América Móvil, S.A.B. de C.V. (NYSE:AMX) Q2 2023 Earnings Call Transcript

Carlos de Legarreta: Right. No, thank you for that, Carlos. That’s very useful.

Carlos Garcia Moreno: Okay. Thank you, Carlos.

Operator: Thank you. The next question goes to Chelsea Colon of Aegon. Chelsea, please go ahead. Your line is open.

Chelsea Colon: Hi and thank you for taking the questions. I see that — I was wondering if you could comment on your strategy in Central America. I see that you had good top line growth, but your EBITDA margin has come down a bit. Can you just comment on the underlying factors may be the main countries driving that and what your strategy is there from a competitive standpoint?

Daniel Hajj: Well, I think, Central America is important place area for America Movil. And in Latin America, it’s a lot. We have companies, places, cities or countries like Guatemala or Salvador that — and even Nicaragua that we have the company for a long time. We have fixed for a long time. In other ones like Honduras, Costa Rica, we don’t have — we have the — we start there. We have the mobile is starting and we are doing the fixed. And in Latin America, we are — in Central America, we’re changing and putting a little bit more fiber as we said, is one of the places where we’re going to invest more. And it’s important I think we’re looking to grow to change more to fiber all our customers and to — I think it’s doing more 4G, more coverage. The penetration in broadband is not high. So we have more opportunities on doing more on broadband penetration. So it’s an area where we are looking to develop more and see good opportunities.

Chelsea Colon: From — are you also — is there a region where you find the need to offer discounts to gain market share? Like is that a goal to gain market share in this region or are you pretty comfortable with where you are?

Daniel Hajj: Well, we’re looking to operate good propositions, to increase our coverage. So I don’t know if it’s gaining market share from the other ones or gaining market share by developing the country. So what we’re looking is to cover more to increase the broadband penetration, to move more customers from 3G for 4G to have more and more that they can use more data that they can use more the phone. So it’s — we’re going to do more on the corporate side, the datacenters more and cloud and all these services. It’s an area that we want to develop more of those, not necessarily taking from the other ones, it’s more developing these countries.

Chelsea Colon: Understood. Thank you.

Daniel Hajj: Thank you very much.

Operator: Thank you. We have no further questions. I’ll now hand back to Mr. Daniel Hajj for any closing comments.

Daniel Hajj: I just want to thank you everyone for being in the call and thank also Carlos, Oscar and Daniela being here. Thank you very much.

Operator: Thank you. This now concludes today’s call. Thank you all for joining. You may now disconnect your lines.