Wednesday, October 20, 2021

América Móvil's revenues and profit fell in Q3

Total sales reached US$ 12.670 billion, down 2.6% compared to the same quarter of 2020. This despite the increase in billing for services, both mobile and fixed, except in the pay TV segment. in which it lost almost 200,000 clients -181,000 in Brazil alone. Net profit amounted to US$ 800 million, with a 16.4% drop in year-on-year terms.

América Móvil’s (AMX for its code in the stock exchanges) total revenues in Q3 totaled US$ 12.670 billion, representing a 2.6% decrease compared to the same period of 2020. This result was impacted by losses caused by the devaluation of the local currencies of countries in the region compared to the dollar.

Read full article

MORE ANALYSIS

América Latina · Data Center15/10/2026

The future of wholesale and the reinvention of connectivity

The wholesale business is entering a more mature phase, with portals and APIs playing a key role in driving growth. Cirion has introduced Network-as-a-Service as an overlay on its underlying infrastructure, enabling it to restore margins and expand its addressable market.

México · Operators14/10/2026

Televisa and Fintech Holdings buy AT&T for US$2 billion

The buyers will each hold a 50% stake in the new entity. Regulatory approval for the acquisition could be completed in the first quarter of 2027. AT&T has 24.7 million mobile connections. In 2025, it reported nearly US$5 billion in revenue and US$81 million in profit.

Globales · Hardware · Software and Applications · Data Center13/10/2026

Shadow financing: Hidden debt behind AI deployment has reached US$1.35 trillion

These liabilities are estimated for five companies: Meta, Alphabet, Amazon, Microsoft and Oracle. As data centers become operational, these liabilities move onto the balance sheet and become visible. The risk is that the spending fails to generate sufficient profits, potentially leading to massive write-downs.

Brasil · Regulation07/10/2026

Futurecom 2026

Anatel calls for a role in regulating the digital ecosystem

América Latina · Software and Applications07/10/2026

Futurecom 2026

Eletronet launches solution to protect data with post-quantum encryption

List all analysis

A DIARIO LATINO 15-10-2026

América Latina · Data Center 15/10/2026

The future of wholesale and the reinvention of connectivity

Panamá · Submarine Cables 15/10/2026

Government authorizes installation of the Trans Ocean One

List all news