Business Services Industry

Telefonica Moviles reaches 2.4 million clients.

Internet Securities, May, 2003

MEXICO CITY, May 13, 2003 (Cr?nica/Corporate Mexico by Internet Securities, Inc. via COMTEX) -- With 2.43 million customers in Mexico at the close of last quarter, Telef?nica M?viles reported operational income of 1.55 billion pesos (US$153.17 million). In its quarterly report, the company also said that the Global System Mobile (GSM) network was ready and would be launched within a few months in M?xico, Monterrey, Guadalajara and Tijuana. Telef?nica M?viles is set to invest a total of 114.62 million pesos (US$11.33 million) this year, the company said. "Following the integration of Grupo Pegaso Telecomunicaciones with the operations of Telef?nica M?viles in the north of Mexico, Telef?nica M?viles Mexico's priority in the first quarter of 2003 has been to redefine,...

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