America Movil SAB de CV ADR AMX

America Movil is the largest telecom carrier in Latin America, serving about 280 million wireless customers across the region. It also provides fixed-line phone, Internet access, and television services in most of the countries it serves. Mexico is the firm’s largest market, providing about 30% of revenue. Movil dominates the Mexican wireless market with about 63% customer share and also serves about half of fixed-line Internet access customers in the country. Brazil, its second most important market, provides about 20% of revenue. Movil operates a low-margin wireless resale business in the U.S. under the Tracfone and Straight Talk brands, accounting for 15% of revenue. The firm holds a 51% stake Telekom Austria and a 16% stake in Dutch carrier KPN.