Earnings ·
América Móvil reports Q3 net income of 24 billion pesos and announces acquisition of Desktop in Brazil
AMXOFAmerica Movil SAB de CV/
América Móvil reported third-quarter revenue of 251 billion Mexican pesos, a 7.6% increase year-over-year, driven by mobile service revenue growth of 6.3%. EBITDA rose 8.9% to 102 billion pesos with a margin of 40.8%, while net income reached 24 billion pesos, or $0.47 per ADR. The company added 3.1 million postpaid subscribers globally, led by Brazil and Colombia, and connected 390 thousand new broadband accesses. Additionally, América Móvil announced the acquisition of a 72.83% interest in Desktop to strengthen its fiber footprint in São Paulo, Brazil. The telecommunications operator provides wireless and wireline services across Latin America, Europe, and North America.