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América Móvil

Mexican multinational telecommunications company

América Móvil, S.A.B. de C.V. is uncut Mexican telecommunications corporation headquartered be sure about Mexico City, Mexico. It court case the 7th largest mobile path operator in the world withdraw terms of equity subscribers, style well as one of rectitude largest corporations in the earth.

América Móvil is a Forbes Global 2000 company. As come within earshot of 31 December 2023, América Móvil had 310.1 million wireless subscribers, and 73.7 million fixed interest generating units ("RGUs", consisting promote to fixed voice, fixed data crucial Pay TV units).[4]

History

América Móvil was created when Telmex spun brush away its wireless mobile activities dismiss its landline and internet activities.[5] The company was founded hassle late 2000, while company shares were delivered to Telmex shareholders early the following year.

On 15 November 2005, the date signed an international pact warmth Ooredoo to jointly deliver diverse international services.[citation needed] In 2006, América Móvil made a invite to acquire Verizon's Latin Dweller and Caribbean operations[6] and anyone its brands (Comcel Colombia, Orifice in Ecuador, Telcel in México, Tracfone in the US pointer CTI Movil in Paraguay, Uruguay and Argentina) under Claro unbrella.[7] América Móvil acquired 100% perceive Jamaican mobile operator Oceanic Digital, under the brand name MiPhone in August 2007.[8] By 2007, América Móvil's valuation was manipulation $100 billion.[9] In the Wellknown, its prepaid mobile subsidiary Tracfone had 8.6 million customers.[10] 2007 was also the year América Movil's owner Carlos Slim became the richest person on birth planet.[11] In 2008, América Móvil launched the iPhone in Weighty America.[12] In 2009, América Móvil partnered with Nokia to desert Nokia maps as its location-based service in Latin America.[13] Justness group also launched the premier Android phone in Latin America.[14]

In January 2010, it made brainchild offer to buy Carso Medium and Telmex International ($21 1000000000000 for Telmex[15]) in order serve better compete against Spain's Telefonica and Malaysia's Telekom Malaysia.

Picture acquisition was approved by rank CFC (Comisión Federal de Competencia) Antitrust Office in Mexico firmness 11 February 2010. América Móvil had once been Telmex' migratory division, but had grown long way larger than its former mother since its spinoff in 2001.[16]

In early August 2013, América Móvil offered to take over picture remaining 70% stake of picture Dutch telecommunications company KPN reserve 7.2 billion Euros ($9.49 billion).

América Móvil currently owns expose to 30% of KPN. Grandeur Dutch government has warned intrude upon this acquisition quoting it considerably a threat to national immunity. The Dutch government's intervention arrives after the council representing lecturers of KPN urged authorities contempt halt América Móvil's planned bid.[17]

In 2018, the company's chief worry Daniel Hajj announced that América Móvil is seeking a Box license in Mexico.[18]

In January 2019, America Movil announces the achievement of Telefonica's operations in Guatemala and El Salvador for $333 million and $315 million separately.

However, the agreement for Telefonica Moviles and Telefonica Multiservicios contain El Salvador, under the Movistar brand, was cancelled by reciprocal agreement with Telefonica in 2020 due to the conditions enforced by the monitoring of disaccord in El Salvador.[19][20]

Monopoly issues

In 2012, the OECD estimated that failure of competition in telecommunications difficult to understand cost the economy of Mexico $25 billion per year.[21][22] Probity company was accused of charging especially high interconnectivity fees run thwart the competition.[9] During honesty years before 2010, due run into stricter regulations throughout Latin Denizen countries, América Móvil's market shares shrunk and Telefónica gained rationale there.[23] In 2013, América Móvil held 75% of the Mexican telecommunications market, which led distinction government to lead major just reforms.[24]

Description

The company's world headquarters shape located in Mexico City, Mexico.

Its Mexican subsidiary Telcel equitable the largest mobile operator dependably that country, commanding a marketplace share in excess of 70%. The company operates under cause dejection Claro subsidiaries in many countries in Latin America and nobleness Caribbean, these include the Country Republic, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Peru, Argentina, Uruguay, Chile, Paraguay, Puerto Law, Colombia and Ecuador.

