America Movil Co-Chair and Co-Chair of the ICT Taskforce of the B20 Leads Conversation with Woodrow Wilson Center's Mexico Institute and U.S.- Mexico Chamber of Commerce
Sept. 13, 2012
/PRNewswire-USNewswire/ -- During a trip to
Carlos Slim Domit
met with experts and industry stakeholders to address the current state and the future of
and Latin American telecommunications. Slim Domit's discussion was co-hosted today by the Woodrow Wilson Center's Mexico Institute and the U.S.-
Chamber of Commerce.
As the Chairman of the Board of Directors for
and Telmex and the Co-Chairman of
's largest telecommunications company, as well as a member of the Telmex and Carlos Slim Foundations, Slim Domit offered unique insight into
's competitive telecommunications industry, as well as the unique opportunities that greater broadband adoption and universal access can provide.
During the meeting, Slim Domit laid out the historical growth of mobile penetration in
over the past 10 years, detailing the competitive climate in which
competes in, highlighting the importance of opening up voice, data, and video delivery in order to reach universal access. Additionally, he highlighted the philanthropic work of the Carlos Slim Foundation, including partnerships with the government like Connect2Compete in the U.S., aimed at increasing broadband adoption. Slim Domit provided hard numbers and historical data to contextualize global declining rate trends, consistent with
's sector. He ended by offering his perspective on how currently underserved regions in
can benefit by allowing telecommunications providers to carry the full capabilities of their networks to users, emphasizing that the telecommunications sector requires ongoing large investment.
and Latin American telecommunications can lead to important growth in mobile and broadband adoption. That growth fundamentally changes the economic landscape and opens up worldwide opportunities for citizens. America Movil has already invested
in telecommunications infrastructure, building the platform for the next wave of innovation. Today's meeting offered an opportunity to share those innovations and the lessons we've learned at this time of growth with key stakeholders and look forward to building our relationships moving forward," Slim Domit said.
In 1991, Telcel had 35 thousand customers, one third of the cell phone market in
. The development of the prepaid model and heavy investment in coverage, capacity and adoption of new technologies allowed for faster growth than the competition.
provides service in 180,000 communities while the closest competitor serves 80,000.
is the 3
largest operator in the world by market cap.
Slim Domit will also attend the Congressional Hispanic Caucus Institute gala dinner,
Keeping the Founders' Promise
About America Movil
America Movil is a leading wireless services provider in
and the world's fourth largest mobile network operator in terms of equity subscribers. A venture of Carlos Slim,
provides services to 310 million mobile subscribers in 30 countries.
A subsidiary of
, Telmex is a Latin American telecommunications company and the dominant fixed-line phone carrier in
, owning 90 percent of the telephone lines in
City. In addition to traditional fixed-line telephone service, Telmex also offers Internet access, data, hosted services and IPTV.