6-K

AMERICA MOVIL SAB DE CV/ (AMX)

6-K 2023-10-19 For: 2023-10-19
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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 October, 2023

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 third quarter of 2023.

We added 3.0 million wireless subscribers in the third quarter, including 2.0 million<br>postpaid clients over half of which came from Brazil. Austria contributed 406 thousand postpaids—including IoT devices—Colombia 104 thousand and Mexico 93 thousand. Organically, our postpaid base was up 3.7% year-on-year to 119 million subscribers.
In the prepaid segment we added 950 thousand subscribers. Our Eastern European block<br>contributed 204 thousand net adds, Brazil 193 thousand, Colombia 173 thousand and Argentina 93 thousand.
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On the fixed-line platform we obtained 223 thousand broadband accesses, including<br>65 thousand in Argentina, 64 thousand in Brazil and 30 thousand in Central America, bringing the total to 31.6 million accesses, 3.2% more than a year before.
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Third quarter revenue, 203.8 billion pesos, was down 3.3% year-on-year in nominal peso terms reflecting the appreciation of the Mexican peso vs all other currencies in our region of operations. At constant exchange rates service revenue increased 3.8%.
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Fixed-line service revenue was up 2.2% at constant exchange rates having risen from the 0.2% pace<br>seen in the second half of last year. In several countries we had among the highest, if not the highest, net broadband additions in the past three years. Others, including Mexico, posted their most rapid broadband revenue growth in at least one year
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Mobile service revenue was up 4.8%<br>year-on-year at constant exchange rates with postpaid revenue rising 6.0% and prepaid revenue 2.9%.
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EBITDA came in at 79.9 billion pesos, down 3.6% annually in nominal peso terms. At constant<br>exchange rates, EBITDA was up 5.0%. Adjusting for the sale of towers in Mexico and Peru during the quarter and one-off events in Austria, it rose 3.9%. The EBITDA margin for the quarter stood at 39.2%.
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Our operating profit totaled 41.5 billion pesos in the quarter. After comprehensive financing<br>costs of 29.7 billion pesos—including 4.7 billion pesos impairment charge on our investment **** in the Claro/VTR JV— it resulted in a net profit of 2.0 billion pesos.
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Our cash flow plus 12.2 billion pesos in net financing enabled us to cover most of our capital<br>expenditures of 100.2 billion pesos and shareholder distributions of 24.0 billion pesos.
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At the end of September our net debt-excluding leases-stood at 389.7 billion pesos. It was<br>equivalent to a net debt-to-EBITDA ratio of 1.43.
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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

We will host our conference call to discuss 3Q23 financial and operating results on October 18th at9:00 am Mexico City time. To access the call please log on to www.americamovil.com/investors

LOGO

América Móvil Fundamentals
3Q23 3Q22
Earnings per Share (Mex$)^(1)^ 0.03 0.28
Earning per ADR (US$)^(2)^ 0.04 0.28
EBITDA per Share (Mex$)^(3)^ 1.27 1.30
EBITDA per ADR (US$) 1.49 1.28
Net Income (millions of Mex$) 2,028 17,969
Average Shares Outstanding<br>(billion) 63.1 63.8
Shares Outstanding End of Period<br>(billion) 62.9 63.6

^(1)^ Net Income / Average Shares Outstanding

^(2)^ 20 shares per ADR

^(3)^ EBITDA / Average Shares Outstanding

América Móvil’s Subsidiaries as of September 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 57.1%
EuroTeleSites towers 57.0%
Brazil Claro wireless/wireline 99.6%
Colombia Claro wireless/wireline 99.4%
Costa Rica Claro wireless/wireline 100.0%
Dominicana 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%
Netherlands KPN wireless/wireline 15.4%
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Consolidated
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Colombia
Other South
America
Central
America and
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Austria
Other
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Currency
Exchange
Rates
Appendix
Glossary

LOGO

Note

Upon its sale in July 2022 Claro Panama became a discontinued operation. Claro Chile did so as well upon the establishment ofthe joint venture with Liberty Latin America in October 2022. The financial statements presented in this report account for those operations as discontinued operations.

The reported figures for Argentina corresponding to the third quarter of 2023 are presented in accordance with IAS29reflecting the effects of inflationary accounting as the Argentinean economy is deemed to be hyperinflationary. All comparisons at constant exchange rates for América Móvil’s consolidated figures will exclude Argentina to ensureconsistency.

Relevant Events

Telekom Austria stake to 56.5%

On July 24th we acquired shares corresponding to 5.55% of the voting rights in Telekom Austria AG thereby increasing our overall stake in the company to 56.55%.

We completed the spin-off of EuroTeleSites

On September 22nd we completed the spin-off of EuroTeleSites AG and listed its shares on the Official Market of the Vienna Stock Exchange. Shareholders of Telekom Austria AG received one EuroTeleSites share for every four Telekom Austria shares they held. Telekom Austria transferred 13 thousand towers in six countries to EuroTeleSites together with debt in the amount of one billion euros. EuroTeleSites has received a Baa2 rating from Moody’s and BBB- from Fitch. Telekom Austria currently has an A- rating from both S&P and Fitch and a Baa1 rating from Moody’s.

Access Lines

3.0M wireless net adds, 2.0M were postpaid clients

We added nearly three million wireless subscribers in the third quarter of which two million were postpaid clients: 1.2 million from Brazil, 406 thousand from Austria—including 398 thousand from A1 digital—, 104 thousand from Colombia and 93 thousand from Mexico. On our prepaid platform we had net additions of 950 thousand clients during the period. Brazil gained 193 thousand, followed by Colombia with 173 thousand, and Mexico with 81 thousand.

223k new broadband accesses

In the fixed-line segment, we gained 223 thousand broadband accesses, with 65 thousand each from Argentina and Brazil. Voice lines and PayTV units decreased by 160 thousand and 58 thousand, respectively.

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

LOGO

Postpaid base +3.7% YoY and fixed-broadband accesses +3.2% YoY

At the end of September, our subscriber base totaled 306.2 million wireless subscribers, of which 119.3 million were postpaid clients. Additionally, we had 73.4 million fixed-line RGUs, which includes 31.6 million broadband accesses, 13.1 million Pay TV clients, and 28.8 million landlines. Year-on-year, our postpaid base increased 3.7%, prepaid 0.7%, and fixed-broadband accesses 3.2%.

Wireless subscribers as of September 2023
Total^(1)^<br>(Thousands)****
Country Sep ’23 Jun ’23 Var. % Sep ’22 Var. %
Argentina, Paraguay and Uruguay 27,614 27,462 0.6 % 26,789 3.1 %
Austria 9,917 9,511 4.3 % 8,651 14.6 %
Brazil^(2)^ 85,032 83,671 1.6 % 86,629 -1.8 %
Central America 16,947 16,834 0.7 % 16,381 3.5 %
Caribbean 7,525 7,469 0.8 % 7,276 3.4 %
Colombia 38,701 38,424 0.7 % 36,844 5.0 %
Eastern Europe 15,215 14,975 1.6 % 15,125 0.6 %
Ecuador 9,361 9,290 0.8 % 8,900 5.2 %
Mexico 83,417 83,243 0.2 % 81,808 2.0 %
Peru 12,447 12,323 1.0 % 12,256 1.6 %
Total Wireless Lines 306,176 303,202 1.0 % 300,658 1.8 %

^(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.

^(2)^ Reflects cleanup associated with the acquisition of Oi.

Fixed-Line and Other Accesses (RGUs) as of September2023
Total^(1)^<br>(Thousands)****
Country Sep ’23 Jun ’23 Var. % Sep ’22 Var. %
Argentina, Paraguay and Uruguay 3,417 3,250 5.1 % 2,676 27.7 %
Austria 2,872 2,892 -0.7 % 2,971 -3.3 %
Brazil^(2)^ 23,262 23,452 -0.8 % 24,302 -4.3 %
Central America 4,834 4,763 1.5 % 4,579 5.6 %
Caribbean 2,768 2,750 0.7 % 2,695 2.7 %
Colombia 9,413 9,334 0.8 % 9,184 2.5 %
Eastern Europe 3,378 3,357 0.6 % 3,183 6.1 %
Ecuador 555 615 -9.7 % 607 -8.5 %
Mexico 20,999 21,074 -0.4 % 21,121 -0.6 %
Peru 1,951 1,957 -0.3 % 1,993 -2.1 %
Total RGUs 73,449 73,444 0.0 % 73,310 0.2 %

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

^(2)^ The number of Pay TV units has been adjusted to the criteria by which we report to the local regulator.

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Móvil
Consolidated
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Other South
America
Central
America and
Caribbean
Austria
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Appendix
Glossary

LOGO

Broadband accesses as of September 2023
Total^(1)^ <br>(Thousands)****
Country Sep ’23 Jun ’23 Var. % Sep ’22 Var. %
Argentina, Paraguay and Uruguay 1,390 1,314 5.7 % 1,072 29.7 %
Austria 1,288 1,293 -0.4 % 1,317 -2.2 %
Brazil 9,930 9,866 0.6 % 9,749 1.9 %
Central America 1,515 1,485 2.0 % 1,402 8.0 %
Caribbean 1,036 1,022 1.4 % 987 5.0 %
Colombia 3,360 3,336 0.7 % 3,319 1.2 %
Eastern Europe 1,425 1,418 0.5 % 1,327 7.4 %
Ecuador 313 340 -7.8 % 336 -6.8 %
Mexico 10,324 10,304 0.2 % 10,121 2.0 %
Peru 992 972 2.1 % 965 2.8 %
Total Broadband Accesses 31,573 31,350 0.7 % 30,596 3.2 %

^(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.

