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

Millicom consolidates regional expansion in record second quarter

Liberty Latin America consolidated profitability in the second quarter

The group reported OIBDA growth, a solid improvement in free cash flow and operational progress driven by broadband and postpaid mobile services. LLA ended June with 6,759,800 mobile subscribers and 3,883,500 fixed revenue-generating units (RGUs).

Claro’s strategy to consolidate its leadership in Brazil’s broadband market

The acquisition of regional operator Desktop will allow the company to expand its presence in the state of São Paulo, the main stronghold of its competitor Telefónica, which has already withdrawn from most of the Latin American market.

Big Tech burns free cash flow on AI investments

The combined spending by Amazon, Microsoft, Google and Meta exceeded the cash generated by their core operations by US$100 billion. A situation that is worsening.

Automation in Personal’s mobile access network: initial impacts on site acceptance, balancing and diagnostics

Convergencia identified how AI is being applied in five areas: 2G, 3G, 4G and 5G integration; mobile site acceptance; RAN Sharing; refarming and overlay; and vendor license management.

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