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 February 2023

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, Miguel Hidalgo

11529 Mexico City, Mexico

(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):  ☐

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 fourth quarter of 2022.

• We added 1.5 million postpaid clients and 1.8 million prepaids, organically, in the fourth quarter for a total of 3.3 million subscribers. Brazil, Austria and Colombia were the main contributors with postpaid gains of 599 thousand, 322 thousand and 160 thousand, respectively, whereas Mexico was the main contributor of prepaid net additions with 975 thousand followed by Colombia and Central America with 546 thousand and 247 thousand, respectively.

• We effected a clean-up of 4.1 million subscribers in Brazil— 2.6 million postpaid and 1.5 million prepaid—pursuant to the acquisition of Oi mobile clients in May 2022 since they were not generating traffic.

• On the fixed-line platform we added 110 thousand broadband accesses and 97 thousand Pay TV clients and lost 234 thousand voice access lines.

• Fourth quarter revenue totaled 216.0 billion pesos. It was down 2.4% year-on-year in Mexican peso terms—as the Mexican peso appreciated vis-à-vis all our main operating currencies other than the Brazilian real—with service revenue declining 1.4%. At constant exchange rates service revenue increased 6.0% year-on-year, with Eastern Europe leading the way at 9.6%, followed by Brazil at 9.0% and Mexico at 5.7%.

• Mobile and fixed-line service revenue were up 9.8% and 0.2%, respectively, at constant exchange rates. The expansion of mobile service revenue was driven by postpaid revenue growth that accelerated to 10.5%.

• EBITDA came in at 84.8 billion pesos, 4.4% less than a year before in nominal peso terms. At constant exchange rates, EBITDA was up 2.3% year-on-year. Adjusted for extraordinary items, EBITDA rose 5.0%.

• Our operating profit totaled 44.7 billion pesos in the quarter, down 7.2% in Mexican peso terms. After comprehensive financing costs of 8.3 billion pesos it resulted in a net profit of 23.1 billion pesos from our continued operations, 5.3% more than in the year-earlier quarter, and of 13.7 billion pesos once the effect of the deconsolidation of Claro Chile is taken into account.

• Our cash flow plus 7.0 billion pesos in net borrowings enabled us to cover capital expenditures of 159.8 billion pesos, shareholder distributions of 50.2 billion pesos and labor obligations of 24.4 billion pesos.

• At the end of December our net debt—excluding leases—stood at 388.5 billion pesos. It was equivalent to a net debt-to-EBITDA ratio of 1.30x.

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We will host our conference call to discuss 4Q22 financial and operating results on February 15th at 9:00 am Mexico City time. To access the call please log on to www.americamovil.com/investors

América Móvil Fundamentals
	4Q22		4Q21
Earnings per Share (Mex$)(1)		0.22		2.03
Earning per ADR (US$)(2)		0.22		1.96
EBITDA per Share (Mex$)(3)		1.33		1.36
EBITDA per ADR (US$)		1.35		1.31
Net Income (millions of Mex$)(4)		13,710		131,986
Average Shares Outstanding (billion)		63.5		65.0
Shares Outstanding End of Period (billion)		63.6		65.5

⁽¹⁾ Net Income / Average Shares Outstanding

⁽²⁾ 20 shares per ADR

⁽³⁾ EBITDA / Average Shares Outstanding

⁽⁴⁾ Reflects the impact of the deconsolidation of Claro Chile. Most of it has to do with the depreciation of the Chilean currency vs the Mexican peso over the years.

América Móvil’s Subsidiaries as of December 2022
Country	Equity	Brand	Business Participation
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	50.0%
	Telmex	wireline	50.0%
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	18.3%
Austria	Telekom Austria	wireless/wireline	51.0%

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Note

Upon their sale in November 2021 and July 2022 TracFone Wireless and Claro Panama became discontinued operations. Claro Chile did so as well upon the establishment of the 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 fourth quarter of 2022 are presented in accordance with IAS29 reflecting 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 ensure consistency.

Relevant Events

S&P upgraded Telekom Austria’s credit rating to A-

In October, Standard and Poor’s upgraded Telekom Austria’s credit rating to A-. This is the best credit rating in Telekom Austria’s history. The improved rating reflects our commitment to maintain a strong operating performance and prudent financial policies.

We issued the largest ever Sustainable Bond in the Mexican market

On November 29th we placed a four-tranche bond issue in the Mexican market raising 24 billion pesos. It included a 10-year note in the amount of 14.7 billion pesos with a 9.52% coupon; an inflation protected bond with a 15 year maturity and a 4.84% coupon for a total amount of 7.1 billion pesos; and two floating-rate peso notes with two and three year maturities for a total amount of 2.3 billion pesos. The first two bonds issued are committed to the development of environmental and high impact social projects.

AMX shareholders approved stock conversion into a single series

On December 20th América Móvil’s shareholders approved among others: 1) the conversion of all its series “A”, “AA” and “L” shares into common shares of a single new series “B” with full voting rights with a 1:1 conversion ratio; and 2) the cancellation of AMX treasury shares acquired as part of the company’s buyback program. The adopted resolutions are a big step to improve governance and enable a better business environment.

Telmex reached an agreement with its labor union

On January 16th Telmex reached a constructive agreement with its labor union on retirement conditions (pensions) applicable for newly hired personnel. This agreement reduces the maximum retirement benefit from 80% to 60% of the employee’s last salary, as integrated with certain benefits. Employees with 35 years of service and at least 65 years old will have the retirement benefits under the new agreement which, also, allows Telmex’s active and retired employees to convert part of their pension liability into shares representing Telmex’s capital stock.

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Access Lines

3.3M wireless net adds

We added 1.5 million postpaid clients and 1.8 million prepaids, organically, in the fourth quarter for a total of 3.3 million subscribers. Brazil, Austria and Colombia were the main contributors of postpaid gains at 599 thousand, 322 thousand and 160 thousand, respectively, whereas Mexico was the main contributor of prepaid net additions with 975 thousand followed by Colombia and Central America with 546 thousand and 247 thousand, respectively.

We effected a clean-up of 4.1 million subscribers in Brazil— 2.6 million postpaid and 1.5 million prepaid—pursuant to the acquisition of Oi mobile clients in May 2022 since they were not generating traffic.

110k new broadband accesses

On the fixed-line segment we obtained 110 thousand broadband accesses and 97 thousand Pay TV clients, with voice access lines coming down by 234 thousand for a net reduction of 27 thousand RGUs in the quarter.

At the end of the year we had 300 million wireless subscribers, 114 million were postpaid and 73 million RGUs, including 31 million broadband accesses, 13 million Pay TV clients and 29 million land-lines.

Wireless subscribers as of December 2022
Total(1) (Thousands)
Country	Dec ’22		Sep ’22		Var.%		Dec ’21		Var.%
Argentina, Paraguay and Uruguay		26,915		26,789		0.5%		26,348		2.2%
Austria		8,973		8,651		3.7%		7,844		14.4%
Brazil		83,260		86,629		-3.9%		70,541		18.0%
Central America		16,673		16,381		1.8%		15,753		5.8%
Caribbean		7,345		7,276		1.0%		7,020		4.6%
Colombia		37,550		36,844		1.9%		35,062		7.1%
Eastern Europe		14,924		15,125		-1.3%		14,922		0.0%
Ecuador		9,028		8,900		1.4%		8,666		4.2%
Mexico		82,851		81,808		1.3%		80,539		2.9%
Peru		12,338		12,256		0.7%		12,108		1.9%
Total Wireless Lines		299,856		300,658		-0.3%		278,803		7.6%

⁽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.

