Tuesday, 22 August 2017

America Movil swings to Q3 loss

By Mary Lennighan, Total Telecom
Tuesday 20 October 15

Mexican incumbent hit by currency exchange rates; calls for fairer regulation in its home market.

America Movil posted a net loss in the third quarter of the year on the back of currency effects across its operations, and used its results announcement to reiterate calls for a pay TV licence and an end to asymmetric regulation. The Mexican incumbent's net loss for the three months to the end of September came in at 2.9 billion pesos (€154 million, at the current exchange rate), compared with a net profit of MXN12.6 billion in Q3 2014…

America Movil posted a net loss in the third quarter of the year on the back of currency effects across its operations, and used its results announcement to reiterate calls for a pay TV licence and an end to asymmetric regulation. The Mexican incumbent's net loss for the three months to the end of September came in at 2.9 billion pesos (€154 million, at the current exchange rate), compared with a net profit of MXN12.6 billion in Q3 2014…

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