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Telefonica Mexico to Triple Its Share of Industry’s Revenue

Telefonica SA’s Mexican unit, the nation’s second-largest phone company, wants to triple its share of the industry’s wireless revenue, in part by selling more smartphones and Wi-Fi services and targeting small businesses.

The company, which began operating in Mexico in 2001, currently accounts for 12 percent of the wireless market’s revenue, leaving plenty of room for growth, said Francisco Gil Diaz, president of Telefonica Mexico.