How Carlos Slim’s Phone Giant Quietly Powers a Whole Stock Market

Markets · Industry

—The company. América Móvil is the telecom empire of Mexican billionaire Carlos Slim and one of the world’s largest mobile operators.

—The result. Quarterly net income rose about twenty-five percent, to around twenty-three billion Mexican pesos (about US$1.3 billion).

—The reach. It serves more than four hundred million connections across the Americas and parts of Europe.

—The deal. It agreed to buy roughly seventy-three percent of a Brazilian broadband firm, deepening its push in the region’s largest market.

—The returns. The company proposed a dividend and an extra ten billion pesos (about US$580 million) for share buybacks.

—The stake. The stock is so large it helps anchor the entire Mexican market.

América Móvil rarely makes dramatic headlines, yet its steady cash machine quietly underpins the value of Mexico’s stock market.

The quiet giant of Mexican business

América Móvil is the telecommunications group built by Carlos Slim, long one of the richest people in the world. Its brands carry phone and internet service to hundreds of millions of customers.

In its latest quarter the company reported net income up about a quarter from a year earlier, to roughly twenty-three billion Mexican pesos (about US$1.3 billion), with profit margins holding near forty percent of earnings before certain costs.

For a foreign reader, the scale is the headline. With more than four hundred million connections, this is not a regional carrier but one of the largest mobile operators on Earth.

What is driving América Móvil now

Growth came from a mix of markets. Strong demand in parts of Europe and in smaller Latin American countries lifted revenue, while careful cost control widened profits even where sales grew slowly.

The company also paid down debt, leaving its borrowings at a comfortable level relative to earnings. That financial discipline is what lets it keep rewarding shareholders.

It proposed a dividend in two instalments and set aside an additional ten billion pesos (about US$580 million) to buy back its own shares over the coming year, returning cash to investors.

On the expansion side, it agreed to acquire roughly seventy-three percent of a Brazilian broadband provider, a deal still subject to approval from Brazil’s competition and telecom regulators.

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America Movil SAB de CV ADR

AMX · Bolsa Mexicana de ValoresCommunication ServicesTelecom Services

Share price · live

$23.12

▼ -0.99% today

Market cap

$81.6 bn

3.0 bn shares

P / E

16.2

EPS 1.68

Dividend yield

2.0%

$0.54 / share

The company

Employees

177,545

Headquarters

Mexico City

Listed since

2001

Website

América Móvil, S.A.B. de C.V. provides telecommunications services in Latin America and internationally. It offers wireless and fixed-line voice services, including airtime, local, domestic, and international long-distance services; and network interconnection services. The company provides data services, such as data centers, data administration, and hosting services…

Financial performance · FY · MXN

RevenueNet income

2023

MX$816.0 bn

MX$76.1 bn

2024

MX$869.2 bn

MX$28.3 bn

2025

MX$885.1 bn

MX$77.7 bn

Net income rose to MX$77.7 bn in 2025, from MX$76.1 bn in 2023.

Valuation & returns

EBITDA margin

39.6%

Net margin

9.2%

Return on equity

21.1%

Price / book

3.24

Enterprise value

$120.5 bn

Revenue growth · YoY

+2.1%

Latest earnings

Q1 2026 — reported EPS 0.44 vs 0.35 expected

Beat +26%

Peers & comparators

USD/MXN

▲ +0.13%

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Data: EODHD Fundamentals & live feed · The Rio Times Ticker Intelligence

Brazil — Live Market Board

B3 · São Paulo

Jun 17, 2026 · 06:01

Ibovespa · benchmark

169,648

-0.45%

+21.82% over 12 months

Market breadth · 15 names

53% advancing

8 ▲ advancing7 declining ▼

Currencies, rates & key inputs

USD / BRL

5.09

+0.04%

EUR / BRL

5.91

+0.45%

Selic rate

14.50%

·

Brent crude

79.42

+0.58%

Iron ore

161.91

·

Sector heatmap · average move today

Materials

+0.80%

SUZB3

Industrials

+0.44%

WEGE3, RENT3

Consumer Disc.

+0.06%

AZZA3

Financials

-0.11%

ITUB4, BBDC4, BBAS3, B3SA3

Mining

-0.37%

VALE3, CSNA3, GGBR4

Consumer Staples

-0.78%

ABEV3

Energy

-0.89%

PETR4, PRIO3

Utilities

-2.47%

ENEV3

Latin America scoreboard

IndexLastTodayStrength

IbovespaBrazil

169,648

-0.45%

S&P/BMV IPCMexico

68,483

+0.40%

S&P IPSAChile

10,904

+0.23%

S&P MERVALArgentina

3,254,706

-2.92%

MSCI COLCAPColombia

2,371.18

-0.65%

BVL S&P PerúPeru

56,588.47

+0.20%

Full instrument board

Instrument

Last

Change

YoY

Prev.

