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General

America Movil service revenues fall 5.7% in Mexico

Tuesday 20 October 2015 | 12:30 CET | News
America Movil reported third-quarter revenues up 0.7 percent year-on-year to MXN 68.1 billion, as demand for smartphones offset a 5.7 percent drop in service revenue. The operator noted that the rate of decline in service revenue slowed, but it was still facing intensified competition following the entry of AT&T on the mobile market. The incumbent said it should not have to subsidise new entrants with asymmetric interconnection rates and should be allowed a pay-TV licence in order to compete on equal terms. Mobile service revenue fell 3.3 percent to MXN 33.2 billion in Q3, and fixed revenues

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