Móvil, Mexico's biggest cellphone company, blazed a
trail across Latin America in 2003, building up a regional
network. Armed with a healthy balance sheet and access to
low-cost financing in Mexico's peso bond market, the company
has snapped up undervalued assets. LatinFinance has chosen
América Móvil as Corporation of the Year for its
combination of astute acquisitions, deft issuance in the local
capital markets and progress in realizing its ambition to
become Latin America's largest wireless operator. Carlos
García Moreno, América Móvil's chief
financial officer, says, "From the very beginning it was
intended that América Móvil would become a
regional player, and be first or second in all markets in which
América Móvil spent around $1.2 billion in
2003 buying wireless companies in Brazil, Colombia, Ecuador,
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