Brazil and U.S. Buoy America Movil

America Movil reported a 7.8% increase in revenues, at constant exchange rates, to 204 billion Mexican pesos (15.3 billion U.S. dollars) in the fourth quarter of 2013. The pan-Latin America telco said that mobile data and PayTV were the main drivers of revenue growth, increasing 18.8% and 21.8%, respectively, at constant exchange rates. In the U.S., revenues were up 13.8% to 1.54 billion U.S. dollars and in Brazil 10.9% to 8.79 Brazilian reals (3.63 billion U.S. dollars).

The company said: "service revenue growth in the South American block remained strong—although it moderated somewhat from the prior quarter mostly on account of the deceleration that has taken place in Colombia—and remained stable, at 4.1% in Central America and the Caribbean. In Mexico it picked up from -2.1% in the third quarter to -0.6% in the fourth, possibly reflecting the beginning of an economic recovery in the country." source: America Movil statement