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Fixed-Line and Other Accesses (RGUs) as of December 2022
Total(1) (Thousands)
Country	Dec ’22		Sep ’22		Var.%		Dec ’21		Var.%
Argentina, Paraguay and Uruguay		2,865		2,676		7.1%		2,020		41.9%
Austria		2,946		2,971		-0.8%		3,051		-3.4%
Brazil(2)		24,136		24,302		-0.7%		25,291		-4.6%
Central America		4,624		4,579		1.0%		4,376		5.7%
Caribbean		2,774		2,695		2.9%		2,608		6.4%
Colombia		9,248		9,184		0.7%		8,876		4.2%
Eastern Europe		3,258		3,183		2.3%		3,026		7.7%
Ecuador		614		607		1.3%		535		14.9%
Mexico		20,824		21,121		-1.4%		21,408		-2.7%
Peru		1,994		1,993		0.1%		1,909		4.4%
Total RGUs		73,283		73,310		0.0%		73,100		0.3%

⁽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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América Móvil Consolidated Results

At the beginning of the fourth quarter uncertainty about inflation—and how much bringing it down would require in terms of additional interest rate hikes by the FED—drove long-term interest rates in the U.S. to their peak for the year in October, at 4.24%. They remained very volatile the rest of the quarter, ending the year at 3.87%. Nonetheless, the impression they had peaked ended up helping several currencies in the region, particularly the Mexican peso and Chilean peso, which appreciated sharply vis-à-vis the dollar, with the Colombian peso stopping and then reverting slightly its decline of several months. Throughout the period the Brazilian real remained quite volatile and with no apparent trend, as the country was in the midst of a disputed election.

Our fourth quarter revenue totaled 216.0 billion pesos, down 2.4% year-on-year in Mexican peso terms, with service revenue declining 1.4%. The yearly reduction in revenue in Mexican peso terms stems from the appreciation of the Mexican peso vis-à-vis practically all our main operating currencies: 5.5% vs. the U.S. dollar, 30.8% vs. the Colombian peso, 16.4% vs. the Chilean peso and 18.1% vs. the euro. In the period, the Mexican peso remained practically flat, -0.6%, vs. the Brazilian real.

At constant exchange rates—correcting for the currency movements mentioned above—service revenue actually increased 6.0%, the same pace seen in the preceding quarter, with both mobile and fixed-line service revenue expanding at a similar pace than in the prior quarter: mobile revenue growth was robust at 9.8%, whereas fixed-line service revenue growth was barely positive, 0.2%.

On the mobile platform postpaid service revenue growth, 10.5%, stayed strong but that from prepaid declined slightly, from 9.5% in the third quarter to 8.6% in the fourth. As for the fixed-line platform, both corporate networks and broadband revenue decelerated from the third quarter, from 12.4% to 10.5% that of corporate networks and from 3.6% to 2.9%, that of broadband. However, Pay TV revenue continued their recovery, declining only 3.5% in the fourth quarter, its smallest decline in at least five quarters.

Our Eastern European operations led the way in terms of service revenue growth, 12.0%, which becomes 9.6% at constant exchange rates. Brazil and Mexico followed with 9.0% and 5.7%, respectively.

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EBITDA declined 4.4% year-on-year to 84.8 billion pesos in the fourth quarter. Adjusting for extraordinary items it reached 79.6 billion pesos and was down 2.3% in Mexican peso terms. Our adjusted EBITDA rose 5.0% at constant exchange rates with the margin remaining flat at 37.8% in relation to the year-earlier quarter. The adjustments include extraordinary revenue from the sale of towers by Telmex, both in the fourth quarter of 2021 and 2022, and by Peru in the current quarter; the reduction in medical costs and in property taxes levied on telecom infrastructure in Puerto Rico; and the elimination of a provision in Ecuador associated with revised terms for certain payment obligations.

Our operating profits totaled 44.7 billion pesos in the quarter, down 7.2% in Mexican peso terms, as depreciation and amortization charges dropped 1.2%. These incorporate the reduction in tower-related depreciation charges pursuant to the tower spin-off and the increased rights-of-use depreciation charges arising from the new tower-lease obligations.

After a comprehensive financing cost of 8.3 billion pesos in the quarter, 57.5% smalller than the one observed a year before, we ended up with a net profit of 23.1 billion pesos from our continued operations, 5.3% greater than that observed a year before, and of 13.7 billion pesos once the effect of the deconsolidation of Claro Chile is taken into account.

Our net debt including leases totaled 522.6 billion pesos at the end of 2022 having increased 16.3 billion pesos over the year. Excluding leases, our net debt totaled 388.5 billion pesos; it was down 19.2 billion pesos relative to the year-end figure in 2021. The net debt figure reflects the deconsolidation of 47.2 billion pesos of debt obligations that were transferred to Sitios Latam upon its spin-off in August 2022 and of 6.0 billion of debt at the Claro Chile level following the joint venture with Liberty Latin America last October.

Our cash flow and net borrowings of 7.0 billion pesos allowed us to cover capital expenditures in the amount of 159.8 billion pesos; net shareholder distributions of 50.2 billion pesos; labor obligations totaling 24.4 billion pesos; and net payments arising from the acquisition/sale of ownership interests totaling 11.7 billion pesos.

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América Móvil’s Income Statement Proforma(1) Millions of Mexican pesos
	4Q22		4Q21		Var.%		Jan-Dec 22		Jan-Dec 21		Var.%
Service Revenue		172,695		175,108		-1.4%		698,716		679,627		2.8%
Equipment Revenue		35,381		37,153		-4.8%		131,516		136,387		-3.6%
Total Revenue(2)		215,962		221,357		-2.4%		844,501		830,687		1.7%
Cost of Service		53,107		53,104		0.0%		215,510		210,896		2.2%
Cost of Equipment		31,818		32,930		-3.4%		115,022		117,614		-2.2%
Selling, General & Administrative Expenses		44,431		45,594		-2.5%		179,454		173,580		3.4%
Others		1,851		1,031		79.6%		5,010		4,738		5.7%
Total Costs and Expenses		131,207		132,659		-1.1%		514,997		506,828		1.6%
EBITDA		84,755		88,698		-4.4%		329,505		323,859		1.7%
% of Total Revenue		39.2%		40.1%				39.0%		39.0%
Adjusted EBITDA		79,598		81,491		-2.3%		324,348		316,653		2.4%
% of Total Revenue		37.8%		38.1%				38.7%		38.5%
Depreciation & Amortization		40,069		40,550		-1.2%		158,634		156,303		1.5%
EBIT		44,685		48,148		-7.2%		170,871		167,556		2.0%
% of Total Revenue		20.7%		21.8%				20.2%		20.2%
Net Interest Expenses		8,607		7,781		10.6%		36,435		31,904		14.2%
Other Financial Expenses		-4,585		1,792		-355.9%		19,116		14,244		34.2%
Foreign Exchange Loss		4,279		9,977		-57.1%		-20,762		16,715		-224.2%
Comprehensive Financing Cost (Income)		8,301		19,550		-57.5%		34,790		62,863		-44.7%
Income & Deferred Taxes		10,387		6,753		53.8%		46,044		32,717		40.7%
Net Income before Minority Interest and Equity Participation in Results of Affiliates		25,998		21,845		19.0%		90,037		71,976		25.1%
Equity Participation in Results of Affiliates		-1,859		-5		n.m.		-1,811		114		n.m.
Minority Interest		-1,038		102		n.m.		-5,347		-3,903		-37.0%
Net Income from Continued Operations		23,100		21,943		5.3%		82,878		68,187		21.5%
Net Income from Discontinued Operations(3)		-9,391		110,044		-108.5%		-6,719		124,236		-105.4%
Net Income		13,710		131,986		-89.6%		76,159		192,423		-60.4%

⁽¹⁾Adjusted to reflect the sale of TracFone and Panama, the spin-off of Sitios Latinoamérica and the deconsolidation of Claro Chile on account of the new joint venture.

⁽²⁾Total Revenue include Other Revenue.

⁽³⁾Reflects the impact of the deconsolidation of Claro Chile. Most of it has to do with the depreciation of the Chilean currency vs the Mexican peso over the years. n.m. Not meaningful.

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Balance Sheet - América Móvil Consolidated(1) Millions of Mexican Pesos
	Dec ‘22		Dec ‘21		Var.%			Dec ‘22		Dec ‘21		Var.%
Current Assets							Current Liabilities
Cash, Marketable Securities & Other Short Term Investments		122,129		156,383		-21.9%	Short Term Debt(2)		102,024		145,223		-29.7%
Accounts Receivable		202,026		212,977		-5.1%	Lease-Related Debt		32,902		27,632		19.1%
Other Current Assets		12,853		10,611		21.1%	Accounts Payable		231,288		260,879		-11.3%
Inventories		23,995		24,185		-0.8%	Other Current Liabilities		122,661		100,279		22.3%
		361,003		404,157		-10.7%			488,876		534,013		-8.5%
Non Current Assets							Non Current Liabilities
Plant & Equipment, gross		1,320,969		1,408,997		-6.2%	Long Term Debt		408,565		418,807		-2.4%
-Depreciation		663,743		677,801		-2.1%	Lease-Related Debt		101,247		71,022		42.6%
Plant & Equipment, net		657,226		731,197		-10.1%	Other Liabilities		181,581		211,766		-14.3%
Rights of Use		121,874		90,372		34.9%			691,393		701,595		-1.5%
Investments in Affiliates and Other Investments		30,957		9,947		211.2%
Deferred Assets
Goodwill (Net)		141,121		136,578		3.3%
Intangible Assets		128,893		143,226		-10.0%	Shareholder’s Equity		437,829		454,042		-3.6%
Deferred Assets		177,024		174,173		1.6%
Total Assets		1,618,098		1,689,650		-4.2%	Total Liabilities and Equity		1,618,098		1,689,650		-4.2%

⁽¹⁾The spin-off of Sitios Latinoamérica gave rise to 37.0 billion pesos in new lease-related debt and a similar amount in rights of use of tower assets.

