Cover Page
Cover Page | 9 Months Ended |
Sep. 30, 2023 | |
Document Information [Line Items] | |
Document Type | 6-K |
Amendment Flag | false |
Document Period End Date | Sep. 30, 2023 |
Document Fiscal Year Focus | 2023 |
Document Fiscal Period Focus | Q3 |
Entity Registrant Name | AMERICA MOVIL SAB DE CV/ |
Entity Central Index Key | 0001129137 |
Current Fiscal Year End Date | --12-31 |
Interim Condensed Consolidated
Interim Condensed Consolidated Statements of Financial Position - MXN ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Current assets: | ||
Cash and cash equivalents | $ 28,269,862 | $ 33,700,949 |
Equity investments at fair value through other comprehensive income (OCI) and other short-term investments | 74,517,951 | 88,428,111 |
Accounts receivable: | ||
Subscribers, distributors, recoverable taxes, contract assets and other, net | 217,091,976 | 199,424,202 |
Related parties | 1,395,450 | 2,287,213 |
Derivative financial instruments | 1,779,953 | 2,602,680 |
Inventories, net | 20,564,752 | 23,995,133 |
Other current assets, net | 15,624,093 | 10,565,422 |
Total current assets | 359,244,037 | 361,003,710 |
Non-current assets: | ||
Property, plant and equipment, net | 633,588,243 | 657,226,210 |
Intangibles, net | 120,066,266 | 128,893,422 |
Goodwill | 146,593,836 | 141,121,365 |
Investments in associated companies | 16,010,740 | 23,975,462 |
Deferred income taxes | 133,470,022 | 128,717,811 |
Accounts receivable, subscriber, distributors and contract assets, net | 8,637,383 | 8,724,497 |
Other assets, net | 40,010,171 | 39,581,622 |
Debt instruments at fair value through other comprehensive income (OCI) | 14,510,542 | 6,981,149 |
Right-of-use assets | 120,010,835 | 121,874,096 |
Total assets | 1,592,142,075 | 1,618,099,344 |
Current liabilities: | ||
Short-term debt and current portion of long-term debt | 152,921,592 | 102,024,414 |
Short-term liability related to right-of-use of assets | 26,444,015 | 32,902,237 |
Accounts payable | 169,397,530 | 174,472,769 |
Accrued liabilities | 60,424,727 | 56,815,331 |
Income tax | 27,212,889 | 29,174,066 |
Other taxes payable | 39,926,691 | 33,887,645 |
Derivative financial instruments | 24,499,284 | 25,331,346 |
Related parties | 6,037,132 | 7,224,218 |
Deferred revenues | 26,801,103 | 27,044,928 |
Total current liabilities | 533,664,963 | 488,876,954 |
Non-current liabilities: | ||
Long-term debt | 354,122,037 | 408,565,066 |
Long-term liability related to right-of-use of assets | 105,023,825 | 101,246,574 |
Deferred income taxes | 24,684,099 | 30,302,060 |
Deferred revenues | 2,063,337 | 2,556,103 |
Asset retirement obligations | 10,722,604 | 10,799,997 |
Employee benefits | 137,317,089 | 137,923,317 |
Total non-current liabilities | 633,932,991 | 691,393,117 |
Total liabilities | 1,167,597,954 | 1,180,270,071 |
Equity: | ||
Capital stock | 95,363,644 | 95,365,329 |
Retained earnings: | ||
Prior years | 475,671,304 | 429,324,326 |
Profit for the period (year) | 58,048,606 | 76,159,391 |
Total retained earnings | 533,719,910 | 505,483,717 |
Other comprehensive loss items | (261,573,463) | (227,044,342) |
Equity attributable to equity holders of the parent | 367,510,091 | 373,804,704 |
Non-controlling interests | 57,034,030 | 64,024,569 |
Total equity | 424,544,121 | 437,829,273 |
Total liabilities and equity | $ 1,592,142,075 | $ 1,618,099,344 |
Interim Condensed Consolidate_2
Interim Condensed Consolidated Statements of Comprehensive Income - MXN ($) $ in Thousands | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | [1] | |
Operating revenues: | |||
Service revenues | $ 521,859,211 | $ 532,404,944 | |
Sales of equipment | 93,441,043 | 96,134,423 | |
Operating revenues | 615,300,254 | 628,539,367 | |
Operating costs and expenses: | |||
Cost of sales and services | 237,179,459 | 245,607,587 | |
Commercial, administrative and general expenses | 131,042,690 | 135,022,670 | |
Other expenses | 5,775,031 | 3,159,198 | |
Depreciation and amortization | 115,327,084 | 118,564,551 | |
Operating costs and expenses | 489,324,264 | 502,354,006 | |
Operating income | 125,975,990 | 126,185,361 | |
Interest income | 6,644,562 | 3,112,308 | |
Interest expense | (32,294,735) | (30,940,340) | |
Foreign currency exchange gain, net | 15,493,685 | 25,040,727 | |
Valuation of derivatives, interest cost from labor obligations and other financial items, net | (21,312,724) | (23,701,474) | |
Equity interest in net result of associated companies | (3,731,486) | 48,014 | |
Profit before income tax | 90,775,292 | 99,744,596 | |
Income tax | 29,112,504 | 35,657,332 | |
Net profit for the period from continuing operations | 61,662,788 | 64,087,264 | |
Profit after tax for the period from discontinued operations | 0 | 2,671,630 | |
Net profit for the period | 61,662,788 | 66,758,894 | |
Net profit for the period attributable to: | |||
Equity holders of the parent from continuing operations | 58,048,606 | 59,778,075 | |
Equity holders of the parent from discontinued operations | 0 | 2,671,630 | |
Non-controlling interests | 3,614,182 | 4,309,189 | |
Net profit for the period | $ 61,662,788 | $ 66,758,894 | |
Basic earnings per share attributable to equity holders of the parent from continuing operations | $ 0.92 | $ 0.93 | |
Diluted earnings per share attributable to equity holders of the parent from continuing operations | 0.92 | 0.93 | |
Basic earnings per share attributable to equity holders of the parent from discontinuing operations | 0 | 0.04 | |
Diluted earnings per share attributable to equity holders of the parent from discontinuing operations | $ 0 | $ 0.04 | |
Net other comprehensive loss that may be reclassified to profit or loss in subsequent periods: | |||
Effect of translation of foreign entities from continuing operations | $ (27,440,200) | $ (28,965,432) | |
Effect of translation of foreign entities from discontinued operations | 0 | (1,750,472) | |
Items that will not be reclassified to (loss) or profit in subsequent years: | |||
Re-measurement of defined benefit plan, net of deferred taxes | (74,096) | 677,362 | |
Unrealized loss on equity investments at fair value, net of deferred taxes | (3,630,663) | (5,699,392) | |
Total other comprehensive loss items for the period, net of deferred taxes | (31,144,959) | (35,737,934) | |
Total comprehensive income for the period | 30,517,829 | 31,020,960 | |
Comprehensive income for the period attributable to: | |||
Equity holders of the parent from continuing operations | 29,158,213 | 31,390,828 | |
Non-controlling interests | 1,359,616 | (369,868) | |
Total comprehensive income for the period | 30,517,829 | 31,020,960 | |
Comprehensive income for the period: | |||
Net comprehensive income from continuing operations | 30,517,829 | 28,349,330 | |
Net comprehensive income from discontinued operations | 0 | 2,671,630 | |
Total comprehensive income for the period | $ 30,517,829 | $ 31,020,960 | |
[1]Restated for discontinued operations. |
Interim Condensed Consolidate_3
Interim Condensed Consolidated Statements of Changes in Shareholders' Equity - MXN ($) $ in Thousands | Total | Capital stock [member] | Legal reserve [member] | Retained earnings [member] | Unrealized (loss) gain on equity investment at fair value [member] | Re-measurements of defined benefit plans [member] | Cumulative translation adjustment [member] | Revaluation surplus [member] | Total equity attributable to equity holders of the parent [member] | Non- controlling interests [member] | |
Beginning balance at Dec. 31, 2021 | $ 454,041,726 | $ 96,333,432 | $ 358,440 | $ 447,331,985 | $ (6,321,120) | $ (102,507,107) | $ (104,270,295) | $ 58,709,592 | $ 389,634,927 | $ 64,406,799 | |
Net profit for the period | 66,758,894 | [1] | 62,449,705 | 62,449,705 | 4,309,189 | ||||||
Unrealized (loss) gain on equity and debt investments at fair value, net of deferred taxes | (5,699,392) | (5,699,392) | (5,699,392) | ||||||||
Remeasurement of defined benefit plan, net of deferred taxes | 677,362 | [1] | 294,922 | 294,922 | 382,440 | ||||||
Translation effect of foreign entities | (28,965,432) | 281,815 | (22,645,886) | (1,539,864) | (23,903,935) | (5,061,497) | |||||
Discontinued operations | (1,750,472) | (1,750,472) | (1,750,472) | ||||||||
Transfer of revaluation surplus, net of deferred taxes | 1,871,993 | (1,871,993) | |||||||||
Total comprehensive income for the period | 31,020,960 | [1] | 64,321,698 | (5,699,392) | 576,737 | (24,396,358) | (3,411,857) | 31,390,828 | (369,868) | ||
Dividends declared | (29,927,398) | (28,050,128) | (28,050,128) | (1,877,270) | |||||||
Repurchase of shares | (20,910,106) | (4,077) | (20,906,029) | (20,910,106) | |||||||
Recycling of assets revaluation surplus by spin.off, net of deferred taxes | (79,806) | 34,827,458 | (34,827,458) | (79,806) | |||||||
Spin-off effects | (2,582,887) | (1,001,572) | (1,581,315) | (2,582,887) | |||||||
Other acquisitions of non-controlling interests | (6,075) | (3,765) | (3,765) | (2,310) | |||||||
Ending balance at Sep. 30, 2022 | 431,556,414 | 95,327,783 | 358,440 | 495,939,904 | (12,020,512) | (101,930,370) | (128,666,653) | 20,470,277 | 369,478,869 | 62,077,545 | |
Beginning balance at Dec. 31, 2022 | 437,829,273 | 95,365,329 | 358,440 | 505,125,277 | (11,028,396) | (107,106,514) | (128,299,347) | 19,389,915 | 373,804,704 | 64,024,569 | |
Net profit for the period | 61,662,788 | 58,048,606 | 58,048,606 | 3,614,182 | |||||||
Unrealized (loss) gain on equity and debt investments at fair value, net of deferred taxes | (3,630,663) | (3,630,663) | (3,630,663) | ||||||||
Remeasurement of defined benefit plan, net of deferred taxes | (74,096) | (41,494) | (41,494) | (32,602) | |||||||
Translation effect of foreign entities | (27,440,200) | 859,720 | (25,278,653) | (799,303) | (25,218,236) | (2,221,964) | |||||
Transfer of revaluation surplus, net of deferred taxes | 727,319 | (727,319) | |||||||||
Total comprehensive income for the period | 30,517,829 | 58,775,925 | (3,630,663) | 818,226 | (25,278,653) | (1,526,622) | 29,158,213 | 1,359,616 | |||
Dividends declared | (31,011,337) | (29,048,960) | (29,048,960) | (1,962,377) | |||||||
Repurchase of shares | (7,680,880) | (1,685) | (7,679,195) | (7,680,880) | |||||||
Transfer of revaluation surplus, net of deferred taxes | 4,911,409 | (4,911,409) | |||||||||
Other acquisitions of non-controlling interests | (48,626) | (3,015) | (3,015) | (45,611) | |||||||
Purchase of 6.06% of Telekom Austria AG | (5,062,138) | 1,280,029 | 1,280,029 | (6,342,167) | |||||||
Ending balance at Sep. 30, 2023 | $ 424,544,121 | $ 95,363,644 | $ 358,440 | $ 533,361,470 | $ (14,659,059) | $ (106,288,288) | $ (153,578,000) | $ 12,951,884 | $ 367,510,091 | $ 57,034,030 | |
[1]Restated for discontinued operations. |
Interim Condensed Consolidate_4
Interim Condensed Consolidated Statements of Cash Flows - MXN ($) $ in Thousands | 9 Months Ended | |||
Sep. 30, 2023 | Sep. 30, 2022 | |||
Operating activities | ||||
Profit before income tax from continuing operations | $ 90,775,292 | $ 99,744,595 | [1] | |
Profit before income tax from discontinued operations | 0 | 866,131 | [1] | |
Profit before income tax | 90,775,292 | 100,610,726 | [1] | |
Items not requiring the use of cash: | ||||
Depreciation property, plant and equipment and right-of-use assets | 101,733,065 | 105,187,148 | [1] | |
Amortization of intangible and other assets | 13,594,019 | 13,377,403 | [1] | |
Equity interest in net income of associated companies | 3,731,486 | (48,014) | [1] | |
(Gain) loss on sale of property, plant and equipment | (5,158,441) | 330,915 | [1] | |
Net period cost of labor obligations | 12,906,968 | 11,957,729 | [1] | |
Foreign currency exchange income, net | (20,920,787) | (29,084,682) | [1] | |
Interest income | (6,644,562) | (3,112,308) | [1] | |
Interest expense | 32,294,735 | 30,940,340 | [1] | |
Employee profit sharing | 3,033,542 | 2,539,913 | [1] | |
Loss in valuation of derivative financial instruments, capitalized interest expense and other, net | [2] | 14,541,481 | 25,518,357 | |
Gain on net monetary positions | (12,310,470) | (9,930,277) | [1] | |
Gain on sale of subsidiary | 0 | (3,587,010) | [1] | |
Working capital changes: | ||||
Subscribers, distributors, recoverable taxes, contract assets and other, net | (23,253,767) | (18,738,127) | [1] | |
Prepaid expenses | (7,245,160) | (8,011,614) | [1] | |
Related parties | (295,323) | 2,446,683 | [1] | |
Inventories | 2,393,247 | (9,096,805) | [1] | |
Other assets | (8,899,335) | (3,197,052) | [1] | |
Employee benefits | (11,347,115) | (20,691,624) | [1] | |
Accounts payable and accrued liabilities | 7,785,737 | (6,348,616) | [1] | |
Employee profit sharing paid | (3,315,609) | (2,934,290) | [1] | |
Financial instruments and other | (9,051,611) | (1,444,143) | [1] | |
Deferred revenues | 622,488 | 5,421,692 | [1] | |
Interest received | 3,430,129 | 2,749,169 | [1] | |
Income taxes paid | (40,667,647) | (39,490,141) | [1] | |
Cash flows from discontinued operating activities | 0 | 4,006,804 | [1] | |
Net cash flows provided by continuing operating activities | 137,732,362 | 149,372,176 | [1] | |
Investing activities | ||||
Purchase of property, plant and equipment | (89,136,571) | (101,368,792) | [1] | |
Acquisition of intangibles | (11,067,781) | (1,738,197) | [1] | |
Dividends received | 3,884,554 | 4,682,650 | [1] | |
Proceeds from sale of property, plant and equipment | 6,997,431 | 207,731 | [1] | |
Acquisition of businesses, net of cash acquired | 2,543,240 | (17,368,908) | [1] | |
Sale of shares of associated company and dilution of subsidiaries | 0 | 2,829 | [1] | |
Sale of shares | 0 | 4,282,383 | [1] | |
Proceeds from repayment of related party loan | 0 | 46,769,833 | [1] | |
Investments in associated companies | (459,749) | 0 | [1] | |
Short-term investments | [3] | (4,273,348) | 0 | |
Cash flows from discontinued investing activities | 0 | (2,164,092) | [1] | |
Net cash flows used in investing continuing activities | (91,512,224) | (66,694,563) | [1] | |
Financing activities | ||||
Loans obtained | 215,954,013 | 127,348,086 | [1] | |
Repayment of loans | (183,386,854) | (120,911,994) | [1] | |
Payment of liability related to right-of-use of assets | (29,629,934) | (25,349,068) | [1] | |
Interest paid | (22,015,178) | (21,332,493) | [1] | |
Repurchase of shares | (7,688,327) | (20,920,392) | [1] | |
Dividends paid | (16,274,725) | (29,523,313) | [1] | |
Acquisition of non-controlling interests | (5,110,764) | (6,076) | [1] | |
Net cash flows used in financing activities | (48,151,769) | (90,695,250) | [1] | |
Net decrease in cash and cash equivalents | (1,931,631) | (8,017,637) | [1] | |
Adjustment to cash flows due to exchange rate fluctuations, net | (3,499,456) | (2,983,425) | [1] | |
Cash and cash equivalents at beginning of the period | 33,700,949 | 38,679,891 | [1] | |
Cash and cash equivalents at end of the period | 28,269,862 | 27,678,829 | [1] | |
Non-cash transactions related to: | ||||
Acquisitions of property, plant and equipment in accounts payable at end period | $ 3,937,648 | $ 1,385,988 | [1] | |
[1]Restated for discontinued operations.[2]As of September 30, 2023. Includes Ps. (8,238,393) related to Impairment to accounts receivable — ClaroVTR and Ps. (4,677,782) related to Impairment to investment — ClaroVTR.[3]As of September 30, 2023. Includes Ps. 13,762,695 related to the JV’s principal investment, net of cash applied. |
Interim Condensed Consolidate_5
Interim Condensed Consolidated Statements of Cash Flows (Parenthetical) $ in Thousands | 9 Months Ended | |
Sep. 30, 2023 MXN ($) | ||
Statement [line items] | ||
Payment for Purchase of Short Term Investments | $ 4,273,348 | [1] |
Claro VTR [Member] | ||
Statement [line items] | ||
Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss, trade and other receivables | (8,238,393) | |
Impairment loss recognised in profit or loss, investment property | (4,677,782) | |
JVs principal [Member] | ||
Statement [line items] | ||
Payment for Purchase of Short Term Investments | $ 13,762,695 | |
[1]As of September 30, 2023. Includes Ps. 13,762,695 related to the JV’s principal investment, net of cash applied. |
Description of the Business and
Description of the Business and Relevant Events | 9 Months Ended |
Sep. 30, 2023 | |
Text block [abstract] | |
Description of the Business and Relevant Events | 1. Description of the Business and Relevant Events I. Corporate Information América Móvil, S.A.B. de C.V. and subsidiaries (hereinafter, the “Company”, “América Móvil”, “AMX”, “we”, “us” and “our”) was incorporated under the laws of Mexico on September 25, 2000. As of September 30, 2023, the Company provides telecommunications services • Voice services provided by the Company, both wireless and fixed, mainly include the following: airtime, local, domestic and international long- distance services, and network interconnection services. • Data services include value added, corporate networks, data and Internet services. • Pay TV represents basic services, as well as pay per view and additional programming and advertising services. • AMX provides other related services to advertising in telephone directories, publishing and call center services. • The Company also provides video, audio and other media content that is delivered through the internet directly from the content provider to the end user. In order to provide these services, América Móvil has licenses, permits and concessions (collectively referred to herein as “licenses”) to build, install, operate and exploit public and/or private telecommunications networks and provide miscellaneous telecommunications services (mostly mobile and fixed voice and data services) and to operate frequency bands in the radio-electric spectrum for point-to-point point-to-multipoint Licenses in certain countries require payment to the corresponding government of a share of sales determined as a percentage of revenues from services under concession. The percentage is set as either a fixed rate or, in some cases, based on certain size of the infrastructure in operation. The corporate offices of América Móvil are located in Mexico City, Mexico, at The Company’s unaudited interim condensed consolidated financial statements were approved for their issuance by the Chief Financial Officer on II. Relevant events a. On January 16, 2023, the Company informed that, after extensive dialogue with the Telephone Operators Union of the Mexican Republic, a constructive agreement had been reached regarding retirement conditions (pensions) for newly hired personnel that Teléfonos de México, S.A.B de C.V. (hereinafter, “Telmex”) hires from January 2023. b. On February 3, 2023 and June 30, 2023, as part of its reorganization plan approved in early 2021, the Company completed the sale of 1,388 and 2,980 telecommunications towers, property of its subsidiaries in the Dominican Republic and Peru, respectively, to Sitios Latinoamerica, S.A.B. de C.V. (hereinafter Sitios Latam), for an amount of Ps. 2,419,568 and 3,950,079, respectively. Therefore, a total of 3,480 towers were transferred. c. On February 6, 2023, the Company entered into a definitive agreement with Österreichische Beteiligungs AG (“OBAG”), with respect to their participations in Telekom Austria AG which provides a new term of 10 years and ensures AMX leadership and control over Telekom Austria Group. Also, it provides AMX the right to continue to nominate the majority of the Supervisory Board members and to nominate the Chairman and Chief Executive Officer of the Management Board of the Company with decision making vote over all management decisions. As part of the renewal of the Shareholders Agreement, AMX and OBAG have agreed to formally executed the spin-off spin-off d. On April 27, 2023, the Company’s shareholders approved a repurchase fund of Ps. 20 billion and the payment of an ordinary dividend of Ps. 0.46 (forty six peso cents) per share to be paid in two installments: in July and November. They also agreed to the cancellation of the treasury shares acquired as part of its repurchase program, and to modify the sixth article of our bylaws to reduce the share capital proportionally to the cancellation of the shares. e. On June 9, 2023, the Company closed a 500 million-euro, five-year bullet loan for the new Euro Tele Sites, a tower company to be spun-off spin-off. f. On June 26, 2023, the Company launched the inaugural issue under its new Global Peso Notes program, under which it expects to issue an amount of up to Ps. 130 billion over five years. In its inaugural offering, registered both with the SEC in the U.S. and with the CNBV in Mexico, it placed a long seven-year, Ps. 17 billion, 9.5% sustainable bond—approximately one billion U.S. dollars equivalent—maturing in January 2031. g. On July 24, 2023, the Company through its subsidiary América Móvil, B.V. acquired shares corresponding to 5.55% of the voting rights in Telekom Austria AG from a private investor. As a consequence of the foregoing, the equity interest of the Company increases in the overall shareholding in Telekom Austria AG from 51% to 56.55%. h. On September 22, 2023, the Company completed the spin-off one EuroTeleSites AG share for every four BBB- A- |
