Sunday, February 12, 2012

America Movil, which owns the Claro, invest up to U.S. $ 9 billion in 2012

Mexican telecoms giant America Movil, from billionaire entrepreneur Carlos Slim and controlling the Claro, Embratel and Net in Brazil, plans to invest between 8.5 billion and $ 9 billion in 2012, improvements in its infrastructure in Latin America, according to Reuters.

In addition, America Movil expects to add between 14 million and 15 million new mobile users in the year, executives said during a conference call with investors, number of about 17 million customers added in 2011.

The company reported on Thursday, 09/02, a 36% drop in profits in the fourth quarter of 2011, hit by the depreciation of the peso and an increase in debt to finance acquisitions and share repurchases, among other things.

Its EBITDA margin - a key indicator of profitability is reduced to 35.5% in the last quarter of 2011, versus 38.4% in the same period in 2010. The company earned 16.278 billion pesos (1.165 billion dollars) in October-December period, down from 25.287 billion pesos in the same quarter of 2010. Earnings before interest, taxes, depreciation and amortization (EBITDA, the acronym in English) rose to 65.5 billion pesos.

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