⁽²⁾Includes current portion of Long Term Debt.

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Mexico

1.0M mobile net adds

We added just over one million wireless subscribers in the quarter including 68 thousand postpaids—compared to only 30 thousand in the first nine months to September—but disconnected 297 fixed-line RGUs including 96 thousand broadband accesses. Our wireless base reached 82.9 million in December, up 2.9% year-on-year, whereas fixed-line RGUs totaled 20.8 million, down 2.7% year-on-year.

Service revenue +5.7% YoY

Revenue increased 1.3% over the year to 83.8 billion pesos. This figure includes almost three billion pesos from the sale of towers by Telmex in the quarter. A year before Telmex had obtained seven billion pesos from a similar sale. Service revenue expanded 5.7% year-on-year, with mobile service revenue increasing 9.1%. Prepaid revenue grew slightly faster than postpaid, 9.7% vs. 8.4%, respectively. On the fixed-line platform service revenue declined 1.3% in spite of broadband revenue increasing 4.1% and revenue from corporate networks being flat relative to the prior year.

Adjusted EBITDA +9.4% YoY

Adjusting for the tower sales, EBITDA for the period came in at 32.6 billion pesos. It was 9.4% higher than that of the year-earlier quarter as a result of operational efficiencies and solid mobile revenue growth. The adjusted margin for the period, 40.2%, climbed 0.8 percentage points year-on-year.

By December we reached 100 cities with 5G services

By the end of December our 5G footprint covered 100 cities. We will continue with the 5G roll-out to enhance our customer experience.

Telmex reached an agreement with its labor union

Telmex reached a constructive agreement with its labor union to modify retirement conditions for newly hired personnel. The new agreement allows for Telmex active and retired employees to convert part of their pension rights into Telmex shares.

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INCOME STATEMENT - Mexico Millions of MxP
	4Q22		4Q21		Var.%		Jan-Dec 22		Jan-Dec 21		Var.%
Total Revenue(1)		83,786		82,741		1.3%		309,204		303,415		1.9%
Total Service Revenue		61,061		57,781		5.7%		236,884		224,444		5.5%
Total Equipment Revenue		18,337		17,063		7.5%		63,811		68,213		-6.5%
Wireless Revenue		60,342		55,491		8.7%		225,359		215,943		4.4%
Service Revenue		42,142		38,618		9.1%		162,007		148,285		9.3%
Equipment Revenue		18,200		16,873		7.9%		63,352		67,657		-6.4%
Fixed Line Revenue		19,056		19,354		-1.5%		75,336		76,715		-1.8%
Service Revenue		18,919		19,163		-1.3%		74,877		76,159		-1.7%
Equipment Revenue		137		191		-28.2%		459		556		-17.5%
EBITDA		35,212		36,787		-4.3%		127,745		124,956		2.2%
% total revenue		42.0%		44.5%				41.3%		41.2%
Adjusted EBITDA		32,647		29,844		9.4%		125,179		118,013		6.1%
% total revenue		40.2%		39.4%				40.8%		39.8%
EBIT		27,023		28,766		-6.1%		95,565		93,754		1.9%
% total revenue		32.3%		34.8%				30.9%		30.9%

⁽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.

Mexico Operating Data
	4Q22		4Q21		Var.%
Wireless Subscribers (thousands)		82,851		80,539		2.9%
Postpaid		14,650		14,553		0.7%
Prepaid		68,201		65,986		3.4%
ARPU (MxP)		171		163		5.0%
Churn (%)		3.2%		3.4%		(0.2)
Revenue Generating Units (RGUs)(1)		20,824		21,408		-2.7%
Fixed Lines		10,799		11,371		-5.0%
Broadband		10,025		10,037		-0.1%

⁽¹⁾Fixed Line and Broadband.

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Brazil

599k postpaid net adds

In the fourth quarter we added 599 thousand postpaid subscribers and 157 thousand prepaid clients for a total of 756 thousand net subscriber gains. On the fixed-line segment we added 26 thousand broadband accesses—after losing 34 thousand in the third quarter—but disconnected 132 thousand fixed voice lines and 60 thousand Pay TV units.

83M wireless subscribers and 24M RGUs

We ended December with 83.3 million wireless subscribers and 24.1 million fixed-line RGUs. The wireless subscriber figure reflects a clean-up of 4.1 million subscribers pursuant to the acquisition of Oi mobile clients that were not generating traffic. After the clean-up we had net disconnections of 3.4 million wireless subscribers: 2.0 million postpaids and 1.4 million prepaids.

Service revenue +9.0% YoY on the back of mobile services

Revenue for the quarter reached 11.2 billion reais, 9.7% more than a year before as service revenue expanded 9.0% to 10.6 billion reais. Mobile service-revenue growth accelerated to a pace of 22.7% on the back of postpaid revenue that quickened from 19.9% in the third quarter to 21.8% in the fourth one. Prepaid revenue growth—at 26.3% still higher than that of postpaid—decelerated from the 32.3% pace observed the prior quarter.

Broadband revenue +5.1% YoY

As for fixed-line service revenue, it was off 3.5%—compared to 3.1% in the prior quarter—as a result of the contraction of voice and Pay TV revenue, 22.6% and 9.4%, respectively. Corporate networks revenue increased 22% and broadband revenue 5.1%. The latter represents a slight improvement in relation to prior quarters as we have been growing our share of high-speed broadband clients and making progress to retain our broadband base.

EBITDA +8.5% YoY

EBITDA was up 8.5% year-on-year to 4.6 billion reais. It was equivalent to 41.1% of revenues.

For several quarters in a row Claro has been ranked the fastest mobile network in Brazil. We continue to lead in net gains of value clients and in mobile number portability overall. Claro covers 43% of the 5G clients in the Brazilian market.

We have also continued rolling out fiber-to-the-home to improve quality and speed of our broadband service which has been recognized by Ookla for its reliability and stability.

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    INCOME STATEMENT - Brazil Millions of BrL

	4Q22		4Q21		Var.%		Jan-Dec 22		Jan-Dec 21		Var.%
Total Revenue(1)		11,155		10,169		9.7%		42,498		39,531		7.5%
Total Service Revenue		10,616		9,737		9.0%		40,886		38,176		7.1%
Wireless Revenue		6,208		5,037		23.3%		22,695		19,041		19.2%
Service Revenue		5,699		4,644		22.7%		21,181		17,797		19.0%
Equipment Revenue		509		393		29.6%		1,514		1,245		21.6%
Fixed Line Revenue		4,916		5,094		-3.5%		19,705		20,383		-3.3%
EBITDA		4,579		4,220		8.5%		17,235		15,991		7.8%
% total revenue		41.1%		41.5%				40.6%		40.5%
EBIT		1,647		1,644		0.2%		6,218		5,763		7.9%
% total revenue		14.8%		16.2%				14.6%		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
	4Q22	4Q21	Var.%
Wireless Subscribers (thousands)	83,260	70,541	18.0%
Postpaid	46,954	41,400	13.4%
Prepaid	36,306	29,141	24.6%
ARPU (BrL)	22	22	-0.1%
Churn (%)	4.3%	3.1%	1.2
Revenue Generating Units (RGUs)(1)	24,136	25,291	-4.6%

⁽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

706k mobile net adds

In the fourth quarter we added 706 thousand wireless clients—160 thousand of them postpaid—and 63 thousand fixed-line RGUs to end the year with 37.6 million wireless subscribers and 9.2 million RGUs.

