M&A Deal Summary

America Movil Acquires Telefonos de Mexico

On August 2, 2011, America Movil acquired communications company Telefonos de Mexico

Acquisition Highlights
  • This is America Movil’s 2nd transaction in the Communications sector.
  • This is America Movil’s 1st transaction in Mexico.

M&A Deal Summary

Date 2011-08-02
Target Telefonos de Mexico
Sector Communications
Buyer(s) America Movil
Deal Type Add-on Acquisition

Target

Telefonos de Mexico

Mexico City, Mexico
Telefonos de Mexico is a telecommunications company. TELMEX and its subsidiaries provide a wide range of telecommunications services, data and video transmission and Internet access, as well as integrated telecommunications solutions to its corporate customers. Telefonos de Mexico is based in Mexico City, Mexico.

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Buyer(S) 1

Buyer

America Movil

Mexico City, Mexico

Category Company
Founded 2000
Sector Communications
Employees179,942
Revenue 869.2B MXN (2024)
DESCRIPTION

America Movil is an integrated telecommunications services company that offers customers a portfolio of value-added services and enhanced communications solutions in 22 countries in Latin America, Central, and Eastern Europe. América Movil was founded in 2000 and is headquartered in Mexico City, Mexico.


DEAL STATS #
Overall 2 of 2
Sector: Communications M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
Country: Mexico M&A 1 of 1
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-01 Embratel Participações S.A.

Rio de Janeiro, Brazil

Embratel Participações S.A is a provider of telecommunications service.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-14 TracFone Wireless

Miami, Florida, United States

TracFone Wireless is a prepaid, no-contract wireless service provider with more than 20 million subscribers through a network of over 90,000 retail locations nationwide. TracFone Wireless was formed in 1996 and is based in Miami, Florida.

Sell -