America Movil has revealed the status of its 5G network coverage in Mexico and Brazil during the first quarter of 2023. America Movil has achieved significant improvement in its ARPU where 5G network is growing.
America Movil’s capital expenditures (Capex) totaled 29.2 billion pesos.
America Movil’s Telcel has enhanced 5G coverage to 120 cities across Mexico. Monthly ARPU of Telcel has increased 5 percent to MxP 170. America Movil’s Telcel has increased the number of wireless users by 2.5 percent to 82.982 million in Mexico.
America Movil’s Claro has increased 5G coverage to 77 cities in Brazil. Claro is the undisputed leader in 5G technology in Brazil, according to Anatel. Claro’s ARPU rose 4.2 percent to BrL 23. America Movil’s Claro has increased the number of wireless users by 15.4 percent to 82.844 million in Brazil.
America Movil has added 1.1 million wireless subscribers in the first quarter of 2023, including 1.9 million postpaid clients. America Movil added 944 thousand wireless subscribers in Brazil, 285 thousand in Austria, 164 thousand in Colombia and 128 thousand in Peru.
In the prepaid segment, America Movil had net disconnections of 754 thousand subscribers as Brazil disconnected 1.4 million, including 1.6 million former Oi subs. Colombia contributed with 354 thousand net adds, Argentina 190 thousand and Central America and Ecuador with 110 thousand each.
On the fixed-line platform America Movil obtained 313 thousand broadband accesses, including 139 thousand in Mexico, 74 thousand in Argentina and 47 thousand in Brazil.
America Movil reported first quarter revenue of 208.9 billion pesos, up 1.7 percent year-on-year in nominal peso terms, with service revenue declining 2.2 percent.
Fixed-line service revenue increased 1.8 percent at constant exchange rates, its best performance in over a year. The improvement of fixed-line service revenue growth was driven mostly by Mexico, Brazil and Colombia.
Mobile service revenue was up 9.3 percent with prepaid revenue rising 8.2 percent and postpaid revenue 9.9 percent.
America Movil posted a 2.1 percent dip in first-quarter net profit from a year earlier, to 30.15 billion pesos ($1.7 billion), mainly due to smaller gains from foreign currency earnings as the peso strengthened.
The company, controlled by the family of Mexican tycoon Carlos Slim, said currency gains dropped about 40 percent to 13.7 billion pesos from 22.5 billion pesos in the year-ago period.