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Latin 500: Convergence Ushers in Integration

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MEXICO CITY — When the economic crisis came calling, it went straight to voicemail for the region’s biggest telecom players. Both Spain’s Telefónica (No. 3) and Mexico’s America Móvil (No. 4) posted big increases in revenue and profits in 2009 and are outranked only by the big three state-owned oil companies in Latin America.
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