Basis of Preparation of the Una
Basis of Preparation of the Unaudited Interim Condensed Consolidated Financial Statements and Summary of Significant Accounting Policies and Practices | 9 Months Ended |
Sep. 30, 2023 | |
Text block [abstract] | |
Basis of Preparation of the Unaudited Interim Condensed Consolidated Financial Statements and Summary of Significant Accounting Policies and Practices | 2. Basis of Preparation of the Unaudited Interim Condensed Consolidated Financial Statements and Summary of Significant Accounting Policies and Practices a) Basis of preparation The accompanying unaudited interim condensed consolidated financial statements as of and for the nine-month period ended September 30, 2023, have been prepared in conformity with International Accounting Standard No. 34, Interim Financial Reporting (“IAS 34”), and using the same accounting policies applied in preparing the Company’s annual consolidated financial statements, except as explained below. The Company has prepared the unaudited interim condensed consolidated financial statements on the basis that it will continue to operate as a going concern. The accompanying interim condensed consolidated statement of financial position as of September 30, 2023, as well as the interim condensed consolidated statements of comprehensive income changes in shareholders’ equity and cash flows for the nine-month periods ended September 30, 2023 and 2022, and their related disclosures included in these notes, are unaudited. These unaudited interim condensed consolidated financial statements have been prepared using the same accounting policies as those used in the preparation of our annual consolidated financial statements as of December 31, 2022, except for the adoption of new standards and interpretations effective as from January 1, 2023 and the income tax expense that is recognized, according to IAS 34, for each interim period based on the best estimate of the weighted average annual income effective tax rate expected for the full financial year. These unaudited interim condensed consolidated financial statements do not include all the information and disclosures required in annual consolidated financial statements and should be read in conjunction with the Company’s audited annual consolidated financial statements as of December 31, 2021 and 2022, and for the three-year period ended December 31, 2022, as included in the Company’s annual report on Form 20-F 20-F”). The preparation of these unaudited interim condensed consolidated financial statements in accordance with IAS 34 requires the use of critical estimates and assumptions that affect the amounts reported for certain assets and liabilities, as well as certain income and expenses. It also requires that management exercise judgment in the application of the Company’s accounting policies. The Mexican peso is the functional currency of the Company’s Mexican operations and the consolidated reporting currency of the Company. i) New standards, interpretations and amendments adopted The accounting policies adopted in the preparation of the unaudited interim condensed consolidated financial statements are consistent with those followed in the preparation of the Company’s annual consolidated financial statements for the year ended December 31, 2022, except for the adoption of new standards effective as of January 1, 2023. The Company has not early adopted any standard, interpretation or amendment that has been issued but is not yet effective. Several amendments apply for the first time in 2023 but do not have an impact on the unaudited interim condensed consolidated financial statements of the Company: Definition of Accounting Estimates - Amendments to IAS 8 The amendments to IAS 8 clarify the distinction between changes in accounting estimates, and changes in accounting policies and the correction of errors. They also clarify how entities use measurement techniques and inputs to develop accounting estimates. The amendments had no impact on the Company’s unaudited interim condensed consolidated financial statements. Disclosure of Accounting Policies - Amendments to IAS 1 and IFRS Practice Statement 2 The amendments to IAS 1 and IFRS Practice Statement 2 Making Materiality Judgements The amendments had no impact on the Company’s unaudited interim condensed consolidated financial statements, but are expected to affect the accounting policy disclosures in the Company’s annual consolidated financial statements. Deferred Tax related to Assets and Liabilities arising from a Single Transaction – Amendments to IAS 12 The amendments to IAS 12 Income Taxes The amendments had no impact on the Company’s unaudited interim condensed consolidated financial statements. b) Discontinued operations a) Claro Panama Disposal In accordance with IFRS 5 Non-current The results of discontinued operations for the period are shown as follows: For the nine-month September 30, 2022 Operative revenue: Revenue services Ps. 1,210,109 Sales of equipment 206,595 1,416,704 Total costs and expenses 1,403,311 Operating profit 13,393 Financial costs (39,538 ) Gain on sale of discontinued operations 3,405,014 Profit before income taxes of discontinued operations 3,378,869 Income taxes — Net profit of the period of discontinued operations Ps. 3,378,869 b) Joint Venture In accordance with IFRS 11 Joint Arrangements As of the date of the accompanying unaudited interim condensed consolidated financial statements, the Company identified impairment indicators due to facts that occurred in 2023 and, the Company recorded an impairment in the value of its investment of As of the date of the accompanying unaudited interim condensed consolidated financial statements, the contribution of CLP$289.3 billion by the Company permitted the refinancing of certain bank debt guaranteed by the Company existing at the formation of the JV. In addition, the Company has purchased convertible notes from ClaroVTR in an aggregate principal amount of Ps. 13,657,485 (including the amounts used for the refinancing of bank debt), convertible into shares of ClaroVTR. The convertible notes are disclosed as “Equity investments at fair value through OCI and other short-term investments.” Additionally, the Company recorded an impairment related to the operations of ClaroVTR totaling Ps. 8,238,393 on September 30, 2023. This amount is presented in Note 11. The results of discontinued operations for the period are shown below: For the nine-month September 30, 2022 Operative revenue: Revenue services Ps. 10,500,088 Sales of equipment 2,626,823 13,126,911 Total costs and expenses 14,954,526 Operating loss (1,827,615 ) Financial costs (685,124 ) Loss before income taxes of discontinued operations (2,512,739 ) Income taxes (1,805,500 ) Net loss of the period of discontinued operations Ps. (707,239) |
Related Parties
Related Parties | 9 Months Ended |
Sep. 30, 2023 | |
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Related Parties | 3. Related Parties a) The following is an analysis of the balances with related parties as of September 30, 2023 and December 31, 2022. All the companies were considered affiliates of América Móvil since the Company or the Company’s principal shareholders are also direct or indirect shareholders in the related parties: 2023 2022 Accounts receivable: Sears Roebuck de México, S.A. de C.V. and Subsidiaries Ps. 219,463 Ps. 260,584 Sitios Latinoamérica, S.A.B. de C.V. 333,600 1,460,897 Sanborns Hermanos, S.A. 73,222 124,157 Patrimonial Inbursa, S.A. 369,658 166,366 Grupo Condumex, S.A. de C.V. and Subsidiaries 27,045 31,857 Telesites, S.A.B. de C.V. and Subsidiaries 100,518 80,677 Claroshop.com, S.A.P.I de C.V. 70,704 31,559 Other 201,240 131,116 Total Ps. 1,395,450 Ps. 2,287,213 Accounts payable: Carso Infraestructura y Construcción, S.A. de C.V. and Subsidiaries Ps. 2,566,413 Ps. 2,836,689 Grupo Condumex, S.A. de C.V. and Subsidiaries 462,891 2,036,371 Sitos Latinoamérica, S.A.B. de C.V. 1,003,640 960,244 Fianzas Guardiana Inbursa, S.A. de C.V. 433,843 437,428 Claroshop.com, S.A.P.I de C.V. 138,549 216,774 Grupo Financiero Inbursa, S.A.B. de C.V. 85,216 102,127 Seguros Inbursa, S.A. de C.V. 334,513 107,389 Cicsa Perú, S.A.C 244,335 256,344 Industrial Afiliada, S.A. de C.V 367,979 103,864 Banco Inbursa, S.A 75,130 20,089 Promotora Inbursa, S.A. de C.V 37,894 15,174 Other 286,729 131,725 Total Ps. 6,037,132 Ps. 7,224,218 For the periods ended September 30, 2023 and 2022, there were no impairment losses on accounts receivable from related parties. b) For the nine-month periods ended September 30, 2023 and 2022, the Company conducted the following transactions with related parties: 2023 2022 C Construction services, purchases of materials, inventories and property, plant and equipment (i) Ps. 7,437,743 Ps. 9,450,787 Insurance premiums, fees paid for administrative and operating services, brokerage services and others (ii) 3,307,409 2,420,466 Associated costs for towers’ sale (iii) 1,584,080 — Rent of towers 804,171 312,726 Other services 1,535,383 1,042,218 Ps. 14,668,786 Ps. 13,226,197 Revenues: Service revenues Ps. 630,643 Ps. 547,805 Sales of towers (iv) 7,662,188 — Sales of equipment 1,118,923 598,162 Ps. 9,411,754 Ps. 1,145,967 i) In 2023, this amount includes Ps. 5,405,210 (Ps. 7,414,728 in 2022) for network construction services and construction materials purchased from subsidiaries of Grupo Carso, S.A.B. de C.V. (Grupo Carso). ii) In 2023, this amount includes Ps. 48,564 (Ps. 79,398 in 2022) for network maintenance services performed by Grupo Carso subsidiaries; Ps. 0 in 2023 (Ps. 16,556 in 2022, respectively) for software services provided by an associate, and Ps. 2,734,425 (Ps. 2,272,336 in 2022) for insurance premiums paid mainly by Radiomóvil Dipsa, S.A. de C.V. (hereinafter, “Telcel”) to Seguros Inbursa S.A. and Fianzas Guardiana Inbursa, S.A., which, in turn, places most of such insurance with reinsurers. iii) In 2023, this amount includes Ps. 789,414 of the cost related to the sales of towers by Compañía Dominicana de Teléfonos, S.A., Ps. 779,231 of the cost related to the sale of towers by América Móvil Perú, S.A.C., and Ps. 15,435 of the cost related to the sale of towers by Telmex. iv) In 2023, this amount includes Ps. 2,427,897 for sales of towers by Compañía Dominicana de Teléfonos, S.A., Ps. 4,282,291 for sales of towers by América Móvil Perú, S.A.C., and Ps. 952,000 for sale of towers by Telmex. |
Property, Plant and Equipment,
Property, Plant and Equipment, Net | 9 Months Ended |
Sep. 30, 2023 | |
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Property, Plant and Equipment, Net | 4. Property, Plant and Equipment, net During the nine-month periods ended September 30, 2023 and 2022, the Company made purchases of plant and equipment (transmission network and other mobile and fixed assets) for an amount represented by net additions of Ps. 89,597,179 and Ps. 99,798,593, respectively. The depreciation of the period is represented by the amount of Ps. 77,925,179 (September 30, 2022: Ps. 87,158,682) and the Company registered a translation effect of foreign entities of Ps. 26,156,932 (September 30, 2022: Ps. 18,829,920). |
Income Taxes
Income Taxes | 9 Months Ended |
Sep. 30, 2023 | |
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Income Taxes | 5. Income Taxes As explained elsewhere in these unaudited interim condensed consolidated financial statements, the Company is a Mexican corporation with numerous consolidated subsidiaries operating in other countries. i) Consolidated income tax matters The composition of income tax expense for the nine-month period ended September 30, 2023 and 2022 is as follows: 2023 2022 Current period income tax Ps. 36,182,909 Ps. 39,557,635 Deferred income tax (7,070,405 ) (3,900,303 ) Total Income tax Ps. 29,112,504 Ps. 35,657,332 Income tax attributable to the discontinued operations: Income tax of foreign discontinued operations. See Note 2 b) Ps. — Ps. — Deferred tax related to items recognized in OCI during the nine-month period ended September 30, 2023 and 2022 is as follows: 2023 2022 Equity investments at fair value Ps. 3,714,808 Ps. 7,400,822 Deferred tax benefit recognized in OCI Ps. 3,714,808 Ps. 7,400,822 In addition, deferred tax of Ps. 2,315,646 and Ps. 16,498,136 was transferred in the first nine months of 2023 and 2022, respectively, from revaluation surplus to retained earnings. This relates to the difference between the actual depreciation and equivalent depreciation based on cost. Income Tax — Our income tax expense for the first nine months of 2023 was Ps. 29,112,504, as compared with Ps. 35,657,332 for the first nine months of 2022 (without taking into account income tax of discontinued operations - ClaroVTR and Claro Panama disposal). a) Decrease in the Effective Rate — The decrease in the effective rate of income taxes (32.07% in the first nine months of 2023, compared to 35.75% in the first nine months of 2022), with respect to the legal rate of 30.0% was mainly due to the inflationary tax effects, and tax benefits in several entities. b) For year-end |
Debt
Debt | 9 Months Ended |
Sep. 30, 2023 | |
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Debt | 6. Debt a) The Company’s short and long-term debt consists of the following: As of September 30, 2023 (Thousands of Mexican pesos) Currency Loan Interest rate Maturity Total Senior Notes U.S. dollars Fixed-rate Senior notes (i) 3.625% 2029 Ps. 17,728,700 Fixed-rate Senior notes (i) 2.875% 2030 17,728,700 Fixed-rate Senior notes (i) 4.700% 2032 13,296,525 Fixed-rate Senior notes (i) 6.375% 2035 17,397,705 Fixed-rate Senior notes (i) 6.125% 2037 6,545,879 Fixed-rate Senior notes (i) 6.125% 2040 35,377,798 Fixed-rate Senior notes (i) 4.375% 2042 20,388,005 Fixed-rate Senior notes (i) 4.375% 2049 22,160,875 Subtotal U.S. dollars Ps. 150,624,187 Mexican pesos Domestic Senior notes (i) TIIE + 0.020% 2024 Ps. 1,356,693 Domestic Senior notes (i) TIIE + 0.050% 2024 1,920,231 Fixed-rate Senior notes (i) 7.125% 2024 11,000,000 Domestic Senior notes (i) 0.000% 2025 5,851,519 Domestic Senior notes (i) TIIE + 0.300% 2025 335,731 Domestic Senior notes (i) TIIE + 0.300% 2025 73,688 Domestic Senior notes (i) 9.350% 2028 11,016,086 Fixed-rate Senior notes (i) 9.500% 2031 17,000,000 Domestic Senior notes (i) 9.520% 2032 14,679,166 Fixed-rate Senior notes (i) 8.460% 2036 7,871,700 Domestic Senior notes (i) 8.360% 2037 4,964,352 Domestic Senior notes (i) 4.840% 2037 7,308,611 Subtotal Mexican pesos Ps. 83,377,777 Euros Commercial Paper (iv) 3.830% 2023 Ps. 937,228 Commercial Paper (iv) 3.830% 2023 749,782 Commercial Paper (iv) 3.820% 2023 937,228 Commercial Paper (iv) 3.830% 2023 468,614 Commercial Paper (iv) 3.830% 2023 468,614 Commercial Paper (iv) 3.850% 2023 880,994 Commercial Paper (iv) 3.840% 2023 468,614 Commercial Paper (iv) 3.850% 2023 468,614 Commercial Paper (iv) 3.870% 2023 656,059 Commercial Paper (iv) 3.870% 2023 937,228 Commercial Paper (iv) 3.950% 2023 937,228 Commercial Paper (iv) 3.970% 2023 656,059 Commercial Paper (iv) 3.960% 2023 281,168 Commercial Paper (iv) 4.030% 2023 937,228 Commercial Paper (iv) 4.030% 2023 468,614 Commercial Paper (iv) 4.140% 2023 187,446 Commercial Paper (iv) 3.950% 2023 937,228 Commercial Paper (iv) 3.950% 2023 656,059 Commercial Paper (iv) 4.110% 2024 281,168 Exchangeable Bond (i) 0.000% 2024 37,856,502 Fixed-rate Senior notes (i) 1.500% 2024 15,932,871 Fixed-rate Senior notes (i) 1.500% 2026 14,058,416 Fixed-rate Senior notes (i) 0.750% 2027 14,167,790 Fixed-rate Senior notes (i) 2.125% 2028 11,179,440 Fixed-rate Senior notes (i) 5.250% 2028 9,372,277 Subtotal euros Ps. 114,882,469 Pound Sterling Fixed-rate Senior notes (i) 5.000% 2026 Ps. 10,813,621 Fixed-rate Senior notes (i) 5.750% 2030 14,057,707 Fixed-rate Senior notes (i) 4.948% 2033 6,488,172 Fixed-rate Senior notes (i) 4.375% 2041 16,220,431 Subtotal Pound Sterling Ps. 47,579,931 Brazilian reais Promissory Notes (i) CDI + 1.000% 2023 Ps. 2,832,287 Debentures (i) CDI + 1.400% 2024 15,046,524 Debentures (i) CDI + 1.370% 2025 5,310,538 Debentures (i) CDI + 1.350% 2026 5,310,538 Subtotal Brazilian reais Ps. 28,499,887 Other currencies Japanese yen Fixed-rate Senior notes (i) 2.950% 2039 Ps. 1,542,968 Subtotal Japanese yen Ps. 1,542,968 Chilean pesos Fixed-rate Senior notes (i) 4.000% 2035 Ps. 3,582,591 Subtotal Chilean pesos Ps. 3,582,591 Subtotal other currencies Ps. 5,125,559 Lines of Credit and others Euros Lines of credit (ii) Euribor 1M + 4.150% - 5.195% 2023 - 2028 Ps. 12,652,574 Mexican pesos Lines of credit (ii) TIIE + 0.300% - TIIE 2023 - 2024 56,280,000 Peruvian Soles Lines of credit (ii) 7.940% - 8.010% 2024 8,021,245 Subtotal Lines of Credit and others Ps. 76,953,819 Total debt Ps. 507,043,629 Less: Short-term debt and current portion of long-term debt Ps. 152,921,592 Long-term debt Ps. 354,122,037 As of December 31, 2022 (Thousands of Mexican pesos) Currency Loan Interest rate Maturity Total Senior Notes U.S. dollars Fixed-rate Senior notes (i) 3.625% 2029 Ps. 19,414,300 Fixed-rate Senior notes (i) 2.875% 2030 19,414,300 Fixed-rate Senior notes (i) 4.700% 2032 14,560,725 Fixed-rate Senior notes (i) 6.375% 2035 19,051,835 Fixed-rate Senior notes (i) 6.125% 2037 7,168,245 Fixed-rate Senior notes (i) 6.125% 2040 38,741,430 Fixed-rate Senior notes (i) 4.375% 2042 22,326,445 Fixed-rate Senior notes (i) 4.375% 2049 24,267,875 Subtotal U.S. dollars Ps. 164,945,155 Mexican pesos Domestic Senior notes (i) TIIE + 0.050% 2024 Ps. 1,920,231 Fixed-rate Senior notes (i) 7.125% 2024 11,000,000 Domestic Senior notes (i) 0.000% 2025 5,683,928 Domestic Senior notes (i) TIIE + 0.300% 2025 335,731 Domestic Senior notes (i) 9.520% 2032 14,679,166 Fixed-rate Senior notes (i) 8.460% 2036 7,871,700 Domestic Senior notes (i) 8.360% 2037 4,964,352 Domestic Senior notes (i) 4.840% 2037 7,099,289 Subtotal Mexican pesos Ps. 53,554,397 Euros Commercial Paper (iv) 2.020% 2023 