0
General

America Movil net profit falls in Q2 on forex losses

Friday 27 July 2012 | 08:35 CET | News
America Movil reported second-quarter revenues up 9.3 percent from a year earlier to MXN 19.7 billion. Mobile revenues rose 14.1 percent, and fixed-line revenues were up 1.7 percent. Excluding currency effects, revenues rose 6.3 percent year-on-year, led by mobile data and pay-TV, which grew 32 and 23 percent respectively. EBITDA was up 3.1 percent from a year ago to MXN 65.5 billion, while the margin fell to 34.1 percent. Due to foreign exchange losses, America Movil's net profit fell 45.5 percent to MXN 13.3 billion. The operator finished June with a total 251.8 million mobile subscribers,

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: America Movil
Countries: Latin America
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

America Movil Q3 sales up 4.5%, profit jumps on forex gains

Published 26 Oct 2012 08:47 CET | Latin America
America Movil reported third-quarter revenues of MXN 193 billion, up 4.5 percent from a year earlier as a stronger peso held back ...

Telekom Austria in gesprek met KPN over mogelijk synergie

Published 29 Aug 2012 11:11 CET | Austria
CEO Hannes Ametsreiter van Telekom Austria zal op korte termijn in gesprek treden met KPN om te praten over mogelijke synergieën ...

Telekom Austria lowers FY guidance

Published 16 Aug 2012 09:10 CET | Austria
Telekom Austria Group reported revenues of EUR 1.063 billion for the second quarter, down 4.2 percent year-on-year. This includes ...

America Movil still mulling its KPN strategy

Published 09 Aug 2012 09:38 CET | Netherlands
America Movil is still developing its strategy with KPN, De Telegraaf reported, citing board member Carlos Slim Domit, the son of ...

Nettowinst America Movil keldert in Q2

Published 27 Jul 2012 10:25 CET | Latin America
America Movil heeft haar omzet in het tweede kwartaal weten te verhogen met 9,3 procent ten opzichte van Q2 2011. De omzet kwam ...

Tracfone adds 1.2 mln subs in Q2 following Simple Mobile buy

Published 27 Jul 2012 07:49 CET | United States
US MVNO Tracfone, a unit of America Movil, ended June with 21.3 million customers, representing an increase of 13.8 percent ...

Claro adds 577,000 users in Q2 in Central America, Caribbean

Published 27 Jul 2012 07:22 CET | Caribbean
Claro Central America and the Caribbean, a subsidiary of America Movil, saw its total revenues increase by 3.6 percent ...

Claro Peru revenue jumps 15.2% to over PEN 1 bln in Q2

Published 27 Jul 2012 07:10 CET | Peru
America Movil subsidiary Claro Peru saw total revenues of PEN 1billion in the second quarter of 2012, up 15.2 percent from 907 ...

Claro Ecuador Q2 revenues grow 7.7% to USD 383 mln

Published 27 Jul 2012 06:39 CET | Ecuador
America Movil's Ecuador subsidiary Claro saw its second-quarter revenues increase by 7.7 percent year-on-year to USD 383 million. ...

Claro Chile adds 78,000 customers in Q2

Published 27 Jul 2012 06:20 CET | Chile
Chilean mobile operator Claro, a subsidiary of America Movil, added 78,000 new clients during the second quarter, bringing the ...

Comcel sees 355,000 net customers adds in Q2

Published 27 Jul 2012 05:59 CET | Colombia
Colombian operator Comcel, owned by America Movil, added around 355,000 net mobile subscribers in Colombia in the second quarter. ...

Claro Brazil adds 1.4 mln mobile customers in Q2

Published 27 Jul 2012 05:48 CET | Brazil
Brazilian mobile operator Claro, part of America Movil, added 1.4 million mobile subscribers in the second quarter and 2.6 ...

Claro sees 340,000 net adds in Mercosur region in Q2

Published 27 Jul 2012 05:21 CET | Argentina
Mobile operator America Movil's combined second-quarter revenues from operations in Argentina, Paraguay and Uruguay increased by ...

Embratel revenue up 55.4%, net profit down 33.4% in Q2

Published 27 Jul 2012 03:41 CET | Brazil
Brazilian operator Embratel saw second-quarter net income fell 33.4 percent to BRL 118.3 million, from BRL 177.8 million a year ...

America Movil reaches desired 27.7% stake in KPN

Published 28 Jun 2012 09:19 CET | Europe
America Movil has been offered enough KPN shares to lift its stake to 27.7 percent. The deadline for the Mexican operator's ...

Tracfone completes Simple Mobile acquisition

Published 20 Jun 2012 08:07 CET | United States
America Movil's US subsidiary Tracfone Wireless has completed the acquisition of Simple Mobile. One of Simple Mobile, a T-Mobile ...

America Movil rebrands as Claro in Colombia

Published 18 Jun 2012 09:50 CET | Colombia
America Movil has started merging its Telmex fixed-line services and Comcel mobile operations in Colombia under the single brand ...

America Movil to buy 21% stake in Telekom Austria

Published 15 Jun 2012 09:24 CET | Austria
America Movil announced an agreement to acquire a 21 percent stake in Telekom Austria. This marks the Mexican company's second ...