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Appendix
Glossary

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América Móvil Consolidated Results

Buoyed by strong U.S. economic data—particularly on employment levels—and lingering inflation concerns, ten-year dollar interest rates shot up by approximately 80 basis points over a ten week span in the third quarter, to 4.6%, driving another bout of dollar-strengthening. By the end of the quarter there was practically no more hope that interest rates would decline in the latter part of the year and there was instead preoccupation that the Fed was still not done raising interest rates.

Third quarter revenue reached 204 billion pesos, a 3.3% year-on-year reduction in Mexican peso terms, with service revenue falling 4.3%. As has been the case throughout several quarters, these figures reflect the appreciation of the Mexican peso vs. all other currencies in our region of operations, reducing the Mexican peso value of our international revenue. At constant exchange rates, service revenue growth expanded 3.8%.

On the fixed-line platform service revenue remained on trend, increasing 2.2% year-on-year—having risen from the 0.2% pace seen in the second half of last year—whereas on the mobile platform it rose 4.8%.

Brazil attained a positive fixed-line service revenue growth of 0.1%. In Mexico and Colombia fixed-line revenue decelerated, remaining stable in Austria and surging in Eastern Europe, to 21.5%, and in Central America, to 5.0%. In both cases it was the most rapid pace in at least one year. The slowdown in Mexico had to do with corporate networks services—broadband revenue actually accelerated to 8.2%, its best showing in a decade—while in Colombia it was the other way around.

In several countries—Brazil, Peru, Colombia and Central America—we had among the highest, if not the highest, net broadband additions in the past three years. Others, including Mexico, Austria, Peru and Central America posted their most rapid broadband revenue growth in at least one year with Brazil and Eastern Europe sustaining strong growth rates. This led to our consolidated broadband revenue expanding at the fastest rate in more than two years, 6.4%.

It is important to note that revenue from corporate network services has been gaining share within our revenue. This quarter it became the second most important revenue line within the fixed-line platform after broadband services. It already accounts for 19% of fixed-line services overall, with this share reaching 39% in Austria, 30% in Eastern Europe, 25% in Mexico and 23% in Puerto Rico.

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Other South
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Central
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Austria
Other
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Currency
Exchange
Rates
Appendix
Glossary

LOGO

In the third quarter corporate network revenue was up 5.4% in Austria, 63% in Eastern Europe, 2.6% in Mexico and 9.0% in Puerto Rico, with the consolidated figure rising 6.5%.

On the mobile platform revenue growth decelerated in Mexico from 6.4% to 4.6% and picked up in Central America, to 9.5% from 8.8%, with Brazil’s adjusting to a normal pace after the incorporation of Oi mobile clients in the second quarter of 2022.

In Mexican peso terms EBITDA totaled 80 billion pesos, declining 3.6% from the year-earlier quarter, as the EBITDA margin remained practically flat at 39.2%. At constant exchange rates EBITDA increased 5.0% in the period, which reflects among other things the effect of tower sales in Mexico and Peru that took place in the period and one-off events in Austria. Correcting for these, adjusted EBITDA was up 3.9%.

Our operating profit stood at 41.5 billion pesos in the quarter, a 6.7% year-on-year reduction in Mexican peso terms which partly stems from the EBITDA decline mentioned above but also from a 17.6% increase in depreciation of rights of use associated with tower leases. Most of this effect had to do with the successful renegotiation a year before of certain lease agreements in Brazil that reduced Claro’s obligations.

Our comprehensive financing cost totaled 29.7 billion pesos, including an 8.8 billion pesos net interest expense, 3.9% lower than that registered a year before. Under other financial expenses there is a 4.7 billion pesos charge associated with the partial impairment of our stake in Claro Chile, our joint venture with Liberty Latin America pursuant to the valuation of the new JV under IFRS rules. Finally, our comprehensive financing costs also include a 12.3 billion pesos foreign exchange loss in the quarter, resulting principally from a 3.8% depreciation of the Mexican peso and the Brazilian real vs. the U.S. dollar.

Net income amounted to 2.0 billion pesos. It was equivalent to three peso cents per share or four dollar cents per ADR. Year-to-date our net income totaled 58.0 billion pesos.

Capital expenditures came in at 100.2 billlion pesos in the nine months to September whereas distributions to shareholders reached 24.0 billion pesos. These included share buybacks in the amount of 7.7 billion pesos and dividends of 16.3 billion and were partly funded by 3.7 billion pesos in dividend income.

As of September our net debt excluding leases totaled 389.7 billion pesos and was equivalent to 1.43 times LTM EBITDA. It was 8.3 billion pesos higher than the figure at the end-of-December. In cash flow terms we obtained net financing in the amount of 12.2 billion pesos in the period.

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

LOGO

América Móvil’s IncomeStatement Proforma^(1)^ Millions of Mexican<br>pesos
3Q23 3Q22 Var.% Jan-Sep 23 Jan-Sep 22 Var.%
Service Revenue 169,052 176,604 -4.3% 507,310 526,022 -3.6%
Equipment Revenue 31,105 31,936 -2.6% 93,441 96,134 -2.8%
Total Revenue^(2)^ **** 203,842 **** 210,793 **** -3.3% **** 615,300 **** 628,539 **** -2.1%
Cost of Service 51,989 54,643 -4.9% 155,144 162,403 -4.5%
Cost of Equipment 27,120 27,763 -2.3% 82,035 83,204 -1.4%
Selling, General & Administrative<br>Expenses 43,189 44,372 -2.7% 131,043 135,023 -2.9%
Others 1,648 1,165 41.5% 5,775 3,159 82.8%
Total Costs and Expenses **** 123,947 **** 127,944 **** -3.1% **** 373,997 **** 383,789 **** -2.6%
EBITDA **** 79,896 **** 82,849 **** -3.6% **** 241,303 **** 244,750 **** -1.4%
% of Total Revenue 39.2% 39.3% 39.2% 38.9%
Adjusted EBITDA **** 78,898^(3)^ **** 82,690^(3)^ **** -4.6% **** 235,704 **** 244,591 **** -3.6%
% of Total Revenue 38.9% 39.2% 38.8% 38.9%
Depreciation &<br>Amortization 38,353 38,334 0.0% 115,327 118,565 -2.7%
EBIT **** 41,543 **** 44,515 **** -6.7% **** 125,976 **** 126,185 **** -0.2%
% of Total Revenue 20.4% 21.1% 20.5% 20.1%
Net Interest Expenses 8,811 9,167 -3.9% 25,650 27,828 -7.8%
Other Financial Expenses 8,674 5,236 65.7% 21,313 23,701 -10.1%
Foreign Exchange Loss 12,255 1,836 n.m. -15,494 -25,041 38.1%
Comprehensive Financing Cost (Income) **** 29,740 **** 16,238 **** 83.1% **** 31,469 **** 26,489 **** 18.8%
Income & Deferred Taxes 6,350 11,528 -44.9% 29,113 35,657 -18.4%
Net Income before Minority Interest andEquity Participation in Results of Affiliates **** 5,453 **** 16,748 **** -67.4% **** 65,394 **** 64,039 **** 2.1%
Equity Participation in Results of<br>Affiliates -2,119 52 n.m. -3,731 48 n.m.
Minority Interest -1,306 -1,738 24.9% -3,614 -4,309 16.1%
Net Income from Continued Operations **** 2,028 **** 15,063 **** -86.5% **** 58,049 **** 59,778 **** -2.9%
Net Income from Discontinued Operations **** 0 **** 2,907 **** -100.0% **** 0 **** 2,672 **** -100.0%
Net Income **** 2,028 **** 17,969 **** -88.7% **** 58,049 **** 62,450 **** -7.0%

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

^(2)^ Total Revenue include Other Revenue.

^(3)^ Excludes the impact from the sale of towers in Peru and Telmex; and one-off events in Austria.

n.m. Not meaningful.

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Appendix
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Balance Sheet - América Móvil Consolidated^(1)^ **** Millions of Mexican Pesos
Sep ‘23 Dec ‘22 Var.% Sep ‘23 Dec ‘22 Var.%
Current Assets Current Liabilities
Cash, Marketable Securities & Other<br>Short Term Investments 102,788 122,129 -15.8% Short Term Debt 152,922 102,024 49.9%
Accounts Receivable 218,872 202,027 8.3% Lease-Related Debt 26,444 32,902 -19.6%
Other Current Assets 17,020 12,853 32.4% Accounts Payable 146,612 165,342 -11.3%
Inventories 20,565 23,995 -14.3% Other Current Liabilities 207,687 188,608 10.1%
**** 359,244 **** 361,004 **** -0.5% **** 533,665 **** 488,877 **** 9.2%
Non Current Assets Non Current Liabilities
Plant & Equipment,<br>gross 1,275,208 1,317,191 -3.2% Long Term Debt 354,122 408,565 -13.3%
-Depreciation 641,620 659,965 -2.8% Lease-Related Debt 105,024 101,247 3.7%
Plant & Equipment, net 633,588 657,226 -3.6% Other Liabilities 174,787 181,581 -3.7%
Rights of Use 120,011 121,874 -1.5% 633,933 691,393 -8.3%
Investments in Affiliates and Other<br>Investments 30,521 30,957 -1.4%
Deferred Assets
Goodwill (Net) 146,594 141,121 3.9%
Intangible Assets 120,066 128,893 -6.8% Shareholder’s Equity 424,544 437,829 -3.0%
Deferred Assets 182,118 177,024 2.9%
Total Assets **** 1,592,142 **** 1,618,099 **** -1.6% Total Liabilities and Equity **** 1,592,142 **** 1,618,099 **** -1.6%

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

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Mexico

173k wireless adds, 93k thousand postpaid clients

Our Mexican operation added 173 thousand mobile subscribers in the third quarter, with just over half, 93 thousand, being postpaid clients. On the fixed-line platform we disconnected 75 thousand RGUs, of which 95 thousand were fixed-voice lines, with broadband accesses increasing 20 thousand. In the nine months to September, we registered broadband net adss of 299 thousand compared to 84 thousand in the same period of 2022. At the end of September we had 16 million homes passed in FTTH and 76% of our clients already had a fiber access.

