America Movil

What America Movil does

América Móvil, S.A.B. de C.V., is the largest integrated telecommunications operator in Latin America and the world's largest mobile operator outside of China and India, measured by subscribers. Founded in 2000 as a spin-off from Telmex and led by CEO Daniel Hajj Aboumrad since inception (with Carlos Slim Domit as Chairman since 2011), the company provides wireless voice and data, fixed-line telephony, broadband, pay-TV, and enterprise connectivity services across 22 countries in Latin America, Central America, the Caribbean, and Eastern Europe. Its portfolio of wholly-owned operating brands includes Telcel and Telmex (Mexico), Claro (Latin America), Embratel and Net (Brazil), Telekom Austria Group (Austria and Eastern Europe), and Tracfone (US MVNO), collectively serving 331 million wireless subscribers and 79 million fixed revenue generating units as of December 31, 2025.

The company's core technology stack consists of owned and operated telecommunications infrastructure, including 5G mobile networks (deployed across Mexico, Brazil, Colombia, Ecuador, and Central America), fiber-optic fixed broadband, satellite services via Embratel, and a growing footprint of carrier-grade data centers (most recently a new 90-rack modular facility in Buenos Aires). It is also a co-founder of a global network API joint venture alongside AT&T, Deutsche Telekom, Orange, Verizon, and other tier-1 operators, enabling developer monetization of network capabilities. The business model is predominantly subscription-based: consumer and SMB subscribers generate recurring mobile and fixed-line revenue, while enterprise and government customers are served through quote-based managed-services contracts for connectivity, cloud, and digital transformation. Subscription streams are augmented by value-added services (OTT content, fintech), media rights (including exclusive Olympic content distribution in Latin America through 2032), and nascent network-API licensing.

Revenue is concentrated in mobile and fixed services, with reported FY2025 sales of approximately $52.5 billion and a Q1 2026 EBITDA margin of 40%. Capital expenditure is held steady at $7 billion per year through 2028 to fund 5G and fiber rollouts, and management projects annual revenue growth of 4.0%–5.0% and EBITDA growth of 4.5%–6.0% over that horizon. Distribution occurs through owned retail stores, authorized dealer networks, direct enterprise sales teams, and digital self-service channels across all operating subsidiaries.

Name

America Movil

Legal name

América Móvil, S.A.B. de C.V.

Website

https://americamovil.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

América Móvil is a Mexican-headquartered telecommunications conglomerate operating across 22 countries in Latin America and Eastern Europe, providing mobile, fixed-line, broadband, TV, and enterprise connectivity services to over 410 million subscribers under brands including Telcel, Claro, Telmex, and Telekom Austria.

Ownership category

akta.pro rank

Product category

Wireless Telecommunications Services

NAICS

Wireless Telecommunications Carriers (except Satellite) (517112)

SIC

Radiotelephone Communications (4812)

akta.pro primary industry

Consumer Mobile Network Operators (Retail MNOs) (HDAIAAAA)

Keywords

• Wireless telecommunications
• Mobile network services
• Broadband internet
• Fixed line telephony
• Enterprise connectivity

Headquarters

HQ city

Mexico City

HQ country

Mexico

HQ region

Latin America

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Mobile Services: Wireless telecommunications services including voice, data, and messaging across mobile networks in 20+ operating countries
2. Fixed-line Services: Fixed-line telephony, broadband, and fiber services through Telmex (Mexico) and other regional subsidiaries
3. Enterprise Solutions: B2B services including network connectivity, managed services, and digital solutions for business customers
4. Value-Added Services: Premium content, OTT services, fintech offerings, and other增值服务
5. Network APIs: Global network API venture with other major telecom operators enabling developers to create applications that work across networks

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

América Móvil is an integrated telecommunications operator providing mobile wireless, fixed-line telephony, broadband, pay-TV, and 5G services to consumers and enterprises across 22 countries through regional brands Telcel, Claro, Telmex, Embratel, Net, Tracfone, and Telekom Austria Group. The company also offers value-added services (premium content, OTT, fintech), enterprise managed network and digital transformation solutions, data center capacity, and emerging network APIs for developers.

