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Grupo Iusacell is Mexico's #2 mobile operator, after América Móvil's Telcel unit. The company provides cellular services reaching about 90% of Mexico's population, including Mexico City and licenses in the remaining regions. It has 1.5 million subscribers (75% are prepaid). The company also offers local and long-distance telephony, paging, and data transport services. Verizon Communications and Vodafone Group together acquired 74% of the company in 2001 from the Peralta family, which founded Iusacell in 1989. But following Iusacell's default on debts, the two companies in 2003 sold their stake to Ricardo Salinas Pliego's Movil@ccess in a deal valued at $7.4 million.
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| | | Contact Information | |
Address: |
Montes Urales 460, Colonia Lomas de Chapultepec, Delegación Mig
11000 México, D.F., Mexico
| | Phone: | +52-55-5109-5776 | | Fax: | +52-55-5109-5908 |
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| Financial
Highlights | | Fiscal Year End: | December | | Revenue (2007): | 940.50 M | | Revenue Growth (1 yr): | 31.30% | | Employees (2007): | 5,538 |
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Key People
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Chairman:
Ricardo B. Salinas Pliego
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CEO:
Gustavo Guzmán Sepúlveda
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CFO:
Jose Luis Riera Kinkel
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