High

Low

Volume

IBOV

169,648

-0.45%

+21.82%

170,415

—

—

—

USD/BRL

5.09

+0.04%

-7.28%

5.09

5.09

5.08

—

SELIC

14.50%

—

—

—

—

—

PETR4

38.54

-1.33%

+19.65%

39.06

38.78

38.20

36,141,300

VALE3

81.44

+0.35%

+51.29%

81.16

82.19

80.60

19,680,400

ITUB4

40.45

+0.12%

+13.12%

40.40

40.63

40.13

19,998,500

BBDC4

17.66

+0.06%

+6.13%

17.65

17.69

17.47

18,268,800

BBAS3

19.40

+0.05%

-11.74%

19.39

19.42

19.21

25,360,200

B3SA3

15.04

-0.66%

+11.66%

15.14

15.18

14.86

26,311,700

ABEV3

16.44

-0.78%

+20.18%

16.57

16.56

16.35

13,480,900

WEGE3

42.83

+0.12%

+0.68%

42.78

43.07

42.18

5,233,000

PRIO3

56.85

-0.44%

+31.66%

57.10

57.00

55.36

11,322,400

SUZB3

42.93

+0.80%

-20.87%

42.59

43.04

42.36

5,504,900

RENT3

40.96

+0.76%

-8.96%

40.65

41.09

40.08

11,965,600

AZZA3

17.45

+0.06%

-58.20%

17.44

17.58

17.18

1,647,200

CSNA3

6.02

-1.15%

-28.50%

6.09

6.29

6.02

15,463,300

GGBR4

23.29

-0.30%

+38.30%

23.36

23.72

23.12

6,770,400

ENEV3

24.44

-2.47%

+76.72%

25.06

24.95

24.34

7,075,500

Largest moves today

ENEV3

24.44

-2.47%

PETR4

38.54

-1.33%

CSNA3

6.02

-1.15%

SUZB3

42.93

+0.80%

ABEV3

16.44

-0.78%

RENT3

40.96

+0.76%

B3SA3

15.04

-0.66%

IBOV

169,648

-0.45%

The session read

The Ibovespa eased 0.45%, with breadth positive — 8 of 15 names higher. Materials led, while Utilities lagged.

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Why the Brazil deal matters

Brazil is Latin America’s largest market, and América Móvil already has a major presence there. Buying a regional broadband operator deepens its fixed-internet reach in fast-growing areas.

The logic reflects an industry shift. As mobile markets mature, carriers are competing harder for home broadband customers, where demand for fast, reliable connections keeps climbing.

It is also a familiar Slim playbook: buy steady, cash-generating infrastructure assets and run them efficiently, rather than chasing flashier but riskier ventures.

Why it matters for the market

América Móvil is one of the heaviest weights in Mexico’s main stock index. When it does well, it lifts the broader market that many foreign investors use to gain Mexican exposure.

That makes it a defensive anchor. Mexicans keep using their phones through good times and bad, so the company’s earnings tend to be more stable than those of more cyclical businesses.

The flip side is concentration. A market that leans so heavily on a handful of giants offers less diversification than its headline membership suggests, a risk worth remembering.

A continent-sized footprint

América Móvil’s reach is genuinely vast. Through brands that vary by country, it provides mobile and fixed-line service across most of Latin America, alongside operations in parts of Europe and the United States.

That spread is both a strength and a complication. It smooths the company’s earnings, since weakness in one market can be offset by growth in another, but it also exposes it to many different currencies and regulators.

The bulk of its customers sit in fast-growing developing markets, where rising incomes and data use keep demand climbing even as basic phone penetration nears saturation.

The company’s playbook has long been to invest heavily in networks, win scale, and then harvest the steady cash that telecom infrastructure throws off once it is built.

That capital intensity is the catch. Telecom firms must keep spending to upgrade networks to each new generation of technology, a relentless cost that can weigh on returns.

Even so, América Móvil’s combination of scale, cash generation and disciplined management has made it a cornerstone holding for investors seeking dependable exposure to the region.

Frequently Asked Questions

What is América Móvil?

América Móvil is the telecommunications group controlled by Mexican billionaire Carlos Slim and one of the world’s largest mobile operators, serving more than four hundred million connections across the Americas and parts of Europe. It is a heavyweight in Mexico’s main stock index.

How did it perform recently?

In its latest quarter, net income rose about twenty-five percent to roughly twenty-three billion Mexican pesos (about US$1.3 billion), with margins near forty percent. The company reduced debt and proposed a dividend plus an additional ten billion pesos (about US$580 million) for share buybacks.

What is the Brazil acquisition?

América Móvil agreed to buy roughly seventy-three percent of a Brazilian broadband provider, subject to approval from Brazil’s competition and telecom regulators. The deal deepens its fixed-internet presence in Latin America’s largest market.

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