America Movil SAB de CV (AMX) is a Mexican telecommunications conglomerate that ranks among the largest mobile network operators in the world. The company was founded in 2000 by billionaire Carlos Slim Helu and has since expanded its operations across various countries in the Americas. AMX is part of the broader Slim family of companies, collectively known as Grupo Carso.
AMX's primary focus is on providing telecommunications services, including wireless and fixed-line voice services, broadband internet, and pay television. The company operates through its various subsidiaries and brands, such as Telcel, Telmex, Claro, and TracFone, offering a wide range of communication services to millions of customers in different markets.
An additional notable aspect of America Movil's operations is its significant market presence in various countries across the Americas, including Mexico, Brazil, Colombia, and others. This wide geographic reach contributes to the company's dominance in the telecommunications sector.
In recent years, America Movil has been focused on expanding its offerings beyond traditional telecommunications services. The company has ventured into new areas such as digital services, including mobile financial services and e-commerce, capitalizing on the increasing demand for digital solutions.
With its extensive history and market presence, America Movil SAB de CV plays a pivotal role in shaping the telecommunications landscape across the Americas. Its diverse range of services, massive customer base, and consistent pursuit of innovation position it as a key player in the dynamic telecommunications industry.