America Movil SAB de CV logo

America Movil SAB de CV - SERIES B

1
NYSE:AMX (Mexico)   ADR - Series B
$ 18.30 -0.01 (-0.05%) 10:08 PM EST
16.46
P/B:
2.47
Market Cap:
$ 56.74B
Enterprise V:
$ 92.00B
Volume:
1.81M
Avg Vol (2M):
1.12M
Also Trade In:
Volume:
1.81M
Avg Vol (2M):
1.12M

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.