America Movil grows Q3 sales 5.3%

America Movil reported third-quarter revenues of MXN 153.6 billion, up 5.3 percent from a year before. Mobile revenues rose 9.1 percent to MXN 83.5 billion, while fixed-line revenues were unchanged year-on-year.

The company finished September with 266.8 million access lines, 11.5 percent more than in the same quarter of 2009. That includes 216.8 million mobile subscribers, up 11.6 percent year-on-year, and 50 million fixed, broadband and pay-TV lines, up 10.9 percent.  Net additions in Q3 reached 5.5 million for mobile services, up 37.6 percent from a year ago, including a 22.4 percent rise in postpaid net additions.  The company also added 2.1 million fixed line accesses in the quarter. Mobile data also showed strong growth, to 22.0 percent of mobile service revenues.

EBITDA was up 6.0 percent from a year earlier to MXN 63.0 billion, with the margin up slightly to 41.1 percent.

Net profit increased 8.8 percent to MXN 23.4 billion or MXN 0.58 per share.

Net debt fell from MXN 217.5 billion at the start of the year to MXN 184.2 billion in September.

Capital expenditures totaled MXN 50.0 billion in the first nine months of the year.

All of the figures include Telmex Internacional from 1 July, with year-earlier results restated to reflect the takeover.

See the  America Movil records in Latin Target.

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