America Movil reported fourth-quarter revenues of MXN 182 billion, up 12.3 percent from a year earlier. Mobile revenues rose 15.4 percent, and fixed-line revenues were up 6.8 percent.

Growth was led by mobile data services, up 27 percent on a constant currency basis, as well as expansion in fixed broadband and pay-TV. This helped offset the sharp cuts to termination rates in its home market Mexico. EBITDA rose a slower 3.9 percent to MXN 64.5 billion, hurt by the rate cuts and investments in expansion and marketing, particularly in Brazil. Operating profit was up 15.1 percent to MXN 38.3 billion, helped by lower depreciation.

Net profit fell to MXN 16.3 billion from MXN 25.5 billion a year earlier, due to the weaker peso and higher financing costs after the buy-out of Telmex and share buybacks. Net debt rose to MXN 321 billion from MXN 207 billion at the close of 2010.

The company finished 2011 with a total 299.6 million access lines, up 8.3 percent over the year. Mobile customers grew by 304,000 in the three months to December, slower than previously due to a change in active prepaid definitions in Mexico, Colombia and Ecuador, which resulted in the disconnection of almost 5 million customers.

The postpaid base rose by 1.6 million in the quarter to 34.7 million. The total mobile base numbered 241.8 million at year-end. The number of landlines rose 3.4 percent from a year earlier to 29.4 million, broadband subscribers increased 15.6 percent to 15.1 million and pay-TV customers were up 33.1 percent to 13.4 million.

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