Sunday, November 20, 2011

América Móvil and AT&T Sign Strategic Accord

América Móvil and AT&T announced a strategic accord to explore ways of delivering enhanced communication services to multinational companies throughout Latin America.

The memorandum of understanding calls for the two companies to develop means of expanding and enhancing the coverage of their respective IP networks, to deliver the most sophisticated services and solutions to multinational companies in and from emerging markets. AT&T would be able to deepen its existing reach in Latin America using America Movil networks in 15 countries throughout the region. America Movil would benefit from being able to use AT&T's global network infrastructure to provide global IP-based services to its customers in the United States and the rest of the world.

América Móvil currently serves more than 300 million fixed and mobile accesses in the Americas. Its network assets reach across 18 countries in the Americas and includes more than 294 million fiber route kilometers, internet data centers in each of the major metropolitan markets, fixed broadband data and hybrid-fiber coax networks passing more than 42 million households, and 5 satellites in orbit providing broad coverage for the PayTV service.

"We are pleased with the proposed expansion of our long standing and trusted relationship with AT&T," said Isidoro Ambe Attar, Chief Executive, Telmex Corporate and Global Services. "We have been working side by side for 20 years, sharing technology and operational expertise. Our proposed strategic agreement further reinforces our commitment to offer the best and broadest services to our customers."

  • As of September 30, 2011, América Móvil had 241.5 million wireless subscribers and 56.4 million fixed revenue generating units in the Americas.