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Tag Archive: Carlos Sim

America Movil Takes iPhone to Latin America

America Movil Takes iPhone to Latin America

In another market expansion for the Apple iPhone, América Móvil has announced (PDF) it has signed an agreement with Apple to bring the iPhone to its Latin American markets later in 2008. Like Vodafone’s announcement earlier this week that it would be bringing the iPhone to a swath of new European markets, the release contains no other information, including the financial terms of the deal or whether America Movil will have an exclusive lock on the iPhone in those markets.

América Móvil is controlled by Mexican billionaire Carlos Sim, and claims almost 160 million subscribers in 16 countries, including Argentina, Chile, Brazil, Columbia, and Mexico.

CompUsa Closing Half Its Stores

Technology retailer CompUSA has announced (MS Word format) a major structuring which will see the company closing 126 of its retail outlets over the next 60 to 90 days in an effort to focus more resources on its best performing locations and improve the company’s overall financial status.

The company operates about 225 stores throughout the United States and Puerto Rico, and is owned by Mexican billionaire Carlos Sim, recently ranked as the third richest man in the world.

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