Mexican telecommunications giant American Movil posted net income of 57.4 billion pesos ($4.4 billion) between January and September, down 24.5 percent from the same nine-month period of 2012.
In a filing with the Mexican Stock Exchange, the company controlled by Mexican magnate Carlos Slim said its earnings before interest, taxes, depreciation and amortization, or EBITDA, fell 4.9 percent relative to last year to 192.2 billion pesos ($14.8 billion).
Operating profit came in at 117 billion pesos ($9 billion) for the first nine months of this year, down 6.3 percent from January-September 2012.
America Movil's total revenues between January and September amounted to 582 billion pesos ($44.9 billion), up 0.9 percent from the same period of 2012.
At the close of September, the company's total debt stood at $39.38 billion, up 22.6 percent from the end of December 2012, when it came in at $32.1 billion.
Among the relevant events in the third quarter, the telecommunications company recalled that on Aug. 9 it announced its intention to acquire all the shares it did not already own in Dutch telcom KPN.
However, America Movil noted that the transaction was thwarted due to opposition from the independent KPN Foundation, which on Aug. 29 "exercised its option to purchase class B preferred shares totaling 50 percent of all outstanding shares."
America Movil, which operates in 20 countries of the Americas and Europe, said that it finished September with 333.4 million accesses: 265.1 million wireless subscribers, 31 million landlines, 18.8 million broadband accesses and 18.5 million pay TV customers.
Pay TV lines grew by 17.4 percent on an annual basis while broadband accesses rose 11.9 percent, the company said. EFE