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America Movil: Top Revenue Earner

America Movil beats Telefonica when it comes to wireless revenues, profits and subscribers in Latin America.

BY CHRONICLE STAFF

Mexico-based America Movil leads Spain-based Telefonica when it comes to wireless revenues, profits and subscribers in Latin America, according to a Latin Business Chronicle analysis of 2008 data from the two companies. The two companies are the largest wireless operators in Latin America and also operate major fixed line services in several countries in the region.

When it comes to wireless subscribers, Telefonica grew most, but still lags America Movil. The Mexican operator had a total of 171.5 million wireless subscribers in Latin America at the end of last year, an increase of 19.2 percent from the end of 2007. Telefonica’s wireless base grew by 22.7 percent to 123.4 million.

Last year, America Movil reached a total of $25.2 billion in revenues from its wireless operations in Latin America, according to our calculations using the company’s publicly released figures in local currencies and converting them into U.S. dollars. That compares with $17.3 billion from Telefonica, according to our calculation of its figures in euros and converting them into U.S. dollars. Both figures only look at wireless and not fixed line or other revenues.

Measuring profits is more difficult, as neither company releases detailed figures for net income. However, a comparison of America Movil’s figures for earnings before interest and taxes (EBIT) with Telefonica’s Operating Income Before Depreciation And Amortization (OIBDA), shows the Mexican operator ahead. America Movil posted a total EBIT of ...



Keywords: Argentina, Brazil, Caribbean, Central America, Chile, Colombia, Mexico, Peru, Venezuela

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