América Móvil, S.A.B. de C.V. (AMX) 6-K Current report (foreign)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF A FOREIGN PRIVATE ISSUER

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

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of October 2022

Commission File Number: 1-16269

AMÉRICA MÓVIL, S.A.B. DE C.V.

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

America Mobile

(Translation of Registrant’s Name into English)

Lago Zurich 245,

Plaza Carso / Edificio Telcel, Piso

16 Colonia Ampliación Granada,

Alcaldía Miguel Hidalgo,

11529, Mexico City,

México

(Address of 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):  ☐

Exhibit A

América Móvil’s third quarter of

2022 financial and operating report

October 18^th, 2022 / 3Q22

Mexico City - América Móvil, S.A.B. de C.V. (“América Móvil”) [BMV: AMX] [NYSE: AMX, AMOV], announced today its financial and operating results for the third quarter of 2022.

• We added 2.9 million wireless subscribers in the third quarter, including 1.9 million postpaid clients with over half of which came from Brazil, 329 thousand from Austria, 215 thousand from Colombia and 155 thousand from Peru.

• In the prepaid segment we added one million subscribers. Mexico contributed with 402 thousand net adds, Colombia 307 thousand and the Central America and Eastern Europe block with almost 135 thousand each.

• On the fixed-line platform we obtained 156 thousand broadband accesses, including 95 thousand in Argentina and 31 thousand in Central America, bringing the total to 31.1 million accesses, 2.1% more than a year before.

• Third quarter revenue of 214.5 billion pesos was up 1.8% year-on-year in nominal peso terms, with service revenue increasing 3.0% in nominal peso term and 5.9% year-on-year at constant exchange rates.

• Mobile service revenue rose more than 9% year-on-year at constant exchange rates both in the prepaid and the postpaid segments. It was the fastest rate of growth observed in at least five quarters.

• Fixed-line service revenue remained flat with broadband revenue up 3.4% at constant exchange rates and that of corporate networks 12.6%— the fastest pace in five quarters.

• EBITDA rose 2.3% year-on-year to 83.2 billion pesos—5.0% at constant exchange rates—with the EBITDA margin expanding to 38.8% from 38.6% a year before.

• Our operating profit increased 5.2% to 43.6 billion pesos which helped bring about a net profit of 18.0 billion pesos after 16.5 billion pesos in comprehensive financing costs that were 34.2% below that of the prior year mostly on account of foreign exchange losses incurred then.

• Our capital expenditures, 105.3 billion pesos in the nine months to September, were fully funded by our operating cash flow. Our surplus operating cash flow, together with 71.7 billion pesos in net financing raised in the period allowed us to cover 45.7 billion pesos in shareholder distributions, 20.0 billion pesos in labor obligations; and 13.3 billion pesos in the net acquisition of ownership interests, coming from the acquisition of a portion of Oi’s mobile clients and the sale of our interest in Claro Panama.

• At the end of September our net debt—excluding leases—stood at 411.7 billion pesos, equivalent to 1.39 times EBITDAaL.

We will host our conference call to discuss 3Q22 financial and operating results on October 19th at 9:00 am Mexico City time. To access the call please log on to www.americamovil.com/investors

América Móvil Fundamentals

	3Q22		3Q21
Earnings per Share (Mex$) (1)		0.28		0.24
Earning per ADR (US$) (2)		0.28		0.24
EBITDA per Share (Mex$) (3)		1.31		1.24
EBITDA per ADR (US$)		1.29		1.24
Net Income (millions of Mex$)		17,969		15,811
Average Shares Outstanding (billion)		63.8		65.8
Shares Oustanding End of Period (billion)		63.6		65.50

⁽¹⁾  Net Income / Average Shares outstanding

⁽²⁾  20 shares per ADR

⁽³⁾  EBITDA / Average Shares Outstanding

América Móvil’s Subsidiaries as of September 2022

Country	Brand	Business	Equity
Mexico	Telcel	wireless		100.0	%
	Telmex	wireline		98.8	%
	Sección Amarilla	other		100.0	%
	Telvista	other		90.0	%
Argentina	Claro	wireless		100.0	%
	Telmex	wireline		100.0	%
Brazil	Claro	wireless/wireline		99.6	%
Chile	Claro	wireless		100.0	%
	Telmex	wireline		100.0	%
Colombia	Claro	wireless/wireline		99.4	%
Costa Rica	Claro	wireless		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	%
Netherlands	KPN	wireless/wireline		17.9	%
Austria	Telekom Austria	wireless/wireline		51.0	%

Note

On November 23rd, 2021 and on July 1st, 2022 we completed the sale of TracFone Wireless and Claro Panama, respectively. The financial statements presented in this report account for TracFone and Panama as discontinued operations and include the net profit generated by those subsidiaries up to the date of the divestment and the net gain generated by its sale, under “net income from discontinued operations”.

The reported figures for Argentina corresponding to the third quarter of 2022 are presented in accordance with a) IAS29 reflecting the effects of the adoption of inflationary accounting that became mandatory after the Argentinean economy was deemed to be hyperinflationary in the third quarter of 2018 and b) IAS21 translated to Mexican pesos using the end-of-period exchange rate.

All comparisons at constant exchange rates for America Móvil’s consolidated figures will exclude Argentina to ensure consistency.

Relevant Events

10-year dollar denominated bond of 750M USD

On July 18th, we issued a 10-year dollar denominated bond in the amount of 750 million dollars that pays a coupon of 4.7%.

Tender offer of 550M euro hybrid note

On September 16th, America Móvil initiated a tender offer to purchase for cash any or all outstanding securities of its 550 million euro hybrid note with a 2073 maturity but callable in May 2023. At the settlement date América Móvil received 88.6% of the securities. The remainder amount of bonds has been called at par.

Sitios Latinoamérica spin-off was completed

The spin-off process of Sitios Latinoamérica was completed and its shares began trading in the Mexican Stock Exchange (BMV) on September 29th. América Móvil transferred 29,090 towers in 13 countries and Sitios Latinoamérica is now the second largest tower company in Latin America. In the process we also transferred to Sitios Latinoamérica net debt in the amount of 2.3 billion dollars.

Joint venture between Claro Chile and VTR

On October 6th, Liberty Latin América and América Móvil confirmed that they received all authorizations to proceed with the joint venture of their respective Chilean operations, VTR and Claro Chile have closed the joint venture agreement.

Access Lines

1.9M postpaid net adds

In the third quarter we added 2.9 million wireless subscribers—of which 1.9 million were postpaid clients—bringing our base to 307.8 million subscribers at the end of September, 9.6% more than a year before. More than half of the new postpaid clients came from Brazil, with Austria contributing 329 thousand subs, Colombia 215 thousand and Peru 155 thousand.

Mexico led the way in prepaid, with 402 thousand net adds, followed by Colombia with 307 thousand and the Central America and Eastern Europe block with almost 135 thousand each.

156k new broadband accesses

On the fixed-line platform, broadband accesses increased by 156 thousand in the quarter. We registered disconnections of 181 thousand and 27 thousand, respectively, in fixed-line voice and PayTV.

We ended September with 382 million access lines, which includes 308 million wireless subscribers and 75 million fixed-line RGUs.

Wireless subscribers as of September 2022

Total(1) (Thousands)
Country	Sep ’22		Jun ’22		Var.%			Sep ’21		Var.%
Argentina, Paraguay and Uruguay		26,789		26,638		0.6	%		25,949		3.2	%
Austria		8,651		8,306		4.2	%		7,638		13.3	%
Brazil		86,629		85,735		1.0	%		69,213		25.2	%
Central America		16,381		16,189		1.2	%		15,392		6.4	%
Caribbean		7,276		7,222		0.7	%		6,876		5.8	%
Chile		7,188		7,228		-0.6	%		6,818		5.4	%
Colombia		36,844		36,322		1.4	%		34,356		7.2	%
Eastern Europe		15,125		14,969		1.0	%		15,094		0.2	%
Ecuador		8,900		8,802		1.1	%		8,547		4.1	%
Mexico		81,808		81,364		0.5	%		79,315		3.1	%
Peru		12,256		12,202		0.4	%		11,810		3.8	%
Total Wireless Lines		307,847		304,977		0.9	%		281,006		9.6	%

⁽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.

