Who Owns América Móvil Company?

América Móvil Bundle

Get Full Bundle:

	5 FORCES	$15	$10
	BCG	$15	$10
	CANVAS	$15	$10
	4P's MIX	$15	$10
	PESTLE	$15	$10
	SWOT	$15	$10

TOTAL:

ADD TO CART

Who Owns América Móvil?

Understanding América Móvil's ownership is key to grasping its market strategy. Spun off from Telmex in late 2000, this Mexican telecom giant has grown significantly.

América Móvil, a major player in telecommunications, connects millions across continents. Its journey began with a strategic separation, setting the stage for its independent growth and market influence.

Discover the intricate ownership structure of América Móvil, a company with a substantial global footprint. As of December 31, 2024, it served 323 million wireless subscribers and 78 million fixed revenue-generating units. The company's market capitalization hovers between $57.4 billion and $70 billion USD as of August 2025. For a deeper dive into its operational environment, consider an América Móvil PESTEL Analysis.

América Móvil's origins trace back to a strategic spin-off from Telmex, Mexico's primary landline provider, in late 2000. The company's initial ownership structure was closely tied to the América Móvil Group, a holding entity predominantly controlled by Carlos Slim Helú and his family. This arrangement ensured significant family influence from the company's inception.

Strategic Spin-Off

América Móvil was not a traditional startup but a strategic division from Telmex. This move consolidated wireless assets under a new entity.

Family Control

Carlos Slim Helú and his family maintained substantial control from the outset. This was facilitated by their significant stake in the privatized Telmex.

Early Investment Landscape

The initial ownership structure did not feature external investors. Control was centralized within the founding group to guide strategic direction.

Carlos Slim's Role

Carlos Slim Helú, a prominent Mexican billionaire, was instrumental in the company's formation. His business acumen, honed through strategic investments, laid the groundwork.

Grupo Carso's Influence

Grupo Carso, a conglomerate associated with Carlos Slim, played a crucial role. Its acquisition of a significant stake in Telmex in the 1990s was a precursor to América Móvil's establishment.

Ownership Structure Clarity

While specific initial equity percentages are not publicly detailed, the structure ensured the Slim family held significant influence. This centralized control was key to the company's early strategy.

The foundational ownership of América Móvil was deeply intertwined with the business empire of Carlos Slim Helú. His strategic acquisition of a controlling interest in Telmex during its privatization in the 1990s through Grupo Carso was the critical step that enabled the subsequent spin-off of wireless operations. This move effectively transferred existing wireless assets and their associated ownership directly to the newly formed América Móvil, firmly establishing the Slim family's substantial control from its inception. Unlike a typical startup that might seek external venture capital, América Móvil's early days were characterized by a deliberate concentration of ownership within the Slim family's sphere of influence, reflecting a clear vision for building a dominant telecommunications entity. This structure allowed for decisive strategic direction and operational control, crucial for its rapid expansion. Understanding the Competitors Landscape of América Móvil also sheds light on the strategic positioning enabled by this early ownership.

Founding Principles

América Móvil was established with a clear objective to consolidate and grow wireless operations. The ownership structure was designed to facilitate this ambition.

• Spin-off from Telmex in late 2000.
• Primarily controlled by Carlos Slim Helú and his family.
• Leveraged prior investment in Telmex via Grupo Carso.
• Centralized ownership for strategic control.

América Móvil SWOT Analysis

• Complete SWOT Breakdown
• Fully Customizable
• Editable in Excel & Word
• Professional Formatting
• Investor-Ready Format

GET TEMPLATE ➔

América Móvil's ownership journey began with its dual listing on the Mexican and New York Stock Exchanges in 2001, broadening its shareholder base. A significant consolidation occurred in January 2010 with the acquisition of Carso Telecom and Telmex International. Most recently, in July 2025, the company achieved full ownership of its Chilean subsidiary, Claro Chile SpA (ClaroVTR).

Carlos Slim Helú and his family are the principal controlling stakeholders of América Móvil, holding an estimated 50-60% of the voting shares. This significant stake is managed through various investment entities, including Grupo Carso, and grants them substantial influence over the company's strategic direction and corporate governance. Institutional investors, such as investment funds, collectively possess a considerable minority interest, typically between 30-40% of the publicly traded shares. The remaining approximately 10% represents the public float, available for general market trading. Understanding who owns América Móvil is key to grasping its corporate structure and decision-making processes.

Key Stakeholder Breakdown

The ownership of América Móvil is concentrated, with the Slim family maintaining a dominant position.

