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

Clear progress in customer satisfaction with Brazilian telecommunications services

In the last decade, almost all services have improved their levels of provision, which has increased the quality perceived by suscribers, according to a study conducted by Anatel.

Telefónica Argentina already sold, but it had already been gone for some time now

The negotiations were brief and professional, as well as hermetic. The regulatory debate and the impact of the operation on the market took centre stage. Concerns about jobs and the use of Movistar brand. The smaller companies believe that there is no monopoly.

MWC Barcelona 2025 to seek to showcase practical cases of network “APIfication"

Telefónica: “The Argentine operation is no longer part of our portfolio. What happens is not our concern”

This was stated by Laura Abasolo, the operator's leader for the Latin American region. She assured that they will continue exploring "strategic alternatives" and "generating value for shareholders."

Telefónica achieved all its financial objectives in 2024 and faces a "strategic review" of its businesses

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