Broadband revenue +8.2% YoY

Our third quarter revenue totaled 81.9 billion pesos, a 7.5% increase over the year-earlier quarter.****This figure includes 952 million pesos from the sale of Telmex towers. Service revenue rose **** 4.3% to 62.6 billion pesos, with mobile service revenue decelerating to a 4.6% pace from 6.4% the prior quarter and fixed-line service revenue to 3.6% from 5.6%. The latter results from the drop in corporate networks revenue growth from 13.6% to 2.6%. Broadband revenue kept on accelerating to an 8.2% pace from 7.5% the prior quarter. Its best performance over 10 years.

EBITDA +6.6% YoY

EBITDA was up 6.6% to 33.3 billion pesos, with an EBITDA margin of 40.7%. Adjusting for the tower sale our EBITDA totaled 32.4 billion pesos and our EBITDA margin 40.0%.

Our 5G networks cover 42% of population in over 100 cities.

INCOMESTATEMENT - Mexico Millions of MxP
3Q23 3Q22 Var.% Jan-Sep 23 Jan-Sep 22 Var.%
Total Revenue^(1)^ **** 81,904 **** 76,215 **** 7.5% **** 239,970 **** 225,418 **** 6.5%
Total Service Revenue 62,637 60,064 4.3% 185,876 175,823 5.7%
Total Equipment Revenue 16,806 14,733 14.1% 48,458 45,473 6.6%
Wireless Revenue 59,626 55,659 7.1% 175,593 165,017 6.4%
Service Revenue 42,931 41,042 4.6% 127,444 119,865 6.3%
Equipment Revenue 16,695 14,618 14.2% 48,149 45,152 6.6%
Fixed Line Revenue 19,817 19,138 3.5% 58,742 56,280 4.4%
EBITDA **** 33,327 **** 31,250 **** 6.6% **** 97,989 **** 92,533 **** 5.9%
% total revenue 40.7% 41.0% 40.8% 41.0%
Adjusted EBITDA^(2)^ **** 32,390 **** 31,250 **** 3.6% **** 97,053 **** 92,533 **** 4.9%
% total revenue 40.0% 41.0% 40.6% 41.0%
EBIT **** 24,654 **** 23,165 **** 6.4% **** 72,385 **** 68,543 **** 5.6%
% total revenue 30.1% 30.4% 30.2% 30.4%

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

Total revenue include other income.

^(2)^EBITDA figures reflect the sale of towers.

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Mexico Operating Data

3Q23 3Q22 Var.%
Wireless Subscribers (thousands) **** 83,417 **** 81,808 **** 2.0%
Postpaid 14,889 14,582 2.1%
Prepaid 68,527 67,226 1.9%
ARPU (MxP) **** 173 **** 168 **** 2.5%
Churn (%) **** 3.1% **** 3.3% **** (0.2)
Revenue Generating Units (RGUs)^(1)^ **** 20,999 **** 21,121 **** -0.6%
Fixed Lines 10,675 11,000 -3.0%
Broadband 10,324 10,121 2.0%

^(1)^ Fixed Line and Broadband.

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Brazil

1.2M postpaid net adds and 64k new broadband accesses

We added 1.4 million wireless subscribers—most of them, 1.2 million, were postpaid—ending September with 85.0 million subscribers. On the fixed-line platform we gained 64 thousand broadband accesses, our best result in three years. Although PayTV units continued to decrease, 123 thousand in the quarter, they did so at a much smaller pace than we have seen for the last several years. Altogether we had 23.3 million RGUs at the end the quarter.

Service revenue +5.2% YoY

Revenue totaled 11.5 billion reais in the third quarter. It was up 6.4% year-on-year, with service revenue increasing 5.2%, slightly less than the 6.1% increase posted the previous quarter. On the mobile platform service revenue advanced 9.7% whereas it increased 0.1% on the fixed-line segment, the first increase in six years. The increase in broadband revenue, 7.3%, was more than sufficient to offset the 13.2% drop in voice and the 5.3% fall in PayTV revenue.

EBITDA +9.3% YoY

EBITDA increased 9.3% in the quarter, to 4.8 billion reais, with the EBITDA margin reaching an all-time high of 41.6%.

Claro is the Fastest 5G Network in Brazil

Claro was presented with the award as the Fastest 5G Network in Brazil in the Speedtest Awards by Ookla, with its mobile internet providing the best experience for Videos and Games across all technologies. In addition, for the third time in as many years Claro received the “Empresa do Ano” award by “Anuario Telecom”, which looks at the financial performance of Brazil telcos.

Claro leader in 5G with 39% of the market share

We continue with the rollout of our 5G network and according to Anatel in its disclosure last August, Claro is the leader in 5G with a 39.0% market share.

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INCOME STATEMENT - Brazil Millions of BrL ****

3Q23 3Q22 Var.% Jan-Sep 23 Jan-Sep 22 Var.%
Total Revenue^(1)^ **** 11,489 **** 10,803 **** 6.4% **** 33,930 **** 31,343 **** 8.3%
Total Service Revenue 10,924 10,387 5.2% 32,381 30,270 7.0%
Wireless Revenue 6,526 5,890 10.8% 19,133 16,486 16.1%
Service Revenue 6,030 5,499 9.7% 17,693 15,482 14.3%
Equipment Revenue 496 392 26.8% 1,440 1,004 43.4%
Fixed Line Revenue 4,894 4,888 0.1% 14,688 14,789 -0.7%
EBITDA **** 4,784 **** 4,375 **** 9.3% **** 14,000 **** 12,656 **** 10.6%
% total revenue 41.6% 40.5% 41.3% 40.4%
EBIT **** 1,686 **** 1,764 **** -4.4% **** 4,786 **** 4,571 **** 4.7%
% total revenue 14.7% 16.3% 14.1% 14.6%

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

Total revenue include other income.

Brazil Operating Data
3Q23 3Q22 Var.%
Wireless Subscribers (thousands) **** 85,032 **** 86,629 **** -1.8%
Postpaid 49,698 48,937 1.6%
Prepaid 35,334 37,691 -6.3%
ARPU (BrL) **** 24 **** 21 **** 12.0%
Churn (%) **** 2.5% **** 2.7% **** (0.2)
Revenue Generating Units (RGUs)^(1)^ **** 23,262 **** 24,302 **** -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

277k wireless net adds

Mobile net additions totaled 277 thousand in the third quarter, including 104 thousand new contract clients. This took our wireless base to 38.7 million subscribers, 5.0% more than a year before. Fixed-line RGUs rose by 79 thousand acceses with a 24 thousand increase in broadband accesses, its best result in two years. We gained 47 thousand voice lines and 8 thousand PayTV clients. At the end of September our fixed-line RGUs totaled 9.4 million accesses.

Fixed-line service revenue +1.0% YoY

Third quarter revenue increased 1.3% over the year to 3.7 trillion Colombian pesos, as service revenue remained practically flat vs. the year-earlier quarter with revenue growth slowing down on both the fixed-line and the mobile platform. On the former, service revenue increased 1.0% compared to a 2.2% increase the prior quarter, whereas mobile service revenue fell by 0.4% after rising 0.6% the preceding period. Corporate networks revenue growth was a bright spot in the quarter: it stood at 21.8%.

EBITDA margin at 42.3% of revenue

In spite of pricing pressures and strong competition we managed to maintain our EBITDA at 1.6 trillion Colombian pesos. It resulted in an EBITDA margin of 42.3% in the quarter, slightly down from the 42.8% registered a year before.

INCOME STATEMENT - Colombia Billions of COP ****

3Q23 3Q22 Var.% Jan-Sep 23 Jan-Sep 22 Var.%
Total Revenue^(1)^ **** 3,739 **** 3,690 **** 1.3% **** 11,269 **** 11,115 **** 1.4%
Total Service Revenue 2,871 2,866 0.2% 8,657 8,532 1.5%
Wireless Revenue 2,491 2,494 -0.1% 7,554 7,534 0.3%
Service Revenue 1,719 1,726 -0.4% 5,153 5,112 0.8%
Equipment Revenue 772 769 0.4% 2,401 2,421 -0.8%
Fixed Line Revenue 1,181 1,168 1.1% 3,578 3,500 2.2%
EBITDA **** 1,581 **** 1,580 **** 0.1% **** 4,696 **** 4,735 **** -0.8%
% total revenue 42.3% 42.8% 41.7% 42.6%
EBIT **** 763 **** 905 **** -15.6% **** 2,360 **** 2,770 **** -14.8%
% total revenue 20.4% 24.5% 20.9% 24.9%

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

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Colombia Operating Data
3Q23 3Q22 Var.%
Wireless Subscribers (thousands)^(1)^ **** 38,701 **** 36,844 5.0%
Postpaid 10,134 9,535 6.3%
Prepaid 28,567 27,309 4.6%
ARPU (COP) **** 14,942 **** 15,894 -6.0%
Churn (%) **** 3.4% **** 3.7% (0.3)
Revenue Generating Units (RGUs)^(2)^ **** 9,413 **** 9,184 2.5%
^(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 Television.
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Peru

66k post paid net adds and 20k new broadband accesses

We registered net additions of 125 thousand mobile clients, of which 66 thousand were postpaid. Our postpaid base was up 7.0% over the year to finish the quarter with 5.9 million subscribers. On the fixed-line segment, we added 20 thousand new broadband accesses, our best performance in over two years. Altogether we had net disconnections of seven thousand accesses in the third quarter, having lost 24 thousand voice lines. Our fixed-line RGUs totaled nearly two million at the end of September.

