América Móvil wants 100m clients in two years

22 Jun 2005

Mexico-based Latin American wireless operator América Móvil has revealed that it expects to build up a customer base of more than 100 million subscribers within two years. The company currently has just over 66 million customers across eleven markets, including almost five million in the US, making it the region’s largest wireless operator. In 2000 95% of its clients were in its domestic market but its rapid international expansion over the past five years means that 55% of users are now outside Mexico. According to a Dow Jones report, América Móvil says it intends to invest around USD2 billion a year between now and 2010.

Mexico, America Movil (AM)