amxpr2q13_6k.htm - Generated by SEC Publisher for SEC Filing

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, 2013

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 Granada Ampliación 
11529 Mexico, D.F., 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 ___X___ 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 ___X____

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 ___X____

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 ___X____


 

 

 

 

AMÉRICA MÓVIL’S SECOND QUARTER OF 2013

FINANCIAL AND OPERATING REPORT

 

Mexico City, July 25, 2013 - América Móvil, S.A.B. de C.V. (“América Móvil”) [BMV: AMX] [NYSE: AMX] [NASDAQ: AMOV] [LATIBEX: XAMXL], announced today its financial and operating results for the second quarter of 2013.  

 

 

 

1


 
 

 

América Móvil Fundamentals (IFRS)

 

 

 

 

 

 

 

 

1Q13

1Q12

Var. %

EPS (Mex$)(1)

0.19

0.17

12.2%

Earning per ADR (US$)(2)

0.31

0.25

21.7%

Net Income (millions of Mex$)

14,193

13,157

7.9%

Average Shares Outstanding as of Dec 31st (billion) (3)

73.44

76.35

-3.8%

Average ADRs Outstanding as of Dec 31st (millions) (4)

601

848

-29.2%

(1) Net Income / Average Shares outstanding (2) 20 shares per ADR (3) All figures in the table reflect retroactively the 2:1 split that became effective on June 29th, 2011 (4) As per Bank of NY Mellon

 

Relevant Events 

 

On April 30th, we announced the acquisition of CMI, the media and advertisement business unit of Corporación Interamericana de Entretenimiento, S.A.B. de C.V. (CIE).

 

On May 20th, Tracfone entered into an agreement to acquire Start Wireless Group, Inc., a mobile virtual network operator in the United States that provides services to approximately 1.4 million customers and offers, among others, prepaid plans for voice, messaging and data.

 

On June 26th, a spectrum auction was held in Colombia and Claro was granted the use of 30 Mhz of spectrum in the 2.5MHz band. The amount paid for the spectrum was 120 billion Colombian pesos.

 

On July 8th, we announced the acquisition of a 10.8% interest in Shazam Entertainment Limited and entered into a strategic alliance for a business development in the Americas. Shazam is the world’s leading media engagement company with 350 million users in 200 countries, growing another 2 million new users each week.

 

On July 15th, we issued bonds in the amount of 750 million euros and 300 million pounds sterling. The former had a 10-year maturity and carried a 3.259% coupon whereas the latter had a 20-year maturity and a 4.948% coupon.

 

América Móvil’s Subsidiaries as of June 2013

 

 

 

 

 

 

Country

Brand

Business

Equity Participation

Consolidation Method

Mexico

Telcel

wireless

100.0%

Global Consolidation Method

 

Telmex

wireline

97.6%

Global Consolidation Method

 

Sección Amarilla (1)

other

100.0%

Global Consolidation Method

 

Telvista

other

89.0% (2)

Global Consolidation Method

Argentina

Claro

wireless

100.0%

Global Consolidation Method

 

Telmex

wireline

99.6%

Global Consolidation Method

Brazil

Claro

wireless

100.0%

Global Consolidation Method

 

Embratel(1)

wireline

95.5%

Global Consolidation Method

 

Net

Cable

88.1%

Global Consolidation Method

Chile

Claro

wireless

100.0%

Global Consolidation Method

 

Telmex(1)

wireline

100.0%

Global Consolidation Method

Colombia

Claro

wireless

99.4%

Global Consolidation Method

 

Telmex

wireline

99.3%

Global Consolidation Method

Costa Rica

Claro

wireless

100.0%

Global Consolidation Method

Dominicana

Claro

wireless/wireline

100.0%

Global Consolidation Method

Ecuador

Claro

wireless

100.0%

Global Consolidation Method

 

Telmex(1)

wireline

100.0%

Global Consolidation Method

El Salvador

Claro

wireless/wireline

95.8%

Global Consolidation Method

Guatemala

Claro

wireless/wireline

99.3%

Global Consolidation Method

Honduras

Claro

wireless/wireline

100.0%

Global Consolidation Method

Nicaragua

Claro

wireless/wireline

99.6%

Global Consolidation Method

Panama

Claro

wireless

100.0%

Global Consolidation Method

Paraguay

Claro

wireless

100.0%

Global Consolidation Method

Peru

Claro

wireless

100.0%

Global Consolidation Method

Puerto Rico

Claro

wireless/wireline

100.0%

Global Consolidation Method

Uruguay

Claro

wireless/ wireline

100.0%

Global Consolidation Method

USA

Tracfone

wireless

98.2%

Global Consolidation Method

The Netherlands

KPN

wireless/wireline

29.8%

Equity Method

Austria

Telekom Austria

wireless/wireline

23.7%

Equity Method

(1) Equity Participation of Telmex Internacional of which América Móvil owns 97.65%

(2) AMX owns directly 45% and 45% through its subsidiary Telmex

 

 

2


 
 

Total Accesses

 

At the end of June, we had 328.8 million accesses, 5.0% more than a year before. This figure comprises 262.0 million wireless subscribers, 30.7 million landlines, 18.2 million broadband accesses and 17.8 million PayTV units. PayTV accesses increased 18.2% on an annual basis followed by broadband accesses that rose 13.2%.

 

   

Wireless Subscribers

 

As of June, we had 262 million wireless subscribers, 4.1% more than a year before, after net disconnections of 867 thousand clients in the quarter. In Peru and Ecuador, we had one-off disconnections of 1.9 million and 307 thousand, respectively, as a result of the implementation of more strict churn policies. In the US and in Chile, we subtracted 192 thousand and 100 thousand subscribers respectively.

 

At 40.7 million subs, our postpaid base was up 12.2% year on year after adding 938 thousand new clients in the period, 47.4% more than a year before. Brazil brought 291 thousand new subs, Peru 207 thousand and Mexico 176 thousand. Colombia, Ecuador and the Central America-Caribbean block, around 70 thousand each.

 

At the end of the quarter, we had 72 million subscribers in Mexico, 66.5 million in Brazil, 27.8 million in Colombia and 23 million in the US. The combined operations of Central America and the Caribbean had over 22 million clients and have shown the fastest growth rate, 12.3%.

