America Movil profits fall in Q3

News General Latin America and the Caribbean 24 OKT 2014
America Movil profits fall in Q3
America Movil reported third-quarter net profit down 39.3 percent to MXN 10.12 billion, hurt by a rise in tax and forex losses as well as weak results at its European associates, Telekom Austria and KPN. Pro forma for the acquisition of a controlling stake in Telekom Austria in July, the company's quarterly revenues were up 4.0 percent to MXN 220.88 billion. 

Service revenues rose 3.8 percent to MXN 198.64 billion, and hardware revenues were up 6.2 percent to MXN 22.24 billion. America Movil said growth was led by mobile data and pay-TV services, which each grew revenues around 15 percent. The operator's EBITDA was up just 0.4 percent to MXN 69.19 billion, hurt by negative currency effects, and EBIT fell 5.5 percent to MXN 37.64 billion due to higher depreciation and amortisation after investments. 

America Movil said it spent MXN 82.0 billion on capital equipment and MXN 34 billion on shareholder distributions in the quarter, all financed from cash flow. Net debt was also reduced by MXN 30.7 billion to MXN 490.6 billion at the end of September, equal to 1.63 times annual EBITDA. 

The operator recorded only a 0.1 percent sequential increase in mobile customers in the quarter to 286.834 million. Despite growth in markets such as Brazil, Peru and the US, the group had 1.8 million disconnections in Mexico, Chile and Central America. Fixed-line revenue-generating units totaled 77.572 million at the end of September, including 4.4 million acquired from Telekom Austria and 1.4 million organic additions added in the quarter. 

Categories:

General

Companies:

KPN,  A1 Telekom Austria,  America Movil

Regions:

Latin America and the Caribbean

Tags:

Voice services, Data services, Financial figures, Internet Access

Related Articles

MEXICO 10 FEB 2016

America Movil service revenues down 6.9% in Mexico

America Movil reported fourth-quarter revenues down 0.5 percent year-on-year to MXN 72.5 billion in its domestic market, as continued demand for smartphones helped offset a 6.9 percent fall in service revenues. The company's Mexican units started to feel the effects of tougher regulations and intense competition with AT&T and Telefonica. "With the entrance of a new international competitor in Mexico more than a year ago, competition has intensified between the three carriers and several MVNOs," said America

BRAZIL 27 OKT 2014

America Movil to invest 30% of 2014 capex in Brazil - CFO

Mexican telecoms operator expects to invest 30-35 percent of its planned investment for 2014 in its Brazilian operations, company CFO Carlos Garcia Moreno Elizondo said during a conference call with investors. America Movil plans to invest nearly USD 10 billion this year in its Latin American operations. The Mexican firm is in the process of merging its subsidiaries Claro, Embratel and Net Servicos in Brazil.

MEXICO 27 OKT 2014

America Movil will not hurry decision about KPN share - CEO

Mexican telecoms operator America Movil will wait until next year to decide the future of its stake at Dutch operator KPN, America Movil CEO Daniel Hajj said during a conference call with investors. America Movil's stake in KPN currently reaches 21.4 percent. This share enables the Mexican firm to have two seats on KPN's supervisory board. Hajj said that the company is not in a hurry to make a decision regarding its stake in the Dutch telco. The CEO added that the company is comfortable with its stake level

CARIBBEAN 24 OKT 2014

Claro reaches 19.32 mln mobile subs in CentAm, Caribbean

America Movil ended the third quarter with 19.32 million mobile subscribers in its operations in Central America and the Caribbean, down 14.2 percent year-on-year. Prepaid customers reached 15.97 million at end-September, down 17.8 percent year-on-year, while postpaid customers reached 3.35 million, up 8.1 percent year-on-year. The company's fixed revenue-generating units rose by 6.6 percent to 6.84 million by the end of the quarter. The telco generated revenues of USD 988 million in the second quarter of 2

ARGENTINA 24 OKT 2014

Claro revenues in Mercosur region climb 42.3% in Q3

Mobile telephony operator America Movil's combined revenues from operations in Argentina, Paraguay and Uruguay recorded revenues of ARS 6.41 billion in the third quarter of the year, an increase of 42.3 percent compared to the year-ago period. The operator's mobile business recorded revenues of ARS 6.02 billion, climbing 41.5 percent compared to the year-ago quarter. The operator's EBITDA was up 49.4 percent year-on-year to ARS2.1 billion, while the EBITDA margin for the period grew to 32.8 percent, from 31

ECUADOR 24 OKT 2014

Claro Ecuador's Q3 revenues down 1.5% year-on-year

America Movil's subsidiary Claro Ecuador recorded revenues of USD 429 million in the third quarter, down 1.5 percent compared to the year-ago period. Mobile service revenues totaled USD 416 million in the quarter, down 1.8 percent year-on-year. The operator's EBITDA came in at USD 203 million, up 12.4 percent year-on-year, while the EBITDA margin climbed to 47.2 percent from 41.4 percent in the year-ago quarter. Claro Ecuador said it has added 54,000 mobile telephony subscribers during the third quarter. B

COLOMBIA 24 OKT 2014

Claro Colombia's Q3 revenues up 1.9% year-on-year

Claro Colombia, a subsidiary of America Movil, reported revenues of COP 2.76 trillion in the third quarter of the year, an increase of 1.9 percent compared to the same quarter the previous year. Mobile revenues were up 0.2 percent to COP 2.17 trillion while fixed line revenues rose 10.8 percent year-on-year to COP 596 billion. The operator's EBITDA reached COP 1.1 trillion in the third quarter, down 8.4 percent year-on-year while the EBITDA margin reached 39.9 percent, down from 44.4 percent in the same qua

