Who is América Móvil? It is not surprising few people in the United States have heard of América Móvil (América Móvil, S.A.B. de C.V) because its headquarters are in Mexico City, Mexico. Let’s take a little look at the history of América Móvil, and then I’ll talk a little bit about its holdings that are located in the United States.
Wikipedia says that América Móvil is a Mexican telecommunications corporation headquartered in Mexico City, Mexico. It is the 7th largest mobile network operator in terms of equity subscribers and one of the largest corporations in the world. América Móvil is a Forbes Global 2000 company.
Moreover, América Móvil also has 84.3 million fixed revenue-generating units (“RGUs.). In this case, RGUs consist of fixed voice, fixed data, and Pay TV units. Telcel is the largest mobile operator in Mexico City, Mexico. The company operates under its Claro holdings in many countries in Latin America and the Caribbean.”
According to IBISWorld, “America Movil Sab De Cv is a public company headquartered in Mexico with an estimated 186,851 employees. In the US, the company has a notable market share in at least one industry. That industry is Telecommunications Resellers, where they account for an estimated 44.2% of total industry revenue. In addition, the Company is recognized as being an All Star because they display stronger market share, profit, and revenue growth when you look at its peers.
Brands & Trading Names: A1, Straight Talk, Telcel, Telmex Infinitum, TracFone
Operating Industries: Telecommunications Resellers in the US”
North American TracFone Wireless
TracFone Wireless, Inc. was originally set up as Topp Telecom Inc. in 1996. In 2000 Topp Telecom officially became TracFone Wireless. According to a press release published last year, TracFone is a leading pre-paid and value mobile provider. They are also one of the largest resellers of wireless services in the U.S.
TracFone has multiple brands of service: TracFone Wireless, NET10 Wireless, Safelink Wireless, Straight Talk, SIMPLE Mobile, Page Plus Cellular, Walmart FamilyMobile, and Clearway Wireless for Business. But each brand operates under its own logos and prepaid minute rates. However, their underlying network options are the same.
So, what makes TracFone so appealing to its customers? It is because of the features.
- No-contract cell phones and service!
- Nationwide Coverage on America’s Best and Most Dependable Networks.
- Call Nationally, Internationally, or Roam at local call rates.
- Lowest out-of-pocket cost for Phone and Service.
- Create your own specialized TracFone bundles.
- Calls to over 100 international destinations.
- and more
Back to América Móvil
Now let’s go back to América Móvil. The Company is where it is today due to a good knowledge of the region, a sound capital structure, and efficiency that relies on the Company’s vast operational experience. As a result, the Company is the leading wireless services provider in Latin America and the third-largest in the world in terms of equity subscribers.
Two more questions you might be asking yourself are who is America Movil’s CEO and who is America Movil’s number one competitor. I can answer both of those for you. First, Daniel Hajj Aboumrad is the Company’s CEO. The number one competitor is Millicom. According to Millicom’s website, you can see that Millicom’s headquarters are in Luxembourg with a U.S. corporate office in Miami, Florida. Millicom provides fixed and mobile services in Latin America.
Just take a look at their accomplishments:
- There are operations in 18 countries in the Americas.
- 7 countries in Europe are home to operations.
- Products and quality services are state-of-the-art
I’m glad that América Móvil has a subsidiary in the United States. I have found TracFone and Straight Talk products and services to be reliable, cost-efficient, and versatile.