Product overview

América Móvil operates as a diversified telecommunications conglomerate offering mobile, fixed-line, broadband, and TV services across 22 countries in Latin America, Central America, and Eastern Europe. The company's portfolio includes multiple regional brands: Telcel and Telmex (Mexico), Claro (Latin America), Embratel and Net (Brazil), and Telekom Austria Group (Europe). The integrated platform approach combines wireless operations (mobile voice and data), fixed-line services (broadband and voice), 5G network capabilities, and fiber optic infrastructure. Recent additions include modular data center services and IPTV monitoring platforms. The company also acquired Desktop in Brazil to expand its broadband footprint.

Differentiator

Problem solved

Functional benefit

Brands

• Telcel / Telmex (Mexico): Mexico operations under Telcel for wireless and Telmex for fixed line services
• Claro (Latin America)
• Telekom Austria Group
• Embratel / Net (Brazil)
• ClaroVTR (Chile)

Products and services

• Telcel (Mobile Wireless - Mexico) Mobile wireless voice, data, messaging, and value-added services for consumer and business customers in Mexico under the Telcel brand.
• Telmex (Fixed-line and Broadband - Mexico) Fixed-line telephony, broadband internet, and enterprise connectivity solutions in Mexico under the Telmex brand, the legacy fixed-line operator from which América Móvil was spun off in 2000.
• Claro (Latin America Integrated Telecommunications) Integrated telecommunications brand operating across Latin America (Colombia, Peru, Ecuador, Argentina, Chile, Brazil, Central America, and the Caribbean), offering mobile, fixed-line, broadband, and pay-TV services.
• Embratel (Enterprise and Satellite - Brazil) Brazilian telecommunications brand providing enterprise solutions, satellite communications, and data center services for corporate and government customers.
• Net (Pay-TV and Broadband - Brazil) Brazilian pay-TV and broadband provider offering cable television, internet, and telephone services to residential and business customers.
• Telekom Austria Group (Mobile, Fixed, Digital - Austria and Eastern Europe) European telecommunications subsidiary operating in Austria and Eastern Europe (including the A1 brand), providing mobile, fixed-line, and digital services across eight countries.
• Tracfone (Prepaid MVNO - United States) US-based prepaid mobile virtual network operator (MVNO) offering affordable wireless plans and mobile services to value-conscious consumers in the United States.
• 5G Mobile Services Fifth-generation mobile network services offering high-speed data (up to 1.5Gbps), deployed across multiple Latin American markets including Ecuador, Colombia, Mexico, and Central America.
• Claro Argentina Modular Data Center (Buenos Aires) Modular data center facility in Buenos Aires with initial 650kW capacity across 90 racks and 736 sqm built area, designed for progressive expansion without major structural modifications.
• Global Network APIs (Developer Platform) Network APIs that enable developers to build applications leveraging telecom network capabilities across multiple operator footprints, monetized via licensing/royalty revenue.
• Desktop (Broadband Internet - Brazil) Brazilian broadband internet service operating in São Paulo state with over 1.2 million subscribers across 200+ cities and a 58,000 km fiber network, acquired by América Móvil's Claro in March 2026.

Quantifiable outcome

• 40% EBITDA margin achieved in Q1 2026
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered minor and core.

