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In the fourth quarter of 2023, Claro – a mobile phone company owned by América Móvil – concentrated nearly ** percent of all wireless subscriptions in Argentina. Telecom Argentina’s Personal and Telefónica’s Movistar followed with ** and ** percent of market share, respectively.

Small screens, big players

The holdings behind the three brands presented stand among the leading telecommunication providers in Latin America and the Caribbean. Altogether, América Móvil, Telefónica, and Telecom Argentina generated around ** billion U.S. dollars in revenue in the region in 2023. That year, the revenue of Carlos Slim’s group added up to nearly ** billion dollars in the Southern Cone alone, which, by América Móvil’s accounts, include Argentina, Chile, Paraguay, and Uruguay.

Argentine mobile market on the rise

It was forecast that, in 2024, there will be over ** million smartphone users in Argentina. This number was projected to surpass ** million by 2029. There is still room for growth within this segment, however. It was estimated that just over ** percent of the Argentine population used smartphones as of 2024, which suggests that the mobile market remains set to expand in that South American country.