The holding company reported an increase in total income of 1.5%, to US$ 11.585 billion. The loss was US$61.5 million. In the period it added 2.4 million mobile subscribers to 313.6 million. It also added 376,000 new broadband accesses and IGUs amounted to 74.3 million.

América Móvil reported that its financial results for the second quarter of 2024 were affected by the depreciation of the Mexican peso, its unit of account, which lost value against the rest of the region's currencies and the dollar, after the general elections last June 2 won by the ruling party.

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Weakness of Mexican currency affects results of América Móvil

The holding company reported an increase in total income of 1.5%, to US$ 11.585 billion. The loss was US$61.5 million. In the period it added 2.4 million mobile subscribers to 313.6 million. It also added 376,000 new broadband accesses and IGUs amounted to 74.3 million.

MORE ANALYSIS

APIs: Telcos' alternative to not being tied to hyperscale players

América Móvil added 2.8 million subscribers in the first quarter of 2025

The operator achieved a revenue increase of almost 40% compared to the same period in 2024. Of the new subscriptions, 2.4 million were

Telefónica reshapes Hispanoamérica: Colombia and Peru in play

These are the last two divestments of the Spanish operator in the region. Its operations remain in Mexico and Chile, the largest, and in Ecuador, Uruguay and Venezuela, the latter with the burden of a recent investment of US$ 500 million to deploy 5G in that country.

Telefónica sold its Peruvian subsidiary for € 900,000 in addition to debt of more than € 1.2 billion

Latin American telecommunication market remains turbulent and on the path to consolidation.

Telefónica's exit from Argentina is part of a broader move by the Spanish operator, which has focused on Brazil and Europe. Meanwhile, Liberty Latin America is gaining ground, while WOM changes owners in Colombia and Chile.

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