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.

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Globalstar acquisition does not narrow the gap between Amazon LEO and Starlink

Amazon’s LEO constellation only has 243 satellites in orbit, compared with more than 10,000 from Starlink. Globalstar will add 24 more specifically designed for direct-to-device (D2D) services. The case of Apple and AST SpaceMobile.

5G site deployment in Argentina grew 22% in six months, but standalone 5G remains distant

Two years after the spectrum auction, 8% of accesses are now on 5G. Personal has already activated its 5G Standalone (SA) core, but monetization has yet to materialize. Operators say use cases for 5G SA are still not mature.

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The first round will take place next Sunday the 12th, with 35 candidates taking part —a record. The leading candidate in terms of vote share is Keiko Fujimori, with just 14.5%. A runoff, considered almost certain, will be held on June 7.

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