America Movil is still sniffing out deals in Europe, which could become twice as important for the Mexican telecom company's revenue base within five years, its chief financial officer said on Wednesday. Shares of America Movil, which is controlled by the family of billionaire Carlos Slim, are down more than 5 percent this year as it grapples with the prospect of competition from AT&T Inc, tough new regulation in its biggest market, Mexico, as well as likely recession in its second-largest market, Brazil.