América Móvil reported third-quarter revenues up nearly 8 percent from the prior year to MXN 167 billion. EBITDA grew a slower 1 percent to MXN 64 billion amid higher costs for winning new customers in postpaid mobile and pay-TV, as well as expansion in its biggest markets Mexico and Brazil.

Operating profit fell 3.3 percent to almost MXN 40 billion, and net profit was down 21 percent to MXN 18.7 billion due to forex losses. The company finished the quarter with a total 298 million access lines, up 11.7 percent from a year ago. In the three months since June, it added 5.5 million mobile customers, to bring the total base to 241.5 million.

Postpaid growing twice as fast as prepaid and reached 15 percent of the total customer base. The number of fixed-line RGUs was up 3.6 percent from June and 12.9 percent from a year ago to a total 56.43 million. That includes 29.3 million landlines, 14.6 million broadband accesses and 12.5 million TV subscribers.

In the first nine months of 2011, the company spent MXN 73 billion on capital equipment, while net debt rose by MXN 40 billion to a total MXN 247 billion at the end of September.

See the América Móvil record in Latin Target.

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