América Móvil Bolsters its Leading Position in Latam Markets

América Móvil (NYSE: AMX), headquartered in Mexico City, is the largest multinational communications service provider in Latin America, according to Inside Towers Intelligence. Its operations span 16 countries in Central America, the Caribbean and South America, and Austria in Eastern Europe. The company operates in Mexico as Telcel for mobile services and Telmex for fixed line services, and as Claro for wireless and fixed services elsewhere in Latam. In Austria, the company provides communications services under the A1 brand and operates a tower company, EuroTelSites.

In 1Q26, the company added three million postpaid wireless subscribers and disconnected 90,000 prepaid subscribers. In the postpaid segment, Brazil led the way with 1.3 million net adds followed by Colombia with 258,000 and Peru with 191,000. At the end of the quarter, América Móvil reported a total of 334.5 million wireless subscribers including 146 million postpaid subscribers across all its markets, up three percent year-over-year. Brazil is the company’s largest wireless market with 90.8 million subscribers, followed by Mexico with 82.3 million. 

In the fixed-line segment, the company connected 594,000 new broadband access lines. Mexico was the main contributor with 175,000 net adds, followed by Brazil with 115,000 and Colombia with 76,000. América Móvil ended the quarter with 37.3 million broadband lines, up six percent YoY with Mexico as its largest market with 12.2 million connections.

Consolidated service revenue for the first quarter was $11.5 billion, up just one percent YoY. Mobile service revenue grew over six percent YoY. Fixed-line service revenue increased nearly two percent YoY, with very rapid growth in Eastern Europe, Central America, Peru and Ecuador.

EBITDA reached $5.4 billion, a four percent increase from the year-earlier. EBITDA margin was 40 percent, the highest level the company ever reported. It attributes EBITDA’s faster growth pace than service revenue due to greater operating leverage.

Aggregate capital expenditure for the quarter was $1.3 billion, down more than 12 percent YoY, mainly due to slower economic activity across parts of its operating territories. América Móvil is projecting full-year capex of $7.0 billion, according to Reuters. That capex level is down roughly seven percent from $7.5 billion spent in 2025.

By John Celentano, Inside Towers Business Editor