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General

America Movil service revenues down 0.4% in Mexico, adds over 1 mln mobile subs

Wednesday 10 February 2021 | 10:16 CET | News
America Movil reported fourth-quarter revenues for its domestic market of Mexico down 8.7 percent from a year earlier to MXN 74.6 billion, attributed to a 16.9 percent slump in equipment sales and a one-off item in Q4 2019. However, it said service revenues were practically flat year on year (-0.4%) thanks to a slight rise in wireless service revenues (+0.8%) and the recovery of mobile ARPU to pre-Covid levels of MXN 154.

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