América Móvil is getting bigger and stronger, Access Evolution

There’s no doubt that telecommunications companies will need to scale in the coming years if they want to thrive financially and fully reap the benefits of the digital services economy. One service provider that already has the scale they need is América Móvil, which offers 314 million wireless connections across its multiple operating markets in Latin America and Europe.

The operator who is controlled by the family of Mexican billionaire Carlos Slim, reported Solid financial results for the second quarter, with group services revenue of MXN175.1 billion (US$9.9 billion), up 3.5% year-on-year, and total revenue (including mobile phones and other equipment) of MXN205.5 billion (US$11.6 billion), up 1.5%. Operating profit (earnings before interest and taxes) increased 12.9% to MXN45.5 billion (US$2.6 billion), but currency fluctuations due to depreciation of the Mexican peso after the last presidential election The decline weighed on the operator’s financial results, resulting in a net loss of MXN1.1 billion (US$620 million) for the quarter, compared with a high net profit a year earlier.

In all its operations America Mobil It has 314 million mobile subscribers (including machine-to-machine calls – see table below), 32.9 million fixed broadband subscribers and 74.4 million fixed telephony and pay-TV subscribers. Its largest mobile markets are Brazil (88.3 million customers for its Claro operation) and Mexico (84.2 million for its Telcel operation). Its European operations come from its majority stake (58%) in A1 Telekom Austria Group.