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Spun off from Telefonos de Mexico in 2000, America Movil became Latin America's leading wireless telephone provider by pioneering prepaid phone cards and subsidized handsets in a region with limited disposable income. Today, it boasts 66.3 million wireless and 1.9 million fixed-line subscribers in nine countries. The Mexico City-based company controlled by magnate Carlos Slim snapped up fire-sale assets from early players such as AT&T, helping boost revenues 49% in 2004, to $11.9 billion. The company delivered a 21.8% return on equity while share prices climbed 62.5% in the 12 months ending May 31.
|Return on Equity||21.8%|
|CORPORATE WEB SITE|
All figures are for the most recent available 12 months.
* Latest available data for the 12-month period ended Dec. 31, Jan. 31, Feb. 29, Mar. 31, or Apr. 30. For companies that do not report quarterly, the most recent annual data were used.
Data provided by Standard & Poor's Compustat, BusinessWeek
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América Móvil, S.A. de C.V. provides wireless communications services in Latin America. In Mexico, through its subsidiary Radiomóvil Dipsa, S.A. de C.V., América Móvil provides nationwide cellular telecommunications services. It operates GSM networks in Mexico, Brazil, Colombia, Ecuador, Guatemala, and Nicaragua. As of June 30, 2004, it had approximately 50.3 million wireless subscribers. The company also had approximately 1.9 million fixed lines in Guatemala and El Salvador. The company was established in 2000 in a spin-off from Teléfonos de México, S.A. de C.V. and is based in Mexico City, Mexico.
No. of Employees
Daniel Hajj Aboumrad
Daniel Hajj Aboumrad has been a Director of America Movil S.A. de C.V. since 2000 and is a Member of its Executive Committee. Mr. Aboumrad serves as a Director of Radiomvil Dipsa, S.A. Mr. Aboumrad serves as the Chief Executive Officer of América Móvil, S.A. de C.V. He is also a Director of Carso Global Telecom, América Telecom and Grupo Carso, S.A. de C.V. and América Telecom, S.A. de C.V. He is the Chief Executive Officer of Hulera Euzkadi, S.A. de C.V.