Home / currency / America Movil in first-quarter profit dives on currency swings

America Movil in first-quarter profit dives on currency swings

As informed in MEXICO town (Reuters) – America Movil told on Tuesday its internet profit fell almost fifty % in the 1st quarter because of currency swings, however there were Symptoms Latin America’s largest wireless transporter was endeed reaping the rewards of an important Supreme court of law decision in Mexico.
FILE PHOTO: The logo of US Movill Information Systems seen on the wall at the company’s corporate offices in Mexico City, Mexico March 14, 2018.
America Movil attributed a decline in discounds to the peso’s approbation versus other currencies.
Mexico’s 2013-14 telecommunications repair forced US Movil to allow competitors Utilize its network for free, which was a drag on the company’s profits.
“This means they are monetizing the request for information which we are seeing across Latin America,” de Legarreta said.

UPDATE 2-America Movil 1st-qtr profit dives on currency swings

America Movil attributed a decline in discounds to the peso’s approbation versus other currencies.
A powerful peso means income from other countries Information Systems worth less the time translated into Mexican currency.
Mexico’s 2013-14 telecommunications repair forced US Movil to allow competitors Utilize its network for free, which was a drag on the company’s profits.
The company’s average income per consumer for cell cell smartphone rose 11.6 % in Mexico & 10.7 % in Brazil, its 2 generality important markets.
“This means they are monetizing the request for information which we are seeing across Latin America,” de Legarreta said.

 

America Movil
America Movil

America Movil 1st-qtr profit dives on currency swings

Referring to ReutersBy Julia LoveMEXICO CITY, April 24 (Reuters) – US Movil told on Tuesday its internet profit fell almost fifty % in the 1st quarter because of currency swings, however there were Symptoms Latin America’s largest wireless transporter was endeed reaping the rewards of an important Supreme court of law decision in Mexico.
The telecommunications company, which Information Systems controlled with the family of Mexican billionaire Carlos Slim, posted a internet profit of 18.087 bn pesos ($988 million), compared with 35.85 bn pesos in the same quarter a year earlier.
Mexico’s 2013-14 telecommunications repair forced US Movil to allow competitors Utilize its network for free, which was a drag on the company’s profits.
America Movil’s rivals, that competed to offer the better packages after reform, appear to be acting further conservatively in the fresh regulatory environment, Garcia said.

 

 

 

Collected by :Donald Luther

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