amxpr2q17_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, 2017

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 
Delegación 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 ___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
2017 financial and operating report

 

Mexico City, July 18, 2017 - 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 2017. 

 

·          Our postpaid wireless subscriber segment continued delivering growth as it registered an annual increase of 5.1% after net additions of 565 thousand in the quarter, including 166 thousand in Mexico and 124 thousand in Brazil. 

 

·          On the fixed-line platform broadband accesses were up 5.7% year-on-year after 209 thousand new access gains in the quarter, while our Pay TV subscriber base registered 278 thousand disconnections, 1.3% of total PayTV units.

 

·          Our second quarter revenues rose 6.9% from the year-earlier quarter to nearly 250 billion pesos, with service revenues climbing 8.1%. At constant exchange rates, service revenues were up 4.2% year-on-year, their best performance in ten quarters, driven by mobile data revenues that were up 21.8%. 

 

·          EBITDA rose 13.7% year-on-year to 69.4 billion pesos. At constant exchange rates, EBITDA shot up 10.4%, marking its strongest climb in the last five years. All our operations observed sequential increases in EBITDA, with very significant moves in Peru, Chile, Argentina, Europe, Mexico and Colombia.

 

·          The EBITDA margin stood at 27.8%, up 0.7 percentage points from the prior quarter and up 1.7 percentage points from the year-earlier quarter. Almost all of our operations presented sequential increases in EBITDA margins.

 

·          Our operating profit increased 21.0% from the year-earlier quarter to 31.2 billion pesos. After our comprehensive financing cost of 13.3 billion pesos, it helped bring about a net profit of 14.3 billion pesos, an 86% year-on-year increase.

 

·          We achieved a net debt reduction of 27.0 billion pesos—in cash flow terms—in the second quarter. Our outstanding net debt has come down from 629.7 billion pesos in December to 550.8 billion pesos in June, a 12.5% decrease. This reflected positively on our net debt to EBITDA ratio which stood at 1.9x.

 

·          Our capital expenditures totaled 51.0 billion pesos in the first half of the year, and our acquisitions 3.6 billion pesos. After adjusting for dividends received from KPN, net shareholder distributions totaled 734 million pesos in the period, mostly by way of share buy-backs.

 

Relevant Events

 

On June 27th, 2017 we announced that a business unit dedicated to out-of-home advertising belonging to CMI—América Móvil´s (AMX) advertising division—entered into a joint venture with JCDecaux by merging their respective out-of-home advertising operations in Mexico. Upon the closing of the transaction JCDecaux will own 60% of the joint venture shares and the remaining 40% shares will be owned by AMX. The transaction is subject to the satisfaction of certain conditions, including the approval of the Mexican Federal Competition Commission and is expected to close later this year.

 

On June 30th, 2017 we notified our shareholders that the dividend corresponding to the 2016 results would be MXP 0.30 per share, to be paid in two installments of MXP 0.15 each. On July 17th, we made the first partial dividend payment that included 4.9 billion pesos in cash—51.52% of the eligible shares—and 325.3 million AMX Series L shares. 

 

On July 7th, 2017, we announced that our subsidiary Telcel acquired the right to use and exploit approximately 60 MHz of spectrum in the 2.5 GHz band, in different regions of the country, pursuant to the November 28, 2016 agreement between Telcel and Grupo MVS.

 

 

 

     
América Móvil Fundamentals (IFRS)     
  2Q17  2Q16 
Earnings per Share (Mex$) (1)  0.22  0.12 
Earning per ADR (US$) (2)  0.23  0.13 
EBITDA per Share (Mex$) (3)  1.05  0.93 
EBITDA per ADR (US$)  1.13  1.03 
Net Income (millions of Mex$)  14,313  7,700 
Average Shares Outstanding (billion)  65.76  65.69 
(1) Net Income / Average Shares Outstanding
(2) 20 shares per ADR
(3) EBITDA / Average Shares Outstanding

 

 

 
 

 

 

Access Lines

 

We ended June with 363 million access lines, practically flat from a year before, with our fixed-RGUs increasing 1.1% and our wireless base declining 1.0%. Access lines included 280 million wireless subscribers, 33.3 million landlines, 27.5 million broadband accesses and 21.8 million PayTV units.

 

In the second quarter our wireless subscriber base increased by 215 thousand subscribers, having added 565 thousand postpaid subs—including 166 thousand in Mexico and 124 thousand in Brazil—and disconnected 350 thousand prepaid subs. Our postpaid base was up 5.1% with Chile’s increasing 17.8%, Brazil’s 10.0%, Colombia’s 7.7% and Mexico’s 6.4%. 

 

On the fixed-line platform RGUs rose 1.1% from the prior year. Broadband accesses were up 5.7% year-on-year after connecting 209 thousand new accesses in the quarter, most of them in Central America, Colombia and Brazil. Our PayTV subscriber base was down 0.8% annually, with 278 thousand disconnections in the quarter.

 

América Móvil’s Subsidiaries as of June 2017     
Country Brand Business Equity 
Participation 
Mexico  Telcel  wireless  100.0% 
  Telmex  wireline  98.8% 
  Sección Amarilla(1)  other  98.4% 
  Telvista  other  89.4% 
Argentina  Claro  wireless  100.0% 
  Telmex  wireline  99.7% 
Brazil  Claro  wireless/wireline  97.7% 
Chile  Claro  wireless  100.0% 
  Telmex(1)  wireline  100.0% 
Colombia  Claro  wireless  99.4% 
  Telmex  wireline  99.3% 
Costa Rica  Claro  wireless  100.0% 
Dominicana  Claro  wireless/wireline  100.0% 
Ecuador  Claro  wireless/wireline  100.0% 
El Salvador  Claro  wireless/wireline  95.8% 
Guatemala  Claro  wireless/wireline  99.3% 
Honduras  Claro  wireless/wireline  100.0% 
Nicaragua  Claro  wireless/wireline  99.6% 
Panama  Claro  wireless/wireline  100.0% 
Paraguay  Claro  wireless/wireline  100.0% 
Peru  Claro  wireless/wireline  100.0% 
Puerto Rico  Claro  wireless/wireline  100.0% 
Uruguay  Claro  wireless/wireline  100.0% 
USA  Tracfone  wireless  100.0% 
Netherlands  KPN  wireless/wireline  21.1% 
Austria  Telekom Austria  wireless/wireline  51.0% 

(1) Equity Participation of Telmex Internacional of which América Móvil owns 97.88%.

