www.WirelessFederation.com/news: $850 million investment is eyed by Latin America’s biggest mobile operator America Movil SAB in its domestic operations by 2010. Operating in the 18 countries of Americas, the Company had reported
194.3 million wireless subscribers at the end of September.

America Movil’s largest market is Mexico where its TelCel unit had a 72% market share at the end of the third quarter, with 58.4 million subscribers. According to Movil’s Chief Executive Daniel Hajj, the company invested about $850 million alone in Mexico which may remain same in 2010.

As part of the federal government’s 2010 budget, Mexico’s Congress approved a 3% special tax on telecommunications services and a one percentage point increase to the national value added tax, including other tax increases.America Movil is still evaluating the impact that higher taxes will have on TelCel next year.

Earlier this month, fixed-line carrier Telefonos de Mexico SAB and America Movil’s sister company announced that it will not pass on the cost of higher taxes next year to customers.