcel, TracFone Wireless.
Website www.americamovil.com

América Móvil is a Mexican telecommunication company headquartered in Mexico City, Mexico. It is the fourth largest mobile network operator in terms of equity subscribers and one of the largest corporations in the world. América Móvil is a Forbes Global 2000 company. A venture of Carlos Slim, América Móvil provides services to 246 million mobile subscribers in 18 countries.[2]

Company information[edit]

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. The company operates in many countries in Latin America and in the Caribbean including: Jamaica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, Peru, Argentina, Uruguay, Chile, Paraguay, Puerto Rico, Colombia and Ecuador under Claro subsidiaries. In Brazil it also operates under the trademark 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.[3]

América Móvil acquired 100 percent of Jamaican mobile operator Oceanic Digital, under the brand name MiPhone in August 2007.[4] On November 15, 2005, the company signed an international pact with Vodafone to jointly deliver various international services.[citation needed]

In the United States, it operates through its subsidiary TracFone Wireless under the brands TracFone, NET10 Wireless, Straight Talk, SIMPLE Mobile and Telcel América. It is one of the leading national pre-paid wireless service provider in the U.S.

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.[5]

With annual sales and profits of over $47 billion,(As of April 2012), 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), 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) 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) 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), the company is currently the most valuable company in Mexico, more than the next three most valuable companies combined.

In September 2013, AT&T announced it would expand into Latin America through a partnership with America Movil.[6]

Cost[edit]

Lack of competition in telecommunications in Mexico is estimated to cost the economy of Mexico $25 billion a year.[7] [8]

Telmex acquisition[edit]

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.

América Móvil was once the mobile arm of Telmex, but since 2001 América Móvil was split off and grew larger than the former parent company.[9]

América Móvil global wireless customers[edit]

As of June 2012:[10]

North America
Central America and The Caribbean
South America
Global wireless customers 251.8 million

América Móvil in the world[edit]

América Móvil in the World

América Móvil wireless technology by country[edit]

South America[edit]

Caribbean[edit]

Central America[edit]

North America[edit]

KPN acquisition attempt[edit]

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.[11]

See also[edit]


References[edit]

  1. ^ a b "Financial Tables". Yahoo Investor Relations. Yahoo! Inc. Retrieved July 5, 2010. 
  2. ^ Preuschat, Archibald (8 May 2012). "Carlos Slim Eyes Increased KPN Stake". Wall Street Journal. Retrieved 8 May 2012. 
  3. ^ Telekom Austria Unternehmensportal: Aktionärsstruktur
  4. ^ AMX buys Jamaican operator Oceanic Digital
  5. ^ Buzz in the air as AMX comes of age
  6. ^ Sinead Carew (18 September 2013). "AT&T to expand in Latin America with America Movil deal". Reuters. 
  7. ^ "Telecoms reform would boost competition and growth in Mexico, says OECD". OECD. January 30, 2012. Retrieved March 12, 2013. "The “OECD Review of Telecommunication Policy and Regulation in Mexico” says that the lack of competition has led to extremely high prices for consumers and businesses and slowed the take-up of new services." 
  8. ^ Stryszowska, Marta, (2012), "Estimation of Loss in Consumer Surplus Resulting from Excessive Pricing of Telecommunication Services in Mexico", OECD Digital Economy Papers, No. 191, Éditions OCDE. Accessed 16 May 2014.
  9. ^ WSJ.com
  10. ^ [1]
  11. ^ dutch-government-issues-warning-on-takeover-of-telecom-firm-kpn-by-mexican-billionaire-carlos-slim

External links[edit]