Posts filed under ‘America Movil’
Uruguayan state-owned telecoms operator Antel has announced its mobile unit Ancel has reached 1.5 million subscribers. Ancel is closing the gap between itself and rival cellco America Movil-owned Claro Uruguay, which had 1.459 million wireless subscribers at 31 March 2009. Ancel launched a GSM-1800 network including GPRS in Montevideo April 2004, with an EDGE upgrade initiated in the following October. Ancel first trialled 3G services in September 2005, in partnership with Chinese vendor Huawei. 3.5G services were launched in July 2007 in Montevideo and a year later its 3G network was available nationwide. Ancel plans to invest USD81 million in 2009, mainly to expand its GSM and 3G coverage.
Mexican telecoms giant America Movil (AM) has announced a surprise 14.5% year-on-year rise in net profit for the three months ended 31 December 2008, to MXN16.3 billion (USD1.13 billion), spurred by record subscriber growth. Full-year net profit rose 14.9% to MXN60.1 billion. AM added 10.1 million subscribers over the three-month period, the most ever for the group in a single quarter, with the fall in value of the peso contributed to higher sales. Columbia, Brazil and Ecuador had the highest net subscriber additions, revealing 87%, 36% and 34% y-o-y increases respectively. The group reported a total of 182.7 million wireless customers worldwide at the end of the 2008, an increase of 29.3 million, or 19.1%, over the year.
Total revenue for the fourth quarter increased 11.6% year-on-year to MXN94.4 billion. Service revenue for the three-month period increased 14.7% to MXN80.4 billion, whilst revenue from data services contributed strongly to the growth, rising 37% year-on-year. Full-year revenue meanwhile increased 13.6% to MXN346 billion. Earnings before interest, tax, depreciation and amortisation (EBITDA) also rose, up 7.3% in the most recent quarter against 4Q 2007 at MXN34.9 billion, and up 11.8% for the twelve months ended 31 December 2008. CAPEX for 2008 reportedly exceeded MXN68 billion.