iPhone to be Distributed in Latin America by America Movil
NEW YORK - America Movil, the largest cell phone operator in Mexico confirmed in a statement on Wednesday it reached a deal with Apple to distribute the iPhone in Latin America.
Mexico's El Universal newspaper reported that America's Movil's president Daniel Hajj also informed investors and analysts that the iPhone will enter the market in Mexico in December. The deal to be exclusive to the carrier, the paper said.
America Movil didn't answer a call seeking for comment.
The company founded by Mexican billionaire Carlos Slim Helu operates in 16 countries in Latin America and has more than 159 million of cell phone subscribers. America Movil afilliate in Mexico is Telcel. Its largest competitor in Latin America is Telefonica.
Shares of America Movil were trading at $58.68 on the New York Stock Exchange by 2:25 p.m. slightly 18 cents down.
- 1 Nick Jonas and Selena Gomez- Disney Love in the Air
- 2 Citibank First Introduces Multi-Functional Octopus Credit Card
- 3 Hong Kong Inflation Skyrockets, Jumps Up to Highest in 11 Years
- 4 Revolutionary Configuration Tool to Dramatically Reduce Network Design Time for SI and ISP.
- 5 Christian Bale arrested, released; denies assault
- 6 HKs anti-money laundering efforts hailed
- 7 Paulson says financial stability is top priority
- 1 Paulson says financial stability is top priority
- 2 Yahoo 2Q profit erodes but not as badly as feared
- 3 Wa Wa Woes
- 4 Obama vows to work for Mideast breakthrough
- 5 Beijing has first workday under car restrictions
- 6 Hong Kong consumer prices rise 6.1%
- 7 SOHO China shares rose as new Beijing project good pre-sales
|
- 1 Ford posts $8.7 billion loss on asset write-downs
- 2 Microsoft exec who led Yahoo buyout team to leave
- 3 Toyota outsells GM worldwide in first half
- 4 Flight with 7 congressmen makes emergency landing
- 5 More airlines report losses because of fuel costs
- 6 UAL reports 2Q loss of $2.73 billion
- 7 Yahoo 2Q profit erodes but not as badly as feared
|
|
