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Carlos Slim Sees Fat Profits on the Internet
Keywords:
Tags: Current Focus, Mexico, Telecom,
Carlos Slim's America Movil has expanded quickly throughout Latin America in the last decade. It now has 225 million customers. It offers innovative solutions in a region where credit cards are not as widespread and incomes are lower. Prepaid cards let customers of America Movil use its service in large numbers. It started with 10 million customers in Mexico, about ten years ago. A new strategy is to expand data streaming and internet services in the same way, by offering low cost prepaid cards that let people in Brazil use the service for 2 weeks, and similar pricing elsewhere in Latin America. America Movil has 60 million internet customers at this time. The target is to get 400 million people online using mobile phone devices iin the Latin American region.
America Movil, Carlos Slim and Telefonos de Mexico
01/20/2009
Expansion in 18 countries of Latin America by Carlos Slim's America Movil, mobile telephone company. The mobile service now has 225 million customers in Latin America. It offers innovative solutions of prepaid cards for small amounts of money to serve a vast region with lower incomes, where credit cards are not widespread. The new strategy is to sell data services, live video streaming, in the same way, through prepaid cards of as low as $4 for 2 weeks of data service.
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Carlos Slim Sees Fat Profits on the Internet
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