Data Moves Needle at América Móvil

América Móvil, which has operations across Latin America, said its revenues increased 8.6% year-on-year in the fourth quarter of 2011 on a like-for-like basis to 182 billion Mexican pesos (14.2 billion US dollars). The company said, at constant exchange rates, mobile data revenues rose 27% and fixed broadband revenues climbed 15% and PayTV revenues were up 48%.

América Móvil said it finished December with 300 million connections, of which 242 million were wireless subscribers. Wireless connections were up 7.4% year-on-year. The group's U.S. unit, Tracfone, said its revenues rose 31% year-on-year in the fourth quarter to more than one billion US dollars. source: América Móvil statement