In 2020, América Móvil, which controls brands like Claro, had the biggest annual revenue in Latin America and the Caribbean among the telecommunication providers presented. The group, headquartered in Mexico City and led by chairman Carlos Slim, generated around 38.55 billion U.S. dollars in revenue that year. The Latin American operation of Madrid-based Telefónica ranked second with a revenue of 18.76 billion dollars.
Revenue generated by selected telecommunication providers in Latin America and the Caribbean in 2020
(in billion U.S. dollars)
Data was retrieved from financial reports of the following companies: Algar Telecom S.A., América Móvil, S.A.B. de C.V., AT&T Inc., Axtel S.A.B. de C.V., Empresa de Telecomunicaciones de Bogotá, Entel Chile S.A., Liberty Latin America Ltd., Millicom International Cellular S.A., Oi S.A., Telecom Argentina S.A., Telefónica, S.A., TIM S.A. If necessary, the figures were recalculated from original currencies at December 31, 2020 exchange rates based on this source.
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Statista. (May 20, 2021). Revenue generated by selected telecommunication providers in Latin America and the Caribbean in 2020 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 19, 2022, from https://www.statista.com/statistics/998151/telecommunication-providers-revenue-latin-america/
Statista. "Revenue generated by selected telecommunication providers in Latin America and the Caribbean in 2020 (in billion U.S. dollars)." Chart. May 20, 2021. Statista. Accessed May 19, 2022. https://www.statista.com/statistics/998151/telecommunication-providers-revenue-latin-america/
Statista. (2021). Revenue generated by selected telecommunication providers in Latin America and the Caribbean in 2020 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 19, 2022. https://www.statista.com/statistics/998151/telecommunication-providers-revenue-latin-america/
Statista. "Revenue Generated by Selected Telecommunication Providers in Latin America and The Caribbean in 2020 (in Billion U.S. Dollars)." Statista, Statista Inc., 20 May 2021, https://www.statista.com/statistics/998151/telecommunication-providers-revenue-latin-america/
Statista, Revenue generated by selected telecommunication providers in Latin America and the Caribbean in 2020 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/998151/telecommunication-providers-revenue-latin-america/ (last visited May 19, 2022)