Recent Updates — AMXOF

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.

América Móvil, S.A.B. de C.V. entered into a share purchase agreement to acquire 100% of WOW Tel S.A.C. from Liberty Latin America Ltd. and Narvik Capital Partners PTE. Ltd. through its subsidiary América Móvil Perú S.A.C. The acquisition is subject to customary closing conditions, including regulatory approval from the National Institute for the Defense of Competition and Protection of Intellectual Property (INDECOPI). WOW provides fixed telecommunication services via fiber-optic connectivity in various Peruvian regions, primarily outside Lima. América Móvil is a telecommunications company providing mobile and fixed-line services.