America Movil SAB de CV ADRAMX
Mentioned
Impact on stocks 1
Communication Services
America Movil SAB de CV ADRAmerica Movil SAB de CV ADRAmerica Movil reported second-quarter revenue of MXN241 billion, a 3.1% increase year-on-year in Mexican peso terms, with net income rising 9.2% to MXN24 billion. Operating profit grew 9.5% to MXN51.8 billion, while EBITDA increased 5.3% at constant exchange rates. The company added 3.5 million postpaid subscribers, connected 531,000 new fixed broadband accesses, and added 110,000 pay TV units, though it lost 3.7 million prepaid subscribers mainly due to base clean-up in Colombia and Argentina. Capital expenditures reached MXN48 billion for the first half, and net debt stood at MXN402 billion, or 1.31 times last-12-months EBITDA after leases. CEO Daniel Hajj Aboumrad noted intensified competition in Brazil and a regulatory fine of MXN1.3 billion related to alleged violations from 2017.
America Movil SAB de CV ADR