 
 

 

Wireless Subscribers as of June 2017
      Total(1) (Thousands)     
Country  Jun ’17  Mar ’17  Var.%  Jun ’16  Var.% 
Argentina, Paraguay and Uruguay  23,910  23,848  0.3%  22,976  4.1% 
Austria & CEE  20,677  20,622  0.3%  20,482  1.0% 
Brazil  60,272  60,237  0.1%  64,264  -6.2% 
Central America  15,499  15,293  1.4%  15,773  -1.7% 
Caribbean  5,551  5,508  0.8%  5,373  3.3% 
Chile  6,798  6,710  1.3%  6,476  5.0% 
Colombia  29,225  29,153  0.2%  28,260  3.4% 
Ecuador  8,822  8,771  0.6%  8,864  -0.5% 
Mexico  73,099  72,942  0.2%  73,108  0.0% 
Peru  12,071  11,990  0.7%  11,954  1.0% 
USA  24,109  24,745  -2.6%  25,321  -4.8% 
Total Wireless Lines  280,033  279,818  0.1%  282,852  -1.0% 
(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.

 

 

 

Fixed-Line and Other Accesses (RGUs) as of June 2017
      Total(1) (Thousands)     
Country  Jun ’17  Mar ’17  Var.%  Jun ’16  Var.% 
Argentina, Paraguay and Uruguay  644  632  1.8%  588  9.4% 
Austria & CEE  5,899  5,920  -0.4%  5,609  5.2% 
Brazil  35,972  36,439  -1.3%  36,809  -2.3% 
Central America  5,591  5,478  2.1%  5,183  7.9% 
Caribbean  2,716  2,694  0.8%  2,601  4.4% 
Chile  1,351  1,342  0.6%  1,283  5.3% 
Colombia  6,590  6,472  1.8%  6,055  8.8% 
Ecuador  359  358  0.4%  354  1.3% 
Mexico  22,012  22,060  -0.2%  21,722  1.3% 
Peru  1,426  1,445  -1.3%  1,475  -3.3% 
Total RGUs  82,560  82,840  -0.3%  81,679  1.1% 
(1) Fixed Line, Broadband and Television (Cable & DTH).
 
 
 

 

América Móvil Consolidated Results

 

In the second quarter financial volatility in Latin America became more subdued in line with the situation in the global markets, with world economic growth on a slightly improving path. The U.S. economy continued to hold up and those of the European Union and China showed clear signs of strength. 

 

The appreciation of the Mexican peso vs. the dollar observed in the first quarter continued in the second one, whereas the Brazilian real, the Colombian peso and the Argentinean peso depreciated vs. the dollar, the first one mostly on account of new political pressures, and the other ones reflecting for the most part a worsening of their balance of payments position.

 

Our second quarter revenues rose 6.9% from the year-earlier quarter to nearly 249 billion pesos, with service revenues climbing 8.1%. The increase in peso terms reflects the appreciation relative to the prior quarter of the Mexican peso vs. most of its other operating currencies. At constant exchange rates, service revenues were up 4.2% year-on-year, their best performance in ten quarters, driven by mobile data revenues, up 21.8%. 

 

Mexico and the South American block—particularly Colombia, Argentina, Chile, and Peru—were the main forces behind the strong expansion of service revenues.All operations, save one, presented ARPU increases relative to the year-earlier-quarter. 

 

Second quarter EBITDA was up 13.7% year-on-year to 69.4 billion pesos. At constant exchange rates, EBITDA shot up 10.4%, marking its strongest climb in the last five years. In several instances, as the revenue base has been rebuilt the impact on EBITDA has been proportionately greater.

 

Substantially all our operations observed sequential increases in EBITDA, with very significant moves in Peru, 14.4%; Chile, 10.7%; and Argentina, 7.5%. In Europe, Mexico and Colombia the quarter-over-quarter rise was 5.8%, 2.7% and 1.9% respectively. 

 

The EBITDA margin stood at 27.8%, up 0.7 percentage points from the prior quarter and up 1.7 percentage points from the year-earlier quarter. EBITDA margins increased sequentially in all our operations save for the Caribbean, which had a slight decline. 

 

Our operating profit increased almost 21% from the year-earlier quarter to 31.2 billion pesos. After our comprehensive financing cost of 13.3 billion pesos, it helped bring about a net profit of 14.3 billion pesos in the second quarter, up 86%. 

 

 
 

 

América Móvil’s Income Statement (IFRS) Millions of Mexican pesos
  2Q17  2Q16  Var.%  Jan-Jun 17  Jan-Jun 16  Var.% 
Service Revenues  215,931  199,808  8.1%  447,207  394,111  13.5% 
Equipment Revenues  33,498  33,575  -0.2%  66,379  62,257  6.6% 
Total Revenues  249,429  233,383  6.9%  513,586  456,368  12.5% 
Cost of Service  79,568  75,145  5.9%  167,364  147,590  13.4% 
Cost of Equipment  39,693  41,427  -4.2%  79,804  77,484  3.0% 
Selling, General & Administrative Expenses  59,337  54,238  9.4%  122,366  105,405  16.1% 
Others  1,468  1,591  -7.7%  3,185  3,172  0.4% 
Total Costs and Expenses  180,066  172,400  4.4%  372,720  333,651  11.7% 
EBITDA  69,363  60,983  13.7%  140,866  122,717  14.8% 
% of Total Revenues  27.8%  26.1%    27.4%  26.9%   
Depreciation & Amortization  38,201  35,224  8.4%  79,341  68,917  15.1% 
EBIT  31,162  25,758  21.0%  61,525  53,801  14.4% 
% of Total Revenues  12.5%  11.0%    12.0%  11.8%   
Net Interest Expense  6,658  7,241  -8.0%  13,813  14,188  -2.6% 
Other Financial Expenses  4,727  -6,396  173.9%  4,334  5,516  -21.4% 
Foreign Exchange Loss  1,869  11,826  -84.2%  -35,260  13,665  -358.0% 
Comprehensive Financing Cost (Income)  13,254  12,671  4.6%  -17,114  33,369  -151.3% 
Income & Deferred Taxes  2,645  4,547  -41.8%  26,652  6,770  293.7% 
 