 

Wireless Subscribers as of June 2013

 

 

 

 

Thousands

 

 

 

 

 

 

Total(1)

Country

Jun´13

Mar'13

Var.%

Jun´12

Var.%

Mexico

71,965

71,220

1.0%

68,120

5.6%

Brazil

66,472

66,308

0.2%

62,966

5.6%

Chile

6,275

6,375

-1.6%

5,734

9.4%

Argentina, Paraguay & Uruguay

21,529

21,392

0.6%

21,355

0.8%

Colombia

27,805

27,661

0.5%

29,375

-5.3%

Ecuador

11,700

12,007

-2.6%

11,293

3.6%

Peru

11,212

13,137

-14.7%

12,018

-6.7%

Central America & The Caribbean

22,046

21,581

2.2%

19,631

12.3%

USA

23,038

23,230

-0.8%

21,337

8.0%

Total Wireless Lines

262,043

262,910

-0.3%

251,829

4.1%

(1)Includes total subscribers of all companies in which América Móvil holds an economic interest; does not consider the date in which the companies started being consolidated. *Central America includes Panama and Costa Rica in every table.

 

3


 
 

Fixed Revenue Generating Units

 

At the end of June, we had 66.8 million revenue generating units, 9.1% more than a year before. We added 1.6 million new fixed-line accesses in the quarter, 44% of which were PayTV RGUs. Bundles remained popular as 60% of the net additions were triple-play packages, 31% were double play and only 9% were single access clients. Nearly 70% of the new RGUs came from Brazil, our largest fixed-operation with 30.8 million RGUs.

 

Fixed-Line and Other Accesses (RGUs) as of June 2013

Thousands

 

 

 

 

 

 

Total*

Country

Jun´13

Mar'13

Var.%

Jun´12

Var.%

Mexico

22,381

22,298

0.4%

22,732

-1.5%

Brazil

30,757

29,680

3.6%

26,287

17.0%

Colombia

4,497

4,333

3.8%

3,891

15.6%

Ecuador

277

261

5.8%

204

35.4%

Peru

931

894

4.2%

785

18.6%

Argentina, Uruguay & Paraguay

486

452

7.5%

369

31.6%

Chile

1,155

1,120

3.1%

1,042

10.8%

Central America & Caribbean

6,315

6,210

1.7%

5,918

6.7%

Tolal RGUs

66,799

65,248

2.4%

61,229

9.1%

*Fixed Line, Broadband and Television (Cable & DTH)

 

 

América Móvil Consolidated Results

 

With the U.S. economy seemingly on better footing, economic activity in Latin America appeared to pick up in the second quarter, underpinning stronger top line growth throughout the region in spite of the financial volatility that resulted from the Fed’s statement in May that it would likely start cutting back on its bond purchases before the end of the year given the resilience of the U.S. economy. This volatility led to major swings in exchange rates that for the most part resulted in a significant strengthening of the U.S. dollar vis-à-vis other currencies with the Mexican peso depreciating 6.7%, the Brazilian real 10.0%, the Colombian peso 4.9%, the Peruvian sol 7.5% and the Chilean peso 6.6% vs. the U.S. dollar.

 

Consolidated revenues were up 1.6% from the year-earlier quarter to 194.8 billion pesos, bringing to 387.8 billion pesos the total for the year. However, the increase in peso terms underestimates the real revenue growth given the noise generated by the currency movements. In constant peso terms, service revenue growth shot up to 7.8% year-on-year from 4.6% the prior quarter, and total revenues were up 10.0% compared to 6.1% the prior quarter.

 

The acceleration of service revenue growth was particularly strong in Mexico and in the South American block, rising from -1.6% to 1.0% in Mexico and from 5.0% to 8.5% in South America. In the latter block, the pace of growth picked up very notably in Brazil, Chile and Ecuador, gaining nearly 5 points in Brazil and almost 4 points in Ecuador relative to the first quarter.

 

The improvements above were mostly driven by the voice segment, with mobile voice recovering sharply from the downturn it observed the prior two quarters with Mexico, Brazil, Chile, Ecuador and Colombia posting significantly better growth figures than they had the prior quarter. Fixed-line voice revenues continued their steady recovery in Brazil.

 

 

 

4


 
 

 

Second quarter EBITDA, 65.0 billion pesos, was slightly lower than that of the year-earlier quarter in peso terms, -2.1%. At constant exchange rates, however, consolidated EBITDA swung from -2.4% in the first quarter to 5.0% in the second one, supported by the strong top line performance. The EBITDA margin stood at 33.4%, compared to 34.6% a year before.

 

We obtained an operating profit of 40.6 billion pesos in the quarter bringing the total to 79.2 billion for the first six months. At constant exchange rates it was up 7.3%.

 

Our comprehensive financing cost totaled 20.8 billion pesos and was 13% higher than that of the year-earlier quarter. As they had the prior year, foreign exchange losses made up most of the cost, reflecting the depreciation of the peso vs. the U.S. dollar and the euro. The depreciation of the various currencies vs. the dollar took place at a time when approximately 30% of the company’s net debt was exposed to hard currencies, the rest ultimately denominated in local currencies, mostly Mexican pesos. 

 

 

America Movil's Income Statement (IFRS)

 

 

 

 

Millions of Mexican pesos

 

 

 

 

 

 

 

2Q13

2Q12

Var.%

Jan - Jun 13

Jan - Jun 12

Var.%

 

Net Service Revenues

174,344

175,455

-0.6%

348,867

352,597

-1.1%

Equipment Revenues

20,456

16,284

25.6%

38,892

31,640

22.9%

Total Revenues

194,800

191,739

1.6%

387,760

384,237

0.9%

 

 

 

 

 

 

 

Cost of Service

58,159

57,126

1.8%

118,411

114,478

3.4%

Cost of Equipment

29,519

26,646

10.8%

57,011

52,342

8.9%

Selling, General & Administrative Expenses

39,963

39,292

1.7%

79,424

78,581

1.1%

Others

2,118

2,248

-5.8%

4,053

3,906

3.8%

Total Costs and Expenses

129,759

125,313

3.5%

258,900

249,307

3.8%

 

 

 

 

 

 

 

