América Móvil is a Mexican telecommunications corporation 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 289.4 million wireless subscribers, 34.3 million landlines, 22.6 million broadband accesses and 21.5 million PayTV units as of the end of 2014.
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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 30% 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 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 Bridge Alliance 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, Telcel América, Page Plus Cellular and Total Wireless. 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.
With annual sales 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.
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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 (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.
América Móvil global wireless customers
As of Dec 2014:
- United States - TracFone Wireless (TracFone, NET10 Wireless, Straight Talk, SafeLink Wireless, SIMPLE Mobile, Total Wireless and Telcel América) 26.006 million
- Mexico - Telcel 71.463 million
- Costa Rica Dominican Republic El Salvador Guatemala Honduras Nicaragua Panama Puerto Rico - Claro 19.065 million
- Colombia - Claro 29.776 million
- Perú - Claro 12.498 million
- Brazil - Claro 71.107 million
- Argentina Paraguay Uruguay - Claro 22.000 million
- Ecuador - Claro 11.772 million
- Chile - Claro 5.754 million
- Austria - A1 Bulgaria - Mtel Belarus - Velcom Croatia - Vipnet Slovenia - A1 Slovenija Serbia - Vip mobile Macedonia - Vip operator Liechtenstein - Telecom Liechtenstein 20.008 million
Global wireless customers 289.449 million
América Móvil in the world
América Móvil wireless technology by country
South America
- CDMA (800/1900MHZ), GSM/GPRS/EDGE (850/1900MHZ), UMTS/HSDPA (850/1900MHZ) first UMTS live by América Móvil
- TDMA (800MHZ, discontinued in 2009), GSM/GPRS/EDGE (900/1800MHZ), UMTS/HSDPA (850/2100MHZ), LTE (2600MHZ)
- TDMA (800MHZ), GSM/GPRS/EDGE (850/1900MHZ), UMTS/HSDPA (850MHZ soon 1900)
- TDMA (800MHZ), GSM/GPRS/EDGE (850MHZ soon 1900), UMTS/HSDPA (850MHZ soon 1900)
- GSM/GPRS/EDGE (850/1900MHZ), UMTS/HSDPA (850MHZ soon 1900)
- CDMA (1900MHZ), GSM/GPRS/EDGE (850/1900MHZ), UMTS/HSDPA (850MHZ soon 1900), LTE (700/2600MHZ)
- GSM/GPRS/EDGE (1900MHZ), UMTS/HSDPA (1900MHZ)
- GSM/GPRS/EDGE (1900MHZ), UMTS/HSDPA (1900MHZ)
Caribbean
- CDMA (800/1900MHZ), GSM/GPRS/EDGE (850/1900MHZ), UMTS/HSDPA (850MHZ soon 1900)
- CDMA (800/1900MHZ), GSM/GPRS/EDGE (850/1900MHZ), UMTS/HSDPA (850MHZ soon 1900)
- CDMA (800MHZ), GSM/GPRS/EDGE (850MHZ), UMTS/HSDPA (850MHZ)
Central America
- CDMA (1900MHZ), GSM/GPRS/EDGE (900/1900MHZ), UMTS/HSPA (1900MHZ) first HSPA (High-Speed Packet Access) live by América Móvil
- GSM/GPRS/EDGE (1900MHZ), UMTS/HSDPA (1900MHZ)
- GSM/GPRS/EDGE (1900MHZ), UMTS/HSDPA (1900MHZ)
- GSM/GPRS/EDGE (1900MHZ), UMTS/HSDPA (850MHZ)
- GSM/GPRS/EDGE (1900MHZ), UMTS/HSDPA (850MHZ)
North America
- CDMA (800/1900MHZ), GSM/GPRS/EDGE (850/1900MHZ) (MVNO)
- TDMA (800MHZ), GSM/GPRS/EDGE (850/1900MHZ), UMTS/HSDPA (850/1900MHZ), LTE (1700MHZ)
Europe
- GSM/GPRS/EDGE (900/1800MHZ), UMTS/HSDPA (900/2100MHZ), LTE (800/1800/2600MHZ)
- GSM/GPRS/EDGE (900/1800MHZ), UMTS/HSDPA (900/2100MHZ)
- 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)
KPN acquisition attempt
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.
Source of the article : Wikipedia
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