Wednesday, April 17, 2024

América Móvil's earnings fell 55% due to peso strength

It reached US$ 790 million in the first quarter of the year. Total revenues and Ebitda were also affected by the extraordinary income from the sale of towers, which boosted the result of a year earlier. Total mobile subscriptions grew 3.6% year-on-year to 311.6 million lines. Fixed UGIs totaled 74.1 million, 1% more than a year earlier.

America Movil had a complex start to the year. During the first quarter of 2024, the company, which operates in Latin America and Europe, saw a 55.2% drop in its profits.

Read full article

MORE ANALYSIS

Globales · Voice Services · Operators · Equipment Providers and Network Solutions04/07/2025

Ericsson: Phasing out 2G and 3G networks is a business play for CSPs

The provider mentioned the case of a European operator who, by switching from old networks to more modern ones, will achieve savings of €53 million over five years. The challenge is to achieve an effective transition with a comprehensive hardware and software approach focused on voice and M2M services.

México · Regulation · Politics03/07/2025

ICT ecosystem enters a new stage with the reform of the Telecommunications Law

The regulation —whose approval by the Chamber of Deputies is considered a given— creates a new technical body to replace the IFT and allows the Federal Electricity Commission (CFE) to enter the market in competition with private companies.

Argentina · Regulation · Operators01/07/2025

Telecom-Telefónica: CNDC’s 'preliminary' report arrived sooner than expected

The ruling, over 100 pages long, identifies horizontal effects in residential, corporate, and wholesale markets, as well as vertical and portfolio effects. The regulator stated that the outcome “has the potential to restrict or distort competition.”

Globales · Software and Applications · Operators30/06/2025

Open Gateway hits 80% API market share, eyes new goals

Following the entry of more operators and channels, new developments are seeking business cases beyond security and fraud prevention as a way to meet growing demand. This approach also opens the door to monetization, said

Venezuela · Satellites · Software and Applications26/06/2025

Maduro's government installs Russian Glonass system and moves away from Western technology

It is currently in a testing phase at an air base. It competes with the ubiquitous GPS, which Caracas dismissed due to its strained relations with the United States. It operates in the L1, L2, and L3 bands and recently incorporated signals in CDMA.

List all analysis

A DIARIO LATINO 05-07-2025

El Salvador · Software and Applications 04/07/2025

The use of Chivo Wallet facilitates scams such as Ponzi schemes

Brasil · Satellites · Regulation 04/07/2025

ViaSat-3 satellite to operate at 79° west orbital slot

Globales · Voice Services · Operators · Equipment Providers and Network Solutions 04/07/2025

Ericsson: Phasing out 2G and 3G networks is a business play for CSPs

List all news