New Street Research - AMERICA MOVIL S A B DE C V (AMX) LatAm Telcos Quick Hit: AMX cuts capex guidance by 10% - implications across the LatAm telco space. Brief thoughts

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New Street Research

Chris Hoare

EUR 8824.00 For Business Accounts Only

LatAm Telcos Quick Hit: AMX cuts capex guidance by 10% - implications across the LatAm telco space. Brief thoughts

One consistent theme recently across all our conversations with LatAm telcos has been that America Movil is typically the most market-share focused player across the region in all the countries in which it competes.

01/05/2025 1 EN

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AMERICA MOVIL S A B DE C V

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US02390A1016 New York Stock Exchange Mexico

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

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Chris Hoare

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LatAm Telcos Quick Hit: AMX cuts capex guidance by 10% - implications across the LatAm telco space. Brief thoughts

America Movil (Buy, TP: $22, +30%) Q1 25 – Slower but decent; FY25 capex expected at $6.7bn

Mexican Cable/FTTH MEGA and AMX the strongest performers, TV pt to $2.3; Q4 24 review

eir Q1 25: Solid quarter and guidance reiterated

Iliad Q1 25: Solid results, but focus on M&A in Italy and France

OpenAI buying out John Ive’s io Don’t underestimate the move

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