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América Móvil

Companies/Mexico  •  Curated by Admin Timeline.sg

América Móvil is a Mexican telecommunications corporation, founded in 2000 as a spin-off from Telmex. Under the leadership of Carlos Slim, it became the largest mobile phone carrier in Latin America, with significant market presence in the Americas and Europe.

Chronological Storyline (41 Milestones)

Sep 1, 2000 CE

Spin-off from Telmex

América Móvil is created as a spin-off from Telmex, separating mobile and fixed-line operations. The new company inherits Telmex's mobile assets and begins trading on the Mexican Stock Exchange.

Spin-off from Telmex
Spin-off from Telmex
By Gzzz - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=82079032
2000 CE

Carlos Slim becomes Chairman

Carlos Slim Helú assumes chairmanship, providing strategic direction and capital. His vision drives aggressive expansion across Latin America.

Carlos Slim becomes Chairman
Carlos Slim becomes Chairman
By Secretaría de Cultura Ciudad de México from México - https://www.flickr.com/photos/culturacdmx/45680472234, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=87623018
Apr 1, 2001 CE

Acquisition of Brazil's BCP

América Móvil enters Brazil by acquiring BCP, a mobile operator, marking the first major international expansion. This move establishes a foothold in the largest South American market.

2002 CE

Launch of Claro brand

Unified mobile brand 'Claro' is introduced across Latin America, replacing multiple local brands. This branding strategy enhances customer recognition and operational efficiency. )

Launch of Claro brand
Launch of Claro brand
By Claro - https://logos.fandom.com/wiki/Claro, Public domain, https://commons.wikimedia.org/w/index.php?curid=185799676
Feb 1, 2003 CE

Acquisition of AT&T Latin America

Acquires AT&T's Latin American wireless assets for $1.3 billion, expanding operations in Colombia, Ecuador, and other countries.

Jul 1, 2004 CE

Acquisition of Cingular Wireless assets in Puerto Rico

Enters the US market by acquiring Cingular's Puerto Rico operations, later rebranded as Claro Puerto Rico.

May 1, 2005 CE

Merger with Telmex International

América Móvil merges with Telmex International, consolidating mobile and fixed operations in Latin America.

2005 CE

Acquisition of TIM Peru

Acquires Telecom Italia Mobile's Peruvian operations, strengthening presence in the Andean region.

2006 CE

Acquisition of CTI Móvil in Argentina

Expands into Argentina by acquiring CTI Móvil, later rebranded as Claro Argentina.

2007 CE

Acquisition of Verizon's Latin American assets

Buys Verizon's operations in the Dominican Republic, Puerto Rico, and other Caribbean countries for $3.7 billion.

Oct 1, 2008 CE

Acquisition of Telmex (fixed-line)

América Móvil completes the acquisition of Telmex's fixed-line operations, creating a unified telecom giant in Mexico.

2009 CE

Launch of 3G services across Latin America

Introduces 3G mobile broadband in key markets, enabling faster data services and smartphone adoption.

Jun 1, 2010 CE

Acquisition of CARSO Global Telecom

América Móvil acquires the remaining stake in CARSO Global Telecom, simplifying its corporate structure.

2010 CE

Entry into European market via KPN stake

Acquires a 20% stake in Dutch telecom KPN, marking first major European investment.

Mar 1, 2011 CE

Acquisition of Telmex Internacional's stake in TracFone

América Móvil increases its stake in TracFone, a US prepaid mobile provider, to 100%.

Jan 1, 2012 CE

Acquisition of Telmex Internacional

Completes full acquisition of Telmex Internacional, integrating all international operations.

May 1, 2012 CE

Bid for KPN fails

A €7.2 billion bid to acquire full control of KPN fails due to opposition from a foundation representing shareholders.

2013 CE

Antitrust fine in Mexico

Mexico's antitrust regulator fines América Móvil $9.2 million for abuse of dominance in the fixed-line market.

Mar 1, 2014 CE

Inclusion in IFM, Forbes Global 2000

América Móvil is listed among the world's largest companies in Forbes Global 2000, with a market cap of $60 billion.