Fixed-Line and Other Accesses (RGUs) as of September 2022

Total(1) (Thousands)
Country	Sep ’22		Jun ’22		Var.%			Sep ’21		Var.%
Argentina, Paraguay and Uruguay		2,676		2,417		10.7	%		1,860		43.8	%
Austria		2,971		2,995		-0.8	%		3,074		-3.4	%
Brazil(2)		24,302		24,699		-1.6	%		25,604		-5.1	%
Central America		4,579		4,514		1.4	%		4,343		5.4	%
Caribbean		2,695		2,673		0.8	%		2,630		2.5	%
Chile		1,233		1,284		-4.0	%		1,345		-8.4	%
Colombia		9,184		9,075		1.2	%		8,789		4.5	%
Eastern Europe		3,183		3,140		1.4	%		2,979		6.9	%
Ecuador		607		582		4.3	%		512		18.4	%
Mexico		21,121		21,256		-0.6	%		21,546		-2.0	%
Peru		1,993		1,962		1.6	%		1,886		5.7	%
Total RGUs		74,543		74,594		-0.1	%		74,569		0.0	%

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

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

América Móvil Consolidated Results

The increasingly hawkish tone by the Fed’s governors in the context of strong inflationary pressures brought about renewed increases in U.S. interest rates in the latter half of the third quarter after a lull in its first half, with 10-year rates ending the period at 3.83%, just missing a break over 4% a few days earlier.

Our third quarter revenue reached 214.5 billion pesos, up 1.8% year-on-year, with service revenue rising 3.0%. At constant exchange rates service revenue expanded 5.9% as mobile service revenue jumped 9.7% and fixed-line service revenue remained almost flat, +0.2%. Year-over-year the Mexican peso appreciated strongly vis-à-vis the Colombian and Chilean pesos, 12.9% and 18.5% respectively, and even more vs. the euro, 16.0%. It remained practically flat vis-à-vis the U.S. dollar and the Brazilian real. The appreciation of the peso explains the difference between revenue growth in nominal and constant exchange rates.

Mobile service revenue rose more than 9% year-on-year at constant exchange rates both in the prepaid and the postpaid segments. It was the fastest rate of growth observed in at least five quarters, with postpaid revenue accelerating in each of the last two quarters partly buoyed by 5G services.

Brazil led the way in mobile service revenue growth at 22.5% —which includes the impact of the incorporation of part of Oi’s mobile clients—followed by Mexico and Eastern Europe, with 9.7% and 6.9% respectively. At 3.0%, Colombia posted its best revenue growth rate in five quarters, as did the Central-America block, with 6.5%. Revenue growth in Ecuador on an improving trend for several quarters, posted a 1.6% increase in the period.

On the fixed-line platform broadband revenue rose 3.4% at constant exchange rates and that of corporate networks increased 12.6%—also the fastest pace in five quarters—helping offset a 5.4% reduction in PayTV services and a 6.1% decline in wireline voice revenue. Corporate networks was our fastest growing business line across the board, with Brazil posting a 27.7% rate; Colombia 14.4% and Mexico 8.1%. Fixed-broadband revenue increased between 4 and 5% in both Mexico and Brazil, with Eastern Europe revenue surging 13.5%.

Our EBITDA rose 2.3% year-on-year to 83.2 billion pesos—5.0% at constant exchange rates—with the EBITDA margin expanding to 38.8% from 38.6% a year before. Brazil was the top performer with a 10.8% increase, followed by Eastern Europe with 8.7%.

EBITDA expansion helped bring about a 5.2% increase in our operating profit to 43.6 billion pesos, resulting in an 18.0 billion pesos net profit in the quarter after 16.5 billion pesos in comprehensive financing costs that were 34.2% below that of the prior year mostly on account of foreign exchange losses incurred then.

Our capital expenditures, 105.3 billion pesos in the nine months to September, were fully funded by our operating cash flow. Our surplus operating cash flow, together with 71.7 billion pesos in net financing raised in the period allowed us to cover 45.7 billion pesos in shareholder distributions—including 20.9 billion pesos in share buybacks—20.0 billion pesos in labor obligations; and 13.3 billion pesos in the net acquisition of ownership interests, coming from the acquisition of a portion of Oi’s mobile clients and the sale of our interest in Claro Panama.

Our net debt excluding leases ended September at 412 billion pesos—equivalent to 1.39 times LTM EBITDAaL—having increased by 4.0 billion pesos relative to December. The spin-off of Sitios Latinoamérica in August resulted in the separation of 29,090 towers in 13 countries but also brought about a reduction of 46.7 billion pesos in our net financial debt, as it migrated over to Sitios.

América Móvil’s Income Statement Proforma⁽¹⁾ Millions of Mexican pesos

	3Q22			3Q21			Var.%			Jan-Sep 22			Jan-Sep 21			Var.%
Service Revenue		179,716			174,514			3.0	%		536,518			517,744			3.6	%
Equipment Revenue		32,495			34,351			-5.4	%		98,761			102,509			-3.7	%
Total Revenue(2)		214,466			210,771			1.8	%		641,666			625,908			2.5	%
Cost of Service		56,080			54,963			2.0	%		166,974			163,133			2.4	%
Cost of Equipment		28,317			29,554			-4.2	%		85,695			87,760			-2.4	%
Selling, General & Administrative Expenses		45,685			43,974			3.9	%		139,066			132,719			4.8	%
Others		1,172			933			25.6	%		3,187			3,859			-17.4	%
Total Costs and Expenses		131,254			129,425			1.4	%		394,922			387,470			1.9	%
EBITDA		83,212			81,346			2.3	%		246,745			238,437			3.5	%
% of Total Revenue		38.8	%		38.6	%					38.5	%		38.1	%
Depreciation & Amortization		39,641			39,945			-0.8	%		122,387			119,863			2.1	%
EBIT		43,571			41,401			5.2	%		124,358			118,574			4.9	%
% of Total Revenue		20.3	%		19.6	%					19.4	%		18.9	%
Net Interest Expenses		9,367			7,270			28.8	%		28,306			24,329			16.3	%
Other Financial Expenses		5,239			6,156			-14.9	%		23,717			12,456			90.4	%
Foreign Exchange Loss		1,863			11,607			-83.9	%		-24,849			6,891			n.m.
Comprehensive Financing Cost (Income)		16,469			25,033			-34.2	%		27,174			43,676			-37.8	%
Income & Deferred Taxes		10,852			3,756			188.9	%		33,852			22,876			48.0	%
Net Income before Minority Interest and Equity Participation in Results of Affiliates		16,250			12,612			28.8	%		63,332			52,022			21.7	%
Equity Participation in Results of Affiliates		52			103			-49.0	%		48			119			-59.5	%
Minority Interest		-1,738			-1,771			1.9	%		-4,309			-4,005			-7.6	%
Net Income from Continued Operations		14,564			10,944			33.1	%		59,071			48,135			22.7	%
Net Income from Discontinued Operations (TracFone)		3,405			4,867			-30.0	%		3,379			12,301			-72.5	%
Net Income		17,969			15,811			13.7	%		62,450			60,437			3.3	%

⁽¹⁾  Adjusted to reflect the sale of TracFone and Panama and the spin-off of Sitios Latinoamérica.

⁽²⁾  Total Revenue include Other Revenue.

n.m. Not meaningful.

Balance Sheet - América Móvil Consolidated⁽¹⁾ Millions of Mexican pesos

	Sep ‘22		Dec ‘21		Var.%				Sep ‘22		Dec ‘21		Var.%
Current Assets								Current Liabilities
Cash, Marketable Securities & Other Short Term Investments		112,845		156,383		-27.8	%	Short Term Debt(2)		144,073		145,223		-0.8	%
Accounts Receivable		214,683		212,977		0.8	%	Lease-Related Debt		33,969		27,632		22.9	%
Other Current Assets		17,232		10,611		62.4	%	Accounts Payable		234,931		260,879		-9.9	%
Inventories		31,822		24,185		31.6	%	Other Current Liabilities		130,024		100,279		29.7	%
		376,582		404,157		-6.8	%			542,998		534,013		1.7	%
Non Current Assets								Non Current Liabilities
Plant & Equipment, gross		1,351,620		1,408,997		-4.1	%	Long Term Debt		380,430		418,807		-9.2	%
-Depreciation		687,224		677,801		1.4	%	Lease-Related Debt		100,214		71,022		41.1	%
Plant & Equipment, net		664,397		731,197		-9.1	%	Other Liabilities		175,106		211,766		-17.3	%
Rights of Use		121,945		90,372		34.9	%			655,749		701,595		-6.5	%
Investments in Affiliates and Other Investments		9,975		9,947		0.3	%
Deferred Assets
Goodwill (Net)		143,330		136,578		4.9	%
Intangible Assets		131,646		143,226		-8.1	%	Shareholder’s Equity		431,556		454,042		-5.0	%
Deferred Assets		182,428		174,173		4.7	%
Total Assets		1,630,304		1,689,650		-3.5	%	Total Liabilities and Equity		1,630,304		1,689,650		-3.5	%

⁽¹⁾  Includes current portion of Long Term Debt.

