amxpr3q14_6k.htm - Generated by SEC Publisher for SEC Filing

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
 
For the month of October, 2014

Commission File Number: 1-16269
 

AMÉRICA MÓVIL, S.A.B. DE C.V.
(Exact name of registrant as specified in its charter)
America Mobile
(Translation of Registrant´s name into English)
 
Lago Zurich 245
Plaza Carso / Edificio Telcel
Colonia Granada Ampliación 
11529 Mexico, D.F., Mexico
(Address of principal executive office)
 

Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F. 
Form 20-F ___X___ Form 40-F _______

Indicate by check mark if the Registrant is submitting this Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):
Yes _______ No ___X____

Indicate by check mark if the Registrant is submitting this Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):
Yes _______ No ___X____

Indicate by check mark whether the registrant by furnishing the information contained in this Form 6-K is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____


 

 

 

América Móvil’s third quarter of
2014 financial and operating report

 

Mexico City, October 23, 2014 - América Móvil, S.A.B. de C.V. (“América Móvil”) [BMV: AMX] [NYSE: AMX] [NASDAQ: AMOV] [LATIBEX: XAMXL], announced today its financial and operating results for the third quarter of 2014.

 

We added 1.5 million accesses in the third quarter, including 1.4 fixed RGUs to end September with 364.4 million accesses, 1.8% more than a year before. This figure includes 286.8 million wireless subs, 34.0 million landlines, 22.2 million broadband accesses and 21.4 million PayTV units. Telekom Austria contributed   24.3 million accesses.

 

Our postpaid subscriber base continued to grow rapidly, as was the case with our PayTV and broadband accesses. They were up 5.6%, 12.2% and 8.5% respectively relative to the year-earlier quarter. 

 

Third quarter revenues totaled 221 billion pesos, 4.0% more than a year before. At constant exchange rates, our service revenues increased 4.7% in the quarter, led by mobile data services and by PayTV revenues that rose 15.2% and 14.7%, respectively.

 

EBITDA of 69.2 billion pesos was roughly flat at 0.4% in peso terms. At constant exchange rates, it rose 6.3%, slightly more than would have been posted the prior quarter.

 

Our operating profits declined 5.5% year-on-year to 37.6 billion pesos essentially on account of higher depreciation and amortization charges. Our net profits for the quarter were down 39.3% year-on-year to 10.1 billion pesos.

 

Our cash flow allowed us to cover capital expenditures in the amount of 82.0 billion pesos, fund 34 billion pesos in shareholder distributions and contribute 15.9 billion pesos to our pension funds. In addition to the above we were able to reduce our net debt by 30.7 billion pesos to 490.6 billion pesos at the end of September. It represented 1.63x EBITDA (last twelve months).

 

Note: Telekom Austria Group was consolidated in America Movil’s results from July 1st. All the financial and operational comparisons on this page are pro-forma to facilitate comparisons with prior quarters.

 

 

América Móvil Fundamentals (IFRS)

 

 

 

 

 

3Q14

3Q13

Var. %

EPS (Mex$)(1)

0.15

0.23

-37.0%

Earning per ADR (US$)(2)

0.22

0.36

-37.9%

Net Income (millions of Mex$)

10,120

16,682

-39.3%

Average Shares Outstanding (billion) (3)

69.10

71.72

-3.7%

Average ADRs Outstanding (millions) (4)

459

531

-13.5%

(1) Net Income / Average Shares outstanding
(2) 20 shares per ADR
(3) All figures in the table reflect retroactively the 2:1 split that became effective on June 29th, 2011
(4) As per Bank of NY Mellon

 

 

 


 
 

 

 

Relevant Events

 

On September 30th Claro Brazil was granted the use of 20MHz of spectrum nationwide in the 700MHz frequency for a 15-year period through a public auction process. The spectrum will be used in conjunction with our 4G-LTE network.

 

On October 16th the extended tender offer of América Móvil for shares of Telekom Austria—the extension being a legal requirement in the country so that the offer period can reach 90 days—expired. A total of 38,436,668 shares—8.68% of the company—were tendered, bringing the ownership interest of America Movil in Telekom Austria to 59.70%. America Movil is consolidating Telekom Austria in its financial statements from July 1st.

 

América Móvil’s Subsidiaries as of September 2014

 

 

 

 

 

Country

Brand

Business

Equity Participation

Consolidation Method

Mexico

Telcel

wireless

100.0%

Global Consolidation Method

 

Telmex

wireline

97.8%

Global Consolidation Method

 

Sección Amarilla (1)

other

97.8%

Global Consolidation Method

 

Telvista

other

89.0% (2)

Global Consolidation Method

Argentina

Claro

wireless

100.0%

Global Consolidation Method

 

Telmex

wireline

99.6%

Global Consolidation Method

Brazil

Claro

wireless

100.0%

Global Consolidation Method

 

Embratel(1)

wireline

95.8%

Global Consolidation Method

 

Net

Cable

92.5%

Global Consolidation Method

Chile

Claro

wireless

100.0%

Global Consolidation Method

 

Telmex(1)

wireline

100.0%

Global Consolidation Method

Colombia

Claro

wireless

99.4%

Global Consolidation Method

 

Telmex

wireline

99.3%

Global Consolidation Method

Costa Rica

Claro

wireless

100.0%

Global Consolidation Method

Dominicana

Claro

wireless/wireline

100.0%

Global Consolidation Method

Ecuador

Claro

wireless

100.0%

Global Consolidation Method

 

Telmex(1)

wireline

97.8%

Global Consolidation Method

El Salvador

Claro

wireless/wireline

95.8%

Global Consolidation Method

Guatemala

Claro

wireless/wireline

99.3%

Global Consolidation Method

Honduras

Claro

wireless/wireline

100.0%

Global Consolidation Method

Nicaragua

Claro

wireless/wireline

99.6%

Global Consolidation Method

Panama

Claro

wireless

100.0%

Global Consolidation Method

Paraguay

Claro

wireless

100.0%

Global Consolidation Method

Peru

Claro

wireless / wireline

100.0%

Global Consolidation Method

Puerto Rico

Claro

wireless/wireline

100.0%

Global Consolidation Method

Uruguay

Claro

wireless/ wireline

100.0%

Global Consolidation Method

USA

Tracfone

wireless

98.2%

Global Consolidation Method

Netherlands

KPN

wireless/wireline

21.4%

Equity Method

Austria

Telekom Austria

wireless/wireline

51.0%

Global Consolidation Method

(1) Equity Participation of Telmex Internacional of which América Móvil owns 97.77%

 

(2) AMX owns directly 45%and 45% through its subsidiary Telmex

 

 

 

 


 
 

 

 

Total Accesses

 

We had 364.4 million accesses by the end of September—9.3% more than a year before— mostly on account of the consolidation of 24.3 million accesses of Telekom Austria. On a pro-forma basis our access base increased 1.8% over the prior year. Altogether we had 286.8 million wireless subscribers, 34.0 million landlines, 22.2 million broadband accesses and 21.4 million PayTV units.

