Telecom operator America Movil has revealed its 5G business performance during the third quarter of 2022.
America Movil ended September with 382 million access lines, which includes 308 million wireless subscribers and 75 million fixed-line RGUs.
America Movil has added 2.9 million wireless subscribers in the quarter, including 1.9 million postpaid clients with over half of from Brazil, 329,000 from Austria, 215,000 from Colombia and 155,000 from Peru.
America Movil’s fixed-line business added 156,000 broadband connections, including 95,000 in Argentina and 31,000 in Central America, bringing the total to 31.1 million accesses, 2.1 percent more than a year before.
America Movil reported third quarter revenue of 214.5 billion pesos, up 1.8 percent year-on-year in nominal peso terms, with service revenue increasing 3 percent in nominal peso term and 5.9 percent year-on-year at constant exchange rates.
Capex and 5G
America Movil said its capital expenditures (Capex) touched 105.3 billion pesos in the nine months to September as compared with 91.53 billion pesos.
America Movil Mexico (Telcel) had 5G coverage in 64 cities at the end of the quarter. America Movil continued with the migration of traffic and subscribers over to 5G network. Telcel noted that ARPUs were up 7.6 percent and 6.3 percent in the postpaid and prepaid segments, respectively, partly as a result of upselling to 5G services.
America Movil’s Claro launched 5G services in Brazil in July in the 3.5GHz frequency in 27 cities. Claro also launched new postpaid plans designed for high data consumers in 5G.
America Movil’s Claro launched 5G services in Guatemala with nation-wide presence covering all mayor cities.
America Movil reported a 13.7 percent jump in third-quarter net profit, helped by wireless subscribers across all the regions where it operates compared to a year earlier.
The company, which is controlled by the family of Mexican billionaire Carlos Slim, posted a net profit of 17.97 billion pesos ($892.83 million), up from the third quarter last year, which suffered from negative impacts of foreign exchange.