⁽²⁾  Includes current portion of Long Term Debt.

Mexico

443k mobile net adds

In the third quarter we added 443 thousand wireless subscribers—402 thousand prepaid clients and 41 thousand postpaids—to finish September with 81.8 million wireless subscribers, 3.1% more than a year before. We have seen improving trends in postpaid growth linked to our 5G offers. On the fixed-line segment we disconnected 135 thousand accesses, all of them voice accesses.

Mobile service revenue +9.7% YoY

Revenue totaled 76.2 billion pesos in the third quarter, a 3.1% increase from a year before, with service revenue expanding 6.5% year-on-year following a 4.9% increase the prior quarter. Mobile service revenue was up 9.7% over the prior year compared to 8.8% the prior quarter, with postpaid revenue growth accelerating to 8.6%—its best pace in at least five quarters—from 6.6% the prior quarter, and prepaid revenue growth continuing to increase 10.4%. ARPUs were up 7.6% and 6.3% in the postpaid and prepaid segments, respectively, partly as a result of upselling to 5G services.

Broadband & corporate networks best growth rate

On the fixed-line platform service revenue was flat, 0.3%, having declined 2.5% in the second quarter, with both broadband and corporate network services posting their best growth rate in several quarters, 4.1% and 8.1%, respectively which helped offset an 8.0% reduction in wireline voice revenue.

EBITDA +4.3% YoY

EBITDA came in at 31.3 billion pesos, a 4.3% increase from the prior year, with the EBITDA margin reaching 41.0%, as costs and expenses (excluding equipment) rose 5.8%, less than service revenue.

5G coverage in 64 cities

At the end of the quarter we had 64 cities with 5G coverage. We have continued with the migration of traffic and subscribers over to our 5G network.

Income Statement - Mexico Millions of Mexican pesos

	3Q22		3Q21		Var.%		Jan-Sep 22		Jan-Sep 21		Var.%
Total Revenue(1)		76,215		73,918		3.1%		225,418		220,675		2.1%
Total Service Revenue		60,064		56,402		6.5%		175,823		166,663		5.5%
Total Equipment Revenue		14,733		16,584		-11.2%		45,473		51,150		-11.1%
Wireless Revenue		55,659		53,891		3.3%		165,017		160,452		2.8%
Service Revenue		41,042		37,429		9.7%		119,865		109,667		9.3%
Equipment Revenue		14,618		16,462		-11.2%		45,152		50,784		-11.1%
Fixed Line Revenue		19,138		19,095		0.2%		56,280		57,361		-1.9%
Service Revenue		19,023		18,973		0.3%		55,958		56,996		-1.8%
Equipment Revenue		116		121		-4.9%		322		366		-12.0%
EBITDA		31,250		29,961		4.3%		92,533		88,169		4.9%
% total revenue		41.0%		40.5%				41.0%		40.0%
EBIT		23,165		22,203		4.3%		68,543		64,987		5.5%
% total revenue		30.4%		30.0%				30.4%		29.4%

⁽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.

Mexico Operating Data

	3Q22		3Q21		Var.%
Wireless Subscribers (thousands)		81,808		79,315		3.1%
Postpaid		14,582		14,553		0.2%
Prepaid		67,226		64,762		3.8%
ARPU (MxP)		168		159		5.9%
Churn (%)		3.3%		3.4%		(0.2	)
Revenue Generating Units (RGUs)(1)		21,121		21,546		-2.0%
Fixed Lines		11,000		11,498		-4.3%
Broadband		10,121		10,048		0.7%

⁽¹⁾  Fixed Line and Broadband.

Brazil

958k postpaid adds

We gained 894 thousand wireless subscribers in Brazil in the third quarter, adding 958 thousand postpaid clients and disconnecting 65 thousand prepaids. At the end of the quarter we had 86.6 million subscribers in Brazil, which represents a 25.2% increase from the year before. On the fixed-line platform we disconnected 397 thousand accesses, most of which were wireline accesses, 195 thousand, but also 167 thousand PayTV clients.

Service revenue +9.0% YoY

Third quarter revenue was up 9.9% year-on-year to 10.8 billion reais as service revenue growth accelerated to 9.0% from 8.0% the prior quarter. On the mobile platform service revenue climbed 22.5%, its best performance in at least five quarters partly reflecting the incorporation of a group of Oi’s mobile clients from May 1st. In both the prepaid and postpaid segments revenue growth was more dynamic than it had been the prior quarter, with prepaid revenue climbing 32.3% and postpaid revenue 19.9%.

Broadband revenue +4.7% YoY

On the fixed-line platform service revenue declined 3.1%, slightly more than in the second quarter, 2.5%, mostly on account of wireline voice revenue falling 14.3% year-on-year compared to a 13.1% reduction the prior quarter. Corporate networks revenue expanded 27.7%, up from 22.5% in the second quarter, with broadband revenue growth decelerating slightly to 4.7% from 5.0%. PayTV revenue growth, although still negative, is on an improving trend, going from -12.9% in the fourth quarter to -10.8% in the third quarter, having observed smaller declines each quarter in between.

EBITDA was up 10.8% YoY

EBITDA jumped 10.8% year-on-year to 4.4 billion reais with the EBITDA margin coming in at 40.5% as the increase in costs and expenses—7.1% excluding equipment costs—remained below that of service revenue.

5G coverage in 27 cities

We launched 5G services in Brazil in July in the 3.5GHz frequency in 27 cities. Claro also launched new postpaid plans designed for high data consumers in 5G.

Income Statement - Brazil Millions of BrL

	3Q22		3Q21		Var.%		Jan-Sep 22		Jan-Sep 21		Var.%
Total Revenue(1)		10,803		9,833		9.9%		31,343		29,362		6.7%
Total Service Revenue		10,387		9,531		9.0%		30,270		28,439		6.4%
Wireless Revenue		5,890		4,755		23.9%		16,486		14,005		17.7%
Service Revenue		5,499		4,488		22.5%		15,482		13,153		17.7%
Equipment Revenue		392		267		46.4%		1,004		852		17.9%
Fixed Line Revenue		4,888		5,046		-3.1%		14,789		15,289		-3.3%
EBITDA		4,375		3,950		10.8%		12,656		11,771		7.5%
% total revenue		40.5%		40.2%				40.4%		40.1%
EBIT		1,764		1,482		19.0%		4,571		4,120		11.0%
% total revenue		16.3%		15.1%				14.6%		14.0%

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

Total revenue includes other income.

Brazil Operating Data

	3Q22		3Q21		Var.%
Wireless Subscribers (thousands)		86,629		69,213		25.2%
Postpaid		48,937		40,267		21.5%
Prepaid		37,691		28,945		30.2%
ARPU (BrL)		21		22		-2.6%
Churn (%)		2.70%		3.00%		(0.3	)
Revenue Generating Units (RGUs)(1)		24,302		25,604		-5.1%

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

Colombia

522k mobile net adds

We added 522 thousand wireless subscribers in the period, slightly more than those gained the year-earlier quarter, of which 215 thousand were postpaid and 307 thousand were prepaid. We finished September with 36.8 million wireless subscribers, up 7.2% over the prior year with our postpaid base increasing almost twice as rapidly: 13.6%. Fixed-line RGUs totaled 9.2 million at the end of the quarter after adding 110 thousand units including 29 thousand PayTV subscriptions, 60 thousand landlines and 20 thousand broadband accesses.

Mobile service revenue +3.0% YoY

Third quarter revenue of 3.7 trillion Colombian pesos was 1.1% higher than a year before on the back of service revenue growth of 2.0% (slightly higher than in the precedent quarter) under strong competition in both the fixed and mobile segments. Mobile service revenue rose 3.0% year-on-year with postpaid growing 4.3% and prepaid rising 0.5%. Fixed-line service revenue was up 0.6% supported by corporate networks that increased 14.4% and to a lesser extent PayTV revenue that came in 1.0% above last year.