Ps. 519,575 Commercial Paper (iv) 2.010% 2023 1,039,150 Commercial Paper (iv) 2.270% 2023 519,575 Commercial Paper (iv) 2.150% 2023 519,575 Fixed-rate Senior notes (i) 3.500% 2023 6,234,902 Fixed-rate Senior notes (i) 3.259% 2023 15,587,256 Exchangeable Bond (i) 0.000% 2024 43,581,968 Fixed-rate Senior notes (i) 1.500% 2024 17,665,557 Fixed-rate Senior notes (i) 1.500% 2026 15,587,256 Fixed-rate Senior notes (i) 0.750% 2027 15,708,525 Fixed-rate Senior notes (i) 2.125% 2028 12,395,194 Subtotal euros Ps. 129,358,533 Pound Sterling Fixed-rate Senior notes (i) 5.000% 2026 Ps. 11,729,149 Fixed-rate Senior notes (i) 5.750% 2030 15,247,894 Fixed-rate Senior notes (i) 4.948% 2033 7,037,490 Fixed-rate Senior notes (i) 4.375% 2041 17,593,724 Subtotal Pound Sterling Ps. 51,608,257 Brazilian reais Debentures (i) CDI + 1.350% 2023 Ps. 9,302,135 Promissory Notes (i) CDI + 1.000% 2023 2,976,683 Debentures (i) CDI + 1.400% 2024 15,813,630 Debentures (i) CDI + 1.370% 2025 5,581,281 Subtotal Brazilian reais Ps. 33,673,729 Other currencies Japanese yen Fixed-rate Senior notes (i) 2.950% 2039 Ps. 1,924,847 Subtotal Japanese yen Ps. 1,924,847 Chilean pesos Fixed-rate Senior notes (i) 4.000% 2035 Ps. 3,964,099 Subtotal Chilean pesos Ps. 3,964,099 Subtotal other currencies Ps. 5,888,946 Lines of Credit and others U.S. dollars Lines of credit (ii) 5.050% 2023 Ps. 491,750 Euros Lines of credit (ii) 2.083% - 2.650% 2023 - 2024 17,052,458 Mexican pesos Lines of credit (ii) TIIE + 0.280% - TIIE 2023 43,580,000 Peruvian Soles Lines of credit (ii) 6.00% 2023 4,142,056 Colombian pesos Lines of credit (ii) IBR + 2.25% 2023 165,479 Brazilian reais Lines of credit (ii) 13.32% 2023 6,105,177 Others Lines of credit (ii) 11.00% 2023 23,543 Subtotal Lines of Credit and others Ps. 71,560,463 Total debt Ps. 510,589,480 Less: Short-term debt and current portion of long-term debt Ps. 102,024,414 Long-term debt Ps. 408,565,066 L = LIBOR (London Interbank Offered Rate) TIIE = Mexican Interbank Rate CDI = Brazil Interbank Deposit Rate TAB = Chilean weighted average funding rate IBR = Colombia Reference Bank Indicator Interest rates on the Company’s debt are subject to fluctuations in international and local rates. The Company’s weighted-average cost of borrowed funds as of December 31, 2022 and September 30, 2023 was approximately 5.38% and 5.98%, respectively. Such rates do not include commissions or the reimbursements for Mexican tax withholdings (typically a tax rate of 4.9%) that the Company must pay to international lenders. An analysis of the Company’s short-term debt maturities as of December 31, 2022 and September 30, 2023 is as follows: 2022 2023 Obligations and Senior Notes Ps. 36,698,853 Ps. 85,340,050 Lines of credit 65,325,561 67,581,542 Financial leases — — Subtotal short term debt Ps. 102,024,414 Ps. 152,921,592 Weighted-average interest rate 8.50 % 7.11 % The Company’s long-term debt maturities are as follows: Years Amount 2024 Ps. 12,920,231 2025 11,571,475 2026 30,182,574 2027 and thereafter 299,447,757 Total Ps. 354,122,037 (i) Senior Notes The outstanding Senior Notes as of December 31, 2022 and September 30, 2023 are as follows: Currency* 2022 2023 U.S. dollars Ps. 164,945,155 Ps. 150,624,187 Mexican pesos 53,554,397 83,377,777 Euros 129,358,533 114,882,469 Pound sterling 51,608,257 47,579,931 Brazilian reais 33,673,729 28,499,887 Japanese yens 1,924,847 1,542,968 Chilean pesos 3,964,099 3,582,591 * Thousands of Mexican pesos * Includes secured and unsecured senior notes. On July 21 st (ii) Lines of credit As of December 31, 2022, and September 30, 2023, debt under lines of credit aggregated to Ps. 71,560 million and Ps. 76,954 million, respectively. Telekom Austria closed September 30, 2023 with an aggregated debt of Ps. 12,653 under lines of credit. The Company has two revolving syndicated credit facilities, one for the Euro equivalent of US$1,500 million and the other for US$2,500 million maturing in 2026 and 2024, respectively. As long as the facilities are committed, a commitment fee is paid. As of September 30, 2023, these credit facilities are undrawn. Telekom Austria has an undrawn revolving syndicated credit facility in Euros for €1,000 million that matures in 2026. (iv) Commercial Paper In August 2020, we established a new Euro-Commercial Paper program for a total amount of €2,000 million. As of September 30, 2023, debt under this program aggregated to Ps. 12,315 million. Restrictions A portion of the debt is subject to certain restrictions with respect to maintaining certain financial ratios, as well as restrictions on selling a significant portion of groups of assets, among others. As of September 30, 2023, the Company was in compliance with all these requirements. A portion of the debt is also subject to early maturity or repurchase at the option of the holders in the event of a change in control of the Company, as defined in each instrument. The definition of change in control varies from instrument to instrument; however, no change in control shall be considered to have occurred as long as its current shareholders continue to hold the majority of the Company’s voting shares. Covenants In conformity with the credit agreements, the Company is obliged to comply with certain financial and operating commitments. Such covenants limit in certain cases, the ability of the Company or the guarantor to: pledge assets, carry out certain types of mergers, sell all or substantially all of its assets, and sell control of Telcel. Such covenants do not restrict the ability of AMX’s subsidiaries to pay dividends or other payment distributions to AMX. The more restrictive financial covenants require the Company to maintain a consolidated ratio of debt to EBITDA (defined as operating income plus depreciation and amortization) that does not exceed 4 to 1, and a consolidated ratio of EBITDA to interest paid that is not below 2.5 to 1 (in accordance with the clauses included in the credit agreements). Several of the financing instruments of the Company may be accelerated, at the option of the debt holder in the case that a change in control occurs. As of September 30, 2023, the Company was in compliance with all the covenants. |
Contingencies
Contingencies | 9 Months Ended |
Sep. 30, 2023 | |
Text block [abstract] | |
Contingencies | 7. Contingencies Included in Note 17 on pages F-68 F-70 20-F |
Financial Assets and Liabilitie
Financial Assets and Liabilities | 9 Months Ended |
Sep. 30, 2023 | |
Text block [abstract] | |
Financial Assets and Liabilities | 8. Financial Assets and Liabilities Set out below is the categorization of the financial instruments, excluding cash and cash equivalents, held by the Company as of September 30, 2023 and December 31, 2022: September 30, 2023 Loans and Fair value Fair value Financial Assets: Equity investments at fair value through OCI and other short-term investments Ps. 5,889,985 Ps. — Ps. 68,627,966 Accounts receivable from subscribers, distributors, contractual assets and other 163,010,399 — — Related parties 1,395,450 — — Derivative financial instruments — 1,779,953 — Total current assets 170,295,834 1,779,953 68,627,966 Debt instruments at fair value through OCI — — 14,510,542 Total Ps. 170,295,834 Ps. 1,779,953 Ps. 83,138,508 Financial Liabilities: Debt Ps. 507,043,629 Ps. — Ps. — Liability related to right-of-use 131,467,840 — — Accounts payable 169,397,530 — — Related parties 6,037,132 — — Derivative financial instruments — 24,499,284 — Total Ps. 813,946,131 Ps. 24,499,284 Ps. — December 31, 2022 Loans and Fair value Fair value Financial Assets: Equity investments at fair value through OCI and other short-term investments Ps. — Ps. — Ps. 88,428,111 Accounts receivable from subscribers, distributors, contractual assets and other 161,201,512 — — Related parties 2,287,213 — — Derivative financial instruments — 2,602,680 — Total current assets 163,488,725 2,602,680 88,428,111 Debt instruments at fair value through OCI — — 6,981,149 Total Ps. 163,488,725 Ps. 2,602,680 Ps. 95,409,260 Financial Liabilities: Debt Ps. 510,589,480 Ps. — Ps. — Liability related to right-of-use 134,148,811 — — Accounts payable 174,472,769 — — Related parties 7,224,218 — — Derivative financial instruments — 25,331,346 — Total Ps. 826,435,278 Ps. 25,331,346 Ps. — Fair value hierarchy The Company’s valuation techniques used to determine and disclose the fair value of its financial instruments are based on the following hierarchy: Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities; Level 2: Variables other than quoted prices in Level 1 that are observable for the asset or liability, either directly (prices) or indirectly (derived from prices); and Level 3: Variables used for the asset or liability that are not based on any observable market data (non-observable The fair value for the financial assets (excluding cash and cash equivalents) and financial liabilities shown in the interim condensed consolidated statements of financial position at September 30, 2023 and December 31, 2022 is as follow: Measurement of fair value at September 30, 2023 Level 1 Level 2 Level 3 Total Assets: Equity investments at fair value through OCI and other short-term investments Ps. 68,627,966 Ps. — Ps.5,889,985 Ps.74,517,951 Derivative financial instruments — 1,779,953 — 1,779,953 Revalued of assets — — 27,812,945 27,812,945 Pension plan assets 191,871,841 14,298,222 35,860 206,205,923 Total current assets 260,499,807 16,078,175 33,738,790 310,316,772 Debt instruments at fair value through OCI 5,032,597 9,477,945 — 14,510,542 Total Ps. 265,532,404 Ps. 25,556,120 Ps. 33,738,790 Ps. 324,827,314 Liabilities: Debt Ps. 349,654,882 Ps. 127,557,171 Ps. — Ps. 477,212,053 Liability related to right-of-use 131,467,840 — — 131,467,840 Derivative financial instruments — 24,499,284 — 24,499,284 Total Ps. 481,122,722 Ps. 152,056,455 Ps. — Ps. 633,179,177 Measurement of fair value at December 31, 2022 Level 1 Level 2 Level 3 Total Assets: Equity investments at fair value through OCI and other short-term investments Ps. 88,428,111 Ps. — Ps. — Ps. 88,428,111 Derivative financial instruments — 2,602,680 — 2,602,680 Revalued of assets — — 38,353,719 38,353,719 Pension plan assets 192,829,688 15,657,661 39,270 208,526,619 Total current assets 281,257,799 18,260,341 38,392,989 337,911,129 Debt instruments at fair value through OCI — 6,981,149 — 6,981,149 Total Ps. 281,257,799 Ps. 25,241,490 Ps. 38,392,989 Ps. 344,892,278 Liabilities: Debt Ps. 371,709,395 Ps. 116,848,635 Ps. — Ps. 488,558,030 Liability related to right-of-use 134,148,811 — — 134,148,811 Derivative financial instruments — 25,331,346 — 25,331,346 Total Ps. 505,858,206 Ps. 142,179,981 Ps. — Ps. 648,038,187 Fair value of derivative financial instruments is valued using valuation techniques with market observable inputs. To determine its Level 2 fair value, the Company applies different valuation techniques including forward pricing and swaps models, using present value calculations. The models incorporate various inputs including credit quality of counterparties, foreign exchange spot and forward rates and interest rate curves. Fair value of debt Level 2 has been determined using a model based on present value calculation incorporating credit quality of AMX. The fair value of VTR bonds in AMX B.V. as debt instruments at fair value through OCI, were classified as Level 1 as they are listed on the regulated market. The Company’s investment in equity investments at fair value, specifically the investment in KPN N.V.and Verizon, is valued using the quoted prices (unadjusted) in active markets for identical assets. The net realized loss related to derivative financial instruments for the nine-months period ended September 30, 2023 and 2022 was The fair value of the asset revaluation was calculated using valuation techniques, using observable market data and internal information on transactions carried out with independent third parties. To determine fair value, we use level 2 and 3 information, the Company used inputs such as average rents, contract term and discount rates for discounted flow modeling techniques; in the case of discount rates, we use level 2 data where the information is public and is found in recognized databases, such as country risks, inflation, etc. In the case of average rents and contract terms, we use level 3 data, where the information is mainly internal based on lease contracts entered into with independent third parties. For the nine-months period ended September 30, 2023, and 2022, no transfers were made between Level 1, Level 2 and Level 3 fair value measurement hierarchies. |
Shareholders' Equity
Shareholders' Equity | 9 Months Ended |
Sep. 30, 2023 | |
Text block [abstract] | |
Shareholders' Equity | 9. Shareholders’ Equity a) Pursuant to the Company’s bylaws, the capital stock of the Company consisted as of September 30, 2023 of a minimum fixed portion of Ps. 238,749 (nominal amount), represented by a total of 63,220’260,000 Ley del Mercado de Valores b) As of September 30, 2023 and December 31, 2022, the Company’s capital stock was represented by 62,879’000,000 c) As of September 30, 2023 and December 31, 2022, the Company’s treasury held for placement in accordance with the provisions of the Mexican Securities Market Law ( Ley del Mercado de Valores Disposiciones de carácter general aplicables a las Emisoras de Valores y a otros participantes del Mercado de Valores) (Comisión Nacional Bancaria y de Valores) 341’260,000 d) Company’s “B” shares are registered common and no-par Dividends On April 27, 2023, the Company’s shareholders approved, among other resolutions, the payment of a dividend of Ps. 0.46 (forty-six (twenty three peso cents) each, on July 17 and November 13, 2023 respectively. As of the date of the accompanying unaudited interim condensed consolidated financial statements, the first disbursement was paid. On April 20, 2022, the Company’s shareholders approved, among other resolutions, the payment of a dividend of Ps. 0.44 (forty-four peso cents) per share to each of the shares series of its capital stock “AA”, “A” and “L”. It was approved, that such dividend would be paid in one installment, on August 29, 2022. Legal Reserve According to the General Corporations Law ( Ley General de Sociedades Mercantiles) Restrictions on Certain Transactions Pursuant to the Company’s bylaws any transfer of more than 10% of the full voting shares, effected in one or more transactions by any person or group of persons acting in concert, requires prior approval by our Board of Directors. However, if the Board of Directors denies such approval, the Company’s bylaws require it to designate an alternate transferee, who must pay market price for the shares as quoted on the Bolsa Mexicana de Valores, S.A.B. de C.V. Payment of Dividends Dividends, either in cash or in kind, paid with respect to the “B” shares or “B” share ADSs will generally be subject to a 10% Mexican withholding tax (provided that no Mexican withholding tax will apply to distributions of net taxable profits generated before 2014). Non-resident |
Components of other comprehensi
Components of other comprehensive loss | 9 Months Ended |
Sep. 30, 2023 | |
Text block [abstract] | |
Components of other comprehensive loss | 10. Components of other comprehensive loss The movement on the components of the other comprehensive income for the nine-month periods ended September 30, 2023 and 2022 is as follows: 2023 2022 Controlling interest: Unrealized loss on equity investments at fair value, net of deferred taxes Ps. (3,630,663 ) Ps. (5,699,392 ) Translation effect of foreign entities (25,259,730 ) (23,903,935 ) Translation effect by discontinued operations — (1,750,472 ) Remeasurement of defined benefit plan, net of deferred taxes — 294,922 Non-controlling (2,254,566 ) (4,679,057 ) Other comprehensive loss Ps. (31,144,959 ) Ps. (35,737,934 ) |
Valuation of derivatives, inter
Valuation of derivatives, interest cost from labor obligations and other financial items, net | 9 Months Ended |
Sep. 30, 2023 | |
Text block [abstract] | |
Valuation of derivatives, interest cost from labor obligations and other financial items, net | 11. Valuation of derivatives, interest cost from labor obligations and other financial items, net For the nine-month periods ended September 30, 2023 and 2022, valuation of derivatives and other financial items was as follows: 2023 2022 Loss in valuation of derivatives, net Ps. (14,583,677 ) Ps. (33,682,405 ) Capitalized interest income 998,616 1,149,241 Commissions (854,342 ) (770,028 ) Interest cost of labor obligations (10,373,166 ) (9,287,660 ) Dividend received 3,884,554 5,433,823 Gain on net monetary positions 12,310,469 9,773,317 Contractual earn-out 1,345,103 2,298,533 Impairment to accounts receivable – ClaroVTR (8,238,393 ) — Impairment to investment – ClaroVTR (4,677,782 ) — TracFone contractual compensation (647,013 ) — DISH uncollectible allowance (613,515 ) — Dividend prescription America Movil — 885,877 Other financial cost (i) 136,422 497,828 Total Ps. (21,312,724 ) Ps. (23,701,474 ) (i) Excludes discontinued operations of Chile and Panama (See Note 2b) |
Segments
Segments | 9 Months Ended |
Sep. 30, 2023 | |
Text block [abstract] | |
