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

Telecom investment rises through coverage commitments

The latest official data indicate that the amounts involved this year will reach US$1.619 billion, 27% higher than in 2025. The focus of investments will be on meeting coverage commitments for 4G and 5G.

Personal leads FTTH market

The operator was recognized by Ookla for the performance of its fixed home network. Carlos Jenkins, the company’s marketing director, provides details on the network’s growth and its potential for new business opportunities.

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

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