Service revenue +3.9% YoY with mobile service revenue +4.3% YoY

Third quarter revenue increased 2.5% over the prior year to 1.6 billion soles; this figure includes 60 million soles from the sale of towers to Sitios Latam. Service revenue rose 3.9% in the same period. On the wireless segment, service revenue climbed 4.3% with postpaid revenue rising 4.7%, and that of prepaid accelerating to 3.0% from 0.6% in the prior quarter. Fixed-line service revenue increased 2.7%, on the back of broadband revenue that was up 5.7% and has been improving every quarter of 2023. PayTV and corporate networks services posted revenue increases of 8.1% and 7.4%, respectively.

EBITDA margin at 35.7% of revenue

Adjusted EBITDA, excluding tower sales, totaled 558 million soles, down 2.9% year-on-year. This decline had partly to do with a reduction in margins from equipment sales and increase costs of providing service in rural areas. The adjusted margin for the period stood at 35.7%.

INCOME STATEMENT -Peru Millions of Soles
3Q23 3Q22 Var.% Jan-Sep 23 Jan-Sep 22 Var.%
Total Revenue^(1)^ **** 1,624 **** 1,584 **** 2.5% **** 5,623 **** 4,780 **** 17.6%
Total Service<br>Revenue 1,235 1,188 3.9% 3,644 3,482 4.7%
Wireless<br>Revenue 1,250 1,279 -2.3% 3,822 3,880 -1.5%
Service<br>Revenue 929 891 4.3% 2,744 2,605 5.4%
Equipment<br>Revenue 321 388 -17.3% 1,078 1,275 -15.5%
Fixed Line<br>Revenue 306 297 2.7% 900 877 2.6%
EBITDA **** 599 **** 575 **** 4.1% **** 2,349 **** 1,601 **** 46.7%
% total<br>revenue 36.9% 36.3% 41.8% 33.5%
Adjusted EBITDA^(2)^ **** 558 **** 575 **** -2.9% **** 1,700 **** 1,601 **** 6.2%
% total<br>revenue 35.7% 36.3% 35.9% 33.5%
EBIT **** 280 **** 278 **** 0.4% **** 1,374 **** 711 **** 93.3%
% total<br>revenue 17.2% 17.6% 24.4% 14.9%

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

^(2)^EBITDA figures reflect the sale of towers.

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Peru OperatingData
3Q23 3Q22 Var.%
Wireless Subscribers(thousands) **** 12,447 **** 12,256 **** 1.6%
Postpaid 5,908 5,521 7.0%
Prepaid 6,539 6,735 -2.9%
ARPU(Sol) **** 25 **** 24 **** 3.4%
Churn(%) **** 4.2% **** 4.4% **** (0.2)
Revenue Generating Units(RGUs)^(1)^ **** 1,951 **** 1,993 **** -2.1%

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

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Ecuador

71k wireless net adds

Net subscriber additions in Ecuador amounted to 71 thousand, bringing the subscriber base to 9.4 million clients, which is 5.2% more than the previous year. In the fixed-line segment, we disconnected 60 thousand RGUs, including 26 thousand broadband accesses.

Slowed down in economic activity decelerate revenue

Political uncertainty and a slowed down in economic activity were behind the deceleration of our revenue in Ecuador. Third-quarter revenue of 259 million dollars was down 0.6% compared to the previous year, with service revenue dropping 0.8% as mobile service revenue declined 0.5% —mostly to do with the prepaid segment. Fixed-line service revenue was 3.3% lower than in the same quarter of the previous year.

We managed to increase EBITDA +2.2% YoY

We’ve redoubled our efforts to maintain margins and managed to increase our EBITDA by 2.2% year-on-year to 126 million dollars. This figure represents 48.6% of our revenue compared to 47.3% in the year-earlier quarter.

INCOMESTATEMENT—Ecuador Millions of Dollars
3Q23 3Q22 Var.% Jan-Sep 23 Jan-Sep 22 Var.%
Total Revenue^(1)^ **** 259 **** 260 **** -0.6% **** 779 **** 766 **** 1.7%
Total Service<br>Revenue 228 230 -0.8% 683 675 1.2%
Wireless<br>Revenue 231 233 -0.9% 697 683 2.0%
Service<br>Revenue 202 203 -0.5% 604 595 1.5%
Equipment<br>Revenue 29 30 -3.6% 93 88 5.7%
Fixed Line<br>Revenue 27 27 -0.3% 80 82 -1.6%
EBITDA **** 126 **** 123 **** 2.2% **** 376 **** 356 **** 5.7%
% total<br>revenue 48.6% 47.3% 48.3% 46.5%
EBIT **** 70 **** 71 **** -1.7% **** 210 **** 212 **** -1.0%
% total<br>revenue 26.9% 27.2% 26.9% 27.6%

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

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Ecuador Operating<br>Data
3Q22 Var.%
Wireless Subscribers<br>(thousands) 9,361 **** 8,900 **** 5.2%
Postpaid 2,268 2,170 4.5%
Prepaid 7,093 6,730 5.4%
ARPU<br>(US) 7 **** 8 **** -5.5%
Churn<br>(%) 3.1% **** 3.3% **** (0.2)
Revenue Generating Units<br>(RGUs)(1) 555 **** 607 **** -8.5%

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.

126k wireless net adds and 160k fixed-line new RGUs

Claro has been proactive in its efforts to roll out fiber and provide high-speed connectivity across more cities and towns. This initiative has resulted in solid growth: we added 160 thousand new fixed-line RGUs during the period, bringing our total to just over three million, which is 31.0% more than a year before. Argentina continues to be our fastest-growing operation in the fixed-line segment. On the mobile platform, we gained 126 thousand wireless subscribers, including 33 thousand postpaid subs. At the end of September our wireless base reached 24.5 million, marking a 3.2% increase from the prior year.

Fixed-line service revenue growth of 19.0% YoY

Revenue for the quarter decreased 7.7% in real terms compared to the same period last year, reaching 145.1 million Argentinean pesos, almost exclusively on account of lower equipment sales. However, service revenue remained practically flat in after-inflation terms, buoyed by the strong growth in the fixed-line platform. Fixed-line service revenue experienced an 19.0% increase in the quarter, up from 15.2% in the second quarter and after a 0.6% decline in the first quarter. The revenue from PayTV and broadband saw significant growth, increasing by 59.5% and 18.7%, respectively.

Important improvement in mobile service revenue

On the mobile platform service revenue registered a 3.6% drop after inflation, representing an important improvement after 7.8% and 13.9% declines in the previous quarters. Postpaid revenue remained practically flat after inflation but revenue from prepaid services fell 14.6% in real terms.

EBITDA down 10.9% YoY in real terms

The 130% devaluation of the Argentinean peso during the period and the ensuing inflationary pressure impacted our EBITDA. It registered a 10.9% year-on-year decrease in real terms, to 56.4 million Argentinean pesos. The EBITDA margin for the period was 38.9%, slightly below the 40.2% observed a year before.

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INCOME STATEMENT -Argentina Millions of Constant ARS as of September 2023
3Q23 3Q22 Var.% Jan-Sep 23 Jan-Sep 22 Var.%
Total Revenue^(1)^ **** 145,053 **** 157,233 **** -7.7% **** 445,830 **** 481,346 **** -7.4%
Total Service<br>Revenue 118,408 118,598 -0.2% 358,304 380,302 -5.8%
Wireless<br>Revenue 123,463 138,946 -11.1% 384,028 425,145 -9.7%
Service<br>Revenue 97,174 100,754 -3.6% 297,298 325,308 -8.6%
Equipment<br>Revenue 26,289 38,192 -31.2% 86,729 99,837 -13.1%
Fixed Line<br>Revenue 21,235 17,844 19.0% 61,006 54,994 10.9%
EBITDA **** 56,372 **** 63,267 **** -10.9% **** 175,977 **** 194,537 **** -9.5%
% total<br>revenue 38.9% 40.2% 39.5% 40.4%
EBIT **** 48,055 **** 51,652 **** -7.0% **** 147,346 **** 157,608 **** -6.5%
% total<br>revenue 33.1% 32.9% 33.0% 32.7%

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

Argentina OperatingData
3Q23 3Q22 Var.%
Wireless Subscribers(thousands) **** 24,526 **** 23,775 **** 3.2%
Postpaid 9,324 9,072 2.8%
Prepaid 15,202 14,702 3.4%
ARPU(ARS) **** 1,187 **** 571 **** 107.9%
Churn(%) **** 1.4% **** 1.5% **** (0.1)
Revenue Generating Units(RGUs)^(1)^ **** 3,087 **** 2,356 **** 31.0%

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

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Central America

113k wireless net adds and 71k new fixed RGUs

Our operations in Central America added 113 thousand mobile subscribers in the third quarter, with half being postpaid. At the end of September we had 17 million clients, 3.5% more than a year before. In the fixed-line segment, we recorded net additions of 71 thousand RGUs, including 30 thousand broadband accesses—one of our strongest showings of the last three years—and 27 thousand PayTV units. Overall, fixed-line RGUs stood at 4.8 million at the end of the period, a 5.6% increase compared to the prior year.

