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...