Segments | 12. Segments América Móvil operates in different countries. As mentioned in Note 1, the Company has operations in 22 countries, including Mexico, Guatemala, Nicaragua, Ecuador, El Salvador, Costa Rica, Brazil, Argentina, Colombia, Honduras, Peru, Paraguay, Uruguay, the Dominican Republic, Puerto Rico, Austria, Croatia, Bulgaria, Belarus, Macedonia, Serbia and Slovenia. The accounting policies for the segments are the same as those described in Note 2. The Chief Executive Officer, who is the Chief Operating Decision Maker (“CODM”), analyzes the financial and operating information by operating segment. All operating segments that (i) represent more than 10% of consolidated revenues, (ii) more than the absolute amount of its reported 10% of profits before income tax or (iii) more than 10% of consolidated assets, are presented separately. The Company presents the following reportable segments for the purposes of its unaudited interim condensed consolidated financial statements: Mexico (includes Telcel and Corporate operations and assets), Telmex (Mexico), Brazil, Southern Cone (includes Argentina, Paraguay and Uruguay), Colombia, Andean (includes Ecuador and Peru), Central America (includes Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica), Caribbean (includes the Dominican Republic and Puerto Rico), and Europe (includes Austria, Bulgaria, Croatia, Belarus, Slovenia, Macedonia and Serbia). The segment Southern Cone comprises mobile communication services in Argentina as well as Paraguay and Uruguay. Beginning in 2018, hyperinflation accounting in accordance with IAS 29 was initially applied to Argentina, which results in the restatement of non-monetary period-end The Company considers that the quantitative and qualitative aspects of any aggregated operating segments (that is, Central America and Caribbean reportable segments) are similar in nature for all periods presented. In evaluating the appropriateness of aggregating operating segments, the key indicators considered included but were not limited to: (i) the similarity of key financial statements measures and trends, (ii) all entities provide telecommunications services, (iii) similarities of customer base and services, (iv) the methods to distribute services are the same, based on telephone plant in both cases, wireless and fixed lines, (v) similarities of governments and regulatory entities that oversee the activities and services of telecom companies, (vi) inflation trends and (vii) currency trends. Mexico Telmex Brazil (1) Southern Cone Colombia Andean (2) Central Caribbean Europe Eliminations Consolidated For the nine-months period ended September 30, 2023 (in Ps.): External revenues 183,326,820 63,385,410 120,643,031 25,589,086 45,573,769 40,784,677 32,815,550 28,317,264 74,864,647 — 615,300,254 Intersegment revenues 7,282,073 12,447,157 3,342,344 37,453 246,029 50,594 73,754 899,205 — (24,378,609 ) — Total revenues 190,608,893 75,832,567 123,985,375 25,626,539 45,819,798 40,835,271 32,889,304 29,216,469 74,864,647 (24,378,609 ) 615,300,254 Depreciation and amortization 19,854,926 10,661,824 32,948,124 7,138,235 9,687,040 7,705,756 7,774,150 5,272,622 15,611,301 (1,326,894 ) 115,327,084 Operating income 62,193,205 9,478,594 18,413,105 836,693 7,317,594 8,582,308 4,826,064 6,309,274 12,140,762 (4,121,609 ) 125,975,990 Interest income 19,632,757 1,090,456 3,318,180 486,484 645,925 1,620,722 466,514 1,147,198 307,387 (22,071,061 ) 6,644,562 Interest expense 20,369,944 5,442,770 19,273,742 1,474,895 2,489,576 1,222,209 933,496 1,229,509 1,432,444 (21,573,850 ) 32,294,735 Income tax 22,039,911 (145,184 ) 654,368 (2,325,567 ) 835,905 3,330,258 1,314,679 1,535,248 2,300,165 (427,279 ) 29,112,504 Equity interest in net income (loss) of associated companies (3,797,172 ) 28,384 24,249 (2,815 ) — — (645 ) — 16,513 — (3,731,486 ) Net profit (loss) attributable to equity holders of the parent 28,946,397 (4,035,727 ) 4,346,285 (143,764 ) 3,180,166 6,476,390 3,191,646 4,365,631 8,535,407 3,186,175 58,048,606 Assets by segment 1,030,522,792 237,903,064 388,792,356 81,116,527 114,451,892 92,960,971 90,174,355 103,282,962 147,490,187 (694,553,031 ) 1,592,142,075 Plant, property and equipment, net 46,104,250 145,781,937 152,498,377 39,540,047 49,660,991 29,654,941 40,204,241 36,373,908 67,032,522 (1,075,916 ) 605,775,298 Revalued of assets — — — — 7,990,278 — — — 19,822,667 — 27,812,945 Goodwill 26,450,092 215,381 29,800,253 201,265 9,134,535 4,620,773 6,290,086 14,186,723 55,694,728 — 146,593,836 Trademarks, net 109,232 95,212 1,221 — — 570 — 199,664 2,326,510 — 2,732,409 Licenses and rights, net 10,751,301 98,630 33,300,938 12,018,537 8,156,321 3,339,628 4,967,979 9,112,039 18,736,696 — 100,482,069 Investment in associated companies 21,458,537 574,192 49,427 (12,872 ) — — 21,139 — 18,463 (6,098,146 ) 16,010,740 Liabilities by segments 651,378,535 230,678,142 322,742,258 46,077,687 58,557,943 40,753,768 34,556,739 49,060,210 92,192,262 (358,399,590 ) 1,167,597,954 For the nine-months period ended September 30, 2022 (in Ps.): External revenues 173,172,999 59,941,741 123,960,091 31,364,649 55,577,412 40,900,522 35,271,222 29,352,658 78,998,073 — 628,539,367 Intersegment revenues 6,693,842 12,078,536 2,517,238 (76,302 ) 284,947 56,598 131,015 1,465,986 — (23,151,860 ) — Total revenues 179,866,841 72,020,277 126,477,329 31,288,347 55,862,359 40,957,120 35,402,237 30,818,644 78,998,073 (23,151,860 ) 628,539,367 Depreciation and amortization 19,630,572 9,815,473 32,355,992 7,573,737 10,016,934 7,973,246 8,217,529 5,357,477 17,256,032 367,559 118,564,551 Operating income 56,239,177 9,804,633 18,586,084 2,662,681 11,232,978 5,750,496 6,760,634 6,657,361 12,976,982 (4,485,665 ) 126,185,361 Interest income 13,450,786 555,563 1,713,993 612,437 504,971 633,511 274,680 406,424 156,211 (15,196,268 ) 3,112,308 Interest expense 18,595,453 2,043,815 17,643,103 2,199,390 1,969,055 702,871 811,202 754,293 979,499 (14,758,341 ) 30,940,340 Income tax 21,757,834 1,730,732 (107,876 ) 1,532,415 2,250,229 1,775,276 1,808,111 2,279,688 2,573,925 56,998 35,657,332 Equity interest in net income (loss) of associated companies 34,540 22,459 10,642 (528 ) — — — — (19,099 ) — 48,014 Net profit (loss) attributable to equity holders of the parent continues operations 53,728,501 (1,981,977 ) 4,110,728 848,256 5,057,140 4,290,589 4,283,706 3,727,793 9,529,969 (23,816,630 ) 59,778,075 Net profit attributable to equity holders of the parent discontinued operations — — — — — — — — — — 2,671,630 Net profit (loss) attributable to equity holders of the parent 53,728,501 (1,981,977 ) 4,110,728 848,256 5,057,140 4,290,589 4,283,706 3,727,793 9,529,969 (23,816,630 ) 62,449,705 Assets by segment 1,050,721,746 208,717,113 401,470,870 133,019,538 105,867,593 83,344,448 85,906,325 102,864,039 149,230,066 (690,838,170 ) 1,630,303,568 Plant, property and equipment, net 49,659,959 128,057,776 156,556,259 62,710,762 46,760,727 32,923,637 38,481,018 42,377,462 68,193,484 (982,743 ) 624,738,341 Revalued of assets — — — — 8,647,734 6,691,780 — 1,592,140 22,726,516 — 39,658,170 Goodwill 23,296,674 215,381 31,068,497 2,295,155 12,742,478 4,680,898 6,323,205 14,186,723 48,521,317 — 143,330,328 Trademarks, net 106,771 126,442 — — — — — 241,987 2,448,987 — 2,924,187 Licenses and rights, net 10,870,850 112,302 37,967,828 15,372,115 9,134,619 4,593,871 3,803,556 10,773,291 20,292,186 — 112,920,618 Investment in associated companies 3,750,083 544,058 86,784 (22,937 ) — — 24,894 — 21,536 (1,262,240 ) 3,142,178 Liabilities by segments 633,866,917 190,971,198 294,931,188 73,669,413 55,487,418 35,050,731 31,004,610 53,039,683 95,495,024 (264,769,028 ) 1,198,747,154 (1) Restated for discontinued operations for the nine-month period ended September 30, 2022 ClaroVTR. (2) Restated for discontinued operations for the nine-month period ended September 30, 2022 (Panama disposal). |
Subsequent Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2023 | |
Text block [abstract] | |
Subsequent Events | 13. Subsequent events a) On November 29, 2023, the Company through its subsidiary América Móvil, B.V. has increased its overall shareholding in Telekom Austria AG to 58% of Telekom Austria’s total outstanding shares, through a series of open market transactions. b) On December 26, 2023, the Company entered into a Transaction Agreement with Liberty Latin America Ltd. (“LLA”); its JV, ClaroVTR and certain affiliates of the Company and LLA, which consists of providing additional capital required by ClaroVTR during the calendar year 2023 and through June 30, 2024 in an aggregate amount not to exceed billion, either collectively in proportion to their respective shareholding percentage interest or individually. Furthermore, the Company or LLA may exercise a catch-up right on or before August 1, 2024, to cure any failure by the Company or LLA to fund its respective portion of such commitment in order to continue ClaroVTR as a 50:50 joint venture. Upon the conversion of the convertible notes of ClaroVTR purchased by the Company and any additional convertible notes purchased by the Company on or prior to August 1, 2024, ClaroVTR may no longer be a joint venture if LLA does not exercise its catch-up right pursuant to the joint venture agreement. |
Basis of Preparation of the U_2
Basis of Preparation of the Unaudited Interim Condensed Consolidated Financial Statements and Summary of Significant Accounting Policies and Practices (Policies) | 9 Months Ended |
Sep. 30, 2023 | |
Text block [abstract] | |
Basis of preparation | a) Basis of preparation The accompanying unaudited interim condensed consolidated financial statements as of and for the nine-month period ended September 30, 2023, have been prepared in conformity with International Accounting Standard No. 34, Interim Financial Reporting (“IAS 34”), and using the same accounting policies applied in preparing the Company’s annual consolidated financial statements, except as explained below. The Company has prepared the unaudited interim condensed consolidated financial statements on the basis that it will continue to operate as a going concern. The accompanying interim condensed consolidated statement of financial position as of September 30, 2023, as well as the interim condensed consolidated statements of comprehensive income changes in shareholders’ equity and cash flows for the nine-month periods ended September 30, 2023 and 2022, and their related disclosures included in these notes, are unaudited. These unaudited interim condensed consolidated financial statements have been prepared using the same accounting policies as those used in the preparation of our annual consolidated financial statements as of December 31, 2022, except for the adoption of new standards and interpretations effective as from January 1, 2023 and the income tax expense that is recognized, according to IAS 34, for each interim period based on the best estimate of the weighted average annual income effective tax rate expected for the full financial year. These unaudited interim condensed consolidated financial statements do not include all the information and disclosures required in annual consolidated financial statements and should be read in conjunction with the Company’s audited annual consolidated financial statements as of December 31, 2021 and 2022, and for the three-year period ended December 31, 2022, as included in the Company’s annual report on Form 20-F 20-F”). The preparation of these unaudited interim condensed consolidated financial statements in accordance with IAS 34 requires the use of critical estimates and assumptions that affect the amounts reported for certain assets and liabilities, as well as certain income and expenses. It also requires that management exercise judgment in the application of the Company’s accounting policies. The Mexican peso is the functional currency of the Company’s Mexican operations and the consolidated reporting currency of the Company. i) New standards, interpretations and amendments adopted The accounting policies adopted in the preparation of the unaudited interim condensed consolidated financial statements are consistent with those followed in the preparation of the Company’s annual consolidated financial statements for the year ended December 31, 2022, except for the adoption of new standards effective as of January 1, 2023. The Company has not early adopted any standard, interpretation or amendment that has been issued but is not yet effective. Several amendments apply for the first time in 2023 but do not have an impact on the unaudited interim condensed consolidated financial statements of the Company: Definition of Accounting Estimates - Amendments to IAS 8 The amendments to IAS 8 clarify the distinction between changes in accounting estimates, and changes in accounting policies and the correction of errors. They also clarify how entities use measurement techniques and inputs to develop accounting estimates. The amendments had no impact on the Company’s unaudited interim condensed consolidated financial statements. Disclosure of Accounting Policies - Amendments to IAS 1 and IFRS Practice Statement 2 The amendments to IAS 1 and IFRS Practice Statement 2 Making Materiality Judgements The amendments had no impact on the Company’s unaudited interim condensed consolidated financial statements, but are expected to affect the accounting policy disclosures in the Company’s annual consolidated financial statements. Deferred Tax related to Assets and Liabilities arising from a Single Transaction – Amendments to IAS 12 The amendments to IAS 12 Income Taxes The amendments had no impact on the Company’s unaudited interim condensed consolidated financial statements. |
Discontinued operations | b) Discontinued operations a) Claro Panama Disposal In accordance with IFRS 5 Non-current The results of discontinued operations for the period are shown as follows: For the nine-month September 30, 2022 Operative revenue: Revenue services Ps. 1,210,109 Sales of equipment 206,595 1,416,704 Total costs and expenses 1,403,311 Operating profit 13,393 Financial costs (39,538 ) Gain on sale of discontinued operations 3,405,014 Profit before income taxes of discontinued operations 3,378,869 Income taxes — Net profit of the period of discontinued operations Ps. 3,378,869 b) Joint Venture In accordance with IFRS 11 Joint Arrangements As of the date of the accompanying unaudited interim condensed consolidated financial statements, the Company identified impairment indicators due to facts that occurred in 2023 and, the Company recorded an impairment in the value of its investment of As of the date of the accompanying unaudited interim condensed consolidated financial statements, the contribution of CLP$289.3 billion by the Company permitted the refinancing of certain bank debt guaranteed by the Company existing at the formation of the JV. In addition, the Company has purchased convertible notes from ClaroVTR in an aggregate principal amount of Ps. 13,657,485 (including the amounts used for the refinancing of bank debt), convertible into shares of ClaroVTR. The convertible notes are disclosed as “Equity investments at fair value through OCI and other short-term investments.” Additionally, the Company recorded an impairment related to the operations of ClaroVTR totaling Ps. 8,238,393 on September 30, 2023. This amount is presented in Note 11. The results of discontinued operations for the period are shown below: For the nine-month September 30, 2022 Operative revenue: Revenue services Ps. 10,500,088 Sales of equipment 2,626,823 13,126,911 Total costs and expenses 14,954,526 Operating loss (1,827,615 ) Financial costs (685,124 ) Loss before income taxes of discontinued operations (2,512,739 ) Income taxes (1,805,500 ) Net loss of the period of discontinued operations Ps. (707,239) |
Basis of Preparation of the U_3
Basis of Preparation of the Unaudited Interim Condensed Consolidated Financial Statements and Summary of Significant Accounting Policies and Practices (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Disclosure of subsidiaries [line items] | |
Summary of Net profit for the year from discontinued operations | The results of discontinued operations for the period are shown as follows: For the nine-month September 30, 2022 Operative revenue: Revenue services Ps. 1,210,109 Sales of equipment 206,595 1,416,704 Total costs and expenses 1,403,311 Operating profit 13,393 Financial costs (39,538 ) Gain on sale of discontinued operations 3,405,014 Profit before income taxes of discontinued operations 3,378,869 Income taxes — Net profit of the period of discontinued operations Ps. 3,378,869 |
Joint ventures [member] | |
Disclosure of subsidiaries [line items] | |
Summary of Net profit for the year from discontinued operations | The results of discontinued operations for the period are shown below: For the nine-month September 30, 2022 Operative revenue: Revenue services Ps. 10,500,088 Sales of equipment 2,626,823 13,126,911 Total costs and expenses 14,954,526 Operating loss (1,827,615 ) Financial costs (685,124 ) Loss before income taxes of discontinued operations (2,512,739 ) Income taxes (1,805,500 ) Net loss of the period of discontinued operations Ps. (707,239) |
Related Parties (Tables)
Related Parties (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Text block [abstract] | |
Summary of Analysis of the Balances with Related Parties | a) The following is an analysis of the balances with related parties as of September 30, 2023 and December 31, 2022. All the companies were considered affiliates of América Móvil since the Company or the Company’s principal shareholders are also direct or indirect shareholders in the related parties: 2023 2022 Accounts receivable: Sears Roebuck de México, S.A. de C.V. and Subsidiaries Ps. 219,463 Ps. 260,584 Sitios Latinoamérica, S.A.B. de C.V. 333,600 1,460,897 Sanborns Hermanos, S.A. 73,222 124,157 Patrimonial Inbursa, S.A. 369,658 166,366 Grupo Condumex, S.A. de C.V. and Subsidiaries 27,045 31,857 Telesites, S.A.B. de C.V. and Subsidiaries 100,518 80,677 Claroshop.com, S.A.P.I de C.V. 70,704 31,559 Other 201,240 131,116 Total Ps. 1,395,450 Ps. 2,287,213 Accounts payable: Carso Infraestructura y Construcción, S.A. de C.V. and Subsidiaries Ps. 2,566,413 Ps. 2,836,689 Grupo Condumex, S.A. de C.V. and Subsidiaries 462,891 2,036,371 Sitos Latinoamérica, S.A.B. de C.V. 1,003,640 960,244 Fianzas Guardiana Inbursa, S.A. de C.V. 433,843 437,428 Claroshop.com, S.A.P.I de C.V. 138,549 216,774 Grupo Financiero Inbursa, S.A.B. de C.V. 85,216 102,127 Seguros Inbursa, S.A. de C.V. 334,513 107,389 Cicsa Perú, S.A.C 244,335 256,344 Industrial Afiliada, S.A. de C.V 367,979 103,864 Banco Inbursa, S.A 75,130 20,089 Promotora Inbursa, S.A. de C.V 37,894 15,174 Other 286,729 131,725 Total Ps. 6,037,132 Ps. 7,224,218 |
Summary of Transactions with Related Parties | b) For the nine-month periods ended September 30, 2023 and 2022, the Company conducted the following transactions with related parties: 2023 2022 C Construction services, purchases of materials, inventories and property, plant and equipment (i) Ps. 7,437,743 Ps. 9,450,787 Insurance premiums, fees paid for administrative and operating services, brokerage services and others (ii) 3,307,409 2,420,466 Associated costs for towers’ sale (iii) 1,584,080 — Rent of towers 804,171 312,726 Other services 1,535,383 1,042,218 Ps. 14,668,786 Ps. 13,226,197 Revenues: Service revenues Ps. 630,643 Ps. 547,805 Sales of towers (iv) 7,662,188 — Sales of equipment 1,118,923 598,162 Ps. 9,411,754 Ps. 1,145,967 i) In 2023, this amount includes Ps. 5,405,210 (Ps. 7,414,728 in 2022) for network construction services and construction materials purchased from subsidiaries of Grupo Carso, S.A.B. de C.V. (Grupo Carso). ii) In 2023, this amount includes Ps. 48,564 (Ps. 79,398 in 2022) for network maintenance services performed by Grupo Carso subsidiaries; Ps. 0 in 2023 (Ps. 16,556 in 2022, respectively) for software services provided by an associate, and Ps. 2,734,425 (Ps. 2,272,336 in 2022) for insurance premiums paid mainly by Radiomóvil Dipsa, S.A. de C.V. (hereinafter, “Telcel”) to Seguros Inbursa S.A. and Fianzas Guardiana Inbursa, S.A., which, in turn, places most of such insurance with reinsurers. iii) In 2023, this amount includes Ps. 789,414 of the cost related to the sales of towers by Compañía Dominicana de Teléfonos, S.A., Ps. 779,231 of the cost related to the sale of towers by América Móvil Perú, S.A.C., and Ps. 15,435 of the cost related to the sale of towers by Telmex. iv) In 2023, this amount includes Ps. 2,427,897 for sales of towers by Compañía Dominicana de Teléfonos, S.A., Ps. 4,282,291 for sales of towers by América Móvil Perú, S.A.C., and Ps. 952,000 for sale of towers by Telmex. |
Income Taxes (Tables)
Income Taxes (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Text block [abstract] | |
Summary of Composition of Income Tax Expense | The composition of income tax expense for the nine-month period ended September 30, 2023 and 2022 is as follows: 2023 2022 Current period income tax Ps. 36,182,909 Ps. 39,557,635 Deferred income tax (7,070,405 ) (3,900,303 ) Total Income tax Ps. 29,112,504 Ps. 35,657,332 Income tax attributable to the discontinued operations: Income tax of foreign discontinued operations. See Note 2 b) Ps. — Ps. — |
Summary of Deferred Tax Related to Items Recognized in OCI | Deferred tax related to items recognized in OCI during the nine-month period ended September 30, 2023 and 2022 is as follows: 2023 2022 Equity investments at fair value Ps. 3,714,808 Ps. 7,400,822 Deferred tax benefit recognized in OCI Ps. 3,714,808 Ps. 7,400,822 |
Debt (Tables)
Debt (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Text block [abstract] | |
