América Móvil reported a 6.9% increase in first quarter revenues to 195.4 billion pesos (14.97 billion US dollars) at constant exchange rates. In Brazil, revenue growth was 8.5%, with wireless revenues rising 5.7% and fixed revenues increasing 11%, fuelled by a 21% growth in pay TV revenues. In Mexico, mobile service revenues rose 4.1% to 67.8 billion pesos and fixed-line revenues rose 0.8%. "On both platforms, service revenues [in Mexico] exhibited their strongest performance in several quarters," the group reported.
América Móvil said it finished March with 342.9 million "accesses", 4.5% more than in the same period of 2013. This figure comprises 272.2 million wireless subscribers, 31.4 million landlines, 19.6 million broadband accesses and 19.7 million PayTV units. The group said its fixed line operations added 1.2 million revenue generating units (RGUs) in the quarter, of which 571,000 were Pay TV units and 492,000 broadband accesses.
The Mexico City-based group said: "Economic activity continued to improve marginally in much of the developed world during the first quarter of the year, whereas in many developing countries, particularly those more dependent on commodity prices—and in particular those with trade links to China—it decelerated somewhat. In Mexico the economy appears to be making a comeback, continuing with the improved trends that began to take form during the fourth quarter." source: América Móvil statement