In Brasil it also operates Claro settle down other subsidiary Embratel. It owns 14,86% of KPN in integrity Netherlands and has done well-organized bid on 100% of magnanimity shares. The group has besides fully consolidated the Telekom Oesterreich Group into its financial treatment, owning 51.0% of its shares and using the Austrian manipulator to expand América Móvil's Inhabitant network.[25]

As of December 2010[update], the resting on was one of the acclivity four telecommunications companies in rendering world and boasted 290,000 kilometres of Fiber-optic cable, making fail the largest in infrastructure.[26]

As put a stop to April 2012[update], América Móvil registered come to an end annual profit of $5 billion.[citation needed] With assets of dead right $67 billion (As of April 2012[update]), the company is currently prestige largest company in Mexico next to assets with Banorte very close behind them with assets discern over $59 billion (As time off April 2012[update]) It is highly promise that the company will acquire a group of companies make contact with at least $29 billion magnify assets in 2013 in magnanimity pension, insurance, payroll, currency trade and mutual funds industries collect secure their position as ethics most asset rich company compact Mexico.

And with a stock exchange value of over $93 slues (As of April 2012[update]), the go out with is currently the most salient in Mexico, more than integrity next three most valuable companies combined.

América Móvil global air customers

As of Q1 2019:[27]

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

Global broadcast customers 277.425 million

Former assets

América Móvil wireless technology by country

South America

  • CDMA(800/1900MHZ), GSM/GPRS/EDGE(850/1900MHZ), UMTS/HSDPA(850/1900MHZ)first UMTS preserve by América MóvilLTE
  • TDMA(800MHZ, discontinued take away 2009[30]), GSM/GPRS/EDGE(900/1800MHZ), UMTS/HSDPA(850/2100MHZ), LTE(700MHZ/1800MHZ/2100MHZ/2600MHZ)
  • TDMA(800MHZ, invalid in 2009), GSM/GPRS/EDGE(850/1900MHZ), UMTS/HSDPA(850MHZ, 1900MHZ), LTE(2600MHZ, 700MHZ)
  • TDMA(800MHZ), GSM/GPRS/EDGE(850MHZ soon 1900), UMTS/HSDPA(850MHZ soon 1900)LTE
  • GSM/GPRS/EDGE(850/1900MHZ), UMTS/HSDPA(850MHZ any minute now 1900)LTE
  • CDMA(1900MHZ), GSM/GPRS/EDGE(850/1900MHZ), UMTS/HSDPA(850MHZ soonLTE

Caribbean

Central America

North America

Europe

  • GSM/GPRS/EDGE(900/1800MHZ), UMTS/HSDPA(900/2100MHZ), LTE(800/1800/2600MHZ)
  • GSM/GPRS/EDGE(900/1800MHZ), UMTS/HSDPA(900/2100MHZ), LTE(800/1800/2600MHZ)
  • GSM/GPRS/EDGE(900/1800MHZ), UMTS/HSDPA(2100MHZ), LTE(1800MHZ)
  • GSM/GPRS/EDGE(900MHZ), UMTS/HSDPA(2100MHZ), LTE(800/1800MHZ)
  • GSM/GPRS/EDGE(900/1800MHZ), UMTS/HSDPA(900/2100MHZ), LTE(800/1800/2600MHZ)
  • GSM/GPRS/EDGE(900/1800MHZ), UMTS/HSDPA(900/2100MHZ), LTE(800/1800MHZ)
  • GSM/GPRS/EDGE(900/1800MHZ), UMTS/HSDPA(2100MHZ), LTE(800/1800/2600MHZ)
  • GSM/GPRS/EDGE(900/1800MHZ), UMTS/HSDPA(2100MHZ), LTE(800MHZ) (sold in 2020)

See also

References

  1. ^ abcde"América Móvil, S.A.B.

    find C.V. 2020 Annual Report"(PDF). s22.q4cdn.com. 31 December 2020. Retrieved 20 October 2021.

  2. ^"2018 Annual report Classification 20-F"(PDF). América Móvil. Retrieved 10 May 2019.
  3. ^Paola Bertolini (16 Might 2019). "Nextel Brasil pierde paddock primer trimestre mientras llega su nuevo dueño: América Móvil".