Summary of Short- and Long-Term Debt | a) The Company’s short and long-term debt consists of the following: As of September 30, 2023 (Thousands of Mexican pesos) Currency Loan Interest rate Maturity Total Senior Notes U.S. dollars Fixed-rate Senior notes (i) 3.625% 2029 Ps. 17,728,700 Fixed-rate Senior notes (i) 2.875% 2030 17,728,700 Fixed-rate Senior notes (i) 4.700% 2032 13,296,525 Fixed-rate Senior notes (i) 6.375% 2035 17,397,705 Fixed-rate Senior notes (i) 6.125% 2037 6,545,879 Fixed-rate Senior notes (i) 6.125% 2040 35,377,798 Fixed-rate Senior notes (i) 4.375% 2042 20,388,005 Fixed-rate Senior notes (i) 4.375% 2049 22,160,875 Subtotal U.S. dollars Ps. 150,624,187 Mexican pesos Domestic Senior notes (i) TIIE + 0.020% 2024 Ps. 1,356,693 Domestic Senior notes (i) TIIE + 0.050% 2024 1,920,231 Fixed-rate Senior notes (i) 7.125% 2024 11,000,000 Domestic Senior notes (i) 0.000% 2025 5,851,519 Domestic Senior notes (i) TIIE + 0.300% 2025 335,731 Domestic Senior notes (i) TIIE + 0.300% 2025 73,688 Domestic Senior notes (i) 9.350% 2028 11,016,086 Fixed-rate Senior notes (i) 9.500% 2031 17,000,000 Domestic Senior notes (i) 9.520% 2032 14,679,166 Fixed-rate Senior notes (i) 8.460% 2036 7,871,700 Domestic Senior notes (i) 8.360% 2037 4,964,352 Domestic Senior notes (i) 4.840% 2037 7,308,611 Subtotal Mexican pesos Ps. 83,377,777 Euros Commercial Paper (iv) 3.830% 2023 Ps. 937,228 Commercial Paper (iv) 3.830% 2023 749,782 Commercial Paper (iv) 3.820% 2023 937,228 Commercial Paper (iv) 3.830% 2023 468,614 Commercial Paper (iv) 3.830% 2023 468,614 Commercial Paper (iv) 3.850% 2023 880,994 Commercial Paper (iv) 3.840% 2023 468,614 Commercial Paper (iv) 3.850% 2023 468,614 Commercial Paper (iv) 3.870% 2023 656,059 Commercial Paper (iv) 3.870% 2023 937,228 Commercial Paper (iv) 3.950% 2023 937,228 Commercial Paper (iv) 3.970% 2023 656,059 Commercial Paper (iv) 3.960% 2023 281,168 Commercial Paper (iv) 4.030% 2023 937,228 Commercial Paper (iv) 4.030% 2023 468,614 Commercial Paper (iv) 4.140% 2023 187,446 Commercial Paper (iv) 3.950% 2023 937,228 Commercial Paper (iv) 3.950% 2023 656,059 Commercial Paper (iv) 4.110% 2024 281,168 Exchangeable Bond (i) 0.000% 2024 37,856,502 Fixed-rate Senior notes (i) 1.500% 2024 15,932,871 Fixed-rate Senior notes (i) 1.500% 2026 14,058,416 Fixed-rate Senior notes (i) 0.750% 2027 14,167,790 Fixed-rate Senior notes (i) 2.125% 2028 11,179,440 Fixed-rate Senior notes (i) 5.250% 2028 9,372,277 Subtotal euros Ps. 114,882,469 Pound Sterling Fixed-rate Senior notes (i) 5.000% 2026 Ps. 10,813,621 Fixed-rate Senior notes (i) 5.750% 2030 14,057,707 Fixed-rate Senior notes (i) 4.948% 2033 6,488,172 Fixed-rate Senior notes (i) 4.375% 2041 16,220,431 Subtotal Pound Sterling Ps. 47,579,931 Brazilian reais Promissory Notes (i) CDI + 1.000% 2023 Ps. 2,832,287 Debentures (i) CDI + 1.400% 2024 15,046,524 Debentures (i) CDI + 1.370% 2025 5,310,538 Debentures (i) CDI + 1.350% 2026 5,310,538 Subtotal Brazilian reais Ps. 28,499,887 Other currencies Japanese yen Fixed-rate Senior notes (i) 2.950% 2039 Ps. 1,542,968 Subtotal Japanese yen Ps. 1,542,968 Chilean pesos Fixed-rate Senior notes (i) 4.000% 2035 Ps. 3,582,591 Subtotal Chilean pesos Ps. 3,582,591 Subtotal other currencies Ps. 5,125,559 Lines of Credit and others Euros Lines of credit (ii) Euribor 1M + 4.150% - 5.195% 2023 - 2028 Ps. 12,652,574 Mexican pesos Lines of credit (ii) TIIE + 0.300% - TIIE 2023 - 2024 56,280,000 Peruvian Soles Lines of credit (ii) 7.940% - 8.010% 2024 8,021,245 Subtotal Lines of Credit and others Ps. 76,953,819 Total debt Ps. 507,043,629 Less: Short-term debt and current portion of long-term debt Ps. 152,921,592 Long-term debt Ps. 354,122,037 As of December 31, 2022 (Thousands of Mexican pesos) Currency Loan Interest rate Maturity Total Senior Notes U.S. dollars Fixed-rate Senior notes (i) 3.625% 2029 Ps. 19,414,300 Fixed-rate Senior notes (i) 2.875% 2030 19,414,300 Fixed-rate Senior notes (i) 4.700% 2032 14,560,725 Fixed-rate Senior notes (i) 6.375% 2035 19,051,835 Fixed-rate Senior notes (i) 6.125% 2037 7,168,245 Fixed-rate Senior notes (i) 6.125% 2040 38,741,430 Fixed-rate Senior notes (i) 4.375% 2042 22,326,445 Fixed-rate Senior notes (i) 4.375% 2049 24,267,875 Subtotal U.S. dollars Ps. 164,945,155 Mexican pesos Domestic Senior notes (i) TIIE + 0.050% 2024 Ps. 1,920,231 Fixed-rate Senior notes (i) 7.125% 2024 11,000,000 Domestic Senior notes (i) 0.000% 2025 5,683,928 Domestic Senior notes (i) TIIE + 0.300% 2025 335,731 Domestic Senior notes (i) 9.520% 2032 14,679,166 Fixed-rate Senior notes (i) 8.460% 2036 7,871,700 Domestic Senior notes (i) 8.360% 2037 4,964,352 Domestic Senior notes (i) 4.840% 2037 7,099,289 Subtotal Mexican pesos Ps. 53,554,397 Euros Commercial Paper (iv) 2.020% 2023 Ps. 519,575 Commercial Paper (iv) 2.010% 2023 1,039,150 Commercial Paper (iv) 2.270% 2023 519,575 Commercial Paper (iv) 2.150% 2023 519,575 Fixed-rate Senior notes (i) 3.500% 2023 6,234,902 Fixed-rate Senior notes (i) 3.259% 2023 15,587,256 Exchangeable Bond (i) 0.000% 2024 43,581,968 Fixed-rate Senior notes (i) 1.500% 2024 17,665,557 Fixed-rate Senior notes (i) 1.500% 2026 15,587,256 Fixed-rate Senior notes (i) 0.750% 2027 15,708,525 Fixed-rate Senior notes (i) 2.125% 2028 12,395,194 Subtotal euros Ps. 129,358,533 Pound Sterling Fixed-rate Senior notes (i) 5.000% 2026 Ps. 11,729,149 Fixed-rate Senior notes (i) 5.750% 2030 15,247,894 Fixed-rate Senior notes (i) 4.948% 2033 7,037,490 Fixed-rate Senior notes (i) 4.375% 2041 17,593,724 Subtotal Pound Sterling Ps. 51,608,257 Brazilian reais Debentures (i) CDI + 1.350% 2023 Ps. 9,302,135 Promissory Notes (i) CDI + 1.000% 2023 2,976,683 Debentures (i) CDI + 1.400% 2024 15,813,630 Debentures (i) CDI + 1.370% 2025 5,581,281 Subtotal Brazilian reais Ps. 33,673,729 Other currencies Japanese yen Fixed-rate Senior notes (i) 2.950% 2039 Ps. 1,924,847 Subtotal Japanese yen Ps. 1,924,847 Chilean pesos Fixed-rate Senior notes (i) 4.000% 2035 Ps. 3,964,099 Subtotal Chilean pesos Ps. 3,964,099 Subtotal other currencies Ps. 5,888,946 Lines of Credit and others U.S. dollars Lines of credit (ii) 5.050% 2023 Ps. 491,750 Euros Lines of credit (ii) 2.083% - 2.650% 2023 - 2024 17,052,458 Mexican pesos Lines of credit (ii) TIIE + 0.280% - TIIE 2023 43,580,000 Peruvian Soles Lines of credit (ii) 6.00% 2023 4,142,056 Colombian pesos Lines of credit (ii) IBR + 2.25% 2023 165,479 Brazilian reais Lines of credit (ii) 13.32% 2023 6,105,177 Others Lines of credit (ii) 11.00% 2023 23,543 Subtotal Lines of Credit and others Ps. 71,560,463 Total debt Ps. 510,589,480 Less: Short-term debt and current portion of long-term debt Ps. 102,024,414 Long-term debt Ps. 408,565,066 |
Summary of Short Term Debt Maturities | An analysis of the Company’s short-term debt maturities as of December 31, 2022 and September 30, 2023 is as follows: 2022 2023 Obligations and Senior Notes Ps. 36,698,853 Ps. 85,340,050 Lines of credit 65,325,561 67,581,542 Financial leases — — Subtotal short term debt Ps. 102,024,414 Ps. 152,921,592 Weighted-average interest rate 8.50 % 7.11 % |
Summary of Long Term Debt Maturities | The Company’s long-term debt maturities are as follows: Years Amount 2024 Ps. 12,920,231 2025 11,571,475 2026 30,182,574 2027 and thereafter 299,447,757 Total Ps. 354,122,037 |
Summary of Senior Notes Outstanding | The outstanding Senior Notes as of December 31, 2022 and September 30, 2023 are as follows: Currency* 2022 2023 U.S. dollars Ps. 164,945,155 Ps. 150,624,187 Mexican pesos 53,554,397 83,377,777 Euros 129,358,533 114,882,469 Pound sterling 51,608,257 47,579,931 Brazilian reais 33,673,729 28,499,887 Japanese yens 1,924,847 1,542,968 Chilean pesos 3,964,099 3,582,591 |
Financial Assets and Liabilit_2
Financial Assets and Liabilities (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Text block [abstract] | |
Summary of Categorization of the Financial Instruments, Excluding Cash and Cash Equivalents | Set out below is the categorization of the financial instruments, excluding cash and cash equivalents, held by the Company as of September 30, 2023 and December 31, 2022: September 30, 2023 Loans and Fair value Fair value Financial Assets: Equity investments at fair value through OCI and other short-term investments Ps. 5,889,985 Ps. — Ps. 68,627,966 Accounts receivable from subscribers, distributors, contractual assets and other 163,010,399 — — Related parties 1,395,450 — — Derivative financial instruments — 1,779,953 — Total current assets 170,295,834 1,779,953 68,627,966 Debt instruments at fair value through OCI — — 14,510,542 Total Ps. 170,295,834 Ps. 1,779,953 Ps. 83,138,508 Financial Liabilities: Debt Ps. 507,043,629 Ps. — Ps. — Liability related to right-of-use 131,467,840 — — Accounts payable 169,397,530 — — Related parties 6,037,132 — — Derivative financial instruments — 24,499,284 — Total Ps. 813,946,131 Ps. 24,499,284 Ps. — December 31, 2022 Loans and Fair value Fair value Financial Assets: Equity investments at fair value through OCI and other short-term investments Ps. — Ps. — Ps. 88,428,111 Accounts receivable from subscribers, distributors, contractual assets and other 161,201,512 — — Related parties 2,287,213 — — Derivative financial instruments — 2,602,680 — Total current assets 163,488,725 2,602,680 88,428,111 Debt instruments at fair value through OCI — — 6,981,149 Total Ps. 163,488,725 Ps. 2,602,680 Ps. 95,409,260 Financial Liabilities: Debt Ps. 510,589,480 Ps. — Ps. — Liability related to right-of-use 134,148,811 — — Accounts payable 174,472,769 — — Related parties 7,224,218 — — Derivative financial instruments — 25,331,346 — Total Ps. 826,435,278 Ps. 25,331,346 Ps. — |
Summary of Fair Value for the Financial Assets (Excluding Cash and Cash Equivalents) and Financial Liabilities | The fair value for the financial assets (excluding cash and cash equivalents) and financial liabilities shown in the interim condensed consolidated statements of financial position at September 30, 2023 and December 31, 2022 is as follow: Measurement of fair value at September 30, 2023 Level 1 Level 2 Level 3 Total Assets: Equity investments at fair value through OCI and other short-term investments Ps. 68,627,966 Ps. — Ps.5,889,985 Ps.74,517,951 Derivative financial instruments — 1,779,953 — 1,779,953 Revalued of assets — — 27,812,945 27,812,945 Pension plan assets 191,871,841 14,298,222 35,860 206,205,923 Total current assets 260,499,807 16,078,175 33,738,790 310,316,772 Debt instruments at fair value through OCI 5,032,597 9,477,945 — 14,510,542 Total Ps. 265,532,404 Ps. 25,556,120 Ps. 33,738,790 Ps. 324,827,314 Liabilities: Debt Ps. 349,654,882 Ps. 127,557,171 Ps. — Ps. 477,212,053 Liability related to right-of-use 131,467,840 — — 131,467,840 Derivative financial instruments — 24,499,284 — 24,499,284 Total Ps. 481,122,722 Ps. 152,056,455 Ps. — Ps. 633,179,177 Measurement of fair value at December 31, 2022 Level 1 Level 2 Level 3 Total Assets: Equity investments at fair value through OCI and other short-term investments Ps. 88,428,111 Ps. — Ps. — Ps. 88,428,111 Derivative financial instruments — 2,602,680 — 2,602,680 Revalued of assets — — 38,353,719 38,353,719 Pension plan assets 192,829,688 15,657,661 39,270 208,526,619 Total current assets 281,257,799 18,260,341 38,392,989 337,911,129 Debt instruments at fair value through OCI — 6,981,149 — 6,981,149 Total Ps. 281,257,799 Ps. 25,241,490 Ps. 38,392,989 Ps. 344,892,278 Liabilities: Debt Ps. 371,709,395 Ps. 116,848,635 Ps. — Ps. 488,558,030 Liability related to right-of-use 134,148,811 — — 134,148,811 Derivative financial instruments — 25,331,346 — 25,331,346 Total Ps. 505,858,206 Ps. 142,179,981 Ps. — Ps. 648,038,187 |
Components of other comprehen_2
Components of other comprehensive loss (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Text block [abstract] | |
Summary of Movement on the Components of the Other Comprehensive Loss | The movement on the components of the other comprehensive income for the nine-month periods ended September 30, 2023 and 2022 is as follows: 2023 2022 Controlling interest: Unrealized loss on equity investments at fair value, net of deferred taxes Ps. (3,630,663 ) Ps. (5,699,392 ) Translation effect of foreign entities (25,259,730 ) (23,903,935 ) Translation effect by discontinued operations — (1,750,472 ) Remeasurement of defined benefit plan, net of deferred taxes — 294,922 Non-controlling (2,254,566 ) (4,679,057 ) Other comprehensive loss Ps. (31,144,959 ) Ps. (35,737,934 ) |
Valuation of derivatives, int_2
Valuation of derivatives, interest cost from labor obligations and other financial items, net (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Text block [abstract] | |
Schedule of Valuation of Derivatives and Other Financial Items | For the nine-month periods ended September 30, 2023 and 2022, valuation of derivatives and other financial items was as follows: 2023 2022 Loss in valuation of derivatives, net Ps. (14,583,677 ) Ps. (33,682,405 ) Capitalized interest income 998,616 1,149,241 Commissions (854,342 ) (770,028 ) Interest cost of labor obligations (10,373,166 ) (9,287,660 ) Dividend received 3,884,554 5,433,823 Gain on net monetary positions 12,310,469 9,773,317 Contractual earn-out 1,345,103 2,298,533 Impairment to accounts receivable – ClaroVTR (8,238,393 ) — Impairment to investment – ClaroVTR (4,677,782 ) — TracFone contractual compensation (647,013 ) — DISH uncollectible allowance (613,515 ) — Dividend prescription America Movil — 885,877 Other financial cost (i) 136,422 497,828 Total Ps. (21,312,724 ) Ps. (23,701,474 ) (i) Excludes discontinued operations of Chile and Panama (See Note 2b) |
Segments (Tables)
Segments (Tables) | 9 Months Ended |
Sep. 30, 2023 | |
Text block [abstract] | |
Summary of Operating Segments | Mexico Telmex Brazil (1) Southern Cone Colombia Andean (2) Central Caribbean Europe Eliminations Consolidated For the nine-months period ended September 30, 2023 (in Ps.): External revenues 183,326,820 63,385,410 120,643,031 25,589,086 45,573,769 40,784,677 32,815,550 28,317,264 74,864,647 — 615,300,254 Intersegment revenues 7,282,073 12,447,157 3,342,344 37,453 246,029 50,594 73,754 899,205 — (24,378,609 ) — Total revenues 190,608,893 75,832,567 123,985,375 25,626,539 45,819,798 40,835,271 32,889,304 29,216,469 74,864,647 (24,378,609 ) 615,300,254 Depreciation and amortization 19,854,926 10,661,824 32,948,124 7,138,235 9,687,040 7,705,756 7,774,150 5,272,622 15,611,301 (1,326,894 ) 115,327,084 Operating income 62,193,205 9,478,594 18,413,105 836,693 7,317,594 8,582,308 4,826,064 6,309,274 12,140,762 (4,121,609 ) 125,975,990 Interest income 19,632,757 1,090,456 3,318,180 486,484 645,925 1,620,722 466,514 1,147,198 307,387 (22,071,061 ) 6,644,562 Interest expense 20,369,944 5,442,770 19,273,742 1,474,895 2,489,576 1,222,209 933,496 1,229,509 1,432,444 (21,573,850 ) 32,294,735 Income tax 22,039,911 (145,184 ) 654,368 (2,325,567 ) 835,905 3,330,258 1,314,679 1,535,248 2,300,165 (427,279 ) 29,112,504 Equity interest in net income (loss) of associated companies (3,797,172 ) 28,384 24,249 (2,815 ) — — (645 ) — 16,513 — (3,731,486 ) Net profit (loss) attributable to equity holders of the parent 28,946,397 (4,035,727 ) 4,346,285 (143,764 ) 3,180,166 6,476,390 3,191,646 4,365,631 8,535,407 3,186,175 58,048,606 Assets by segment 1,030,522,792 237,903,064 388,792,356 81,116,527 114,451,892 92,960,971 90,174,355 103,282,962 147,490,187 (694,553,031 ) 1,592,142,075 Plant, property and equipment, net 46,104,250 145,781,937 152,498,377 39,540,047 49,660,991 29,654,941 40,204,241 36,373,908 67,032,522 (1,075,916 ) 605,775,298 Revalued of assets — — — — 7,990,278 — — — 19,822,667 — 27,812,945 Goodwill 26,450,092 215,381 29,800,253 201,265 9,134,535 4,620,773 6,290,086 14,186,723 55,694,728 — 146,593,836 Trademarks, net 109,232 95,212 1,221 — — 570 — 199,664 2,326,510 — 2,732,409 Licenses and rights, net 10,751,301 98,630 33,300,938 12,018,537 8,156,321 3,339,628 4,967,979 9,112,039 18,736,696 — 100,482,069 Investment in associated companies 21,458,537 574,192 49,427 (12,872 ) — — 21,139 — 18,463 (6,098,146 ) 16,010,740 Liabilities by segments 651,378,535 230,678,142 322,742,258 46,077,687 58,557,943 40,753,768 34,556,739 49,060,210 92,192,262 (358,399,590 ) 1,167,597,954 For the nine-months period ended September 30, 2022 (in Ps.): External revenues 173,172,999 59,941,741 123,960,091 31,364,649 55,577,412 40,900,522 35,271,222 29,352,658 78,998,073 — 628,539,367 Intersegment revenues 6,693,842 12,078,536 2,517,238 (76,302 ) 284,947 56,598 131,015 1,465,986 — (23,151,860 ) — Total revenues 179,866,841 72,020,277 126,477,329 31,288,347 55,862,359 40,957,120 35,402,237 30,818,644 78,998,073 (23,151,860 ) 628,539,367 Depreciation and amortization 19,630,572 9,815,473 32,355,992 7,573,737 10,016,934 7,973,246 8,217,529 5,357,477 17,256,032 367,559 118,564,551 Operating income 56,239,177 9,804,633 18,586,084 2,662,681 11,232,978 5,750,496 6,760,634 6,657,361 12,976,982 (4,485,665 ) 126,185,361 Interest income 13,450,786 555,563 1,713,993 612,437 504,971 633,511 274,680 406,424 156,211 (15,196,268 ) 3,112,308 Interest expense 18,595,453 2,043,815 17,643,103 2,199,390 1,969,055 702,871 811,202 754,293 979,499 (14,758,341 ) 30,940,340 Income tax 21,757,834 1,730,732 (107,876 ) 1,532,415 2,250,229 1,775,276 1,808,111 2,279,688 2,573,925 56,998 35,657,332 Equity interest in net income (loss) of associated companies 34,540 22,459 10,642 (528 ) — — — — (19,099 ) — 48,014 Net profit (loss) attributable to equity holders of the parent continues operations 53,728,501 (1,981,977 ) 4,110,728 848,256 5,057,140 4,290,589 4,283,706 3,727,793 9,529,969 (23,816,630 ) 59,778,075 Net profit attributable to equity holders of the parent discontinued operations — — — — — — — — — — 2,671,630 Net profit (loss) attributable to equity holders of the parent 53,728,501 (1,981,977 ) 4,110,728 848,256 5,057,140 4,290,589 4,283,706 3,727,793 9,529,969 (23,816,630 ) 62,449,705 Assets by segment 1,050,721,746 208,717,113 401,470,870 133,019,538 105,867,593 83,344,448 85,906,325 102,864,039 149,230,066 (690,838,170 ) 1,630,303,568 Plant, property and equipment, net 49,659,959 128,057,776 156,556,259 62,710,762 46,760,727 32,923,637 38,481,018 42,377,462 68,193,484 (982,743 ) 624,738,341 Revalued of assets — — — — 8,647,734 6,691,780 — 1,592,140 22,726,516 — 39,658,170 Goodwill 23,296,674 215,381 31,068,497 2,295,155 12,742,478 4,680,898 6,323,205 14,186,723 48,521,317 — 143,330,328 Trademarks, net 106,771 126,442 — — — — — 241,987 2,448,987 — 2,924,187 Licenses and rights, net 10,870,850 112,302 37,967,828 15,372,115 9,134,619 4,593,871 3,803,556 10,773,291 20,292,186 — 112,920,618 Investment in associated companies 3,750,083 544,058 86,784 (22,937 ) — — 24,894 — 21,536 (1,262,240 ) 3,142,178 Liabilities by segments 633,866,917 190,971,198 294,931,188 73,669,413 55,487,418 35,050,731 31,004,610 53,039,683 95,495,024 (264,769,028 ) 1,198,747,154 (1) Restated for discontinued operations for the nine-month period ended September 30, 2022 ClaroVTR. (2) Restated for discontinued operations for the nine-month period ended September 30, 2022 (Panama disposal). |
Description of the Business a_2
Description of the Business and Relevant Events - Additional Information (Detail) $ / shares in Units, $ in Thousands | 9 Months Ended | 12 Months Ended | |||||||||||
Sep. 22, 2023 EUR (€) Towers | Jul. 24, 2023 | Jul. 06, 2023 EUR (€) | Jun. 30, 2023 MXN ($) Towers | Jun. 26, 2023 MXN ($) | Jun. 09, 2023 EUR (€) | Apr. 27, 2023 MXN ($) $ / shares | Feb. 06, 2023 | Feb. 03, 2023 MXN ($) Towers | Sep. 30, 2023 MXN ($) Country | Sep. 30, 2022 MXN ($) | [1] | Dec. 31, 2022 | |
