News (Noticias) Tagged ‘america movil’

Mexico’s America Movil and Spain’s Telefonica, the undisputed mobile phone kings in Latin America, are poised to fight a new round in their battle for supremacy of one of the world’s fastest growing markets.

With market penetration low at around 65 percent in the two biggest economies of Brazil and Mexico, both companies have ample room to grow just by enticing people to buy their first mobile phones.

But there is no love lost between America Movil and Telefonica, and competition is seen heating up this year as they push new technology, price deals and possible acquisitions.”*

Mexican wireless carrier America Movil SAB (AMX) said in a statement Wednesday that it has signed an agreement with Apple Inc. ( AAPL) to sell the iPhone in Latin American later this year.

America Movil is the largest mobile operator in Latin America with 159.2 million wireless subscribers at the end of March.”*

Shares of America Movil, Latin America’s largest mobile phone service provider, plunged Friday following a 5.5 percent drop in first quarter profits.

Trying to ease shareholders’ concerns, CEO Daniel Hajj said in a conference call Friday that third-generation services such as wireless broadband in new Latin American markets should boost sales by year’s end and help the company recover.”*

Latin America’s wireless market continues to boom. Operators like America Movil, Telefonica and NII Holdings, and vendors from Nokia to Sony Ericsson are reporting healthy growth. Even Motorola, the troubled U.S. telecom vendor, is seeing slight growth in Latin America.

Latin America set a new record last year in wireless phone shipments and is expected to grow strongly again this year, experts say. Last year, vendors sent a total of 138.4 million wireless phones to Latin America, an increase of 12.2 percent from 2006, according to data from Strategy Analytics.

Nokia and Motorola - the top two vendors - both grew their sales, but reduced their market shares, while Sony Ericsson replaced LG as the third-largest vendor in Latin America, a Latin Business Chronicle analysis of Strategy data shows. “In 2007, Sony Ericsson and LG made significant gains in the Latin American market,” says Bonny Joy, a U.S.-based wireless device analyst at Strategy Analytics.”*

*From: http://www.latinbusinesschronicle.com
Traducido: usando Google o Altavista/Babel Fish

Mexico’s monopoly watchdog will start two new investigations within three weeks into the dominance of telephone giants America Movil and Telmex, both controlled by billionaire tycoon Carlos Slim.

It will be the second time in a decade that the Federal Competition Commission will probe Telmex (TELMEXL.MX: Quote, Profile, Research)(TMX.N: Quote, Profile, Research), which has 90 percent of all fixed lines in Mexico, and could lead to restrictions.”*

“A controversy broke out earlier this month after the Mexican online business publication Sentido Comun announced that Carlos Slim Helu was the richest man in the world.

Carlos Slim, 67, is the son of Lebanese immigrants to Mexico who just last year added $6 billion to his fortune. He sold off holdings in MCI and Altria to apply the proceeds to holdings in Saks Inc. He increased his share of Mexico’s monopoly telephone company Telmex and in America Movil, a wireless telecom outfit. His manifold holdings extend to about 200 other businesses.”