America Movil history

At the end of 1995 it held 57 percent of the market--a growing market because of frustration with poor service and installation delays by Telmex for fixed-line phones.

Telcel pioneered in the use of prepaid phone cards--called Amigo cards--in 1996 for economically minded customers.

Telcel introduced a PCS system in Mexico City in 1999 and later extended this service to all regions of Mexico.

At the end of the summer of 2000, it had almost 9 million of the almost 12 million cellular-phone subscribers in Mexico.

…in Telmex was acquired by América Móvil—Latin America’s leading mobile-phone company—which had been spun off from Telmex in 2001, although Slim retained ownership of it.

Counting not only acquisition costs but also fees for wireless licenses and infrastructure investments, the company spent almost $5 billion in 2002-03 to launch Claro.

2003 América Móvil is the second-largest mobile-phone company in Brazil.

2004 The value of América Móvil stock has more than tripled in two years.

On November 15, 2005, the company signed an international pact with Ooredoo to jointly deliver various international services.

By 2007, América Móvil's valuation was over $100 billion.

In 2009, América Móvil partnered with Nokia to use Nokia maps as its location-based service in Latin America.

In January 2010, it made an offer to buy Carso Telecom and Telmex International ($21 billion for Telmex) in order to better compete against Spain's Telefonica and Malaysia's Telekom Malaysia.

In 2018, the company's chief executive Daniel Hajj announced that América Móvil is seeking a TV license in Mexico.

In January 2019, America Movil announces the acquisition of Telefonica's operations in Guatemala and El Salvador for $333 million and $315 million respectively.