Net Income before Minority             
Interest and Equity Participation in Results  15,264  8,540  78.7%  51,987  13,661  280.5% 
of Affiliates             
 
Equity Participation in Results of Affiliates  -5  33  -113.8%  26  70  -62.2% 
Minority Interest  -946  -873  -8.4%  -1,845  -1,233  -49.7% 
Net Income  14,313  7,700  86%  50,168  12,499  301.4% 
n.m. Not meaningful             

 

 

 
 

 

Balance Sheet (in accordance with IFRS) - América Móvil Consolidated Millions of Mexican Pesos
  Jun '17  Dec '16  Var.%    Jun '17  Dec '16  Var.% 
Current Assets        Current Liabilities       
Cash, Marketable               
Securities & Other Short  70,319  78,076  -9.9%  Short Term Debt*  57,473  82,607  -30.4% 
Term Ivestments               
Accounts Receivable  178,986  206,684  -13.4%  Accounts Payable  276,473  321,881  -14.1% 
        Other Current       
Other Current Assets  24,291  20,279  19.8%    74,188  65,515  13.2% 
        Liabilities       
Inventories  33,060  36,871  -10.3%    408,133  470,003  -13.2% 
  306,656  341,909  -10.3%         
 
Non Current Assets        Non Current Liabilities       
Plant & Equipment  615,503  701,190  -12.2%  Long Term Debt  563,605  625,194  -9.9% 
Investments in Affiliates  3,169  3,603  -12.1%  Other Liabilities  144,017  148,821  -3.2% 
          707,623  774,015  -8.6% 
Deferred Assets               
Goodwill (Net)  146,127  152,633  -4.3%         
Intangible Assets  109,709  128,598  -14.7%  Shareholder's Equity  235,732  271,024  -13.0% 
Deferred Assets  170,323  187,109  -9.0%         
 
        Total Liabilities
and Equity		      
Total Assets  1,351,488  1,515,042  -10.8%  1,351,488  1,515,042  -10.8% 
             
*Includes current portion of Long Term Debt.

 

We continued our efforts to reduce our leverage, with a net debt reduction of 27.0 billion pesos—in cash flow terms—in the second quarter. Our outstanding debt has come down from 629.7 billion pesos in the December to 550.8 billion pesos in June, a 12.5%decrease that reflects first and foremost our debt reduction efforts, but also the appreciation of the Mexican peso vs. other currencies in the period. Our net debt to EBITDA ratio stood at 1.9.x at the end of June, after accounting for our derivatives position and the equity credit on our hybrid bonds.

 

Our capital expenditures totaled 51.0 billion pesos in the first half of the year, whereas our acquisitions reached 3.6 billion pesos. After adjusting for dividends received from KPN, net shareholder distributions totaled 734 million pesos in the period, mostly by way of share buy-backs.

 

 

 

 

 
 

 

 

 

Financial Debt of América Móvil* Millions     
  Jun -17  Dec -16 
Peso - denominated debt (MxP)  76,869  87,527 
Bonds and other securities  72,558  72,416 
Banks and others  4,311  15,111 
U.S. Dollar - denominated debt (USD)  10,622  10,656 
Bonds and other securities  9,936  9,936 
Banks and others  687  720 
Euro - denominated Debt (EUR)  12,525  13,867 
Bonds and other securities  12,448  13,845 
Banks and others  77  23 
Sterling - denominated Debt (GBP)  2,750  2,750 
Bonds and other securities  2,750  2,750 
Reais - denominated Debt (BRL)  2,365  545 
Bonds and other securities  1,000  0 
Banks and others  1,365  545 
Debt denominated in other currencies (MxP)  21,068  23,195 
Bonds and other securities  20,983  23,069 
Banks and others  85  126 
Total Debt (MxP)  621,078  707,801 
Cash, Marketable Securities and Short Term Financial  70,319  78,076 
Investments (MxP)     
Net Debt (MxP)  550,759  629,726 

*This table does not include the effect of forwards and derivatives used to hedge the foreign exchange exposure. The debt figures include the face value amount of the outstanding América Móvil hybrid bonds (1,450M euros and 550M sterling), but do not include the TKA hybrid bond (600M euros).

 

Mexico

 

After net additions of 157 thousand in the quarter—all postpaid—we closed June with 73 million wireless subscribers, practically flat compared to the prior year. Our postpaid subscriber base was up 6.4% year-on-year. On the fixed-line segment, RGUs were up 1.3% to 22.0 million buoyed by broadband accesses that increased 4.0%.

 

Second quarter revenues totaled 65.9 billion pesos and were up 3.8% sequentially and 1.1% year-on-year. Mobile service revenues were the main driver of revenue growth, expanding 5.7% over the prior quarter and 7.3% annually, their best performance in over a year, as mobile data revenues shot up 7.9% in the quarter and 22.7% year-on-year. Prepaid revenues continued to recover from the sharp reduction seen in the first half of 2016 with the introduction of unlimited-call plans; voice revenues are now stable and data revenues are growing well. 

 

ARPU stood at 137 pesos in the quarter, 7.5% higher than a year before. Sequentially it was up 5.8% driven mostly by prepaid. MOUs— already the highest in the region— kept rising to 477 minutes, a 13.6% year-on-year increase. MBOUs almost doubled in the period to 865 megabytes.

 Fixed-line revenues were down 3.4% pulled down by international long distance revenues, but fixed-data revenues expanded 3.6%.

 

EBITDA came in at 20.8 billion pesos, rising 2.7% over the first quarter. It was slightly down vs. the year-earlier quarter, 3.3%, but continued with its recovering trend. It was its best performance in over a year. The EBITDA margin stood at 31.6% of revenues, compared to 33.0% a year before.

