America Movil increases 6.6% its Pay-TV revenues and reached 22 million accesses

Telecommunications company America Movil of Mexico published its report for the fourth quarter of 2015 where it showed that it grew by 6.6% (always in local currency) in revenues from its Pay-TV services compared to the same period of 2014. It also stated that it had reached 22 million accesses in this business.

The company reported total revenues of USD 12,000 million, an increase of 0.6% year-to-year. However, it showed a 0.6% drop in services’ profits from suffering 4.9 million prepaid internet disconnections in Brazil, Ecuador and Peru, among other things. On another hand, it showed an EBITDA for USD 3,300 million, i.e. an annual drop of 5.1% or 2.9% considering constant exchange rates.

In its Latin American operations, the company showed negative balances in some major countries. In Mexico, it had a fall in revenues of 0.5% annually. In Colombia, revenues fell by 5.8% year-to-year. In Ecuador, it suffered a decline of 10.4%. In Peru, 5.6% less profit that in 3Q 2014. In the Caribbean, they fell 4.1% annually.

In addition, in Brazil, revenues fell but Pay-TV grew in comparison to the previous year. In that country, America Movil was authorized to buy Blue Interactive, a Cable TV operator with 270,000 acceses.

On the other hand, the company had significant improvements in revenue growth for services in some parts of Latin America, especially in Argentina, where they rose from 24.1% in 3Q 2015 to 34.9% in 4Q. The Argentina, Uruguay and Paraguay division had a total revenue growth of 31.3% year-to-year. In Chile, revenues grew 2.5% annually and in Central America 6.4%.

America Movil is the company with more registered Pay-TV subscribers in the Latin American market, with 21.1% of the total, according to a global survey to 2Q 2015 conducted by Dataxis. Pay-TV accounted for 8.4% of their net service income during the fourth quarter.