• Carlos Slim Helú and family: 50-60% (controlling stake)
• Institutional Investors: 30-40%
• Public Float: Approximately 10%
• The América Móvil ownership structure reflects a blend of family control and public market participation.
• This distribution influences the company's Revenue Streams & Business Model of América Móvil.

América Móvil PESTLE Analysis

• Covers All 6 PESTLE Categories
• No Research Needed – Save Hours of Work
• Built by Experts, Trusted by Consultants
• Instant Download, Ready to Use
• 100% Editable, Fully Customizable

GET TEMPLATE ➔

As of early 2025, América Móvil's governance is significantly influenced by the controlling Slim family, with Carlos Slim Domit serving as Chairman and Patrick Slim Domit as Vice Chairman. Daniel Hajj Aboumrad holds the position of Chief Executive Officer. The board also includes key figures such as Luis Alejandro Soberón Kuri, Francisco Medina Chávez, and Ernesto Vega Velasco, among others confirmed in May 2025, many of whom have ties to the broader Grupo Carso conglomerate.

América Móvil's voting structure is designed to ensure the Slim family's enduring control. A significant governance adjustment occurred on December 20, 2022, when shareholders approved a reclassification that converted all Series AA, Series A, and Series L shares into a single class of Series B shares. This conversion, effective with public trading on March 16, 2023, established a 1:1 ratio for all shares, granting each full voting rights. This strategic move solidifies the family's voting power, allowing them to maintain a majority on the board and influence resolutions, even if their economic ownership percentage fluctuates. The company also complies with corporate governance standards, including the requirement for a majority of independent directors, surpassing the Mexican regulatory minimum of 25%.

América Móvil's Voting Power Dynamics

The company's voting power is concentrated, ensuring consistent direction. This structure is key to understanding América Móvil ownership.

• Shareholder approval for reclassification on December 20, 2022.
• Conversion of Series AA, A, and L shares to Series B shares.
• All Series B shares carry full voting rights at a 1:1 ratio.
• Public trading of reclassified shares began March 16, 2023.
• Majority of independent directors on the board.

América Móvil Business Model Canvas

• Complete 9-Block Business Model Canvas
• Effortlessly Communicate Your Business Strategy
• Investor-Ready BMC Format
• 100% Editable and Customizable
• Clear and Structured Layout

GET TEMPLATE ➔

Over the past 3-5 years, América Móvil's ownership profile has seen strategic adjustments aimed at optimizing its capital structure and market position. A significant development is the company's ongoing share buyback programs, demonstrating a commitment to enhancing shareholder value and managing its capital efficiently.

In terms of mergers and acquisitions, a key event was the full consolidation of ClaroVTR in Chile. América Móvil increased its ownership interest in Claro Chile, SpA, to 94.9% as of December 31, 2024, and subsequently acquired the remaining shares from LLA UK Holding Limited in July 2025, achieving 100% ownership without requiring regulatory approval. While discussions about leadership succession within the Slim family are ongoing, there have been no indications of a major shift in the core ownership structure, with the current model of family control with public investment expected to continue. Industry trends indicate a global increase in institutional ownership within the telecommunications sector, driven by passive investing; however, América Móvil's dual-class share structure effectively safeguards the Slim family's controlling interest against potential dilution. The company's board approved a capital expenditure of US$6.7 billion for 2025, a slight reduction from the US$7 billion budgeted for 2024, reflecting a continued focus on financial efficiency and capital optimization.

Share Buyback Initiatives

América Móvil has actively engaged in share buyback programs, with substantial allocations for 2024-2025 and 2025-2026. These programs aim to reduce capital stock and enhance shareholder value.

Strategic Consolidation in Chile

The company achieved full ownership of ClaroVTR in Chile by acquiring the remaining shares in July 2025. This move solidifies its market presence in the region.

Family Control and Dual-Class Shares

The Slim family maintains a controlling interest, reinforced by a dual-class share structure. This structure protects the family's influence against potential dilution from increased institutional ownership.

Capital Expenditure Focus

For 2025, the company approved a capital expenditure of US$6.7 billion, a slight decrease from 2024's US$7 billion. This reflects a strategic emphasis on financial efficiency and capital optimization.

América Móvil Porter's Five Forces Analysis

• Covers All 5 Competitive Forces in Detail
• Structured for Consultants, Students, and Founders
• 100% Editable in Microsoft Word & Excel
• Instant Digital Download – Use Immediately
• Compatible with Mac & PC – Fully Unlocked

GET TEMPLATE ➔