 

 

 

 
 

 

INCOME STATEMENT (IFRS) - Mexico Millions of MxP
  2Q17  2Q16  Var.%  Jan - Jun 17  Jan - Jun 16  Var.% 
Total Revenues  65,858  65,118  1.1%  129,297  129,934  -0.5% 
Total Service Revenues  50,548  49,425  2.3%  99,897  100,630  -0.7% 
Wireless Revenues  43,520  41,876  3.9%  84,111  83,536  0.7% 
Service Revenues  29,963  27,913  7.3%  58,305  57,213  1.9% 
Equipment Revenues  13,431  13,712  -2.0%  25,474  25,330  0.6% 
Fixed Line and Other Revenues  24,251  25,115  -3.4%  49,037  49,948  -1.8% 
EBITDA  20,786  21,502  -3.3%  41,021  44,687  -8.2% 
% total revenues  31.6%  33.0%    31.7%  34.4%   
EBIT  13,366  14,842  -9.9%  26,289  31,576  -16.7% 
%  20.3%  22.8%    20.3%  24.3%   

*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)       
  2Q17  2Q16  Var.% 
Wireless Subscribers (thousands)  73,099  73,108  0.0% 
Postpaid  12,358  11,619  6.4% 
Prepaid  60,741  61,489  -1.2% 
MOU  477  420  13.6% 
ARPU (MxP)  137  127  7.5% 
Churn (%)  4.1%  4.6%  -0.4 
Revenue Generating Units (RGUs) *  22,012  21,722  1.3% 
Fixed Lines  12,758  12,826  -0.5% 
Broadband  9,254  8,896  4.0% 
* Fixed Line and Broadband.

 

Argentina, Paraguay and Uruguay

 

In the second quarter we added 84 thousand prepaid clients and disconnected 22 thousand postpaid clients, to finish the quarter with 23.9 million mobile clients, a 4.1% annual increase. Our fixed-RGUs, 644 thousand, were up 9.4% year-on-year, driven by PayTV accesses that expanded 17.1% in Paraguay.

 

Revenue growth re-accelerated in the second quarter, with strong sequential and annual increases in total revenues and mobile service revenues, with the latter´s rate of growth jumping to 38.5% from 28.9% in the first quarter. Mobile data revenues soared 18.3% sequentially and 73.3% year-on-year and undoubtedly were the main engine of growth.

On the fixed-line platform revenues decelerated to an annual pace of 18.4% from 26.0% the prior quarter, mostly on account of lower corporate network sales.

 

The re-acceleration of revenues had a comparable impact on our EBITDA, which at 4.2 billion Argentinean pesos climbed 34.7% from the year-earlier quarter, compared to 20.1% in the first quarter and 10.9% in the fourth one.  Quarter-over-quarter, was up 7.5%. The greater dynamism of revenues resulted in a 2.5 percentage points margin expansion. 

 

 

 
 

 

INCOME STATEMENT (IFRS) - Argentina, Paraguay & Uruguay Millions of ARP       
  2Q17  2Q16  Var.%  Jan - Jun 17  Jan - Jun 16  Var.% 
Total Revenues  11,794  9,410  25.3%  22,772  18,497  23.1% 
Total Service Revenues  9,161  6,943  31.9%  18,179  14,271  27.4% 
Wireless Revenues  11,074  8,818  25.6%  21,368  17,352  23.1% 
Service Revenues  9,232  6,667  38.5%  17,545  13,115  33.8% 
Equipment Revenues  1,826  2,145  -14.9%  3,794  4,226  -10.2% 
Fixed Line and Other Revenues  790  667  18.4%  1,550  1,277  21.4% 
EBITDA  4,217  3,131  34.7%  8,122  6,396  27.0% 
% total revenues  35.8%  33.3%    35.7%  34.6%   
EBIT  3,290  2,399  37.2%  6,305  4,983  26.5% 
%  27.9%  25.5%    27.7%  26.9%   
*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, Paraguay & Uruguay Operating Data (IFRS)       
  2Q17  2Q16  Var.% 
Wireless Subscribers (thousands)  23,910  22,976  4.1% 
Postpaid  2,446  2,504  -2.3% 
Prepaid  21,464  20,472  4.8% 
MOU  91  98  -7.0% 
ARPU (ARP)  128  98  30.6% 
Churn (%)  2.1%  2.2%  (0.1) 
Revenue Generating Units (RGUs) *  644  588  9.5% 
* Fixed Line, Broadband and Television

 

Brazil

 

We gained 124 thousand postpaid clients in the second quarter—twice as many as those added in the second quarter of the precedent year—and disconnected 89 thousand prepaid subs, to end June with 60.3 million subs. Our postpaid base rose 10.0% year-on-year. On the fixed-line front, RGUs ended the quarter at 36.0 million after a net reduction of 467 thousand units, approximately two thirds of which came from the disconnection of satellite PayTV clients.

 

Second quarter revenues came in at 8.8 billion reais, with service revenues declining 1.3% year-on-year dragged down by voice revenues on both the mobile and fixed-line platform. Altogether service revenues were up 1.4% on the mobile platform and down 2.1% on the fixed-line one. 

 

Mobile data revenues expanded significantly—26.4% year-on-year, up from 9.7% the prior quarter—while fixed-broadband and PayTV revenues decelerated slightly, to 6.7% and 1.0% respectively.

 

At 2.4 billion reais, EBITDA was up 1.5% year-on-year, with the EBITDA margin climbing 1.3 percentage-points from the year-earlier quarter, to 27.5%.

 

 

 
 

 

INCOME STATEMENT (IFRS) - Brazil Millions of BrL           
  2Q17  2Q16  Var.%  Jan - Jun 17  Jan - Jun 16  Var.% 
Total Revenues  8,793  9,084  -3.2%  17,698  18,038  -1.9% 
Total Service Revenues  8,633  8,751  -1.3%  17,402  17,453  -0.3% 
Wireless Revenues  2,826  2,946  -4.1%  5,711  5,952  -4.1% 
Service Revenues  2,654  2,616  1.4%  5,400  5,372  0.5% 
Equipment Revenues  160  332  -51.9%  295  581  -49.2% 
Fixed Line and Other Revenues  5,967  6,137  -2.8%  11,987  12,086  -0.8% 
EBITDA  2,415  2,379  1.5%  4,890  4,736  3.2% 
% total revenues  27.5%  26.2%    27.6%  26.3%   
EBIT  247  194  27.4%  527  340  54.7% 
%  2.8%  2.1%    3.0%  1.9%   
*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions.

