América Móvil to deploy EDGE

12 Feb 2003

América Móvil [NYSE: AMX], the Latin American mobile holding company, has awarded Nokia [NYSE: NOK] a contract for the deployment of EDGE network infrastructure for its subsidiaries in Colombia (Comcel) and Ecuador (Conecel). Under the terms of the agreement Nokia will supply its end-to-end GSM/GPRS/EDGE solution for 800MHz networks, which will include core network and radio access. Subscribers will be offered the choice of dual-band (GSM 800/1900) and tri-band (800/900/1900) handsets including the Nokia 6200.

América Móvil was established in September 2000 after the mobile assets of Mexican fixed line operator Teléfonos de México (Telmex) were spun off to form a stand alone company. At the end of 2002 the group boasted 31.6 million wireless customers across six countries. Its principal asset is the Mexican mobile operator Telcel, which generated almost two thirds of its 2002 revenue and three quarters of its EBITDA.