Phoenix Tower International
Wednesday, July 15, 2020

América Móvil lost 5 million mobile subscribers in second quarter due to confinement measures

4.6 million of them correspond to the prepaid modality. Reductions in the customer base in Mexico (1.7 million prepaid disconnections) and Peru (1 million) were highlighted. Revenues rose 0.6%, despite a 27.2% drop in equipment sales revenue.

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).

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