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America Movil rails against asymmetric regulation

2017-07-06 02:00:00| Total Telecom industry news

America Movil late on Wednesday attacked asymmetric regulations brought in to curb the Mexican telco's dominance, claiming they led to a loss of business rights. Reuters reports that lawyers for America Movil argued in a statement that the company's rights to "…read more on TotalTele.com »

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America Movil turns in hefty Q4 loss

2017-02-03 01:00:00| Total Telecom industry news

America Movil posted a net loss equivalent to hundreds of millions of euros in the last three months of 2016, its balance sheet hit by financing costs and the impact of a weak Mexican peso. The Mexico-based telecoms group said its net loss in the fourth quarter reached MXN5.97 billion (&euro…read more on TotalTele.com »

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America Movil improves underlying results in Q3

2016-10-28 08:02:00| Telecompaper Headlines

(Telecompaper) America Movil reported an improvement in underlying third-quarter results, saying service revenues were stable year-on-year excluding currency effects compared to an annual decline in the previous quarter. Total revenues rose 11.8 percent to MXN 250 billion and were up 3.1 percent at constant exchange rates. EBITDA improved 1.5 percent to MXN 67.7 billion and fell 5.4 percent excluding forex effects, less than the 13.2 percent reduction in the prior quarter. The operator's net result improved to a profit of MXN 2.1 billion from a loss of MXN 2.9 billion a year ago.

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