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What you need to know: This weblog captures key data points about the global telecoms industry. I use it as an electronic notebook to support my work for Pringle Media.

Wednesday, April 29, 2009

America Movil's Sales Up 15%

America Movil, one of Latin America's largest mobile operators, said first quarter revenues totaled 93.8 billion Mexican pesos (6.79 billion US dollars), up 15 year-on-year, boosted by currency movements, new customers and rising data revenues. Capital expenditure in the quarter was 10.6 billion pesos.

Revenues from mobile data services rose by 47% in the period, mostly on the back of rising usage of 3G services. America Movil estimated that mobile penetration has now reached 84% in Latin America. source: America Movil statement

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