America Movil Lifts Subscriber Growth

America Movil, controlled by Mexican billionaire Carlos Slim, raised the number of clients it expects to add this year as expanding economies boost cell phone sales across Latin America. CEO Daniel Hajj said the company will sign up 22 million new subscribers in 2005, up from the company´s previous prediction of 17 million. Colombia and Brazil helped America Movil add a record 7.4 million clients in the second quarter, more than any other carrier in the Western Hemisphere.