Mobile service revenue +4.7% YoY

Our revenue declined 3.0% year-on-year to 3.7 trillion Colombian pesos dragged down by a 15.5% decline in equipment revenue that was not compensated by the 1.4% growth in service revenue. On the mobile front, service-revenue growth accelerated from 3.0% in the prior quarter to 4.7% in the current period on the back of a 6.5% increase in postpaid revenue, in spite of strong commercial activity.

Strong competition in the broadband segment

Fixed-line service-revenue fell 3.6% as a result of strong competition in the broadband segment, with broadband revenue declining 12.9%. Corporate networks revenue had a strong performance, expanding 12.8%, and Pay TV revenue growth picked-up from the prior quarter to 2.1%.

Devaluation of the Colombian peso and inflation affected EBITDA

EBITDA was down 3.7% as a result of higher costs that were affected by either the devaluation of the Colombian peso vis-à-vis the dollar and/or the mounting inflation. Additionally, competition has intensified in both the mobile and the fixed segment pushing ARPUs down. We continue to focus on cost controlls and efficiency gains and managed to come up with a margin equivalent to 43.4% of revenues.

    INCOME STATEMENT - Colombia Billions of COP

	4Q22		4Q21		Var.%		Jan-Dec 22		Jan-Dec 21		Var.%
Total Revenue(1)		3,742		3,857		-3.0%		14,857		14,628		1.6%
Total Service Revenue		2,896		2,858		1.4%		11,428		11,245		1.6%
Wireless Revenue		2,574		2,639		-2.5%		10,108		9,820		2.9%
Service Revenue		1,781		1,700		4.7%		6,893		6,727		2.5%
Equipment Revenue		793		939		-15.5%		3,215		3,093		3.9%
Fixed Line Revenue		1,139		1,186		-3.9%		4,640		4,631		0.2%
EBITDA		1,623		1,686		-3.7%		6,358		6,323		0.6%
% total revenue		43.4%		43.7%				42.8%		43.2%
EBIT		890		1,042		-14.5%		3,660		3,814		-4.0%
% total revenue		23.8%		27.0%				24.6%		26.1%

⁽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
	4Q22	4Q21	Var.%
Wireless Subscribers (thousands)(1)	37,550	35,062	7.1%
Postpaid	9,695	8,749	10.8%
Prepaid	27,855	26,313	5.9%
ARPU (COP)	16,072	16,432	-2.2%
Churn (%)	3.6%	4.4%	(0.7)
Revenue Generating Units (RGUs)(2)	9,248	8,876	4.2%

⁽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.

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Peru

115k postpaid net adds

Net additions for the quarter came in at 82 thousand wireless subscribers, after 115 thousand postpaid net adds and 34 thousand prepaid disconnections. At the end of December we had 12.3 million wireless subscribers; our postpaid base rose 10.3% annually and our prepaid base declined 4.3%. On the fixed-line segment, we ended the year just shy of two million RGUs including 285 thousand Pay TV units and 968 thousand broadband accesses, up 14.2% and 3.7%, respectively.

Mobile & fixed-line service revenue +5.8% and 2.8%, respectively

Total revenue, 1.8 billion soles, increased 5.8% from the year-earlier quarter. This figure includes 142 million soles from the sale of 500 towers to Sitios Latinoamérica. Service revenue increased 5.0% with wireless service-revenue expanding 5.8% driven by 10.0% postpaid revenue growth. Prepaid revenue fell 6.0% as a result of migration to the contract segment driven by attractive promotions and to certain recharging issues. On the fixed-line platform service revenue increased 2.8% annually as Pay TV revenue rose 9.6% and broadband revenue 4.3%. Corporate networks posted revenue growth of 5.8% accelerating its pace from prior quarters.

Adjusted EBITDA +5.3% YoY

Fourth quarter EBITDA came in at 638 million soles, up 19.6% year-on-year, for an EBITDA margin of 36.1%. Adjusting for the tower sale, EBITDA increased 5.3% organically and the margin increased 2.6 percentage points from the prior year at 34.6%.

    INCOME STATEMENT - Peru Millions of Soles

	4Q22		4Q21		Var.%		Jan-Dec 22		Jan-Dec 21		Var.%
Total Revenue(1)		1,766		1,669		5.8%		6,546		6,172		6.1%
Total Service Revenue		1,211		1,154		5.0%		4,693		4,425		6.1%
Wireless Revenue		1,306		1,358		-3.8%		5,185		4,993		3.8%
Service Revenue		911		861		5.8%		3,515		3,284		7.0%
Equipment Revenue		395		496		-20.5%		1,670		1,709		-2.3%
Fixed Line Revenue		300		292		2.8%		1,178		1,141		3.2%
EBITDA		638		534		19.6%		2,240		2,235		0.2%
% total revenue		36.1%		32.0%				34.2%		36.2%
Adjusted EBITDA		562		534		5.3%		2,163		2,235		-3.2%
% total revenue		34.6%		32.0%				33.8%		36.2%
EBIT		329		216		52.5%		1,040		1,044		-0.4%
% total revenue		18.6%		12.9%				15.9%		16.9%

⁽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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Peru Operating Data
	4Q22	4Q21	Var.%
Wireless Subscribers (thousands)	12,338	12,108	1.9%
Postpaid	5,636	5,108	10.3%
Prepaid	6,702	7,001	-4.3%
ARPU (Sol)	25	24	3.0%
Churn (%)	4.4%	4.1%	0.3
Revenue Generating Units (RGUs)(1)	1,994	1,909	4.4%

⁽¹⁾Fixed Line, Broadband and Television.

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Ecuador

127k wireless net adds

Our wireless subscriber base topped nine million in December after net gains of 127 thousand subs, including 35 thousand postpaid clients. We added eight thousand fixed-line RGUs to reach 614 thousand by year-end, 14.9% more than a year before.

Service revenue +3.0% YoY

At 284 million dollars, revenue for the quarter came in 9.7% above the prior year’s, reflecting among others, income resulting from the freeing-up of reserves associated with certain payment obligations. Service revenue increased 3.0%, its best showing in at least five quarters; a year before it was down 5.4%. Mobile service revenue expanded 2.9%—compared to 1.6% in the prior quarter—on the back of postpaid revenue that climbed 6.7%. On the fixed-line platform, service revenue increased 3.3% as broadband revenue growth was practically flat year-on-year after rising 8.9% a year before. Corporate networks revenue shot up 18.8%.

Adjusted EBITDA +0.7% YoY

EBITDA increased 8.2% from the year-earlier quarter to 132 million dollars. This figure reflects the impact of the freeing-up of reserves mentioned above. Correcting for this and other smaller one-time effects EBITDA would have risen 0.7% to 123 million dollars, resulting in a 46.3% adjusted EBITDA margin.

INCOME STATEMENT - Ecuador Millions of Dollars
	4Q22		4Q21		Var.%		Jan-Dec 22		Jan-Dec 21		Var.%
Total Revenue(1)		284		259		9.7%		1,049		1,019		3.0%
Total Service Revenue		232		225		3.0%		906		902		0.5%
Wireless Revenue		239		231		3.6%		922		911		1.2%
Service Revenue		205		199		2.9%		800		799		0.2%
Equipment Revenue		34		31		7.6%		121		112		8.2%
Fixed Line Revenue		27		28		-3.2%		109		106		2.1%
EBITDA		132		122		8.2%		488		465		5.1%
% total revenue		46.6%		47.3%				46.5%		45.6%
Adjusted EBITDA		123		122		0.7%		479		465		3.1%
% total revenue		46.3%		47.3%				46.4%		45.6%
EBIT		75		74		0.3%		286		259		10.6%
% total revenue		26.3%		28.8%				27.3%		25.4%

⁽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.

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Ecuador Operating Data
	4Q22		4Q21		Var.%
Wireless Subscribers (thousands)		9,028		8,666		4.2%
Postpaid		2,204		2,089		5.5%
Prepaid		6,823		6,576		3.8%
ARPU (US$)		8		8		-1.2%
Churn (%)		3.1%		3.3%		(0.2)
Revenue Generating Units (RGUs)(1)		614		535		14.9%

⁽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 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.

100k wireless net adds and 191k fixed-line new RGUs

We added 100 thousand new subscribers in the fourth quarter of which 86 thousand were postpaid. In the fixed-line segment the number of accesses increased by 191 thousand of which 69 thousand were broadband accesses. At the end of the year our wireless subscriber base totaled 23.9 million and our fixed-line RGUs reached 2.5 million clients. Pay TV was the fastest growing segment, more than doubling relative to the prior year; broadband connections increased 44.5%.

