EconomyFinancialLAST MINUTE: Postpaid plans with 5G boost América Móvil's...

LAST MINUTE: Postpaid plans with 5G boost América Móvil's revenues

América Móvil’s formula of betting on users with the highest income in its mobile segment is yielding results. In the third quarter of the year, Carlos Slim’s company reported mobile revenues of 41,042 million pesos, which implies an increase in its revenues of 9.7% compared to the same period last year, largely thanks to its postpaid plans of 5G .

América Móvil’s 5G mobile rentals have allowed it to raise the average income per user, that is, what a user spends on average on the telephone and internet services that they consume from their mobile device. In addition, it has allowed it to compensate for the drop in equipment sales. Between July and September of this year, the sale of telephones continued to decline for the company, which received 14,618 million pesos in this item, a drop of 11.2%.

Since February of this year, the telecommunications company began the development of 5G with 18 cities and at the end of the period it already had coverage of 64 cities . The fifth generation in networks is accompanied by rental plans that start at 599 pesos.

In addition, Telcel has started looking for its users to quickly transition to 5G and, to achieve this, it has started calling its postpaid customers to offer them a new chip that is compatible with the fifth generation of the network.

In the third quarter of the year, the sale of fifth-generation lines in networks also boosted the company’s total income, registering 76.2 billion pesos, an increase of 3.1% compared to the previous year.

Meanwhile, the operating flow (EBITDA, for its acronym in English) obtained an increase of 4.3% to report 31,250 million pesos, while its net profit rose 4.3% to obtain 23,165 million pesos.

The company totaled a user base of 81,808 million, an increase of 3.1%.

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