America Movil Q2 revenues drop 2.7% to MXN250.1bn

17 Jul 2019

Mexico City-based telecoms giant America Movil (AM) has reported total revenues of MXN250.1 billion (USD13.1 billion) for the three months ended 30 June 2019, representing a decrease of 2.7% compared to MXN257.0 billion in 2Q18. EBITDA for the quarter under review, meanwhile, climbed 6.3%, from MXN73.5 billion to MXN78.2 billion. Finally, AM’s bottom line jumped from MXN435 million in the second quarter of 2018 to net income of MXN14.1 billion in 2Q19.

In operational terms, AM ended the quarter with a total of 277.916 million wireless subscriptions, up 0.2% from 277.458 million twelve months earlier; Mexico-based Telcel remains the operator’s largest mobile unit, claiming 75.994 million subscribers at that date. Wireless markets that witnessed notable subscriber declines in 2Q19 include Brazil and Nicaragua: the group disconnected 793,000 pre-paid lines in Brazil and 399,000 pre-paid accounts in Nicaragua (406,000 including post-paid customers). The Nicaraguan disconnections were blamed on the ‘economic and political conditions in the country’.

Fixed line accesses (RGUs, including wireline, broadband and pay-TV) stood at 84.544 million at end-June 2019, a 0.1% increase from 84.425 million in 2Q18. Claro Brasil (including NET Servicos and Embratel) accounted for the highest number of fixed RGUs, with 34.800 million connections.