21. What were the market conditions when Telmex and América Móvil’s internationalization begin’

A factor that contributed to the internationalization of América Móvil and Telmex was the so called Internet Bubble of March 2000, Markets started to fall,  and severely affected prices and markets; .  Hence the possibility to become international and grow significantly became very attractive, specially in the case of América Móvil, because many companies were available and in good conditions.

And in cases like Brazil and Uruguay we went in with a license and several licenses were sold.

Here you can see which companies are the competitors and as you can appreciate, there are many one by one operations.  Here Telefónica bought four companies to operate cellular telephony; it had Motorola at that time – 1999 or 2000 – it had majority in that market.

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