America Movil SAB de CV logo

America Movil SAB de CV

NEW
MEX:AMXB (Mexico)   Ordinary Shares - Class B
MXN 16.76 -0.040 (-0.24%) Jul 1
31.15
P/B:
2.69
Market Cap:
MXN 1.01T ($ 53.94B)
Enterprise V:
MXN 1.78T ($ 94.58B)
Volume:
48.31M
Avg Vol (2M):
66.63M
Trade In:
Volume:
48.31M
Avg Vol (2M):
66.63M

Business Description

Description
America Movil is the largest telecom carrier in Latin America, serving about 290 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 US to Verizon in 2021 and now owns a 1.4% stake in the US telecom giant. The firm also holds a 60% stake in Telekom Austria.