Service revenue +8.0% YoY with mobile service revenue +9.5% YoY

Revenue increased 5.5% to 622 million dollars, with service revenue growing 8.0%, up from 7.2% in the prior quarter. Mobile service revenue growth surged 9.5%, with postpaid services outpacing prepaid; the former grew by 10.1%, while the latter saw a 9.1% increase. We also observed faster growth in our fixed-line service revenue, which rose by 5.0% in the third quarter, compared to 4.4% in the second quarter and 1.9% in the first. Our efforts in broadband and PayTV are yielding positive results, with broadband revenue accelerating to a 5.9% pace, its best performance in more than a year, as was the case also with revenue from corporate network services, up 5.2%. PayTV revenue was up 8.4%.

EBITDA +3.8% YoY

With greater operating leverage and diligent cost controls our EBITDA rose 3.8%. Standing at 262 million dollars, it represented 42.1% of revenue.

INCOME STATEMENT ^(1)^ - Central America Millions of Dollars

3Q23 3Q22 Var.% Jan-Sep 23 Jan-Sep 22 Var.%
Total Revenue^(2)^ **** 622 **** 589 **** 5.5% **** 1,842 **** 1,740 5.9%
Total Service<br>Revenue 545 505 8.0% 1,601 1,499 6.8%
Wireless<br>Revenue 427 401 6.7% 1,262 1,174 7.5%
Service<br>Revenue 360 329 9.5% 1,051 969 8.5%
Equipment<br>Revenue 67 72 -6.5% 211 205 2.5%
Fixed Line<br>Revenue 191 183 4.2% 569 551 3.2%
EBITDA **** 262 **** 252 **** 3.8% **** 770 **** 758 1.6%
% total<br>revenue 42.1% 42.8% 41.8% 43.5%
EBIT **** 122 **** 134 **** -9.0% **** 360 **** 408 -11.6%
% total<br>revenue 19.6% 22.7% 19.6% 23.4%

^(1)^The table reflects the sale of Panama.

^(2)^Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.

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Central America OperatingData^(1)^

3Q22 Var.%
Wireless Subscribers<br>(thousands) 16,947 **** 16,381 3.5%
Postpaid 2,542 2,333 9.0%
Prepaid 14,405 14,049 2.5%
ARPU<br>(US) 7 **** 7 5.2%
Churn<br>(%) 5.8% **** 5.9% (0.1)
Revenue Generating Units<br>(RGUs)(2) 4,834 **** 4,579 5.6%

All values are in US Dollars.

^(1)^The table reflects the sale of Panama.

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

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Caribbean

42k wireless net adds in the Dominican Republic

Net additions in the mobile segment came in at 42 thousand for Dominicana and 15 thousand for Puerto Rico whereas on the fixed-line platform the former added just over one thousand RGUs and the latter 17 thousand.

Service revenue+3.4% YoY in the Dominican Republic

Total revenue in the islands came in at 484 million dollars in the third quarter, flat relative to the prior year, with service revenue down 2.6% in the period. In Dominicana we posted 3.4% service revenue growth as that from mobile increased 4.6% and that from the fixed-line platform 1.7%. Mobile postpaid and fixed-broadband revenue led the expansion, rising 7.5% and 9.5%, respectively. In Puerto Rico service revenue dropped 4.5% with mobile falling 6.9% dragged down by postpaid, and fixed-line revenue declining 0.9% as the increase in broadband, corporate networks and PayTV revenue failed to compensate for the declines observed in the voice segment.

EBITDA margin at 37.4% ofrevenue

EBITDA of 181 million dollars in the quarter was down 0.5% year-on-year and the combined margin was equivalent to 37.4% of revenue. Dominicana posted a 1.8% EBITDA increase in its local currency, while that of Puerto Rico was down 2.1%.

INCOME STATEMENT - CaribbeanMillions of Dollars

3Q23 3Q22 Var.% Jan-Sep 23 Jan-Sep 22 Var.%
Total Revenue^(1)^ **** 484 **** 489 **** -1.0% **** 1,584 **** 1,448 9.4%
Total Service<br>Revenue 424 435 -2.6% 1,286 1,280 0.5%
Wireless<br>Revenue 300 307 -2.1% 919 925 -0.6%
Service<br>Revenue 247 255 -3.0% 760 756 0.5%
Equipment<br>Revenue 53 52 2.3% 159 168 -5.6%
Fixed Line<br>Revenue 181 184 -1.7% 536 531 1.0%
EBITDA **** 181 **** 182 **** -0.5% **** 640 **** 542 18.1%
% total<br>revenue 37.4% 37.2% 40.4% 37.4%
Adjusted EBITDA^(2)^ **** 181 **** 182 **** -0.5% **** 598 **** 542 10.4%
% total<br>revenue 37.4% 37.2% 41.1% 37.4%
EBIT **** 80 **** 95 **** -16.3% **** 347 **** 282 23.2%
% total<br>revenue 16.5% 19.5% 21.9% 19.4%

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

^(2)^EBITDA figures reflect the sale of towers.

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Caribbean Operating Data

3Q22 Var.%
Wireless Subscribers<br>(thousands) 7,525 **** 7,276 3.4%
Postpaid 2,227 2,162 3.0%
Prepaid 5,298 5,114 3.6%
ARPU<br>(US) 11 **** 12 -6.5%
Churn<br>(%) 3.2% **** 3.2% 0.0
Revenue Generating Units<br>(RGUs)(1) 2,768 **** 2,695 2.7%

All values are in US Dollars.

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

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Austria

406k wireless net adds, 396k from A1 Digital

Wireless net additions reached 406 thousand, marking a record high in at least four years. This figure includes 398 thousand IoT additions from A1 Digital. At the end of September we had 9.9 million subscribers, a 14.6% increase from September 2022. On the fixed-line platform, we disconnected 20 thousand units—including five thousand entry-level broadband accesses and 14 thousand voice lines—bringing the total RGUs to 2.9 million.

Mobile servicerevenue +3.9% YoY

Our third quarter revenue, 704 million Euros, was barely higher than in the previous year, although service revenue was up 2.5% on the back of a 3.9% increase in mobile revenue, with that of postpaid growing 4.6% and that of prepaid declining 3.9%. On the fixed-line platform, service revenue was 1.3% higher year-on-year. We observed an acceleration from the prior quarter of revenue from corporate networks (5.4%), PayTV (8.9%), and broadband (5.6%). However, fixed-line voice revenue plummeted by 16.6% year-on-year, canceling most of the increase obtained in the other revenue lines.

EBITDA margin at 41.6% of revenue

Third quarter EBITDA came in at 286 million euros, down 2.2% from a year before, with a 40.6% EBITDA margin. The spin-off of EuroTeleSites in September led to the payment of certain duties that were partly offset by the release of provisions. Correcting for the net effect on EBITDA of the above and the freeing up of certain provisions on labor costs carried out in the third quarter of 2022, adjusted EBITDA totaled 293 million euros, a 3.1% year-on-year increase, with the Adjusted EBITDA margin at 41.6%.

INCOME STATEMENT - Austria Millions of Euros

3Q23 3Q22 Var.% Jan-Sep 23 Jan-Sep 22 Var.%
Total Revenue^(1)^ **** 704 **** 702 **** 0.3% **** 2,084 **** 2,042 2.0%
Total Service<br>Revenue 622 608 2.5% 1,837 1,799 2.1%
Wireless<br>Revenue 323 319 1.3% 955 923 3.5%
Service<br>Revenue 275 264 3.9% 798 769 3.9%
Equipment<br>Revenue 48 55 -11.4% 157 154 1.8%
Fixed Line<br>Revenue 368 371 -0.9% 1,092 1,081 1.0%
EBITDA **** 286 **** 292 **** -2.2% **** 787 **** 795 -1.0%
% total<br>revenue 40.6% 41.6% 37.8% 38.9%
Adjusted EBITDA^(2)^ **** 293 **** 284 **** 3.1% **** 794 **** 787 0.9%
% total<br>revenue 41.6% 40.5% 38.1% 38.5%
EBIT **** 150 **** 154 **** -2.6% **** 377 **** 383 -1.6%
% total<br>revenue 21.3% 21.9% 18.1% 18.8%

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

^(1)^Total revenue include other income.

^(2)^Excludes one-off effects.

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Austria Operating Data

3Q23 3Q22 Var.%
Wireless Subscribers(thousands) **** 5,142 **** 5,148 -0.1%
Postpaid 4,075 4,065 0.2%
Prepaid 1,067 1,082 -1.4%
A1 Digital Subscribers(thousands) **** 4,775 **** 3,503 36.3%
ARPU (Euros)^(1)^ **** 18 **** 17 3.7%
Churn (%)^(1)^ **** 1.2% **** 1.1% 0.1
Revenue Generating Units (RGUs)^(2)^ **** 2,872 **** 2,971 -3.3%

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

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

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Other European

240k wireless net adds

Our operations in Eastern Europe added a total of 240 thousand mobile subscribers, of which 35 thousand were postpaid. We also added 22 thousand fixed-line RGUs in the quarter, eight thousand of which were broadband accesses. At the end of the period, we had 3.4 million fixed-line RGUs, representing a 6.1% increase year-on-year.