EBITDA margin at 42.8% of revenue

With mounting annual inflation rates that reached 10.1% in September Claro has increased its efforts to contain costs. EBITDA of 1.6 trillion Colombian pesos was 0.3% higher than in the same quarter of 2021 and the EBITDA margin stood at 42.8% of revenue.

Income Statement – Colombia Billions of COP

	3Q22		3Q21		Var.%		Jan-Sep 22		Jan-Sep 21		Var.%
Total Revenue(1)		3,690		3,649		1.1%		11,115		10,771		3.2%
Total Service Revenue		2,866		2,809		2.0%		8,532		8,387		1.7%
Wireless Revenue		2,494		2,447		1.9%		7,534		7,181		4.9%
Service Revenue		1,726		1,675		3.0%		5,112		5,027		1.7%
Equipment Revenue		769		772		-0.4%		2,421		2,154		12.4%
Fixed Line Revenue		1,168		1,160		0.7%		3,500		3,445		1.6%
EBITDA		1,580		1,575		0.3%		4,735		4,637		2.1%
% total revenue		42.8%		43.2%				42.6%		43.0%
EBIT		905		952		-5.0%		2,770		2,772		-0.1%
% total revenue		24.5%		26.1%				24.9%		25.7%

⁽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.

Colombia Operating Data

	3Q22		3Q21		Var.%
Wireless Subscribers (thousands)(1)		36,844		34,356		7.2%
Postpaid		9,535		8,392		13.6%
Prepaid		27,309		25,964		5.2%
ARPU (COP)		15,894		16,688		-4.8%
Churn (%)		3.70%		4.50%		(0.8	)
Revenue Generating Units (RGUs)(2)		9,184		8,789		4.5%

⁽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 (MinTIC).

⁽²⁾  Fixed Line, Broadband and Television.

Peru

155k postpaid net adds

We ended September with 12.3 million wireless subscribers, 3.8% more than a year before. In line with the trends observed the last few quarters, clients continue to migrate from prepaid to postpaid: we booked 155 thousand net contract gains, but lost 101 thousand prepaid subscribers. Fixed-line RGUs increased by 31 thousand in the period—including 12 thousand broadband accesses and 11 thousand PayTV subscriptions—to reach almost two million units.

Mobile service revenue +5.5% YoY

Total revenue reached 1.6 billion Peruvian soles, 1.1% more than a year before, with service revenue rising 4.5%. Mobile service revenue increased 5.5% with postpaid revenue expanding 9.6%. On the fixed-line platform, service revenue came in at 1.4% above the prior year on the back of PayTV revenue and broadband revenue which rose 10.3% and 3.7%, respectively.

EBITDA growth recovered

As a result of revenue growth, cost controls and better equipment margins, EBITDA recovered from a -10.6% decline in the second quarter to a -0.9% in the third quarter. The EBITDA margin stood at 36.3%.

We continue to have a positive balance from Mobile Number Portability which reflects the consumer preferences for Claro’s network and customer care.

Income Statement - Perú Millions of Soles

	3Q22			3Q21			Var.%			Jan-Sep 22			Jan-Sep 21			Var.%
Total Revenue(1)		1,584			1,567			1.1	%		4,780			4,503			6.1	%
Total Service Revenue		1,188			1,138			4.4	%		3,482			3,271			6.4	%
Wireless Revenue		1,279			1,268			0.9	%		3,880			3,636			6.7	%
Service Revenue		891			844			5.5	%		2,605			2,423			7.5	%
Equipment Revenue		388			424			-8.3	%		1,275			1,213			5.1	%
Fixed Line Revenue		297			294			1.3	%		877			849			3.4	%
EBITDA		575			580			-0.9	%		1,601			1,701			-5.9	%
% total revenue		36.3	%		37.0	%					33.5	%		37.8	%
EBIT		278			276			0.9	%		711			828			-14.2	%
% total revenue		17.6	%		17.6	%					14.9	%		18.4	%

⁽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.

Peru Operating Data

	3Q22		3Q21		Var.%
Wireless Subscribers (thousands)		12,256		11,810		3.8%
Postpaid		5,521		4,921		12.2%
Prepaid		6,735		6,890		-2.2%
ARPU (Sol)		24		24		0.6%
Churn (%)		4.4%		4.0%		0.4
Revenue Generating Units (RGUs)(1)		1,993		1,886		5.7%

⁽¹⁾  Fixed Line, Broadband and Television.

Ecuador

98k wireless net adds

Our wireless subscriber base finished September with 8.9 million clients, 4.1% more than a year before, after adding 98 thousand new clients in the period. On the fixed-line segment we had a total of 607 thousand RGUs, 18.4% more than a year before, following net gains of 25 thousand units including almost 10 thousand new broadband accesses.

Fixed-line service revenue 4.7% YoY

Revenue reached 260 million dollars, 2.4% more than in the same quarter of last year with service revenue rising 2.0%, up from 0.4% in the second quarter and -3.2% in the first. Mobile service revenue increased 1.6% to 203 million dollars in spite of a downfall in ARPU that resulted from aggressive promotions in the midst of a tough economic environment. Fixed-line service revenue growth improved from 2.2% in the second quarter to 4.7% in the current period on the back of greater cross-selling efforts with attractive bundle offers.

EBITDA was up 5.1% YoY

At 123 million dollars third quarter EBITDA came in 5.1% above last year’s, resulting from better top line performance and operating efficiencies. The EBITDA margin reached 47.3%; 1.2 percentage points higher than that of the third quarter of 2021.

Income Statement - Ecuador Millions of Dollars

	3Q22		3Q21		Var.%		Jan-Sep 22		Jan-Sep 21		Var.%
Total Revenue(1)		260		254		2.4%		766		760		0.7%
Total Service Revenue		230		225		2.0%		675		677		-0.3%
Wireless Revenue		233		228		2.3%		683		681		0.3%
Service Revenue		203		200		1.6%		595		600		-0.7%
Equipment Revenue		30		28		7.0%		88		81		8.4%
Fixed Line Revenue		27		26		3.4%		82		79		4.0%
EBITDA		123		117		5.1%		356		342		4.0%
% total revenue		47.3%		46.0%				46.5%		45.0%
EBIT		71		66		7.6%		212		185		14.7%
% total revenue		27.2%		25.9%				27.6%		24.3%

⁽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.

Ecuador Operating Data

	3Q22		3Q21		Var.%
Wireless Subscribers (thousands)		8,900		8,547		4.1%
Postpaid		2,170		2,070		4.8%
Prepaid		6,730		6,477		3.9%
ARPU (US$)		8		8		-3.2%
Churn (%)		3.3%		3.3%		—
Revenue Generating Units (RGUs)(1)		607		512		18.4%

⁽¹⁾  Fixed Line, Broadband and Television.

Chile

Joint venture between Claro Chile with VTR

On October 6th, we received the approvals to proceed with the joint venture of our operation Claro Chile and VTR. The combined entity will be better positioned to increase access and coverage in the country and will generate benefits for its clients.

44k prepaid net adds

During the third quarter we disconnected 84 thousand postpaid subscribers and added 44 thousand prepaids to finish September with 7.2 million wireless subscribers, 5.4% more than a year before. We also had 1.2 million fixed-line RGUs after cutting 51 thousand fixed units in the period.

EBITDA came in at 17M ChP

Total revenue contracted 21.5% on the back of service revenue that fell 10.9% and equipment revenue that plummeted 51.4% over the year. On the mobile segment, service revenue declined 15.7% and on the fixed-line segment 5.2%. EBITDA for the period came in at 16.6 million Chilean pesos; it was equivalent to 9.9% of revenue.    

