News

América Móvil Q1 net profit rises 18.7%

Bnamericas Published: Tuesday, April 28, 2009
Mexican mobile phone giant América Móvil (NYSE: AMX, Nasdaq: AMOV) posted an 18.7% rise in net profit in the first quarter to 16.4bn pesos (US$1.15bn), driven by subscriber growth, the company said in a statement. The company added 3.9mn new subscribers in the period to close March with 186.6mn across Latin America, 17.2% more than a year prior. Revenues totaled 93.8bn pesos, up 15.4% year-on-year. Ebitda rose 12.9% to 38.3bn pesos, with the margin at 40.8%, slightly lower than the same quarter a year before. Ecuador, Chile, Paraguay, Nicaragua and the Caribbean all recorded higher subscriber gains than in the year-ago period, in spite of higher penetration levels and the economic downturn. Data revenues expanded by 47.2% in the period, mostly on the back of 3G services, propping up ARPUs in several countries.

To continue reading, subscribe to BNamericas to get all the information in this article and access to related news items and reports.

Subscribe to BNamericas and gain access to thousands of project profiles, key contacts and news.

Other projects

Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.

  • Project: It t 373_r14
  • Current stage: Blurred
  • Updated: 5 months ago
  • Project: It t 441_r14
  • Current stage: Blurred
  • Updated: 5 months ago
  • Project: It m 667_r14
  • Current stage: Blurred
  • Updated: 5 months ago
  • Project: It m 671_r11
  • Current stage: Blurred
  • Updated: 5 months ago
  • Project: It m 592_r14
  • Current stage: Blurred
  • Updated: 5 months ago
  • Project: It m 596_r11
  • Current stage: Blurred
  • Updated: 5 months ago
  • Project: It m 598_r11
  • Current stage: Blurred
  • Updated: 5 months ago
  • Project: It t 476_r14
  • Current stage: Blurred
  • Updated: 5 months ago

Other companies in: ICT

Get critical information about thousands of ICT companies in Latin America: their projects, contacts, shareholders, related news and more.

  • Company: Telefonaktiebolaget LM Ericsson  (Ericsson)
  • Founded in 1876, Ericsson is a Swedish provider of communications networks, related services and handset technology platforms. The company is a supplier of systems and services ...
  • Company: Gartner, Inc.  (Gartner)
  • US company Gartner, Inc. provides IT research and analysis. Its products and services include a comprehensive collection of research and advice for the users and vendors of tech...
  • Company: Gilat Satellite Networks Ltd.  (Gilat)
  • Israel's Gilat Satellite Networks Ltd., founded in 1987, is a provider of satellite-based broadband communications. The company designs and manufactures ground segment equipment...
  • Company: Grupo Clarín S.A.  (Grupo Clarín)
  • Argentine holding company Grupo Clarin SA is engaged in the media sector through a number of subsidiaries. Its activities are structured in four business segments namely Cable T...
  • Company: GSM Association  (GSMA)
  • GSM Association (GSMA); aimed at supporting the standardizing, deployment and promotion of the GSM mobile telephone system; is a London-based union of nearly 800 mobile operator...
  • Company: Radiomovil Dipsa S.A. de C.V.  (Telcel)
  • Radiomovil Dipsa S.A. de C.V. (Telcel) is a Mexican mobile operator which offers voice services under a variety of rate plans, either prepaid or postpaid. Additionally, the comp...
  • Company: Telecom Italia S.p.A.  (TIM)
  • Telecom Italia S.p.A. (TIM) is an Italian telecommunications company that provides voice and data on fixed and mobile networks for domestic consumers, business, and wholesale op...