América Móvil Notches Up More Growth

América Móvil, the largest telecoms company in Latin America, said its third quarter revenues climbed 8.6% year-on-year at constant exchange rates to 167 billion pesos (12.8 billion US dollars) "buoyed by data services that expanded rapidly on both the mobile and fixed platforms and by PayTV revenues that climbed 58%."

The company said "mobile revenues increased 10.7% and fixed-line revenues 3.2%; in South America they were up 12.0% at constant exchange rates. Absolutely all our operations registered revenue increases from a year before, with growth rates in Colombia, Chile, Ecuador, and Peru in the teens and that of Argentina slightly above 20%. Revenues of our U.S. operation, Tracfone, continued to expand rapidly—35% year-on-year." source: América Móvil statement