Income Statement - Chile Millions of ChP

	3Q22		3Q21		Var.%		Jan-Sep 22		Jan-Sep 21		Var.%
Total Revenue(1)		167,813		213,756		-21.5%		551,540		607,266		-9.2%
Total Service Revenue		142,183		159,529		-10.9%		442,111		483,625		-8.6%
Wireless Revenue		98,028		138,560		-29.3%		337,370		381,255		-11.5%
Service Revenue		72,501		86,011		-15.7%		228,081		260,505		-12.4%
Equipment Revenue		25,528		52,550		-51.4%		109,289		120,750		-9.5%
Fixed Line Revenue		69,683		73,519		-5.2%		214,032		223,120		-4.1%
EBITDA		16,617		36,685		-54.7%		82,749		119,604		-30.8%
% total revenue		9.9%		17.2%				15.0%		19.7%
EBIT		-43,015		-12,235		-251.6%		-79,322		-30,665		-158.7%
% total revenue		-25.6%		-5.7%				-14.4%		-5.0%

⁽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.

Chile Operating Data

	3Q22		3Q21		Var.%
Wireless Subscribers (thousands)		7,188		6,818		5.4%
Postpaid		2,905		2,757		5.4%
Prepaid		4,283		4,060		5.5%
ARPU (ChP)		3,343		4,508		-25.8%
Churn (%)		4.7%		4.7%		—
Revenue Generating Units (RGUs)(1)		1,233		1,345		-8.4%

⁽¹⁾  Fixed Line, Broadband and Television.

Argentina

For comparison purposes all comments in this section related to annual variations of the presented period for Argentina refer 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.

105k wireless net adds and 255k fixed-line new RGUs

We ended September with 23.8 million wireless subscribers after adding 105 thousand wireless subscribers in the third quarter; two thirds were postpaid. Fixed-line RGUs rose 54% over the year to 2.4 million after net additions of 255 thousand in the quarter including 95 thousand new broadband accesses.

Price increases fell short of actual inflation, affecting revenues

Third quarter revenue of 66.3 billion Argentinean pesos was down 12.8% compared to the prior year as a result of an 18.4% contraction in service revenue that compares to minus 10.7% in the second quarter. The price increases we planned for fell short of actual inflation rates exacerbating the impact in revenue; additionally, consumers have felt more constrained in terms of disposable income and we experienced more pressure in ARPU. Mobile service revenue was 19.8% below than that of the same period of last year while fixed service revenue declined 10.2% in real terms.

EBITDA margin at 40.2% of revenue

We have made extraordinary efforts to adjust costs; EBITDA for the quarter was 26.7 billion Argentinean pesos, 14.5% lower than last year, EBITDA margin was equivalent to 40.2% of revenue, 0.8 percentage points below last year’s.

Committed to excel in customer experience—albeit inflationary challenges—Claro continues to lead in mobile number portability.

Income Statement - Argentina Millions of Constant ARS of September 2022

	3Q22		3Q21		Var.%		Jan-Sep 22		Jan-Sep 21		Var.%
Total Revenue(1)		66,274		76,035		-12.8%		203,026		220,778		-8.0%
Total Service Revenue		49,988		61,295		-18.4%		160,408		179,416		-10.6%
Wireless Revenue		58,566		67,500		-13.2%		179,321		196,324		-8.7%
Service Revenue		42,467		52,919		-19.8%		137,212		155,448		-11.7%
Equipment Revenue		16,100		14,582		10.4%		42,109		40,876		3.0%
Fixed Line Revenue		7,521		8,376		-10.2%		23,195		23,967		-3.2%
EBITDA		26,667		31,204		-14.5%		82,053		88,623		-7.4%
% total revenue		40.2%		41.0%				40.4%		40.1%
EBIT		21,772		25,206		-13.6%		66,478		70,184		-5.3%
% total revenue		32.9%		33.2%				32.7%		31.8%

⁽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.

Argentina Operating Data

	3Q22		3Q21		Var.%
Wireless Subscribers (thousands)		23,775		23,049		3.1%
Postpaid		9,072		8,724		4.0%
Prepaid		14,702		14,325		2.6%
ARPU (ARS)		628		794		-21.0%
Churn (%)		1.5%		1.3%		0.2
Revenue Generating Units (RGUs)(1)		2,356		1,535		53.5%

⁽¹⁾  Fixed Line, Broadband and Television.

Central America

192k mobile net adds and 65k new fixed-line RGUs

Our operations in Central America added 192 thousand subscribers including 51 thousand contract subs. Our wireless subscriber base ended September with 16.4 million, a 6.4% increase from the year-earlier quarter. Fixed-line RGUs rose 5.4% annually to 4.6 million after net gains of 65 thousand units that include 43 thousand additional PayTV units and 31 thousand broadband accesses.

Service revenue accelerated to 3.6%

Revenue of 589 million dollars in the third quarter was 5.4% above that of the prior year as service revenue growth accelerated to 3.6% from 1.9% in the second quarter. Following subscriber growth, we saw mobile service revenue expanding 6.5%—the highest growth rate in six quarters—with strong performance in all markets, with prepaid revenue increasing 7.2% and postpaid 5.5%. Fixed-line service revenue fell 1.5% as the decline in wireline voice revenue, 7.9%, more than offset revenue growth in the other segments: PayTV, 4.4%; corporate networks, 2.8%; and broadband 0.7%.

EBITDA +1.2% YoY

EBITDA came in at 252 million dollars which is equivalent to 42.8% of revenues. The period’s EBITDA was 1.2% above that of the prior year.

5G launch in Guatemala

On July 20th we launched 5G services in Guatemala with nation-wide presence covering all major cities. We continue to improve our platforms and were recognized by OOKLA as the best network in all markets in Central America.

Networks and overall customer experience have allowed us to report net gains from mobile number portability in every country in the block.

Income Statement⁽¹⁾ - Central America Millions of Dollars

	3Q22		3Q21		Var.%		Jan-Sep 22		Jan-Sep 21		Var.%
Total Revenue(2)		589		559		5.4%		1,740		1,661		4.8%
Total Service Revenue		505		487		3.6%		1,499		1,453		3.2%
Wireless Revenue		401		370		8.3%		1,174		1,097		7.1%
Service Revenue		329		309		6.5%		969		918		5.6%
Equipment Revenue		72		61		17.5%		205		179		14.7%
Fixed Line Revenue		183		185		-1.1%		551		552		-0.3%
EBITDA		252		249		1.2%		758		730		3.8%
% total revenue		42.8%		44.6%				43.5%		44.0%
EBIT		134		139		-3.9%		408		392		4.1%
% total revenue		22.7%		24.9%				23.4%		23.6%

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

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

Central America Operating Data⁽¹⁾

	3Q22		3Q21		Var.%
Wireless Subscribers (thousands)		16,381		15,392		6.4%
Postpaid		2,333		2,168		7.6%
Prepaid		14,049		13,224		6.2%
ARPU (US$)		7		7		-0.1%
Churn (%)		5.9%		5.7%		0.2
Revenue Generating Units (RGUs)(2)		4,579		4,343		5.4%

⁽¹⁾  Fixed Line, Broadband and Television.

⁽²⁾  Fixed Line, Broadband and Television.

Caribbean

59k wireless net adds in Dominican Republic

We added 59 thousand wireless subscribers in the Dominican Republic. Postpaid net adds came in line with those of the last two quarters at 13 thousand whereas prepaid additions totaled 46 thousand. We ended the period with 6.2 million clients, 7.1% more than a year before. Fixed-line RGUs expanded 2.6% over the year after adding four thousand units.

Service revenue +5.4% YoY in Dominican Republic

In the Dominican Republic, revenue rose 6.0% year-on-year to 14.8 billion Dominican pesos, with service revenue increasing 5.4%. Wireless service revenue was up 5.1% in the period climbing 7.1% in the postpaid segment and 3.5% on prepaid. Fixed-line service revenue was 5.8% greater than in the year-earlier quarter on the back of broadband and corporate networks revenue that expanded 13.8% and 13.0%, respectively.

EBITDA +5.7% YoY in Dominican Republic

EBITDA increased 5.7% to 7.6 billion Dominican pesos and the EBITDA margin remained practically unchanged at 51.3%.

Puerto Rico hit by hurricane Fiona

On September 17th Puerto Rico was hit by hurricane Fiona, causing widespread flooding and severe damage. Power went out leaving thousands of households without basic services like water and functioning sewer systems. Claro has made a great effort to restore communication services in the island using alternative sources of power and emergency equipment.

On account of the disruption experienced in the last two weeks of the quarter, we saw a deterioration of operating and financial metrics in the period. The full damage and impact is being assessed and will be reported in due course.

