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Tag: america movil
America Movil results rebound in Q3, organic service revenues up 1.5%
2020-10-21 10:06:00| Telecompaper Headlines
(Telecompaper) America Movil reported an improvement in third-quarter results compared to Q2 trends, as confinement measures began to be lifted in its footprint and commercial activity rebounded in most markets. Revenues rose 4.7 percent year-on-year to MXN 260 billion, and EBITDA increased 10.1 percent to MXN 86.5 billion. At constant exchange rates, service revenues rose 1.5 percent year-on-year, nearly double the growth rate in Q2, as mobile service growth improved to 3.5 percent from 2.3 percent in the previous quarter.
Tags: service
up
results
america
Verizon buys America Movil MVNO Tracfone for USD 6.25 billion
2020-09-14 14:53:00| Telecompaper Headlines
(Telecompaper) Verizon has agreed to buy Tracfone, a MVNO in the US owned by Mexico's America Movil, for USD 6.25 billion.
Tags: america
usd
billion
buys
America Movil aborts deal to acquire Telefonica's El Salvador unit
2020-09-04 09:20:00| Telecompaper Headlines
(Telecompaper) America Movil has announced the termination of its deal to acquire 99.3 percent of Telefonica's Movistar El Salvador unit due to the strict anti-trust conditions imposed by the country's competition watchdog. The decision is by mutual agreement and comes "after careful consideration by both parties of the conditions to obtaining regulatory approval established by the Superintendencia de Competencia in their recent ruling on the proposed transaction," said the Mexican telecommunications giant in a statement.
Tags: america
unit
deal
salvador
America Movil revenue growth slows in Q2 as over 5 mln mobile customers lost
2020-07-15 08:48:00| Telecompaper Headlines
(Telecompaper) America Movil said it lost over 5 million mobile customers in the second quarter, as Covid-19 lockdown measures across almost its entire footprint impacted especially the prepaid market. Fixed customers continued to grow, with 450,000 broadband subscribers added, and underlying service revenues were 0.8 percent higher year-on-year in Q2.
Tags: mobile
lost
america
growth
America Movil to invest USD 8.5 bln in 2020, launch 5G in H2 - CEO
2020-02-14 12:17:00| Telecompaper Headlines
(Telecompaper) America Movil has plans to spend another USD 8.5 billion on capital expenditures in 2020, similar to last year's investment, to continue expanding its fibre-optic infrastructure throughout Latin America and launch its first 5G networks, said the company's CEO Daniel Hajj, according to Reuters. In a call with investors following the publication of America Movil's full-year results, Hajj said 5G services will likely debut in Mexico this year and may arrive in Brazil as well, depending on the availability of spectrum.
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