America Movil (AMX), AT&T (T) Enter MOU for LatAm Expansion

America Movil, S.A.B. de C.V. (NYSE: AMX) and AT&T (NYSE: T) announced today that they have signed a strategic memorandum of understanding to explore ways of delivering enhanced communication services to multinational companies throughout Latin America and to multilatinas in the rest of the world.

The memorandum of understanding calls for the two companies to develop means of:

• Expanding and enhancing the coverage of their respective IP networks, to deliver the most sophisticated services and solutions to multinational companies in and from emerging markets;
  • AT&T would be able to deepen its existing reach in Latin America using America Movil networks in 15 countries throughout the region;
    
    
  • America Movil would benefit from being able to use AT&T's global network infrastructure to provide global IP-based services to its customers in the United States and the rest of the world.
• Working together to deliver enhanced VPN services and solutions to multinational companies doing business in or with operations throughout Latin America. The two companies will collaborate on integrating the latest technologies into their networks, and will work, as well, on automating and simplifying processes for delivering and supporting network services and solutions.

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