CHILE 24 OKT 2014

Claro Chile ends September with 5.67 mln mobile subs

Claro Chile, a subsidiary of America Movil, ended the third quarter of 2014 with 5.67 million mobile telephony subscribers, down 4.4 percent compared to the same quarter in 2013. The operator's prepaid base reached 4.32 million subscribers, down 7.6 percent year-on-year, while Claro's postpaid base amounted to 1.35 million, an increase of 7.2 percent versus the same quarter last year. Claro Chile ended Q3 with 1.23 million fixed RGUs, 7.9% more than a year ago. The telco posted revenues of CLP 185.43 billi

PERU 24 OKT 2014

Claro Peru reaches 12.33 mln mobile subscribers at end-Q3

Mobile operator Claro Peru, a subsidiary of Mexican telecoms operator America Movil, ended the third quarter of 2014 with 12.33 million mobile subscribers, an increase of 7.3 percent compared to the year-ago quarter. The operator said it has added 252,000 mobile clients during the third quarter. Prepaid subscribers totaled 8.54 million at end-Q3, up 3.9 percent year-on-year, while postpaid customers totalled 3.79 million, climbing 15.9 percent year-on-year. Claro Peru saw revenues of PEN 1.33 billion in the

BRAZIL 24 OKT 2014

America Movil's revenues in Brazil up 6.5% in Q3

America Movil's revenues in Brazil, where it is present with Claro, Embratel and Net Servicos, grew 6.5 percent in the third quarter 2014 to BRL 8.9 billion, on the back of an 11.1 percent increase in fixed-line revenues. Pay-TV revenues were up 15.2 percent, followed closely by broadband revenues, up 13.2 percent year-on-year. Mobile data revenues were the fastest growing business segment, climbing 21.9 percent from the prior year. Altogether, service revenues rose 7.4 percent in the quarter. At BRL 2.2 bi

NETHERLANDS 24 OKT 2014

America Movil stake in KPN falls to 21.4%

America Movil's stake in KPN has fallen to 21.4 percent, according to the Mexican operator's latest quarterly report. It last reported a 22.6 percent stake in the Dutch operator in June. 

NETHERLANDS 24 OKT 2014

AMX verlaagt aandeel in KPN

América Móvil heeft zijn aandeel in KPN verlaagd van 22,6 procent eind juni naar 21,4 procent aan het einde van het derde kwartaal. Dat maakte het Mexicaanse telecombedrijf vandaag bekend bij de presentatie van zijn resultaten over Q3 2014. In het kwartaal realiseerde América Móvil een omzet van 220,9 miljard pesos, omgerekend zo'n 12,8 miljard euro, vier procent minder dan een jaar geleden. Het operationeel resultaat daalde met vijf procent terwijl de nettowinst op jaarbasis terugliep met bijna 40 procent

AUSTRIA 23 OKT 2014

Telekom Austria confirms plans for capital increase

Telekom Austria has confirmed plans to hold a capital increase by the end of the year. The operator received approval from shareholders in August to raise up to EUR 1 billion in a share sale. Further details of the offering will be announced later. Telekom Austria confirmed the news alongside its third-quarter results, which showed continued pressure from the weak economy and regulation in central and eastern Europe. Revenues showed an improvement, rising 1.2 percent year-on-year to EUR 1.05 billion in Q3,

MEXICO 22 OKT 2014

America Movil yet to file asset sale plan

Mexico's Federal Telecommunications Institute (IFT) has not yet received a plan from America Movil setting out how the company will sell assets to reduce its market share, reports Reuters. IFT head Gabriel Contreras told reporters it still had not received the divestiture plan foreseen by the law. America Movil, which has about 70 percent of Mexico's mobile market, is subject to tougher regulation and penalties under a new telecommunications reform passed by the government.

AUSTRIA 21 OKT 2014

America Movil holds nearly 60 percent of Telekom Austria

Mexico's America Movil has announced that its subsidiary Carso Telecom received 38,436,668 shares representing approximately 8.68 percent of the share capital of Telekom Austria during the additional acceptance period of the public buy-out offer. The additional acceptance period expired on 16 October. This took America Movil's stake in Telekom Austria via direct and indirect holdings to some 59.70 percent, or 264,470,131 shares.

Just In

19 DEC 16:42

SLT-Mobitel launches 5G network in Sri Lanka

19 DEC 16:19

Dialog Axiata launches 5G network, connects 1.5 million subscribers

19 DEC 15:56

UK govt to ban AI-enabled nudification apps to protect women, girls

19 DEC 15:42

3 UK launches last-minute Christmas sale

Commentary

13:56

Video market set for slower growth ahead

11:38

Netflix buys Warner Bros to deepen content catalogue

11:11

KPN's mixed performance in Q3 raises questions for strategy day

15:26

Stock markets breaking records but what happened to Odido's IPO plans?

Background

01:04

The week in telecom: Wi-Fi bolt-ons take off to boost broadband growth, video market works on consolidation

01:39

The week in telecom: Netflix wins bidding for Warner Bros, Apple poaches new execs, Samsung debuts trifold

13:51

Proximus vs. Telenet: Proximus performs better in Q3 while Telenet uses up cash

14:16

Proximus Domestic still struggling with low margins

Complete profile

Before downloading the whitepaper, we would like to ask you to complete your profile with company and position. After confirming you will receive the white paper.