Postpaid Mobile Lifts América Móvil

América Móvil reported a 3.2% year-on-year increase in service revenues, at constant exchange rates, for the fourth quarter of 2019 to 209 billion Mexican pesos (11.25 billion U.S. dollars). The growth figure excludes Argentina, which is subject to inflation-adjusted accounting. The operator said its mobile revenues rose 5.7%, lifted by a 15.6% increase in Brazil where it is gaining market share. Source: América Móvil statement