America Movil’s Capex is on track to reach $8 bn

America Movil said the rollout of its 5G network in Mexico will cover 100 cities by the year-end as against 120 cities planned earlier.
America Movil CEO Daniel HajjAmerica Movil, controlled by the family of Mexican billionaire Carlos Slim, in February announced the launch of its 5G network in 18 cities in Mexico, with a $1.8 billion planned investment.

At that time, America Movil said it aimed to cover 120 Mexico cities by the year end to kick off what regulators have said will become the largest 5G commercial network in Latin America.

In addition to Mexico, America Movil has rolled out some 5G services in the Dominican Republic and Peru, said Chief Executive Daniel Hajj, speaking in a call with analysts after first-quarter results.

“It’s doing good. I think 5G is going to give us a better ARPU (average revenue per user) to our prospect customers,” Daniel Hajj said.

Daniel Hajj said the company’s 5G strategy was getting more, for more, which implied customers pay more for 5G data, but said plans could vary by country.

Executives also said America Movil’s capital expenditure is on track to reach $8 billion in 2022, the same figure as 2021.

America Movil’s revenue rose 2.4 percent from a year earlier to 211.2 billion pesos.