 

Our largest operation is in Brazil with 105.2 million accesses as of September, 5.9% more than a year before.

 

 

Wireless Subscribers

 

We finished September with 286.8 million clients, after incorporating 19.9 million clients of Telekom Austria. Our wireless base grew 0.5% pro-forma after net disconnections of 1.8 million subscribers in Mexico, Chile and the Central America-Caribbean block. However, our postpaid base increased 5.6% year-over-year, having added 709 thousand new contract subscribers including 409 thousand in Brazil and 128 thousand in Mexico.

 

Brazil accounts now for 24.3% of our client base almost the same as Mexico, with Colombia contributing 10% of our subs followed by TracFone in the US with 9%. Altogether, our operations in the Argentinean block represent 7.7%, while those in Europe account for 6.9% and the ones in the Central America-Caribbean block, 6.7%.

 

Wireless Subscribers as of September 2014

 

 

 

 

 

 

 

 

 

 

 

Total(1) (Thousands)

Country

Sep'14

Jun'14

Var.%

Sep'13

Var.%

Mexico

70,474

71,282

-1.1%

72,464

-2.7%

Brazil

69,636

68,776

1.3%

67,432

3.3%

Chile

5,677

5,781

-1.8%

5,940

-4.4%

Argentina, Paraguay and Uruguay

22,004

21,903

0.5%

21,949

0.3%

Colombia

29,291

29,109

0.6%

28,364

3.3%

Ecuador

12,280

12,226

0.4%

11,887

3.3%

Peru

12,338

12,086

2.1%

11,495

7.3%

Central America* and Caribbean

19,327

20,034

-3.5%

22,530

-14.2%

USA

25,904

25,519

1.5%

23,043

12.4%

Austria & CEE

19,903

19,878

0.2%

20,187

-1.4%

Total Wireless Lines

286,834

286,593

0.1%

285,291

0.5%

(1)Includes total subscribers of all companies in which América Móvil holds an economic interest; does not consider the date in which the companies started being consolidated. *Central America includes Panama and Costa Rica in every table.

 


 
 

 

Fixed Revenue Generating Units

 

 

Our fixed-RGUs reached 77.6 million at the end of September. This figure includes 4.4 million RGUs of Telekom Austria and 1.4 million new accesses obtained in the quarter, of which 570 thousand correspond to PayTV units, 439 thousand to broadband accesses and 348 thousand to landlines. In Latin America fixed RGUs were up 7.2% over the prior year with PayTV accesses rising 12.5%.

 

 

Almost 46% of our fixed-RGUs are in Brazil. They rose 11.6% over the prior year to 35.6 million accesses at the end of September, driven by PayTV and broadband accesses that expanded at rate of around 13%. Our operations in Mexico represent 28.7% of our total RGUs. Our broadband base increased 3.2%.

 

Central America and the Caribbean contribute almost 9% of our fixed clients, Colombia 7%, and Austria & CEE 5.5%.

 

Fixed-Line and Other Accesses (RGUs) as of September 2014

 

 

 

 

 

 

 

 

 

 

 

Total (Thousands)

Country

Sep'14

Jun'14

Var.%

Sep'13

Var.%

Mexico

22,242

22,257

-0.1%

22,419

-0.8%

Brazil

35,564

34,503

3.1%

31,876

11.6%

Colombia

5,188

5,050

2.7%

4,619

12.3%

Ecuador

336

333

1.0%

295

13.9%

Peru

1,199

1,148

4.5%

981

22.2%

Argentina, Paraguay and Uruguay

593

583

1.8%

525

13.0%

Chile

1,236

1,222

1.2%

1,146

7.9%

Central America and Caribbean

6,844

6,749

1.4%

6,407

6.8%

Austria & CEE

4,369

4,362

0.2%

4,335

0.8%

Total RGUs

77,572

76,206

1.8%

72,602

6.8%

 

 

América Móvil Consolidated Results

 

In the third quarter the U.S. and Mexican economies continued to gain momentum but a number of countries in the world, including in Europe and in Latin America, experienced bouts of renewed economic weakness, giving rise to important currency realignments and continued reductions in long term interest rates.

 

Our third quarter revenues totaled 221 billion pesos, 13.7% more than in the year-earlier quarter, reflecting among other things the consolidation in our financial results of Telekom Austria from July 1st. The year-to-year comparison results in a 4.0% revenue increase in peso terms if the 2013 results are adjusted pro-forma.

 

At constant exchange rates, our consolidated service revenues increased 4.7% in the quarter (pro-forma). They were led by mobile data services—that have maintained a stable rate of growth of around 15% over the last several quarters—and by PayTV revenues, which have observed high, albeit declining rates of growth (15.2% in the quarter).

 

The trends show the continued acceleration of fixed-data revenues—to 11.5% in the quarter from 9.3% in the fourth quarter of 2013—and gradual recovery of fixed-voice revenues, with mobile-voice revenues maintaining their decline mostly on account of regulatory measures introduced in Mexico.

 


 
 

 

 

America Movil's Income Statement (IFRS) Pro-forma *

Millions of Mexican pesos

 

 

 

 

 

 

 

3Q14

3Q13

Var.%

Jan -

Jan -

Var.%

 

Sep 14

Sep 13

Service Revenues

198,641

191,379

3.8%

588,234

572,799

2.7%

Equipment Revenues

22,243

20,940

6.2%

66,294

62,413

6.2%

Total Revenues

220,884

212,319

4.0%

654,528

635,212

3.0%

 

 

 

 

 

 

 

Cost of Service

67,674

63,666

6.3%

197,746

191,923

3.0%

Cost of Equipment

29,901

30,614

-2.3%

94,195

91,536

2.9%

Selling, General & Administrative Expenses

48,247

46,618

3.5%

141,025

136,333

3.4%

Others

5,873

2,489

136.0%

10,015

6,713

49.2%

Total Costs and Expenses

151,695

143,388

5.8%

442,982

426,505

3.9%

 

 

 

 

 

 

 

EBITDA

69,189

68,931

0.4%

211,546

208,707

1.4%

% of Total Revenues

31.3%

32.5%

 

32.3%

32.9%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

31,551

29,099

8.4%

92,834

85,947

8.0%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EBIT

37,638

39,832

-5.5%

118,712

122,760

-3.3%

% of Total Revenues

17.0%

18.8%

 

18.1%

19.3%

 

 

 

 

 

 

 

 

Net Interest Expense

7,096

7,315

-3.0%

20,993

19,483

7.8%

Other Financial Expenses

-5,766

1,369

n.m.

