America Movil, S.A.B. de C.V. American Depositary Shares (each representing the (AMX)

Competitors to America Movil, S.A.B. de C.V. American Depositary Shares (each representing the (AMX)

AT&T Inc. 

AT&T is a major player in the telecommunications market, particularly in the United States, where it competes with America Movil for mobile and broadband services. Both companies have extensive wireless networks, and AT&T offers a wide range of services including wireless communication, digital television, and high-speed internet. America Movil competes with AT&T by leveraging its strong presence in Latin America and offering competitive pricing, particularly in prepaid mobile plans. However, AT&T's brand recognition and scale in the U.S. market give it a competitive edge, particularly in sectors like 5G deployment and media content distribution.

Millicom International Cellular S.A. 

Millicom, which operates in Latin America through its Tigo brand, competes with America Movil primarily in mobile and broadband services. Both companies target similar customer segments, but America Movil's broader footprint and scale give it an advantage in terms of infrastructure and service offerings. While Millicom focuses on innovation and customer service to differentiate itself, America Movil’s extensive reach and established brand recognition in the region provide it with a dominant position in the market, often leading in subscriber numbers and revenue.

Rogers Communications Inc. 

While Rogers Communications is primarily focused on the Canadian telecommunications market, it does compete with America Movil in specific segments such as international calls and roaming services for travelers. America Movil capitalizes on its extensive Latin American operations to cater to consumers needing cost-effective international communication solutions. However, in Canada, Rogers enjoys a competitive advantage through its established network and diverse service offerings, including bundled plans and extensive customer loyalty programs, which are less prevalent in America Movil's target markets.

Telefónica S.A.

Telefónica, a Spanish multinational, competes with America Movil primarily in the Latin American market, where both companies have significant operations. They offer similar services such as mobile telephony, broadband, and digital services. However, America Movil benefits from a larger market share in several Latin American countries compared to Telefónica, allowing it to reach a broader customer base and provide lower pricing in certain segments. Telefónica's strong focus on innovative digital solutions can sometimes position it favorably in specific markets, but overall, America Movil holds a competitive advantage in terms of scale and customer reach.

Verizon Communications Inc. 

Verizon is another strong competitor in the telecommunications industry that competes directly with America Movil in both mobile and broadband services, particularly within North America. Verizon's extensive 5G network and its reputation for high-quality service create a competitive advantage over America Movil, especially with customers seeking reliable connectivity. While America Movil has a robust presence in the Latin American market, Verizon's strategic focus on expanding its 5G capabilities and bundle services gives it an edge in the competitive U.S. landscape.