6-K

AMERICA MOVIL SAB DE CV/ (AMX)

6-K 2024-02-16 For: 2024-02-16
View Original
Added on April 03, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF A FOREIGNPRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of February, 2024

CommissionFile Number: 1-16269

AMÉRICAMÓVIL, S.A.B. DE C.V.

(Exact Name of the Registrant as Specified in the Charter)

America Mobile

(Translation ofRegistrant’s Name into English)

Lago Zurich 245

Plaza Carso / Edificio Telcel, Piso 16

Colonia Ampliación Granada, Miguel Hidalgo

11529 Mexico City, Mexico

(Addressof Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒   Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

LOGO

Mexico City - América Móvil, S.A.B. de C.V. (‘‘AméricaMóvil’’) [BMV: AMX] [NYSE: AMX, AMOV], announced today its financial and operating results for the fourth quarter of 2023.

We added 3.9 million wireless subscribers in the quarter, including 2.7 million postpaid<br>clients. Brazil contributed with 1.8 million new contract clients, while 329 thousand came from Austria, 124 thousand from Argentina and 109 thousand from Mexico. Our postpaid base was up 7.0% year-on-year to 122 million subscribers.
On the prepaid segment we added 1.3 million clients, with Colombia gaining 456 thousand,<br>Mexico 308 thousand, Argentina 278 thousand and Central America 269 thousand.
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On the fixed-line platform we obtained 386 thousand broadband accesses. Mexico was the leader<br>by adding 165 thousand accesses followed by Brazil with 61 thousand, bringing the total to 32 million accesses, 4.1% more than a year before.
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For comparison purposes all the figures below exclude Argentina

Fourth quarter revenue was down 2.5% year-on-year to 204.4 billion Mexican pesos, with service revenue nearly flat, -0.1% on account of the appreciation of the Mexican peso vs all other currencies in<br>our region of operations. At constant exchange rates service revenue was up 3.7%.
Mobile service revenue was up 4.2%<br>year-on-year with revenue growth remaining stable in Mexico at 4.5%, and accelerating in Central America from 9.5% the prior quarter to 10.7%.
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Fixed-line service revenue increased 3.0% year-on-year. Revenue expanded at a faster pace in Mexico and Colombia at 5.9% each. Corporate networks expanded 8.1% from the year-earlier quarter, followed closely by broadband revenue that posted a 6.6%<br>increase.
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Fourth quarter EBITDA came in at 79.7 billion pesos, a 3.3% reduction in nominal peso terms.<br>At constant exchange rates and adjusting for extraordinary items—more importantly the tower sales in Mexico and Peru in the fourth quarter of 2022—it rose 4.6%.
--- ---
Our operating profit totaled 42.3 billion pesos in the quarter. After comprehensive financing<br>costs of 5.3 billion pesos and 7.3 billion pesos in foreign exchange gains, it resulted in a net profit of 26.4 billion pesos.
--- ---
Our cash flow figures include Argentina: Cash flow plus 21.1 billion pesos in net borrowings<br>enabled us to cover capital expenditures in the amount of 156.3 billion pesos, shareholder distributions totaling 40.4 billion pesos and 11.8 billion pesos in labor obligations.
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Content
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Highlights
Relevant<br><br><br>events
Subscribers
América<br><br><br>Móvil
Consolidated
Mexico
Brazil
Colombia
Other South
America
Central
America and
Caribbean
Austria
Other
European
Currency
Exchange
Rates
Appendix
Glossary

We will host our conference call to discuss 4Q23 financial and operating results on February 14^th^ at 9:00 am Mexico City time. To access the call please log on to www.americamovil.com/investors

LOGO

América Móvil Fundamentals (includes Argentina)
4Q23 4Q22
Earnings per Share (Mex$)^(1)^ 0.29 0.22
Earning per ADR (US$)^(2)^ 0.33 0.22
EBITDA per Share (Mex$)^(3)^ 1.25 1.33
EBITDA per ADR (US$) 1.42 1.35
Net Income (millions of Mex$) 18,062 13,710
Average Shares Outstanding<br>(billion) 62.7 63.5
Shares Outstanding End of Period<br>(billion) 62.5 63.3

^(1)^ Net Income / Average Shares Outstanding

^(2)^ 20 shares per ADR

^(3)^ EBITDA/ Average Shares Outstanding

América Móvil’s Subsidiaries as of December 2023
Country Brand Main Activity Equity
Mexico Telcel wireless 100.0%
Telmex wireline 98.8%
Argentina Claro wireless/wireline 100.0%
Austria A1 wireless/wireline 58.4%
EuroTeleSites towers 57.0%
Brazil Claro wireless/wireline 99.6%
Colombia Claro wireless/wireline 99.4%
Costa Rica Claro wireless/wireline 100.0%
Dominican Republic Claro wireless/wireline 100.0%
Ecuador Claro wireless/wireline 100.0%
El Salvador Claro wireless/wireline 95.8%
Guatemala Claro wireless/wireline 99.3%
Honduras Claro wireless/wireline 100.0%
Nicaragua Claro wireless/wireline 99.6%
Paraguay Claro wireless/wireline 100.0%
Peru Claro wireless/wireline 100.0%
Puerto Rico Claro wireless/wireline 100.0%
Uruguay Claro wireless/wireline 100.0%
Other Stakeholdings
Country Brand Main Activity Equity
Chile Claro/VTR wireless/wireline 50.0%
NetherIands KPN wireless/wireline 14.6%
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América
Móvil
Consolidated
Mexico
Brazil
Colombia
Other South
America
Central
America and
Caribbean
Austria
Other
European
Currency
Exchange
Rates
Appendix
Glossary

LOGO

Note

Upon the establishment of the joint venture with Liberty Latin America in October 2022, Claro Chile became a discontinuedoperation. The financial statements presented in this report account for those operations as discontinued operations.

The reported figures for Argentina corresponding to the fourth quarter of 2023 are presented in accordance with IAS29 reflecting the effects of inflationary accounting as the Argentinean economy is deemed to behyperinflationary. All comparisons at constant exchange rates for América Móvil’s consolidated figures will exclude Argentina to ensure consistency.

Relevant Events

Increase in our Telekom Austria stake

As a result of a number of transactions we increased our stake in Telekom Austria AG to 58.4% as of December 31^st^, 2023. Telekom Austria has been a top performer within the telco sector in Europe.

Shareholder’s arrangement ClaroVTR

On December 26^th^, 2023 we formalized the agreement with Liberty Latin America pursuant to which the partners agreed the financing arrangements needed to carry the company forward. This calls for both parties to contribute matching amounts to ClaroVTR by July 31, 2024. In the event this is not the case the current 50:50 joint venture would cease to be so.

MxP 20Bn 10-year Sustainable Global Note

On February 1^st^, 2024 we issued a 10-year Sustainable Global MXN note in the amount of 20.0 billion Mexican pesos with a 10.3% coupon. This is the largest single-tranche issue for any Mexican corporate to date, with the order book having reached 26 billion pesos.

Content
Highlights
Relevant<br><br><br>events
Subscribers
América
Móvil
Consolidated
Mexico
Brazil
Colombia
Other South
America
Central
America and
Caribbean
Austria
Other
European
Currency
Exchange
Rates
Appendix
Glossary

LOGO

Access Lines

3.9M wireless net adds, 2.7M were postpaid clients

We added 3.9 million wireless subscribers in the fourth quarter of which 2.7 million were postpaid clients with our net additions for the year totaling 10.3 million. Brazil contributed with 1.8 million new contract clients, while 329 thousand came from Austria, 124 thousand from Argentina and 109 thousand from Mexico. The prepaid platform registered net additions of 1.3 million clients in the period, with Colombia gaining 456 thousand, Mexico 308 thousand, Argentina 278 thousand and Central America 269 thousand.

386k new broadband accesses

On the fixed-line segment we obtained 386 thousand broadband accesses. Mexico was the leader adding 165 thousand accesses, followed by Brazil with 61 thousand and Argentina with 51 thousand. Voice access lines and Pay TV units came down by 64 thousand and 68 thousand, respectively, in the quarter.

Postpaid base +7.0% YoY and fixed-broadband accesses +4.1% YoY

At the end of December we had 310 million wireless subscribers—of which 122 million were postpaid clients—and 74 million fixed-line RGUs. This figure includes 32 million broadband accesses, 13 million Pay TV clients and 29 million land-lines. Our postpaid base was the most dynamic one, increasing 7.0% year-on-year, followed by fixed-broadband accesses, up 4.1%. Prepaid subs rose 1.2% while Pay TV accesses fell 1.8% year-on-year.

Wireless subscribers as of December 2023
Total^(1)^(Thousands)****
Country Dec ’23 Sep ’23 Var. % Dec ’22 Var. %
Argentina, Paraguay and Uruguay 28,043 27,614 1.6 % 26,915 4.2 %
Austria 10,234 9,917 3.2 % 8,973 14.1 %
Brazil 86,951 85,032 2.3 % 83,260 4.4 %
Central America 17,266 16,947 1.9 % 16,673 3.6 %
Caribbean 7,592 7,525 0.9 % 7,345 3.4 %
Colombia 39,240 38,701 1.4 % 37,550 4.5 %
Eastern Europe 15,011 15,215 -1.3 % 14,924 0.6 %
Ecuador 9,426 9,361 0.7 % 9,028 4.4 %
Mexico 83,834 83,417 0.5 % 82,851 1.2 %
Peru 12,510 12,447 0.5 % 12,338 1.4 %
Total Wireless Lines 310,106 306,176 1.3 % 299,856 3.4 %

^(1)^ Includes total subscribers of all companies in which América Móvil holds an economic interest; does not consider the date in which the companies started being consolidated.