 

Brazil Operating Data (IFRS)       
  2Q17  2Q16  Var.% 
Wireless Subscribers (thousands)  60,272  64,264  -6.2% 
Postpaid  18,639  16,952  10.0% 
Prepaid  41,633  47,313  -12.0% 
MOU  81  103  -21.6% 
ARPU (BrL)  15  13  9.1% 
Churn (%)  3.4%  3.7%  (0.3) 
Revenue Generating Units (RGUs) *  35,972  36,809  -2.3% 
* Fixed Line, Broadband and Television.

 

 

Chile

 

Our wireless subscriber base ended June with 6.8 million clients, 5.0% more than a year before, after net additions on the postpaid segment of 73 thousand. Fixed RGUs increased 5.3% relative to 2016, for the most part on account of a 15.5% expansion of broadband accesses.

 

Revenues continued on an improving trend, rising 13.1% year-on-year—and 4.7% sequentially—to reach 210 billion Chilean pesos as service revenues expanded 11% on the mobile and 9.0% on fixed-line platform. 

 

Mobile and fixed data revenues led the way, climbing in the second quarter 25.7% and 20.2% respectively, compared to 16.5% and 15.1% the prior one.

 

At 29.7 billion Chilean pesos, EBITDA soared 115% year-on-year—and 10.7% over the quarter. The EBITDA margin, 14.2%, was up nearly seven percentage points in the quarter.

 

 

 
 

 

INCOME STATEMENT (IFRS) - Chile Millions of ChPL
  2Q17  2Q16  Var.%  Jan - Jun 17  Jan - Jun 16  Var.% 
Total Revenues  210,078  185,718  13.1%  410,767  366,424  12.1% 
Total Service Revenues  186,387  167,702  11.1%  365,567  333,724  9.5% 
Wireless Revenues  139,106  121,934  14.1%  270,878  240,152  12.8% 
Service Revenues  115,403  104,005  11.0%  225,780  206,865  9.1% 
Equipment Revenues  23,691  18,016  31.5%  45,200  32,700  38.2% 
Fixed Line and Other Revenues  77,495  69,355  11.7%  152,607  137,403  11.1% 
EBITDA  29,730  13,854  114.6%  56,588  27,127  108.6% 
% total revenues  14.2%  7.5%    13.8%  7.4%   
EBIT  -22,794  -38,909  41.4%  -49,699  -78,414  36.6% 
%  -10.9%  -21.0%    -12.1%  -21.4%   

*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)       
  2Q17  2Q16  Var.% 
Wireless Subscribers (thousands)  6,798  6,476  5.0% 
Postpaid  1,746  1,482  17.8% 
Prepaid  5,052  4,993  1.2% 
MOU  153  142  7.4% 
ARPU (ChP)  5,826  5,452  6.9% 
Churn (%)  5.3%  5.5%  (0.3) 
Revenue Generating Units (RGUs) *  1,351  1,283  5.3% 
* Fixed Line, Broadband and Television.

 

 

Colombia

 

We ended June with 29.2 million wireless subscribers after adding 72 thousand clients in the quarter, all of which were postpaid. Our postpaid base increased 7.7% from the year before to 6.6 million subscribers. On the fixed-line side, our fixed RGUs were up 8.8%, with landlines and broadband expanding 12.7% and 10.3%, respectively.

 

Revenues rose 4.5% year-on-year in the second quarter to 2,811 billion Colombian pesos.  Service revenue growth continued posting sequential improvements, expanding at a 6.1% pace, up from 2.1% the previous quarter and -4.3% a year before.  

 

On the mobile platform service revenues increased 4.9% led by data revenues, up 17.4%; those on the fixed platform surged 13.2% in a broad based expansion: voice revenues climbed 12.3%, data revenues 10.8% and PayTV revenues 17.7%. 

 

EBITDA soared 16.6% from the year-earlier quarter to reach 1,117 billion Colombian pesos. Relative to revenues, the margin came in at 39.7%, which implies a 4.1 percentage-points increase relative to the prior year.

 

 

 
 

 

INCOME STATEMENT (IFRS) - Colombia Billions of COP
  2Q17  2Q16  Var.%  Jan - Jun 17  Jan - Jun 16  Var.% 
Total Revenues  2,811  2,689  4.5%  5,572  5,400  3.2% 
Total Service Revenues  2,267  2,137  6.1%  4,528  4,352  4.0% 
Wireless Revenues  2,036  1,973  3.2%  4,048  3,988  1.5% 
Service Revenues  1,480  1,411  4.9%  2,987  2,913  2.5% 
Equipment Revenues  537  545  -1.4%  1,032  1,033  -0.2% 
Fixed Line and Other Revenues  831  744  11.7%  1,636  1,460  12.0% 
EBITDA  1,117  957  16.6%  2,213  1,936  14.3% 
% total revenues  39.7%  35.6%    39.7%  35.9%   
EBIT  648  519  24.8%  1,280  1,065  20.2% 
%  23.1%  19.3%    23.0%  19.7%   

*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.

 

Colombia Operating Data (IFRS)       
  2Q17  2Q16  Var.% 
Wireless Subscribers* (thousands)  29,225  28,260  3.4% 
Postpaid  6,553  6,083  7.7% 
Prepaid  22,672  22,177  2.2% 
MOU  195  209  -6.9% 
ARPU (COP)  16,815  16,557  1.6% 
Churn (%)  4.3%  4.4%  (0.1) 
Revenue Generating Units (RGUs)**  6,590  6,055  8.8% 

*Due to differences in the policy for accounting active subscribers, the figures in this report are different from those published by the Ministry of Communications of Colombia (MinTIC).** Fixed Line, Broadband and Television **Fixed Line, Broadband and  Television.

 

 

Ecuador

 

 

Having gained 51 thousand subscribers in the second quarter—split almost evenly between postpaid and prepaid—we ended the quarter with 8.8 million subscribers, slightly less, 0.5%, than a year before. On our fixed-broadband and PayTV platforms increased 8.6% and 1.9% year-on-year respectively.