Percentage of shareholding approval of spin off | |||||||||||||
Corporate information description | América Móvil, S.A.B. de C.V. and subsidiaries (hereinafter, the “Company”, “América Móvil”, “AMX”, “we”, “us” and “our”) was incorporated under the laws of Mexico on September 25, 2000. As of September 30, 2023, the Company provides telecommunications services in 22 countries, as well as through a joint venture in Chile, throughout Latin America, the Caribbean and Europe. These telecommunications services include mobile and fixed-line voice services, wireless and fixed data services, internet access and Pay TV, over the top (OTT) and other related services. The Company also sells equipment, accessories and computers. | ||||||||||||
Number of countries in which company operates | Country | 22 | ||||||||||||
Number of countries in which company holds license | Country | 22 | ||||||||||||
Proceeds from the sale of property plant and equipment spin off | $ 6,997,431 | $ 207,731 | |||||||||||
Dividends paid, ordinary shares per share | $ / shares | $ 0.46 | ||||||||||||
Validity of Agreement of Shareholders | 10 years | ||||||||||||
Global Pesos Notes [Member] | |||||||||||||
Percentage of shareholding approval of spin off | |||||||||||||
Debt instrument face value | $ 130,000,000 | ||||||||||||
Debt Instrument Term | 5 years | ||||||||||||
Nine Point Five Percent Sustainable Bonds [Member] | |||||||||||||
Percentage of shareholding approval of spin off | |||||||||||||
Debt instrument face value | $ 17,000,000 | ||||||||||||
Debt Instrument Term | 7 years | ||||||||||||
Borrowings interest rate | 9.50% | ||||||||||||
Approval of Shareholders Transactions [Member] | |||||||||||||
Percentage of shareholding approval of spin off | |||||||||||||
Repurchase funds authorised amount | $ 20,000,000 | ||||||||||||
Dividends paid, ordinary shares per share | $ / shares | $ 0.46 | ||||||||||||
Telekom Austria AG [member] | COUNTRY A T [Member] | |||||||||||||
Percentage of shareholding approval of spin off | |||||||||||||
Percentage of voting rights in subsidiary acquired during the period | 5.55% | ||||||||||||
Proportion of ownership interest in subsidiary | 56.55% | 51% | |||||||||||
Telekom Austria AG [member] | COUNTRY A T [Member] | EURO Telesites AG [Member] | |||||||||||||
Percentage of shareholding approval of spin off | |||||||||||||
Debt transferred pursuant to spin off | € | € 1,000,000,000 | ||||||||||||
Number of towers transferred pursuant to spin off | Towers | 13,000 | ||||||||||||
Share exchange ratio based on which the shares will be issued by the new company | 0.25 | ||||||||||||
Telecommunications Towers [Member] | |||||||||||||
Percentage of shareholding approval of spin off | |||||||||||||
Number of telecommunications towers transferred under spin off | Towers | 3,480 | ||||||||||||
Sitios Latinoamrica, S.A.B. de C.V [Member] | Telecommunications Towers [Member] | |||||||||||||
Percentage of shareholding approval of spin off | |||||||||||||
Number of telecommunications towers transferred under spin off | Towers | 2,980 | 1,388 | |||||||||||
Proceeds from the sale of property plant and equipment spin off | $ 3,950,079 | $ 2,419,568 | |||||||||||
Telesites SAB de CV [member] | Series One Hybrid Notes [member] | |||||||||||||
Percentage of shareholding approval of spin off | |||||||||||||
Debt instrument principal amount of debt closed | € | € 500,000,000 | ||||||||||||
Telesites SAB de CV [member] | Loan Raised By Way Of Bonds Issue [Member] | Five Point Two Five Percent Euro Five Hundred Million Bond [Member] | |||||||||||||
Percentage of shareholding approval of spin off | |||||||||||||
Debt instrument face value | € | € 500,000,000 | ||||||||||||
Debt Instrument Term | 5 years | ||||||||||||
Borrowings interest rate | 5.25% | ||||||||||||
[1]Restated for discontinued operations. |
Basis of Preparation of the U_4
Basis of Preparation of the Unaudited Interim Condensed Consolidated Financial Statements and Summary of Significant Accounting Policies and Practices - Additional Information (Detail) - 9 months ended Sep. 30, 2023 $ in Thousands, $ in Billions | MXN ($) | CLP ($) |
Disclosure of basis of preparation of consolidated financial statements and summary of significant accounting policies and practices [line items] | ||
Impairment of investments in joint ventures | $ 4,677,782 | |
Claro VTR [Member] | Liberty Latin America [Member] | ||
Disclosure of basis of preparation of consolidated financial statements and summary of significant accounting policies and practices [line items] | ||
Impairment of investments in joint ventures | 4,677,782 | |
Contribution to refinancing of debt | $ 289.3 | |
Additional impairment of investments in joint ventures | 8,238,393 | |
Claro VTR [Member] | Liberty Latin America [Member] | Convertible Notes [Member] | ||
Disclosure of basis of preparation of consolidated financial statements and summary of significant accounting policies and practices [line items] | ||
Aggregate principal amount | $ 13,657,485 |
Basis of Preparation of the U_5
Basis of Preparation of the Unaudited Interim Condensed Consolidated Financial Statements and Summary of Significant Accounting Policies and Practices - Summary of Net profit for the year from discontinued operations (Detail) - MXN ($) $ in Thousands | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | ||
Operating revenues: | |||
Revenue services | $ 521,859,211 | $ 532,404,944 | [1] |
Sales of equipment | 93,441,043 | 96,134,423 | [1] |
Operating revenues | 615,300,254 | 628,539,367 | [1] |
Total costs and expenses | 237,179,459 | 245,607,587 | [1] |
Operating income | 125,975,990 | 126,185,361 | [1] |
Profit before income tax | 90,775,292 | 99,744,596 | [1] |
Income tax | 29,112,504 | 35,657,332 | [1] |
Net loss of the period of discontinued operations | $ 0 | 2,671,630 | [1] |
Discontinued operations [member] | Claro Panama [Member] | |||
Operating revenues: | |||
Revenue services | 1,210,109 | ||
Sales of equipment | 206,595 | ||
Operating revenues | 1,416,704 | ||
Total costs and expenses | 1,403,311 | ||
Operating income | 13,393 | ||
Financial costs | (39,538) | ||
Gain on disposal of discontinued operations | 3,405,014 | ||
Profit before income tax | 3,378,869 | ||
Income tax | 0 | ||
Net loss of the period of discontinued operations | $ 3,378,869 | ||
[1]Restated for discontinued operations. |
Basis of Preparation of the U_6
Basis of Preparation of the Unaudited Interim Condensed Consolidated Financial Statements and Summary of Significant Accounting Policies and Practices - Summary of Analysis Of Single Amount Of Discontinued Operations Table (Detail) - MXN ($) $ in Thousands | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | ||
Revenue [abstract] | |||
Revenue services | $ 521,859,211 | $ 532,404,944 | [1] |
Sales of equipment | 93,441,043 | 96,134,423 | [1] |
Operating revenues | 615,300,254 | 628,539,367 | [1] |
Total costs and expenses | 237,179,459 | 245,607,587 | [1] |
Operating income | 125,975,990 | 126,185,361 | [1] |
Profit before income tax | 90,775,292 | 99,744,596 | [1] |
Tax expense: | |||
Income taxes | 29,112,504 | 35,657,332 | [1] |
Net loss of the period of discontinued operations | $ 0 | 2,671,630 | [1] |
Joint ventures [member] | Discontinued operations [member] | |||
Revenue [abstract] | |||
Revenue services | 10,500,088 | ||
Sales of equipment | 2,626,823 | ||
Operating revenues | 13,126,911 | ||
Total costs and expenses | 14,954,526 | ||
Operating income | (1,827,615) | ||
Financial costs | (685,124) | ||
Profit before income tax | (2,512,739) | ||
Tax expense: | |||
Income taxes | (1,805,500) | ||
Net loss of the period of discontinued operations | $ (707,239) | ||
[1]Restated for discontinued operations. |
Related Parties - Summary of An
Related Parties - Summary of Analysis of the Balances with Related Parties (Detail) - MXN ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Disclosure of receivables and payables arising from related party transactions [line items] | ||
Amounts receivable from related party transactions | $ 1,395,450 | $ 2,287,213 |
Amounts payable to related party transactions | 6,037,132 | 7,224,218 |
Sears Roebuck de México, S.A. de C.V. and Subsidiaries [member] | ||
Disclosure of receivables and payables arising from related party transactions [line items] | ||
Amounts receivable from related party transactions | 219,463 | 260,584 |
Sitios Latinoamérica, S.A.B. de C.V. [Member] | ||
Disclosure of receivables and payables arising from related party transactions [line items] | ||
Amounts receivable from related party transactions | 333,600 | 1,460,897 |
Sanborns Hermanos, SA [member] | ||
Disclosure of receivables and payables arising from related party transactions [line items] | ||
Amounts receivable from related party transactions | 73,222 | 124,157 |
Patrimonial Inbursa, SA [member] | ||
Disclosure of receivables and payables arising from related party transactions [line items] | ||
Amounts receivable from related party transactions | 369,658 | 166,366 |
Grupo Condumex, SA de CV and Subsidiaries [member] | ||
Disclosure of receivables and payables arising from related party transactions [line items] | ||
Amounts receivable from related party transactions | 27,045 | 31,857 |
Amounts payable to related party transactions | 462,891 | 2,036,371 |
Telesites, S.A.B. de C.V. and Subsidiaries [member] | ||
Disclosure of receivables and payables arising from related party transactions [line items] | ||
Amounts receivable from related party transactions | 100,518 | 80,677 |
Claroshopcom SAPI de CV [member] | ||
Disclosure of receivables and payables arising from related party transactions [line items] | ||
Amounts receivable from related party transactions | 70,704 | 31,559 |
Amounts payable to related party transactions | 138,549 | 216,774 |
Carso Infraestructura y Construccion, SA de CV and Subsidiaries [member] | ||
Disclosure of receivables and payables arising from related party transactions [line items] | ||
Amounts payable to related party transactions | 2,566,413 | 2,836,689 |
Sitos Latinoamérica, S.A.B. de C.V. [member] | ||
Disclosure of receivables and payables arising from related party transactions [line items] | ||
Amounts payable to related party transactions | 1,003,640 | 960,244 |
Fianzas Guardiana Inbursa, SA de CV [member] | ||
Disclosure of receivables and payables arising from related party transactions [line items] | ||
Amounts payable to related party transactions | 433,843 | 437,428 |
Grupo Financiero Inbursa, SAB de CV [member] | ||
Disclosure of receivables and payables arising from related party transactions [line items] | ||
Amounts payable to related party transactions | 85,216 | 102,127 |
Seguros Inbursa SA de CV [member] | ||
Disclosure of receivables and payables arising from related party transactions [line items] | ||
Amounts payable to related party transactions | 334,513 | 107,389 |
Cicsa Perú, S.A.C. [Member] | ||
Disclosure of receivables and payables arising from related party transactions [line items] | ||
Amounts payable to related party transactions | 244,335 | 256,344 |
Industrial Afiliada, S.A. de C.V [Member] | ||
Disclosure of receivables and payables arising from related party transactions [line items] | ||
Amounts payable to related party transactions | 367,979 | 103,864 |
Banco Inbursa, S.A [Member] | ||
Disclosure of receivables and payables arising from related party transactions [line items] | ||
Amounts payable to related party transactions | 75,130 | 20,089 |
Promotora Inbursa, S.A. de C.V [member] | ||
Disclosure of receivables and payables arising from related party transactions [line items] | ||
Amounts payable to related party transactions | 37,894 | 15,174 |
Other related parties [member] | ||
Disclosure of receivables and payables arising from related party transactions [line items] | ||
Amounts receivable from related party transactions | 201,240 | 131,116 |
Amounts payable to related party transactions | $ 286,729 | $ 131,725 |
Related Parties - Summary of Tr
Related Parties - Summary of Transactions with Related Parties (Detail) - MXN ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Disclosure of transactions between related parties [abstract] | ||
Construction services, purchases of materials, inventories and property, plant and equipment | $ 7,437,743 | $ 9,450,787 |
Insurance premiums, fees paid for administrative and operating services, brokerage services and others | 3,307,409 | 2,420,466 |
Associated costs for towers' sale | 1,584,080 | |
Rent of towers | 804,171 | 312,726 |
Other services | 1,535,383 | 1,042,218 |
Investments and expenses | 14,668,786 | 13,226,197 |
Service revenues | 630,643 | 547,805 |
Sales of towers | 7,662,188 | |
Sales of equipment | 1,118,923 | 598,162 |
Revenues | $ 9,411,754 | $ 1,145,967 |
Related Parties - Summary of _2
Related Parties - Summary of Transactions with Related Parties (Parenthetical) (Detail) - MXN ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Disclosure of transactions between related parties [line items] | ||
Materials purchased from subsidiaries | $ 5,405,210 | $ 7,414,728 |
Associated costs for towers' sale | (1,584,080) | |
Sale Of Towers Of Related Party Transactions | 7,662,188 | |
Grupo Carso, SAB de CV [member] | ||
Disclosure of transactions between related parties [line items] | ||
Network maintenance service cost | 48,564 | 79,398 |
Associates [member] | ||
Disclosure of transactions between related parties [line items] | ||
Software service expense | 0 | 16,556 |
Radiomóvil Dipsa, S.A. de C.V. [member] | ||
Disclosure of transactions between related parties [line items] | ||
Insurance premium | 2,734,425 | $ 2,272,336 |
Dominican Republic, Paraguay, Costa Rica and Colombia [member] | ||
Disclosure of transactions between related parties [line items] | ||
Associated costs for towers' sale | 789,414 | |
Sale Of Towers Of Related Party Transactions | 2,427,897 | |
America Movil Peru S.A. C. [member] | ||
Disclosure of transactions between related parties [line items] | ||
Associated costs for towers' sale | 779,231 | |
Sale Of Towers Of Related Party Transactions | 4,282,291 | |
Telmexs [member] | ||
Disclosure of transactions between related parties [line items] | ||
Associated costs for towers' sale | 15,435 | |
Sale Of Towers Of Related Party Transactions | $ 952,000 |
Property, Plant and Equipment_2
Property, Plant and Equipment, net - Additional Information (Detail) - MXN ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Disclosure of detailed information about property, plant and equipment [line items] | ||
Additions other than through business combinations, property, plant and equipment | $ 89,597,179 | $ 99,798,593 |
Depreciation on property, plant and equipment | 77,925,179 | 87,158,682 |
Increase decrease through net exchange differences property, plant and equipment | $ 26,156,932 | $ 18,829,920 |
Income Taxes - Summary of Compo
Income Taxes - Summary of Composition of Income Tax Expense (Detail) - MXN ($) $ in Thousands | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Current period income tax | $ 36,182,909 | $ 39,557,635 | |
Deferred income tax | (7,070,405) | (3,900,303) | |
Income tax expense | 29,112,504 | 35,657,332 | [1] |
Foreign [member] | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Income tax of foreign discontinued operations | $ 0 | $ 0 | |
[1]Restated for discontinued operations. |
Income Taxes - Summary of Defer
Income Taxes - Summary of Deferred Tax Related to Items Recognized in OCI (Detail) - MXN ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Major components of tax expense (income) [abstract] | ||
Equity investments at fair value | $ 3,714,808 | $ 7,400,822 |
Deferred tax benefit recognized in OCI | $ 3,714,808 | $ 7,400,822 |
Income Taxes - Additional Infor
Income Taxes - Additional Information (Detail) - MXN ($) $ in Thousands | 9 Months Ended | 12 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2023 | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Income tax expense | $ 29,112,504 | $ 35,657,332 | [1] | |
Decrease in effective income tax rate | 32.07% | 35.75% | ||
Percentage of legal rate | 30% | |||
Updated Effective Tax Rate [Member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Effective tax rate | 33% | |||
Excluding income tax of foreign discontinued operations [member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Income tax expense | $ 35,657,332 | |||
Retained earnings [member] | ||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||||
Deferred Tax Liability Asset | $ 2,315,646 | $ 16,498,136 | ||
[1]Restated for discontinued operations. |
Debt - Summary of Short- and Lo
Debt - Summary of Short- and Long-Term Debt (Detail) - MXN ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2023 | Dec. 31, 2022 | |
Disclosure of detailed information about borrowings [line items] | ||
Total Debt | $ 507,043,629 | $ 510,589,480 |
Less: Short-term debt and current portion of long-term debt | 152,921,592 | 102,024,414 |
Long-term debt | 354,122,037 | 408,565,066 |
Lines of credit [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total Debt | 12,653,000 | 71,560,000 |
Less: Short-term debt and current portion of long-term debt | 67,581,542 | 65,325,561 |
Line of credit and others [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total Debt | 76,953,819 | 71,560,463 |
U.S. dollars [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total Debt | $ 150,624,187 | $ 164,945,155 |
U.S. dollars [member] | Fixed-rate Senior notes interest rate 3.625% maturing 2029 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 3.625% | 3.625% |
Borrowings maturity | 2029 | 2029 |
Total Debt | $ 17,728,700 | $ 19,414,300 |
U.S. dollars [member] | Fixed-rate Senior notes interest rate 2.875% maturing 2030 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 2.875% | 2.875% |
Borrowings maturity | 2030 | 2030 |
Total Debt | $ 17,728,700 | $ 19,414,300 |
U.S. dollars [member] | Fixed rate senior notes interest rate 4.700% maturing 2032 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 4.70% | 4.70% |
Borrowings maturity | 2032 | 2032 |
Total Debt | $ 13,296,525 | $ 14,560,725 |
U.S. dollars [member] | Fixed-rate Senior notes interest rate 6.375% maturing 2035 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 6.375% | 6.375% |
Borrowings maturity | 2035 | 2035 |
Total Debt | $ 17,397,705 | $ 19,051,835 |
U.S. dollars [member] | Fixed-rate Senior notes interest rate 6.125% maturing 2037 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 6.125% | 6.125% |
Borrowings maturity | 2037 | 2037 |
Total Debt | $ 6,545,879 | $ 7,168,245 |
U.S. dollars [member] | Fixed-rate Senior notes interest rate 6.125% maturing 2040 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 6.125% | 6.125% |
Borrowings maturity | 2040 | 2040 |
Total Debt | $ 35,377,798 | $ 38,741,430 |
U.S. dollars [member] | Fixed Rate Senior Notes Interest Rate 4.375% Maturing 2042 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 4.375% | 4.375% |
Borrowings maturity | 2042 | 2042 |
Total Debt | $ 20,388,005 | $ 22,326,445 |
U.S. dollars [member] | Fixed-rate Senior notes interest rate 4.375% maturing 2049 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 4.375% | 4.375% |
Borrowings maturity | 2049 | 2049 |
Total Debt | $ 22,160,875 | $ 24,267,875 |
U.S. dollars [member] | Lines of credit [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 5.05% | |
Borrowings maturity | 2023 | |
Total Debt | $ 491,750 | |