Content
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Subscribers
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Consolidated
Mexico
Brazil
Colombia
Other South
America
Central
America and
Caribbean
Austria
Other
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Currency
Exchange
Rates
Appendix
Glossary

LOGO

Fixed-Line and Other Accesses (RGUs) as of December2023
Total^(1)^(Thousands)****
Country Dec ’23 Sep ’23 Var. % Dec ’22 Var. %
Argentina, Paraguay and Uruguay 3,549 3,417 3.9 % 2,865 23.9 %
Austria 2,847 2,872 -0.8 % 2,946 -3.4 %
Brazil 23,089 23,262 -0.7 % 24,136 -4.3 %
Central America 4,923 4,834 1.9 % 4,624 6.5 %
Caribbean 2,787 2,768 0.7 % 2,774 0.5 %
Colombia 9,440 9,413 0.3 % 9,248 2.1 %
Eastern Europe 3,423 3,378 1.3 % 3,257 5.1 %
Ecuador 560 555 0.8 % 614 -8.9 %
Mexico 21,171 20,999 0.8 % 20,824 1.7 %
Peru 1,913 1,951 -1.9 % 1,994 -4.1 %
Total RGUs 73,702 73,449 0.3 % 73,283 0.6 %

^(1)^ Fixed Line, Broadband and Television (Cable & DTH).

Broadband accesses as of December 2023
Total^(1)^ (Thousands)****
Country Dec ’23 Sep ’23 Var. % Dec ’22 Var. %
Argentina, Paraguay and Uruguay 1,452 1,390 4.5 % 1,147 26.6 %
Austria 1,284 1,288 -0.3 % 1,310 -2.0 %
Brazil 9,991 9,930 0.6 % 9,775 2.2 %
Central America 1,552 1,515 2.4 % 1,432 8.4 %
Caribbean 1,049 1,036 1.3 % 1,020 2.8 %
Colombia 3,372 3,360 0.4 % 3,326 1.4 %
Eastern Europe 1,450 1,425 1.7 % 1,367 6.1 %
Ecuador 323 313 3.1 % 335 -3.4 %
Mexico 10,489 10,324 1.6 % 10,025 4.6 %
Peru 996 992 0.4 % 968 2.9 %
Total Broadband Accesses 31,959 31,573 1.2 % 30,706 4.1 %

^(1)^ Includes total subscribers of all companies in which América Móvil holds an economic interest; does not consider the date in which the companies started being consolidated.

Content
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Subscribers
América
Móvil
Consolidated
Mexico
Brazil
Colombia
Other South
America
Central
America and
Caribbean
Austria
Other
European
Currency
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Rates
Appendix
Glossary

LOGO

América Móvil Consolidated Results

The fourth quarter of 2023 turned out to be an extremely volatile one, with interest rates surging in the first month of the quarter to record highs not seen in over 16 years. This was in continuing with the trend that began early in the third quarter as inflation pressures brought about new increases in reference rates by the Fed. The yield of ten-year Treasury notes, which had stood as low as 3.75% in mid-July, shot up to 5% in exactly three months. But then things turned: new inflation readings appeared to be softer and the Fed put out the message that no new action on reference rates was expected for at least the remainder of the year. A huge rally in interest rates followed, with the ten-year Treasury yield plummeting back to where it had been in mid-July.

With the extreme financial stress over, the dollar, which had been overbought throughout the period of stress, fell against most currencies in our region of operations: 7.4% vs. the Mexican peso, 6.3% vs. the Brazilian real, 12.1% vs. the Colombian peso, and 4.3% vs. the euro. A major exception was the Argentine peso, which had long been in a special situation of its own. As a new administration took over the Argentine government in December, a new economic framework calling for liberalization of economic policy brought about a major devaluation of the currency, with the peso losing nearly 60% of its value vis-á-vis the dollar in December alone.

Argentina has gone through a period of high inflation the last several years. Since 2019 it has been subject to the accounting guidelines applicable to hyper-inflationary countries, with all the accounting variables expressed in real terms at constant Argentine pesos. For consolidation purposes in our financial statements—with no other economy considered hyper inflationary—those Argentine figures expressed in constant Argentine peso terms at the prevailing prices at the end of the period must be converted into Mexican pesos at the exchange rate observed at the end of the period, per IFRS rules. Given the magnitude of the Argentine peso depreciation, the application of the above-mentioned norm generates unusual effects.

We have thus decided to present a version of our financial statements excluding Argentina for greater clarity. Since 2019 we had been excluding Argentina from the analysis of our revenue and EBITDA at constant exchange ratesthat was presented every quarter, but not from our consolidated financial statements. We will present separately our consolidated results including Argentina after the application of both IFRS 29 and the IFRS 21 norms. In the discussion thatfollows, all figures cited, whether in nominal terms or at constant exchange rates, will exclude Argentina.

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Subscribers
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Consolidated
Mexico
Brazil
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Other South
America
Central
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Austria
Other
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Appendix
Glossary

LOGO

Our fourth quarter revenue was down 2.5% year-on-year to 204.4 billion Mexican pesos, with service revenue nearly flat, -0.1%, on account of the Mexican peso having increased in value vis-á-vis all other currencies in our region of operations save for the Colombian peso: 12% vs. the dollar; 5.7% vs. the real; 8.8% vs. the Peruvian sol and 1.8% vs. the euro. Under other income we registered a 67.4% reduction mostly having to do with the booking of certain extraordinary items in the fourth quarter of 2022, in particular the sale of towers by Telmex and Claro Peru and the release of certain provisions in Puerto Rico.

At constant exchange rates service revenue was up 3.7% with mobile service revenue growing 4.2% and that from the fixed-line platform expanding 3.0%. Mobile revenue decelerated from the 4.8% pace seen the prior quarter whereas fixed-line revenue accelerated from the 2.2% rhythm of the third quarter. This is the fourth quarter in a row with growth in both the fixed-line and mobile platforms. For the full year 2023 it was the first one in three years with positive growth in both platforms.

Mobile service revenue growth remained stable in Mexico at 4.5% whereas in Brazil it slowed down from the prior quarter to 7.1%. In Central America mobile service revenue growth accelerated to 10.7%.

On the fixed-line platform service revenue expanded at a faster pace in Mexico and Colombia, going from 3.6% to 5.9% in Mexico and from 1.0% to 5.9% in the latter. They maintained their pace in Brazil and decelerated somewhat in Austria and Central America. Revenue from corporate networks led the way on the fixed-line platform, expanding 8.1% from the year-earlier quarter, followed closely by broadband revenue that posted a 6.6% increase. PayTV revenue declined slightly, 1.1%, its smallest decline in over a year.

Corporate networks revenue growth was strongest in Eastern Europe, 30.2%; Colombia, 21.6%; Ecuador, 19.5%; and Mexico and Peru, with slightly more than 14% each. In Central America it accelerated to 6.6%, having posted every quarter over the last year faster growth rates than the preceding one.

Fourth quarter EBITDA came in at 79.7 billion pesos, a 3.3% reduction in nominal peso terms. At constant exchange rates and adjusting for the extraordinary items mentioned above—i) the tower sales in Mexico and Peru, ii) the release of provisions in Puerto Rico and Ecuador that took place in the fourth quarter of 2022 and 2023, iii) the settlement in the price of Oi in the current period, and iv) the reversal of duties booked in Austria—it rose 4.6%. Our operating profit stood at 42.3 billion pesos, a 6.2% decrease from the year-earlier quarter. At constant exchange rates and adjusting for the extraordinary items mentioned before, it was up 4.6%.

Content
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Subscribers
América
Móvil
Consolidated
Mexico
Brazil
Colombia
Other South
America
Central
America and
Caribbean
Austria
Other
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Appendix
Glossary

LOGO

Comprehensive financing costs of 5.3 billion pesos were 5.9% higher than those of a year before, with net interest costs increasing 8.2%. We obtained foreign exchange gains of 7.3 billion pesos mostly on account of the Mexican peso strengthening vis-à-vis the dollar.

We booked a 26.4 billion pesos net profit, 67.8% higher than the one obtained a year before. The net profit for the full year came in at 82.8 billion pesos, a 12.8% increase over that obtained in 2022.

When Argentina is included in our consolidated income statement the impact is as follows:

1) total revenue in the fourth quarter is reduced by 3.7 billion pesos, to 200.7 billion pesos, with net service revenue also reduced, by 2.9 billion pesos, as is EBITDA, by 1.4 billion pesos—with EBITDA adjusted down to 78.3 billion pesos. These changes have to do with the requirement under IAS21 to convert flows into the currency of the consolidating entity using the exchange rate at the end of the period, there having been a major devaluation of the Argentine peso towards the end of the fourth quarter, which significantly reduced the Mexican peso value of the Argentine revenue and EBITDA streams relative to what had been recorded prior to this depreciation. A detailed explanation is presented under appendix B.

2) Comprehensive financing costs go up by 10.3 billion pesos with the inclusion of Argentina, mostly reflecting foreign exchange losses of 8.1 billion pesos in the country arising from lease and supplier debt as well as intercompany obligations.