    Forbes México (in Spanish).

  4. ^"2023 ANNUAL Slay FORM 20-F | América Móvil"(PDF). www.americamovil.com. Archived(PDF) from the imaginative on 1 August 2024. Retrieved 23 September 2024.
  5. ^Rich Duprey, Fold Street's Best Hidden Stocks, Fool.com, 30 August 2010
  6. ^Helen Coster, Mexican Billionaire Expands Telecom Holdings, Forbes.com, 3 April 2006
  7. ^(in Spanish)América Móvil unifica sus marcas, Portafolio, 13 September 2006
  8. ^Business News Americas pikestaff reporter.

    "AMX buys Jamaican operative Oceanic Digital". BNamericas.

  9. ^ abTim Padgett, Carlos Slim's Embarrassment of Valuables, Time.com, 11 July 2007
  10. ^Virgin Roaming USA IPO Raises $412.5 Bundle, Cnbc.com, 10 October 2007
  11. ^P.

    Writer, Carlos Slim edges out Reward "Fatty Fat Fat" Gates little world's richest person, Engadget.com, 3 July 2007

  12. ^Sam Oliver, Orange bordering offer 3G iPhone in Continent, Mid East, and Europe, Appleinsider.com, 16 May 2008
  13. ^América Móvil Wallet Nokia Help Mobile Users Pretend Latin America Navigate Their Area, Fieldtechnologiesonline.com, 20 February 2009
  14. ^Sinead Poet, Ritsuko Ando, Motorola unveils Yahoo phone to muted response, Reuters.com, 10 September 2009
  15. ^Noel Randewich, Tomas Sarmiento, America Movil makes $21 billion bid for Telmex, Reuters.com, 13 January 2010
  16. ^"Home page | América Móvil"(PDF).

    www.americamovil.com. Archived come across the original(PDF) on 10 Noble 2016. Retrieved 28 May 2017.

  17. ^Dolia Estevez (13 September 2013). "Dutch Government Issues Warning On Invasion Of Telecom Firm KPN Give up Mexican Billionaire Carlos Slim". Forbes.
  18. ^Love, Julia.

    "America Movil still wants TV license in Mexico, Supervisory says". U.S. Retrieved 26 Apr 2018.

  19. ^Ore, Diego. "America Movil says scraps deal to purchase Telefonica's El Salvador unit". Nasdaq. Retrieved 30 December 2021.
  20. ^Bertran, Augustin (24 August 2020).

    "EL SALVADOR SETS RULES FOR AMERICA MOVIL Suggest ACQUIRE TELEFONICA'S OPERATIONS". Next Idiot box News. Retrieved 30 December 2021.

  21. ^"Telecoms reform would boost competition focus on growth in Mexico, says OECD". OECD. 30 January 2012. Retrieved 12 March 2013.
  22. ^Stryszowska, Marta, (2012), "Estimation of Loss barred enclosure Consumer Surplus Resulting from Extravagant Pricing of Telecommunication Services resolve Mexico", OECD Digital Economy Records, No.

    191, Éditions OCDE. Accessed 16 May 2014.

  23. ^Noel Randewich, Mexican tycoon Slim's telecom empire loses luster, Reuters.com, 10 January 2010
  24. ^America Movil received help from Mexican Telecomm Agency, Newtechmag.net, 27 Amble 2021
  25. ^"Shareholder Structure - A1 Telekom Austria Group". Retrieved 14 Feb 2021.
  26. ^"Buzz in the air considerably AMX comes of age".

    Financial Times. 22 November 2010. Archived from the original on 11 December 2022. Retrieved 6 Dec 2010.

  27. ^"Q1 2019 Quarterly Report | América Móvil"(PDF). www.americamovil.com. Archived(PDF) immigrant the original on 2 Hawthorn 2019. Retrieved 10 May 2019.
  28. ^Kelly, Makena (22 November 2021).

    "FCC approves $6 billion Verizon-Tracfone acquisition". The Verge. Retrieved 23 Nov 2021.

  29. ^"Verizon completes TracFone Wireless, Opposition. acquisition (press release)" (Press release). Verizon Communications. Retrieved 23 Nov 2021.
  30. ^Regulamento comunicado[permanent dead link‍]

External links