Tuesday, May 3, 2011
Mobile Data Keeps América Móvil Growing
América Móvil said its first quarter revenues totaled 156.2 billion Mexican pesos (13.5 billion US dollars), up 6.3% year-on-year. The Mexico City-based telecoms company said at, constant exchange rates, its revenue from mobile data services increased by 37.8% and its revenue from fixed data services by 7.4%.
However, the pan-Americas telecoms company reported that fixed voice revenues declined 4.3% as revenue reductions in Mexico, Central America and the Caribbean more than offset the 3.7% rise observed in South America. However, América Móvil's revenues in the U.S. rose 43.3% year-on-year to 868 million US dollars.
América Móvil said that it added nearly 6 million wireless subscribers and 1.5 million fixed line "revenue generating units" in the first quarter. At the end of March, the company had "231 million wireless subscribers, 13.6 million broadband accesses, 28.7 million landlines and 10.8 million PayTV clients, for a total of 284 million accesses, 12.1% more than a year before." source: América Móvil statement
Labels: More Latin American telecoms
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