América Móvil Boasts 310 Million Wireless Subscribers in 2023 Annual Report

América Móvil files its 2023 annual report, revealing 310 million wireless subscribers and 83.8 million fixed revenue generating units. The report highlights the company's growth and market dominance in Latin America and Europe.

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América Móvil Boasts 310 Million Wireless Subscribers in 2023 Annual Report

América Móvil Boasts 310 Million Wireless Subscribers in 2023 Annual Report

América Móvil, S.A.B. de C.V. (AMX) has files its annual report for the fiscal year ended December 31, 2023, revealing impressive subscriber numbers across its Latin American and European operations. The report, submitted to regulatory authorities in the United States and Mexico, highlights the telecommunications giant's continued growth and market dominance.

Why this matters: The significant growth of América Móvil's subscriber base has implications for the global telecommunications industry, as it solidifies the company's position as a major player in the market. This, in turn, could influence the development of digital infrastructure and connectivity services in emerging economies.

As of December 31, 2023, América Móvil boasted a staggering 310 million wireless subscribers and 83.8 million fixed revenue generating units across its Latin American and European markets. These figures underscore the company's successful expansion strategy and its ability to capitalize on the growing demand for connectivity services in emerging economies.

The annual report, available in both English and Spanish, can be accessed on the websites of the U.S. Securities and Exchange Commission (SEC), the Mexican National Banking and Securities Commission (CNBV), the Mexican Stock Exchange (BMV), and América Móvil's corporate website. Shareholders and interested parties can request a hard copy of the complete financial statements by contacting América Móvil's Investor Relations Office.

América Móvil, founded by Mexican billionaire Carlos Slim, has established itself as a leading telecommunications provider in Latin America since its inception in 2000. The company's portfolio includes mobile, fixed-line, and broadband services, as well as pay-TV offerings. Through strategic acquisitions and organic growth, América Móvil has expanded its presence to 25 countries, serving over 360 million access lines.

The 2023 annual report also contains forward-looking statements that reflect América Móvil's current expectations and projections about future events. However, the company cautions that these statements are subject to risks and uncertainties that could cause actual results to differ materially from the plans and intentions expressed.

With its strong market position and continued growth, América Móvil is poised to further solidify its role as a key player in the global telecommunications industry. As the company navigates the evolving landscape of digital connectivity, its 2023 annual report serves as a testament to its resilience and adaptability in the face of challenges.

Key Takeaways

  • América Móvil files 2023 annual report, revealing 310M wireless subscribers and 83.8M fixed revenue generating units.
  • The company solidifies its position as a major player in the global telecommunications industry.
  • América Móvil's growth has implications for digital infrastructure and connectivity services in emerging economies.
  • The report is available on the SEC, CNBV, BMV, and América Móvil's corporate website.
  • The company cautions that forward-looking statements are subject to risks and uncertainties.