Brazil poised to replace Mexico as América Móvil’s most important market

Oi's 12 million mobile subscribers are in addition to the 71.8 million mobile subscribers América Móvil already has in Brazil, according to figures from the end of March, bringing the total number of mobile subscribers to 83.4 million.

RIO DE JANEIRO, BRAZIL - Brazil could become the most important market for Mexico's América Móvil after the company acquired part of Oi's mobile business, which would replace Mexico as the dominant player in that part of the market.

América Móvil is the 7th largest mobile network operator in terms of subscribers, one of the largest corporations in the world, and the leading telecommunications company in Latin America.

The acquisition of Oi will add 12 million subscribers to Claro's subsidiary in Brazil. Five million of them have prepaid plans. Daniel Hajj, chief executive of . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?