EBITDA

65,042

66,426

-2.1%

128,860

134,930

-4.5%

% of Total Revenues

33.4%

34.6%

 

33.2%

35.1%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation & Amortization

24,483

26,348

-7.1%

49,645

51,854

-4.3%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EBIT

40,558

40,078

1.2%

79,215

83,076

-4.6%

% of Total Revenues

20.8%

20.9%

 

20.4%

21.6%

 

 

 

 

 

 

 

 

Net Interest Expense

5,856

4,699

24.6%

10,861

9,221

17.8%

Other Financial Expenses

-8,904

-2,381

-274.0%

2,052

7,746

-73.5%

Foreign Exchange Loss

23,844

16,087

48.2%

6,484

-3,194

303.0%

Comprehensive Financing Cost (Income)

20,796

18,404

13.0%

19,397

13,773

40.8%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income & Deferred Taxes

6,489

8,374

-22.5%

19,330

23,285

-17.0%

Net Income before Minority Interest and Equity

13,273

13,300

-0.2%

40,488

46,018

-12.0%

Participation in Results of Affiliates

 

 

 

 

 

 

minus

 

 

 

 

 

 

Equity Participation in Results of Affiliates*

971

-77

n.m.

663

-64

n.m.

Minority Interest

-52

-66

21.8%

-87

-265

67.1%

Net Income

14,193

13,157

7.9%

41,064

45,689

-10.1%

n.m. Not meaningful

 

 

 

 

 

 

*Includes results of KPN

 

 

 

 

 

 

 

 

5


 
 

 

Second quarter net income of 14.2 billion pesos was 7.9% higher than that of a year before. It was equivalent to 19 peso cents per share or 31 dollar cents per ADR. Net income per share was up 12.2% from the year-earlier quarter whereas earnings per ADR rose 21.7%.

 

Balance Sheet (in accordance with IFRS)

América Móvil Consolidated

Millions of Mexican Pesos

 

Jun '13

Dic '12

Var.%

 

Jun '13

Dic '12

Var.%

 

 

 

 

 

 

 

 

 

 

Current Assets

 

 

 

Current Liabilities

 

 

Cash & Securities

31,585

45,487

-30.6%

Short Term Debt**

57,433

13,622

321.6%

Accounts Receivable

123,242

122,986

0.2%

Accounts Payable

196,385

189,081

3.9%

Other Current Assets

16,070

11,961

34.4%

Other Current Liabilities

43,496

50,156

-13.3%

Inventories

33,460

28,698

16.6%

 

297,314

252,859

17.6%

 

204,357

209,131

-2.3%

 

 

 

 

 

 

 

 

 

 

 

 

Non Current Assets

 

 

 

 

 

 

 

Plant & Equipment

486,798

500,434

-2.7%

 

 

 

 

Investments in Affiliates

84,658

67,288

25.8%

Non Current Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long Term Debt

401,066

404,048

-0.7%

Deferred Assets

 

 

 

Other Non Current Liabilities

70,065

72,849

-3.8%

Goodwill (Net)

98,018

99,706

-1.7%

 

471,131

476,897

-1.2%

Intangible Assets

41,638

45,196

-7.9%

 

 

 

 

Deferred Assets

61,526

57,021

7.9%

Shareholder's Equity

208,549

249,020

-16.3%

 

 

 

 

 

 

 

 

Total Assets

976,995

978,776

-0.2%

Total Liabilities and Equity

976,995

978,776

-0.2%

** Includes current portion of Long Term Debt

 

Our net debt ended June at 426.9 billion pesos. It was up 54.7 billion in the first six months of the year contributing to the financing of capital expenditures in the amount of 49.1 billion pesos, share buybacks of 46.2 billion pesos and the acquisition of ownership interests in various companies totaling 16.7 billion pesos.

 

Financial Debt of América Móvil*

 

 

Millions of U.S. Dollars

 

 

 

Dic-12

Jun-13

Peso denominated debt

6,089

8,956

Bonds and other securities

6,089

6,582

Banks and others

0

2,373

U.S. Dollar - denominated debt

15,721

15,731

Bonds and other securities

15,098

15,098

Banks and others

623

633

Debt denominated in other currencies

10,294

10,079

Bonds and other securities

10,257

9,938

Banks and others

38

141

Total Debt

32,104

34,765

*This chart does not include the effect of forwards and derivatives used to hedge the foreign exchange exposure.

 

 

6


 
 

Mexico

 

We gained 745 thousand wireless subscribers in the second quarter—24% of them in the postpaid segment—to end June with 72.0 million subscribers. Our postpaid base, 9 million subs, has increased 11.9% from the year before, more than twice as fast as the prepaid base. On the fixed-line platform, we finished the quarter with 22.4 million accesses, having added 92 thousand broadband accesses and lost 10 thousand fixed-voice lines.

 

Our revenues totaled 69.6 billion pesos and were up 4.7% from the prior year, with wireless revenues accounting for 65.5% of the total. Data revenues were up 17.4% on the mobile platform and 9.3% on the fixed one, as voice revenues continued to decline year-on-year on both networks. MOUs rose 4.1% year-on-year to 277 minutes but the average revenue per minute declined 13.5% to 36 peso cents. It was equivalent to 2.9 dollar-cents per minute, a new low point for airtime prices for voice services.

 

EBITDA rose 2.3% from the year-earlier quarter to 31.0 billion pesos, even as the EBITDA margin fell by one percentage point to 44.5%.

 

Telcel continued to make inroads in number portability, having attracted 403 thousand new clients (net) in the quarter. Year-to-date Telcel has gained 629 thousand subscribers through number portability.

 

 

Income Statement (IFRS)

Mexico

 

 

 

 

Millions of MxP

 

 

 

 

 

 

2Q13

2Q12

Var.%

Jan -

Jan -

Var.%

 

Jun 13

Jun 12

Total Revenues

69,569

66,451

4.7%

135,841

132,635

2.4%

Wireless Revenues

45,587

41,786

9.1%

87,926

83,084

5.8%

Service Revenues

36,573

35,325

3.5%

71,888

70,527

1.9%

Equipment Revenues

8,877

6,461

37.4%

15,817

12,569

25.8%

 

 

 

 

 

 

 

Fixed Line and Other Revenues

26,054

26,173

-0.5%

51,957

52,472

-1.0%

 

 

 

 

 

 

 

EBITDA

30,955

30,254

2.3%

61,284

61,389

-0.2%

% total revenues

44.5%

45.5%

 

45.1%

46.3%

 

 

 

 

 

 

 

 

EBIT

24,666

24,131

2.2%

48,755

49,152

-0.8%

%

35.5%

36.3%

 

35.9%

37.1%

 

*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.

