America Movil SA – Company History
América Móvil is a Latin American telecommunications services provider founded in 2000 and based in Mexico City. Excluding China and India, the company has the most wireless subscribers globally. Carlos Slim Helú and his immediate family hold a majority interest in América Móvil through a holding company. After Wal-Mart de México, América Móvil is one of the largest privately held nongovernment companies in Mexico by annual revenue, totalling $54 billion.
Originally a subsidiary of telecommunications company Telmex, América Móvil was spun off in 2000 as an independent company for cellular and broadband Internet services. By the end of that year, América Móvil was the largest mobile-service provider in Latin America, with approximately 10 million subscribers. In addition, the company had secured interests in Argentina, Brazil, Colombia, Ecuador, Guatemala, Puerto Rico, the United States and Uruguay. América Móvil was then listed on stock exchanges in Mexico City, Madrid and New York, but Telmex’s holding company, Carso Global Telecom S.A. de C.V., still retains majority control.
Today, América Móvil also provides data services, such as residential broadband and other wireless entertainment and corporate services. In addition, the company offers cable and satellite pay television services as well as IT solutions for small businesses and large corporations. América Móvil operates in 25 countries in Latina America, the U.S. and Central and Eastern Europe, with 191,851 employees.
- Family name: Slim
- Sector: Telecommunications
- Founded: 2000
- Founder: Carlos Slim
- Country: Mexico
- Company headquarters: Mexico City
- Managers: Daniel Hajj Aboumrad
- Revenue: US$51.9 billion
- Rankings: 180 [Fortune 500]
- Family ownership: 61.4%
- Employees: 195,475
- Website: www.americamovil.com