3) Our net profit including Argentina is consequently lower than without Argentina, declining from 26.4 billion pesos in the latter case to 18.1 billion pesos. This figure, our net income, is equivalent to 29 peso cents per share and 33 dollar cents per ADR.

Including Argentina, our net debt excluding leases stood at 385.4 billion pesos in December, with the outstanding net debt having increased by 3.9 billion pesos throughout the year. Cashflow-wise our net debt increased by 21.1 billion pesos throughout the year, helping cover—together with our operating cash flow—capital expenditures in the amount of 156.3 billion pesos, shareholder distributions totaling 40.4 billion pesos—including 14.3 billion in share buybacks—and 11.8 billion pesos in labor obligations.

Content
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Relevant<br><br><br>events
Subscribers
América
Móvil
Consolidated
Mexico
Brazil
Colombia
Other South
America
Central
America and
Caribbean
Austria
Other
European
Currency
Exchange
Rates
Appendix
Glossary

LOGO

AméricaMóvil’s Income Statement Proforma (excludes Argentina)^(1)^<br><br><br>Millions of Mexican pesos
4Q23 4Q22 Var.% Jan-Dec 23 Jan-Dec 22 Var.%
Service Revenue 167,646 167,767 -0.1% 656,789 671,633 -2.2%
Equipment Revenue 34,204 33,975 0.7% 123,252 124,306 -0.8%
Other Revenue 2,565 7,864 -67.4% 17,074 14,177 20.4%
Total Revenue **** 204,416 **** 209,606 **** -2.5% **** 797,115 **** 810,116 **** -1.6%
Cost of Service 50,378 51,406 -2.0% 199,672 206,945 -3.5%
Cost of Equipment 30,315 30,931 -2.0% 109,813 110,571 -0.7%
Selling, General & Administrative<br>Expenses 42,862 43,108 -0.6% 167,761 171,193 -2.0%
Others 1,182 1,743 -32.2% 6,967 5,040 38.2%
Total Costs and Expenses **** 124,736 **** 127,188 **** -1.9% **** 484,213 **** 493,750 **** -1.9%
EBITDA **** 79,680 **** 82,418 **** -3.3% **** 312,902 **** 316,367 **** -1.1%
% of Total Revenue 39.0% 39.3% 39.3% 39.1%
AdjustedEBITDA^(2)^ **** 78,069 **** 77,261 **** 1.0% **** 305,693 **** 311,210 **** -1.8%
% of Total Revenue 38.2% 37.8% 38.7% 38.7%
Depreciation &<br>Amortization 37,377 37,301 0.2% 146,727 149,833 -2.1%
EBIT **** 42,303 **** 45,116 **** -6.2% **** 166,175 **** 166,534 **** -0.2%
% of Total Revenue 20.7% 21.5% 20.8% 20.6%
Net Interest Expenses 9,360 8,653 8.2% 35,274 36,851 -4.3%
Other Financial Expenses 3,221 -4,408 173.1% 36,886 30,402 21.3%
Foreign Exchange Loss -7,270 769 n.m. -38,081 -34,294 -11.0%
Comprehensive Financing Cost (Income) **** 5,311 **** 5,014 **** 5.9% **** 34,079 **** 32,960 **** 3.4%
Income & Deferred Taxes 7,868 12,080 -34.9% 39,304 46,330 -15.2%
Net Income before Minority Interest andEquity Participation in Results of Affiliates **** 29,123 **** 28,023 **** 3.9% **** 92,791 **** 87,244 **** 6.4%
Equity Participation in Results of<br>Affiliates -1,641 -1,857 11.6% -5,370 -1,809 -196.8%
Minority Interest -1,061 -1,026 -3.4% -4,663 -5,316 12.3%
Net Income from Continued Operations **** 26,421 **** 25,139 **** 5.1% **** 82,759 **** 80,118 **** 3.3%
Net Income from Discontinued Operations **** - **** -9,391 **** 100.0% **** - **** -6,719 **** 100.0%
Net Income **** 26,421 **** 15,749 **** 67.8% **** 82,759 **** 73,399 **** 12.8%

^(1)^ Adjusted to reflect the deconsolidation of Claro Chile on account of the joint venture.

^(2)^ Adjusted for extraordinary items, particularly the sale of towers in 2023 by Telmex, Claro Peru and Claro Dominicana; and in 2022 by Telmex and Claro Peru. The release of certain provisions in Puerto Rico in 4Q22 and 4Q23, and Ecuador in 4Q22. The settlement of the price of Oi in 4Q23.

n.m. Not meaningful.

Content
Highlights
Relevant<br><br><br>events
Subscribers
América
Móvil
Consolidated
Mexico
Brazil
Colombia
Other South
America
Central
America and
Caribbean
Austria
Other
European
Currency
Exchange
Rates
Appendix
Glossary

LOGO

AméricaMóvil’s Income Statement Proforma (includes Argentina)^(1)^<br> <br><br><br><br>Millions of Mexican pesos
4Q23 4Q22 Var.% Jan-Dec 23 Jan-Dec 22 Var.%
Service Revenue 164,740 172,695 -4.6% 672,050 698,716 -3.8%
Equipment Revenue 33,417 35,381 -5.6% 126,859 131,516 -3.5%
Other Revenue 2,555 7,886 -67.6% 17,104 14,269 19.9%
Total Revenue **** 200,713 **** 215,962 **** -7.1% **** 816,013 **** 844,501 **** -3.4%
Cost of Service 49,469 53,107 -6.9% 204,613 215,510 -5.1%
Cost of Equipment 29,828 31,818 -6.3% 111,863 115,022 -2.7%
Selling, General & Administrative<br>Expenses 41,959 44,431 -5.6% 173,001 179,454 -3.6%
Others 1,191 1,851 -35.7% 6,966 5,010 39.0%
Total Costs and Expenses **** 122,446 **** 131,207 **** -6.7% **** 496,443 **** 514,997 **** -3.6%
EBITDA **** 78,267 **** 84,755 **** -7.7% **** 319,570 **** 329,505 **** -3.0%
% of Total Revenue 39.0% 39.2% 39.2% 39.0%
Adjusted EBITDA^(2)^ **** 76,656 **** 79,598 **** -3.7% **** 312,361 **** 324,348 **** -3.7%
% of Total Revenue 38.2% 37.8% 38.6% 38.7%
Depreciation &<br>Amortization 36,459 40,069 -9.0% 151,786 158,634 -4.3%
EBIT **** 41,808 **** 44,685 **** -6.4% **** 167,784 **** 170,871 **** -1.8%
% of Total Revenue 20.8% 20.7% 20.6% 20.2%
Net Interest Expenses 9,267 8,607 7.7% 34,917 36,435 -4.2%
Other Financial Expenses 5,502 -4,585 220.0% 26,815 19,116 40.3%
Foreign Exchange Loss 840 4,279 -80.4% -14,654 -20,762 29.4%
Comprehensive Financing Cost (Income) **** 15,609 **** 8,301 **** 88.0% **** 47,078 **** 34,790 **** 35.3%
Income & Deferred Taxes 5,431 10,387 -47.7% 34,544 46,044 -25.0%
Net Income before Minority Interest andEquity Participation in Results of Affiliates **** 20,767 **** 25,998 **** -20.1% **** 86,161 **** 90,037 **** -4.3%
Equity Participation in Results of<br>Affiliates -1,640 -1,859 11.8% -5,372 -1,811 -196.6%
Minority Interest -1,065 -1,038 -2.6% -4,679 -5,347 12.5%
Net Income from Continued Operations **** 18,062 **** 23,100 **** -21.8% **** 76,111 **** 82,878 **** -8.2%
Net Income from Discontinued Operations **** - **** -9,391 **** 100.0% **** - **** -6,719 **** 100.0%
Net Income **** 18,062 **** 13,710 **** 31.7% **** 76,111 **** 76,159 **** -0.1%

^(1)^ Adjusted to reflect the deconsolidation of Claro Chile on account of the joint venture.

^(2)^ Adjusted for extraordinary items, particularly the sale of towers in 2023 by Telmex, Claro Peru and Claro Dominicana; and in 2022 by Telmex and Claro Peru. The release of certain provisions in Puerto Rico in 4Q22 and 4Q23, and Ecuador in 4Q22. The settlement of the price of Oi in 4Q23.

n.m. Not meaningful.

