América Móvil

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América Móvil, S.A.B. de C.V.
TypeAnónima Bursátil de Capital Variable
Founded1986; 35 years ago (1986)
HeadquartersPlaza Carso, Mexico City, Mexico
Area served
Americas, Europe
Key people
Carlos Slim Helú (Chairman Emeritus)
Carlos Slim Domit (Chairman)
Daniel Hajj Aboumrad, (CEO)
Mobile phone
Digital television
Digital Media
Internet of things
RevenueIncrease US$52.747 billion (2018)[1]
Increase US$7.090 billion (2018)[1]
Increase US$2.770 billion (2018)[1]
Number of employees
189,448 (2018)[1]
DivisionsCarso Global Telecom
Global Hitss
DLA Inc.
KPN (16.1%)
Nextel Brazil[2]
Nuestra Visión
Sección Amarilla
Speedy Movil
Telekom Austria Group (51.0%)
TracFone Wireless
Uno TV

América Móvil is a Mexican telecommunications corporation headquartered in Mexico City, Mexico. It is the 7th 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. As of Q1, 2019, América Móvil had 277.4 million wireless subscribers, and 84.3 million fixed revenue generating units (“RGUs”, consisting of fixed voice, fixed data and Pay TV units).[3]

Company information[edit]

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, Costa Rica, 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 14,86% of KPN in the Netherlands and has done a bid on 100% of the shares. The group has also fully consolidated the Telekom Austria Group into its financial reporting, owning 51.0% of its shares and using the Austrian operator to expand América Móvil's European network.[4]

América Móvil acquired 100% of Jamaican mobile operator Oceanic Digital, under the brand name MiPhone in August 2007.[5] On November 15, 2005, the company signed an international pact with Ooredoo to jointly deliver various international services.[citation needed]

In the United States, it operates through its subsidiary TracFone Wireless, Inc. under the brands TracFone, NET10 Wireless, Straight Talk, SIMPLE Mobile, Total Wireless, Telcel América, and Page Plus Cellular. It is one of the leading national pre-paid wireless service providers in the U.S.[citation needed] In mid-September 2020, AM agreed to sell Tracfone to Verizon, with the deal expected to close by 2021 .[6][7][8]

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.[9]

As of April 2012, América Móvil registered an annual profit of $5 billion.[citation needed] 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. And with a market value of over $93 billion (As of April 2012), the company is currently the most valuable in Mexico, more than the next three most valuable companies combined.

In 2018, the company's chief executive Daniel Hajj announced that América Móvil is seeking a TV license in Mexico.[10]

Alleged cost[edit]

In 2012, the OECD estimated that lack of competition in telecommunications had cost the economy of Mexico $25 billion per year.[11][12]

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 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.[13]

América Móvil global wireless customers[edit]

As of Q1 2019:[3]

North America
Central America and the Caribbean
South America
Austria and CEE 20.908 million

Global wireless customers 277.425 million

América Móvil wireless technology by country[edit]

South America[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.[15]

See also[edit]


  1. ^ a b c d "2018 Annual report Form 20-F" (PDF). América Móvil. Retrieved May 10, 2019.
  2. ^ Paola Bertolini. "Nextel Brasil pierde en primer trimestre mientras llega su nuevo dueño: América Móvil". Forbes México (in Spanish).
  3. ^ a b "Q1 2019 Quarterly Report | América Móvil" (PDF). Archived (PDF) from the original on 2019-05-02. Retrieved 2019-05-10.
  4. ^ "Shareholder Structure - A1 Telekom Austria Group". Retrieved 14 Feb 2021.
  5. ^ Business News Americas staff reporter. "AMX buys Jamaican operator Oceanic Digital". BNamericas.
  6. ^ Mihalcik, Carrie (2020-09-14). "Verizon to acquire prepaid mobile provider Tracfone". CNET. Retrieved 2020-09-14.
  7. ^ "Verizon buys pre-paid phone provider Tracfone". Retrieved 2020-09-14.
  8. ^ Schoon, Ben (2020-09-14). "Verizon to acquire Tracfone in $6 billion deal". 9to5Google. Retrieved 2020-09-14.
  9. ^ "Buzz in the air as AMX comes of age". Financial Times.
  10. ^ Love, Julia. "America Movil still wants TV license in Mexico, CEO says". U.S. Retrieved 2018-04-26.
  11. ^ "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.
  12. ^ 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.
  13. ^ "Home page | América Móvil" (PDF). Archived from the original (PDF) on 2016-08-10. Retrieved 2017-05-28.
  14. ^ Regulamento comunicado[permanent dead link]
  15. ^ Dolia Estevez (13 September 2013). "Dutch Government Issues Warning On Takeover Of Telecom Firm KPN By Mexican Billionaire Carlos Slim". Forbes.

External links[edit]