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America Movil results rebound in Q3, organic service revenues up 1.5%

2020-10-21 10:06:00| Telecompaper Headlines

(Telecompaper) America Movil reported an improvement in third-quarter results compared to Q2 trends, as confinement measures began to be lifted in its footprint and commercial activity rebounded in most markets. Revenues rose 4.7 percent year-on-year to MXN 260 billion, and EBITDA increased 10.1 percent to MXN 86.5 billion. At constant exchange rates, service revenues rose 1.5 percent year-on-year, nearly double the growth rate in Q2, as mobile service growth improved to 3.5 percent from 2.3 percent in the previous quarter. 

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