Content
Highlights
Relevant<br><br><br>events
Subscribers
América
Móvil
Consolidated
Mexico
Brazil
Colombia
Other South
America
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Other
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Appendix
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Balance Sheet - AméricaMóvil Consolidated (includes Argentina)^(1)^ ****<br> <br>****Millions of Mexican Pesos
Dec ’23 Dec ’22 Var.% Dec ’23 Dec ’22 Var.%
Current Assets CurrentLiabilities
Cash, Marketable Securities & Other Short Term<br>Investments 100,353 122,129 -17.8% Short Term Debt 160,964 102,024 57.8%
Accounts Receivable 208,248 202,027 3.1% Lease-Related Debt 24,375 32,902 -25.9%
Other Current Assets 12,294 12,853 -4.3% Accounts Payable 153,328 165,342 -7.3%
Inventories 19,272 23,995 -19.7% Other Current Liabilities 185,740 188,608 -1.5%
**** 340,167 **** 361,004 **** -5.8% **** 524,407 **** 488,877 **** 7.3%
Non Current<br><br><br>Assets Non CurrentLiabilities
Plant & Equipment, gross 1,233,364 1,317,191 -6.4% Long Term Debt 339,713 408,565 -16.9%
-Depreciation 604,713 659,965 -8.4% Lease-Related Debt 100,794 101,247 -0.4%
Plant & Equipment, net 628,651 657,226 -4.3% Other Liabilities 177,569 181,581 -2.2%
Rights of Use 113,568 121,874 -6.8% **** 618,077 **** 691,393 **** -10.6%
Investments in Affiliates and Other Investments 29,295 30,957 -5.4%
Deferred Assets
Goodwill (Net) 146,079 141,121 3.5%
Intangible Assets 121,499 128,893 -5.7% Shareholder’s Equity 421,702 437,829 -3.7%
Deferred Assets 184,927 177,024 4.5%
Total Assets **** 1,564,186 **** 1,618,099 **** -3.3% Total Liabilitiesand Equity **** 1,564,186 **** 1,618,099 **** -3.3%

^(1)^ Includes current portion of Long Term Debt.

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Mexico

165k broadband net adds and 109k postpaid net gains

We added 417 thousand mobile subscribers in the fourth quarter, 109 thousand were postpaid clients, the highest figure in three years. On the fixed-line platform we gained 172 thousand RGUs, as broadband net adds shot up by 165 thousand, taking the total net adds for the year to 464 thousand.

Service revenue +4.9% YoY

Revenue was up slightly from the year-earlier quarter to 84.4 billion pesos, with service revenue expanding 4.9%, somewhat faster than the 4.3% pace observed the prior quarter. Sequentially service revenue growth remained roughly constant on the mobile platform at 4.5%, but it continued to accelerate on the fixed-line segment, to a 5.9% pace compared to the 3.6% one observed in the third quarter.

Broadband revenue +7.2% YoY

Fixed-line revenue was buoyed by that of corporate networks, up 14.1% year-on-year, with broadband revenue expanding 7.2%. It is of note that corporate network revenue already accounts for 26.8% of our fixed-line revenue. On the mobile platform prepaid revenue was the most dynamic business line, with revenue growing 5.2%. Other revenue was down 63% reflecting the sale of towers by Telmex a year ago.

Our EBITDA was off 2.5% because of the afore-mentioned tower effect. Adjusting for it, EBITDA rose 4.9%.

INCOMESTATEMENT - Mexico Millions of MxP
4Q23 4Q22 Var.% Jan-Dec 23 Jan-Dec 22 Var.%
TotalRevenue^(1)^ **** 84,447 **** 83,786 **** 0.8% **** 324,417 **** 309,204 **** 4.9%
Total Service Revenue 64,081 61,061 4.9% 249,958 236,884 5.5%
Total Equipment Revenue 18,735 18,337 2.2% 67,193 63,811 5.3%
Wireless Revenue 62,673 60,342 3.9% 238,266 225,359 5.7%
Service Revenue 44,039 42,142 4.5% 171,483 162,007 5.8%
Equipment Revenue 18,634 18,200 2.4% 66,783 63,352 5.4%
Fixed Line Revenue 20,143 19,056 5.7% 78,885 75,336 4.7%
Other Revenue 1,631 4,388 -62.8% 7,266 8,510 -14.6%
EBITDA **** 34,318 **** 35,212 **** -2.5% **** 132,308 **** 127,745 **** 3.6%
% total revenue 40.6% 42.0% 40.8% 41.3%
Adjusted EBITDA^(2)^ **** 34,260 **** 32,647 **** 4.9% **** 131,312 **** 125,179 **** 4.9%
% total revenue 40.6% 40.2% 40.6% 40.8%
EBIT **** 25,587 **** 27,023 **** -5.3% **** 97,973 **** 95,565 **** 2.5%
% total revenue 30.3% 32.3% 30.2% 30.9%

^(1)^Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions.

^(2)^ Adjusted for the sale of towers in Telmex.

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Mexico Operating Data

4Q23 4Q22 Var.%
Wireless Subscribers (thousands) **** 83,834 **** 82,851 **** 1.2%
Postpaid 14,998 14,650 2.4%
Prepaid 68,836 68,201 0.9%
ARPU (MxP) **** 176 **** 171 **** 3.1%
Churn (%) **** 3.3% **** 3.2% **** 0.1
Revenue Generating Units (RGUs)^(1)^ **** 21,171 **** 20,824 **** 1.7%
Fixed Lines 10,682 10,799 -1.1%
Broadband 10,489 10,025 4.6%

^(1)^ Fixed Line and Broadband.

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Brazil

1.8M postpaid net adds and 61k new broadband accesses

Net additions for the quarter came in at 1.9 million of which 1.8 million were postpaid subscribers, this figure includes 710 thousand machine-to-machine devices. Claro’s postpaid growth is the result of significant reduction in churn, acceleration of prepaid customer migrations and clear leadership in mobile number portability. On the fixed-line platform, we connected 61 thousand broadband accesses, but disconnected 105 thousand voice lines and 129 thousand PayTV subscriptions. Our wireless base ended the year just shy of 87 million subscribers, 4.4% more than at the end of 2022, and on the fixed-line segment we had 23.1 million RGUs.

Service revenue +3.8% YoY driven by mobile service +7.1% YoY

Total revenue expanded 5.0% year-on-year to 11.7 billion reais, with service revenue rising 3.8%. On the mobile platform service revenue was up 7.1% while fixed-line service revenue remained practically unchanged from a year before even in the face of 6.3% growth of fixed-line broadband revenue. The latter came about on account of an increased number of broadband accesses, but also of ARPU increases associated with our greater share of the ultrabroadband segment.

Adjusted EBITDA +7.3% YoY

The quarter’s EBITDA reached 5.1 billion reais including 162 million reais related to the settlement with Oi on the price of the mobile business acquired by Claro. Adjusting for this one-off effect, EBITDA would have risen 7.3% taking the EBITDA margin to 41.9%, 80 basis points higher than that of the year-earlier quarter.

INCOME STATEMENT - Brazil Millions of BrL ****

4Q23 4Q22 Var.% Jan-Dec 23 Jan-Dec 22 Var.%
TotalRevenue^(1)^ **** 11,718 **** 11,155 **** 5.0% **** 45,648 **** 42,498 **** 7.4%
Total Service Revenue 11,015 10,616 3.8% 43,396 40,886 6.1%
Wireless Revenue 6,786 6,208 9.3% 25,919 22,695 14.2%
Service Revenue 6,105 5,699 7.1% 23,797 21,181 12.4%
Equipment Revenue 682 509 33.9% 2,122 1,514 40.2%
Fixed Line Revenue 4,910 4,916 -0.1% 19,598 19,705 -0.5%
EBITDA **** 5,075 **** 4,579 **** 10.8% **** 19,075 **** 17,235 **** 10.7%
% total revenue 43.3% 41.1% 41.8% 40.6%
AdjustedEBITDA^(2)^ **** 4,913 **** 4,579 **** 7.3% **** 18,913 **** 17,235 **** 9.7%
% total revenue 41.9% 41.1% 41.4% 40.6%
EBIT **** 1,893 **** 1,647 **** 15.0% **** 6,679 **** 6,218 **** 7.4%
% total revenue 16.2% 14.8% 14.6% 14.6%

^(1)^ Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue.

^(2)^ Adjusted for the settlement with Oi on the price of the mobile business acquired by Claro.

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Brazil Operating Data
4Q23 4Q22 Var.%
Wireless Subscribers (thousands) **** 86,951 **** 83,260 **** 4.4%
Postpaid 51,488 46,954 9.7%
Prepaid 35,463 36,306 -2.3%
ARPU (BrL) **** 24 **** 22 **** 7.0%
Churn (%) **** 2.1% **** 4.3% **** (2.2)
Revenue Generating Units(RGUs)^(1)^ **** 23,089 **** 24,136 **** -4.3%

^(1)^ Fixed Line, Broadband and Television. The number of Pay TV units has been adjusted to the criteria by which we report to the local regulator.

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Colombia

538k wireless net adds, with 456k prepaid net adds

We added 538 thousand mobile clients in the fourth quarter—83 thousand postpaids and 456 thousand prepaid subs—and finished the year with 39.2 million subs, 4.5% more than at the end of 2022. We also had 9.4 million fixed-line RGUs in Colombia after adding 27 thousand units, approximately half of which were broadband accesses.

Fixed-line service revenue accelerated to 5.9% YoY

Fourth quarter revenue was up 3.8% from a year before to 3.9 trillion Colombian pesos. Service revenue came in 0.9% above last year’s, improving slightly from 0.2% in the prior quarter. The sequential improvement stems from the fixed-line segment posting 5.9% revenue growth—compared to 1.0% in the third quarter—and mobile service revenue declining 2.3% in the face of competitive pressure and price promotions.

EBITDA margin at 41.8% of revenue

EBITDA of 1.6 trillion Colombian pesos remained practically flat relative to the year-earlier quarter, with the EBITDA margin at 41.8% of revenue.

Spectrum for 5G deployment

In December we were granted the use of 80MHz of spectrum in the 3.5GHz frequency which will allow Claro to deploy 5G technology in the country. In addition, we were granted the use of an extra 10MHz in the 2.5GHz band that will benefit the quality of our 4.5G service. We are committed to continue to improve customer experience by adopting the latest technologies to develop the fastest and most reliable network.