Service revenue +3.2% YoY

Total revenue declined 1.2% relative to last year with service revenue up 3.2%. Wireless service revenue remained roughly flat even as prepaid revenue declined 8.2%. Fixed-line service revenue was up 8.7% as a result of strong growth in Pay TV services that more than doubled over the year, and broadband revenue that increased 10.8%. EBITDA declined 0.6% as the EBITDA margin stood at 19.4% of revenue.

Income Statement - Caribbean Millions of Dollars

	3Q22		3Q21		Var.%		Jan-Sep 22		Jan-Sep 21		Var.%
Total Revenue(1)		489		462		5.8%		1,448		1,381		4.9%
Total Service Revenue		435		404		7.8%		1,280		1,203		6.4%
Wireless Revenue		307		294		4.2%		925		876		5.6%
Service Revenue		255		240		6.0%		756		704		7.4%
Equipment Revenue		52		54		-4.0%		168		171		-1.8%
Fixed Line Revenue		184		166		11.0%		531		505		5.1%
EBITDA		182		168		8.5%		542		500		8.3%
% total revenue		37.2%		36.3%				37.4%		36.2%
EBIT		95		83		14.0%		282		248		13.5%
% total revenue		19.5%		18.1%				19.4%		18.0%

⁽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.

Caribbean Operating Data

	3Q22		3Q21		Var.%
Wireless Subscribers (thousands)		7,276		6,876		5.8%
Postpaid		2,162		2,130		1.5%
Prepaid		5,114		4,747		7.7%
ARPU (US$)		12		12		-2.1%
Churn (%)		3.2%		3.1%		0.1
Revenue Generating Units (RGUs)(1)		2,695		2,630		2.5%

⁽¹⁾  Fixed Line, Broadband and Television.

Austria

345k wireless net adds

We added 345 thousand subscribers in the third quarter, almost all were postpaid. Our wireless subscriber base finished September with 8.7 million, 13.3% more than a year before. On the fixed-line segment we ended the quarter with three million RGUs after net disconnections of 24 thousand in the period.

Mobile service revenue +4.8% YoY

Revenue growth of 4.5% accelerated from 1.5% in the second quarter backed by equipment revenue growth of 38%. Service revenue rose 1.0% with mobile service revenue increasing 4.8% more than compensating for the fixed-line service revenue decline of 1.7%. We had a good performance in mobile stemming from improvements in visitor roaming, strong demand for mobile-WiFi services and inflation-linked price adjustments. Fixed-line service revenue suffered from a contraction in retail sales.

EBITDA +4.7% YoY

Our adjusted EBITDA was roughly flat, +0.2%, whereas EBITDA increased 4.7% to 292 million euros on account to the release of pension related provisions associated to interest rate increases. The aforementioned effect more than compensated for surging electricity costs, greater content and advertising costs and overall operating expenses that have been affected by rising inflation. The margin for the quarter stood at 41.6% of revenue, just above that of the year-earlier quarter.

Income Statement - Austria Millions of Euros

	3Q22		3Q21		Var.%		Jan-Sep 22		Jan-Sep 21		Var.%
Total Revenue(1)		702		673		4.5%		2,042		1,996		2.3%
Total Service Revenue		608		601		1.0%		1,799		1,773		1.4%
Wireless Revenue		319		303		5.4%		923		888		3.9%
Service Revenue		264		252		4.8%		769		729		5.4%
Equipment Revenue		55		50		8.3%		154		159		-3.0%
Fixed Line Revenue		371		359		3.5%		1,081		1,072		0.8%
EBITDA		292		279		4.7%		795		757		5.0%
% total revenue		41.6%		41.5%				38.9%		37.9%
Adjusted EBITDA(2)		301		300		0.2%		845		820		3.0%
% total revenue		42.8%		44.6%				41.4%		41.1%
EBIT		154		144		7.0%		383		347		10.5%
% total revenue		21.9%		21.4%				18.8%		17.4%

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

⁽¹⁾  Total revenue includes other income.

⁽²⁾  Does not include restructuring charges in Austria.

Austria Operating Data

	3Q22			3Q21			Var.%
Wireless Subscribers (thousands)(1)		8,651			7,638			13.3	%
Postpaid		7,568			6,616			14.4	%
Prepaid		1,082			1,022			5.9	%
ARPU (euros)		11			11			-6.3	%
Churn (%)		0.7	%		0.8	%		-0.1
Revenue Generating Units (RGUs)(2)		2,971			3,074			-3.4	%

⁽¹⁾  Includes A1 Digital subscribers.

⁽²⁾  Fixed Line, Broadband and Television.

Other European

156k wireless net adds and 43k new RGUs

Our combined operations in Eastern Europe registered net additions of 156 thousand in the quarter including 45 thousand from Macedonia, 41 thousand from Bulgaria, 39 thousand from Croatia and 23 thousand from Belarus. Our combined base ended the quarter with 15.1 million wireless subscribers, 0.2% more than a year before. On the fixed-line segment we added 43 thousand RGUs bringing the total to 3.2 million RGUs, 6.9% more than a year before. Belarus lead the way with 25 thousand followed by Bulgaria with 11 thousand. Broadband was the fastest growing division.

Service revenue +8.6% YoY at constant exchange rates

Revenue growth accelerated to 10.1% from 7.3% in the precedent quarter to 601 million euros. Service revenue rose 11.2%; with mobile growing 9.6% and fixed expanding 16.1%. All operations posted service revenue growth and solid operational trends; Belarus registered the highest nominal growth rate partly on account of a sharp appreciacition of its currency vs. the euro.

EBITDA +8.7% YoY at constant exchange rates

EBITDA came in at 237 million euros, 11.9% more than a year before as inflationary pressures were more than offset by strong top line performance and noteworthy EBITDA expansion in Belarus and Bulgaria. The margin for the period was 39.5%, up 60 basis points from last year’s quarter. Excluding the effect of the appreciation mentioned above the EBITDA increased 8.7% year-on-year .

Income Statement - Other European Millions of Euros

	3Q22		3Q21		Var.%		Jan-Sep 22		Jan-Sep 21		Var.%
Total Revenue(1)		601		545		10.1%		1,653		1,536		7.6%
Total Service Revenue		471		424		11.2%		1,308		1,196		9.4%
Wireless Revenue		459		428		7.3%		1,265		1,198		5.6%
Service Revenue		353		322		9.6%		974		899		8.3%
Equipment Revenue		106		106		0.3%		291		299		-2.7%
Fixed Line Revenue		130		109		19.1%		356		313		13.6%
EBITDA		237		212		11.9%		646		585		10.4%
% total revenue		39.5%		38.8%				39.1%		38.1%
EBIT		131		112		17.1%		342		289		18.5%
% total revenue		21.9%		20.6%				20.7%		18.8%

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 income.

Other European Operating Data

	3Q22		3Q21		Var.%
Wireless Subscribers (thousands)		15,125		15,094		0.2%
Postpaid		12,140		11,977		1.4%
Prepaid		2,985		3,117		-4.2%
ARPU (euros)		8		7		8.1%
Churn (%)		1.6%		1.5%		0.2
Revenue Generating Units (RGUs)(1)		3,183		2,979		6.9%

⁽¹⁾  Fixed Line, Broadband and Television.

