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General

America Movil Q2 service revenues down 2% in Mexico, disconnects 1.7 mln prepay lines

Wednesday 15 July 2020 | 10:18 CET | News
America Movil reported revenues for its domestic market of Mexico down 14.2 percent year on year to MXN 62.9 billion in the second quarter, attributed to Covid-19 lockdown measures and economic impact, above all in the prepay sector. Service revenues fell 2.1 percent in the period to MXN 51.9 billion due mainly to a 2.5 percent year-on-year drop in mobile revenues – compared to an annual 10.4 percent rise posted in Q1 – as restrictions on mobility affected the demand for mobile services. EBITDA for the quarter declined 10.3 percent year on year to MXN 24.4 billion, compared to an 11.9 percent

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Categories: General
Companies: America Movil / Telcel / Telmex
Countries: Mexico
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