INCOME STATEMENT - Colombia Billions of COP ****

4Q23 4Q22 Var.% Jan-Dec 23 Jan-Dec 22 Var.%
TotalRevenue^(1)^ **** 3,885 **** 3,742 **** 3.8% **** 15,154 **** 14,857 **** 2.0%
Total Service Revenue 2,922 2,896 0.9% 11,579 11,428 1.3%
Wireless Revenue 2,615 2,574 1.6% 10,169 10,108 0.6%
Service Revenue 1,740 1,781 -2.3% 6,894 6,893 0.0%
Equipment Revenue 875 793 10.3% 3,276 3,215 1.9%
Fixed Line Revenue 1,213 1,139 6.4% 4,790 4,640 3.3%
EBITDA **** 1,625 **** 1,623 **** 0.1% **** 6,321 **** 6,358 **** -0.6%
% total revenue 41.8% 43.4% 41.7% 42.8%
EBIT **** 797 **** 890 **** -10.5% **** 3,157 **** 3,660 **** -13.8%
% total revenue 20.5% 23.8% 20.8% 24.6%

^(1)^ Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue.

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Colombia Operating Data
4Q23 4Q22 Var.%
Wireless Subscribers (thousands)^(1)^ **** 39,240 **** 37,550 4.5%
Postpaid 10,217 9,695 5.4%
Prepaid 29,023 27,855 4.2%
ARPU (COP) **** 14,977 **** 16,072 -6.8%
Churn (%) **** 3.6% **** 3.6% (0.0)
Revenue Generating Units (RGUs)^(2)^ **** 9,440 **** 9,248 2.1%
^(1)^ Due to differences in the policy for accounting active subscribers, the figures in this report are different from those published by the Ministry of Communications of Colombia<br>(MinTIC).
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^(2)^ Fixed Line, Broadband and<br>Television.
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Peru

73k postpaid net adds

We gained 73 thousand new postpaid subscribers in the fourth quarter and disconnected ten thousand prepaids, with our subscriber base reaching 12.5 million subs at the end of December. On the fixed-line segment, we registered 34 thousand net disconnections of voice accesses with not much change in the other segments, ending the year with 1.9 million fixed-line RGUs.

Service revenue +3.0% YoY with fixed-line services +4.4% YoY

Revenue totaled 1.6 billion soles declining 9.2% year-on-year; the annual comparison is affected by the sale of towers that was booked in the fourth quarter of 2022. Service revenue was up 3.0% as fixed-line service revenue accelerated to a 4.4% pace from 2.7% in the third quarter. Corporate networks revenue increased 14.2% while broadband revenue rose 6.3% annually. In the mobile segment service revenue growth of 2.6% was mostly driven by postpaid revenue, up 3.3%.

Adjusted EBITDA +6.7% YoY

EBITDA for the period, 599 million Peruvian soles, was 6.7% higher—adjusting for the effect of tower sales a year before—than that of the year-earlier quarter. The EBITDA margin jumped 2.8 percentage points to 37.4%.

INCOME STATEMENT -Peru Millions of Soles
4Q23 4Q22 Var.% Jan-Dec 23 Jan-Dec 22 Var.%
Total Revenue^(1)^ **** 1,604 **** 1,766 **** -9.2% **** 7,226 **** 6,546 **** 10.4%
Total Service<br>Revenue 1,248 1,211 3.0% 4,892 4,693 4.2%
Wireless<br>Revenue 1,268 1,306 -2.9% 5,090 5,185 -1.8%
Service<br>Revenue 935 911 2.6% 3,679 3,515 4.6%
Equipment<br>Revenue 334 395 -15.5% 1,412 1,670 -15.5%
Fixed Line<br>Revenue 314 300 4.4% 1,214 1,178 3.1%
Other<br>Revenue 22 160 -86.5% 922 183 n.m.
EBITDA **** 599 **** 638 **** -6.1% **** 2,948 **** 2,240 **** 31.6%
% total<br>revenue 37.4% 36.1% 40.8% 34.2%
Adjusted EBITDA^(2)^ **** 599 **** 562 **** 6.7% **** 2,299 **** 2,163 **** 6.3%
% total<br>revenue 37.4% 34.6% 36.2% 33.8%
EBIT **** 277 **** 329 **** -15.7% **** 1,651 **** 1,040 **** 58.8%
% total<br>revenue 17.3% 18.6% 22.8% 15.9%

^(1)^ Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions.

^(2)^ Adjusted for the sale of towers in 2022.

n.m. Not meaningful.

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Peru OperatingData
4Q23 4Q22 Var.%
Wireless Subscribers(thousands) **** 12,510 **** 12,338 **** 1.4%
Postpaid 5,981 5,636 6.1%
Prepaid 6,529 6,702 -2.6%
ARPU(Sol) **** 25 **** 25 **** 1.6%
Churn(%) **** 4.2% **** 4.4% **** (0.2)
Revenue Generating Units(RGUs)^(1)^ **** 1,913 **** 1,994 **** -4.1%

^(1)^ Fixed Line, Broadband and Television.

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Ecuador

65k wireless net adds

We added 65 thousand mobile subscribers in the fourth quarter, 15 thousand of which were postpaid, ending the year with 9.4 million subs, 4.4% more than a year before. On the fixed-line platform we connected ten thousand new broadband accesses but disconnected five thousand voice lines, closing December with 560 thousand fixed-line RGUs.

Postpaid revenue growth +2.4% YoY

We faced during the quarter certain economic and security challenges that have had an impact on the quarter’s operating and financial performance. Service revenue came in 0.3% below that of last year mirroring the decline in mobile revenue as postpaid revenue growth of 2.4% failed to compensate a 3.6% decline in prepaid revenue. Additionally, fixed-line service revenue was off 0.7% year-over-year, in spite of the double digit growth of revenue from both corporate networks and PayTV services, which still account for a small share of total service revenue.

Adjusted EBITDA +4.8% YoY

EBITDA came in at 129 million dollars, a 4.8% year-on-year increase, correcting for one-offs booked in the fourth quarter of last year related to the freeing-up of reserves associated with certain payment obligations. Relative to revenue, the margin expanded 180 basis points (2.1 percentage points on an adjusted basis) to 48.5%. The increase in EBITDA is the result of extraordinary efforts to control expenses.

INCOME STATEMENT -Ecuador Millions of Dollars
4Q23 4Q22 Var.% Jan-Dec 23 Jan-Dec 22 Var.%
Total Revenue^(1)^ **** 266 **** 284 **** -6.2% **** 1,045 **** 1,049 **** -0.5%
Total Service<br>Revenue 231 232 -0.3% 914 906 0.8%
Wireless<br>Revenue 237 239 -0.8% 934 922 1.3%
Service<br>Revenue 205 205 -0.2% 809 800 1.0%
Equipment<br>Revenue 32 34 -4.6% 125 121 2.8%
Fixed Line<br>Revenue 27 27 -0.9% 107 109 -1.5%
Other<br>Revenue 3 18 -85.4% 4 19 -78.3%
EBITDA **** 129 **** 132 **** -2.5% **** 505 **** 488 **** 3.5%
% total<br>revenue 48.5% 46.6% 48.4% 46.5%
Adjusted EBITDA^(2)^ **** 129 **** 123 **** 4.8% **** 505 **** 479 **** 5.5%
% total<br>revenue 48.5% 46.3% 48.4% 46.4%
EBIT **** 94 **** 75 **** 25.3% **** 303 **** 286 **** 5.9%
% total<br>revenue 35.2% 26.3% 29.0% 27.3%

^(1)^ Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions.

^(2)^ Adjusted for one-offs booked in the fourth quarter of 2022 related to the freeing-up of reserves associated with certain payment obligations.

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Ecuador Operating<br>Data
4Q22 Var.%
Wireless Subscribers<br>(thousands) 9,426 **** 9,028 **** 4.4%
Postpaid 2,282 2,204 3.5%
Prepaid 7,144 6,823 4.7%
ARPU<br>(US) 7 **** 8 **** -4.7%
Churn<br>(%) 3.2% **** 3.1% **** 0.1
Revenue Generating Units<br>(RGUs)(1) 560 **** 614 **** -8.9%

All values are in US Dollars.

^(1)^ Fixed Line, Broadband and Television.

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Argentina

For comparison purposes all comments in this section related to annual variations of the presented period for Argentinarefer to figures in constant peso terms, that is, adjusted for inflation in accordance to NIC 29. Information for Uruguay and Paraguay is not presented in the table.

402k wireless net adds

We added 402 thousand wireless subscribers in the quarter, 124 thousand were contract clients. Our wireless base ended the period with 24.9 million subs, 4.4% more than a year before. On the fixed segment we continue to see strong momentum for broadband where we connected 51 thousand new accesses in the quarter taking the total adds to 125 thousand RGUs. Our base was up 26.1% over the year to 3.2 million RGUS.

Service revenue -6.0% YoY

Revenue came in 10.7% below last year’s service revenue that fell 6.0% in real terms. Growth on the fixed-line platform of 4.2%—supported by broadband and PayTV revenue—was offset out by the decline in mobile service revenue.

Devaluation of the currency affected dollar denominated costs

The quarter’s EBITDA fell 12.5% following the decline in revenue and exacerbated by the devaluation of the Argentinean peso that affected, in an important manner, our dollar denominated costs. The EBITDA margin for the period stood at 38.5% down from 39.3% in the last quarter of 2022.

