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General

America Movil service revenues down 6.9% in Mexico

Wednesday 10 February 2016 | 09:34 CET | News
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 Movil in its statement, before reiterating that it shouldn't have to subsidise new

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