 

Revenues were down 8.8% to 332 million dollars. Service revenues fell 9.2% year-on-year, a continuous sequential improvement from previous quarters as mobile data revenues increased 1.7% annually. On the other hand, fixed revenues showed an impressive momentum having increased by 41.5% in one year strengthened by wireline data and PayTV. 

 

Second quarter EBITDA totaled 127 million dollars or 38.2% of revenues.

 

 

 

 
 

 

INCOME STATEMENT (IFRS) - Ecuador Millions of Dollars
  2Q17  2Q16  Var.%  Jan - Jun 17  Jan - Jun 16  Var.% 
Total Revenues  332  364  -8.8%  666  729  -8.7% 
Total Service Revenues  283  312  -9.2%  568  631  -10.1% 
Wireless Revenues  311  349  -10.9%  625  699  -10.6% 
Service Revenues  264  297  -11.4%  529  602  -12.1% 
Equipment Revenues  48  52  -7.7%  96  97  -1.3% 
Fixed Line and Other Revenues  21  15  41.5%  41  30  35.3% 
EBITDA  127  151  -16.0%  253  304  -16.6% 
% total revenues  38.2%  41.5%    38.1%  41.7%   
EBIT  75  99  -25.0%  149  200  -25.5% 
%  22.4%  27.3%    22.4%  27.4%   

*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions.
    We merged the fixed and mobile companies in 4Q16, 2Q16 figures were adjusted for comparison purposes

 

Ecuador Operating Data (IFRS)       
  2Q17  2Q16  Var.% 
Wireless Subscribers (thousands)  8,822  8,864  -0.5% 
Postpaid  2,480  2,650  -6.4% 
Prepaid  6,342  6,214  2.0% 
MOU  292  213  37.2% 
ARPU (US$)  10  11  -11.9% 
Churn (%)  3.5%  3.2%  0.4 
Revenue Generating Units (RGUs) *  359  354  1.3% 
* Fixed Line, Broadband and Television.

 

 

Peru

 

Peru ended June with 12.1 million wireless subscribers, 1.0% more than the year before, after net additions of 111 thousand prepaid clients. In addition, our 1.4 million fixed-line RGUs dropped 3.3% compared to the year before, principally related to the disconnection of satellite TV clients.

 

At 1.3 billion soles, second quarter revenues were up 5.8% over the year-earlier quarter, with mobile service revenues expanding 7.4% on the back of 24.6% mobile data growth. 

 

Fixed-line service revenues declined 1.4% as long distance revenues fell 31.1%, mostly reflecting migration of fixed line traffic to mobiles.

 

EBITDA jumped 14.4% sequentially and 51.4% year-on-year to 318 million soles, as the EBITDA margin climbed from 16.5% to 23.7%. With new spectrum available and a top-of-the line mobile network, Claro Peru has been able to provide more data services to its clients, with the corresponding impact on its top line and profitability.

 

 

 
 

 

INCOME STATEMENT (IFRS) - Peru Millions of Soles
  2Q17  2Q16  Var.%  Jan - Jun 17  Jan - Jun 16  Var.% 
Total Revenues  1,344  1,270  5.8%  2,688  2,542  5.7% 
Total Service Revenues  1,166  1,106  5.4%  2,331  2,233  4.4% 
Wireless Revenues  1,136  1,059  7.2%  2,267  2,123  6.8% 
Service Revenues  947  882  7.4%  1,888  1,794  5.2% 
Equipment Revenues  177  163  9.1%  355  306  16.1% 
Fixed Line and Other Revenues  208  211  -1.4%  421  420  0.3% 
EBITDA  318  210  51.4%  596  465  28.0% 
% total revenues  23.7%  16.5%    22.2%  18.3%   
EBIT  130  38  242.0%  226  128  76.3% 
%  9.7%  3.0%    8.4%  5.0%   
*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions.

 

Peru Operating Data (IFRS)       
  2Q17  2Q16  Var.% 
Wireless Subscribers (thousands)  12,071  11,954  1.0% 
Postpaid  4,062  4,130  -1.7% 
Prepaid  8,009  7,824  2.4% 
MOU  202  166  21.6% 
ARPU (Sol)  26  24  7.5% 
Churn (%)  5.5%  5.6%  (0.1) 
Revenue Generating Units (RGUs) *  1,426  1,475  -3.3% 
* Fixed Line, Broadband and Television

 

 

Central America

 

In the second quarter we added 207 thousand mobile clients and 112 thousand fixed-line RGUs to finish June with 21.1 million accesses, an increase of 1.5% in the quarter and 0.6% in the year. Fixed RGUs expanded 7.9% compared to a year before and reached 5.6 million; growth was driven by broadband accesses, up 16.3% year-on-year. 

 

Revenues of 577 million dollars were up 2.4% year-on-year, with service revenues rising 1.5% driven by data revenue growth—expanding 12.3% on the fixed platform and 10.1% on the mobile. PayTV revenues were up 5.1% year-on-year, while wireless voice revenues declined 4.9%.

 

The quarter’s EBITDA of 204 million dollars was 4.6% higher than a year before. At 35.3% of revenues, the EBITDA margin was slightly better as well. 

 

 

 
 

 

INCOME STATEMENT (IFRS) - Central America Millions of Dollars
  2Q17  2Q16  Var.%  Jan - Jun 17  Jan - Jun 16  Var.% 
Total Revenues  577  564  2.4%  1,145  1,115  2.7% 
Total Service Revenues  532  524  1.5%  1,056  1,042  1.4% 
Wireless Revenues  380  382  -0.4%  760  756  0.6% 
Service Revenues  343  341  0.6%  685  681  0.6% 
Equipment Revenues  37  39  -4.6%  74  72  2.9% 
Fixed Line and Other Revenues  199  186  7.2%  391  367  6.6% 
EBITDA  204  195  4.6%  399  386  3.3% 
% total revenues  35.3%  34.6%    34.8%  34.7%   
EBIT  76  59  28.5%  140  115  21.9% 
%  13.1%  10.5%    12.2%  10.3%   

*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 Operating Data (IFRS)       
  2Q17  2Q16  Var.% 
Wireless Subscribers (thousands)  15,499  15,773  -1.7% 
Postpaid  2,326  2,305  0.9% 
Prepaid  13,174  13,468  -2.2% 
MOU  164  167  -1.7% 
ARPU (US$)  8  7  2.4% 
Churn (%)  6.4%  6.1%  0.3 
Revenue Generating Units (RGUs) *  5,591  5,183  7.9% 
* Fixed Line, Broadband and Television.

