America Movil. (Panorama).
AMERICA MOVIL, the wireless spin-off The situation that arises when a parent corporation organizes a subsidiary corporation, to which it transfers a portion of its assets in exchange for all of the subsidiary's capital stock, which is subsequently transferred to the parent corporation's shareholders. of Mexican telecommunications
company See telecom company. Telmex, has gone to court to block part of a recent tax reform
measure that slapped a 10% tax hike on some of its services. America
Movil recently sold its assets in Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. and raised its stake to
92% from 78% in Colombiana de Comunicacion Celular (Comcel).
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