In a public auction conducted in October, we were granted the use of 100MHz of spectrum in the 3300-3400MHz frequency to deploy 5G networks in Argentina.

INCOME STATEMENT -Argentina Millions of Constant ARS as of December 2023
4Q23 4Q22 Var.% Jan-Dec 23 Jan-Dec 22 Var.%
Total Revenue^(1)^ **** 210,592 **** 235,884 **** -10.7% **** 903,737 **** 984,416 **** -8.2%
Total Service<br>Revenue 172,608 183,643 -6.0% 729,668 775,042 -5.9%
Wireless<br>Revenue 178,915 204,942 -12.7% 775,976 866,077 -10.4%
Service<br>Revenue 141,151 153,467 -8.0% 603,366 659,347 -8.5%
Equipment<br>Revenue 37,763 51,475 -26.6% 172,610 206,729 -16.5%
Fixed Line<br>Revenue 31,457 30,175 4.2% 126,302 115,695 9.2%
EBITDA **** 81,085 **** 92,716 **** -12.5% **** 354,683 **** 395,235 **** -10.3%
% total<br>revenue 38.5% 39.3% 39.2% 40.1%
EBIT **** 68,236 **** 70,840 **** -3.7% **** 297,319 **** 315,933 **** -5.9%
% total<br>revenue 32.4% 30.0% 32.9% 32.1%

^(1)^ Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue.

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Argentina OperatingData
4Q23 4Q22 Var.%
Wireless Subscribers(thousands) **** 24,928 **** 23,875 **** 4.4%
Postpaid 9,448 9,159 3.2%
Prepaid 15,480 14,716 5.2%
ARPU(ARS) **** 1,582 **** 666 **** 137.6%
Churn(%) **** 1.2% **** 1.3% **** (0.1)
Revenue Generating Units (RGUs)^(1)^ **** 3,212 **** 2,547 **** 26.1%

^(1)^ Fixed Line, Broadband and Television.

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Central America

319k wireless net adds and 89k new fixed RGUs

Net additions in Central America added up to 319 thousand in the quarter; this figure includes 50 thousand postpaid subscribers. At the end of December we had a total of 17.3 million wireless subs, 3.6% more than a year before. We had net gains of 89 thousand fixed-line RGUs—including 37 thousand broadband accesses and 31 thousand PayTV subscriptions—to finish December with 4.9 million fixed RGUs.

Service revenue +8.4% YoY

Fourth quarter revenue increased 6.2% over the year to 635 million dollars. Service revenue growth accelerated from 8.0% in the third quarter to 8.4% in the current period on the back of 10.7% mobile service revenue growth, with each quarter over the last year posting faster growth than the precedent quarter. Fixed-line revenue increased 4.1% buoyed by corporate networks and broadband revenue, both of which observed their fastest pace of expansion over the last quarters. These services had been accelerating their rate of growth all throughout the year, as was the case with mobile service revenue.

EBITDA +6.6% YoY

Solid revenue growth on both platforms brought about a 6.6% increase in fourth quarter EBITDA that totaled 271 million dollars. The EBITDA margin for the period stood at 42.7% of revenue, 20 basis points higher than a year before.

INCOME STATEMENT - Central America Millions of Dollars

4Q23 4Q22 Var.% Jan-Dec 23 Jan-Dec 22 Var.%
Total Revenue^(1)^ **** 635 **** 598 **** 6.2% **** 2,477 **** 2,338 5.9%
Total Service<br>Revenue 558 515 8.4% 2,159 2,014 7.2%
Wireless<br>Revenue 438 407 7.6% 1,700 1,581 7.5%
Service<br>Revenue 372 336 10.7% 1,423 1,305 9.1%
Equipment<br>Revenue 66 71 -7.1% 277 276 0.1%
Fixed Line<br>Revenue 192 186 3.0% 760 737 3.2%
EBITDA **** 271 **** 254 **** 6.6% **** 1,041 **** 1,012 2.8%
% total<br>revenue 42.7% 42.5% 42.0% 43.3%
EBIT **** 132 **** 110 **** 19.8% **** 492 **** 518 -4.9%
% total<br>revenue 20.8% 18.4% 19.9% 22.1%

^(1)^ Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues includes other revenue.

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Brazil
Colombia
Other South
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Central
America and
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Austria
Other
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Currency
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Glossary

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Central America Operating Data

4Q22 Var.%
Wireless Subscribers<br>(thousands) 17,266 **** 16,673 3.6%
Postpaid 2,592 2,378 9.0%
Prepaid 14,674 14,296 2.6%
ARPU<br>(US) 7 **** 7 6.4%
Churn<br>(%) 5.7% **** 5.9% (0.3)
Revenue Generating Units<br>(RGUs)(1) 4,923 **** 4,624 6.5%

All values are in US Dollars.

^(1)^ Fixed Line, Broadband and Television.

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Caribbean

67k wireless net adds, 55k coming from the Dominican Republic

We added 67 thousand new wireless subscribers in the islands, 55 thousand in the Dominican Republic and 12 thousand in Puerto Rico. We ended December with 7.6 million subs altogether, 3.4% more than a year before. On the fixed-line platform we finished the year with 2.8 million RGUs after connecting 18 thousand new RGUs, of which 13 thousand were broadband accesses.

Service revenue +3.8% YoY and EBITDA +3.4% YoY in the Dominican Republic

Total revenue in the Dominican Republic was up 3.5% on the back of service revenue that rose 3.8%; accelerating from 3.4% in the prior quarter. Mobile service revenue increased 4.3% and the one from the fixed-line platform expanded 3.1%, almost twice as rapidly as in the prior quarter. EBITDA increased 1.0% as compared to the same period of 2022. The annual comparison is affected by a restatement of a depreciation charge of certain assets, organic EBITDA growth was 3.4% with an EBITDA margin of 51.1%.

EBITDA margin at 16% of revenue in Puerto Rico

In Puerto Rico we booked revenue of 232 million dollars in the quarter. Service revenue was down 2.3% compared to last year with declines in both platforms. EBITDA—adjusted by extraordinary revenue booked both in the fourth quarter 2023 and in the same period of last year—was up 34.2% with the adjusted margin reaching 16.1% of revenue.

INCOME STATEMENT - Caribbean Millions of Dollars

4Q23 4Q22 Var.% Jan-Dec 23 Jan-Dec 22 Var.%
Total Revenue^(1)^ **** 503 **** 584 **** -14.0% **** 2,087 **** 2,033 2.7%
Total Service<br>Revenue 431 436 -1.2% 1,717 1,716 0.1%
Wireless<br>Revenue 318 316 0.5% 1,237 1,241 -0.3%
Service<br>Revenue 253 255 -0.8% 1,013 1,011 0.2%
Equipment<br>Revenue 65 61 6.1% 224 229 -2.4%
Fixed Line<br>Revenue 183 184 -0.8% 719 715 0.6%
EBITDA **** 191 **** 293 **** -34.8% **** 831 **** 835 -0.5%
% total<br>revenue 38.0% 50.1% 39.8% 41.1%
Adjusted EBITDA^(2)^ **** 176 **** 167 **** 5.6% **** 730 **** 709 3.0%
% total<br>revenue 35.0% 33.4% 37.3% 36.4%
EBIT **** 83 **** 204 **** -59.1% **** 430 **** 485 -11.3%
% total<br>revenue 16.6% 34.9% 20.6% 23.9%

^(1)^ Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other income.

^(2)^ Adjusted for the sale of towers in The Dominican Republic in 2023 and an extraordinary revenue booked in Puerto Rico in 2022 and 2023.

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Caribbean Operating Data

4Q22 Var.%
Wireless Subscribers<br>(thousands) 7,592 **** 7,345 3.4%
Postpaid 2,243 2,177 3.0%
Prepaid 5,349 5,168 3.5%
ARPU<br>(US) 11 **** 12 -4.2%
Churn<br>(%) 3.2% **** 3.2% (0.0)
Revenue Generating Units<br>(RGUs)(1) 2,787 **** 2,774 0.5%

All values are in US Dollars.

^(1)^ Fixed Line, Broadband and Television.

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Austria

318k wireless net adds

We registered wireless net additions of 318 thousand in Austria most of which originated in the machine-to-machine business. We finished the year with 10.2 million wireless subscribers which is 14.1% more than a year before. On the fixed-line segment we reached 2.8 million fixed-line RGUs having disconnected 24 thousand RGUs, most of them voice lines.

Wireless service revenue+3.3% YoY

Fourth quarter revenue totaled 714 million euros, 0.6% higher than that of a year before, with service revenue rising 1.8% year-on-year. Wireless service revenue rose 3.3% whereas fixed-line service revenue increased 0.6%. PayTV revenue rose 11.6% while revenue from broadband and corporate networks increased 2.4% and 2.0%, respectively.

EBITDA margin of 37.5% of revenue

EBITDA for the quarter was 276 million euros, up 12.9% year-on-year. This figure includes the reversal of a duties booked the prior quarter associated with the tower spin-off. Adjusting for this effect, EBITDA growth was practically flat and the margin would have been equivalent to 37.5% of revenue.