 

 

Mexico Operating Data (IFRS)

 

 

 

2Q13

2Q12

Var.%

Wireless Subscribers (thousands)

71,965

68,120

5.6%

Postpaid

9,009

8,049

11.9%

Prepaid**

62,956

60,071

4.8%

MOU

277

267

4.1%

ARPU (MxP)

170

175

-2.5%

Churn (%)

3.6%

3.5%

0.1

Revenue Generating Units (RGUs)*

22,381

22,732

-1.5%

* Fixed Line and Broadband

** The annual comparison is affected by the change in churn policy effective as of December 2011.

 

 

 

7


 
 

Argentina, Paraguay and Uruguay

 

Altogether, our operations in Argentina, Paraguay and Uruguay had 21.5 million wireless subscribers after net additions of 137 thousand in the second quarter. We also had 486 thousand RGUs, which increased 31.6% year-on- year.

 

Second quarter revenues were up 20.3% to 4.2 billion Argentinean pesos. Wireless service revenue rose 13.7% driven by data revenues that now represent 40.6% of service revenues. Fixed-line revenues were 25.6% higher than those of 2012 although they only represent 6.4% of total revenues. Voice revenues on both platforms picked up substantially in the quarter relative to the first quarter.

 

Our EBITDA of 1.4 billion Argentinean pesos was up 12.5% from the year-earlier quarter. The EBITDA margin of the quarter stood at 33.2% of revenues.

 

We maintain a positive balance from Mobile Number Portability in both Argentina and Paraguay.

 

Income Statement (IFRS)

Argentina, Paraguay & Uruguay

Millions of ARP

 

2Q13

2Q12

Var.%

Jan -

Jan -

Var.%

 

Jun 13

Jun 12

Total Revenues

4,196

3,487

20.3%

8,155

6,951

17.3%

Wireless Revenues

3,957

3,293

20.1%

7,686

6,568

17.0%

Service Revenues

3,295

2,899

13.7%

6,509

5,778

12.6%

Equipment Revenues

650

394

65.1%

1,163

783

48.5%

 

 

 

 

 

 

 

Fixed Line and Other Revenues

267  

213

25.6%

521

413

25.9%

 

 

 

 

 

 

 

EBITDA

1,394

1,239

12.5%

2,724

2,528

7.8%

% total revenues

33.2%

35.5%

 

33.4%

36.4%

 

 

 

 

 

 

 

 

EBIT

1,114

1,022

8.9%

2,187

2,093

4.5%

%

26.5%

29.3%

 

26.8%

30.1%

 

*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.

 

 

 

Argentina, Uruguay & Paraguay Operating Data (IFRS)

 

2Q13

2Q12

Var.%

Wireless Subscribers (thousands)

21,529

21,355

0.8%

Postpaid

2,952

2,791

5.8%

Prepaid

18,576

18,564

0.1%

MOU

140

142

-1.6%

ARPU (ARP)

51

46

11.9%

Churn (%)

2.0%

2.2%

(0.2)

Revenue Generating Units (RGUs)

486

369

31.6%

* Fixed Line, Broadband and Pay TV

 

 

 

 

8


 
 

Brazil

 

We ended June with 66.5 million wireless subscribers, 5.6%more than a year before. Our postpaid subscriber base rose 8.3% over the prior year to 13.7 million, having added 291 thousand new clients in the quarter. Fixed-RGUs went up 17.0% to 30.8 million at the end of June led by PayTV and broadband services, which increased by more than 20% year-on-year. Over half of our RGU net additions, 55%, came in the form of triple-play packages.

 

Second quarter revenues increased 8.0% year-on-year to 8.1 billion reais, with fixed-line revenues representing 64.1% of the total. Service revenue growth accelerated sharply from 2.8% in the first quarter to 7.6% in the second one. This improvement was broad based and touched every single business line, but for the most part reflected marked improvements in voice revenues on both platforms. Pay-TV revenues led the way rising 22.0% year-on-year, followed by mobile data revenues that increased 17.8%. 

 

Our second quarter EBITDA of 1.9 billion reais was 2.7% higher than that of the prior year, which represents a five point swing from the previous quarter when it had declined 3.2% year-on-year. The margin for the period stood at 23.3% of revenues, 1.2 percentage points lower than a year before.

 

We have gained more than 140 thousand clients year-to-date from Mobile Number Portability and have continued to deploy 4G-LTE infrastructure in Brazil to strengthen further our mobile broadband capabilities.

 

Income Statement (IFRS)

Brazil

Millions of BrL

 

2Q13

2Q12

Var.%

Jan -

Jan -

Var.%

 

Jun 13

Jun 12

Total Revenues

8,145

7,540

8.0%

16,034

15,201

5.5%

Wireless Revenues

3,210

3,137

2.3%

6,358

6,392

-0.5%

Service Revenues

2,939

2,914

0.9%

5,875

5,971

-1.6%

Equipment Revenues

267

223

19.8%

478

416

14.7%

 

 

 

 

 

 

 

Fixed Line and Other Revenues

5,219

4,741

10.1%

10,299

9,514

8.2%

 

 

 

 

 

 

 

EBITDA

1,899

1,849

2.7%

3,838

3,853

-0.4%

% total revenues

23.3%

24.5%

 

23.9%

25.3%

 

 

 

 

 

 

 

 

EBIT

417

401

3.9%

862

1,022

-15.6%

%

5.1%

5.3%

 

5.4%

6.7%

 

*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.

