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America Movil adds 7.4 million subscribers during the second quarter of 2005

News , August 15, 2005

Latin American mobile operator America Movil has added 7.4 million subscribers during the second quarter of 2005. The company's net profits reached 7.89 billion pesos (about $742 million) for the quarter, an increase of 147.5 per cent over the same period last year. Earnings before interest, tax, depreciation and amortisation were up 9.9 per cent over the same period to reach 11.8 billion pesos. The company has aggressively expanded by acquisition throughout Latin America in the last few years, and reported that its fastest growth had come in Colombia, where it added a net 2.2 million new subscribers. It also added 1.9 million subscribers in Brazil, 1.7 million in Mexico, and 824,000 in Argentina.

 
 

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