INCOME STATEMENT - Austria Millions of<br>Euros
4Q23 4Q22 Var.% Jan-Dec 23 Jan-Dec 22 Var.%
Total Revenue^(1)^ **** 714 **** 710 **** 0.6% **** 2,798 **** 2,752 **** 1.7%
Total Service<br>Revenue 626 615 1.8% 2,463 2,414 2.0%
Wireless<br>Revenue 332 326 1.9% 1,287 1,248 3.1%
Service<br>Revenue 272 263 3.3% 1,070 1,032 3.7%
Equipment<br>Revenue 60 63 -4.4% 217 217 0.0%
Fixed Line<br>Revenue 370 372 -0.6% 1,461 1,452 0.6%
EBITDA **** 276 **** 245 **** 12.9% **** 1,064 **** 1,040 **** 2.3%
% total<br>revenue 38.7% 34.5% 38.0% 37.8%
Adjusted EBITDA^(2)^ **** 268 **** 268 **** -0.1% **** 1,115 **** 1,113 **** 0.2%
% total<br>revenue 37.5% 37.8% 39.9% 40.4%
EBIT **** 118 **** 112 **** 5.3% **** 493 **** 495 **** -0.5%
% total<br>revenue 16.5% 15.8% 17.6% 18.0%

For further detail please visit www.a1.group/en/investor-relations

^(1)^ Total revenue includes other revenue.

^(2)^ Adjusted for the reversal of duties associated with the tower spin-off in 4Q23. Excludes restructuring charges.

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AustriaOperating Data
4Q23 4Q22 Var.%
WirelessSubscribers (thousands) 5,127 5,157 -0.6%
Postpaid 4,070 4,074 -0.1%
Prepaid 1,056 1,083 -2.5%
A1 DigitalSubscribers (thousands) 5,108 3,816 33.9%
ARPU (Euros)^(1)^ 18 17 3.7%
Churn (%)^(1)^ 1.3% 1.2% 0.1
Revenue Generating Units (RGUs)^(2)^ 2,847 2,946 -3.4%

^(1)^ Does not include A1 Digital subscribers.

^(2)^ Fixed Line, Broadband and Television.

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Other European

62k postpaid net adds and 25k new broadband accesses

Altogether we gained 62 thousand postpaid subscribers in Eastern Europe but disconnected 266 thousand prepaids bringing our wireless base to just over 15 million mobile subscribers. On the fixed-line platform Bulgaria and Belarus led the way. We connected 25 thousand new broadband accesses and the same number of PayTV units, but disconnected five thousand voice lines. At the end of December we had 3.4 million fixed-line RGUs, 5.1% more than a year before.

Fixed-line service revenue +14.5% YoY

Total revenue reached 661 million euros, 4.3% more than a year before, on the back of fixed-line service revenue that expanded 14.5% as mobile revenue growth was flat. Corporate networks revenue is the most dynamic business line rising 30.2% followed by broadband revenue, up 13.6% annually. The annual comparison in the financials is affected by the 26.1% devaluation of the Belarusian ruble in the fourth quarter: at constant exchange rates service revenue growth was 9.9%.

EBITDA+7.9% YoY

EBITDA was up 7.9% in euros—15.5% at constant exchange rates—as a result of strong top line growth and cost controls. The margin for the period stood at 33.2% of revenue, up 1.1 percentage points.

INCOME STATEMENT - Other EuropeanMillions of Euros
4Q23 4Q22 Var.% Jan-Dec 23 Jan-Dec 22 Var.%
Total Revenue^(1)^ **** 661 **** 633 **** 4.3% **** 2,484 **** 2,286 **** 8.7%
Total Service<br>Revenue 489 470 4.0% 1,911 1,778 7.5%
Wireless<br>Revenue 469 467 0.3% 1,821 1,732 5.1%
Service<br>Revenue 342 341 0.1% 1,368 1,315 4.0%
Equipment<br>Revenue 127 126 0.9% 453 417 8.7%
Fixed Line<br>Revenue 179 155 15.2% 616 511 20.5%
EBITDA **** 219 **** 203 **** 7.9% **** 915 **** 849 **** 7.8%
% total<br>revenue 33.2% 32.0% 36.8% 37.1%
EBIT **** 99 **** 90 **** 10.5% **** 478 **** 432 **** 10.8%
% total<br>revenue 15.0% 14.2% 19.3% 18.9%

For further detail please visit www.a1.group/en/investor-relations

^(1)^ Revenue reflects eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue includes other revenue.

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OtherEuropean Operating Data
4Q23 4Q22 Var.%
WirelessSubscribers (thousands) 15,011 14,924 0.6%
Postpaid 12,333 12,186 1.2%
Prepaid 2,678 2,739 -2.2%
ARPU(Euros) 8 7 4.6%
Churn(%) 2.2% 2.1% 0.1
Revenue Generating Units (RGUs)^(1)^ 3,423 3,257 5.1%

^(1)^ Fixed Line, Broadband and Television.

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Exchange Rates Local Currency Units per MxP ****
4Q22 Var. % Jan-Dec 23 Jan-Dec 22 Var. %
Euro
End of<br>Period 0.0551 18.5 % 0.0653 0.0551 18.5 %
Average 0.0518 18.2 % 0.0609 0.0524 16.2 %
End of<br>Period 0.0515 14.9 % 0.0592 0.0515 14.9 %
Average 0.0507 12.1 % 0.0563 0.0497 13.3 %
Brazilean<br>Real
End of<br>Period 0.2688 6.6 % 0.2866 0.2688 6.6 %
Average 0.2666 5.7 % 0.2813 0.2565 9.7 %
Argentinean<br>Peso
End of<br>Period 9.1252 424.4 % 47.8557 9.1252 424.4 %
Average 8.2286 208.8 % 16.6551 6.4865 156.8 %
Colombian<br>Peso
End of<br>Period 247.7658 -8.7 % 226.2438 247.7658 -8.7 %
Average 243.9310 -5.0 % 243.8049 211.2658 15.4 %
Guatemalan<br>Quetzal
End of<br>Period 0.4045 14.6 % 0.4633 0.4045 14.6 %
Average 0.3982 11.9 % 0.4410 0.3850 14.6 %
Peruvian<br>Sol
End of<br>Period 0.1968 11.7 % 0.2198 0.1968 11.7 %
Average 0.1979 8.8 % 0.2110 0.1907 10.6 %
Dominican<br>Republic Peso
End of<br>Period 2.9107 18.7 % 3.4564 2.9107 18.7 %
Average 2.7829 16.8 % 3.1631 2.7426 15.3 %
Belarusian<br>Ruble
End of<br>Period 0.1416 14.9 % 0.1627 0.1416 14.9 %
Average 0.1394 12.1 % 0.1547 0.1352 14.4 %

All values are in US Dollars.

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Exchange Rates Local Currency Units per ****
4Q22 Var. % Jan-Dec 23 Jan-Dec 22 Var. %
Euro
End of<br>Period 1.0705 3.1 % 1.1039 1.0705 3.1 %
Average 1.0216 5.4 % 1.0815 1.0543 2.6 %
Mexican<br>Peso
End of<br>Period 19.4143 -13.0 % 16.8935 19.4143 -13.0 %
Average 19.7122 -10.8 % 17.7617 20.1283 -11.8 %
Brazilean<br>Real
End of<br>Period 5.2177 -7.2 % 4.8413 5.2177 -7.2 %
Average 5.2546 -5.7 % 4.9959 5.1625 -3.2 %
Argentinean<br>Peso
End of<br>Period 177.1600 356.3 % 808.4500 177.1600 356.3 %
Average 162.2034 175.3 % 295.8217 130.5631 126.6 %
Colombian<br>Peso
End of<br>Period 4,810.2000 -20.5 % 3,822.0500 4,810.2000 -20.5 %
Average 4,808.4075 -15.3 % 4,330.3837 4,252.4255 1.8 %
Guatemalan<br>Quetzal
End of<br>Period 7.8522 -0.3 % 7.8270 7.8522 -0.3 %
Average 7.8491 -0.2 % 7.8336 7.7485 1.1 %
Peruvian<br>Sol
End of<br>Period 3.8200 -2.8 % 3.7130 3.8200 -2.8 %
Average 3.9017 -3.0 % 3.7469 3.8390 -2.4 %
Dominican<br>Republic Peso
End of<br>Period 56.5100 3.3 % 58.3900 56.5100 3.3 %
Average 54.8567 4.2 % 56.1826 55.2039 1.8 %

All values are in US Dollars.

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Appendix A

Financial<br>Debt of América Móvil(1) Millions
Dec -22
Peso - denominated<br>debt (MxP) 142,607 **** 97,134
Bonds(2) 89,927 53,554
Banks and<br>others 52,680 43,580
U.S. Dollar - denominated debt () 8,496 **** 8,521
Bonds 8,496 8,496
Banks and<br>others 0 25
Euro - denominated<br>Debt () 6,542 **** 7,045
Bonds 5,472 6,099
Commercial<br>Paper 510 125
Banks and<br>others 560 821
Sterling - denominated<br>Debt () 2,200 **** 2,200
Bonds 2,200 2,200
Reais - denominated<br>Debt (BRL) 8,250 **** 10,691
Bonds 8,250 9,050
Banks and<br>others 0 1,641
Debt denominated in<br>other currencies (MxP)(3) 16,441 **** 10,220
Bonds 5,098 5,889
Banks and<br>others 11,343 4,331
Total Debt<br>(MxP) 500,677 **** 510,589
Cash, Marketable<br>Securities and Short Term Financial Investments (MxP)(4) 115,268 129,110
Net Debt<br>(MxP) 385,409 **** 381,479

All values are in US Dollars.