 

 

Brazil Operating Data (IFRS)

 

2Q13

2Q12

Var.%

Wireless Subscribers (thousands)

66,472

62,966

5.6%

Postpaid

13,707

12,662

8.3%

Prepaid

52,765

50,304

4.9%

MOU

119

107

11.7%

ARPU (BrL)

15

16

-5.3%

Churn (%)

3.5%

3.9%

(0.4)

Revenue Generating Units (RGUs)*

30,757

26,287

17.0%

* Fixed Line, Broadband and Television

 

 

 

 

 

9


 
 

Colombia

 

Our wireless subscriber base ended June with 27.8 million after adding 144 thousand new clients in the second quarter. The postpaid segment rose 9.5% year-on-year to 5.5 million clients. Our fixed RGUs totaled 4.5 million at the end of the quarter, 15.6% more than a year before. Our broadband service keeps on expanding rapidly: we connected 71 thousand high-speed accesses in the quarter and recorded a 27.1% annual increase in our base.

 

We obtained revenues of 2.7 trillion Colombian pesos in the period, which is 9.4% more than in the year-earlier quarter. Wireless service revenues rose 5.4% year on year—up from 3.9% the prior quarter—driven by wireless data revenues that expanded 25.0%. Wireless voice revenues for the period remained flat in spite of the implementation of asymmetric termination rates in February 2013. Fixed line revenues were 15.7% above last year’s. The latter accounted for just under 20% of our total revenues.

 

EBITDA for the quarter was 1.3 trillion Colombian pesos representing an annual increase of 11.3%. The margin, 49.0%, is 80 basis points higher than in the second quarter of 2012

 

In June, we were awarded in an auction the right to use 30 MHz of spectrum in the 2.5MHz band. This spectrum will be utilized for 4G-LTE services throughout the country.

 

Income Statement (IFRS)

Colombia

Billions of COP

 

2Q13

2Q12

Var.%

Jan -

Jan -

Var.%

 

Jun 13

Jun 12

Total Revenues

2,677

2,447

9.4%

5,245

4,847

8.2%

Wireless Revenues

2,153

1,989

8.3%

4,214

3,945

6.8%

Service Revenues

1,829

1,735

5.4%

3,631

3,470

4.6%

Equipment Revenues

310

223

39.3%

564

440

28.2%

 

 

 

 

 

 

 

Fixed Line and Other Revenues

513  

444

15.7%

1,010

871

15.9%

 

 

 

 

 

 

 

EBITDA

1,311

1,179

11.3%

2,399

2,308

3.9%

% total revenues

49.0%

48.2%

 

45.7%

47.6%

 

 

 

 

 

 

 

 

EBIT

982

838

17.1%

1,740

1,650

5.5%

%

36.7%

34.3%

 

33.2%

34.0%

 

*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.

 

 

Colombia Operating Data (IFRS)

 

2Q13

2Q12

Var.%

Wireless Subscribers (thousands)

27,805

29,375

-5.3%

Postpaid

5,519

5,041

9.5%

Prepaid**

22,286

24,335

-8.4%

MOU

218

231

-5.4%

ARPU (CoP)

22,010

19,908

10.6%

Churn (%)

3.6%

4.2%

(0.6)

Revenue Generating Units (RGUs)*

4,497

3,891

15.6%

* Fixed Line, Broadband and Television

 

 

 

** The annual comparison is affected by the change in churn policy effective as of December 2011.

 

 

10


 
 

Chile

 

We had 6.3 million wireless subscribers at the end of June—9.4% more than a year before—after allowing for the disconnection in the second quarter of 100 thousand users. Postpaid net additions were more than twice as many as those of the second quarter of 2012 and the subscriber base of that segment was up 10.6% year-on-year. Fixed RGUs totaled 1.2 million at the end of the quarter, having risen 10.8% over the year.

 

Our revenues amounted to 194.4 billion Chilean pesos, 10.2% more than in the year-earlier quarter. Wireless service revenues increased 8.7% on the back of data revenues that shot-up 40.6% and that now represent a fourth of our service revenues. Wireless voice revenues were up 1.2% in spite of the reduction in the average price per minute that resulted from new regulatory measures implemented at the end of March. Fixed-line revenues, which account for 28.8% of the total, were up 7.4% year-on-year as triple play packages proved to be popular.

 

EBITDA for the quarter was down to 8.7 billion Chilean pesos or 4.5% of revenues. The decline in EBITDA is linked on the one side to the growth of postpaid—around 90% of our additions are getting smartphones with data plans—and, to a lesser extent, to the changes in traffic brought about by the new pricing rules in Chile.

 

We were the first carrier to launch 4G-LTE services in the country. At the end of 2013, we will have coverage in the 5 largest cities where more than 70% of the population is concentrated. We continue to gain clients from Mobile Number Portability.

 

Income Statement (IFRS)

Chile

Millions of ChP

 

2Q13

2Q12

Var.%

Jan -

Jan -

Var.%

 

Jun 13

Jun 12

Total Revenues

194,377

176,314

10.2%

379,235

342,146

10.8%

Wireless Revenues

140,848

126,893

11.0%

275,847

244,651

12.8%

Service Revenues

113,981

104,890

8.7%

224,764

208,570

7.8%

Equipment Revenues

26,874

22,194

21.1%

51,049

36,465

40.0%

 

 

 

 

 

 

 

Fixed Line and Other Revenues

56,008

52,163

7.4%

108,415

103,186

5.1%

 

 

 

 

 

 

 

EBITDA

8,685

15,827

-45.1%

15,459

28,568

-45.9%

% total revenues

4.5%

9.0%

 

4.1%

8.3%

 

 

 

 

 

 

 

 

EBIT

-36,026

-23,264

-54.9%

-72,170

-44,979

-60.5%

%

-18.5%

-13.2%

 

-19.0%

-13.1%

 

*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.

 

 

Chile Operating Data (IFRS)

 

2Q13

2Q12

Var.%

Wireless Subscribers (thousands)

6,275

5,734

9.4%

Postpaid

1,236

1,117

10.6%

Prepaid

5,039

4,616

9.2%

MOU

215

216

-0.6%

ARPU (ChP)

5,967

6,139

-2.8%

Churn (%)

4.3%

4.8%

(0.5)

Revenue Generating Units (RGUs)*

1,155

1,042

10.8%

* Fixed Line and Broadband and Television

 

 

 

 

 

 

11


 
 

Ecuador

 

We finished June with 11.7 million wireless subscribers after one-time disconnections of 307 thousand that resulted from adjustments in our churn policy. The postpaid segment added 76 thousand new clients bringing the base to 2.2 million, an increase of 20.3% from the prior year.  RGUs shot up 35.4% year-on-year to 277 thousand accesses.

