America Movil is the top technology company in Latin America in revenues.
BY LBC STAFF
Mexico-based America Movil is Latin America’s top technology company, according to the Latin 500 from Latin Business Chronicle and Latin Trade. Last year, the company posted revenues of $49.2 billion, an increase of 13.9 percent.
Spain-based Telefonica, its closest rival on the ranking, posted Latin America revenues of $34.5 billion, an increase of 4.9 percent.
The top five was rounded out by Brazilian carrier Telemar/Oi , the Brazil unit of Telefonica and Mexican wireless operator Telcel.
Both America Movil and Telcel are controlled by Mexican mogul Carlos Slim, who Forbes estimates has the largest fortune in the world.
See the full ranking of Latin America’s Top 50 Technology Companies