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General

America Movil sales return to growth in Mexico in Q4

Friday 3 February 2017 | 08:24 CET | News
America Movil reported total fourth-quarter revenues for its domestic market of Mexico up 0.3 percent from a year earlier to MXN 72.7 billion, its first quarterly increase since Q3 2015, driven by postpaid rises and strong handset sales. Service revenues were down 7.5 percent to MXN 54.3 billion, an improvement on falls of 10.7 percent and 10.2 percent in the previous two quarters. Mobile revenues were flat, compared to declines of 6.7 percent and 3.5 percent decline in the previous two quarters, while prepaid service revenues improved to a 20 percent fall, compared to declines of 30 percent

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