 

Our second quarter revenues rose 12.9% to 432 million dollars. Wireless service revenues expanded 10.4% on account of a 40.7% jump in data revenues. Data revenues—which already represent 36.4% of service revenues—have been accelerating every one of the last four quarters. Revenues on the fixed-line front increased 28.0% over the year. 

 

The quarter’s EBITDA was up 8.0% to 194 million dollars. The margin, 44.9%, was down two percentage points relative to that of 2012 due to subscriber acquisition costs associated with our efforts to grow the postpaid segment more rapidly.

 

Income Statement (IFRS)

Ecuador

Millions of Dollars

 

2Q13

2Q12

Var.%

Jan -

Jan -

Var.%

 

Jun 13

Jun 12

Total Revenues

432

383

12.9%

844

764

10.4%

Wireless Revenues

420

373

12.6%

820

746

9.9%

Service Revenues

355

322

10.4%

698

645

8.2%

Equipment Revenues

65

52

26.3%

122

100

21.7%

 

 

 

 

 

 

 

Fixed Line and Other Revenues

14

11

28.0%

28

21

29.5%

 

 

 

 

 

 

 

EBITDA

194

180

8.0%

388.346

363

7.1%

% total revenues

44.9%

46.9%

 

46.0%

47.5%

 

 

 

 

 

 

 

 

EBIT

149

137

8.4%

298

279

6.7%

%

34.4%

35.8%

 

35.3%

36.5%

 

*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.

 

 

Ecuador Operating Data (IFRS)

 

2Q13

2Q12

Var.%

Wireless Subscribers (thousands)

11,700

11,293

3.6%

Postpaid

2,197

1,826

20.3%

Prepaid**

9,503

9,468

0.4%

MOU

157

159

-1.7%

ARPU (US$)

10

10

4.1%

Churn (%)

3.6%

2.5%

1.2

Revenue Generating Units (RGUs)*

277

204

35.4%

* Fixed Line, Broadband and Television

** The annual comparison is affected by the change in churn policy effective as of December 2011.

 

12


 
 

Peru

 

Our wireless subscriber base went down to 11.2 million at the end of June after one-time disconnections of 1.9 million wireless clients in the quarter as a result of changes in our churn policy. The postpaid subscriber base soared 38.7% year-on-year. On the fixed-line platform we had a total of 931 thousand RGUs, 18.6% more than the prior year.

 

Revenues of 1.2 billion soles were 12.8% higher than those of the second quarter of 2012. Wireless service revenue growth was buoyed by a 29.9% increase in wireless data—which now represents 28.1% of service revenues—and from voice revenues that rose 7.1% in spite of a 10% decline in the average price per minute. Fixed line revenues were up 18.8% over the year. They now account for 12% of total revenues in Peru.

 

The quarter’s EBITDA of 446 million soles was 1.7% above last year’s. The EBITDA margin stood at 37.9% of revenues. The four-point decline in the margin is a consequence of the costs building up our postpaid subscriber base, which has entailed providing subsidies on smartphones.

 

Claro continues to benefit from Mobile Number Portability.

 

Income Statement (IFRS)

Perú

Millones de Soles

 

2Q13

2Q12

Var.%

Jan -

Jan -

Var.%

 

Jun 13

Jun 12

Total Revenues

1,178

1,045

12.8%

2,319

2,057

12.7%

Wireless Revenues

1,035

924

12.0%

2,038

1,821

11.9%

Service Revenues

884

785

12.7%

1,760

1,558

13.0%

Equipment Revenues

146

136

7.5%

268

257

4.2%

 

 

 

 

 

 

 

Fixed Line and Other Revenues

143  

120

18.8%

281

237

18.7%

 

 

 

 

 

 

 

EBITDA

446

439

1.7%

927

860

7.8%

% total revenues

37.9%

42.0%

 

40.0%

41.8%

 

 

 

 

 

 

 

 

EBIT

313

320

-2.1%

652

627

4.0%

%

26.6%

30.6%

 

28.1%

30.5%

 

*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.

 

 

Peru Operating Data (IFRS)

 

2Q13

2Q12

Var.%

Wireless Subscribers (thousands)

11,212

12,018

-6.7%

Postpaid

3,085

2,224

38.7%

Prepaid

8,127

9,794

-17.0%

MOU

118

102

15.1%

ARPU (Sol)

24

22

9.2%

Churn (%)

9.2%

3.3%

5.9

Revenue Generating Units (RGUs)*

931

785

18.6%

* Fixed Line, Broadband and Television

 

 

13


 
 

Central America and the Caribbean

 

Our combined wireless subscriber base topped 22 million at the end of June, after adding 466 thousand new clients in the second quarter. It was up 12.3% compared with the same period of 2012, but the postpaid segment grew at a faster pace: 16.4%. We also had 6.3 million RGUs, 6.7% more than a year before. 

 

Our revenues reached 968 million dollars in the second quarter and were 1.5% higher than in the prior year. Wireless service revenues increased 5.3% on an annual basis driven by the 22.8% hike in data revenues. Fixed-line revenues declined 1.7% as a result of the deterioration of voice services and the continued fixed-to-mobile substitution. Fixed-data revenue growth has improved each one of the last four quarters and now totals 6.2%, while Pay TV revenue growth hit a new peak at 18.4%.

 

EBITDA of 312 million dollars exceeded by 17.2% that of the second quarter of 2012. The margin for the period climbed nearly five percentage points to 32.3%.

 

Income Statement (IFRS)

Central America and The Caribbean

Millions of Dollars

 

2Q13

2Q12

Var.%

Jan -

Jan -

Var.%

 

Jun 13

Jun 12

Total Revenues

968

954

1.5%

1,922

1,906

0.9%

Wireless Revenues

574

546

5.1%

1,130

1,091

3.6%

Service Revenues

531

504

5.3%

1,049

1,006

4.3%

Equipment Revenues

43

42

2.5%

81

84

-4.5%

 

 

 

 

 

 

 

Fixed Line and Other Revenues

406

413

-1.7%

803

825

-2.7%

 

 

 

 

 

 

 

EBITDA

312

266

17.2%

640

547

16.9%

% total revenues

32.3%

27.9%

 

33.3%

28.7%

 

 

 

 

 

 

 

 

EBIT

53

-41

229.8%

122

-22

n.m.

