The tower arm of América Móvil maintained its tower lease ratio at a level of 1.21, similar to the previous quarter. The loss of agreements in Brazil and Panama was offset by new agreements in other countries in the region.

During the first quarter of 2024, Sites, the tower arm of América Móvil, continued to expand its operations across its 16 subsidiaries, reporting a total portfolio of 35,380 telecommunication towers, "thus consolidating our position as one of the largest companies in the sector in Latin America", the firm said in a statement.

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Sites earned US$28 million in the first quarter and added 1,040 towers in a year

The tower arm of América Móvil maintained its tower lease ratio at a level of 1.21, similar to the previous quarter. The loss of agreements in Brazil and Panama was offset by new agreements in other countries in the region.

MORE ANALYSIS

Millicom improves revenues thanks to coin game

Year-on-year improvement in its revenue in the first quarter of 2024 was 8.6%, of which 5 percentage points were due to the strength of the currencies of Colombia and Costa Rica. Good organic performance was observed in Colombia, Panama and Guatemala. Mobile subscriptions rose to 7.34 million.

Telefónica achieves profits of €532 million in first quarter

The group's revenues reached a total of €10,140 billion, with an increase of 1.9%, of which 25% was contributed by the business in Brazil and 20% by Latin America.

Sites earned US$28 million in the first quarter and added 1,040 towers in a year

The tower arm of América Móvil maintained its tower lease ratio at a level of 1.21, similar to the previous quarter. The loss of agreements in Brazil and Panama was offset by new agreements in other countries in the region.

Panama begins 5G era with Más Móvil pilots and plan to allocate more spectrum

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

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