Sunday, 20 May 2018

America Movil turns in hefty Q4 loss

By Total Telecom staff
Friday 03 February 17

Mexico-based telco group reports €272 million net loss in last three months of 2016, talks up postpaid customer additions.

America Movil posted a net loss equivalent to hundreds of millions of euros in the last three months of 2016, its balance sheet hit by financing costs and the impact of a weak Mexican peso. The Mexico-based telecoms group said its net loss in the fourth quarter reached MXN5.97 billion (&euro…

America Movil posted a net loss equivalent to hundreds of millions of euros in the last three months of 2016, its balance sheet hit by financing costs and the impact of a weak Mexican peso. The Mexico-based telecoms group said its net loss in the fourth quarter reached MXN5.97 billion (&euro…

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