América Móvil Files July 2024 6-K Report

Ticker: AMXOF · Form: 6-K · Filed: Jul 18, 2024 · CIK: 1129137

Sentiment: neutral

Topics: foreign-private-issuer, sec-filing, reporting

Related Tickers: AMX

TL;DR

AMX filed its July 6-K, confirming 20-F reporting. Standard update.

AI Summary

América Móvil, S.A.B. de C.V. filed a Form 6-K on July 18, 2024, to report its activities for the month of July 2024. The filing indicates that the company is a foreign private issuer and will file its annual reports under Form 20-F. The company's principal executive office is located at Lago Zurich 245, Plaza Carso / Edificio Telcel, Colonia Ampliación Granada, Alcaldía Miguel Hidalgo, 11529, Mexico City, Mexico.

Why It Matters

This filing provides routine updates for investors and regulators regarding América Móvil's ongoing operations and reporting status as a foreign private issuer.

Risk Assessment

Risk Level: low — This is a routine filing for a foreign private issuer and does not contain specific financial results or significant corporate actions.

Key Players & Entities

FAQ

What is the purpose of a Form 6-K filing?

A Form 6-K is a report of foreign private issuers required to be filed with the SEC to provide information that the issuer makes or is required to make public pursuant to the laws of its home country, or that it furnishes or is required to furnish to its security holders.

Which annual report form does América Móvil file?

América Móvil indicates it files its annual reports under Form 20-F.

What is the principal executive office address of América Móvil?

The principal executive office is located at Lago Zurich 245, Plaza Carso / Edificio Telcel, Colonia Ampliación Granada, Alcaldía Miguel Hidalgo, 11529, Mexico City, Mexico.

What period does this 6-K filing cover?

This Form 6-K report is for the month of July 2024.

Is América Móvil considered a foreign private issuer?

Yes, the filing explicitly states that América Móvil is a foreign private issuer.

Filing Stats: 4,209 words · 17 min read · ~14 pages · Grade level 7.8 · Accepted 2024-07-18 17:14:03

Filing Documents

From the Filing

6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month of July, 2024 Commission File Number: 1-16269 AMÉRICA MÓVIL, S.A.B. DE C.V. (Exact name of registrant as specified in its charter) America Mobile (Translation of Registrant´s name into English) Lago Zurich 245 Plaza Carso / Edificio Telcel Colonia Ampliación Granada Alcaldía Miguel Hidalgo, 11529, Mexico City, Mexico (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F Form 40-F Indicate by check mark if the Registrant is submitting this Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes No Indicate by check mark if the Registrant is submitting this Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes No Indicate by check mark whether the registrant by furnishing the information contained in this Form 6-K is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes No Mexico City - América Móvil, S.A.B. de C.V. (América Móvil) [BMV: AMX] [NYSE: AMX, AMOV], announced today its financial and operating results for the second quarter of 2024. We added 2.4 million subscribers in the second quarter, of which 1.8 million were postpaid subscribers, with Brazil gaining 907 thousand, Colombia 183 thousand and Mexico 99 thousand. Our prepaid platform registered 599 thousand net additions in the period mostly contributed by Colombia and Argentina with 261 thousand subscribers and 191 thousand, respectively. On the fixed-line segment we connected 376 thousand new broadband accesses, with Mexico adding 148 thousand, followed by Brazil and Argentina with almost 63 thousand each. Second quarter revenue rose 1.5% year-on-year to 206 billion pesos. Service revenue was up 3.5% year-on-year in Mexican peso terms and 4.7% at constant exchange rates. Mobile service revenue growth accelerated to a 5.1% pace from 4.9% the prior quarter on the back of stronger postpaid revenue growth, 6.2%, as prepaid revenue stayed on pace. On the fixed-line platform service revenue was up 4.1% with broadband revenue growth continuing to improve reaching 7.9%. Corporate network revenue increased 7.2%. EBITDA was up 5.6% in Mexican peso terms and 6.9% at constant exchange rates, resulting in a 40.4% EBITDA margin Our operating profit came in at 45.5 billion pesos, having risen 12.9% from the year-earlier quarter, but with our comprehensive financing costs reaching 40.2 billion pesos on account of foreign exchange losses resulting mainly from the depreciation of the Mexican peso we ended up posting a net loss of 1.1 billion pesos in the quarter. In the first half of the year, our net financing of 14.3 billion pesos coupled with our operating cash flow allowed us to cover 56.2 billion pesos in capital expenditures, 12.5 billion pesos in share buybacks and a similar amount in labor obligations. Our cash flow was generally stronger vs that of the same period of the prior year. At the end of June, our net debtexcluding leasesstood at 404.2 billion pesos. It was equivalent to a net debt-to-EBITDAaL ratio of 1.38 times. Content Highlights Relevant events Subscribers América Móvil Consolidated Mexico Brazil Colombia Other South America Central America and The Caribbean Austria Other European Currency Exchange Rates Appendix Glossary We will host our conference call to discuss 2Q24 financial and operating results on July 17 th at 9:00 am Mexico City time. To access the call please log on to www.americamovil.com/investors América Móvil Fundamentals 2Q24 2Q23 Earnings per Share (Mex$) (1) -0.02 0.41 Earning per ADR (US$) (2) -0.02 0.46 EBITDA per Share (Mex$) (3) 1.34 1.25 EBITDA per ADR (US$) 1.56 1.41 Net Income (millions of Mex$) -1,093 25,875 Average Shares Outstanding (billion) 61.9 63.2 Shares Outstanding End of Period (billion) 61.7 63.2 (1) Net Income / Average Shares Outstanding (2) 20 shares per ADR (3) EBITDA / Average Shares Outstanding América Móvils Subsidiaries as of June 2024 Country Brand Main Activity Equity Mexico Telcel wireless 100.0% Telmex wireline 98.8% Argentina Claro wireless/wireline 100.0% Austria A1 wireless/wireline 60.0% EuroTeleSites towers 57.0% Brazil Claro wireless/wireline 99.6% Colombia Claro wireless/wireline 99.4% Costa Rica Claro wireless/wireline 100.0% The Dominican Republic Claro wireless/wireline 100.0% Ecuador Claro wireless/wireline 100.0% El Salvador

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