America Movil targets 310 mln mobile customers in 2014

Friday 19 November 2010 | 09:52 CET | News
America Movil targets an increase in its subscriber base of almost 100 million by 2014, taking the company to 310 million mobile customers. The forecast was given at an investor presentation in Mexico City, analysts told the Financial Times. The company expects expected average annual revenue growth of 6-8 percent through to 2014 and EBITDA up 7-9 percent over the period. Analysts said the outlook should support double-digit growth in free cash flow at the operator, which is already at USD 10 billion a year. The company said its capex budget will reach USD 8.2 billion next year, in order to

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Categories: Fixed / Mobile & Wireless
Companies: America Movil
Countries: Latin America
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