Although the suppliers of consumer essentials like wireless phone service are supposed to be the safer, less-volatile way to play emerging markets, that wasn't the case in 2011. To name just one example, Latin American giant America Movil (NYSE: AMX) basically fared just as bad as the broader Mexican and LatAm stock markets. While the America Movil story is no longer about pioneering the expansion of wireless service south of the U.S. border, the fact remains that value remains in one of the best-run emerging market corporations.
Trying To Surf Changing Tides In Mexico
America Movil started off as a spin-off of Mexico's fixed-line operator Telmex and Mexico is still a crucial market for the company. More than one-third of the company's revenue comes from here and more than half of corporate EBITDA, due in large part to its approximately 70% share of the wireless market.
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America Movil - 'Mature' Doesn't Mean Dead
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