Net profits amounted to US$453 million. Total revenues for the period reached US$11.35 billion, up 18% year-on-year. In addition, 2.1 million new postpaid mobile subscribers and 320,000 new broadband connections were added.

América Móvil's net profit fell 48% in the fourth quarter of 2024, to US$453 million, compared to the same period in 2023. This was due to the impact of exchange rate volatility - the operator said - and occurred despite an increase in operating income and an increase in the number of customers of its services.

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América Móvil's profits fall almost 50% due to exchange rate volatility

Net profits amounted to US$453 million. Total revenues for the period reached US$11.35 billion, up 18% year-on-year. In addition, 2.1 million new postpaid mobile subscribers and 320,000 new broadband connections were added.

MORE ANALYSIS

Conecta Infra to open new fiber route between Valparaíso and Las Toninas

Convergencialatina spoke with Rafael Pires, CEO of Conecta Infra, a platform that announced investments of US$350 million to deploy 6,000 km of fiber and connect submarine cable landing points and data centers in Chile, Argentina, and Brazil.

Colombia market sits between duopoly and the need to protect a third player

Millicom consolidated Tigo’s operation by acquiring the 50% stake held by EPM and later by purchasing Telefónica’s operation. It is now competing on equal footing with Claro. Meanwhile, Wom is recovering after bankruptcy proceedings, which concluded with a change in ownership.

Telefónica Shareholders Give Broad Support to Murtra's Management

AI inference emerges as magnet and Nvidia launches bet

At Nvidia’s developer conference, its CEO, Jensen Huang, confirmed that the company is moving toward the AI inference business, while continuing to support its AI training segment. In 2025, combined chip sales across both segments exceeded US$302 billion.

In modern warfare, data centers are military targets

Iran's drone attacks on three Amazon Web Services (AWS) data centers in the United Arab Emirates and Bahrain opened a new stage: the inclusion of this infrastructure as a war target since it is presumed that its facilities serve the war effort.

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