América Móvil is the leading telecom operator in Latin America, providing wireless and fixed-line services across 23 countries, primarily in Latin America with a secondary presence in Central and Eastern Europe. The company had approximately 331 million wireless subscribers at end of 2025, with Mexico and Brazil as its two largest markets. Its principal brands are Telcel (wireless in Mexico), Telmex/Infinitum (fixed-line and broadband in Mexico), Claro (wireless and fixed across Latin America and the Caribbean), and A1 (wireless and fixed across seven Central and Eastern European markets, operated through subsidiary Telekom Austria). América Móvil's core revenue is subscription-based: mobile services account for roughly 53% of consolidated revenues, driven by subscriber count and ARPU, with a growing postpaid mix (43% of wireless subscribers at end of 2025). Fixed services represent about 31% of revenues, increasingly driven by broadband as fixed voice and Pay TV decline. The company is actively converting its copper network to fiber and expanding 5G across major markets. América Móvil leases tower infrastructure from Slim Family-affiliated entities Telesites and Sitios Latam. The cost base is heavily fixed, creating meaningful operating leverage. CapEx runs roughly 14-15% of revenues annually, funding 5G rollout, fiber expansion, and IT digitalization. Growth priorities include postpaid conversion, broadband penetration, convergent bundling, and expanding corporate IT and cloud services to enterprise clients.