Mexican pesos [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total Debt | $ 83,377,777 | $ 53,554,397 |
Mexican pesos [member] | Domestic senior notes interest rate 0.020% maturing 2024 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 0.02% | |
Interbank certificate of deposit interest rate basis | TIIE + 0.020% | |
Borrowings maturity | 2024 | |
Total Debt | $ 1,356,693 | |
Mexican pesos [member] | Domestic senior notes interest rate 0.050% maturing 2024 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 0.05% | 0.05% |
Interbank certificate of deposit interest rate basis | TIIE + 0.050% | TIIE + 0.050% |
Borrowings maturity | 2024 | 2024 |
Total Debt | $ 1,920,231 | $ 1,920,231 |
Mexican pesos [member] | Fixed Rate Senior Notes Interest Rate 7.125% Maturing 2024 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 7.125% | 7.125% |
Borrowings maturity | 2024 | 2024 |
Total Debt | $ 11,000,000 | $ 11,000,000 |
Mexican pesos [member] | Domestic Senior Notes Interest Rate 0.000% Maturing 2025 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 0% | 0% |
Borrowings maturity | 2025 | 2025 |
Total Debt | $ 5,851,519 | $ 5,683,928 |
Mexican pesos [member] | Domestic Senior Notes Interest Rate 0.300% Maturing 2025 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 0.30% | 0.30% |
Interbank certificate of deposit interest rate basis | TIIE + 0.300% | TIIE + 0.300% |
Borrowings maturity | 2025 | 2025 |
Total Debt | $ 335,731 | $ 335,731 |
Mexican pesos [member] | Domestic Senior Notes Interest Rate 0.300% Maturing 2025 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 0.30% | |
Interbank certificate of deposit interest rate basis | TIIE + 0.300% | |
Borrowings maturity | 2025 | |
Total Debt | $ 73,688 | |
Mexican pesos [member] | Domestic senior notes interest rate 9.350% maturing 2028 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 9.35% | |
Borrowings maturity | 2028 | |
Total Debt | $ 11,016,086 | |
Mexican pesos [member] | Domestic Senior Notes Interest Rate 9.500% Maturing 2031 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 9.50% | 9.52% |
Borrowings maturity | 2031 | 2032 |
Total Debt | $ 17,000,000 | $ 14,679,166 |
Mexican pesos [member] | Fixed Rate Senior Notes Interest Rate 8.460% Maturing 2036 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 8.46% | 8.46% |
Borrowings maturity | 2036 | 2036 |
Total Debt | $ 7,871,700 | $ 7,871,700 |
Mexican pesos [member] | Domestic Senior Notes Interest Rate 8.360% Maturing 2037 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 8.36% | 8.36% |
Borrowings maturity | 2037 | 2037 |
Total Debt | $ 4,964,352 | $ 4,964,352 |
Mexican pesos [member] | Domestic Senior Notes Interest Rate 4.840% Maturing 2037 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 4.84% | 4.84% |
Borrowings maturity | 2037 | 2037 |
Total Debt | $ 7,308,611 | $ 7,099,289 |
Mexican pesos [member] | Lines of credit [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings maturity | 2023 | |
Total Debt | $ 56,280,000 | $ 43,580,000 |
Mexican pesos [member] | Domestic Senior Notes Interest Rate 9.520% Maturing 2032 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 9.52% | |
Borrowings maturity | 2032 | |
Total Debt | $ 14,679,166 | |
Mexican pesos [member] | Bottom of range [member] | Lines of credit [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 0.30% | 0.28% |
Borrowings maturity | 2023 | |
Mexican pesos [member] | Top of range [member] | Lines of credit [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 0.78% | 0.58% |
Borrowings maturity | 2024 | |
Euros [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total Debt | $ 114,882,469 | $ 129,358,533 |
Euros [member] | Commercial Paper Four Interest Rate 3.830%% Maturing 2023 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 3.83% | |
Borrowings maturity | 2023 | |
Total Debt | $ 937,228 | |
Euros [member] | Commercial Paper Four Interest Rate 3.830%% Maturing 2023 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 3.83% | |
Borrowings maturity | 2023 | |
Total Debt | $ 749,782 | |
Euros [member] | Commercial Paper Four Interest Rate 3.820% Maturing 2023 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 3.82% | |
Borrowings maturity | 2023 | |
Total Debt | $ 937,228 | |
Euros [member] | Commercial Paper Four Interest Rate 3.830%% Maturing 2023 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 3.83% | |
Borrowings maturity | 2023 | |
Total Debt | $ 468,614 | |
Euros [member] | Commercial Paper Four Interest Rate 3.830%% Maturing 2023 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 3.83% | |
Borrowings maturity | 2023 | |
Total Debt | $ 468,614 | |
Euros [member] | Commercial Paper Four Interest Rate 3.850%% Maturing 2023 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 3.85% | |
Borrowings maturity | 2023 | |
Total Debt | $ 880,994 | |
Euros [member] | Commercial Paper Four Interest Rate 3.840% Maturing 2023 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 3.84% | |
Borrowings maturity | 2023 | |
Total Debt | $ 468,614 | |
Euros [member] | Commercial Paper Four Interest Rate 3.850% Maturing 2023 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 3.85% | |
Borrowings maturity | 2023 | |
Total Debt | $ 468,614 | |
Euros [member] | Commercial Paper Four Interest Rate 3.870%% Maturing 2023 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 3.87% | |
Borrowings maturity | 2023 | |
Total Debt | $ 656,059 | |
Euros [member] | Fixed rate senior notes interest rate 3.500% maturing 2023 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 3.50% | |
Borrowings maturity | 2023 | |
Total Debt | $ 6,234,902 | |
Euros [member] | Fixed rate senior notes interest rate 3.259% maturing 2023 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 3.259% | |
Borrowings maturity | 2023 | |
Total Debt | $ 15,587,256 | |
Euros [member] | Fixed rate senior notes interest rate 1.500% maturing 2024 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 1.50% | 1.50% |
Borrowings maturity | 2024 | 2024 |
Total Debt | $ 15,932,871 | $ 17,665,557 |
Euros [member] | Fixed rate senior notes interest rate 1.500% maturing 2026 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 1.50% | 1.50% |
Borrowings maturity | 2026 | 2026 |
Total Debt | $ 14,058,416 | $ 15,587,256 |
Euros [member] | Fixed rate senior notes interest rate 0.750% maturing 2027 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 0.75% | 0.75% |
Borrowings maturity | 2027 | 2027 |
Total Debt | $ 14,167,790 | $ 15,708,525 |
Euros [member] | Fixed rate senior notes interest rate 2.125% maturing 2028 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 2.125% | 2.125% |
Borrowings maturity | 2028 | 2028 |
Total Debt | $ 11,179,440 | $ 12,395,194 |
Euros [member] | Lines of credit [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest basis | Euribor 1M + 1.3% / 4.150% - 5.195% | |
Total Debt | $ 12,652,574 | $ 17,052,458 |
Euros [member] | Lines of credit [member] | Euribor [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate adjustment | 1.30% | |
Euros [member] | Exchangable Bonds Interest Rate 0.000% Maturing 2024 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 0% | 0% |
Borrowings maturity | 2024 | 2024 |
Total Debt | $ 37,856,502 | $ 43,581,968 |
Euros [member] | Commercial Paper Four Interest Rate 2.010% Maturing 2023 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 2.01% | |
Borrowings maturity | 2023 | |
Total Debt | $ 1,039,150 | |
Euros [member] | Commercial Paper Four Interest Rate 2.270% Maturing 2023 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 2.27% | |
Borrowings maturity | 2023 | |
Total Debt | $ 519,575 | |
Euros [member] | Commercial Paper Four Interest Rate 2.150% Maturing 2023 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 2.15% | |
Borrowings maturity | 2023 | |
Total Debt | $ 519,575 | |
Euros [member] | Commercial Paper Four Interest Rate 3.870% Maturing 2023 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 3.87% | |
Borrowings maturity | 2023 | |
Total Debt | $ 937,228 | |
Euros [member] | Commercial Paper Four Interest Rate 3.960% Maturing 2023 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 3.96% | |
Borrowings maturity | 2023 | |
Total Debt | $ 281,168 | |
Euros [member] | Commercial Paper Four Interest Rate 3.950% Maturing 2023 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 3.95% | |
Borrowings maturity | 2023 | |
Total Debt | $ 937,228 | |
Euros [member] | Commercial Paper Four Interest Rate 3.970% Maturing 2023 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 3.97% | |
Borrowings maturity | 2023 | |
Total Debt | $ 656,059 | |
Euros [member] | Commercial Paper Four Interest Rate 4.030% Maturing 2023 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 4.03% | |
Borrowings maturity | 2023 | |
Total Debt | $ 937,228 | |
Euros [member] | Commercial Paper Four Interest Rate 4.030% Maturing 2023 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 4.03% | |
Borrowings maturity | 2023 | |
Total Debt | $ 468,614 | |
Euros [member] | Commercial Paper Four Interest Rate 4.140% Maturing 2023 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 4.14% | |
Borrowings maturity | 2023 | |
Total Debt | $ 187,446 | |
Euros [member] | Commercial Paper Four Interest Rate 3.950% Maturing 2023 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 3.95% | |
Borrowings maturity | 2023 | |
Total Debt | $ 937,228 | |
Euros [member] | Commercial Paper Four Interest Rate 3.950% Maturing 2023 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 3.95% | |
Borrowings maturity | 2023 | |
Total Debt | $ 656,059 | |
Euros [member] | Commercial Paper Four Interest Rate 2.020% Maturing 2023 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 2.02% | |
Borrowings maturity | 2023 | |
Total Debt | $ 519,575 | |
Euros [member] | Commercial Paper Four Interest Rate 4.110% Maturing 2023 [Member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 4.11% | |
Borrowings maturity | 2024 | |
Total Debt | $ 281,168 | |
Euros [member] | Fixed rate senior notes interest rate 5.250% maturing 2028 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 5.25% | |
Borrowings maturity | 2028 | |
Total Debt | $ 9,372,277 | |
Euros [member] | Bottom of range [member] | Lines of credit [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 4.15% | 2.083% |
Borrowings maturity | 2023 | 2023 |
Euros [member] | Top of range [member] | Lines of credit [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 5.195% | 2.65% |
Borrowings maturity | 2028 | 2024 |
Pound sterling [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total Debt | $ 47,579,931 | $ 51,608,257 |
Pound sterling [member] | Fixed rate senior notes interest rate 5.000% maturing 2026 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 5% | 5% |
Borrowings maturity | 2026 | 2026 |
Total Debt | $ 10,813,621 | $ 11,729,149 |
Pound sterling [member] | Fixed rate senior notes interest rate 5.750% maturing 2030 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 5.75% | 5.75% |
Borrowings maturity | 2030 | 2030 |
Total Debt | $ 14,057,707 | $ 15,247,894 |
Pound sterling [member] | Fixed rate senior notes interest rate 4.948% maturing 2033 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 4.948% | 4.948% |
Borrowings maturity | 2033 | 2033 |
Total Debt | $ 6,488,172 | $ 7,037,490 |
Pound sterling [member] | Fixed rate senior notes interest rate 4.375% maturing 2041 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 4.375% | 4.375% |
Borrowings maturity | 2041 | 2041 |
Total Debt | $ 16,220,431 | $ 17,593,724 |
Brazilian reais [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total Debt | $ 28,499,887 | $ 33,673,729 |
Brazilian reais [member] | Lines of credit [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 13.32% | |
Borrowings maturity | 2023 | |
Total Debt | $ 6,105,177 | |
Brazilian reais [member] | Debenture CDI + 1.350% Maturing 2026 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 1.35% | |
Interbank certificate of deposit interest rate basis | CDI + 1.350% | |
Borrowings maturity | 2026 | |
Total Debt | $ 5,310,538 | |
Brazilian reais [member] | Promissory Note CDI + 1.000% maturing 2023 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 1% | 1% |
Interbank certificate of deposit interest rate basis | CDI + 1.000% | CDI + 1.000% |
Borrowings maturity | 2023 | 2023 |
Total Debt | $ 2,832,287 | $ 2,976,683 |
Brazilian reais [member] | Debenture CDI + 1.400% Maturing 2024 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 1.40% | 1.40% |
Interbank certificate of deposit interest rate basis | CDI + 1.400% | CDI + 1.400% |
Borrowings maturity | 2024 | 2024 |
Total Debt | $ 15,046,524 | $ 15,813,630 |
Brazilian reais [member] | Debenture CDI + 1.370% Maturing 2025 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 1.37% | 1.37% |
Interbank certificate of deposit interest rate basis | CDI + 1.370% | CDI + 1.370% |
Borrowings maturity | 2025 | 2025 |
Total Debt | $ 5,310,538 | $ 5,581,281 |
Brazilian reais [member] | Debenture CDI + 1.350% Maturing 2023 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 1.35% | |
Interbank certificate of deposit interest rate basis | CDI + 1.350% | |
Borrowings maturity | 2023 | |
Total Debt | $ 9,302,135 | |
Japanese yen [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total Debt | $ 1,542,968 | $ 1,924,847 |
Japanese yen [member] | Fixed rate senior notes interest rate 2.950% maturing 2039 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 2.95% | 2.95% |
Borrowings maturity | 2039 | 2039 |
Total Debt | $ 1,542,968 | $ 1,924,847 |
Chilean pesos [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total Debt | $ 3,582,591 | $ 3,964,099 |
Chilean pesos [member] | Fixed rate senior notes interest rate 3.961% maturing 2035 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 4% | |
Borrowings maturity | 2035 | |
Total Debt | $ 3,964,099 | |
Chilean pesos [member] | Fixed rate senior notes interest rate 4.000% maturing 2035 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 4% | |
Borrowings maturity | 2035 | |
Total Debt | $ 3,582,591 | |
Other currencies [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Total Debt | 5,125,559 | 5,888,946 |
Less: Short-term debt and current portion of long-term debt | 152,921,592 | 102,024,414 |
Long-term debt | $ 354,122,037 | $ 408,565,066 |
Other currencies [member] | Lines of credit [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 11% | |
Borrowings maturity | 2023 | |
Total Debt | $ 23,543 | |
Peruvian Soles [Member] | Lines of credit [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 6% | |
Borrowings maturity | 2024 | 2023 |
Total Debt | $ 8,021,245 | $ 4,142,056 |
Peruvian Soles [Member] | Bottom of range [member] | Lines of credit [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 7.94% | |
Peruvian Soles [Member] | Top of range [member] | Lines of credit [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 8.01% | |
Colombia, Pesos | Lines of credit [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Borrowings interest rate | 2.25% | |
Interbank certificate of deposit interest rate basis | IBR + 2.25 | |
Borrowings maturity | 2023 | |
Total Debt | $ 165,479 |
Debt - Additional Information (
Debt - Additional Information (Detail) $ in Thousands, € in Millions, $ in Millions | 9 Months Ended | 12 Months Ended | ||||
Jul. 21, 2023 EUR (€) | Sep. 30, 2023 MXN ($) | Dec. 31, 2022 MXN ($) | Sep. 30, 2023 EUR (€) | Sep. 30, 2023 USD ($) | Aug. 31, 2020 EUR (€) | |
Disclosure of detailed information about borrowings [line items] | ||||||
Weighted average cost of borrowed funds | 5.98% | 5.38% | ||||
Subtotal lines of credit and others | $ 507,043,629 | $ 510,589,480 | ||||
Euros [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Subtotal lines of credit and others | 114,882,469 | 129,358,533 | ||||
Revolving Syndicated Credit Facility One [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Loan amount | $ 1,500 | |||||
Revolving Syndicated Credit Facility Two [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Loan amount | $ 2,500 | |||||
Syndicated revolving credit facilities [member] | Telekom Austria [member] | Euros [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Loan amount | € | € 1,000 | |||||
Lines of credit [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Subtotal lines of credit and others | 12,653,000 | 71,560,000 | ||||
Lines of credit [member] | Euros [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Subtotal lines of credit and others | 12,652,574 | 17,052,458 | ||||
Commercial Paper [member] | Commercial Paper One Two Three And Four Maturing In Two Thousand And Twenty Three [Member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Commercial papers issued | 12,315,000 | € 2,000 | ||||
Line of credit and others [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Subtotal lines of credit and others | $ 76,953,819 | 71,560,463 | ||||
Fixed rate senior notes interest rate 3.259% maturing 2023 [member] | Euros [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Subtotal lines of credit and others | $ 15,587,256 | |||||
Principal amount of debt matured | € | € 750 | |||||
Mexico [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Commissions or the reimbursements for Mexican tax withholdings | 4.90% |
Debt - Summary of Short Term De
Debt - Summary of Short Term Debt Maturities (Detail) - MXN ($) $ in Thousands | 9 Months Ended | 12 Months Ended |
Sep. 30, 2023 | Dec. 31, 2022 | |
Disclosure of detailed information about borrowings [line items] | ||
Short-term debt | $ 152,921,592 | $ 102,024,414 |
Weighted-average interest rate | 7.11% | 8.50% |
Senior Notes 1 [member] | Obligations and senior notes [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Short-term debt | $ 85,340,050 | $ 36,698,853 |
Lines of credit [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Short-term debt | 67,581,542 | 65,325,561 |
Finance Leases [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Short-term debt | $ 0 | $ 0 |
Debt - Summary of Long Term Deb
Debt - Summary of Long Term Debt Maturities (Detail) - MXN ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Disclosure of detailed information about borrowings [line items] | ||
Long-term debt | $ 354,122,037 | $ 408,565,066 |
2024 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Long-term debt | 12,920,231 | |
2025 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Long-term debt | 11,571,475 | |
2026 [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Long-term debt | 30,182,574 | |
2027 and thereafter [member] | ||
Disclosure of detailed information about borrowings [line items] | ||
Long-term debt | $ 299,447,757 |
Debt - Summary of Senior Notes
Debt - Summary of Senior Notes Outstanding (Detail) - MXN ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Disclosure of Senior Notes Outstanding [Line Items] | ||
Borrowings | $ 507,043,629 | $ 510,589,480 |
U.S. dollars [member] | ||
Disclosure of Senior Notes Outstanding [Line Items] | ||
Borrowings | 150,624,187 | 164,945,155 |
Mexican pesos [member] | ||
Disclosure of Senior Notes Outstanding [Line Items] | ||
Borrowings | 83,377,777 | 53,554,397 |
Euros [member] | ||
Disclosure of Senior Notes Outstanding [Line Items] | ||
Borrowings | 114,882,469 | 129,358,533 |
Pound sterling [member] | ||
Disclosure of Senior Notes Outstanding [Line Items] | ||
Borrowings | 47,579,931 | 51,608,257 |
Brazilian reais [member] | ||
Disclosure of Senior Notes Outstanding [Line Items] | ||