Fixed-line service revenue improved vs. the precedent quarter

Revenue of 75 billion Argentinean pesos was down 14.3% in after-inflation terms—15.7% in the case of service revenue—as the inflation rate accelerated towards the end of the year. On the mobile segment, service revenue dropped 17.8% after inflation, compared to a 19.8% decline in the precedent quarter. As for fixed-line revenue, it was off 3.0% after inflation, improving from a 10.2% reduction in the third quarter.

EBITDA margin at 39.3% of revenue

EBITDA of 29.5 billion Argentinean pesos was 14% lower than that of the prior year in after-inflation terms. The EBITDA margin, 39.3%, observed a slight improvement relative to the year-earlier quarter.

INCOME STATEMENT - Argentina Millions of Constant ARS as of December 2022
	4Q22		4Q21		Var.%		Jan-Dec 22		Jan-Dec 21		Var.%
Total Revenue(1)		75,004		87,566		-14.3%		313,319		346,633		-9.6%
Total Service Revenue		58,395		69,243		-15.7%		246,682		279,773		-11.8%
Wireless Revenue		65,165		77,428		-15.8%		275,654		307,799		-10.4%
Service Revenue		48,800		59,355		-17.8%		209,860		241,762		-13.2%
Equipment Revenue		16,365		18,073		-9.5%		65,794		66,038		-0.4%
Fixed Line Revenue		9,595		9,888		-3.0%		36,823		38,012		-3.1%
EBITDA		29,481		34,299		-14.0%		125,796		138,291		-9.0%
% total revenue		39.3%		39.2%				40.1%		39.9%
EBIT		22,524		27,637		-18.5%		100,556		109,993		-8.6%
% total revenue		30.0%		31.6%				32.1%		31.7%

⁽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.

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Argentina Operating Data
	4Q22		4Q21		Var.%
Wireless Subscribers (thousands)		23,875		23,406		2.0%
Postpaid		9,159		8,788		4.2%
Prepaid		14,716		14,619		0.7%
ARPU (ARS)		728		887		-17.9%
Churn (%)		1.3%		1.3%		0.0
Revenue Generating Units (RGUs)(1)		2,547		1,694		50.3%

⁽¹⁾Fixed Line, Broadband and Television.

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Central America

292k wireless net adds

Our operations in Central America reported net wireless subscriber gains of 292 thousand in the fourth quarter, including 45 thousand postpaid subscribers. On the fixed-line platform we gained 34 thousand Pay TV units and 30 thousand broadband accesses. At the end of the year we had 16.7 million wireless subscribers and 4.6 million fixed-line RGUs; both increased 5.7% year-on-year.

Mobile service revenue +5.7% YoY

Revenue rose 3.8% year-on-year to 598 million dollars. Service-revenue was up 3.6%, in line with the third quarter, with mobile service revenue increasing 5.7%. Prepaid revenue grew somewhat faster than that of postpaids, at 6.8% vs. 4.1%. Fixed-line service revenue was flat as compared to the prior year following three consecutive quarters of slightly negative growth rates. We have seen improving trends for Pay TV and broadband revenue, up 6.0% and 1.0%, respectively, that have compensated for the decline in voice revenue as a result of our fiber-to-the-home rollout that we will carry on in 2023.

EBITDA margin at 42.5% of revenue

EBITDA for the period totaled 254 million dollars, down 2.7% mostly as result of higher subscriber acquisition costs. The EBITDA margin stood at 42.5% of revenue, having come down by 2.8 percentage points from the year-earlier quarter.

INCOME STATEMENT(1) - Central America Millions of Dollars
	4Q22		4Q21		Var.%		Jan-Dec 22		Jan-Dec 21		Var.%
Total Revenue(2)		598		576		3.8%		2,338		2,237	4.5%
Total Service Revenue		515		497		3.6%		2,014		1,950	3.3%
Wireless Revenue		407		384		6.0%		1,581		1,481	6.8%
Service Revenue		336		318		5.7%		1,305		1,236	5.6%
Equipment Revenue		71		66		7.6%		276		245	12.8%
Fixed Line Revenue		186		186		0.0%		737		738	-0.2%
EBITDA		254		261		-2.7%		1,012		991	2.1%
% total revenue		42.5%		45.3%				43.3%		44.3%
EBIT		110		148		-25.8%		518		540	-4.1%
% total revenue		18.4%		25.7%				22.1%		24.1%

⁽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 Operating Data(1)
	4Q22		4Q21		Var.%
Wireless Subscribers (thousands)		16,673		15,753		5.8%
Postpaid		2,378		2,208		7.7%
Prepaid		14,296		13,545		5.5%
ARPU (US$)		7		7		-2.6%
Churn (%)		5.9%		5.7%		0.3
Revenue Generating Units (RGUs)(2)		4,624		4,376		5.7%

⁽¹⁾The table reflects the sale of Panama.

⁽²⁾Fixed Line, Broadband and Television.

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Caribbean

66k wireless net adds in Dominican Republic

Our subscriber base in Dominicana ended December with 6.3 million wireless subscribers, 5.4% more than a year before, following the addition of 66 thousand new subs in the quarter; 20 thousand of them postpaid. Our fixed-line RGUs totaled 2.1 million after adding 28 thousand new broadband accesses, 21 thousand new land-lines and 14 thousand Pay TV subscriptions in the quarter.

Service revenue +3.5% YoY in Dominican Republic

Revenue in Dominicana just shy of 15 billion Dominican pesos, was up 4.5% year-on-year, with service revenue expanding 3.5%, reflecting similar growth rates in the mobile and fixed-line segments.

EBITDA +2.9% YoY in Dominican Republic

EBITDA for the period came in at 7.6 billion Dominican pesos, having increased 2.9% relative to the year before. The EBITDA margin stood at 51.2%, down 0.8 percentage points in the period.

RGUs base +11.2% YoY in Puerto Rico

In Puerto Rico we ended the year with one million wireless subscribers and 685 thousand fixed-line RGUs. While the mobile subscriber base remained practically unchanged, on the fixed-line segment RGUs grew 11.2% after adding 15 thousand RGUs in the period.

Fixed-line service revenue +15.3% YoY in Puerto Rico

Fourth quarter revenue totaled 312 million dollars, a figure that includes 86 million dollars in extraordinary revenue arising from the freeing-up of reserves associated with property taxes on telecom infrastructure as this were revised downwards. Service revenue expanded 4.0% year-on-year, helped along by fixed-line service revenue that accelerated to 15.3%, more than offsetting the -2.8% decline in mobile service revenue. EBITDA of 153 million dollars reflects both the extraordinary revenue associated with the freeing of reserves mentioned above and a 42 million dollar reduction in the cost of our medical insurance plan on account of revised terms and conditions. Adjusting for these and other smaller items, EBITDA totaled 28 million dollars, down 24.1% from the year-earlier quarter.

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INCOME STATEMENT - Caribbean Millions of Dollars
	4Q22		4Q21		Var.%		Jan-Dec 22		Jan-Dec 21		Var.%
Total Revenue(1)		584		484		20.8%		2,033		1,865	9.0%
Total Service Revenue		436		412		6.0%		1,716		1,615	6.3%
Wireless Revenue		316		311		1.8%		1,241		1,186	4.6%
Service Revenue		255		248		3.0%		1,011		952	6.2%
Equipment Revenue		61		63		-2.6%		229		234	-2.0%
Fixed Line Revenue		184		167		10.2%		715		672	6.4%
EBITDA		293		180		62.6%		835		680	22.7%
% total revenue		50.1%		37.2%				41.1%		36.5%
Adjusted EBITDA		167		167		0.0%		709		668	6.2%
% total revenue		33.4%		35.5%				36.4%		36.0%
EBIT		204		96		112.4%		485		344	41.0%
% total revenue		34.9%		19.8%				23.9%		18.5%

⁽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.

Caribbean Operating Data
	4Q22		4Q21		Var.%
Wireless Subscribers (thousands)		7,345		7,020		4.6%
Postpaid		2,177		2,134		2.0%
Prepaid		5,168		4,886		5.8%
ARPU (US$)		12		12		-2.5%
Churn (%)		3.2%		3.1%		0.1
Revenue Generating Units (RGUs)(1)		2,774		2,608		6.4%

⁽¹⁾Fixed Line, Broadband and Television.