 

 

Caribbean

 

Net additions in the second quarter came in at 43 thousand subs, 61.0% more than in the prior quarter mostly on improvements in Dominican Republic, to finish the quarter with 5.6 million wireless subscribers, 3.3% more than a year before. The growth rate on the postpaid base was 5.4% after 20 thousand new contract clients. Fixed-RGUs of 2.7 million were 4.4% greater than a year before with PayTV clients growing 13.0%.

 

The quarter’s revenues, 480 million dollars, declined 2.3% relative to the prior year as a result of a contraction in voice revenues in the Dominican Republic. Fixed data revenues showed signs of stable growth in both countries but failed to compensate the decline in voice revenues.

 

Second quarter EBITDA was up 3.7% over the year to 156 million dollars. The EBITDA margin was 32.5% of revenues up from 30.7% a year before.

 

 

 
 

 

 

INCOME STATEMENT (IFRS) - Caribbean Millions of Dollars
  2Q17  2Q16  Var.%  Jan - Jun 17  Jan - Jun 16  Var.% 
Total Revenues  480  491  -2.3%  958  974  -1.7% 
Total Service Revenues  421  432  -2.4%  843  865  -2.5% 
Wireless Revenues  272  278  -2.2%  542  550  -1.5% 
Service Revenues  218  224  -2.9%  437  450  -3.0% 
Equipment Revenues  55  55  0.4%  107  102  5.4% 
Fixed Line and Other Revenues  207  212  -2.4%  416  424  -1.9% 
EBITDA  156  150  3.7%  312  298  4.6% 
% total revenues  32.5%  30.7%    32.5%  30.6%   
EBIT  91  81  12.4%  180  148  21.7% 
%  18.9%  16.4%    18.8%  15.2%   

*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. 2Q16 figures have been adjusted to incorporate accounting changes in equipment revenues in Puerto Rico.

 

Caribbean Operating Data (IFRS)       
  2Q17  2Q16  Var.% 
Wireless Subscribers (thousands)  5,551  5,373  3.3% 
Postpaid  1,831  1,738  5.4% 
Prepaid  3,720  3,634  2.3% 
MOU  263  282  -6.9% 
ARPU (US$)  13  14  -6.7% 
Churn (%)  3.5%  3.7%  (0.0) 
Revenue Generating Units (RGUs) *  2,716  2,601  4.4% 
* Fixed Line, Broadband and Television.

 

 

United States

 

We ended the quarter with 24.1 million subscribers—4.8% below the year-earlier quarter—after net disconnections of 636 thousand subs, resulting from a cleanup of our base, from increased competition in the segment and from seasonal effects.

 

Our second quarter revenues totaled 1.9 billion dollars; they were up 8.8% year-on-year, with equipment revenues jumping 20.8% and service revenues rising 7.1%, mostly on the back of data services that increased almost twice as fast.

 

EBITDA nearly tripled from the year-earlier quarter to 211 million dollars, as the EBITDA margin expanded by 6.6 percentage points, to 10.9%.

 

Our financials reflect the consolidation of Walmart Family Mobile’s figures from August, 2016. Adjusting for that, revenues would have risen 4.7% over the year and EBITDA would have trebled.

 

 

 
 

 

INCOME STATEMENT (IFRS) - United States Millions of Dollars         
  2Q17  2Q16  Var.%  Jan - Jun 17  Jan - Jun 16  Var.% 
Total Revenues  1,931  1,775  8.8%  3,916  3,530  10.9% 
Service Revenues  1,674  1,563  7.1%  3,428  3,129  9.6% 
Equipment Revenues  256  212  20.8%  487  402  21.3% 
EBITDA  211  77  174.5%  422  239  76.8% 
% total revenues  10.9%  4.3%    10.8%  6.8%   
EBIT  193  66  194.4%  389  216  79.8% 
%  10.0%  3.7%    9.9%  6.1%   

 

United States Operating Data (IFRS)       
  2Q17  2Q16  Var.% 
Wireless Subscribers (thousands)  24,109  25,321  -4.8% 
MOU  524  496  5.6% 
ARPU (US$)  23  21  10.6% 
Churn (%)  4.4%  4.3%  0.1 

 

 

Telekom Austria Group

 

Our second quarter revenues increased 4.0% from the year-earlier quarter to reach 1.1 billion euros, as service revenues expanded 2.8%. Mobile service revenues, which account for 55% of the total, were up 0.8%, whereas fixed revenues increased 6.5%. 

 

EBITDA came in at 359 million euros. It was up 5.8% quarter-over-quarter and 7.8% year-over-year, with the EBITDA margin climbing 1.2 percentage points from the year-earlier quarter to 33.2%.

 

 

INCOME STATEMENT (IFRS) - Telekom Austria Group - Proforma Millions of Euros
  2Q17  2Q16  Var.%  Jan - Jun 17  Jan - Jun 16  Var.% 
Total Revenues  1,083  1,041  4.0%  2,142  2,059  4.0% 
Total Service Revenues  966  940  2.8%  1,922  1,861  3.3% 
Wireless Revenues  663  647  2.5%  1,307  1,276  2.5% 
Service Revenues  536  532  0.8%  1,060  1,052  0.8% 
Equipment Revenues  105  94  11.6%  202  184  9.6% 
Fixed Line and Other Revenues  420  394  6.5%  835  783  6.6% 
EBITDA  359  333  7.8%  699  671  4.2% 
% total revenues  33.2%  32.0%    32.6%  32.6%   
EBIT  146  116  25.8%  273  236  15.7% 
%  13.5%  11.2%    12.7%  11.5%   

*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions;
    For further detail please visit www.telekomaustria.com/en/investor-relations

 

 
 

 

 

Telekom Austria Group Operating Data (IFRS) - Proforma       
  2Q17  2Q16  Var.% 
Wireless Subscribers (thousands)  20,677  20,482  1.0% 
Postpaid  15,140  14,845  2.0% 
Prepaid  5,537  5,637  -1.8% 
MOU  307  309  -0.6% 
ARPU (Euros)  9  9  0.0% 
Churn (%)  1.9%  1.8%  0.0 
Revenue Generating Units (RGUs) *  5,899  5,903  -0.1% 
*Fixed Line, Broadband and Television.

