America Movil Q3 net profit dips 16.4% to $766 million

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The company, which is controlled by the family of Mexican billionaire Carlos Slim, said revenue dipped to 253.4 billion pesos, from 260.2 billion pesos during the year-earlier period. That still beat the Refinitiv forecast of 244.32 billion pesos.

EBITDA was 87.6 billion pesos, an increase of 1.3% in nominal terms from a year ago.

America Movil said it added 4.2 million wireless subscribers in the quarter, including 2.2 million postpaid customers.

($1= 20.642 pesos at end-September)