América Móvil, S.A.B. de C.V. (“AMX”) (BMV: AMX; NYSE: AMX; Nasdaq: AMOV; LATIBEX: XAMXL) and AT&T* announced today that they have signed a strategic memorandum of understanding to explore ways of delivering enhanced communication services to multinational companies throughout Latin America and to multilatinas in the rest of the world.
Today’s announcement builds upon the decades-long relationship between AT&T and América Móvil’s group of companies. The proposed agreement recognizes the needs of global companies to dramatically improve and increase their productivity, using the latest IP-based technologies available to run their operations and deliver services and solutions in key countries and regions throughout the world – including growth markets like Latin America, Asia and the Middle East.
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 fromemerging markets;
- AT&T would be able to deepen its existing reach in Latin America using América Móvil networks in 15 countries throughout the region;
- América Móvil 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.
- Working together to deliver enhanced VPN services and solutions to multinational companies doing business in or with operations throughout Latin America. The two companies will collaborate on integrating the latest technologies into their networks, and will work, as well, on automating and simplifying processes for delivering and supporting network services and solutions.
“As part of AT&T’s commitment to deliver consistent and seamless global services for our enterprise customers, we continue to evolve our strategy to establish alliances in key regions in the world. This involves the harmonization of infrastructure, services, systems and processes generating unprecedented value for our business customers,” said Roman Pacewicz, AT&T Business Solutions senior vice president of marketing and global strategy. “This, in turn will enable multinational companies to compete better globally, knowing that their services and applications are being handled by our world-class IP network, capabilities and support.”
“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.”
AT&T is a world leader in global business communications, serving the largest and most demanding multinational customers, and has developed a consistent strategy of following global GDP growth in emerging economies such as Brazil and China, backed by a long term investment plan. AT&T serves all of the Fortune 1000 companies and, in Europe, 50% of the FTSE companies, more than 85% of the CAC 40, over 80% of the DAX and over 60% of Nikkei 225 companies. AT&T’s global IP-based network capabilities, assets and resources are widely regarded as unsurpassed in the marketplace, enabling AT&T to offer outstanding services to companies all over the world. The AT&T network carries more than 23.7 petabytes of data traffic on an average business day and includes more than 886,000 fiber route miles worldwide. AT&T can provide MPLS-based IP services to 182 countries, which represent 99% of the world’s economy. AT&T offers 3G mobile services in more than 115 countries.
América Móvil is the leading Latin America convergent telecommunications service provider. It offers voice and broadband services on both fixed and mobile platforms as well as PayTV services delivered via cable, satellite and IPTV platforms. América Móvil´s expansive 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. With more than 300 million fixed and mobile accesses in the Americas, it is one of the largest telecom companies in the world. América Móvil provides enterprise services through its Telmex Corporate and Global Services brand.
*AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc.