América Móvil increases its sales 11.3% thanks to more telephone plans

The company added 1.8 million subscribers in the third quarter, of which 1.4 million are postpaid. Brazil contributed 291,000 lines and Colombia with 159,000. While the recharging segment registered 468,000 net additions, mainly from Colombia with 251,000; Eastern Europe with 213,000; and Argentina 200,000.

The company has been marketing the 5G network in several countries such as Mexico for two years, with whose technology it seeks to increase the average spending of users to increase its sales in mobile services.

Thanks to this, he also saw positive results in his profits. América Móvil obtained benefits of 6,430 million pesos, due to a 14.2% increase in operating profit and a 4.8% reduction in the comprehensive financing cost.

While the operating flow (EBITDA, for its acronym in English) registered 89,422 million pesos, which implies a growth of 11.9%, compared to the third quarter of 2023. This result was mainly driven by tower sales.

Mexico

The Mexican operation also obtained favorable results. The company’s income in the country grew 2.3%, obtaining 83,796 million pesos, thanks to an addition of 108,000 postpaid subscribers in the third quarter. América Móvil totaled a subscriber base of 84.2 million subscribers in Mexico.

Its operating flow registered 35,138 million pesos, which means an increase of 5.4%. While its net profit grew 8.4%, obtaining 26,732 million pesos.