7,179

3,668

95.7%

Foreign Exchange Loss

8,970

3,026

196.4%

5,771

9,453

-38.9%

Comprehensive Financing Cost (Income)

10,300

11,710

-12.0%

33,943

32,604

4.1%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income & Deferred Taxes

14,101

9,994

41.1%

37,382

29,731

25.7%

Net Income before Minority Interest and Equity

13,237

18,128

-27.0%

47,387

60,425

-21.6%

Participation in Results of Affiliates minus

 

 

 

 

 

 

Equity Participation in Results of Affiliates**

-2,033

- 767

-165.1%

-1,844

163

n.m.

Minority Interest

-1,084

-678

-59.8%

-1,973

-1,657

-19.0%

Net Income

10,120

16,682

-39.3%

43,570

58,931

-26.1%

*   All periods include Telekom Austria Group results pro-forma

**   Includes KPN

n.m. Not meaningful

 

 


 
 

 

 

 

At 69.2 billion pesos, third quarter EBITDA was roughly flat relative to the prior year—0.4% in Mexican peso terms after the consolidation of Telekom Austria—as the EBITDA margin came down by 1.2 percentage points to 31.3%. At constant exchange rates, EBITDA rose 6.3%, substantially more than the 4.6% that would have been posted the prior quarter had TKA been already incorporated in our financial results.

 

Our operating profits declined 5.5% year-on-year to 37.6 billion pesos essentially on account of higher depreciation and amortization charges. We registered a comprehensive financing cost of 10.5 billion pesos that was 12.0% smaller than that of the year-earlier quarter.

 

Our net profit for the quarter totaled 10.1 billion pesos. The reduction in our net profit relative to that of the year before—it fell by 39.3% year-on-year—essentially had to do with a similar increase in the income and deferred taxes line item.

 

Balance Sheet (in accordance with IFRS)

América Móvil Consolidated

Millions of Mexican Pesos

 

 

 

 

 

 

 

Sep '14

Dec '13

Var.%

 

Sep '14

Dec '13

Var.%

 

 

 

 

 

 

 

 

 

 

Current Assets

 

 

 

Current Liabilities

 

 

Cash & Securities

95,717

51,959

84.2%

Short Term Debt**

51,097

28,296

80.6%

Accounts Receivable

145,421

151,052

-3.7%

Accounts Payable

212,588

213,117

-0.2%

Other Current Assets

20,853

16,609

25.6%

Other Current Liabilities

68,272

56,382

21.1%

Inventories

34,123

38,081

-10.4%

 

331,957

297,795

11.5%

 

296,114

257,702

14.9%

 

 

 

 

 

 

 

 

 

 

 

 

Non Current Assets

 

 

 

 

 

 

 

Plant & Equipment

565,354

582,897

-3.0%

 

 

 

 

Investments in Affiliates

48,166

71,421

-32.6%

Non Current Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long Term Debt

535,722

542,273

-1.2%

Deferred Assets

 

 

 

Other Liabilities

105,297

106,808

-1.4%

Goodwill (Net)

110,568

109,810

0.7%

 

641,020

649,082

-1.2%

Intangible Assets

74,983

84,516

-11.3%

 

 

 

 

Deferred Assets

85,498

73,329

16.6%

Shareholder's Equity

207,706

232,799

-10.8%

 

 

 

 

 

 

 

 

Total Assets

1,180,682

1,179,676

0.1%

Total Liabilities and Equity

1,180,682

1,179,676

0.1%

*  Results include Telekom Austria Pro-forma.

** Includes current portion of Long Term Debt.

 

Our cash flow allowed us to cover capital expenditures in the amount of 82.0 billion pesos, fund 34 billion pesos in shareholder distributions and contribute 15.9 billion pesos to our pension funds. In addition to the above we were able to reduce our net debt by 30.7 billion pesos to 490.6 billion pesos at the end of September. It represented 1.63x EBITDA (last twelve months).

 


 
 

 

 

Financial Debt of América Móvil*

 

 

 

Millions of U.S. Dollars equivalent

 

 

 

Dec-13

Sep-14

Peso - denominated debt

5,914

6,990

Bonds and other securities

5,914

6,967

Banks and others

0

23

U.S. Dollar - denominated debt

16,381

16,044

Bonds and other securities

15,848

15,732

Banks and others

534

312

Debt denominated in other currencies

15,201

20,582

Bonds and other securities

14,942

19,256

Banks and others

259

1,327

Total Debt

37,496

43,616

*This chart does not include the effect of forwards and derivatives used to hedge the foreign exchange exposure.

 

 

 

Mexico

 

We ended the third quarter with 70.5 million wireless subscribers and 22.2 million fixed-line RGUs. On the mobile front we continued to see solid growth on the postpaid platform, which increased 4.3% since the beginning of the year to 9.8 million subscribers, while on the fixed-line segment broadband accesses expanded 2.5% in the same period and landlines declined by 92 thousand.

 

Third quarter revenues totaling 67.7 billion pesos were slightly down relative to the year-earlier quarter, -0.8%, with wire-line revenues climbing 1.9% to 26.6 billion pesos and wireless service revenues falling 5.5% to 34.3 billion pesos. The latter decline was driven by the introduction, beginning on August 13th, of a zero interconnection rate for Telcel as stipulated in the secondary laws approved at the beginning of July, as it is deemed to be a preponderant agent. 

 

Data revenues have maintained strong growth rates on both the fixed and the mobile platforms, including accelerating ones on the latter one. Voice revenues, particularly mobile ones, have presented a declining trend throughout 2014 mostly on account of the regulatory measures introduced in the period including the elimination of national roaming charges and first the reduction, and then elimination, of termination rates for incoming traffic from other operators.

 

EBITDA was up 1.2% year-on-year to 30.3 billion pesos on an EBITDA margin expansion of nearly one percentage point; it came in at 44.8% of revenues. The increase in EBITDA was made possible by the reduction of costs and expenses we implemented.

