America Movil finished 2009 with 201 million mobile customers, up by 6.6 million from September 2009 – 3.4 percent growth. Compared to end-2008, the customer base grew 10.0 percent.
In the fourth quarter, Brazil led the increase in customer numbers, with net additions of 2.1 million, followed by a gain of 807,000 subscribers in Mexico.
America Movil, which operates under the brand names Claro and Telcel, said it saw a significant increase in postpaid additions compared to a year ago, especially in Mexico, the Dominican Republic and Chile. The company said it beat its subscriber growth target for the year thanks to a quicker-than-expected recovery in the South American economies and substantial growth in data services.
Quarterly revenues rose 13.4 percent year-on-year to MXN 107.1 billion. Services revenues increased almost 15 percent, amid a 48.7 percent jump in data revenues and a 9.3 percent rise in voice revenues. EBITDA improved 16.9 percent to MXN 40.8 billion, helping the margin rise to 38.1 percent from 37.0 percent a year earlier. Net profit fell 17.2 percent to MXN 13 billion, mainly due to higher depreciation and amortisation on GSM networks. Going forward depreciation and amortization charges will be closer to 12.5-13.0 percent of revenues, compared to 16.5 percent in the fourth quarter, the company said.
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