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America Movil
(NYSE: AMX)
Mexico
Latin America's leading wireless telephone provider turned in another stellar performance in 2005, thanks to solid growth in the region that boosted consumer spending, leading to a greater-than-expected expansion of wireless penetration. America Movil's customer base reached 100 million wireless subscribers at the end of March, a 50% increase over a year earlier, plus 2 million fixed-line clients. Because the company already had completed much of the investment needed to complete its regionwide rollout of GSM technology, net profits in 2005 surged by 85%, to $2.8 billion, on revenues of $16.1 billion. America Movil delivered a 37.4% return on equity and a total return to shareholders of 82.7%—and agreed to pay out the company's first-ever dividend. The Mexico City company controlled by billionaire Carlos Slim is closing acquisitions that will give it another 7.9 million wireless subscribers and 5 million fixed-line customers in the coming months.
Company Info |
|
| 2005 Rank | 1 |
| Sales* ($ Millions) | 16,108.0 |
| Sales Growth (over prev. year) |
31 % |
| Profits* ($ Millions) | 2,798.0 |
| Return on Equity | 37.4 % |
| Total Return on Sales (12-mo.) | 82.7 |
| Share Price As of 5/31/06 | 1.63 |
| CURRENT MARKET INFO | NYSE: AMX |
| No. of Employees | 34,574 |
| Industry | Telecommunications |
| COMPANY WEB SITE > | |
*Trailing 12 months
Stock price data as of 5/31/06
DATA: Standard & Poor's Compustat
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Company Snapshot
America Movil provides wireless communications services primarily in Latin America. The company, through Telcel, provides cellular telecommunications service in Mexico. The company also offers fixed-line and wireless services, as well as sells and distributes prepaid wireless services and wireless phones. America Movil was founded in 2000 and is based in Mexico City.
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