Exchange Rates Local Currency Units per Mexican peso

	3Q22		3Q21		Var.%			Jan-Sep 22		Jan-Sep 21		Var.%
Euro
End of Period		0.0502		0.0425		18.1	%		0.0502		0.0425		18.1	%
Average		0.049		0.0424		15.7	%		0.0463		0.0415		11.5	%
U.S.
End of Period		0.0492		0.0492		0.0	%		0.0492		0.0492		0.0	%
Average		0.0494		0.05		-1.2	%		0.0493		0.0497		-0.7	%
Brazilean Real
End of Period		0.2663		0.2679		-0.6	%		0.2663		0.2679		-0.6	%
Average		0.2591		0.2612		-0.8	%		0.2532		0.265		-4.4	%
Argentinean Peso
End of Period		7.2551		4.8626		49.2	%		7.2551		4.8626		49.2	%
Average		6.6997		4.8596		37.9	%		5.9218		4.6359		27.7	%
Chilean Peso
End of Period		47.289		39.9833		18.3	%		47.289		39.9833		18.3	%
Average		45.6985		38.535		18.6	%		42.3467		36.6291		15.6	%
Colombian Peso
End of Period		223.19		188.84		18.2	%		223.19		188.84		18.2	%
Average		216.21		192.14		12.5	%		200.68		183.70		9.2	%
Guatemalan Quetzal
End of Period		0.3882		0.3809		1.9	%		0.3882		0.3809		1.9	%
Average		0.3832		0.3868		-0.9	%		0.3807		0.3846		-1.0	%
Peruvian Sol
End of Period		0.1962		0.2037		-3.7	%		0.1962		0.2037		-3.7	%
Average		0.1923		0.2023		-4.9	%		0.1884		0.1906		-1.2	%
Dominican Republic Peso
End of Period		2.6505		2.7869		-4.9	%		2.6505		2.7869		-4.9	%
Average		2.6716		2.8546		-6.4	%		2.7295		2.8539		-4.4	%

Exchange Rates Local Currency Units per USD

	3Q22			3Q21		Var.%			Jan-Sep 22		Jan-Sep 21		Var.%
Euro
End of Period		1.0202			0.8636		18.1	%		1.0202		0.8636		18.1	%
Average		0.9927			0.8482		17.0	%		0.9388		0.8359		12.3	%
Mexican Peso			��
End of Period		20.3058			20.306		0.0	%		20.3058		20.306		0.0	%
Average		20.2412			20.0062		1.2	%		20.267		20.1188		0.7	%
Brazilean Real
End of Period		5.4066			5.4394		-0.6	%		5.4066		5.4394		-0.6	%
Average		5.2444			5.2254		0.4	%		5.1318		5.3313		-3.7	%
Argentinean Peso
End of Period		147.32			98.74		49.2	%		147.32		98.74		49.2	%
Average		135.609			97.2213		39.5	%		120.0163		93.2692		28.7	%
Chilean Peso
End of Period		960.24			811.9		18.3	%		960.24		811.9		18.3	%
Average		924.992			770.9386		20.0	%		858.242		736.9324		16.5	%
Colombian Peso
End of Period		4,532.07			3,834.68		18.2	%		4,532.07		3,834.68		18.2	%
Average		4,376.41			3,844.06		13.8	%		4,067.10		3,695.83		10.0	%
Guatemalan Quetzal
End of Period		7.8837			7.7337		1.9	%		7.8837		7.7337		1.9	%
Average		7.7571			7.7384		0.2	%		7.715		7.7379		-0.3	%
Peruvian Sol
End of Period		3.984			4.136		-3.7	%		3.984		4.136		-3.7	%
Average		3.8928			4.0463		-3.8	%		3.8181		3.8353		-0.4	%
Dominican Republic Peso
End of Period		53.82			56.59		-4.9	%		53.82		56.59		-4.9	%
Average		54.0757			57.1089		-5.3	%		55.3196		57.4168		-3.7	%

Appendix

Financial Debt of América Móvil⁽¹⁾ Millions

	Sep-22		Dec-21
Peso - denominated debt (MxP)		100,214		85,737
Bonds(2)		51,934		51,657
Banks and others		48,280		34,080
U.S. Dollar - denominated debt (USD)		8,521		8,466
Bonds		8,496		7,751
Banks and others		25		715
Euro - denominated Debt (EUR)		7,320		8,497
Bonds		6,150		7,697
Commercial Paper		50		0
Banks and others		1,120		800
Sterling - denominated Debt (GBP)		2,200		2,200
Bonds		2,200		2,200
Reais - denominated Debt (BRL)		9,891		5,500
Bonds		8,250		5,500
Banks and others		1,641		0
Debt denominated in other currencies(3) (MxP)		18,515		23,384
Bonds		5,446		6,102
Banks and others		13,069		17,282
Total Debt (MxP)		524,503		564,030
Cash, Marketable Securities and Short Term Financial Investments(4) (MxP)		119,678		163,278
Net Debt (MxP)		404,825		400,752

⁽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 and Chilean pesos.

⁽⁴⁾  Includes fixed income securities with nominal tenor of more than one year.

Summary Cash Flow Millions of Mexican pesos

	Jan-Sep 22		Jan-Sep 21
Funds from Operations		115,276		185,723
Capital Expenditures		105,271		91,536
Free Cash Flow(1)		8,521		92,616
Dividends and Share Buybacks		45,746		34,791
Sale of Ownership Interest(2)		-33,459		-1,141
Net Debt Amortizations(2)		-24,993		37,600
Amortization of Labor Obligations		19,970		14,540
Other		1,257		6,828

⁽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 and 2021.

⁽²⁾  Includes 47 billion pesos from the spin-off of Sitios Latinoamérica which is treated as a sale with the proceeds utilized to reduce debt.

AMERICA MOVIL, S.A.B. DE C.V.	Consolidated
Ticker: AMX	Quarter: 3 Year: 2022

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

Concept	Close Current Quarter 2022-09-30		Close Previous Exercise 2021-12-31
Statement of financial position [abstract]
Assets [abstract]
Current assets [abstract]
Cash and cash equivalents		27,678,829,000		38,679,891,000
Trade and other current receivables		165,035,264,000		160,271,044,000
Current tax assets, current		47,415,550,000		43,734,164,000
Other current financial assets		89,002,254,000		127,834,008,000
Current inventories		31,821,865,000		24,185,310,000
Current biological assets		0		0
Other current non-financial assets		15,628,480,000		9,452,252,000
Total current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners		376,582,242,000		404,156,669,000
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners		0		0
Total current assets		376,582,242,000		404,156,669,000
Non-current assets [abstract]
Trade and other non-current receivables		7,812,599,000		6,928,888,000
Current tax assets, non-current		11,843,137,000		11,792,731,000
Non-current inventories		0		0
Non-current biological assets		0		0
Other non-current financial assets		6,833,188,000		6,894,757,000
Investments accounted for using equity method		0		0
Investments in subsidiaries, joint ventures and associates		3,142,178,000		3,052,481,000
Property, plant and equipment		664,396,511,000		731,196,679,000
Investment property		0		0
Right-of-use assets that do not meet definition of investment property		121,944,582,000		90,372,393,000
Goodwill		143,330,328,000		136,578,194,000
Intangible assets other than goodwill		131,646,378,000		143,225,764,000
Deferred tax assets		133,125,491,000		127,287,934,000
Other non-current non-financial assets		29,646,934,000		28,163,359,000
Total non-current assets		1,253,721,326,000		1,285,493,180,000
Total assets		1,630,303,568,000		1,689,649,849,000
Equity and liabilities [abstract]
Liabilities [abstract]
Current liabilities [abstract]
Trade and other current payables		207,482,416,000		237,206,440,000
Current tax liabilities, current		61,160,714,000		59,525,325,000
Other current financial liabilities		178,271,412,000		155,257,180,000
Current lease liabilities		33,969,414,000		27,632,357,000
Other current non-financial liabilities		0		0
Current provisions [abstract]
Current provisions for employee benefits		23,349,552,000		16,858,343,000
Other current provisions		38,764,266,000		37,533,121,000
Total current provisions		62,113,818,000		54,391,464,000
Total current liabilities other than liabilities included in disposal groups classified as held for sale		542,997,774,000		534,012,766,000
Liabilities included in disposal groups classified as held for sale		0		0
Total current liabilities		542,997,774,000		534,012,766,000
Non-current liabilities [abstract]
Trade and other non-current payables		2,593,022,000		2,698,276,000
Current tax liabilities, non-current		0		0

AMERICA MOVIL, S.A.B. DE C.V.	Consolidated
Ticker: AMX	Quarter: 3 Year: 2022

Concept	Close Current Quarter 2022-09-30			Close Previous Exercise 2021-12-31
Other non-current financial liabilities		380,429,841,000			418,807,430,000
Non-current lease liabilities		100,213,526,000			71,021,868,000
Other non-current non-financial liabilities		0			0
Non-current provisions [abstract]
Non-current provisions for employee benefits		131,185,993,000			142,850,465,000
Other non-current provisions		10,825,576,000			16,752,223,000
Total non-current provisions		142,011,569,000			159,602,688,000
Deferred tax liabilities		30,501,424,000			49,465,095,000
Total non-current liabilities		655,749,382,000			701,595,357,000
Total liabilities		1,198,747,156,000			1,235,608,123,000
Equity [abstract]
Issued capital		95,327,783,000			96,333,432,000
Share premium		0			0
Treasury shares		0			0
Retained earnings		496,298,343,000			447,690,426,000
Other reserves		(222,147,259,000	)		(154,388,931,000	)
Total equity attributable to owners of parent		369,478,867,000			389,634,927,000
Non-controlling interests		62,077,545,000			64,406,799,000
Total equity		431,556,412,000			454,041,726,000
Total equity and liabilities		1,630,303,568,000			1,689,649,849,000

