Mexico Pulls Down América Móvil

América Móvil, one of Latin America's leading telcos, reported that second quarter revenues fell 2.1% year-on-year at constant exchange rates to 233 billion Mexican pesos (12.3 billion US dollars).  The telco said: "Substantially all our operations maintained their growth trends in local currency terms. In Mexico, however, we saw a step down in revenues brought about mostly by more aggressive commercial plans in the pre-paid segment as a greater part of our subscribers moved towards unlimited call plans." source: América Móvil statement