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Austria

323k wireless net adds

We added 323 thousand postpaid clients in the fourth quarter, to end the year with nearly nine million wireless subscribers, 14.4% more than at the close of 2021. On the fixed-line platform we had net disconnections in the period. We have redesigned our fixed-broadband strategy following the broadband market deregulation that became effective last October, which will enable A1 to be more competitive in this segment.

Mobile service revenue +4.9% YoY

Our revenue was up 4.2% year-on-year to 710 million euros, as service revenue increased 3.2% driven by 4.9% mobile service revenue growth. The solid performance in the mobile sector reflects successful upselling to higher value plans and good traction in connectivity solutions, with revenue from corporate networks jumping 7.3% year-on-year.

EBITDA +4.6% YoY

EBITDA before restructuring charges increased 5.1%—4.6% reported—to 268 million euros as service revenue growth helped offset higher operating expenses and negative equipment margin. The reported EBITDA margin was 20 basis points higher than a year before, at 34.5% of revenues.

INCOME STATEMENT - Austria Millions of Euros
	4Q22		4Q21		Var.%		Jan-Dec 22		Jan-Dec 21		Var.%
Total Revenue(1)		710		682		4.2%		2,752		2,678		2.8%
Total Service Revenue		615		596		3.2%		2,414		2,369		1.9%
Wireless Revenue		326		310		5.1%		1,248		1,197		4.2%
Service Revenue		263		251		4.9%		1,032		980		5.3%
Equipment Revenue		63		59		5.9%		217		218		-0.5%
Fixed Line Revenue		372		358		3.9%		1,452		1,430		1.6%
EBITDA		245		234		4.6%		1,040		991		4.9%
% total revenue		34.5%		34.3%				37.8%		37.0%
Adjusted EBITDA(2)		268		255		5.1%		1,113		1,075		3.5%
% total revenue		37.8%		37.4%				40.4%		40.2%
EBIT		112		95		18.5%		495		441		12.2%
% total revenue		15.8%		13.9%				18.0%		16.5%

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

⁽¹⁾Total revenue include other income.

⁽²⁾Does not include restructuring charges in Austria nor one-off effects.

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Austria Operating Data
	4Q22		4Q21		Var.%
Wireless Subscribers (thousands)(1)		8,973		7,844		14.4%
Postpaid		7,890		6,818		15.7%
Prepaid		1,083		1,026		5.5%
ARPU (Euros)		10		11		-7.7%
Churn (%)		0.7%		0.7%		0.0
Revenue Generating Units (RGUs)(2)		2,946		3,051		-3.4%

⁽¹⁾Includes A1 Digital subscribers.

⁽²⁾Fixed Line, Broadband and Television.

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Other European

75k new RGUs

With net disconnections of 201 thousand subscribers in the period—all of them prepaid—we ended the year with 14.9 million clients. On the fixed-line platform we added 75 thousand RGUs of which 40 thousand were broadband accesses and 36 thousand Pay TV clients to finish December with 3.3 million fixed RGUs, 7.7% more than a year before.

Fixed-line service revenue +16.4% at constant Fx

Revenue rose 12.0% year-on-year—9.6% at constant currency terms—to 633 million euros. On the mobile segment, service revenue was up 7.2% at constant exchange rates with postpaid revenue growth of 7.9%. Fixed-line service revenue jumped 16.4% at constant exchange rates given the solid performance of corporate networks whose revenue shot-up 49.2%. Broadband and Pay TV revenue were up 13.3% and 11.4%, respectively.

EBITDA +10.7% at constant Fx

EBITDA came in at 203 million euros in the quarter. It increased 10.7% at constant exchange rates from the year before as a result of strong top line growth that more than compensated for increased energy costs and personnel expenses. The EBITDA margin stood at 32.0% of revenue, 60 basis points higher than in the last quarter of 2021.

INCOME STATEMENT - Other European Millions of Euros
	4Q22		4Q21		Var.%		Jan-Dec 22		Jan-Dec 21		Var.%
Total Revenue(1)		633		566		12.0%		2,286		2,102		8.8%
Total Service Revenue		470		420		12.0%		1,778		1,616		10.0%
Wireless Revenue		467		429		8.9%		1,732		1,627		6.5%
Service Revenue		341		311		9.8%		1,315		1,210		8.7%
Equipment Revenue		126		118		6.7%		417		417		0.0%
Fixed Line Revenue		155		127		22.3%		511		440		16.1%
EBITDA		203		178		14.1%		849		763		11.3%
% total revenue		32.0%		31.4%				37.2%		36.3%
EBIT		90		78		15.5%		432		366		17.9%
% total revenue		14.2%		13.7%				18.9%		17.4%

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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Other European Operating Data
	4Q22		4Q21		Var.%
Wireless Subscribers (thousands)		14,924		14,922		0.0%
Postpaid		12,186		12,073		0.9%
Prepaid		2,739		2,849		-3.9%
ARPU (Euros)		7		7		7.6%
Churn (%)		2.1%		2.1%		0.0
Revenue Generating Units (RGUs)(1)		3,258		3,026		7.7%

⁽¹⁾Fixed Line, Broadband and Television.

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Exchange Rates Local Currency Units per MxP
	4Q22		4Q21		Var.%		Jan-Dec 22		Jan-Dec 21		Var.%
Euro
End of Period		0.0526		0.0427		23.1%		0.0508		0.0427		19.1%
Average		0.0518		0.0421		23.0%		0.0524		0.0417		25.7%
U.S.
End of Period		0.0498		0.0486		2.6%		0.0498		0.0486		2.6%
Average		0.0507		0.0482		5.3%		0.0497		0.0493		0.7%
Brazilean Real
End of Period		0.2561		0.2711		-5.6%		0.2561		0.2711		-5.6%
Average		0.2666		0.2689		-0.9%		0.2565		0.2660		-3.6%
Argentinean Peso
End of Period		6.6558		4.9904		33.4%		6.6558		4.9904		33.4%
Average		8.2286		4.8418		69.9%		6.4865		4.6886		38.3%
Colombian Peso
End of Period		213.4863		193.4151		10.4%		213.4863		193.4151		10.4%
Average		243.9310		186.9190		30.5%		211.2658		184.5235		14.5%
Guatemalan Quetzal
End of Period		0.3865		0.3750		3.1%		0.3865		0.3750		3.1%
Average		0.3982		0.3725		6.9%		0.3850		0.3815		0.9%
Peruvian Sol
End of Period		0.1914		0.1942		-1.4%		0.1914		0.1942		-1.4%
Average		0.1979		0.1943		1.9%		0.1907		0.1916		-0.4%
Dominican Republic Peso
End of Period		2.7476		2.8008		-1.9%		2.7476		2.8008		-1.9%
Average		2.7829		2.7422		1.5%		2.7426		2.8253		-2.9%

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Exchange Rates Local Currency Units per USD
	4Q22		4Q21		Var.%		Jan-Dec 22		Jan-Dec 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		20.0688		20.5835		-2.5%		20.0688		20.5835		-2.5%
Average		19.7122		20.7511		-5.0%		20.1283		20.2769		-0.7%
Brazilean Real
End of Period		5.1386		5.5805		-7.9%		5.1386		5.5805		-7.9%
Average		5.2546		5.5794		-5.8%		5.1625		5.3933		-4.3%
Argentinean Peso
End of Period		133.5742		102.7200		30.0%		133.5742		102.7200		30.0%
Average		162.2034		100.4730		61.4%		130.5631		95.0701		37.3%
Colombian Peso
End of Period		4,284.4033		3,981.1600		7.6%		4,284.4033		3,981.1600		7.6%
Average		4,808.4075		3,878.7751		24.0%		4,252.4255		3,741.5653		13.7%
Guatemalan Quetzal
End of Period		7.7558		7.7191		0.5%		7.7558		7.7191		0.5%
Average		7.8491		7.7294		1.5%		7.7485		7.7358		0.2%
Peruvian Sol
End of Period		3.8420		3.9980		-3.9%		3.8420		3.9980		-3.9%
Average		3.9017		4.0314		-3.2%		3.8390		3.8844		-1.2%
Dominican Republic Peso
End of Period		55.1408		57.6500		-4.4%		55.1408		57.6500		-4.4%
Average		54.8567		56.9039		-3.6%		55.2039		57.2886		-3.6%

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Appendix

Financial Debt of América Móvil(1)  Millions
	Dec -22			Dec -21
Peso - denominated debt (MxP)		97,134			85,737
Bonds(2)		53,554			51,657
Banks and others		43,580			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)		7,045			8,497
Bonds		6,099			7,697
Commercial Paper		125			0
Banks and others		821			800
Sterling - denominated Debt (GBP)		2,200			2,200
Bonds		2,200			2,200
Reais - denominated Debt (BRL)		10,691			5,500
Bonds		9,050			5,500
Banks and others		1,641			0
Debt denominated in other currencies (MxP)		10,220	(3)		23,384	(4)
Bonds		5,889			6,102
Banks and others		4,331			17,282
Total Debt (MxP)		510,589			564,030
Cash, Marketable Securities and Short Term Financial Investments (MxP)(5)		129,110			163,278
Net Debt (MxP)		381,479			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.