Jul 1, 2014 CE

Regulatory reform in Mexico

Mexico's telecom reform imposes asymmetric regulations on América Móvil, including network sharing and tariff controls, to boost competition.

Regulatory reform in Mexico
Regulatory reform in Mexico
By Photographed by user Coolcaesar on November 2, 2005. - en:Image:Telmexstore.jpg, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=2529323
Feb 1, 2015 CE

Carlos Slim steps down as CEO

Carlos Slim relinquishes CEO role, remains chairman. Daniel Hajj becomes CEO, signaling succession planning.

2015 CE

Divestiture of Dutch operations

Sells its remaining stake in KPN and exits the Dutch market, focusing on core Latin American and US markets.

Jan 1, 2016 CE

Acquisition of Nextel Brazil

Acquires Nextel Brazil for $905 million, expanding spectrum and subscriber base in Brazil.

2016 CE

Launch of 4G LTE in multiple markets

Rolls out 4G LTE services across Latin America, enhancing mobile broadband speeds.

May 1, 2017 CE

Sale of Puerto Rico and US Virgin Islands operations

Sells Claro Puerto Rico and US Virgin Islands operations to Liberty Latin America for $1.9 billion, restructuring US holdings.

2017 CE

Acquisition of Oi's mobile assets in Brazil (failed)

Attempts to acquire Oi's mobile assets for $7.5 billion but faces regulatory hurdles; deal eventually blocked.

2018 CE

Launch of Claro TV (pay-TV service)

Expands into pay-TV with Claro TV, offering satellite and IPTV services, competing with traditional cable operators. )

Aug 1, 2019 CE

Regulatory approval for asset swap with AT&T

América Móvil and AT&T swap assets in Mexico and the US, with América Móvil gaining additional spectrum in Mexico.

Mar 1, 2020 CE

COVID-19 pandemic response

América Móvil provides free connectivity and data to healthcare workers and educational institutions during the pandemic, fulfilling social responsibility.

2020 CE

Launch of 5G in select Latin American markets

Begins 5G rollout in Brazil, Mexico, and other countries, investing in network infrastructure.

Apr 1, 2021 CE

Proposed acquisition of Oi's mobile assets (second attempt)

América Móvil bids for Oi's mobile assets again, but the deal is later blocked by Brazil's antitrust authority.

2021 CE

Claro Colombia acquires Virgin Mobile Colombia

Claro Colombia acquires Virgin Mobile Colombia's operations, expanding its prepaid customer base.

Claro Colombia acquires Virgin Mobile Colombia
Claro Colombia acquires Virgin Mobile Colombia
By Claro - https://www.claro.com/, Public domain, https://commons.wikimedia.org/w/index.php?curid=114589302
Feb 1, 2022 CE

Sale of tower infrastructure in Mexico

Sells 7,000 telecom towers in Mexico to American Tower for $1 billion, monetizing infrastructure.

Jun 1, 2022 CE

Telmex fiber optic expansion

América Móvil invests $1.4 billion to expand Telmex's fiber optic network in Mexico, targeting 75% coverage.

2022 CE

Carlos Slim retires as Chairman

Carlos Slim retires as chairman, remaining honorary chairman. His son, Carlos Slim Domit, assumes chairmanship.

Feb 1, 2023 CE

Claro Argentina acquires Nextel Argentina

Claro Argentina receives approval to acquire Nextel Argentina, strengthening its market position.

Jul 1, 2023 CE

Launch of 5G in Brazil

América Móvil launches 5G in several Brazilian cities, offering high-speed mobile data.

Jan 1, 2024 CE

Forbes Global 2000 re-listing

América Móvil remains among Forbes Global 2000, with a market capitalization of approximately $52 billion.

Mar 1, 2024 CE

Announcement of network separation

América Móvil announces plans to separate its fixed and mobile networks under regulatory pressure, aiming to increase competition.

May 1, 2024 CE

Acquisition of Brazilian ISP Algar Telecom

América Móvil acquires Algar Telecom's fiber assets in Brazil for $1 billion, expanding broadband reach.

2024 CE

Telmex fiber optic coverage reaches 80%

Telmex's fiber network now covers 80% of Mexican households, making it the largest FTTH network in the country.