^(1)^ This table does not include the effect of forwards and derivatives used to hedge our foreign exchange exposure. It includes financial debt of Telekom Austria.

^(2)^ Includes the effect of inflation-linked debt. ^^

^(3)^ Includes Peruvian soles. ^^

^(4)^ Includes fixed income securities.

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América Móvil’s Income Statement Proforma^(1)^

Millions of Mexican pesos

4Q23 Argentina 4Q23<br><br><br>w/oArgentina 4Q22 Argentina 4Q22<br><br><br>w/oArgentina Jan-Dec23 Argentina Jan-Dec 23w/oArgentina Jan-Dec22 Argentina Jan-Dec 22w/oArgentina
Service Revenue 164,740 -2,906 167,646 172,695 4,928 167,767 672,050 15,261 656,789 698,716 27,083 671,633
Equipment Revenue 33,417 -787 34,204 35,381 1,406 33,975 126,859 3,607 123,252 131,516 7,210 124,306
Other Revenue 2,555 -10 2,565 7,886 22 7,864 17,104 30 17,074 14,269 92 14,177
Total Revenue **** 200,713 **** -3,703 **** 204,416 **** 215,962 **** 6,356 **** 209,606 **** 816,013 **** 18,898 **** 797,115 **** 844,501 **** 34,385 **** 810,116
Cost of Service 49,469 -909 50,378 53,107 1,701 51,406 204,613 4,941 199,672 215,510 8,565 206,945
Cost of Equipment 29,828 -487 30,315 31,818 887 30,931 111,863 2,050 109,813 115,022 4,451 110,571
Selling, General & Administrative Expenses 41,959 -903 42,862 44,431 1,323 43,108 173,001 5,240 167,761 179,454 8,261 171,193
Others 1,191 9 1,182 1,851 108 1,743 6,966 -1 6,967 5,010 -30 5,040
Total Costs and Expenses **** 122,446 **** -2,290 **** 124,736 **** 131,207 **** 4,019 **** 127,188 **** 496,443 **** 12,230 **** 484,213 **** 514,997 **** 21,247 **** 493,750
EBITDA **** 78,267 **** -1,413 **** 79,680 **** 84,755 **** 2,337 **** 82,418 **** 319,570 **** 6,668 **** 312,902 **** 329,505 **** 13,138 **** 316,367
% of Total Revenue 39.0% 38.2% 39.0% 39.2% 36.8% 39.3% 39.2% 35.3% 39.3% 39.0% 38.2% 39.1%
Adjusted EBITDA^(2)^ **** 76,656 **** 78,069 **** 79,598 **** 77,261 **** 312,361 **** 305,693 **** 324,348 **** 311,210
% of Total Revenue 38.2% 38.2% 37.8% 37.8% 38.6% 38.7% 38.7% 38.7%
Depreciation & Amortization 36,459 -918 37,377 40,069 2,768 37,301 151,786 5,059 146,727 158,634 8,801 149,833
EBIT **** 41,808 **** -495 **** 42,303 **** 44,685 **** -431 **** 45,116 **** 167,784 **** 1,609 **** 166,175 **** 170,871 **** 4,337 **** 166,534
% of Total Revenue 20.8% 13.4% 20.7% 20.7% -6.8% 21.5% 20.6% 8.5% 20.8% 20.2% 12.6% 20.6%
Net Interest Expenses 9,267 -93 9,360 8,607 -46 8,653 34,917 -357 35,274 36,435 -416 36,851
Other Financial Expenses 5,502 2,281 3,221 -4,585 -177 -4,408 26,815 -10,071 36,886 19,116 -11,286 30,402
Foreign Exchange Loss 840 8,110 -7,270 4,279 3,510 769 -14,654 23,427 -38,081 -20,762 13,532 -34,294
Comprehensive Financing Cost (Income) **** 15,609 **** 10,298 **** 5,311 **** 8,301 **** 3,287 **** 5,014 **** 47,078 **** 12,999 **** 34,079 **** 34,790 **** 1,830 **** 32,960
Income & Deferred Taxes 5,431 -2,437 7,868 10,387 -1,693 12,080 34,544 -4,760 39,304 46,044 -286 46,330
Net Income before Minority Interest and Equity Participation in Results of Affiliates **** 20,767 **** -8,356 **** 29,123 **** 25,998 **** -2,025 **** 28,023 **** 86,161 **** -6,630 **** 92,791 **** 90,037 **** 2,793 **** 87,244
Equity Participation in Results of Affiliates -1,640 1 -1,641 -1,859 -2 -1,857 -5,372 -2 -5,370 -1,811 -2 -1,809
Minority Interest -1,065 -4 -1,061 -1,038 -12 -1,026 -4,679 -16 -4,663 -5,347 -31 -5,316
Net Income from ContinuedOperations **** 18,062 **** -8,359 **** 26,421 **** 23,100 **** -2,039 **** 25,139 **** 76,111 **** -6,648 **** 82,759 **** 82,878 **** 2,760 **** 80,118
Net Income from DiscontinuedOperations **** - **** - **** - **** -9,391 **** - **** -9,391 **** 0 **** 0 **** -6,719 **** -6,719
Net Income **** 18,062 **** -8,359 **** 26,421 **** 13,710 **** -2,039 **** 15,749 **** 76,111 **** -6,648 **** 82,759 **** 76,159 **** 2,760 **** 73,399

^(1)^ Adjusted to reflect the deconsolidation of Claro Chile on account of the new joint venture.

^(2)^ Adjusted for extraordinary items, particularly the sale of towers in 2023 by Telmex, Claro Peru and Claro Dominicana; and in 2022 by Telmex and Claro Peru. The release of certain provisions in Puerto Rico in 4Q22 and 4Q23, and Ecuador in 4Q22. The settlement of the price of Oi in 4Q23.

n.m. Not meaningful.

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Appendix B

Effects of the Consolidation of Argentina’s Operations in 4Q23<br><br><br>Millions of MxP
ExchangeRates CPI Revenue EBITDA
(1) Cumulative<br>Jan- Sep Flows in ARP at September prices 446,123 159,546
(2) Cumulative<br>Jan-Sep Flows in MxP at the exchange rate observed end of September 0.0507 22,601 8,083
(3) Cumulative<br>Jan-Sep Flows in ARP at December prices converted into MxP at the exchange rate observed at the end of December 0.0209 1.5516 14,465 5,173
(4) Net Difference in MxP terms of Jan-Sep Flows relative to what had been reported in Sep after considering December exchange rates **** (8,136) **** (2,910)
(5)<br>Oct-Dec Flows in ARP at December prices 212,155 71,590
(6)<br>Oct-Dec Flows in MxP converted at the end of December exchange rates 0.0209 4,433 1,497
(7) Equals 4 + 6 **** (3,703) **** (1,413)

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Glossary of Terms

ARPU Average Revenue per User. The ratio of service revenue in a given period to the average number of wireless subscribers in the same period.
Capex Capital Expenditure. Accrued capital expenditures related to the expansion of the telecommunications infrastructure.
Churn Disconnection Rate. The ratio of wireless subscribers disconnected during a given period to the number of wireless subscribers at the beginning of that period.
EBIT Earnings Before Interest and Taxes, also known as Operating Profit.
EBIT margin The ratio of EBIT to total operating revenue.
EBITDA Earnings Before Interest, Taxes, Depreciation, and Amortization.
EBITDAaL Earnings Before Interest, Taxes, Depreciation, and Amortization. Adjusted after lease payments.
EBITDA<br><br><br>margin The ratio of EBITDA to total operating revenue.
EPS (Mexican pesos) Earnings per share. Total earnings in Mexican pesos divided by total shares.
Earnings per ADR (US$) Total earnings in U.S. dollars divided by total ADRs equivalent.
Gross additions Total number of subscribers acquired during the period.
Licensed pops Licensed population. Population covered by the licenses that each of the companies manage.
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Glossary of Terms

Market share A company’s subscribers base divided by the total number of subscribers in that country.
MBOU Megabytes of Use per subscriber. The ratio of wireless data in a given period to the average number of wireless subscribers in that same period. It is presented on a monthly basis.
Net subscriber additions The difference in the subscriber base from one period to another. It is the different between gross additions and disconnections
Net debt Total short and long term debt minus cash and marketable securities.
Net debt/<br><br><br>EBITDA The ratio of total short and long-term debt minus cash and securities to trailing 12-month income before interest, taxes, depreciation and amortization.
Prepaid Subscriber that may recharge a mobile phone. The client does not hold a contract with the company.
Postpaid Subscriber that has a contract for the use of voice and data, mobile WiFi routers and machine-to-machine devices.
SAC Subscriber Acquisition Cost. The sum of handset subsidies, marketing expenses and commissions to distributors for handset activation. Handset subsidy is calculated as the difference between equipment cost and<br>equipment revenue.
Wireless penetration The ratio of total wireless subscribers in any given country divided by the total population in that country.
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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: February 16, 2024

AMÉRICA MÓVIL, S.A.B. DE C.V.
By : /s/ Carlos José García Moreno Elizondo
Name: Carlos José García Moreno Elizondo
Title: **** Chief Financial Officer