América Móvil looking for 14% rise in sales on acquistions

11 Sep 2003

América Móvil predicts that its annual sales will rise by 14% following an extensive bout of acquisitions this year. The group has spent USD1.2 billion on a number of companies including stakes in two Brazilian service providers and a 51% holding in Compania de Telecomunicaciones de El Salvador in Sal Salvador, finalised earlier this week.