AMERICA MOVIL, S.A.B. DE C.V.	Consolidated
Ticker: AMX	Quarter: 3 Year: 2022

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

Concept	Accumulated Current Year 2022-01-01 - 2022-09-30		Accumulated Previous Year 2021-01-01  - 2021-09-30		Quarter Current Year 2022-07-01  - 2022-09-30		Quarter Previous Year 2021-07-01  - 2021-09-30
Profit or loss [abstract]
Profit (loss) [abstract]
Revenue		641,666,233,000		625,907,639,000		214,466,279,000		210,770,583,000
Cost of sales		375,055,641,000		370,755,974,000		124,038,171,000		124,462,566,000
Gross profit		266,610,592,000		255,151,665,000		90,428,108,000		86,308,017,000
Distribution costs		92,939,167,000		88,981,968,000		31,191,924,000		29,717,863,000
Administrative expenses		46,126,820,000		43,736,756,000		14,492,902,000		14,255,875,000
Other income		0		0		0		0
Other expense		3,186,901,000		3,858,842,000		1,172,300,000		933,204,000
Profit (loss) from operating activities		124,357,704,000		118,574,099,000		43,570,982,000		41,401,075,000
Finance income		37,928,690,000		2,789,506,000		7,073,736,000		1,246,694,000
Finance costs		65,102,551,000		46,465,063,000		23,542,956,000		26,279,698,000
Share of profit (loss) of associates and joint ventures accounted for using equity method		48,014,000		118,674,000		52,303,000		102,551,000
Profit (loss) before tax		97,231,857,000		75,017,216,000		27,154,065,000		16,470,622,000
Tax income (expense)		33,851,832,000		22,876,408,000		10,852,082,000		3,755,909,000
Profit (loss) from continuing operations		63,380,025,000		52,140,808,000		16,301,983,000		12,714,713,000
Profit (loss) from discontinued operations		3,378,869,000		12,301,354,000		3,405,014,000		4,866,761,000
Profit (loss)		66,758,894,000		64,442,162,000		19,706,997,000		17,581,474,000
Profit (loss), attributable to [abstract]
Profit (loss), attributable to owners of parent		62,449,704,000		60,436,753,000		17,969,166,000		15,810,799,000
Profit (loss), attributable to non-controlling interests		4,309,190,000		4,005,409,000		1,737,831,000		1,770,675,000
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		0.72		0.23		0.17
Basic earnings (loss) per share from discontinued operations		0.05		0.18		0.05		0.07
Total basic earnings (loss) per share		0.97		0.9		0.28		0.24
Diluted earnings per share [abstract]
Diluted earnings (loss) per share from continuing operations		0.92		0.72		0.23		0.17
Diluted earnings (loss) per share from discontinued operations		0.05		0.18		0.05		0.07
Total diluted earnings (loss) per share		0.97		0.9		0.28		0.24

AMERICA MOVIL, S.A.B. DE C.V.	Consolidated
Ticker: AMX	Quarter: 3 Year: 2022

[520000] Statement of cash flows, indirect method

Concept	Accumulated Current Year 2022-01-01 - 2022-09-30			Accumulated Previous Year 2021-01-01 - 2021-09-30
Statement of cash flows [abstract]
Cash flows from (used in) operating activities [abstract]
Profit (loss)		66,758,894,000			64,442,162,000
Adjustments to reconcile profit (loss) [abstract]
+ Discontinued operations		(2,808,752,000	)		896,391,000
+ Adjustments for income tax expense		33,851,832,000			22,876,408,000
+ (-) Adjustments for finance costs		15,016,511,000			32,373,967,000
+ Adjustments for depreciation and amortisation expense		122,386,951,000			119,863,151,000
+ Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss		0			0
+ Adjustments for provisions		14,497,642,000			16,037,279,000
+ (-) 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		330,915,000			566,035,000
		(48,014,000	)		(118,674,000	)
+ (-) Adjustments for decrease (increase) in inventories		(8,624,834,000	)		(1,647,223,000	)
+ (-) Adjustments for decrease (increase) in trade accounts receivable		(16,641,490,000	)		(2,330,062,000	)
+ (-) Adjustments for decrease (increase) in other operating receivables		(8,288,310,000	)		(10,417,083,000	)
+ (-) Adjustments for increase (decrease) in trade accounts payable		(10,006,014,000	)		2,052,478,000
+ (-) Adjustments for increase (decrease) in other operating payables		(20,312,183,000	)		(17,939,314,000	)
+ 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)		119,354,254,000			162,213,353,000
Net cash flows from (used in) operations		186,113,148,000			226,655,515,000
- Dividends paid		0			0
		0			0
- Interest paid		0			0
+ Interest received		2,749,169,000			1,835,271,000
+ (-) Income taxes refund (paid)		39,490,141,000			26,544,350,000
+ (-) Other inflows (outflows) of cash		0			0
Net cash flows from (used in) operating activities		149,372,176,000			201,946,436,000
Cash flows from (used in) investing activities [abstract]
+ Cash flows from losing control of subsidiaries or other businesses		4,282,383,000			822,000,000
- Cash flows used in obtaining control of subsidiaries or other businesses		17,368,908,000			0
+ Other cash receipts from sales of equity or debt instruments of other entities		0			0
- Other cash payments to acquire equity or debt instruments of other entities		0			0
+ Other cash receipts from sales of interests in joint ventures		2,829,000			325,199,000
- Other cash payments to acquire interests in joint ventures		0			0
+ Proceeds from sales of property, plant and equipment		207,731,000			171,994,000
- Purchase of property, plant and equipment		103,313,027,000			84,465,790,000
+ Proceeds from sales of intangible assets		0			0
- Purchase of intangible assets		1,738,197,000			5,991,969,000
+ Proceeds from sales of other long-term assets		0			0
- Purchase of other long-term assets		0			0

AMERICA MOVIL, S.A.B. DE C.V.	Consolidated
Ticker: AMX	Quarter: 3 Year: 2022

Concept	Accumulated Current Year 2022-01-01 - 2022-09-30			Accumulated Previous Year 2021-01-01 - 2021-09-30
+ 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		4,682,650,000			2,628,600,000
- Interest paid		0			0
+ Interest received		0			0
		0			0
+ (-) Other inflows (outflows) of cash		46,549,976,000			(4,439,718,000	)
Net cash flows from (used in) investing activities		(66,694,563,000	)		(90,949,684,000	)
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		6,076,000			5,850,000
+ Proceeds from issuing shares		0			0
+ Proceeds from issuing other equity instruments		0			0
- Payments to acquire or redeem entity’s shares		20,920,392,000			22,418,965,000
- Payments of other equity instruments		0			0
+ Proceeds from borrowings		127,348,086,000			70,789,875,000
- Repayments of borrowings		120,911,994,000			103,347,911,000
- Payments of finance lease liabilities		0			0
- Payments of lease liabilities		25,349,068,000			23,589,855,000
+ Proceeds from government grants		0			0
- Dividends paid		29,523,313,000			15,000,231,000
- Interest paid		21,332,493,000			16,607,756,000
+ (-) Income taxes refund (paid)		0			0
+ (-) Other inflows (outflows) of cash		0			0
Net cash flows from (used in) financing activities		(90,695,250,000	)		(110,180,693,000	)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes		(8,017,637,000	)		816,059,000
Effect of exchange rate changes on cash and cash equivalents [abstract]
Effect of exchange rate changes on cash and cash equivalents		(2,983,425,000	)		(1,228,673,000	)
Net increase (decrease) in cash and cash equivalents		(11,001,062,000	)		(412,614,000	)
Cash and cash equivalents at beginning of period		38,679,891,000			35,917,907,000
Cash and cash equivalents at end of period		27,678,829,000			35,505,293,000

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.
LTE	Long-term evolution is a 4th generation standard for wireless communication of high-speed data for mobile phones and data terminals.
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.
SMS	Short Message Service.
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 equipment revenue.
Wireless penetration	The ratio of total wireless subscribers in any given country divided by the total population in that country.

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 20, 2022

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