Details from a report given to the Securities and Exchange Commission on the company's activities in the six Central American countries during the first quarter of 2014.
Operating revenues in Central America (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama) during the first three months of 2014 increased by 12.1% compared to the first three months of 2013.
Candidate Mauricio Funes met with Mexican magnates Carlos Slim and Ricardo Salinas promising to respect their investments in case he wins the elections.
Funes, former news anchor for CNN, is the favorite to win the elections to select a successor to president Elias Antonio Saca from the right. If he wins, it would be the first time that the ex-guerrilla Farabundo Marti Front for National Liberation (FMLN in Spanish) is in power.
They produce 28 percent of the GDP in the area. Their performance sets the pace for economic activity and industry trends.
Mexican America Movil and Arkansas giant Wal-Mart are, without a doubt, the two biggest stars in the ranking, evidencing the significant activity in telecommunications and retail sales in the region.
With a growth of 42%, the Carlos Slim company was ranked first place among Big Companies, and reach US$3.4 billion in 2007, leaving behind....
The telecommunications monopoly that the government's Costa Rican Electricity Institute (ICE) exercised for five decades has finally been overthrown.
The necessary changes to the telecommunications law were put into effect by publication in the official daily, La Gaceta.
Leading companies in wireless telephony and Internet are poised to enter the new market. They include Carlos Slim's América Móvil, Spain's Telefónica, and Ireland-based Digicel.
Costa Rica's cellphone market was officially opened to competition, and multinationals are lining up to go into battle with the Costa Rican Electricity Institute (ICE) which has held a monopoly so far.
The multinationals see potential for growth in the high traffic, unsatisfied demand and absence of a pre-paid system. Besides, Costa Rica is the missing link in Central American cellphone coverage; the multinationals are present in every other country.
Mexico-based América Móvil, Latin America's leading provider of wireless telephony, will begin to sell Apple's iPhone in the region this year.
The iPhone will be made available in 16 Latin American and Caribbean countries, said América Móvil spokeswoman Luisa Fernanda White.
The deal with Apple could boost América Móvil's market share, said Omar Salvador, a telecommunications analyst with Pyramid Research Group in Boston.
Panama awarded Irish-backed Digicel Panama and Claro Panama, a unit of billionaire Carlos Slim's America Movil, concessions to run new mobile phone networks on Wednesday.
Digicel, owned by Irish billionaire Denis O'Brien, bid $86 million for one license, beating a $73 million offer from Claro Panama.
Panama awarded Irish-backed Digicel Panama and Claro Panama, a unit of billionaire Carlos Slim's America Movil, concessions to run new mobile phone networks on Wednesday.
Digicel, owned by Irish billionaire Denis O'Brien, bid $86 million for one license, beating a $73 million offer from Claro Panama.