América Móvil reported a 3% year-on-year increase in service revenues for the fourth quarter of 2016, at constant exchange rates. That was approximately the same rate of growth as in the prior quarter, as the acceleration of service-revenue growth in Colombia, the U.S. and Argentina was offset by a slight deceleration in Brazil and Mexico "stemming from aggressive holiday promotions that included large allotments of data and airtime." Total revenues for the quarter were 262 billion Mexican pesos (13.52 billion US dollars).
América Móvil said its fixed-broadband business in Brazil posted 15.3% revenue growth. claiming that it captured almost 62% of new connections in the "ultra-broadband market." Source: América Móvil statement.
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