AT&T Mexico's earnings creep up
AT&T's Mexico subsidiary reported a Q3 operating profit of US$10mn compared with an operating loss of US$29mn in the same quarter last year.
The company posted earnings of US$3mn in Q1, breaking a streak of several consecutive quarters of losses, and US$6mn in Q2.
Despite being impacted by unfavorable exchange rates, revenue grew 3% year-on-year in the third quarter, due to higher device sales (17.8%) and user growth.
Revenue reached US$1.02bn and has stayed above US$1bn for four consecutive quarters.
Ebitda was US$168mn, up 8.4% from the same quarter 2023.
AT&T closed Q3 with 22.9mn subscribers, up from 22.6mn three months earlier. The company added 272,000 wireless customers in the quarter, reaching 5.6mn postpaid users and 17.0mn prepaid customers.
The number of reseller lines fell from 333,000 in the second quarter to 282,000 in the third, the lowest figure in recent quarters.
Churn remained high at 5.74% and ARPU was US$7.54, down from US$8.28 in the previous quarter and US$8.17 in the same period last year.
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News in: ICT (Mexico)
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Other projects in: ICT (Mexico)
Get critical information about thousands of ICT projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Google Cloud Region in Mexico
- Current stage:
- Updated:
3 weeks ago
- Project: AWS Data Center Region in Querétaro
- Current stage:
- Updated:
1 month ago
- Project: MX3 Data Center (Mexico City 3x-1)
- Current stage:
- Updated:
2 months ago
- Project: Second KIO Data Center in Querétaro (KIO QRO 2) (Phase 1)
- Current stage:
- Updated:
2 months ago
- Project: QR03 Data Center
- Current stage:
- Updated:
2 months ago
- Project: Colón data center (QRO Campus)
- Current stage:
- Updated:
2 months ago
- Project: QR02 Data Center
- Current stage:
- Updated:
3 months ago
- Project: Falcon de Layer 9 Data Centers
- Current stage:
- Updated:
3 months ago
- Project: AMX-3/Tikal Submarine Cable Branch
- Current stage:
- Updated:
4 months ago
- Project: Microsoft Cloud Services
- Current stage:
- Updated:
4 months ago
Other companies in: ICT (Mexico)
Get critical information about thousands of ICT companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Tars Holding, S.A.P.I. de C.V. (Axity)
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Axity, formerly called Getronics Holding Mexico, is an ICT company born from the merge of the Mexican firm Intellego and the Mexican and Colombian branches of Getronics. Axity s...
- Company: Radiomovil Dipsa S.A. de C.V. (Telcel)
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Radiomovil Dipsa S.A. de C.V. (Telcel) is a Mexican mobile operator which offers voice services under a variety of rate plans, either prepaid or postpaid. Additionally, the comp...
- Company: Teléfonos de México, S.A.B. de C.V. (Telmex)
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Telephones of Mexico S.A.B. de C.V. (Telmex) is a provider of telecommunications and information technology, subsidiary of Mexican América Móvil. The company offers connectivity...
- Company: Equipos Especializados en Renta NG S. de R.L. de C.V. (NG Renta)
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The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: Valores Corporativos Softtek S.A. de C.V. (Softtek)
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Valores Corporativos Softtek S.A. de C.V. (Softtek) is a global supplier of information technologies, established in 1982 by the Mexican business woman Blanca Trevino, to offer ...
- Company: Alvarez & Marsal, Sucursal México
- Company: Elara Comunicaciones S.A.P.I. de C.V. (Elara Comunicaciones)
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Elara, founded in 2004, offers telecommunications and technology solutions in Mexico and the Latam market. Through its four business units, Elara innovates and creates connectiv...
- Company: Hansam, S.A. de C.V.
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