 

INCOME STATEMENT (IFRS)

Mexico

Millions of MxP

 

 

 

 

 

 

3Q14

3Q13

Var.%

Jan -

Jan -

Var.%

 

Sep 14

Sep 13

Total Revenues

67,658

68,181

-0.8%

205,200

204,023

0.6%

Wireless Revenues

42,960

44,046

-2.5%

132,181

131,972

0.2%

Service Revenues

34,279

36,285

-5.5%

105,017

108,174

-2.9%

Equipment Revenues

7,472

7,727

-3.3%

23,183

23,544

-1.5%

 

 

 

 

 

 

 

Fixed Line and Other Revenues

26,579

26,082

1.9%

79,090

78,038

1.3%

 

 

 

 

 

 

 

EBITDA

30,325

29,951

1.2%

90,819

91,236

-0.5%

% total revenues

44.8%

43.9%

 

44.3%

44.7%

 

 

 

 

 

 

 

 

EBIT

23,982

23,717

1.1%

71,977

72,473

-0.7%

%

35.4%

34.8%

 

35.1%

35.5%

 

*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.

 

 


 
 

 

Mexico Operating Data (IFRS)

 

 

 

 

 

3Q14

3Q13

Var.%

Wireless Subscribers (thousands)

70,474

72,464

-2.7%

Postpaid

9,795

9,195

6.5%

Prepaid

60,679

63,270

-4.1%

MOU

265

269

-1.4%

ARPU (MxP)

166

167

-0.6%

Churn (%)

4.2%

3.7%

0.5

Revenue Generating Units (RGUs)*

22,242

22,419

-0.8%

* Fixed Line and Broadband

 

 

 

 

 

Argentina, Paraguay and Uruguay

 

Altogether, our operations in Argentina, Paraguay and Uruguay finished September with 22 million wireless subscribers after net additions of 101 thousand clients. In addition, we had 593 thousand RGUs on our fixed platform, 13.0% more than a year before.

 

Our third quarter revenues, 6.4 billion Argentinean pesos, were 42.3% greater than a year before, reflecting among other things the inflationary pressures registered throughout the year. Wireless service revenues were up 28.1%—buoyed by data revenues that expanded 42.7% in the period—while equipment revenues nearly doubled as compared to those of 2013. Fixed line revenues for the quarter reached 418 million Argentinean pesos, exceeding by 39.9% those obtained a year ago.

 

EBITDA for the quarter was up 49.4% year-on-year and topped two billion Argentinean pesos as the EBITDA margin climbed 1.6 percentage points to reach 32.8% of revenues.

 

INCOME STATEMENT (IFRS)

Argentina, Paraguay & Uruguay

Millions of ARP

 

 

 

 

 

 

 

3Q14

3Q13

Var.%

Jan -

Jan -

Var.%

 

Sep 14

Sep 13

Total Revenues

6,409

4,504

42.3%

17,380

12,659

37.3%

Wireless Revenues

6,024

4,256

41.5%

16,295

11,942

36.5%

Service Revenues

4,395

3,432

28.1%

12,244

9,941

23.2%

Equipment Revenues

1,610

833

93.3%

4,026

1,996

101.7%

 

 

 

 

 

 

 

Fixed Line and Other Revenues

418

299

39.9%

1,195

820

45.8%

 

 

 

 

 

 

 

EBITDA

2,099

1,405

49.4%

5,634

4,129

36.5%

% total revenues

32.8%

31.2%

 

32.4%

32.6%

 

 

 

 

 

 

 

 

EBIT

1,757

1,113

57.9%

4,658

3,336

39.6%

%

27.4%

24.7%

 

26.8%

26.4%

 

*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.

 


 
 

 

 

Argentina, Uruguay & Paraguay Operating Data (IFRS)

 

 

 

 

 

3Q14

3Q13

Var.%

Wireless Subscribers (thousands)

22,004

21,949

0.3%

Postpaid

2,838

2,959

-4.1%

Prepaid

19,167

18,990

0.9%

MOU

139

148

-6.2%

ARPU (ARP)

67

53

26.3%

Churn (%)

2.2%

1.9%

0.2

Revenue Generating Units (RGUs)

593

525

13.0%

* Fixed Line, Broadband and Pay TV

 

 

 

 

 

Brazil

 

We finished September with a total of 105.2 million accesses in Brazil, 5.9% more than a year before. Our wireless subscriber base reached 69.6 million—up 3.3% year-on-year—having added 860 thousand new clients in the quarter. Postpaid net additions were 409 thousand, almost 150% more than in the year-earlier quarter, leading to an increase of our contract base of 9.7%. Fixed RGUs reached 35.6 million, 11.6% more than a year before, as we added 510 thousand PayTV units, 315 thousand landlines and 237 thousand broadband accesses in the quarter.

 

Revenues were up 6.5% in the third quarter to 8.9 billion reais on the back of an 11.1% increase in fixed-line revenues. These, which account for two thirds of the total, were led by PayTV revenues that expanded 15.2%, followed closely by broadband revenues, up 13.2% year-on-year. Mobile data revenues were the fastest growing business segment, climbing 21.9% from the prior year. Altogether, service revenues rose 7.4% in the quarter.

 

At 2.2 billion reais, third quarter EBITDA was up 17.5% from the year-earlier quarter, with the EBITDA margin, 24.6%, surpassing that of the year before by 2.3 percentage points. For the fourth consecutive quarter we had important improvements in EBITDA stemming from sustained reductions in maintenance costs and leased lines, as well as a reduction of spillover costs from capex into opex as investment projects are concluded.

On September 30th Claro Brazil was granted the use of 20MHz of spectrum nationwide in the 700MHz frequency for a 15-year period at a cost of 1,947 million reais. The spectrum will be used in conjunction with our 4G-LTE network.

 

On July 31st we received the necessary approvals from Anatel to fully merge all three companies in Brazil. This will allow us to operate as one single entity before year-end.

 

INCOME STATEMENT (IFRS)

Brazil

Millions of BrL

 

 

 

 

 

 

 

3Q14

3Q13

Var.%

Jan -

Jan -

Var.%

 

Sep 14

Sep 13

Total Revenues

8,915

8,368

6.5%

26,318

24,403

7.8%

Wireless Revenues

3,333

3,278

1.7%

10,069

9,636

4.5%

Service Revenues

3,057

2,957

3.4%

9,104

8,832

3.1%

Equipment Revenues

278

320

-13.2%

955

797

19.8%

 

 

 

 

 

 

 

Fixed Line and Other Revenues

5,986

5,391

11.1%

17,433

15,690

11.1%

 

 

 

 

 

 

 

EBITDA

2,189

1,862

17.5%

6,687

5,699

17.3%

% total revenues

24.6%

22.3%

 

25.4%

23.4%

 

 

 

 

 

 

 

 

EBIT

325

159

103.7%

1,287

1,021

26.0%

%

3.6%

1.9%

 

4.9%

4.2%

 

*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.