⁽⁴⁾Includes Peruvian soles and Chilean pesos

⁽⁵⁾Includes fixed income securities with nominal tenor of more than one year.

Summary Cash Flow  Millions of Mexican pesos
	Jan-Dec 22			Jan-Dec 21
Funds from Operations		190,720			285,661
Capital Expenditures		159,798			170,336
Free Cash Flow(1)		30,922			115,324
Dividends and Share Buybacks		50,234			61,947
Sale of Ownership Interest(2)		(35,097	)		(120,161	)
Net Debt Amortizations(2)		(6,973	)		128,133
Amortization of Labor Obligations		24,400			26,632
Other		(1,642	)		16,508

⁽¹⁾There are approximately two billion pesos directed to the provisioning to the early retirement plans in Austria that has been substracted from the Free Cash Flow in 2021.

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

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Glossary of Terms

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

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Glossary of Terms

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.

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AMERICA MOVIL, S.A.B. DE C.V.	Consolidated
Ticker:        AMX	Quarter:    4    Year:     2022

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

Concept	Close Current     Quarter 2022-12-31		Close Previous     Exercise 2021-12-31
Statement of financial position [abstract]
Assets [abstract]
Current assets [abstract]
Cash and cash equivalents		33,700,949,000		38,679,891,000
Trade and other current receivables		154,764,228,000		160,271,044,000
Current tax assets, current		46,947,187,000		43,734,164,000
Other current financial assets		91,029,872,000		127,834,008,000
Current inventories		23,995,133,000		24,185,310,000
Current biological assets		0		0
Other current non-financial assets		10,565,422,000		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		361,002,791,000		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		361,002,791,000		404,156,669,000
Non-current assets [abstract]
Trade and other non-current receivables		8,724,497,000		6,928,888,000
Current tax assets, non-current		9,579,524,000		11,792,731,000
Non-current inventories		0		0
Non-current biological assets		0		0
Other non-current financial assets		6,981,149,000		6,894,757,000
Investments accounted for using equity method		0		0
Investments in subsidiaries, joint ventures and associates		23,975,462,000		3,052,481,000
Property, plant and equipment		657,226,210,000		731,196,679,000
Investment property		0		0
Right-of-use assets that do not meet definition of investment property		121,874,096,000		90,372,393,000
Goodwill		141,121,365,000		136,578,194,000
Intangible assets other than goodwill		128,893,422,000		143,225,764,000
Deferred tax assets		128,717,811,000		127,287,934,000
Other non-current non-financial assets		30,002,098,000		28,163,359,000
Total non-current assets		1,257,095,634,000		1,285,493,180,000
Total assets		1,618,098,425,000		1,689,649,849,000
Equity and liabilities [abstract]
Liabilities [abstract]
Current liabilities [abstract]
Trade and other current payables		208,741,913,000		237,206,440,000
Current tax liabilities, current		63,061,711,000		59,525,325,000
Other current financial liabilities		127,354,843,000		155,257,180,000
Current lease liabilities		32,902,237,000		27,632,357,000
Other current non-financial liabilities		0		0
Current provisions [abstract]
Current provisions for employee benefits		17,342,822,000		16,858,343,000
Other current provisions		39,472,509,000		37,533,121,000
Total current provisions		56,815,331,000		54,391,464,000
Total current liabilities other than liabilities included in disposal groups classified as held for sale		488,876,035,000		534,012,766,000
Liabilities included in disposal groups classified as held for sale		0		0
Total current liabilities		488,876,035,000		534,012,766,000
Non-current liabilities [abstract]
Trade and other non-current payables		2,556,103,000		2,698,276,000
Current tax liabilities, non-current		0		0

29 of 87

AMERICA MOVIL, S.A.B. DE C.V.	Consolidated
Ticker:        AMX	Quarter:    4    Year:     2022

Concept	Close Current     Quarter 2022-12-31		Close Previous     Exercise 2021-12-31
Other non-current financial liabilities		408,565,066,000		418,807,430,000
Non-current lease liabilities		101,246,574,000		71,021,868,000
Other non-current non-financial liabilities		0		0
Non-current provisions [abstract]
Non-current provisions for employee benefits		137,923,317,000		142,850,465,000
Other non-current provisions		10,799,997,000		16,752,223,000
Total non-current provisions		148,723,314,000		159,602,688,000
Deferred tax liabilities		30,302,060,000		49,465,095,000
Total non-current liabilities		691,393,117,000		701,595,357,000
Total liabilities		1,180,269,152,000		1,235,608,123,000
Equity [abstract]
Issued capital		95,365,329,000		96,333,432,000
Share premium		0		0
Treasury shares		0		0
Retained earnings		505,483,717,000		447,690,426,000
Other reserves		(227,044,342,000)		(154,388,931,000)
Total equity attributable to owners of parent		373,804,704,000		389,634,927,000
Non-controlling interests		64,024,569,000		64,406,799,000
Total equity		437,829,273,000		454,041,726,000
Total equity and liabilities		1,618,098,425,000		1,689,649,849,000

30 of 87

AMERICA MOVIL, S.A.B. DE C.V.	Consolidated
Ticker:        AMX	Quarter:    4    Year:     2022

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

Concept	Accumulated Current Year 2022-01-01 - 2022- 12-31		Accumulated Previous Year 2021-01-01 - 2021- 12-31		Quarter Current Year 2022-10-01 - 2022- 12-31		Quarter Previous Year 2021-10-01 - 2021- 12-31
Profit or loss [abstract]
Profit (loss) [abstract]
Revenue		844,501,397,000		830,687,452,000		215,962,074,000		221,356,734,000
Cost of sales		489,166,236,000		484,812,994,000		124,994,095,000		126,584,045,000
Gross profit		355,335,161,000		345,874,458,000		90,967,979,000		94,772,689,000
Distribution costs		119,364,093,000		115,016,249,000		29,467,163,000		29,591,765,000
Administrative expenses		60,089,937,000		58,563,496,000		14,964,203,000		16,001,963,000
Other income		0		0		0		0
Other expense		5,010,379,000		4,738,463,000		1,851,183,000		1,030,820,000
Profit (loss) from operating activities		170,870,752,000		167,556,250,000		44,685,430,000		48,148,141,000
Finance income		35,108,669,000		3,834,150,000		6,753,989,000		1,730,075,000
Finance costs		69,898,490,000		66,696,669,000		15,055,073,000		21,280,211,000
Share of profit (loss) of associates and joint ventures accounted for using equity method		(1,811,432,000)		113,918,000		(1,859,447,000)		(4,756,000)
Profit (loss) before tax		134,269,499,000		104,807,649,000		34,524,899,000		28,593,249,000
Tax income (expense)		46,044,089,000		32,717,477,000		10,386,757,000		6,753,050,000
Profit (loss) from continuing operations		88,225,410,000		72,090,172,000		24,138,142,000		21,840,199,000
Profit (loss) from discontinued operations		(6,719,015,000)		124,235,937,000		(9,390,641,000)		110,043,753,000
Profit (loss)		81,506,395,000		196,326,109,000		14,747,501,000		131,883,952,000
Profit (loss), attributable to [abstract]
Profit (loss), attributable to owners of parent		76,159,391,000		192,423,167,000		13,709,686,000		131,986,416,000
Profit (loss), attributable to non-controlling interests		5,347,004,000		3,902,942,000		1,037,815,000		(102,464,000)
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		1.3		1.03		0.36		0.34
Basic earnings (loss) per share from discontinued operations		(0.11)		1.88		(0.15)		1.67
Total basic earnings (loss) per share		1.19		2.91		0.21		2.01
Diluted earnings per share [abstract]
Diluted earnings (loss) per share from continuing operations		1.3		1.03		0.36		0.34
Diluted earnings (loss) per share from discontinued operations		(0.11)		1.88		(0.15)		1.67
Total diluted earnings (loss) per share		1.19		2.91		0.21		2.01

