Saturday, 21 October 2017

America Movil posts Q1 net profit slide, fails to win TV licence

By Mary Lennighan, Total Telecom
Friday 24 April 15

Mexican telco under pressure in its home market as regulatory measures hit growth, while currency effects affect group bottom line.

America Movil reported a 42.1% decline in net profit in the first quarter of 2015, largely as a result of forex issues, while revenue growth was hit by regulatory measures in Mexico. Meanwhile, the Mexican regulator this week awarded a dozen new licences for the provision of telecoms and TV services, but America Movil was reportedly not among the licence winners…

America Movil reported a 42.1% decline in net profit in the first quarter of 2015, largely as a result of forex issues, while revenue growth was hit by regulatory measures in Mexico. Meanwhile, the Mexican regulator this week awarded a dozen new licences for the provision of telecoms and TV services, but America Movil was reportedly not among the licence winners…

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