América Móvil, S.A.B. de C.V. (NYSE:AMX) Q3 2023 Earnings Call Transcript

Oscar Von Hauske: Well, as you know, the corporate market, it’s a totally different market than the mass market. The negotiations takes many months to really get the projects. In some quarters, we won a very large project, and in other quarters we don’t. But what we see is that we have a great pipeline in place. So, you know, this kind of selling is a different approach. You need to go to the customer to show a business case of the efficiency, the cost reduction, the productivity. And it takes a while to convince the customer. Sometimes we won a very large project and some quarters we don’t. But what we have is a very good pipeline that we are followed. So that’s why we are optimistic on those — on these markets.

Carlos Garcia Moreno: And just to repeat what we said before. If you look at the nine months to September, copper network revenue in Mexico increased 10% year-on-year. Okay, so it’s — when you look at long enough periods then you can make a big volatility. But what is important is to have a good pipeline of opportunities, right?

Jesus Romo: Thank you. Very clear.

Operator: Thank you. Our last question is from Alejandro Lavin from Santander. Alejandro, please go ahead. Your line is open.

Alejandro Lavin: Hi. Good morning. Thank you all for taking the questions. Thank you for the call. I just have a quick question on Argentina. You’re seeing good growth there. So could you please expand on what kind of opportunities you’re seeing there over the medium term? And how do you balance that versus the current macro environment and FX depreciation? Thank you.

Daniel Hajj Aboumrad: We know what is happening in Argentina with the macro environment, so — but where we’re seeing good opportunities is in the fixed line. We have been running the wireless for a long time. We have a decent market share. We’re growing, we’re doing well. And we start maybe four years ago in putting fiber. And it’s given very good returns, this fiber. So we have like 1.2 million broadband subscribers in Argentina right now and that’s where we see the good opportunities in all the fixed platforms as well.

Carlos Garcia Moreno: PayTV as well.

Daniel Hajj Aboumrad: PayTV, fixed and broadband is where we’re seeing that.

Carlos Garcia Moreno: Yes.

Alejandro Lavin: Okay. Thank you.

Daniel Hajj Aboumrad: Thank you. Thank you very much.

Operator: Thank you. This is all the time we have for the Q&A session today. So I’d like to hand back to management for any closing remarks.

Daniel Hajj Aboumrad: No, just thanks. Thank you all of you for being in the call. Thank you.

Operator: Thank you everyone for joining today’s call. You may now disconnect your lines and have a lovely day.