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America Movil A Value Stock - Dividend - Research Selection

America movil a

ISIN: US02364W2044 , WKN: 603116

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Description of the company

ABOUT AMÉRICA MÓVIL

HISTORY AND CORPORATE INFORMATION

América Móvil, S.A.B. de C.V. (“América Móvil,” “we” or the “Company”) is a sociedad anónima bursátil de capital variable organized under the laws of Mexico. We were established in September 2000 when Teléfonos de México, S.A.B. de C.V. (“Telmex”), a fixed-line Mexican telecommunications operator privatized in 1990, spun off to us its wireless operations in Mexico and other countries. We have made significant acquisitions throughout Latin America, the United States, the Caribbean and Europe, and we have also expanded our businesses organically. In 2010, we acquired control of Telmex and Telmex Internacional, S.A.B. de C.V. (currently, Telmex Internacional, S.A. de C.V., or “Telmex Internacional”) in a series of public tender offers. We continue to look for other investment opportunities in telecommunications companies worldwide, including in markets where we are already present, and we often have several possible acquisitions under consideration.

Our principal executive offices are located at Lago Zurich 245, Plaza Carso / Edificio Telcel, Colonia Ampliación Granada, Delegación Miguel Hidalgo, 11529, Mexico City, México. Our telephone number at this location is (5255) 2581-4449.

BUSINESS OVERVIEW

We provide telecommunications services in 25 countries. We are the leading telecommunications services provider in Latin America ranking first in wireless, fixed-line, broadband, and Pay TV services based on the number of revenue generating units (“RGUs”). Our largest operations are in Mexico and Brazil, which together account for over half of our total RGUs and where we have the largest market share based on RGUs. We also have major wireless, fixed or Pay TV operations in 16 other countries in the Americas and seven countries in Central and Eastern Europe as of December 31, 2015. For a list of our principal subsidiaries, see “Additional Information—Exhibit 8.1” under Part VII of this annual report.

We intend to build on our position as leaders in integrated telecommunications services in Latin America and the Caribbean, and to grow in other parts of the world, by continuing to expand our subscriber base through the development of our existing businesses and strategic acquisitions when opportunities arise. We have developed world-class integrated telecommunications platforms to offer our customers new services and enhanced communications solutions with higher data speed transmissions at lower prices. We continue investing in our networks to increase coverage and implement new technologies to optimize our network capabilities. See “Operating and Financial Review and Prospects—Overview” under Part II of this annual report for a discussion on the seasonality of our business.

The Finanzoo GmbH assumes no liability for the accuracy of the information! All information is provided without warranty. Sources:: www.bundesanzeiger.de, www.sec.gov,


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UPDATE 1-Mexico's Slim eyes $7.7 billion investment in Brazil in coming years

2024-04-19
Mexican magnate Carlos Slim is considering investing more than 40 billion reais ($7.70 billion) in Brazil in the coming years, he said on Friday, after meeting with President Luiz Inacio Lula da Silva in Brasilia. Slim, whose family controls telecommunications giant America Movil, said the investments would be made in Brazil's 5G and fiber-optic networks. America Movil-owned Claro is a huge player in the South American country's telecom sector.

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UPDATE 1-America Movil says 5G in focus as $7 bln capex plan on track

2024-04-17
Mexican telecommunications giant America Movil said it is investing in 5G across its markets as it remains on track to implement its $7.1 billion capital expenditure plan set for this year. The company had in February warned of reduced spending following years of significant output on buying spectrum and refreshing its network infrastructure. This comes a day after America Movil showed first quarter net profit down 55% year on year, weighed by a stronger peso and lack of extraordinary income from selling cell phone towers, as it had done in the same quarter a year earlier.

America Movil says 5G in focus as $7 billion capex plan on track

2024-04-17
MEXICO CITY (Reuters) -Mexican telecommunications giant America Movil said it is investing in 5G across its markets as it remains on track to implement its $7.1 billion capital expenditure plan set for this year. The company had in February warned of reduced spending following years of significant output on buying spectrum and refreshing its network infrastructure. This comes a day after America Movil showed first quarter net profit down 55% year on year, weighed by a stronger peso and lack of extraordinary income from selling cell phone towers, as it had done in the same quarter a year earlier.

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2024-04-17
America Movil's (AMX) first-quarter 2024 results are affected by softness in the Equipment business.