América Móvil
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América Móvil, S.A.B. de C.V. is a Mexican
History
América Móvil was created when Telmex spun off its wireless mobile activities from its landline and internet activities.[5] The company was founded in late 2000, while company shares were delivered to Telmex shareholders early the following year.
On November 15, 2005, the company signed an international pact with
In January 2010, it made an offer to buy Carso Telecom and Telmex International ($21 billion for Telmex
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.[17]
In 2018, the company's chief executive Daniel Hajj announced that América Móvil is seeking a TV license in Mexico.[18]
In January 2019, America Movil announces the acquisition of Telefonica's operations in Guatemala and El Salvador for $333 million and $315 million respectively. However, the agreement for Telefonica Moviles and Telefonica Multiservicios in El Salvador, under the Movistar brand, was cancelled by mutual agreement with Telefonica in 2020 due to the conditions imposed by the monitoring of competition in El Salvador.[19][20]
Monopoly issues
In 2012, the
Description
The company's world headquarters are located in Mexico City, Mexico. Its Mexican subsidiary
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.[26]
As of April 2012[update], América Móvil registered an annual profit of $5 billion.[citation needed] 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. And with a market value of over $93 billion (As of April 2012[update]), the company is currently the most valuable in Mexico, more than the next three most valuable companies combined.
América Móvil global wireless customers
As of Q1 2019:[4]
- North America
- Central America and the Caribbean
- Claro21.741 million
- South America
- Claro29.887 million
- Claro11.818 million
- Claro56.383 million
- Claro24.370 million
- Claro8.308 million
- Claro6.720 million
- Austria and CEE 20.908 million
- Austria - A1
- A1 Bulgaria
- Belarus - A1
- Croatia - A1 Hrvatska
- Slovenia - A1 Slovenija
- Serbia - A1 Srbija
- North Macedonia - A1 Macedonia
- Liechtenstein - Telecom Liechtenstein (sold in 2020)
Global wireless customers 277.425 million
Former assets
América Móvil wireless technology by country
South America
- HSDPA (850/2100MHZ), LTE(700MHZ/1800MHZ/2100MHZ/2600MHZ)
- HSDPA (850MHZ, 1900MHZ), LTE(2600MHZ, 700MHZ)
- HSDPA (850MHZ soon 1900) LTE
- HSDPA (850MHZ soon 1900) LTE
- HSDPA (850MHZ soon LTE
Caribbean
Central America
- High-Speed Packet Access) live by América Móvil LTE
- HSDPA (1900MHZ) LTE
- HSDPA (1900MHZ) LTE
- HSDPA (1900MHZ) LTE
- HSDPA (850MHZ) LTE
North America
- HSDPA (850/1900MHZ), LTE(1700MHZ)
Europe
- HSDPA (900/2100MHZ), LTE(800/1800/2600MHZ)
- HSDPA (900/2100MHZ), LTE(800/1800/2600MHZ)
- HSDPA (2100MHZ), LTE(1800MHZ)
- HSDPA (2100MHZ), LTE(800/1800MHZ)
- HSDPA (900/2100MHZ), LTE(800/1800/2600MHZ)
- HSDPA (900/2100MHZ), LTE(800/1800MHZ)
- HSDPA (2100MHZ), LTE(800/1800/2600MHZ)
- HSDPA (2100MHZ), LTE(800MHZ) (sold in 2020)
See also
References
- ^ a b c d e "América Móvil, S.A.B. de C.V. 2020 Annual Report" (PDF). s22.q4cdn.com. 31 December 2020. Retrieved 20 October 2021.
- ^ "2018 Annual report Form 20-F" (PDF). América Móvil. Retrieved May 10, 2019.
- ^ Paola Bertolini (16 May 2019). "Nextel Brasil pierde en primer trimestre mientras llega su nuevo dueño: América Móvil". Forbes México (in Spanish).
- ^ a b "Q1 2019 Quarterly Report | América Móvil" (PDF). www.americamovil.com. Archived (PDF) from the original on 2019-05-02. Retrieved 2019-05-10.
- ^ Rich Duprey, Wall Street's Best Hidden Stocks, Fool.com, 30 August 2010
- ^ Helen Coster, Mexican Billionaire Expands Telecom Holdings, Forbes.com, 3 April 2006
- ^ (in Spanish) América Móvil unifica sus marcas, Portafolio, 13 September 2006
- ^ Business News Americas staff reporter. "AMX buys Jamaican operator Oceanic Digital". BNamericas.
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has generic name (help) - ^ a b Tim Padgett, Carlos Slim's Embarrassment of Riches, Time.com, 11 July 2007
- ^ Virgin Mobile USA IPO Raises $412.5 Million, Cnbc.com, 10 October 2007
- ^ P. Miller, Carlos Slim edges out Bill "Fatty Fat Fat" Gates as world's richest person, Engadget.com, 3 July 2007
- ^ Sam Oliver, Orange to offer 3G iPhone in Africa, Mid East, and Europe, Appleinsider.com, 16 May 2008
- ^ América Móvil And Nokia Help Mobile Users In Latin America Navigate Their World, Fieldtechnologiesonline.com, 20 February 2009
- ^ Sinead Carew, Ritsuko Ando, Motorola unveils Google phone to muted response, Reuters.com, 10 September 2009
- ^ Noel Randewich, Tomas Sarmiento, America Movil makes $21 billion bid for Telmex, Reuters.com, 13 January 2010
- ^ "Home page | América Móvil" (PDF). www.americamovil.com. Archived from the original (PDF) on 2016-08-10. Retrieved 2017-05-28.
- ^ Dolia Estevez (13 September 2013). "Dutch Government Issues Warning On Takeover Of Telecom Firm KPN By Mexican Billionaire Carlos Slim". Forbes.
- ^ Love, Julia. "America Movil still wants TV license in Mexico, CEO says". U.S. Retrieved 2018-04-26.
- ^ Ore, Diego. "America Movil says scraps deal to purchase Telefonica's El Salvador unit". Nasdaq. Retrieved 2021-12-30.
- ^ Bertran, Augustin (2020-08-24). "EL SALVADOR SETS RULES FOR AMERICA MOVIL TO ACQUIRE TELEFONICA'S OPERATIONS". Next TV News. Retrieved 2021-12-30.
- ^ "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.
- ^ 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.
- ^ Noel Randewich, Mexican tycoon Slim's telecom empire loses luster, Reuters.com, 10 January 2010
- ^ America Movil received help from Mexican Telecomm Agency, Newtechmag.net, 27 March 2021
- ^ "Shareholder Structure - A1 Telekom Austria Group". Retrieved 14 Feb 2021.
- ^ "Buzz in the air as AMX comes of age". Financial Times. 22 November 2010. Archived from the original on 2022-12-11. Retrieved 2010-12-06.
- ^ Kelly, Makena (2021-11-22). "FCC approves $6 billion Verizon-Tracfone acquisition". The Verge. Retrieved 2021-11-23.
- Verizon Communications. Retrieved November 23, 2021.
- ^ Regulamento comunicado[permanent dead link]
External links
- Official website
- Business data for América Móvil: