America Movil will become one of the world’s largest telecom operators

Mon, 18 Jan 2010 | Published in Mexico

Once Slim’s companies are combined, America Movil will have clients with a total of 250 million connections, making it one of the world’s largest telecom operators.

Telmex is by far Mexico’s largest fixed-line operator with more than 80 percent market share, but cable television companies have begun to grow in recent years by offering their own Internet and phone service. Mexican regulators have blocked Telmex from offering video services, which it says it needs to compete against Televisa.

By tying up his operators, Slim wants to offer customers bundled packages of fixed-line telephone, wireless, Internet and television.

Televisa and cable companies have said they are keen to offer similar packages and that they could bid for wireless frequencies in an upcoming government auction.

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