AMERICA MOVIL: LATIN AMERICAN COMPANY

This is a Mexican Company with operational presence in 18 American countries. Its services are focused in telecommunications, mainly in wireless communication.

Mexico and Brasil are the major markets. The first one operates under the name Telcel, and the second one by Claro. The last brand works also in Chile, Paraguay, Uruguay and Argentina.

In Colombia also has the biggest portion of the mobile communication market through the name Comcel.

Other countries with America Movil existence are: Salvador, Guatemala, Panamá, Nicaragua, Perú, Ecuador, Puerto Rico, Republica Dominicana, Jamaica, Honduras and off course, United States.

The number of mobile users are around 182 millions, and it also has fixed lines in Central America and the Caribbean, there are 3,8 million of them.

It is important to mention this company because its major shareholder Carlos Slim, besides being currently the world's richest man, he has been brought forward this company and he has positioned itself as one of the largest in the telecommunications sector. For that reason is essential to highlight some of his thoughts and strategies that led his business to success.

• His decision to buy and improve the performance of other companies and of the state monopoly.
• His way of life, simple, prudent and without luxuries.
• The importance to start from scratch and from small businesses in order to diversifed its portfolio of services (Nowadays he owns not only America Movil but also the Inbursa Mexican Bank, the conglomerate Carso Group -includes a hotel network, industrial and construction firms, among others).
• His extensive knowledge not only in the field of business but also in the philanthropic, cultural and even in sports, has made him an integrity man who can manage its diverse and powerful companies in the best possible way as he has done until now.

According to the information mentioned above, all the companies that belongs to the Latin American region should adopt these practices to carry them to success and to a continuous growth. This would not only benefit themselves but also their own country, excluding more and more the inequalities that plague most countries in Central and South America.

References:

El Colombiano (2010). Carlos Slim, la disciplina es su clave, from Elcolombiano.com.co Website: http://www.elcolombiano.com/BancoConocimiento/C/carlos_slim_la_disciplina_es_su_clave/carlos_slim_la_disciplina_es_su_clave.asp

Portafolio (2010). Conozca a Carlos Slim, el hombre más rico del mundo, from Portafolio.com.co Website:http://www.portafolio.com.co/economia/economiahoy/ARTICULO-WEB-NOTA_INTERIOR_PORTA-7405067.html

America Movil, Business News Americas (2010). Telecommunications Company Profile, from Bnamericas.com Website: http://www.bnamericas.com/

You Tube (2010). Carlos Slim Helu takes No. 1 spot on Forbes World´s Billionaires 2010, from Youtube.com Website http://www.youtube.com/watch?v=y-sXbuMHLEE