Saturday, October 30, 2010

América Móvil Keeps Growing

América Móvil, now incorporating Telmex, said its revenues in Mexico were up 2.9% year-on-year to 62.1 billion Mexican pesos (5.03 billion US dollars) in the third-quarter, fuelled by a 25.5% increase in wireless data revenues. But fixed line revenues in Mexico declined 3.1% as an increase in broadband service revenues failed to fully offset the decline in fixed-line voice revenues.
 
In Brazil, América Móvil's third quarter revenues increased 2.3% over the prior year to reach 5.3 billion Brazilian reals (3.12 billion US dollars), while in the U.S., revenues climbed 75% to 738 million US dollars as the company "moved upscale in the prepaid segment, which has resulted in its ARPU expanding by one third." source: América Móvil statement

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