 

 


 
 

 

Brazil Operating Data (IFRS)

 

 

 

 

 

 

 

 

 

3Q14

3Q13

Var.%

Wireless Subscribers (thousands)

69,636

67,432

3.3%

Postpaid

15,221

13,871

9.7%

Prepaid

54,415

53,561

1.6%

MOU

122

133

-8.7%

ARPU (BrL)

15

15

0.0%

Churn (%)

3.3%

3.1%

0.2

Revenue Generating Units (RGUs)*

35,564

31,876

11.6%

* Fixed Line, Broadband and Pay TV

 

 

 

 

Chile

 

We disconnected 104 thousand wireless prepaid subscribers in the period that were not generating traffic to finish September with 5.7 million wireless clients. Yet, on the postpaid platform we registered a 7.2% increase. Fixed RGUs of 1.2 million were up 7.9%.

 

Our revenues totaled 185.4 billion Chilean pesos in the quarter, down 5.8% from the year-earlier quarter. Wireless service revenues dropped 12.2% as voice revenues contracted 24.4% due to lower mobile termination rates and other regulatory measures implemented earlier in 2014. Data revenues increased 23.1% over the year as smartphones become more prevalent. Fixed-line revenues were up 7.6% driven by broadband and wire-line corporate services, which expanded 15.6% in annual terms.

EBITDA of 14.7 billion Chilean pesos increased 35.9% year-on-year and was equivalent to 7.9% of revenues.

 

INCOME STATEMENT (IFRS)

Chile

Millions of ChPL

 

3Q14

3Q13

Var.%

Jan -

Jan -

Var.%

 

Sep 14

Sep 13

Total Revenues

185,430

196,913

-5.8%

543,902

576,148

-5.6%

Wireless Revenues

126,952

141,408

-10.2%

369,675

417,254

-11.4%

Service Revenues

101,761

115,939

-12.2%

306,297

340,702

-10.1%

Equipment Revenues

25,284

25,483

-0.8%

63,708

76,532

-16.8%

 

 

 

 

 

 

 

Fixed Line and Other Revenues

62,418

58,001

7.6%

182,254

166,416

9.5%

 

 

 

 

 

 

 

EBITDA

14,701

10,814

35.9%

39,489

26,272

50.3%

% total revenues

7.9%

5.5%

 

7.3%

4.6%

 

 

 

 

 

 

 

 

EBIT

-30,380

-35,776

15.1%

-99,447

-107,947

7.9%

%

-16.4%

-18.2%

 

-18.3%

-18.7%

 

*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.

 

 


 
 

 

Chile Operating Data (IFRS)

 

 

 

 

 

3Q14

3Q13

Var.%

Wireless Subscribers (thousands)

5,677

5,940

-4.4%

Postpaid

1,353

1,263

7.2%

Prepaid

4,323

4,677

-7.6%

MOU

171

204

-16.0%

ARPU (ChP)

4,899

6,339

-22.7%

Churn (%)

5.6%

5.4%

0.2

Revenue Generating Units (RGUs)*

1,236

1,146

7.9%

* Fixed Line, Broadband and Television

 

 

 

 

 

Colombia

 

We had 29.3 million wireless subscribers at the end of September, 3.3% more than in the prior year, having gained 182 thousand new clients in the quarter. Fixed RGUs showed an annual increase of 12.3% to reach 5.2 million; broadband accesses rose 19.0% while voice lines climbed 16.9%.

 

Revenues of 2.8 trillion Colombian pesos were 1.9% higher than in the year-earlier quarter, with service revenues declining 3.3% and equipment revenues rising 18.8%. Voice revenues dropped 6.4% on the wireless platform while data revenues increased 5.3%. Fixed line revenues of 596 billion Colombian pesos were up 10.8% in annual terms, with PayTV revenues expanding 14.8% and fixed data revenues rising 14.3%.

 

Third quarter EBITDA of 1.1 trillion Colombian pesos was down 8.4% from the prior year. The EBITDA margin for the period stood at 39.9% of revenues.

 

INCOME STATEMENT (IFRS)

Colombia

Billions of COP

 

3Q14

3Q13

Var.%

Jan -

Jan -

Var.%

 

Sep 14

Sep 13

Total Revenues

2,763

2,713

1.9%

8,341

7,958

4.8%

Wireless Revenues

2,171

2,166

0.2%

6,603

6,378

3.5%

Service Revenues

1,763

1,824

-3.3%

5,361

5,453

-1.7%

Equipment Revenues

398

335

18.8%

1,217

899

35.3%

 

 

 

 

 

 

 

Fixed Line and Other Revenues

596

537

10.8%

1,739

1,548

12.4%

 

 

 

 

 

 

 

EBITDA

1,103

1,204

-8.4%

3,367

3,602

-6.5%

% total revenues

39.9%

44.4%

 

40.4%

45.3%

 

 

 

 

 

 

 

 

EBIT

746

867

-13.9%

2,304

2,607

-11.6%

%

27.0%

32.0%

 

27.6%

32.8%

 

*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.

 


 
 

 

Colombia Operating Data (IFRS)

 

 

 

 

 

3Q14

3Q13

Var.%

Wireless Subscribers (thousands)

29,291

28,364

3.3%

Postpaid

5,815

5,601

3.8%

Prepaid**

23,475

22,763

3.1%

MOU

224

220

1.8%

ARPU (CoP)

20,038

21,576

-7.1%

Churn (%)

3.8%

3.2%

0.6

Revenue Generating Units (RGUs)**

5,188

4,619

12.3%

* Due to differences in the policy for accounting active subscribers, the figures in this report are different from those published by the Ministry of Communications of Colombia (MinTIC).** Fixed Line, Broadband and Television

** Fixed Line, Broadband and Television.

 

Ecuador

 

We had 12.3 million wireless subscribers by the end of September, 3.3% more than a year before, after net addition of 54 thousand. Our postpaid subscriber base grew twice as fast as the prepaid one at 7.1%. On the fixed-line platform we had 336 thousand fixed RGUs, 13.9% more than the prior year.

 

The quarter’s revenues reached 429 million dollars, with wireless service revenues increasing 2.2% annually on the back of data revenues that expanded 9.2%. However, equipment revenues dropped 24.8% in a year-over-year basis. Albeit from a small base, fixed-line revenues grew 9.9% over the year to 16 million dollars.

