America Movil SAB de CV logo

America Movil SAB de CV

MEX:AMX B (Mexico)   Ordinary Shares - Class B
MXN 16.16 (+2.93%) Apr 26
16.97
P/B:
2.55
Market Cap:
MXN 1.00T ($ 58.38B)
Enterprise V:
MXN 1.60T ($ 93.47B)
Volume:
44.96M
Avg Vol (2M):
81.56M
Also Trade In:
Volume:
44.96M
Avg Vol (2M):
81.56M

Business Description

Description
America Movil is the largest telecom carrier in Latin America, serving about 285 million wireless customers across the region. It also provides fixed-line phone, internet access, and television services in most of the countries it serves. Mexico is the firm's largest market, providing about 35% of service revenue. Movil dominates the Mexican wireless market with more than 60% customer share and also serves about half of fixed-line internet access customers in the country. Brazil, its second most important market, provides about 20% of service revenue. Movil sold its low-margin wireless resale business in the U.S. to Verizon in 2021 and now owns a 1.4% stake in the U.S. telecom giant. The firm also holds a 58% stake in Telekom Austria and a 15% stake in Dutch carrier KPN.