 

 

 

 
 

 

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. 
 
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. 
 
 
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. 
 
LTE   Long-term evolution is a 4th generation standard for wireless communication of high-speed data for mobile phones and data terminals.
 
Market   
share   A company’s subscriber base divided by the total number of subscribers in that country. 
 
MBOU  

Megabytes of Use per subscriber. The ratio of wireless data in a given period to the average number of wireless subscribers in that same period. It is pre-sented on a monthly basis. 

 
 
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 pre-sented 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. 
 
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. 

 

 

 

 
 

 

 

Exchange Rates Local Currency Units per USD
  2Q17  2Q16  Var.%  Jan - Jun 17  Jan - Jun 16  Var.% 
Mexico             
EoP  17.90  18.91  -5.4%  17.90  18.91  -5.4% 
Average  18.59  18.04  3.0%  19.50  18.04  8.1% 
Brazil             
EoP  3.31  3.21  3.1%  3.31  3.21  3.1% 
Average  3.22  3.51  -8.4%  3.18  3.71  -14.2% 
Argentina             
EoP  16.63  15.04  10.6%  16.63  15.04  10.6% 
Average  15.72  14.22  10.6%  15.70  14.33  9.5% 
Chile             
EoP  664  661  0.4%  664  661  0.4% 
Average  664  677  -1.9%  660  689  -4.3% 
Colombia             
EoP  3,038  2,916  4.2%  3,038  2,916  4.2% 
Average  2,921  2,994  -2.4%  2,921  3,124  -6.5% 
Guatemala             
EoP  7.34  7.64  -4.0%  7.34  7.64  -4.0% 
Average  7.34  7.68  -4.4%  7.39  7.68  -3.8% 
Honduras             
EoP  23.61  22.95  2.9%  23.61  22.95  2.9% 
Average  23.62  22.80  3.6%  23.67  22.76  4.0% 
Nicaragua             
EoP  30.04  28.61  5.0%  30.04  28.61  5.0% 
Average  29.86  28.44  5.0%  29.68  28.27  5.0% 
Costa Rica             
EoP  580  554  4.6%  580  554  4.6% 
Average  575  545  5.5%  570  544  4.8% 
Peru             
EoP  3.26  3.29  -1.1%  3.26  3.29  -1.1% 
Average  3.26  3.32  -1.7%  3.28  3.39  -3.2% 
Paraguay             
EoP  5,560  5,589  -0.5%  5,560  5,589  -0.5% 
Average  5,578  5,614  -0.6%  5,615  5,705  -1.6% 
Uruguay             
EoP  28.50  30.62  -6.9%  28.50  30.62  -6.9% 
Average  28.31  31.27  -9.5%  28.41  31.41  -9.5% 
Dominican Republic             
EoP  47.57  45.97  3.5%  47.57  45.97  3.5% 
Average  47.47  45.90  3.4%  47.27  45.82  3.2% 
Austria & CEE             
EoP  0.88  0.90  -2.8%  0.88  0.90  -2.8% 
Average  0.94  0.89  6.0%  0.92  0.90  3.1% 

 

 

 
 

 

 

Exchange Rates Local Currency Units per MxP
  2Q17  2Q16  Var.%  Jan - Jun 17  Jan - Jun 16  Var.% 
USA             
EoP  0.06  0.05  5.7%  0.06  0.05  5.7% 
Average  0.05  0.06  -2.9%  0.05  0.06  -7.5% 
Brazil             
EoP  0.18  0.17  8.9%  0.18  0.17  8.9% 
Average  0.17  0.19  -11.1%  0.16  0.21  -20.6% 
Argentina             
EoP  0.93  0.80  16.8%  0.93  0.80  16.8% 
Average  0.85  0.79  7.3%  0.80  0.79  1.3% 
Chile             
EoP  37.1  35.0  6.1%  37.1  35.0  6.1% 
Average  35.7  37.5  -4.8%  33.8  38.2  -11.5% 
Colombia             
EoP  170  154  10.1%  170  154  10.1% 
Average  157  166  -5.3%  150  173  -13.5% 
Guatemala             
EoP  0.41  0.40  1.5%  0.41  0.40  1.5% 
Average  0.39  0.43  -7.2%  0.38  0.43  -11.0% 
Honduras             
EoP  1.32  1.21  8.7%  1.32  1.21  8.7% 
Average  1.27  1.26  0.5%  1.21  1.26  -3.8% 
Nicaragua             
EoP  1.68  1.51  10.9%  1.68  1.51  10.9% 
Average  1.61  1.58  1.9%  1.52  1.57  -2.9% 
Costa Rica             
EoP  32.40  29.31  10.6%  32.40  29.31  10.6% 
Average  30.95  30.21  2.4%  29.23  30.14  -3.0% 
Peru             
EoP  0.18  0.17  4.5%  0.18  0.17  4.5% 
Average  0.18  0.18  -4.6%  0.17  0.19  -10.5% 
Paraguay             
EoP  311  296  5.1%  311  296  5.1% 
Average  300  311  -3.6%  288  316  -8.9% 
Uruguay             
EoP  1.59  1.62  -1.7%  1.59  1.62  -1.7% 
Average  1.52  1.73  -12.1%  1.46  1.74  -16.3% 
Dominican Republic             
EoP  2.66  2.43  9.3%  2.66  2.43  9.3% 
Average  2.55  2.54  0.4%  2.42  2.54  -4.6% 

 

 

 
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 19, 2017
 
 
AMÉRICA MÓVIL, S.A.B. DE C.V.
By: 
/S/ Carlos José García Moreno Elizondo
  Name:
Title:
Carlos José García Moreno Elizondo
Attorney-in-fact