%

5.5%

-4.3%

 

6.4%

-1.2%

 

*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.

 

 

Central America and the Caribbean Operating Data (IFRS)

 

2Q13

2Q12

Var.%

Wireless Subscribers (thousands)

22,046

19,631

12.3%

Postpaid

3,038

2,611

16.4%

Prepaid

19,008

17,020

11.7%

MOU

193

204

-5.5%

ARPU (US$)

8

9

-7.0%

Churn (%)

3.8%

3.3%

0.5

Revenue Generating Units (RGUs)*

6,315

5,918

6.7%

* Fixed Line, Broadband and Television

 

14


 
 

United States

 

We had 23 million subscribers at the end of June, 8.0% more than a year before, even after we disconnected 192 thousand clients in the second quarter as a consequence of changes of the commercial conditions of certain plans.

 

Revenues rose 37.3% year-on-year to 1.5 billion dollars, as service revenues expanded 35.6% buoyed by data revenues that increased 66.2%: they now represent 42% of our service revenues. Service revenue growth has kept on accelerating every one of the last four quarters. ARPUs rose 19.2% and traffic per subscriber jumped 29.1% to 532 minutes per month.

 

The quarter’s EBITDA of 156 million dollars was up 11.5% year-over-year. It was equivalent to 10.4% of revenues.

 

Income Statement (IFRS)

United States

Millions of Dollars

 

2Q13

2Q12

Var.%

Jan -

Jan -

Var.%

 

Jun 13

Jun 12

Total Revenues

1,491

1,086

37.3%

3,005

2,168

38.6%

Service Revenues

1,334

984

35.6%

2,618

1,954

33.9%

Equipment Revenues

157

102

54.4%

387

214

80.7%

 

 

 

 

 

 

 

EBITDA

156

139

11.5%

224

279

-19.9%

% total revenues

10.4%

12.8%

 

7.4%

12.9%

 

 

 

 

 

 

 

 

EBIT

146

132

10.8%

205

264

-22.2%

%

9.8%

12.1%

 

6.8%

12.2%

 

*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.

 

 

 

United States Operating Data (IFRS)

 

2Q13

2Q12

Var.%

Wireless Subscribers (thousands)

23,038

21,337

8.0%

MOU

532

412

29.1%

ARPU (US$)

19

16

19.2%

Churn (%)

4.1%

4.1%

(0.0)

 

 

 

 

15


 
 

Glossary of Terms

 

ARPU – Average Revenue per User. The ratio of service revenues in a given period to the average number of wireless subscribers in the same period. It is presented on a monthly basis.

 

ARPM- Average Revenue per Minute. The ratio of service revenues to airtime traffic.

 

Capex – Capital Expenditure. Accrued capital expenditures related to the expansion of the telecommunications infrastructure.

 

Churn – Disconnection Rate. The ratio of wireless subscribers disconnected during a given period to the number of wireless subscribers at the beginning of that period. 

 

EBIT – Earnings Before Interest and Taxes, also known as Operating Profit.

 

EBIT margin – The ratio of EBIT to total operating revenue.

 

EBITDA – Earnings Before Interest, Taxes, Depreciation, and Amortization.

 

EBITDA margin – The ratio of EBITDA to total operating revenue.

 

EDGE – Enhanced Data rates for GSM Evolution. A technology that gives GSM the capacity to handle data services for the third generation mobile telephony.

 

EPS (Mexican pesos) – Earnings per share. Total earnings in Mexican pesos divided by total shares.

 

Earnings per ADR (US$) – Total earnings in U.S. dollars divided by total ADRs equivalent.

 

Equity subscribers – Subscribers weighted by the economic interest held in each company.

 

GSM – Global System for Mobile communications. It is the world’s leading and fastest growing mobile standard.

 

GPRS – General Packet Radio Service. Enables GSM networks to offer higher capacity, Internet-based-content and packet-based data services.  It is a second generation technology.

 

Gross additions – Total number of subscribers acquired during the period.

 

Licensed pops – Licensed population. Population covered by the licenses that each of the companies manage.

 

Market share – A company’s subscriber base divided by the total number of subscribers in that country.

 

MOU – Minutes of Use per subscriber. The ratio of wireless traffic in a given period to the average number of wireless subscribers in that same period.  It is presented on a monthly basis.

 

Net subscriber additions – The difference in the subscriber base from one period to another. It is the different between gross additions and disconnections.

 

Net debt – Total short and long term debt minus cash and marketable securities.

 

Net debt / EBITDA – The ratio of total short and long term debt minus cash and securities to trailing 12-month income before interest, taxes, depreciation and amortization.

 

Prepaid – Subscriber that may purchase airtime to recharge a cellular phone. The client does not hold a contract with the company for voice and data services.

 

Postpaid – Subscriber that has a contract for the use of airtime. The client has no need of activating airtime, it is done so immediately.

 

Push-to-talk – Enables compatible mobile phones to function like two-way radios.

 

SMS – Short Message Service.

 

SAC – Subscriber Acquisition Cost. The sum of handset subsidies, marketing expenses and commissions to distributors for handset activation. Handset subsidy is calculated as the difference between equipment cost and equipment revenues. 

 

Wireless penetration – The ratio of total wireless subscribers in any given country divided by the total population in that country.

