Reuters | April 4, 2011 | Cyntia Barrera Diaz
(Reuters) – America Movil expects to double its pay television customers in Latin America to 22 million by the end of 2013, according to projections from a company source with direct knowledge of the growth outlook.
The source told Reuters on Monday the company, owned by billionaire Carlos Slim, expected to add 3.5 million pay TV customers in 2012 and another 4.5 million in 2013.
America Movil has picked up 11 million pay TV customers in 16 of 18 Latin American nations over the past two years and the company has previously said it could add 3 million pay TV clients in 2011.
The growth projections highlight America Movil’s ambitious expansion plans as it moves into new markets away from its core phone business.
The undisputed top mobile phone provider in the region, with 225 million clients, America Movil is taking advantage of still low penetration of pay TV services in many nations.
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