2017 began with a rather uncertain for America Movil scenario, once the company revealed the latest results of last year, presenting its further decline in profits in the last fifteen years. Now, it seems that they have emerged from the bad luck.
With the publication of its financial results for the first quarter of 2017, America Movil finally has reported earnings by more than USD $35.885 million (USD $ 1.890 billion), which represents an increase in revenue of 18.5% compared with the same period in 2016.
Mexico, Colombia, Peru and Brazil would have been the key countries that helped restore America Movil’s financial situation on the continent, where there are two services that helped the company to recover the way: the fixed internet and mobile telephony.
Subscribers of the internet, from your fixed telephony infrastructure, increased by 4.5%, where the vast majority now opted for home broadband services, which have a higher monthly rent cost.
Whereas, in the field of mobile telephony, subscribers under a mode of postpaid, with a monthly rate plan, increased by 5.1%, while Mobile Prepaid users fell almost 4%.
But it is too early to declare victory. Since the company is under a rough regulation process by monopolistic practices in Mexico, one of its most important countries for doing business.
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