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General

America Movil results rebound in Q3, organic service revenues up 1.5%

Wednesday 21 October 2020 | 10:06 CET | News
America Movil reported an improvement in third-quarter results compared to Q2 trends, as confinement measures began to be lifted in its footprint and commercial activity rebounded in most markets. Revenues rose 4.7 percent year-on-year to MXN 260 billion, and EBITDA increased 10.1 percent to MXN 86.5 billion. At constant exchange rates, service revenues rose 1.5 percent year-on-year, nearly double the growth rate in Q2, as mobile service growth improved to 3.5 percent from 2.3 percent in the previous quarter. 

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Categories: General
Companies: America Movil
Countries: Latin America
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