Growth Eludes América Móvil

América Móvil reported a 0.6% year-on-year fall in service revenues in the third quarter at constant exchange rates, a figure that was almost identical to the one reported for the second quarter. Group revenues in the quarter were 223.6 billion pesos (13.6 billion US dollars).

The Mexico-based group said voice revenues—both mobile and fixed—continued to decline in relation to service revenues. However, data revenue growth accelerated in the third quarter, rising 10.7% and 7% on mobile and fixed platforms, respectively. source: América Móvil statement