Fixed-line service revenue +21.5% YoY

Revenue increased by 5.4% over the year, to 633 million euros. Service revenue growth slowed to 7.1% from 8.4% in the previous quarter, as mobile service revenue growth declined to 2.3% from 5.2%. The deceleration in mobile revenue growth is partly attributed to the devaluation of the Belarusian ruble. Revenue from the fixed-line platform surged 21.5%, accelerating from the 17.7% growth observed in the previous quarter. This was buoyed by corporate networks revenue, which soared 63.0%, and by revenue from broadband and PayTV, which grew by 16.0% and 5.7%, respectively.

EBITDA +4.8% YoY

EBITDA for the period rose 4.8% to 248 million euros, with the margin accounting for 39.2% of revenue.

INCOME STATEMENT - Other EuropeanMillions of Euros
3Q23 3Q22 Var.% Jan-Sep 23 Jan-Sep 22 Var.%
Total Revenue^(1)^ **** 633 **** 601 **** 5.4% **** 1,824 **** 1,653 **** 10.4%
Total Service<br>Revenue 505 471 7.1% 1,422 1,308 8.7%
Wireless<br>Revenue 468 459 2.0% 1,353 1,265 6.9%
Service<br>Revenue 361 353 2.3% 1,026 974 5.4%
Equipment<br>Revenue 107 106 1.2% 326 291 12.1%
Fixed Line<br>Revenue 156 130 20.5% 437 356 22.9%
EBITDA **** 248 **** 237 **** 4.8% **** 696 **** 646 **** 7.7%
% total<br>revenue 39.2% 39.5% 38.2% 39.1%
EBIT **** 143 **** 131 **** 8.5% **** 380 **** 342 **** 11.2%
% total<br>revenue 22.5% 21.9% 20.8% 20.7%

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

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

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OtherEuropean Operating Data
3Q23 3Q22 Var.%
WirelessSubscribers (thousands) 15,215 15,125 0.6%
Postpaid 12,271 12,140 1.1%
Prepaid 2,944 2,985 -1.4%
ARPU(Euros) 8 8 5.7%
Churn(%) 1.6% 1.6% 0.0
Revenue Generating Units (RGUs)^(1)^ 3,378 3,183 6.1%

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

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Exchange Rates Local Currency Units per MxP ****
3Q22 Var. % Jan-Sep 23 Jan-Sep 22 Var. %
Euro
End of<br>Period 0.0502 18.7 % 0.0596 0.0502 18.7 %
Average 0.0490 30.1 % 0.0608 0.0463 31.2 %
End of<br>Period 0.0492 14.5 % 0.0564 0.0492 14.5 %
Average 0.0494 18.8 % 0.0561 0.0493 13.7 %
Brazilean<br>Real
End of<br>Period 0.2663 6.1 % 0.2825 0.2663 6.1 %
Average 0.2591 10.5 % 0.2811 0.2532 11.0 %
Argentinean<br>Peso
End of<br>Period 7.2551 172.1 % 19.7392 7.2551 172.1 %
Average 6.6997 173.7 % 13.7772 5.9218 132.7 %
Colombian<br>Peso
End of<br>Period 223.1909 3.3 % 230.4495 223.1909 3.3 %
Average 216.2132 9.9 % 247.7523 200.6756 23.5 %
Guatemalan<br>Quetzal
End of<br>Period 0.3882 14.2 % 0.4433 0.3882 14.2 %
Average 0.3832 20.3 % 0.4396 0.3807 15.5 %
Peruvian<br>Sol
End of<br>Period 0.1962 9.2 % 0.2142 0.1962 9.2 %
Average 0.1923 12.2 % 0.2095 0.1884 11.2 %
Dominican<br>Republic Peso
End of<br>Period 2.6505 21.2 % 3.2123 2.6505 21.2 %
Average 2.6716 24.5 % 3.1341 2.7295 14.8 %

All values are in US Dollars.

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Exchange Rates Local Currency Units per ****
3Q22 Var. % Jan-Sep 23 Jan-Sep 22 Var. %
Euro
End of<br>Period 1.0202 3.6 % 1.0573 1.0202 3.6 %
Average 0.9927 9.6 % 1.0831 0.9388 15.4 %
Mexican<br>Peso
End of<br>Period 20.3058 -12.7 % 17.7287 20.3058 -12.7 %
Average 20.2412 -15.8 % 17.8232 20.2670 -12.1 %
Brazilean<br>Real
End of<br>Period 5.4066 -7.4 % 5.0076 5.4066 -7.4 %
Average 5.2444 -6.9 % 5.0102 5.1318 -2.4 %
Argentinean<br>Peso
End of<br>Period 147.3200 137.5 % 349.9500 147.3200 137.5 %
Average 135.6090 130.5 % 245.5540 120.0163 104.6 %
Colombian<br>Peso
End of<br>Period 4,532.0700 -9.9 % 4,085.5700 4,532.0700 -9.9 %
Average 4,376.4089 -7.4 % 4,415.7488 4,067.0982 8.6 %
Guatemalan<br>Quetzal
End of<br>Period 7.8837 -0.3 % 7.8583 7.8837 -0.3 %
Average 7.7571 1.3 % 7.8344 7.7150 1.5 %
Peruvian<br>Sol
End of<br>Period 3.9840 -4.7 % 3.7970 3.9840 -4.7 %
Average 3.8928 -5.5 % 3.7343 3.8181 -2.2 %
Dominican<br>Republic Peso
End of<br>Period 53.8200 5.8 % 56.9500 53.8200 5.8 %
Average 54.0757 4.8 % 55.8604 55.3196 1.0 %

All values are in US Dollars.

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Appendix

Financial<br>Debt of América Móvil(1) Millions
Dec -22
Peso - denominated<br>debt (MxP) 139,658 **** 97,134
Bonds(2) 83,378 53,554
Banks and<br>others 56,280 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 () 6,804 **** 7,045
Bonds 5,472 6,099
Commercial<br>Paper 657 125
Banks and<br>others 675 821
Sterling - denominated<br>Debt () 2,200 **** 2,200
Bonds 2,200 2,200
Reais - denominated<br>Debt (BRL) 8,050 **** 10,691
Bonds 8,050 9,050
Banks and<br>others 0 1,641
Debt denominated in<br>other currencies (MxP)(3) 13,147 **** 10,220
Bonds 5,126 5,889
Banks and<br>others 8,021 4,331
Total Debt<br>(MxP) 507,044 **** 510,589
Cash, Marketable<br>Securities and Short Term Financial Investments (MxP)(4) 117,298 129,110
Net Debt<br>(MxP) 389,745 **** 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.

Summary Cash Flow Millions of Mexican pesos

Jan-Sep 23 Jan-Sep 22
Funds fromOperations **** 113,715 **** 115,276
Capital<br>Expenditures 100,204 105,271
Free Cash Flow^(1)^ **** 13,511 **** 8,521
Dividends and Share<br>Buybacks 20,270 45,746
Sale of Ownership<br>Interest (5,028) (33,459)
Net Debt<br>Amortizations (12,209) (23,736)
Amortization of<br>Labor Obligations 10,478 19,970

^(1)^ There are approximately one billion pesos directed to the provisioning to the early retirement plans in Austria that has been substracted from the Free Cash Flow in 2022.

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AMERICA MOVIL, S.A.B. DE C.V. Consolidated
--- ---
Ticker:   AMX Quarter:   3   Year:   2023

[210000] Statement of financial position,current/non-current

Concept Close Current<br><br><br><br><br><br>Quarter<br><br><br><br> <br>2023-09-30 Close Previous<br><br><br><br><br><br>Exercise<br><br><br><br> <br>2022-12-31
Statement of financial position [abstract]
Assets [abstract]
Current assets [abstract]
Cash and cash equivalents 28,269,862,000 33,700,949,000
Trade and other current receivables 155,768,466,000 154,764,228,000
Current tax assets, current 62,718,960,000 46,947,187,000
Other current financial assets 76,297,904,000 91,030,791,000
Current inventories 20,564,752,000 23,995,133,000
Current biological assets 0 0
Other current non-financial assets 15,624,093,000 10,565,422,000
Total current assets other than non-current assets or disposal groups classified<br>as held for sale or as held for distribution to owners 359,244,037,000 361,003,710,000
Non-current assets or disposal groups classified as held for sale or as held for<br>distribution to owners 0 0
Total current assets 359,244,037,000 361,003,710,000
Non-current assets [abstract]
Trade and other non-current receivables 8,637,383,000 8,724,497,000
Current tax assets, non-current 9,251,211,000 9,579,524,000
Non-current inventories 0 0
Non-current biological assets 0 0
Other non-current financial assets 14,510,542,000 6,981,149,000
Investments accounted for using equity method 0 0
Investments in subsidiaries, joint ventures and associates 16,010,740,000 23,975,462,000
Property, plant and equipment 633,588,243,000 657,226,210,000
Investment property 0 0
Right-of-use assets that do not meet definition<br>of investment property 120,010,835,000 121,874,096,000
Goodwill 146,593,836,000 141,121,365,000
Intangible assets other than goodwill 120,066,266,000 128,893,422,000
Deferred tax assets 133,470,022,000 128,717,811,000
Other non-current non-financial assets 30,758,960,000 30,002,098,000
Total non-current assets 1,232,898,038,000 1,257,095,634,000
Total assets 1,592,142,075,000 1,618,099,344,000
Equity and liabilities [abstract]
Liabilities [abstract]
Current liabilities [abstract]
Trade and other current payables 202,235,765,000 208,741,915,000
Current tax liabilities, current 67,139,580,000 63,061,711,000
Other current financial liabilities 177,420,876,000 127,355,760,000
Current lease liabilities 26,444,015,000 32,902,237,000
Other current non-financial liabilities 0 0