 

The quarter’s EBITDA, up 12.4% year-on-year, reached 203 million dollars and was equivalent to 47.2% of revenues.

 

We continue to invest in the development of a faster and more comprehensive mobile network. This process have allowed us to expand significantly the provision of internet services throughout the country and particularly in rural areas. This is a very important effort that will enable the country to improve its businesses and advance in the development of better health and education services.

 

INCOME STATEMENT (IFRS)

Ecuador

Millions of Dollars

 

3Q14

3Q13

Var.%

Jan -

Jan -

Var.%

 

Sep 14

Sep 13

Total Revenues

429

436

-1.5%

1,289

1,280

0.7%

Wireless Revenues

416

424

-1.8%

1,249

1,244

0.4%

Service Revenues

369

362

2.2%

1,101

1,059

3.9%

Equipment Revenues

47

62

-24.8%

149

184

-19.4%

 

 

 

 

 

 

 

Fixed Line and Other Revenues

16

15

9.9%

47

42

11.6%

 

 

 

 

 

 

 

EBITDA

203

180

12.4%

594

569

4.3%

% total revenues

47.2%

41.4%

 

46.1%

44.4%

 

 

 

 

 

 

 

 

EBIT

154

133

15.7%

447

431

3.7%

%

35.9%

30.6%

 

34.7%

33.7%

 

*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.

 

 


 
 

 

Ecuador Operating Data (IFRS)

 

 

 

 

 

3Q14

3Q13

Var.%

Wireless Subscribers (thousands)

12,280

11,887

3.3%

Postpaid

2,418

2,258

7.1%

Prepaid

9,862

9,629

2.4%

MOU

144

156

-7.4%

ARPU (US$)

10

10

-2.4%

Churn (%)

2.6%

3.0%

(0.4)

Revenue Generating Units (RGUs)*

336

295

13.9%

* Fixed Line, Broadband and Television

 

 

 

 

 

Peru

 

We added 252 thousand new clients in the third quarter—half of them postpaid—to finish September with 12.3 million wireless subscribers, 7.3% more than a year before. On the fixed line platform we had 1.2 million fixed RGUs, which represent a 22.2% annual increase, driven by the growth of broadband accesses: 43.2%.

 

Revenues of 1.3 billion soles were 7.4% above the prior year’s. Wireless service revenues increased 3.6% on the back of data revenues that were up 15.8% year-over-year; they now represent 31.4% of service revenues. On the fixed platform, revenues increased 18.6% to 180 million soles.

 

Third quarter EBITDA of 483 million soles was 8.6% higher than the year before. The EBITDA margin stood at 36.3% of revenues.

 

We continue to expand our 4G-LTE platform; we now provide 4G services in 9 of the largest cities in Peru.

 

Fixed number portability was implemented in the third quarter; we are the leaders in terms of ported lines having gained 59% of the total ported lines during the period.

 

INCOME STATEMENT (IFRS)

Peru

Millions of Soles

 

3Q14

3Q13

Var.%

Jan -

Jan -

Var.%

 

Sep 14

Sep 13

Total Revenues

1,332

1,240

7.4%

3,887

3,558

9.2%

Wireless Revenues

1,152

1,086

6.1%

3,368

3,127

7.7%

Service Revenues

961

928

3.6%

2,853

2,687

6.2%

Equipment Revenues

183

154

18.8%

495

422

17.2%

 

 

 

 

 

 

 

Fixed Line and Other Revenues

180

152

18.6%

520

431

20.6%

 

 

 

 

 

 

 

EBITDA

483

445

8.6%

1,457

1,372

6.2%

% total revenues

36.3%

35.9%

 

37.5%

38.6%

 

 

 

 

 

 

 

 

EBIT

330

308

7.2%

1,005

960

4.7%

%

24.8%

24.8%

 

25.8%

27.0%

 

*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.

 

 


 
 

 

Peru Operating Data (IFRS)

 

 

 

 

 

3Q14

3Q13

Var.%

Wireless Subscribers (thousands)

12,338

11,495

7.3%

Postpaid

3,795

3,275

15.9%

Prepaid

8,543

8,220

3.9%

MOU

145

138

5.1%

ARPU (Sol)

26

27

-3.8%

Churn (%)

4.4%

3.9%

0.5

Revenue Generating Units (RGUs)*

1,199

981

22.2%

* Fixed Line, Broadband and Television

 

 

 

 

 

Central America and the Caribbean

 

Our wireless subscriber base ended September with 19.3 million wireless clients. Aiming to unify our churn policy across América Móvil, we disconnected 858 thousand wireless prepaid subscribers in Panamá, Costa Rica and the Caribbean Islands. However, in the postpaid segment, we registered an annual increase of 8.1% in our base. On the fixed platform we had 6.8 million RGUs, 6.8% more than in 2013.

 

We generated revenues of 988 million dollars in the quarter, 1.6% more than in the precedent year. Wireless service revenues increased 4.0% year-on-year with data revenues rising 6.1% and voice revenues growing 2.6% as MOUs climbed 15.1% in the period. Wire-line revenues increased 0.4%—after more than eight years of revenue contraction—mostly driven by the expansion of PayTV revenues.

 

Third quarter EBITDA of 343 million dollars was 4.4% higher than a year before. The EBITDA came in at 34.7% of revenues, 0.9 percentage points above the prior year.

 

 

INCOME STATEMENT (IFRS)

Central America and The Caribbean

Millions of Dollars

 

3Q14

3Q13

Var.%

Jan -

Jan -

Var.%

 

Sep 14

Sep 13

Total Revenues

988

973

1.6%

2,941

2,895

1.6%

Wireless Revenues

592

572

3.5%

1,761

1,702

3.4%

Service Revenues

549

528

4.0%

1,631

1,577

3.4%

Equipment Revenues

43

44

-2.8%

130

125

3.9%

 

 

 

 

 

 

 

Fixed Line and Other Revenues

398

396

0.4%

1,187

1,199

-1.0%

 

 

 

 

 

 

 

EBITDA

343

329

4.4%

995

968

2.8%

% total revenues

34.7%

33.8%

 

33.8%

33.5%

 

 

 

 

 

 

 

 

EBIT

85

64

32.3%

240

187

28.1%

%

8.6%

6.6%

 

8.2%

6.5%

 

*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.

