Telecommunications Companies: America Movil Essay

1383 words - 6 pages

Latin America has been known throughout history to take orders and to have resources taken away from their bare hands. They were never appreciated for the struggles that they went through to provide distant countries with useful resources. Fast-forward to the new twentieth century and Latin America has taken over the corporation scene, an example being the company known as America Movil. A company that is putting Latin American countries on the map once again, but this time no one is managing them instead they are managing themselves.
There are many telecommunication companies out in the world but a major one that is taking the world by storm is a company called America Movil; it was founded back in September 2000 by its owner Carlos Slim Helu as a side project for Telmex in Mexico City, Mexico, which is also its headquarters. (p.2) America Movil helps provide services to 246 million cellphone and landline users in 18 different countries and provides31 million with landlines, employs about 200,000 workers, and is known as the fourth largest mobile network operator (p.2), some of those countries where its services can be found are in Jamaica, El Salvador, Guatemala, Honduras, Argentina, and many more. Not only do they provided telephone services but they also provide broadband and fixed line Internet, and digital television. As a side not America Movil provides television services to about 19 million subscribers, and broadband services to 19 million users as well. (p.2)
The owners who were mentioned before are Carlos Slim as the chairman, and Daniel Abourmrad as the CEO of the company who is also Carlos’s son in law. Carlos Slim was born in Mexico City, Mexico, and clams to be an investor and a philanthropist. At the age of 12 he had already bought some shares in a Mexican bank, and according to an article in Wikipedia he studied civil engineering at the National Autonomous University of Mexico. He went on to be a trader and fast forward to the years 2007, 2010-2013 Slim has been named as one of the richest person in the world with his net worth being about $75.5 billion in US currency. Along with success comes failure, and Carlos is a victim to it; according to an article in the NY Times in 2009 Carlos slim has been seen as an evil monopolist. Stating that he was not the one who took over the Telmex Company rather it was his “ political connections that won him the company.” (p. 4) Also Denise Dresser a political scientist states that Slim did not become rich by his business ways but became rich by “the favorable government treatment.”
Even though the media has a negative outlook of Carlos there is no doubt that his company has made a name for its self. Since America Movil was a side company it has also branched out many new side companies as well, or also known as sister companies. Some of its sister companies are Telmex, Claro, Telcel, and Tracfone Wireless. Since America Movil bought Telmex it has since then been considered a sister...

Find Another Essay On Telecommunications Companies: America Movil

Communications Technology: Global Information Infrastructure Essay

4627 words - 19 pages IntroductionWe are in the midst of a global information revolution driven by the convergence and proliferation of information and communication technologies. The telecommunications sector is changing at warp speed, driven by technological innovation that results in new equipment and services, and also by new entrants and alliances between companies with experience in a wide range of information industries from telecommunications to broadcasting

This report is about IT industry of Ireland.

2447 words - 10 pages other country in Europe, according to a Europe wide study by IDC.1.2 Information and Communications Technology (ICT) OverviewThe Irish information and communications technology (ICT) sector is very dynamic as international and indigenous companies seek to establish competitive positions in the computer hardware, software, telecommunications, e-commerce, e-business, m-commerce, and internationally tradable services segments. The dynamic nature of

Country Overview of Telecommunication Industry

1633 words - 7 pages accounted for 30 percent of the industry’s revenue. In 2003 there were 154 million cellular telephone subscribers and over 94 percent of US homes have telephones.In 2000 and 2001 competition in the telecommunications industry was at its peak as a result of two government regulated events; 1. The split of AT&T in 1984 into one long distance company and seven regional companies providing local services. 2. In 1996 all communications markets were

Communications Technology: Global Information Infrastructure

4395 words - 18 pages IntroductionWe are in the midst of a global information revolution driven by the convergence and proliferation of information and communication technologies. The telecommunications sector is changing at warp speed, driven by technological innovation that results in new equipment and services, and also by new entrants and alliances between companies with experience in a wide range of information industries from telecommunications to broadcasting