10 of 59

AMERICA MOVIL, S.A.B. DE C.V. Consolidated
Ticker:   AMX Quarter:   3   Year:   2023
Concept Close Current<br><br><br><br><br><br>Quarter<br><br><br><br> <br>2023-09-30 Close Previous<br><br><br><br><br><br>Exercise<br><br><br><br> <br>2022-12-31
--- --- --- --- ---
Current provisions [abstract]
Current provisions for employee benefits 22,563,159,000 17,342,822,000
Other current provisions 37,861,568,000 39,472,509,000
Total current provisions 60,424,727,000 56,815,331,000
Total current liabilities other than liabilities included in disposal groups classified as held for sale 533,664,963,000 488,876,954,000
Liabilities included in disposal groups classified as held for sale 0 0
Total current liabilities 533,664,963,000 488,876,954,000
Non-current liabilities [abstract]
Trade and other non-current payables 2,063,337,000 2,556,103,000
Current tax liabilities, non-current 0 0
Other non-current financial liabilities 354,122,037,000 408,565,066,000
Non-current lease liabilities 105,023,825,000 101,246,574,000
Other non-current non-financial<br>liabilities 0 0
Non-current provisions [abstract]
Non-current provisions for employee benefits 137,317,089,000 137,923,317,000
Other non-current provisions 10,722,604,000 10,799,997,000
Total non-current provisions 148,039,693,000 148,723,314,000
Deferred tax liabilities 24,684,099,000 30,302,060,000
Total non-current liabilities 633,932,991,000 691,393,117,000
Total liabilities 1,167,597,954,000 1,180,270,071,000
Equity [abstract]
Issued capital 95,363,644,000 95,365,329,000
Share premium 0 0
Treasury shares 0 0
Retained earnings 533,719,910,000 505,483,717,000
Other reserves (261,573,463,000) (227,044,342,000)
Total equity attributable to owners of parent 367,510,091,000 373,804,704,000
Non-controlling interests 57,034,030,000 64,024,569,000
Total equity 424,544,121,000 437,829,273,000
Total equity and liabilities 1,592,142,075,000 1,618,099,344,000

11 of 59

AMERICA MOVIL, S.A.B. DE C.V. Consolidated
Ticker:   AMX Quarter:   3   Year:   2023

[310000] Statement of comprehensive income, profit or loss, by function of expense

Concept Accumulated<br><br><br><br><br><br>Current Year<br><br><br><br> <br>2023-01-01 - 2023-<br> <br><br><br><br>09-30 Accumulated<br><br><br><br><br><br>Previous Year<br><br><br><br> <br>2022-01-01 - 2022-<br> <br><br><br><br>09-30 QuarterCurrent<br> <br><br> <br>Year<br> <br><br> <br>2023-07-01 - 2023-<br><br><br><br> <br>09-30 Quarter Previous<br><br><br><br><br><br>Year<br><br><br><br> <br>2022-07-01 - 2022-<br> <br><br><br><br>09-30
Profit or loss [abstract]
Profit (loss) [abstract]
Revenue 615,300,254,000 628,539,367,000 203,842,279,000 210,792,683,000
Cost of sales 352,506,543,000 364,172,138,000 117,461,556,000 120,741,069,000
Gross profit 262,793,711,000 264,367,229,000 86,380,723,000 90,051,614,000
Distribution costs 87,157,728,000 89,896,932,000 28,909,959,000 30,211,671,000
Administrative expenses 43,884,962,000 45,125,738,000 14,279,489,000 14,160,495,000
Other income 0 0 0 0
Other expense 5,775,031,000 3,159,198,000 1,648,249,000 1,164,794,000
Profit (loss) from operating activities 125,975,990,000 126,185,361,000 41,543,026,000 44,514,654,000
Finance income 22,138,247,000 38,133,966,000 2,684,783,000 7,076,561,000
Finance costs 53,607,459,000 64,622,745,000 32,424,494,000 23,315,044,000
Share of profit (loss) of associates and joint ventures accounted for using equity method (3,731,486,000) 48,014,000 (2,118,827,000) 52,304,000
Profit (loss) before tax 90,775,292,000 99,744,596,000 9,684,488,000 28,328,475,000
Tax income (expense) 29,112,504,000 35,657,332,000 6,350,343,000 11,528,134,000
Profit (loss) from continuing operations 61,662,788,000 64,087,264,000 3,334,145,000 16,800,341,000
Profit (loss) from discontinued operations 0 2,671,630,000 0 2,906,654,000
Profit (loss) 61,662,788,000 66,758,894,000 3,334,145,000 19,706,995,000
Profit (loss), attributable to [abstract]
Profit (loss), attributable to owners of parent 58,048,606,000 62,449,705,000 2,028,373,000 17,969,165,000
Profit (loss), attributable to non-controlling interests 3,614,182,000 4,309,189,000 1,305,772,000 1,737,830,000
Earnings per share [text block]
Earnings per share [abstract]
Earnings per share [line items]
Basic earnings per share [abstract]
Basic earnings (loss) per share from continuing operations 0.92 0.93 0.03 0.23
Basic earnings (loss) per share from discontinued operations 0 0.04 0 0.05
Total basic earnings (loss) per share 0.92 0.97 0.03 0.28
Diluted earnings per share [abstract]
Diluted earnings (loss) per share from continuing operations 0.92 0.93 0.03 0.23
Diluted earnings (loss) per share from discontinued operations 0 0.04 0 0.05
Total diluted earnings (loss) per share 0.92 0.97 0.03 0.28

12 of 59

AMERICA MOVIL, S.A.B. DE C.V. Consolidated
Ticker:   AMX Quarter:   3   Year:   2023

[410000] Statement of comprehensive income, OCI components presented net of tax

Concept Accumulated<br><br><br><br><br><br>Current Year<br><br><br><br> <br>2023-01-01 -<br> <br><br><br><br>2023-09-30 Accumulated<br><br><br><br><br><br>Previous Year<br><br><br><br> <br>2022-01-01 -<br> <br><br><br><br>2022-09-30 Quarter<br><br><br><br><br><br>Current Year<br><br><br><br> <br>2023-07-01 -<br> <br><br><br><br>2023-09-30 Quarter<br><br><br><br><br><br>Previous Year<br><br><br><br> <br>2022-07-01 -<br> <br><br><br><br>2022-09-30
Statement of comprehensive income [abstract]
Profit (loss) 61,662,788,000 66,758,894,000 3,334,145,000 19,706,995,000
Other comprehensive income [abstract]
Components of other comprehensive income that will not be reclassified toprofit or loss, net of tax [abstract]
Other comprehensive income, net of tax, gains (losses) from investments in equity instruments (3,630,663,000) (5,699,392,000) (3,512,759,000) (15,906,401,000)
Other comprehensive income, net of tax, gains (losses) on revaluation 0 0 0 0
Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans (74,096,000) 677,362,000 (74,096,000) 677,362,000
Other comprehensive income, net of tax, change in fair value of financial liability attributable to change in credit risk<br>of liability 0 0 0 0
Other comprehensive income, net of tax, gains (losses) on hedging instruments that hedge investments in equity<br>instruments 0 0 0 0
Share of other comprehensive income of associates and joint ventures accounted for using equity method that will not be<br>reclassified to profit or loss, net of tax 0 0 0 0
Total other comprehensive income that will not be reclassified to profit or loss, net of tax (3,704,759,000) (5,022,030,000) (3,586,855,000) (15,229,039,000)
Components of other comprehensive income that will be reclassified to profitor loss, net of tax [abstract]
Exchange differences on translation [abstract]
Gains (losses) on exchange differences on translation, net of tax (27,440,200,000) (30,715,904,000) 18,211,530,000 (12,307,008,000)
Reclassification adjustments on exchange differences on translation, net of tax 0 0 0 0
Other comprehensive income, net of tax, exchange differences on translation (27,440,200,000) (30,715,904,000) 18,211,530,000 (12,307,008,000)
Available-for-sale financial assets [abstract]
Gains (losses) on remeasuring<br>available-for-sale financial assets, net of tax 0 0 0 0
Reclassification adjustments on<br>available-for-sale financial assets, net of tax 0 0 0 0
Other comprehensive income, net of tax,<br>available-for-sale financial assets 0 0 0 0
Cash flow hedges [abstract]
Gains (losses) on cash flow hedges, net of tax 0 0 0 0
Reclassification adjustments on cash flow hedges, net of tax 0 0 0 0
Amounts removed from equity and included in carrying amount of non-financial asset<br>(liability) whose acquisition or incurrence was hedged highly probable forecast transaction, net of tax 0 0 0 0
Other comprehensive income, net of tax, cash flow hedges 0 0 0 0
Hedges of net investment in foreign operations [abstract]
Gains (losses) on hedges of net investments in foreign operations, net of tax 0 0 0 0
Reclassification adjustments on hedges of net investments in foreign operations, net of tax 0 0 0 0
Other comprehensive income, net of tax, hedges of net investments in foreign operations 0 0 0 0
Change in value of time value of options [abstract]
Gains (losses) on change in value of time value of options, net of tax 0 0 0 0
Reclassification adjustments on change in value of time value of options, net of tax 0 0 0 0
Other comprehensive income, net of tax, change in value of time value of options 0 0 0 0
Change in value of forward elements of forward contracts [abstract]
Gains (losses) on change in value of forward elements of forward contracts, net of tax 0 0 0 0
Reclassification adjustments on change in value of forward elements of forward contracts, net of tax 0 0 0 0

