AMERICA MOVIL SAB DE CV/ Files Amended 20-F Report

Ticker: AMXOF · Form: 20-F/A · Filed: May 1, 2024 · CIK: 1129137

Sentiment: neutral

Topics: AMERICA MOVIL, 20-F Filing, Discontinued Operations, Telecommunications Towers, Financial Report

TL;DR

<b>AMERICA MOVIL SAB DE CV/ filed an amended 20-F report detailing 2023 financial activities, including significant asset disposals and discontinued operations.</b>

AI Summary

AMERICA MOVIL SAB DE CV/ (AMXOF) filed a Amended Foreign Annual Report (20-F/A) with the SEC on May 1, 2024. Filing is an amended 20-F report for the fiscal year ending December 31, 2023. Includes details on discontinued operations in Panama and the ClaroVTR joint venture. Mentions disposals related to the sale of telecommunications towers in Peru and the Dominican Republic to Sitios Latam. Notes a hyperinflation adjustment for Argentinean subsidiaries totaling Ps. (5,956,256). References dividend receipts of Ps. 2,628,600 (2021), Ps. 5,426,370 (2022), and Ps. 4,590,313 (2023).

Why It Matters

For investors and stakeholders tracking AMERICA MOVIL SAB DE CV/, this filing contains several important signals. The amended filing provides updated information on the company's financial performance and strategic divestitures throughout 2023. Specific details on tower sales and discontinued operations offer insight into the company's evolving business structure and asset management.

Risk Assessment

Risk Level: medium — AMERICA MOVIL SAB DE CV/ shows moderate risk based on this filing. The filing is an amendment, suggesting potential prior omissions or necessary corrections, which could indicate underlying complexities or issues that require further clarification.

Analyst Insight

Review the specific details of discontinued operations and asset disposals to understand their impact on future revenue and profitability.

Key Numbers

Key Players & Entities

FAQ

When did AMERICA MOVIL SAB DE CV/ file this 20-F/A?

AMERICA MOVIL SAB DE CV/ filed this Amended Foreign Annual Report (20-F/A) with the SEC on May 1, 2024.

What is a 20-F/A filing?

A 20-F/A is a amendment to a foreign private issuer annual report. This particular 20-F/A was filed by AMERICA MOVIL SAB DE CV/ (AMXOF).

Where can I read the original 20-F/A filing from AMERICA MOVIL SAB DE CV/?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by AMERICA MOVIL SAB DE CV/.

What are the key takeaways from AMERICA MOVIL SAB DE CV/'s 20-F/A?

AMERICA MOVIL SAB DE CV/ filed this 20-F/A on May 1, 2024. Key takeaways: Filing is an amended 20-F report for the fiscal year ending December 31, 2023.. Includes details on discontinued operations in Panama and the ClaroVTR joint venture.. Mentions disposals related to the sale of telecommunications towers in Peru and the Dominican Republic to Sitios Latam..

Is AMERICA MOVIL SAB DE CV/ a risky investment based on this filing?

Based on this 20-F/A, AMERICA MOVIL SAB DE CV/ presents a moderate-risk profile. The filing is an amendment, suggesting potential prior omissions or necessary corrections, which could indicate underlying complexities or issues that require further clarification.

What should investors do after reading AMERICA MOVIL SAB DE CV/'s 20-F/A?

Review the specific details of discontinued operations and asset disposals to understand their impact on future revenue and profitability. The overall sentiment from this filing is neutral.

Risk Factors

Filing Stats: 4,499 words · 18 min read · ~15 pages · Grade level 11.2 · Accepted 2024-05-01 14:04:42

Key Financial Figures

Filing Documents

SELECTED FINANCIAL DATA

SELECTED FINANCIAL DATA 9

: INFORMATION ON THE COMPANY

PART I: INFORMATION ON THE COMPANY 10 About Amrica Mvil 18 Our Networks 19 Our Competitors 19 Acquisitions, Other Investments and Divestitures 21 Marketing, Sales and Distribution, Customer Services 23

: OPERATING AND FINANCIAL REVIEW AND PROSPECTS

PART II: OPERATING AND FINANCIAL REVIEW AND PROSPECTS 24 Overview 26 Results of Operations 34 Liquidity and Capital Resources 39

: RISK FACTORS

PART III: RISK FACTORS 52

: SHARE OWNERSHIP AND MAJOR SHAREHOLDERS TRADING

PART IV: SHARE OWNERSHIP AND MAJOR SHAREHOLDERS TRADING 53 Major Shareholders 54 Related Party Transactions 55 Dividends 55 Trading Markets 55 Bylaws 56 Purchases of Equity Securities by the Issuer and Affiliated Purchasers 57 Taxation of Shares and ADSs 62

: CORPORATE GOVERNANCE

PART V: CORPORATE GOVERNANCE 63 Management 67 Corporate Governance 69

Controls and Procedures

Controls and Procedures 72 Corporate Sustainability Report 73 Cybersecurity 75 Code of Ethics 77

: REGULATION

PART VI: REGULATION 93

: ADDITIONAL INFORMATION

PART VII: ADDITIONAL INFORMATION 94 Employees 94

Legal Proceedings

Legal Proceedings 95 Principal Accountant Fees and Services 96 Additional Information 97

Forward-Looking Statements

Forward-Looking Statements 98 Form 20-F Cross Reference Guide 100

: CONSOLIDATED FINANCIAL STATEMENTS

PART VIII: CONSOLIDATED FINANCIAL STATEMENTS 5 Table of Contents We prepared our audited consolidated financial statements included in this annual report in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board ("IFRS"). The selected financial information should be read in conjunction with, and is qualified in its entirety by reference to, our audited consolidated financial statements. We present our audited consolidated financial statements in Mexican pesos ("Ps."). This annual report contains translations of various Mexican peso amounts into U.S. dollars at specified rates solely for your convenience. You should not construe these translations as representations that the Mexican peso amounts actually represent the U.S. dollar amounts or could be converted into U.S. dollars at the rate indicated. Unless otherwise indicated, we have translated U.S. dollar amounts from Mexican pesos at the exchange rate of Ps.16.8935 to U.S.$1.00, which was the rate reported by Banco de Mxico on December 29, 2023, as published in the Official Gazette of the Federation ( Diario Oficial de la Federacin , or "Official Gazette"). On August 8, 2022, we completed the spin-off of our telecommunications towers and other related passive infrastructure in Latin America outside of Mexico, other than Colombia and our telecommunications towers existing in Peru and in the Dominican Republic prior to the spin-off, as previously disclosed in our press release furnished on a report on Form 6-K on August 8, 2022. As part of the spin-off and the associated corporate restructuring, we contributed to Sitios Latinoamrica, S.A.B. de C.V. ("Sitios Latam") capital stock, assets and liabilities, mainly consisting of the shares of our subsidiaries holding telecommunications towers and other associated infrastructure in Latin America outside of Mexico, other than Colombia and our telecommunications towers existing in Peru and in the Domi

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