 

 


 
 

 

Central America and the Caribbean Operating Data (IFRS)

 

 

 

 

 

3Q14

3Q13

Var.%

Wireless Subscribers (thousands)

19,327

22,530

-14.2%

Postpaid

3,352

3,102

8.1%

Prepaid

15,975

19,428

-17.8%

MOU

215

187

15.1%

ARPU (US$)

9

8

15.7%

Churn (%)

6.4%

3.8%

2.6

Revenue Generating Units (RGUs)*

6,844

6,407

6.8%

* Fixed Line, Broadband and Television

 

 

 

 

 

United States

 

We finished September with 25.9 million subscribers, 12.4% more than a year before, after adding 385 thousand subs in the third quarter. TracFone has strengthened its position as the fifth largest operator in the United States through both consistent organic growth and targeted acquisitions.

 

Third quarter revenues were up 15.5% year-on-year to 1.7 billion dollars, with service revenues rising 14.7%. Data revenue growth of 17.8% helped bring about a 2.6% increase in ARPU.

 

EBITDA came in at 157 million dollars representing a 9.1% margin relative to revenues. It declined 23.4% from the year-earlier quarter mostly on account of greater subscriber acquisition costs brought about by the surge in net subscriber additions.

 

INCOME STATEMENT (IFRS)

United States

Millions of Dollars

 

3Q14

3Q13

Var.%

Jan -

Jan -

Var.%

 

Sep 14

Sep 13

Total Revenues

1,726

1,494

15.5%

5,096

4,499

13.3%

Service Revenues

1,567

1366

14.7%

4,609

3,984

15.7%

Equipment Revenues

158

128

23.8%

487

515

-5.4%

 

 

 

 

 

 

 

EBITDA

157

205

-23.4%

583

429

36.0%

% total revenues

9.1%

13.7%

 

11.4%

9.5%

 

 

 

 

 

 

 

 

EBIT

149

196

-24.2%

558

401

39.0%

%

8.6%

13.1%

 

10.9%

8.9%

 

 

 

United States Operating Data (IFRS)

 

 

 

 

 

3Q14

3Q13

Var.%

Wireless Subscribers (thousands)

25,904

23,043

12.4%

MOU

540

520

4.0%

ARPU (US$)

20

20

2.6%

Churn (%)

4.0%

4.1%

(0.1)

 

 


 
 

 

Telekom Austria Group

 

Our subscriber base ended up with 19.9 million subscribers, decreasing 1.4% compared to the prior year.

 

Third quarter revenues were up 4.2% year-on-year to 1.1 billion euros, with equipment revenues increasing 25.3%.

 

Our EBITDA of 410 million euros increased 25.6% in the third quarter and now represents 37.2% of our total revenues, 6.3 percentage points above the prior year.

 

INCOME STATEMENT (IFRS)

Telekom Austria Group

Millions of Euros

 

3Q14

3Q13

Var.%

Jan -

Jan -

Var.%

 

Sep 14

Sep 13

Total Revenues

1,102

1,057

4.2%

3,079

3,185

-3.3%

Wireless Revenues

730

705

3.6%

2,062

2,103

-1.9%

Service Revenues

603

625

-3.5%

1,782

1,858

-4.1%

Equipment Revenues

89

71

25.3%

226

224

0.9%

 

 

 

 

 

 

 

Fixed Line and Other Revenues

371

352

5.5%

1,017

1,082

-6.0%

 

 

 

 

 

 

 

EBITDA

410

327

25.6%

1,013

990

2.3%

% total revenues

37.2%

30.9%

 

32.9%

31.1%

 

 

 

 

 

 

 

 

EBIT

201

118

70.5%

368

345

6.7%

%

18.3%

11.2%

 

12.0%

10.8%

 

 

 

Telekom Austria Group Operating Data (IFRS)

 

 

 

 

 

3Q14

3Q13

Var.%

Wireless Subscribers (thousands)

19,903

20,187

-1.4%

Postpaid

13,963

13,911

0.4%

Prepaid

5,940

6,276

-5.4%

MOU

300

293

2.3%

ARPU (US$)

10

11

-5.0%

Churn (%)

1.9%

1.9%

0.0 

Revenue Generating Units (RGUs)*

4,369

4,335

0.8%

* Fixed Line, Broadband and Television

 

 

 

 

 

 

Glossary of Terms

 

 

ARPU   Average Revenue per User. The ratio of service revenues in a given period to the average number of wireless subscribers in the same period. It is presented on a monthly basis.
 
ARPM   Average Revenue per Minute. The ratio of service revenues to airtime traffic.
 
Capex   Capital Expenditure. Accrued capital expenditures related to the expansion of the telecommunications infrastructure.
 
Churn   Disconnection Rate. The ratio of wireless subscribers disconnected during a given period to the number of wirelesssubscribers at the beginning of that period.
 

 


 
 

 

EBIT   Earnings Before Interest and Taxes, also known as Operating Profit.
 
EBIT margin   The ratio of EBIT to total operating revenue.
 
EBITDA   Earnings Before Interest, Taxes, Depreciation, and Amortization.
 
EBITDA margin   The ratio of EBITDA to total operating revenue.
 
EDGE   Enhanced Data rates for GSM Evolution. A technology that gives GSM the capacity to handle data services for the third generation mobile telephony.
 
EPS (Mexican pesos)   Earnings per share. Total earnings in Mexican pesos divided by total shares.
 
Earnings per ADR (US$)   Total earnings in U. S. dollars divided by total ADRs equivalent.
 
Equity subscribers   Subscribers weighted by the economic interest held in each company.
 
GSM   Global System for Mobile communications. It is the world s leading and fastest growing mobile standard.
 
GPRS   General Packet Radio Service. Enables GSM networks to offer higher capacity, Internet-based-content and packet-based data services. It is a second generation technology.
 
Gross additions   Total number of subscribers acquired during the period.
 
Licensed pops   Licensed population. Population covered by the licenses that each of the companies manage.
 
Market share   A company s subscriber base divided by the total number of subscribers in that country.
 
MOU   Minutes of Use per subscriber. The ratio of wireless traffic in a given period to the average number of wireless subscribers in that same period. It is presented on a monthly basis.
 
Net subscriber additions   The difference in the subscriber base from one period to another. It is the different between gross additions and disconnections.

 

Net debt   Total short and long term debt minus cash and marketable securities.
   
Net debt/ EBITDA   The ratio of total short and long term debt minus cash and securities to trailing 12-month income before interest, taxes,depreciation and amortization.
     
Prepaid   Subscriber that may purchase airtime to recharge a cellular phone. The client does not hold a contract with the company for voice and data services.
     
Postpaid   Subscriber that has a contract for the use of airtime. The client has no need of activating airtime, it is done so immediately.
     
Push-to-talk  Enables compatible mobile phones to function like two-way radios.
   
SMS   Short Message Service.
   
