América Móvil


América Móvil is a Mexican telecommunications corporation headquartered in Mexico City, Mexico. It is the seventh 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.

Company information

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 14,86% of KPN in the Netherlands and . The group has also fully consolidated the Telekom Austria Group into its financial reporting, owning 59.7% of its shares and using the Austrian operator to expand América Móvil's European network.
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 Ooredoo 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, Total Wireless, Telcel América, and Page Plus Cellular. It is one of the leading national pre-paid wireless service providers in the U.S.
, 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.
, América Móvil registered an annual profit of $5 billion. With assets of over $67 billion, the company is currently the largest company in Mexico by assets with Banorte very closely behind them with assets of over $59 billion 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, 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.

Alleged cost

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

Telmex acquisition

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 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 Q1 2019:
;North America
;Central America and The Caribbean
  • Costa Rica Dominican Republic El Salvador Guatemala Honduras Nicaragua Panama Puerto Rico - Claro 21.741 million
;South America
  • Colombia - Claro 29.887 million
  • Perú - Claro 11.818 million
  • Brazil - Claro 56.383 million
  • Argentina Paraguay Uruguay - Claro 24.370 million
  • Ecuador - Claro 8.308 million
  • Chile - Claro 6.720 million
;Austria and CEE 20.908 million
Global wireless customers''' 277.425 million

América Móvil wireless technology by country

South America

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. 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.