AMERICA MOVIL SAB DE CV Stock Price, News & Analysis

América Móvil, S.A.B. de C.V. (traded in the United States under the symbol AMXOF for over-the-counter access to its shares) is a sociedad anónima bursátil de capital variable organized under the laws of Mexico. According to its SEC filings, América Móvil provides telecommunications services in 23 countries. The company reports that it is a major telecommunications service provider in Latin America, with activities across wireless, fixed-line, broadband and Pay TV services measured by revenue generating units (RGUs).

In its own description in a Form 6-K, América Móvil states 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 reports operations in 16 countries in the Americas and seven countries in Central and Eastern Europe. It organizes its business and performance reporting by geographic and service segments, including Mexico Wireless, Mexico Fixed, Brazil, Colombia, Southern Cone (Argentina and, separately, Chile/Paraguay/Uruguay), the Andean Region (Ecuador and Peru), Central America, the Caribbean, and Europe.

Business model and services

América Móvil explains that its customers generate revenue by purchasing one or more of its services, and it refers to each service as a revenue generating unit (RGU). Each wireless subscription—prepaid or postpaid—is counted as a single RGU, while a single fixed-service customer can have multiple RGUs depending on whether they receive fixed voice, fixed data and Pay TV services. Fixed RGUs consist of fixed voice, fixed data and Pay TV units, which include Pay TV customers and certain other digital services.

The company highlights RGUs as a key performance indicator because it allows management to assess performance on a per-service basis across its different regions. Its consolidated disclosures show tens of millions of wireless RGUs and fixed RGUs across Mexico, Brazil, Colombia, Argentina, Chile, Paraguay, Uruguay, Ecuador, Peru, several Central American countries, the Caribbean, and multiple European markets.

Geographic footprint and brands

In its SEC reports, América Móvil notes that it operates under the Claro brand name in all of its geographic segments except Mexico and Europe. In Mexico it principally does business under the Telcel and Telmex Infinitum brands, while in Europe it operates under the A1 brand.

• In Mexico, principal brands identified in filings are Telcel (wireless voice and wireless data) and Telmex Infinitum (fixed voice and fixed data).
• In Europe, the A1 brand is associated with wireless voice, wireless data, fixed voice, fixed data, Pay TV, and equipment and accessories.
• In many other countries in the Americas, including Argentina, Brazil, Chile, Colombia, Costa Rica, the Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Puerto Rico and Uruguay, América Móvil reports that it operates primarily under the Claro brand for wireless and wireline services.

The company’s filings also list a range of subsidiaries and related entities, including Telcel and Telmex in Mexico, Claro-branded operations across Latin America and the Caribbean, and A1 and EuroTeleSites in Austria and Eastern Europe.

Service mix: wireless, fixed-line, broadband and Pay TV

América Móvil’s disclosures emphasize a mix of mobile and fixed-line platforms. On the mobile side, the company reports wireless voice and data subscriptions across prepaid and postpaid categories. On the fixed-line side, it reports fixed voice lines, broadband accesses and Pay TV units. Its filings describe movements in postpaid and prepaid subscribers, broadband accesses, voice lines and Pay TV units across multiple countries.

For example, in a quarterly report, América Móvil describes adding millions of postpaid clients in markets such as Brazil, Colombia, Peru and Mexico, while also reporting net disconnections on the prepaid platform in some countries. In the fixed-line segment, it reports gaining hundreds of thousands of broadband accesses in countries including Mexico, Brazil, Argentina and Colombia, while voice lines and Pay TV units declined over the same period. These disclosures illustrate the company’s focus on tracking access lines and RGUs across both mobile and fixed platforms.

Regional segments and scale indicators

América Móvil’s filings provide detailed tables of wireless subscribers, fixed-line and other accesses, and broadband accesses by country and region. The company reports wireless lines and fixed RGUs in Argentina, Austria and Eastern Europe, Brazil, Central America, the Caribbean, Colombia, Ecuador, Mexico, Peru and the Southern Cone, among others. It also provides consolidated totals for wireless lines, total RGUs and broadband accesses.

