América Móvil’s third quarter of 2015 financial and operating report
Mexico City, October 19, 2015 - América Móvil, S.A.B. de C.V. (“América Móvil”) [BMV: AMX] [NYSE: AMX] [NASDAQ: AMOV] [LATIBEX: XAMXL], announced today its financial and operating results for the third quarter of 2015.
We ended September with 368.2 million access lines, 1.0% more than a year before. This figure includes 288.4 million wireless subscribers, 34.9 million landlines, 23.4 million broadband accesses and 21.6 million PayTV units.
Our wireless postpaid base was up 5.1% year-on-year to 61.5 million subscribers. Postpaid net additions were 836 thousand, the majority came from Mexico, Brazil and our European operations.
Third quarter revenues were up 1.2% from the prior year to 223.6 billion pesos, bringing the total through September to 663.6 billion pesos. Year to date, EBITDA totaled 203 billion pesos, 5.5% less than a year before in Mexican peso terms.
After depreciation and amortization charges that were equivalent to 16% of service revenues—4.9% higher than in the prior year—we obtained an operating profit of 35.2 billion pesos, which was down 17.5% in Mexican peso terms.
Our comprehensive financing costs grew to 38.9 billion pesos, mostly reflecting the sharp depreciation that took place in the quarter of the Mexican peso and the Brazilian real relative to the U.S. dollar. Net interest expenses came down by 2.4% year on year and by 10.1% year to date.
Our net debt increased by 61.3 billion pesos since December allowing for the reclassification of our stake in KPN from a long term investment valued at cost to an available for sale asset valued at market prices. Our net debt represented 1.8 times LTM EBITDA. It must be noted that upon the spin-off of Telesites our net debt is to be reduced by 21 billion pesos.
Through September we funded capital expenditures in the amount of 105.7 billion pesos and shareholder distributions totaling 59.5 billion pesos, including both dividends and share buybacks.