13 of 59

AMERICA MOVIL, S.A.B. DE C.V. Consolidated
Ticker:   AMX Quarter:   3   Year:   2023
Concept Accumulated<br><br><br><br><br><br>Current Year<br><br><br><br> <br>2023-01-01 -<br> <br><br><br><br>2023-09-30 Accumulated<br><br><br><br><br><br>Previous Year<br><br><br><br> <br>2022-01-01 -<br> <br><br><br><br>2022-09-30 Quarter<br><br><br><br><br><br>Current Year<br><br><br><br> <br>2023-07-01 -<br> <br><br><br><br>2023-09-30 Quarter<br><br><br><br><br><br>Previous Year<br><br><br><br> <br>2022-07-01 -<br> <br><br><br><br>2022-09-30
--- --- --- --- --- --- --- --- ---
Other comprehensive income, net of tax, change in value of forward elements of forward contracts 0 0 0 0
Change in value of foreign currency basis spreads[abstract]
Gains (losses) on change in value of foreign currency basis spreads, net of tax 0 0 0 0
Reclassification adjustments on change in value of foreign currency basis spreads, net of tax 0 0 0 0
Other comprehensive income, net of tax, change in value of foreign currency basis spreads 0 0 0 0
Financial assets measured at fair value through other comprehensive income[abstract]
Gains (losses) on financial assets measured at fair value through other comprehensive income, net of tax 0 0 0 0
Reclassification adjustments on financial assets measured at fair value through other comprehensive income, net of tax 0 0 0 0
Amounts removed from equity and adjusted against fair value of financial assets on reclassification out of fair value<br>through other comprehensive income measurement category, net of tax 0 0 0 0
Other comprehensive income, net of tax, financial assets measured at fair value through other comprehensive income 0 0 0 0
Share of other comprehensive income of associates and joint ventures accounted for using equity method that will be<br>reclassified to profit or loss, net of tax 0 0 0 0
Total other comprehensive income that will be reclassified to profit or loss, net of tax (27,440,200,000) (30,715,904,000) 18,211,530,000 (12,307,008,000)
Total other comprehensive income (31,144,959,000) (35,737,934,000) 14,624,675,000 (27,536,047,000)
Total comprehensive income 30,517,829,000 31,020,960,000 17,958,820,000 (7,829,052,000)
Comprehensive income attributable to [abstract]
Comprehensive income, attributable to owners of parent 29,158,213,000 31,390,828,000 15,135,314,000 (8,138,711,000)
Comprehensive income, attributable to non-controlling interests 1,359,616,000 (369,868,000) 2,823,506,000 309,659,000

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AMERICA MOVIL, S.A.B. DE C.V. Consolidated
Ticker:   AMX Quarter:   3   Year:   2023

[520000] Statement of cash flows, indirect method

Concept Accumulated Current<br><br><br><br><br><br>Year<br><br><br><br> <br>2023-01-01 - 2023-09-30 Accumulated Previous<br><br><br><br><br><br>Year<br><br><br><br> <br>2022-01-01 - 2022-09-30
Statement of cash flows [abstract]
Cash flows from (used in) operating activities [abstract]
Profit (loss) 61,662,788,000 66,758,894,000
Adjustments to reconcile profit (loss) [abstract]
+ Discontinued operations 0 (1,385,705,000)
+ Adjustments for income tax expense 29,112,504,000 35,657,332,000
+ (-) Adjustments for finance costs 6,960,397,000 14,331,431,000
+ Adjustments for depreciation and amortisation expense 115,327,084,000 118,564,551,000
+ Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss 0 0
+ Adjustments for provisions 15,940,510,000 14,497,642,000
+ (-) Adjustments for unrealised foreign exchange losses (gains) 0 0
+ Adjustments for share-based payments 0 0
+ (-) Adjustments for fair value losses (gains) 0 0
- Adjustments for undistributed profits of associates 0 0
+ (-) Adjustments for losses (gains) on disposal of non-current assets (5,158,441,000) 330,915,000
3,731,486,000 (48,014,000)
+ (-) Adjustments for decrease (increase) in inventories 2,393,247,000 (9,096,805,000)
+ (-) Adjustments for decrease (increase) in trade accounts receivable (23,253,767,000) (18,738,127,000)
+ (-) Adjustments for decrease (increase) in other operating receivables (16,439,818,000) (8,761,983,000)
+ (-) Adjustments for increase (decrease) in trade accounts payable 7,785,737,000 (6,348,617,000)
+ (-) Adjustments for increase (decrease) in other operating payables (23,091,847,000) (19,648,366,000)
+ Other adjustments for non-cash items 0 0
+ Other adjustments for which cash effects are investing or financing cash flow 0 0
+ Straight-line rent adjustment 0 0
+ Amortization of lease fees 0 0
+ Setting property values 0 0
+ (-) Other adjustments to reconcile profit (loss) 0 0
+ (-) Total adjustments to reconcile profit (loss) 113,307,092,000 119,354,254,000
Net cash flows from (used in) operations 174,969,880,000 186,113,148,000
- Dividends paid 0 0
0 0
- Interest paid 0 0
+ Interest received 3,430,129,000 2,749,169,000
+ (-) Income taxes refund (paid) 40,667,647,000 39,490,141,000
+ (-) Other inflows (outflows) of cash 0 0
Net cash flows from (used in) operating activities 137,732,362,000 149,372,176,000
Cash flows from (used in) investing activities [abstract]
+ Cash flows from losing control of subsidiaries or other businesses 0 4,282,383,000
- Cash flows used in obtaining control of subsidiaries or other businesses (2,543,240,000) 17,368,908,000
+ Other cash receipts from sales of equity or debt instruments of other entities 0 0

15 of 59

AMERICA MOVIL, S.A.B. DE C.V. Consolidated
Ticker:   AMX Quarter:   3   Year:   2023
Concept Accumulated Current<br><br><br><br><br><br>Year<br><br><br><br> <br>2023-01-01 - 2023-09-30 Accumulated Previous<br><br><br><br><br><br>Year<br><br><br><br> <br>2022-01-01 - 2022-09-30
--- --- --- --- ---
- Other cash payments to acquire equity or debt instruments of other entities 459,749,000 0
+ Other cash receipts from sales of interests in joint ventures 0 2,829,000
- Other cash payments to acquire interests in joint ventures 0 0
+ Proceeds from sales of property, plant and equipment 6,997,431,000 207,731,000
- Purchase of property, plant and equipment 89,136,571,000 101,368,792,000
+ Proceeds from sales of intangible assets 0 0
- Purchase of intangible assets 11,067,781,000 1,738,197,000
+ Proceeds from sales of other long-term assets 0 0
- Purchase of other long-term assets 0 0
+ Proceeds from government grants 0 0
- Cash advances and loans made to other parties 0 0
+ Cash receipts from repayment of advances and loans made to other parties 0 0
- Cash payments for futures contracts, forward contracts, option contracts and swap contracts 0 0
+ Cash receipts from futures contracts, forward contracts, option contracts and swap contracts 0 0
+ Dividends received 3,884,554,000 4,682,650,000
- Interest paid 0 0
+ Interest received 0 0
0 0
+ (-) Other inflows (outflows) of cash (4,273,348,000) 44,605,741,000
Net cash flows from (used in) investing activities (91,512,224,000) (66,694,563,000)
Cash flows from (used in) financing activities [abstract]
+ Proceeds from changes in ownership interests in subsidiaries that do not result in loss of control 0 0
- Payments from changes in ownership interests in subsidiaries that do not result in loss of control 5,110,764,000 6,076,000
+ Proceeds from issuing shares 0 0
+ Proceeds from issuing other equity instruments 0 0
- Payments to acquire or redeem entity’s shares 7,688,327,000 20,920,392,000
- Payments of other equity instruments 0 0
+ Proceeds from borrowings 215,954,013,000 127,348,086,000
- Repayments of borrowings 183,386,854,000 120,911,994,000
- Payments of finance lease liabilities 0 0
- Payments of lease liabilities 29,629,934,000 25,349,068,000
+ Proceeds from government grants 0 0
- Dividends paid 16,274,725,000 29,523,313,000
- Interest paid 22,015,178,000 21,332,493,000
+ (-) Income taxes refund (paid) 0 0
+ (-) Other inflows (outflows) of cash 0 0
Net cash flows from (used in) financing activities (48,151,769,000) (90,695,250,000)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (1,931,631,000) (8,017,637,000)
Effect of exchange rate changes on cash and cash equivalents [abstract]
Effect of exchange rate changes on cash and cash equivalents (3,499,456,000) (2,983,425,000)
Net increase (decrease) in cash and cash equivalents (5,431,087,000) (11,001,062,000)
Cash and cash equivalents at beginning of period 33,700,949,000 38,679,891,000
Cash and cash equivalents at end of period 28,269,862,000 27,678,829,000

16 of 59

LOGO

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 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.
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

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/ 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.
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

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: October 19, 2023

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