In a description of its operations as of June 30, 2025, América Móvil reports hundreds of millions of wireless RGUs and tens of millions of fixed RGUs across its consolidated subsidiaries. It also notes that its largest operations in terms of RGUs are in Mexico and Brazil, and that it has operations in multiple countries in Central and Eastern Europe, including Austria, Belarus, Bulgaria, Croatia, North Macedonia, Serbia and Slovenia.

Capital structure and financing activities

As a foreign private issuer, América Móvil files Form 20-F annual reports and Form 6-K current reports with the U.S. Securities and Exchange Commission. These filings include consolidated financial statements under IFRS, with income statement data, balance sheet data, cash flow information and discussions of operating and financial performance.

The company’s 6-K filings also describe financing activities, including the issuance of bonds and notes in various currencies. For example, América Móvil reports returning to the euro bond market with a multi‑year bond issuance, with proceeds directed to the payment of short-term debt under its Euro commercial paper program. Other disclosures list fixed-rate and floating-rate senior notes and domestic notes in currencies such as Mexican pesos, U.S. dollars, euros, Brazilian reais, Chilean pesos, British pounds and Japanese yen, with different maturities and interest rate structures.

Key performance and reporting practices

In its operating and financial review, América Móvil explains that it uses RGUs as a central performance metric, alongside financial measures such as service revenues, sales of equipment, operating income, EBITDA, net income and comprehensive income. The company reports its results in Mexican pesos and also provides certain figures translated into U.S. dollars for convenience, using exchange rates disclosed in its filings.

América Móvil also discusses factors that can affect its performance, including exchange rate movements, interest rate changes and macroeconomic conditions in the countries where it operates. Its forward‑looking statements section outlines risks related to economic and political conditions, regulation, technological developments, customer demand and competition in the telecommunications industry.

Regulatory status and listing

América Móvil files as a foreign private issuer under the Securities Exchange Act of 1934 and indicates in its reports that it files annual reports on Form 20-F. The company identifies itself as listed on the BMV under the symbol AMX and on the New York Stock Exchange under the symbols AMX and AMOV. The AMXOF symbol provides U.S. investors with over‑the‑counter access to América Móvil securities that reference these primary listings.

FAQs about América Móvil (AMXOF)

• What does América Móvil do?
  According to its SEC filings, América Móvil provides telecommunications services in 23 countries. Its services include wireless voice and data, fixed voice, fixed data and Pay TV, which it tracks as revenue generating units (RGUs).
• Where does América Móvil operate?
  The company reports operations in 16 countries in the Americas and seven countries in Central and Eastern Europe. Its largest operations are in Mexico and Brazil, and it also operates in countries such as Argentina, Chile, Colombia, Ecuador, Peru, several Central American and Caribbean countries, and multiple European markets.
• How does América Móvil measure its business performance?
  América Móvil identifies revenue generating units (RGUs) as a key performance indicator. Each wireless subscription counts as one RGU, while fixed RGUs include fixed voice, fixed data and Pay TV units. The company also reports financial metrics such as service revenues, sales of equipment, operating income, EBITDA and net profit.
• What brands does América Móvil use in its main markets?
  In its filings, América Móvil states that it operates under the Claro brand in all geographic segments except Mexico and Europe. In Mexico it principally uses the Telcel and Telmex Infinitum brands, and in Europe it operates under the A1 brand.
• What services are included in América Móvil’s fixed RGUs?
  The company defines fixed RGUs as consisting of fixed voice, fixed data and Pay TV units. Pay TV units include customers of its Pay TV services and certain other digital services, as described in its SEC reports.
• How is América Móvil regulated in the United States?
  América Móvil is a foreign private issuer that files annual reports on Form 20-F and current reports on Form 6-K with the U.S. Securities and Exchange Commission. These filings provide financial statements, operating data and risk disclosures for investors.
• What stock exchange listings are associated with América Móvil?
  In its reports, América Móvil identifies its listings on the Mexican Stock Exchange (BMV) under the symbol AMX and on the New York Stock Exchange under the symbols AMX and AMOV. The AMXOF ticker represents over‑the‑counter trading access to América Móvil securities in the U.S. market.
• How does América Móvil describe its position in Latin America?
  América Móvil states in its filings that it is a leading telecommunications service provider in Latin America, ranking first in wireless, fixed-line, broadband and Pay TV services based on the number of RGUs. It also notes that Mexico and Brazil together account for over half of its total RGUs.