The impact of the health crisis is evident throughout the breakdown of América Móvil's results for the second quarter of 2020. Although revenues remained practically stable - they rose 0.6% to US$11.141 billion - they suffered a drop in 27.2% in the case of sale of terminals due to the cessation of commercial activities in most of the markets where the company operates. This was offset by a 6.5% rise in service revenues (the rise in mobile phones was 2.3%) and the expansion of fixed accesses (450,000 were added in the period).
Operating income increased 10.5% to US$1.808 billion, which contributed to a net profit of US$888 million (+39.7% year-on-year). The firm also reported a decrease in financial costs of 6.3% to US$490 million.
Between April and June, América Móvil lost 5 million mobile subscribers, highlighting prepaid disconnections in Mexico (1.7 million), Peru (1 million) and Ecuador and Guatemala (450,000 each). The operator's total fleet of mobile accesses reached 277.5 million, a variation of -0.1% compared to June 2019 and -1.8% compared to March 2020.
In the fixed segment, the IGUs totaled 80.9 million, a decrease of 1.2% compared to the second quarter of last year. There were notable increases in Argentina, Paraguay and Uruguay (38.3%), Ecuador (11.1%) and Peru (10.9%).
All the operations showed extensions in fixed accesses (except Telekom Austria), although Brazil showed significant disconnections from pay TV (190,000).