31 of 87

AMERICA MOVIL, S.A.B. DE C.V.	Consolidated
Ticker:        AMX	Quarter:    4    Year:     2022

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

Concept	Accumulated Current Year 2022-01-01 - 2022-12-31		Accumulated Previous Year 2021-01-01 - 2021-12-31		Quarter Current Year 2022-10-01 - 2022-12-31		Quarter Previous Year 2021-10-01 - 2021-12-31
Statement of comprehensive income [abstract]
Profit (loss)		81,506,395,000		196,326,109,000		14,747,501,000		131,883,952,000
Other comprehensive income [abstract]
Components of other comprehensive income that will not be reclassified to profit or loss, net of tax [abstract]
Other comprehensive income, net of tax, gains (losses) from investments in equity instruments		(4,707,276,000)		4,560,869,000		992,116,000		1,210,527,000
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		(4,305,716,000)		11,261,896,000		(4,983,077,000)		11,261,896,000
Other comprehensive income, net of tax, change in fair value of financial liability attributable to change in credit risk of liability		0		0		0		0
Other comprehensive income, net of tax, gains (losses) on hedging instruments that hedge investments in equity instruments		0		0		0		0
Share of other comprehensive income of associates and joint ventures accounted for using equity method that will not be 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		(9,012,992,000)		15,822,765,000		(3,990,961,000)		12,472,423,000
Components of other comprehensive income that will be reclassified to profit or loss, net of tax [abstract]
Exchange differences on translation [abstract]
Gains (losses) on exchange differences on translation, net of tax		(29,921,441,000)		(7,963,310,000)		(956,009,000)		2,692,709,000
Reclassification adjustments on exchange differences on translation, net of tax		0		0		0		0
Other comprehensive income, net of tax, exchange differences on translation		(29,921,441,000)		(7,963,310,000)		(956,009,000)		2,692,709,000
Available-for-sale financial assets [abstract]
Gains (losses) on remeasuring available-for-sale financial assets, net of tax		0		0		0		0
Reclassification adjustments on available-for-sale financial assets, net of tax		0		0		0		0
Other comprehensive income, net of tax, 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 (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

32 of 87

AMERICA MOVIL, S.A.B. DE C.V.	Consolidated
Ticker:        AMX	Quarter:    4    Year:     2022

Concept	Accumulated Current Year 2022-01-01 - 2022-12-31		Accumulated Previous Year 2021-01-01 - 2021-12-31		Quarter Current Year 2022-10-01 - 2022-12-31		Quarter Previous Year 2021-10-01 - 2021-12-31
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 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 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		(29,921,441,000)		(7,963,310,000)		(956,009,000)		2,692,709,000
Total other comprehensive income		(38,934,433,000)		7,859,455,000		(4,946,970,000)		15,165,132,000
Total comprehensive income		42,571,962,000		204,185,564,000		9,800,531,000		147,049,084,000
Comprehensive income attributable to [abstract]
Comprehensive income, attributable to owners of parent		40,959,024,000		202,418,502,000		8,187,593,000		145,282,022,000
Comprehensive income, attributable to non-controlling interests		1,612,938,000		1,767,062,000		1,612,938,000		1,767,062,000

33 of 87

AMERICA MOVIL, S.A.B. DE C.V.	Consolidated
Ticker:        AMX	Quarter:    4    Year:     2022

[520000] Statement of cash flows, indirect method

Concept	Accumulated Current Year     2022-01-01 - 2022-12-31		Accumulated Previous Year     2021-01-01 - 2021-12-31
Statement of cash flows [abstract]
Cash flows from (used in) operating activities [abstract]
Profit (loss)		81,506,395,000		196,326,109,000
Adjustments to reconcile profit (loss) [abstract]
+ Discontinued operations		2,966,101,000		(102,927,221,000)
+ Adjustments for income tax expense		46,044,089,000		32,717,477,000
+ (-) Adjustments for finance costs		21,961,073,000		46,459,657,000
+ Adjustments for depreciation and amortisation expense		158,633,786,000		156,302,992,000
+ Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss		0		0
+ Adjustments for provisions		19,616,965,000		21,819,096,000
+ (-) 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		935,644,000		(6,849,699,000)
		1,811,432,000		(113,918,000)
+ (-) Adjustments for decrease (increase) in inventories		(1,183,883,000)		6,083,461,000
+ (-) Adjustments for decrease (increase) in trade accounts receivable		(8,641,243,000)		8,609,836,000
+ (-) Adjustments for decrease (increase) in other operating receivables		(2,010,504,000)		(9,945,036,000)
+ (-) Adjustments for increase (decrease) in trade accounts payable		(8,675,802,000)		7,447,308,000
+ (-) Adjustments for increase (decrease) in other operating payables		(25,589,692,000)		(39,878,375,000)
+ 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)		205,867,966,000		119,725,578,000
Net cash flows from (used in) operations		287,374,361,000		316,051,687,000
- Dividends paid		0		0
		0		0
- Interest paid		0		0
+ Interest received		2,652,195,000		2,665,854,000
+ (-) Income taxes refund (paid)		62,015,057,000		60,535,903,000
+ (-) Other inflows (outflows) of cash		0		0
Net cash flows from (used in) operating activities		228,011,499,000		258,181,638,000
Cash flows from (used in) investing activities [abstract]
+ Cash flows from losing control of subsidiaries or other businesses		5,791,488,000		75,518,886,000
- Cash flows used in obtaining control of subsidiaries or other businesses		16,395,359,000		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		1,043,954,000		0
+ Other cash receipts from sales of interests in joint ventures		6,329,000		199,158,000
- Other cash payments to acquire interests in joint ventures		0		0
+ Proceeds from sales of property, plant and equipment		1,210,580,000		7,215,177,000
- Purchase of property, plant and equipment		146,192,426,000		140,789,643,000
+ Proceeds from sales of intangible assets		0		0
- Purchase of intangible assets		11,661,530,000		12,202,142,000
+ Proceeds from sales of other long-term assets		0		0
- Purchase of other long-term assets		0		0

34 of 87

AMERICA MOVIL, S.A.B. DE C.V.	Consolidated
Ticker:        AMX	Quarter:    4    Year:     2022

Concept	Accumulated Current Year     2022-01-01 - 2022-12-31		Accumulated Previous Year     2021-01-01 - 2021-12-31
+ 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		5,426,370,000		2,628,600,000
- Interest paid		0		0
+ Interest received		0		0
		0		0
+ (-) Other inflows (outflows) of cash		54,515,883,000		(9,090,980,000)
Net cash flows from (used in) investing activities		(108,342,619,000)		(76,520,944,000)
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		39,596,000		7,720,000
+ Proceeds from issuing shares		0		0
+ Proceeds from issuing other equity instruments		0		0
- Payments to acquire or redeem entity’s shares		26,143,162,000		36,745,743,000
- Payments of other equity instruments		0		0
+ Proceeds from borrowings		188,414,369,000		93,675,127,000
- Repayments of borrowings		192,110,210,000		152,029,408,000
- Payments of finance lease liabilities		0		0
- Payments of lease liabilities		33,794,343,000		30,544,750,000
+ Proceeds from government grants		0		0
- Dividends paid		29,534,053,000		27,829,345,000
- Interest paid		26,882,181,000		23,884,410,000
+ (-) Income taxes refund (paid)		0		0
+ (-) Other inflows (outflows) of cash		0		0
Net cash flows from (used in) financing activities		(120,089,176,000)		(177,366,249,000)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes		(420,296,000)		4,294,445,000
Effect of exchange rate changes on cash and cash equivalents [abstract]
Effect of exchange rate changes on cash and cash equivalents		(4,558,646,000)		(1,532,461,000)
Net increase (decrease) in cash and cash equivalents		(4,978,942,000)		2,761,984,000
Cash and cash equivalents at beginning of period		38,679,891,000		35,917,907,000
Cash and cash equivalents at end of period		33,700,949,000		38,679,891,000

35 of 87

SIGNATURE

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

Date: February 16, 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