America Movil invests $8.72 billion towards Capex in 2015

America Movil CEO Carlos Slim
Telecom network operator America Movil has made an investment of 164 billion pesos or $8.72 billion towards Capex (capital expenditure) in 2015.

America Movil did not share forecast on investment planned for 2016.

Net debt of America Movil in 2015 was 585 billion pesos as compared to 537 billion pesos a year earlier.

America Movil — promoted by Carlos Slim — has 367 million subscribers — 286 million wireless subscriber and 81 million fixed-line users in 2015.

America Movil, which is competing with AT&T in its home market of Mexico, has added 1.5 million (+5.9 percent) postpaid wireless subscribers in the fourth quarter including 513 thousand in Brazil and 361 thousand in Mexico.

The Latin American telecom major said its Q4 2015 revenue rose 0.6 percent to 231 billion pesos. Service revenues declined 0.6 percent. Wireless data revenues grew 10.3 percent, fixed data 7.9 percent and PayTV revenues 6.6 percent.

America Movil generated 32.5 percent revenue from Wireless Voice, 31.7 percent from Wireless Data, 13.7 percent from Wireline Voice, 13.7 percent from Wireline Data and 8.7 percent from Pay TV in Q4 2015.

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