 

16


 
 

 

Exchange Rates Local Currency Units per USD

 

2Q13

2Q12

Var.%

Jan - Jun 13

Jan - Jun 12

Var.%

 

Mexico

 

 

 

 

 

 

EoP

13.19

13.67

-3.5%

13.19

13.67

-3.5%

Average

12.46

13.52

-7.8%

12.56

13.27

-5.3%

 

 

 

 

 

 

 

Brazil

 

 

 

 

 

 

EoP

2.22

2.02

9.6%

2.22

2.02

9.6%

Average

2.07

1.96

5.4%

2.03

1.87

9.0%

 

 

 

 

 

 

 

Argentina

 

 

 

 

 

 

EoP

5.39

4.53

19.0%

5.39

4.53

19.0%

Average

5.24

4.45

17.8%

5.13

4.40

16.7%

 

 

 

 

 

 

 

Chile

 

 

 

 

 

 

EoP

504

502

0.4%

504

502

0.4%

Average

485

496

-2.3%

479

493

-2.9%

 

 

 

 

 

 

 

Colombia

 

 

 

 

 

 

EoP

1,923

1,806

6.5%

1,923

1,806

6.5%

Average

1,862

1,786

4.2%

1,827

1,794

1.8%

 

 

 

 

 

 

 

Guatemala

 

 

 

 

 

 

EoP

7.83

7.85

-0.2%

7.83

7.85

-0.2%

Average

7.80

7.79

0.1%

7.82

7.78

0.5%

 

 

 

 

 

 

 

Honduras

 

 

 

 

 

 

EoP

20.56

19.63

4.8%

20.56

19.63

4.8%

Average

20.44

19.51

4.8%

20.33

19.40

4.8%

 

 

 

 

 

 

 

Nicaragua

 

 

 

 

 

 

EoP

24.71

23.54

5.0%

24.71

23.54

5.0%

Average

24.57

23.40

5.0%

24.42

23.25

5.0%

 

 

 

 

 

 

 

Costa Rica

 

 

 

 

 

 

EoP

505

504

0.3%

505

504

0.3%

Average

505

509

-0.9%

505

512

-1.3%

 

 

 

 

 

 

 

Peru

 

 

 

 

 

 

EoP

2.78

2.67

4.2%

2.78

2.67

4.2%

Average

2.66

2.67

-0.1%

2.62

2.67

-2.1%

 

 

 

 

 

 

 

Paraguay

 

 

 

 

 

 

EoP

4,477

4,529

-1.1%

4,477

4,529

-1.1%

Average

4,216

4,401

-4.2%

4,145

4,423

-6.3%

 

 

 

 

 

 

 

Uruguay

 

 

 

 

 

 

EoP

20.57

21.92

-6.2%

20.57

21.92

-6.2%

Average

19.62

20.53

-4.4%

19.38

20.03

-3.2%

 

 

 

 

 

 

 

Dominican Republic

 

 

 

 

 

 

EoP

41.96

39.15

7.2%

41.96

39.15

7.2%

Average

41.34

39.12

5.7%

41.14

38.80

6.0%

 

 

17


 
 

 

Exchange Rates Local Currency units per Mexican Peso

 

2Q13

2Q12

Var.%

Jan - Jun 13

Jan - Jun 12

Var.%

 

USA

 

 

 

 

 

 

EoP

0.08

0.07

3.6%

0.08

0.07

3.6%

Average

0.08

0.07

8.5%

0.08

0.08

5.6%

 

 

 

 

 

 

 

Brazil

 

 

 

 

 

 

EoP

0.17

0.15

13.6%

0.17

0.15

13.6%

Average

0.17

0.15

14.4%

0.16

0.14

15.1%

 

 

 

 

 

 

 

Argentina

 

 

 

 

 

 

EoP

0.41

0.33

23.3%

0.41

0.33

23.3%

Average

0.42

0.33

27.8%

0.41

0.33

23.2%

 

 

 

 

 

 

 

Chile

 

 

 

 

 

 

EoP

38.2

36.7

4.0%

38.2

36.7

4.0%

Average

38.9

36.7

6.0%

38.1

37.1

2.6%

 

 

 

 

 

 

 

Colombia

 

 

 

 

 

 

EoP

145.8

132.1

10.3%

145.8

132.1

10.3%

Average

149.5

132.2

13.1%

145.4

135.2

7.6%

 

 

 

 

 

 

 

Guatemala

 

 

 

 

 

 

EoP

0.59

0.57

3.4%

0.59

0.57

3.4%

Average

0.63

0.58

8.6%

0.62

0.59

6.2%

 

 

 

 

 

 

 

Honduras

 

 

 

 

 

 

EoP

1.56

1.44

8.5%

1.56

1.44

8.5%

Average

1.64

1.44

13.7%

1.62

1.46

10.7%

 

 

 

 

 

 

 

Nicaragua

 

 

 

 

 

 

EoP

1.87

1.72

8.8%

1.87

1.72

8.8%

Average

1.97

1.73

13.9%

1.94

1.75

10.9%

 

 

 

 

 

 

 

Costa Rica

 

 

 

 

 

 

EoP

38.3

36.9

3.9%

38.3

36.9

3.9%

Average

40.5

37.7

7.6%

40.2

38.6

4.2%

 

 

 

 

 

 

 

Peru

 

 

 

 

 

 

EoP

0.21

0.20

8.0%

0.21

0.20

8.0%

Average

0.21

0.20

8.4%

0.21

0.20

3.5%

 

 

 

 

 

 

 

Paraguay

 

 

 

 

 

 

EoP

339.5

331.4

2.4%

339.5

331.4

2.4%

Average

338.4

325.6

3.9%

330.1

333.4

-1.0%

 

 

 

 

 

 

 

Uruguay

 

 

 

 

 

 

EoP

1.56

1.60

-2.8%

1.56

1.60

-2.8%

Average

1.58

1.52

3.7%

1.54

1.51

2.2%

 

 

 

 

 

 

 

Dominican

 

 

 

 

 

 

EoP

3.18

2.86

11.1%

3.18

2.86

11.1%

Average

3.32

2.89

14.6%

3.28

2.92

12.0%

 

For further information please visit our website at:

 

http://www.americamovil.com

 

Legal Disclaimer

 

América Móvil, S.A.B. de C.V. (the “Company”) quarterly reports and all other written materials may from time to time contain forward-looking statements that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. Forward looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance, or achievements, and may contain words like “believe”, “anticipate”, “expect”, “envisages”, “will likely result”, or any other words or phrases of similar meaning. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this report. In no event, neither the Company nor any of its subsidiaries, affilia­tes, directors, officers, agents or employees shall be liable before any third party (including investors) for any investment or business decision made or action taken in reliance on the information and statements contained in this document or for any consequential, special or similar damages.

18

 

SIGNATURE
 
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: July 26, 2013
 
 
AMÉRICA MÓVIL, S.A.B. DE C.V.
By: 
/S/  Alejandro Cantú Jiménez

  Name:
Title:
Alejandro Cantú Jiménez
Attorney-in-fact