Company Description
América Móvil, S.A.B. de C.V. (NYSE: AMX) is a telecommunications company that provides services across multiple countries. According to its SEC filings, América Móvil offers telecommunications services in 23 countries and is described as a leading telecommunications service provider in Latin America, ranking first in wireless, fixed-line, broadband and pay TV services based on the number of revenue generating units (RGUs). Its American Depositary Shares (ADSs) listed as AMX represent interests in its Series B shares.
América Móvil reports that its largest operations are in Mexico and Brazil, which together account for over half of its total RGUs and where it has the largest market share based on RGUs. The company operates in 16 countries in the Americas and seven countries in Central and Eastern Europe. As of June 30, 2025, it reported 325.7 million wireless voice and data subscriptions and 78.5 million fixed RGUs, and as of September 2025 it disclosed 328.8 million wireless lines and 78.9 million fixed access lines across its footprint.
The company’s securities trade on the Mexican Stock Exchange (BMV: AMX) and on the New York Stock Exchange (NYSE: AMX, AMOV). América Móvil files annual reports on Form 20-F and periodic reports on Form 6-K with the U.S. Securities and Exchange Commission as a foreign private issuer. These filings provide detailed information on its operations, financial performance and capital structure.
Business model and services
In its SEC disclosures, América Móvil explains that it generates revenue by providing telecommunications services to customers who purchase one or more services, each counted as a revenue generating unit. Wireless subscriptions include prepaid and postpaid voice and data services. Fixed RGUs consist of fixed voice, fixed data and pay TV units, and may also include certain other digital services.
The company operates under different brands in various regions. In Mexico, its principal brands are Telcel for wireless voice and data services and Telmex Infinitum for fixed voice and fixed data. In Europe, it operates primarily under the A1 brand, offering wireless voice, wireless data, fixed voice, fixed data, pay TV and related equipment and accessories. In many other markets in Latin America and the Caribbean, it operates under the Claro brand for wireless and wireline services.
América Móvil’s consolidated operations include wireless and fixed-line businesses. As of September 2025, its subsidiaries included Telcel and Telmex in Mexico, and the Claro brand in countries such as Argentina, Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Puerto Rico and Uruguay. In Austria and parts of Eastern Europe, it operates through A1 and related entities and also reports tower activities through EuroTeleSites.
Geographic footprint and scale
According to its Form 6-K filings, América Móvil provides telecommunications services in Mexico, Brazil, Colombia, Argentina, Chile, Paraguay, Uruguay, Ecuador, Peru, several Central American countries (including Costa Rica, El Salvador, Guatemala, Honduras and Nicaragua), the Dominican Republic, Puerto Rico and a group of European countries (Austria, Belarus, Bulgaria, Croatia, North Macedonia, Serbia and Slovenia). The company notes that Mexico and Brazil together represent more than half of its total RGUs.
As of December 31, 2023, América Móvil reported 310 million wireless subscribers and 83.8 million fixed RGUs in Latin America and Europe. As of December 31, 2024, it reported 323 million wireless subscribers and 78 million fixed RGUs in Latin America and Europe. These figures illustrate the large scale of its operations across both mobile and fixed-line platforms.
Access lines and subscriber base
In its third quarter 2025 results, América Móvil disclosed that it had 407.6 million total accesses at the end of September 2025, of which 140 million were postpaid clients and 79 million were fixed-line RGUs. It reported that its postpaid base increased year-over-year and that broadband accesses also grew over the same period.
The company provided detailed breakdowns of wireless subscribers and fixed-line and other accesses by country. As of September 2025, it reported wireless subscribers in Argentina, Brazil, Colombia, Mexico, Peru, a Southern Cone grouping (including Chile, Paraguay and Uruguay), Central America, the Caribbean, and a European segment (Austria and Eastern Europe). It also reported fixed-line and other accesses in these regions, including broadband accesses, voice lines and pay TV units.
Capital markets activity and financing
América Móvil regularly accesses international capital markets. Its Form 6-K filings describe various senior notes and debentures issued in multiple currencies, with different maturities and interest rate structures. For example, in June 2025 the company entered into a ninth supplemental indenture relating to 5.000% senior notes due 2033, and in November 2025 it filed an additional notes supplement relating to 10.300% senior notes due 2034 and 10.125% senior notes due 2029. It has also issued bonds in euros and other currencies, including a 650 million euro bond with a 3% coupon in September 2025, with proceeds directed to the payment of short-term debt under its euro commercial paper program.
The company’s filings provide detailed information on its debt profile, including domestic senior notes, fixed-rate senior notes in various currencies and debentures indexed to local benchmarks. These instruments form part of its broader financing strategy as disclosed in its SEC reports.
Corporate structure and brands
América Móvil is organized as a sociedad anónima bursátil de capital variable under the laws of Mexico. It reports that its consolidated group includes telecommunications operators and related entities in Latin America and Europe. Its subsidiaries operate under brand names such as Telcel and Telmex in Mexico, Claro in much of Latin America and the Caribbean, and A1 in Europe.
The company also reports equity interests in related entities and tower companies, including EuroTeleSites in Europe. Its filings describe related-party relationships and investments in other groups, as well as its role in corporate networks and IT projects within its fixed-line segment.
Regulatory reporting and investor information
As a foreign private issuer with securities listed on the NYSE and BMV, América Móvil files annual reports on Form 20-F and interim reports on Form 6-K with the SEC. These documents include operating and financial reviews, condensed consolidated financial information, risk factor discussions and descriptions of its business segments and geographic operations.
In May 2024 and May 2025, América Móvil announced the filing of its annual reports for the fiscal years ended December 31, 2023 and December 31, 2024, respectively, with the SEC, the Mexican National Banking and Securities Commission and the Mexican Stock Exchange. The company notes that English versions of its annual reports are available through the SEC and its own channels, and that shareholders may request hard copies of its complete financial statements free of charge.
Relationship with Claro Enterprise Solutions
Several news releases describe Claro Enterprise Solutions as a single-source IT solutions provider backed by América Móvil. These releases state that Claro Enterprise Solutions is supported by América Móvil as a global Latin American service provider and that it focuses on cyber-physical security, AI, cloud, IoT and related managed services. This relationship illustrates how América Móvil’s telecommunications platform underpins enterprise-focused technology and security offerings in certain markets.
Status and trading
Based on the recent SEC filings and news items provided, América Móvil continues to file periodic reports, issue debt securities and announce financial and operating results. The presence of current Form 6-K and Form 20-F filings, as well as references to its listings on the NYSE and BMV, indicate that AMX remains an actively reporting and traded security within the scope of the available information.
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Short Interest History
Short interest in America Movil Ad (AMX) currently stands at 7.4 million shares, down 13.8% from the previous reporting period, representing 0.2% of the float. This relatively low short interest suggests limited bearish sentiment.
Days to Cover History
Days to cover for America Movil Ad (AMX) currently stands at 3.3 days, down 15.1% from the previous period. This days-to-cover ratio represents a balanced liquidity scenario for short positions. The days to cover has decreased 34.6% over the past year, suggesting improved liquidity for short covering. The ratio has shown significant volatility over the period, ranging from 2.9 to 6.7 days.