• IgetelminorChannel Partner/ Reseller/ Distributor · 15 June 2026Enensys partnered with reseller Igetel to deploy its StreamProbe IPTV monitoring platform for Claro Honduras, covering over 200 IPTV channels.
• International Olympic Committee (IOC)coreStrategic or Co-development Partner · 18 December 2025IOC continues media rights partnership with América Móvil Contenido in Latin America from 2026 to 2032, providing exclusive Olympic content distribution rights across the region.
• Network API Venture (AT&T, Deutsche Telekom, Orange, Reliance Jio, Singtel, Telefonica, Telstra, T-Mobile, Verizon, Vodafone, Ericsson)coreStrategic or Co-development Partner · 12 September 2024Major telecom operators including América Móvil announced a new venture to sell globally integrated network APIs to foster innovation in digital services, enabling developers to create applications that work universally across networks.
• IndecopiminorOthers · 29 May 2024América Móvil Perú S.A.C. (Claro) filed a complaint with Indecopi against Viettel Perú S.A.C. (Bitel) for unfair competition over a digital advertising campaign, which was partially resolved in April 2026 with Bitel fined.

Scale indicators12 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Telefónica: Spanish-headquartered global telecommunications carrier with major wireless and fixed-line operations across Latin America (particularly Brazil through Vivo, Argentina, Colombia, Chile, Peru, and Mexico). Telefónica is the most direct large-cap incumbent peer, competing head-to-head with Claro in most AMX markets and sharing similar integrated mobile/fixed/broadband business models.
• Vodafone Group: UK-headquartered global telecommunications carrier operating mobile and fixed networks across Europe, Africa, and emerging markets. Vodafone is a Network API consortium co-member with AMX and shares similar large-scale carrier economics, capex-intensive infrastructure model, and multi-country operating footprint.
• Deutsche Telekom: German-headquartered global telecommunications carrier controlling T-Mobile US and operating across Europe. Deutsche Telekom is a Network API consortium co-member with AMX and shares comparable scale, integrated mobile/fixed operations, and disciplined capital allocation across multiple jurisdictions.
• AT&T: US-headquartered diversified telecommunications carrier providing wireless, broadband, and enterprise services. AT&T is a Network API consortium co-member with AMX and shares similar integrated mobile/fixed business model, large capex requirements, and B2B/B2C segmentation across multiple geographies.
• T-Mobile US: US-headquartered wireless network operator majority-owned by Deutsche Telekom, providing mobile voice, data, and fixed wireless access services. T-Mobile is a Network API consortium co-member with AMX and shares comparable scale advantages in subscriber growth, 5G deployment, and postpaid mix expansion.

Direct peers

• Liberty Latin America: US-headquartered telecommunications operator focused on Latin America and the Caribbean, providing mobile, broadband, video, and enterprise services. Liberty Latin America is AMX's JV partner in ClaroVTR Chile and competes with Claro across Central America, Caribbean, and Chile, sharing a similar multi-market operating model.
• Millicom International Cellular: Luxembourg-based telecommunications company providing mobile, broadband, cable, and fintech services across Latin America (Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Colombia, Paraguay, Bolivia). Millicom directly competes with Claro in Central American markets with a similar integrated telecom and digital services strategy.

Emerging players

• Reliance Jio: Indian-headquartered digital services and mobile network operator that has rapidly scaled to become the largest MNO in India by subscribers. Reliance Jio is a Network API consortium co-member with AMX and shares similar aggressive subscriber growth, digital services diversification, and 5G/fiber investment thesis, though it operates exclusively in India.

Regional players

• Telecom Argentina: Argentina's leading integrated telecommunications provider offering mobile (Personal brand), fixed-line, broadband, and pay-TV services. Telecom Argentina directly competes with Claro Argentina in AMX's third-largest market, sharing similar mobile/fixed convergence model and FX/country risk exposure.
• Oi (Brasil Telecom): Brazilian integrated telecommunications operator providing mobile, fixed-line, broadband, and pay-TV services following its judicial restructuring. Oi competes with Claro/Embratel/Net in AMX's second-largest market and represents a potential future consolidation target as Brazil's telecom market continues to rationalize.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Telcel
• Facebookfacebook.com/108227899205108
• LinkedInlinkedin.com/company/am-rica-m-vil

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries9 records

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about America Movil