With presence in all key Latin American markets, a comfortable debt payment schedule for the next 10 years, and an undisputed lead in the region, what’s left for America Movil to do? The Mexican cellphone provider, part of the empire of billionaire and Forbes list fixture Carlos Slim, will focus on growing its 3G services in the 18 countries where it operates.
Chief Financial Officer Carlos Garcia-Moreno spoke with Reuters during the Latin American Investment Summit in Mexico City, where he forecast that data traffic could make 25 percent of the company’s overall revenue within three years.
He bets that the arrival of new, cheaper cellphones with catchy web-surfing features will help the company’s data traffic rise. The company is also planning to sell netbooks across the continent to help lift its 3G income.
Summit Notebook
Exclusive outtakes from industry leaders
3G all the way for Mexico’s America Movil
Post a comment
Posted by: cyntia.barrera
Post Your Comment
House Rules:
- We moderate all comments and will publish everything that advances the post directly or with relevant tangential
- We try not to publish comments that we think are offensive or appear to pass you off as another person, and we will be conservative if comments may be considered libelous.information.
