America Movil's Carlos Slim invests $40M in Shazam

América Móvil, the Latin American telecommunications provider led by Mexican magnate Carlos Slim, has invested $40 million in media discovery platform Shazam. The free Shazam mobile application is available for operating systems including Apple's (NASDAQ:AAPL) iOS and Google's (NASDAQ:GOOG) Android. Shazam recently eclipsed the 350 million worldwide user milestone, including 70 million monthly active users, and it adds another 2 million new global users each week. América Móvil has a presence in the U.S. market through its subsidiary TracFone. TracFone operates as an MVNO using AT&T (NYSE:T), Verizon, Sprint Nextel (NYSE:S) and T-Mobile US' (NYSE:TMUS) networks. Article

Sponsored by ADI

What if we were never truly alone? Our next-gen communications technology can help people in even the most remote places stay connected.

What if there were no ocean, desert, mountain or event that could ever keep us from telling our stories, sharing discoveries or asking for help? ADI’s next-gen communications technology could keep all of us connected.

Suggested Articles

All operators are trying to understand the intersection between their networks and hyperscale networks. But who gets the lion's share of the revenue?

Fierce kicks off its fall 5G Blitz week with a session on Monday, November 30, examining the RAN revolution.

The FCC has once again determined that SNR Wireless and Northstar Wireless are ineligible for about $3.3 billion in bidding credits.