• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

América Móvil beats estimates despite impact of line registration in Mexico

FinanceInternationalBloomberg Línea30 s readAI summary
Image: Bloomberg Línea

América Móvil beat market forecasts on its main third-quarter indicators, posting EBITDA of MXN$102 billion (US$5.5 billion), above the average analyst estimate; revenue and net profit also exceeded expectations. The user registration required by the Mexican government hit prepaid, where growth in service revenue in Mexico slowed to 4.3%, from 5.3% in the prior period. Postpaid accelerated to 8%. Mexico began suspending unregistered prepaid lines in August.

In 30 seconds

  • EBITDA of MXN$102 billion (US$5.5 billion), above the average analyst forecast
  • Revenue and net profit also beat market expectations
  • Service revenue in Mexico grew 4.3% in prepaid, versus 5.3% in the prior period
Read the full story at Bloomberg Línea

IASummary generated by artificial intelligence from a story by Bloomberg Línea. It may contain errors: the original source prevails.

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