According to CNNMoney.com, Mexico’s America Movil, Latin America’s largest mobile phone operator, announced plans to launch the iPhone 3G in 10 more countries in the region at the end of the month.
In an America Movil (AMX) press release, the company confirmed its plans to release the iPhone in Argentina, Chile, Colombia, Ecuador, El Salvador, Guatemala, Honduras, Paraguay, Peru and Uruguay on August 22nd. Movil is the first carrier to offer the iPhone in Latin America, with its unveiling in Mexico earlier last month.
American Movil boasts 165.3 million wireless subscribers in 17 countries at the end of June2008. Movil’s decision to offer the iPhone 3G is part of their push to enter the third-generation mobile telephone service, as it rolls out advanced networks based on UMTS/HSDPA technology across the Latin American region. As of present, Movil has 15 countries on its 3G network.
Currently, America Movil (L) shares trade on the Mexican Stock Exchange and were up 0.5% at 25.44 pesos ($2.55) in early trading Wednesday.
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