Frequency Spectrum Management

2118 words - 8 pages competitiveness and global technology leadership depend, in part, upon the availability of additional spectrum. The world is going wireless, and we must not fall behind” (Obama, 2010). In the 1990s, America started a revolution in technology which was led by investments from American companies and the public sector in a communications infrastructure that is now known as the internet. The economic life of almost every American who owns a small

Anti Trust Laws in the COmmunications Industry

866 words - 3 pages system of telecommunications regulation: its decentralization got the job of transforming monopoly into competition much faster done than the centralized European telecommunications systems where every change becomes an affair of state. In America, in contrast, telecommunications reform was a struggle with many small skirmishes rather than a central all-consuming battle.Until this Act, that is. Now, Congress took the "omnibus" approach of dealing with

Worldcom

3273 words - 13 pages Worldcom Question 1. A summary of Worldcom, historical data and background. Worldcom will soon be one of the largest telecommunication companies on the planet. Worldcom has built its global presence through a multitude of financial acquisitions and investments, highly successful product marketing programs, while making business alliances with many of the most successful companies in the technology and telecommunications sector

Wire and Wireless Systems in Telecommunications

2390 words - 10 pages straight line to your router and have the essential hardware and or software within the device to transmit voice over the internet. Newer companies and call centers normally have IP Phones as part of their internal PBX system. IP Phones are more cost-effective for larger companies and have all the same features. They are also very simple for an IT department to setup as it is simply connected to their router or switch, where as a PSTN line is

Diversity is the New Trend of Corporate America

939 words - 4 pages telecommunications companies are pitted against one another and cable television companies are feeling the heat from satellite dish networks, competition has become a way of life. The key focus that companies live by today is that change is constant and competition the norm for what you are not willing to do someone else will do, and better. Numerous studies demonstrate that diversity impacts organizational performance. As a result, diversity issues have

The Dream

1118 words - 4 pages successful in their industry. (PBS)      Paramount embodies the classic American dream. A young immigrant comes to America with forty dollars in his pocket, and a dream in his head, and creates one of the most powerful and successful production companies in history. This production company that began with a dream brought us our own chances to imagine far away lands full of adventure, love, good fortune, and even the

Ericsson's Marketing strategy in China

1659 words - 7 pages to the domestic market for various supplies, more and more Ericsson's traditional partners - telecommunications companies of world fame - are attracted to China. To better meet the need of its production bases in China, Ericsson has undertaken to build an extensive and complete supply network a couple of years ago and has encouraged many of its first-level suppliers, which scattered all over the world, to invest in China. Finland's Elcoteq and

Similar Essays

Levels Of Planning At Sbc Essay

922 words - 4 pages telecommunications investors. In South and Central America, after SBC had bought Telmex, it spun-off its mobile and international affinities into America Movil. America Movil owns the majority of Telecom America, which operates four wireless companies in South America. In Central America is has 6.2 percent stake in Tegua, a provider of fixed wireless, Internet, cable TV, paging, and data transmission services. In Africa, it was the first operating company

Hostile Takeovers Essay

715 words - 3 pages takeovers. Nowadays, the annual transaction activity amounts to $2,000 billion representing over 30,000 deals worldwide. There are six merfger waves up till now. These merger waves occurred in 1900, 1920, 1960, 1980, 1990 and in 2000. The most recent takeover is of KPN by Mexican company of America Movil and Fairstar by Dockwise. Reasons of Hostile Takeover: There are many reasons that companies takeover other companies. Management of a company

History Of Telecommunications Essay

798 words - 3 pages History of Telecommunications *Works Cited Not Included There were numerous people and inventions that helped shaped the modern path of telecommunications. It is because of these important people and inventions that have made telecommunications into what it is now. Telecommunications technology has gone through many changes within the last one hundred to two hundred years. Many inventions such as the telephone

The World Of Telecommunications Essay

4691 words - 19 pages The World of Telecommunications We are in the midst of a global information revolution driven by the convergence and proliferation of information and communication technologies. The telecommunications sector is changing at warp speed, driven by technological innovation that results in new equipment and services, and also by new entrants and alliances between companies with experience in a wide range of information industries from