SAC  

Subscriber Acquisition Cost. The sum of handset subsidies, marketing expenses and commissions to distributors for handset activation. Handset subsidy is calculated as the difference between equipment cost and equipment revenues.

   
Wireless penetration The ratio of total wireless subscribers in any given country divided by the total population in that country.

 
 

 

Exchange Rates Local Currency Units per USD

 

 

 

 

 

 

 

 

3Q14

3Q13

Var.%

Jan - Sep 14

Jan - Sep 13

Var.%

 

Mexico

 

 

 

 

 

 

EoP

13.45

13.01

3.4%

13.45

13.01

3.4%

Average

13.10

12.92

1.4%

13.12

12.68

3.4%

Brazil

 

 

 

 

 

 

EoP

2.45

2.23

9.9%

2.45

2.23

9.9%

Average

2.28

2.29

-0.6%

2.29

2.12

8.1%

Argentina

 

 

 

 

 

 

EoP

8.43

5.79

45.5%

8.43

5.79

45.5%

Average

8.30

5.59

48.5%

7.99

5.28

51.3%

Chile

 

 

 

 

 

 

EoP

599

504

18.8%

599

504

18.8%

Average

577

507

13.8%

561

488

14.9%

Colombia

 

 

 

 

 

 

EoP

2,028

1,915

5.9%

2,028

1,915

5.9%

Average

1,910

1,908

0.1%

1,943

1,854

4.8%

Guatemala

 

 

 

 

 

 

EoP

7.67

7.93

-3.3%

7.67

7.93

-3.3%

Average

7.77

7.88

-1.5%

7.77

7.84

-0.9%

Honduras

 

 

 

 

 

 

EoP

21.39

20.69

3.4%

21.39

20.69

3.4%

Average

21.21

20.62

2.8%

21.00

20.43

2.8%

Nicaragua

 

 

 

 

 

 

EoP

26.27

25.02

5.0%

26.27

25.02

5.0%

Average

26.11

24.87

5.0%

25.80

24.57

5.0%

Costa Rica

 

 

 

 

 

 

EoP

546

506

7.9%

546

506

7.9%

Average

545

506

7.8%

545

505

7.9%

Peru

 

 

 

 

 

 

EoP

2.89

2.78

4.0%

2.89

2.78

4.0%

Average

2.82

2.79

1.3%

2.81

2.68

5.0%

Paraguay

 

 

 

 

 

 

EoP

4,474

4,439

0.8%

4,474

4,439

0.8%

Average

4,286

4,444

-3.5%

4,410

4,245

3.9%

Uruguay

 

 

 

 

 

 

EoP

24.70

22.06

12.0%

24.70

22.06

12.0%

Average

23.69

21.69

9.2%

22.94

20.15

13.8%

Dominican Republic

 

 

 

 

 

 

EoP

43.87

42.54

3.1%

43.87

42.54

3.1%

Average

43.68

42.43

2.9%

43.40

41.57

4.4%

 

 


 
 

 

Exchange Rates Local Currency units per Mexican Peso

 

 

 

 

 

 

 

 

3Q14

3Q13

Var.%

Jan - Sep 14

Jan - Sep 13

Var.%

 

USA

 

 

 

 

 

 

EoP

0.07

0.08

-3.3%

0.07

0.08

-3.3%

Average

0.08

0.08

-1.4%

0.08

0.08

-3.3%

Brazil

 

 

 

 

 

 

EoP

0.18

0.17

6.3%

0.18

0.17

6.3%

Average

0.17

0.18

-2.0%

0.17

0.17

4.5%

Argentina

 

 

 

 

 

 

EoP

0.63

0.45

40.7%

0.63

0.45

40.7%

Average

0.63

0.43

46.4%

0.61

0.42

46.3%

Chile

 

 

 

 

 

 

EoP

44.5

38.7

14.9%

44.5

38.7

14.9%

Average

44.0

39.2

12.2%

42.8

38.5

11.0%

Colombia

 

 

 

 

 

 

EoP

150.8

147.1

2.5%

150.8

147.1

2.5%

Average

145.7

147.7

-1.3%

148.1

146.2

1.3%

Guatemala

 

 

 

 

 

 

EoP

0.57

0.61

-6.5%

0.57

0.61

-6.5%

Average

0.59

0.61

-2.9%

0.59

0.62

-4.2%

Honduras

 

 

 

 

 

 

EoP

1.59

1.59

0.0%

1.59

1.59

0.0%

Average

1.62

1.60

1.4%

1.60

1.61

-0.6%

Nicaragua

 

 

 

 

 

 

EoP

1.95

1.92

1.5%

1.95

1.92

1.5%

Average

1.99

1.93

3.5%

1.97

1.94

1.5%

Costa Rica

 

 

 

 

 

 

EoP

40.55

38.85

4.4%

40.55

38.85

4.4%

Average

41.57

39.13

6.2%

41.57

39.86

4.3%

Peru

 

 

 

 

 

 

EoP

0.21

0.21

0.5%

0.21

0.21

0.5%

Average

0.22

0.22

-0.2%

0.21

0.21

1.5%

Paraguay

 

 

 

 

 

 

EoP

332.5

341.1

-2.5%

332.5

341.1

-2.5%

Average

327.1

344.0

-4.9%

336.3

334.8

0.4%

Uruguay

 

 

 

 

 

 

EoP

1.84

1.70

8.3%

1.84

1.70

8.3%

Average

1.81

1.68

7.6%

1.75

1.59

10.0%

Dominican

 

 

 

 

 

 

EoP

3.26

3.27

-0.3%

3.26

3.27

-0.3%

Average

3.33

3.28

1.5%

3.31

3.28

0.9%

 

For further information please visit our website at:

 

www.americamovil.com

 

Legal Disclaimer

 

América Móvil, S.A.B. de C.V. (the “Company”) quarterly reports and all other written materials may from time to time contain forward-looking statements that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. Forward looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance, or achievements, and may contain words like “believe”, “anticipate”, “expect”, “envisages”, “will likely result”, or any other words or phrases of similar meaning. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this report. In no event, neither the Company nor any of its subsidiaries, affiliates, directors, officers, agents or employees shall be liable before any third party (including investors) for any investment or business decision made or action taken in reliance on the information and statements contained in this document or for any consequential, special or similar damages.

 

 

SIGNATURE
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: October 28, 2014
 
 
AMÉRICA MÓVIL, S.A.B. DE C.V.
By: 
/S/  Carlos José García Moreno Elizondo

  Name:
Title:
Carlos José García Moreno Elizondo
Chief Financial Officer