Borrowings | 28,499,887 | 33,673,729 |
Japanese yen [member] | ||
Disclosure of Senior Notes Outstanding [Line Items] | ||
Borrowings | 1,542,968 | 1,924,847 |
Chilean pesos [member] | ||
Disclosure of Senior Notes Outstanding [Line Items] | ||
Borrowings | 3,582,591 | 3,964,099 |
Senior Notes 1 [member] | U.S. dollars [member] | ||
Disclosure of Senior Notes Outstanding [Line Items] | ||
Borrowings | 150,624,187 | 164,945,155 |
Senior Notes 1 [member] | Mexican pesos [member] | ||
Disclosure of Senior Notes Outstanding [Line Items] | ||
Borrowings | 83,377,777 | 53,554,397 |
Senior Notes 1 [member] | Euros [member] | ||
Disclosure of Senior Notes Outstanding [Line Items] | ||
Borrowings | 114,882,469 | 129,358,533 |
Senior Notes 1 [member] | Pound sterling [member] | ||
Disclosure of Senior Notes Outstanding [Line Items] | ||
Borrowings | 47,579,931 | 51,608,257 |
Senior Notes 1 [member] | Brazilian reais [member] | ||
Disclosure of Senior Notes Outstanding [Line Items] | ||
Borrowings | 28,499,887 | 33,673,729 |
Senior Notes 1 [member] | Japanese yen [member] | ||
Disclosure of Senior Notes Outstanding [Line Items] | ||
Borrowings | 1,542,968 | 1,924,847 |
Senior Notes 1 [member] | Chilean pesos [member] | ||
Disclosure of Senior Notes Outstanding [Line Items] | ||
Borrowings | $ 3,582,591 | $ 3,964,099 |
Financial Assets and Liabilit_3
Financial Assets and Liabilities - Summary of Categorization of Financial Instruments, Excluding Cash and Cash Equivalents (Detail) - MXN ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Financial Assets: | ||
Financial Assets | $ 324,827,314 | $ 344,892,278 |
Financial Liabilities: | ||
Financial Liabilities | 633,179,177 | 648,038,187 |
Loans and receivables [member] | ||
Financial Assets: | ||
Financial Assets | 170,295,834 | 163,488,725 |
Loans and receivables [member] | Related parties [member] | ||
Financial Assets: | ||
Financial Assets | 1,395,450 | 2,287,213 |
Fair value through profit or loss [member] | ||
Financial Assets: | ||
Financial Assets | 1,779,953 | 2,602,680 |
Fair value through OCI [member] | ||
Financial Assets: | ||
Financial Assets | 83,138,508 | 95,409,260 |
Equity investments at fair value through OCI and other short term investments [member] | ||
Financial Assets: | ||
Financial Assets | 74,517,951 | 88,428,111 |
Equity investments at fair value through OCI and other short term investments [member] | Fair value through OCI [member] | ||
Financial Assets: | ||
Financial Assets | 68,627,966 | 88,428,111 |
Accounts receivable from subscribers distributors contractual assets and other net [member] | Loans and receivables [member] | ||
Financial Assets: | ||
Financial Assets | 163,010,399 | 161,201,512 |
Financial instruments, class [member] | ||
Financial Assets: | ||
Financial Assets | 1,779,953 | 2,602,680 |
Financial instruments, class [member] | Fair value through profit or loss [member] | ||
Financial Assets: | ||
Financial Assets | 1,779,953 | 2,602,680 |
Liability Related to Right of Use of Assets [Member] | ||
Financial Liabilities: | ||
Financial Liabilities | 131,467,840 | 134,148,811 |
Total Current Assets [Member] | Loans and receivables [member] | ||
Financial Assets: | ||
Financial Assets | 170,295,834 | 163,488,725 |
Total Current Assets [Member] | Fair value through profit or loss [member] | ||
Financial Assets: | ||
Financial Assets | 1,779,953 | 2,602,680 |
Total Current Assets [Member] | Fair value through OCI [member] | ||
Financial Assets: | ||
Financial Assets | 68,627,966 | 88,428,111 |
Debt Instruments At Fair Value Through OCI [Member] | Fair value through OCI [member] | ||
Financial Assets: | ||
Financial Assets | 14,510,542 | 6,981,149 |
Loans and receivables [member] | ||
Financial Liabilities: | ||
Financial Liabilities | 813,946,131 | 826,435,278 |
Loans and receivables [member] | Related parties [member] | ||
Financial Liabilities: | ||
Financial Liabilities | 6,037,132 | 7,224,218 |
Loans and receivables [member] | Equity investments at fair value through OCI and other short term investments [member] | Loans and receivables [member] | ||
Financial Assets: | ||
Financial Assets | 5,889,985 | |
Loans and receivables [member] | Debt [Member] | ||
Financial Liabilities: | ||
Financial Liabilities | 507,043,629 | 510,589,480 |
Loans and receivables [member] | Accounts payable [Member] | ||
Financial Liabilities: | ||
Financial Liabilities | 169,397,530 | 174,472,769 |
Loans and receivables [member] | Liability Related to Right of Use of Assets [Member] | ||
Financial Liabilities: | ||
Financial Liabilities | 131,467,840 | 134,148,811 |
Fair value through profit or loss [Member] | ||
Financial Liabilities: | ||
Financial Liabilities | 24,499,284 | 25,331,346 |
Fair value through profit or loss [Member] | Financial instruments, class [member] | ||
Financial Liabilities: | ||
Financial Liabilities | $ 24,499,284 | $ 25,331,346 |
Financial Assets and Liabilit_4
Financial Assets and Liabilities - Summary of Fair Value for Financial Assets (Excluding Cash and Cash Equivalents) and Financial Liabilities (Detail) - MXN ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
Assets: | ||
Financial Assets | $ 324,827,314 | $ 344,892,278 |
Current derivative financial assets | 310,316,772 | 337,911,129 |
Liabilities: | ||
Financial Liabilities | 633,179,177 | 648,038,187 |
Debt [member] | ||
Liabilities: | ||
Financial Liabilities | 477,212,053 | 488,558,030 |
Financial instruments, class [member] | ||
Assets: | ||
Financial Assets | 1,779,953 | 2,602,680 |
Equity investments at fair value through OCI and other short term investments [member] | ||
Assets: | ||
Financial Assets | 74,517,951 | 88,428,111 |
Pension plan assets [member] | ||
Assets: | ||
Financial Assets | 206,205,923 | 208,526,619 |
Derivative Financial Instruments [Member] | ||
Liabilities: | ||
Financial Liabilities | 24,499,284 | 25,331,346 |
Liability Related to Right of Use of Assets [Member] | ||
Liabilities: | ||
Financial Liabilities | 131,467,840 | 134,148,811 |
Revalued Of Assets [Member] | ||
Assets: | ||
Financial Assets | 27,812,945 | 38,353,719 |
Debt Instruments At Fair Value Through OCI [Member] | ||
Assets: | ||
Equity investments at fair value through OCI and other short-term investments | 14,510,542 | 6,981,149 |
Level 1 [member] | ||
Assets: | ||
Financial Assets | 265,532,404 | 281,257,799 |
Current derivative financial assets | 260,499,807 | 281,257,799 |
Liabilities: | ||
Financial Liabilities | 481,122,722 | 505,858,206 |
Level 1 [member] | Debt [member] | ||
Liabilities: | ||
Financial Liabilities | 349,654,882 | 371,709,395 |
Level 1 [member] | Equity investments at fair value through OCI and other short term investments [member] | ||
Assets: | ||
Financial Assets | 68,627,966 | 88,428,111 |
Level 1 [member] | Pension plan assets [member] | ||
Assets: | ||
Financial Assets | 191,871,841 | 192,829,688 |
Level 1 [member] | Liability Related to Right of Use of Assets [Member] | ||
Liabilities: | ||
Financial Liabilities | 131,467,840 | 134,148,811 |
Level 1 [member] | Debt Instruments At Fair Value Through OCI [Member] | ||
Assets: | ||
Equity investments at fair value through OCI and other short-term investments | 5,032,597 | |
Level 2 [member] | ||
Assets: | ||
Financial Assets | 25,556,120 | 25,241,490 |
Current derivative financial assets | 16,078,175 | 18,260,341 |
Liabilities: | ||
Financial Liabilities | 152,056,455 | 142,179,981 |
Level 2 [member] | Debt [member] | ||
Liabilities: | ||
Financial Liabilities | 127,557,171 | 116,848,635 |
Level 2 [member] | Financial instruments, class [member] | ||
Assets: | ||
Financial Assets | 1,779,953 | 2,602,680 |
Level 2 [member] | Pension plan assets [member] | ||
Assets: | ||
Financial Assets | 14,298,222 | 15,657,661 |
Level 2 [member] | Derivative Financial Instruments [Member] | ||
Liabilities: | ||
Financial Liabilities | 24,499,284 | 25,331,346 |
Level 2 [member] | Debt Instruments At Fair Value Through OCI [Member] | ||
Assets: | ||
Equity investments at fair value through OCI and other short-term investments | 9,477,945 | 6,981,149 |
Level 3 [member] | ||
Assets: | ||
Financial Assets | 33,738,790 | 38,392,989 |
Current derivative financial assets | 33,738,790 | 38,392,989 |
Level 3 [member] | Equity investments at fair value through OCI and other short term investments [member] | ||
Assets: | ||
Financial Assets | 5,889,985 | |
Level 3 [member] | Pension plan assets [member] | ||
Assets: | ||
Financial Assets | 35,860 | 39,270 |
Level 3 [member] | Revalued Of Assets [Member] | ||
Assets: | ||
Financial Assets | $ 27,812,945 | $ 38,353,719 |
Financial Assets and Liabilit_5
Financial Assets and Liabilities - Additional Information (Detail) - MXN ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2023 | Sep. 30, 2022 | |
Disclosure of detailed information about financial instruments [line items] | ||
Transfers out of Level 1, Level 2 and Level 3 of fair value hierarchy | $ 0 | $ 0 |
Level 2 [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Net realized gains (losses) related to derivative financial instruments | $ (9,051,611) | $ (1,444,143) |
Shareholders' Equity - Addition
Shareholders' Equity - Additional Information (Detail) - MXN ($) $ / shares in Units, $ in Thousands | 9 Months Ended | 12 Months Ended | ||||
Nov. 13, 2023 | Jul. 17, 2023 | Apr. 27, 2023 | Apr. 20, 2022 | Sep. 30, 2023 | Dec. 31, 2022 | |
Disclosure of classes of share capital [line items] | ||||||
Capital requirements | $ 238,749 | |||||
Number of shares issued | 63,220,260,000 | |||||
Number of shares outstanding | 63,325,000,000 | |||||
Number of treasury shares held | 341,260,000 | 56,000,000 | ||||
Dividends paid | $ 0.46 | |||||
Periodic payment of dividend | $ 0.23 | $ 0.23 | ||||
Legal reserve | $ 358,440 | $ 358,440 | ||||
Amount of Mexican withholding tax | 10% | |||||
Legal reserve [member] | ||||||
Disclosure of classes of share capital [line items] | ||||||
Legal reserve as a percentage of capital stock | 20% | |||||
Bottom of range [member] | Legal reserve [member] | ||||||
Disclosure of classes of share capital [line items] | ||||||
Percentage of net profit to be allocated to legal reserve | 5% | |||||
Capital Stock Class Aa [member] | ||||||
Disclosure of classes of share capital [line items] | ||||||
Number of shares outstanding | 20,554,697,460 | 20,554,697,460 | ||||
Dividends paid | $ 0.44 | |||||
Capital Stock Class A [member] | ||||||
Disclosure of classes of share capital [line items] | ||||||
Number of shares outstanding | 488,283,894 | 488,283,894 | ||||
Dividends paid | 0.44 | |||||
Capital Stock Class L [member] | ||||||
Disclosure of classes of share capital [line items] | ||||||
Number of shares outstanding | 42,282,018,646 | 42,282,018,646 | ||||
Dividends paid | $ 0.44 | |||||
Capital Stock Class B [Member] | ||||||
Disclosure of classes of share capital [line items] | ||||||
Number of shares outstanding | 62,879,000,000 |
Components of other comprehen_3
Components of other comprehensive loss - Summary of Movement on Components of Other Comprehensive Loss (Detail) - MXN ($) $ in Thousands | 9 Months Ended | ||
Sep. 30, 2023 | Sep. 30, 2022 | ||
Controlling interest: | |||
Unrealized loss on equity investments at fair value, net of deferred taxes | $ (3,630,663) | $ (5,699,392) | [1] |
Translation effect by discontinued operations | (1,750,472) | ||
Total equity attributable to equity holders of the parent [member] | |||
Controlling interest: | |||
Unrealized loss on equity investments at fair value, net of deferred taxes | (3,630,663) | (5,699,392) | |
Translation effect of foreign entities | (25,259,730) | (23,903,935) | |
Translation effect by discontinued operations | (1,750,472) | ||
Remeasurement of defined benefit plan, net of deferred taxes | 294,922 | ||
Non-controlling interest of the items above | (2,254,566) | (4,679,057) | |
Other comprehensive loss | $ (31,144,959) | $ (35,737,934) | |
[1]Restated for discontinued operations. |
Valuation of derivatives intere
Valuation of derivatives interest cost from labor obligations and other financial items net - Schedule of Valuation of Derivatives and Other Financial Items (Detail) - MXN ($) $ in Thousands | 9 Months Ended | |||
Sep. 30, 2023 | Sep. 30, 2022 | |||
Disclosure of detailed information about financial instruments [abstract] | ||||
Loss in valuation of derivatives, net | $ (14,583,677) | $ (33,682,405) | ||
Capitalized interest income | 998,616 | 1,149,241 | ||
Commissions | (854,342) | (770,028) | ||
Interest cost of labor obligations | (10,373,166) | (9,287,660) | ||
Dividend received | 3,884,554 | 5,433,823 | ||
Gain on net monetary positions | 12,310,469 | 9,773,317 | ||
Contractual earn-out Verizon | 1,345,103 | 2,298,533 | ||
Impairment to accounts receivable – ClaroVTR | (8,238,393) | |||
Impairment to investment – ClaroVTR | (4,677,782) | |||
TracFone contractual compensation | (647,013) | |||
DISH uncollectible allowance | (613,515) | |||
Dividend prescription America Movil | 885,877 | |||
Other financial cost | [1] | 136,422 | 497,828 | |
Total | $ (21,312,724) | $ (23,701,474) | [2] | |
[1]Excludes discontinued operations of Chile and Panama (See Note 2b)[2]Restated for discontinued operations. |
Segments - Additional Informati
Segments - Additional Information (Detail) - Operating segments [member] | 9 Months Ended |
Sep. 30, 2023 | |
Disclosure of Operating Segments [Line Items] | |
Percentage of entity revenue | 10% |
Percentage of taxable profit | 10% |
Percentage of consolidated assets | 10% |
Segments - Summary of Operating
Segments - Summary of Operating Segments (Detail) - MXN ($) $ in Thousands | 9 Months Ended | ||||
Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2022 | |||
Disclosure of Operating Segments [Line Items] | |||||
External revenues | $ 615,300,254 | $ 628,539,367 | |||
Total revenues | 615,300,254 | 628,539,367 | [1] | ||
Depreciation and amortization | 115,327,084 | 118,564,551 | [1] | ||
Operating income | 125,975,990 | 126,185,361 | |||
Interest income | 6,644,562 | 3,112,308 | [1] | ||
Interest expense | 32,294,735 | 30,940,340 | [1] | ||
Income tax | 29,112,504 | 35,657,332 | [1] | ||
Equity interest in net income (loss) of associated companies | (3,731,486) | 48,014 | |||
Net profit (loss) attributable to equity holders of the parent continues operations | 58,048,606 | 59,778,075 | [1] | ||
Net profit attributable to equity holders of the parent discontinued operations | 0 | 2,671,630 | [1] | ||
Net profit (loss) attributable to equity holders of the parent | 58,048,606 | 62,449,705 | |||
Assets by segment | 1,592,142,075 | 1,630,303,568 | $ 1,618,099,344 | ||
Plant, property and equipment, net | 605,775,298 | 624,738,341 | |||
Revalued of assets | 27,812,945 | 39,658,170 | |||
Goodwill | 146,593,836 | 143,330,328 | 141,121,365 | ||
Trademarks, net | 2,732,409 | 2,924,187 | |||
Licenses and rights, net | 100,482,069 | 112,920,618 | |||
Investments in associated companies | 16,010,740 | 3,142,178 | |||
Liabilities by segments | 1,167,597,954 | 1,198,747,154 | $ 1,180,270,071 | ||
Operating segments [member] | Mexico [member] | |||||
Disclosure of Operating Segments [Line Items] | |||||
External revenues | 183,326,820 | 173,172,999 | |||
Intersegment revenues | 7,282,073 | 6,693,842 | |||
Total revenues | 190,608,893 | 179,866,841 | |||
Depreciation and amortization | 19,854,926 | 19,630,572 | |||
Operating income | 62,193,205 | 56,239,177 | |||
Interest income | 19,632,757 | 13,450,786 | |||
Interest expense | 20,369,944 | 18,595,453 | |||
Income tax | 22,039,911 | 21,757,834 | |||
Equity interest in net income (loss) of associated companies | (3,797,172) | 34,540 | |||
Net profit (loss) attributable to equity holders of the parent continues operations | 53,728,501 | ||||
Net profit (loss) attributable to equity holders of the parent | 28,946,397 | 53,728,501 | |||
Assets by segment | 1,030,522,792 | 1,050,721,746 | |||
Plant, property and equipment, net | 46,104,250 | 49,659,959 | |||
Goodwill | 26,450,092 | 23,296,674 | |||
Trademarks, net | 109,232 | 106,771 | |||
Licenses and rights, net | 10,751,301 | 10,870,850 | |||
Investments in associated companies | 21,458,537 | 3,750,083 | |||
Liabilities by segments | 651,378,535 | 633,866,917 | |||
Operating segments [member] | Telmex [member] | |||||
Disclosure of Operating Segments [Line Items] | |||||
External revenues | 63,385,410 | 59,941,741 | |||
Intersegment revenues | 12,447,157 | 12,078,536 | |||
Total revenues | 75,832,567 | 72,020,277 | |||
Depreciation and amortization | 10,661,824 | 9,815,473 | |||
Operating income | 9,478,594 | 9,804,633 | |||
Interest income | 1,090,456 | 555,563 | |||
Interest expense | 5,442,770 | 2,043,815 | |||
Income tax | (145,184) | 1,730,732 | |||
Equity interest in net income (loss) of associated companies | 28,384 | 22,459 | |||
Net profit (loss) attributable to equity holders of the parent continues operations | (1,981,977) | ||||
Net profit (loss) attributable to equity holders of the parent | (4,035,727) | (1,981,977) | |||
Assets by segment | 237,903,064 | 208,717,113 | |||
Plant, property and equipment, net | 145,781,937 | 128,057,776 | |||
Goodwill | 215,381 | 215,381 | |||
Trademarks, net | 95,212 | 126,442 | |||
Licenses and rights, net | 98,630 | 112,302 | |||
Investments in associated companies | 574,192 | 544,058 | |||
Liabilities by segments | 230,678,142 | 190,971,198 | |||
Operating segments [member] | Brazil [member] | |||||
Disclosure of Operating Segments [Line Items] | |||||
External revenues | 120,643,031 | 123,960,091 | |||
Intersegment revenues | 3,342,344 | 2,517,238 | |||
Total revenues | 123,985,375 | 126,477,329 | |||
Depreciation and amortization | 32,948,124 | 32,355,992 | |||
Operating income | 18,413,105 | 18,586,084 | |||
Interest income | 3,318,180 | 1,713,993 | |||
Interest expense | 19,273,742 | 17,643,103 | |||
Income tax | 654,368 | (107,876) | |||
Equity interest in net income (loss) of associated companies | 24,249 | 10,642 | |||
Net profit (loss) attributable to equity holders of the parent continues operations | 4,110,728 | ||||
Net profit (loss) attributable to equity holders of the parent | 4,346,285 | 4,110,728 | |||
Assets by segment | 388,792,356 | 401,470,870 | |||
Plant, property and equipment, net | 152,498,377 | 156,556,259 | |||
Revalued of assets | 0 | ||||
Goodwill | 29,800,253 | 31,068,497 | |||
Trademarks, net | 1,221 | ||||
Licenses and rights, net | 33,300,938 | 37,967,828 | |||
Investments in associated companies | 49,427 | 86,784 | |||
Liabilities by segments | 322,742,258 | 294,931,188 | |||
Operating segments [member] | Southern Cone [member] | |||||
Disclosure of Operating Segments [Line Items] | |||||
External revenues | [2] | 25,589,086 | 31,364,649 | ||
Intersegment revenues | [2] | 37,453 | (76,302) | ||
Total revenues | [2] | 25,626,539 | 31,288,347 | ||
Depreciation and amortization | [2] | 7,138,235 | 7,573,737 | ||
Operating income | [2] | 836,693 | 2,662,681 | ||
Interest income | [2] | 486,484 | 612,437 | ||
Interest expense | [2] | 1,474,895 | 2,199,390 | ||
Income tax | [2] | (2,325,567) | 1,532,415 | ||
Equity interest in net income (loss) of associated companies | [2] | (2,815) | (528) | ||
Net profit (loss) attributable to equity holders of the parent continues operations | [2] | 848,256 | |||
Net profit (loss) attributable to equity holders of the parent | [2] | (143,764) | 848,256 | ||
Assets by segment | [2] | 81,116,527 | 133,019,538 | ||
Plant, property and equipment, net | [2] | 39,540,047 | 62,710,762 | ||
Revalued of assets | [2] | 0 | |||
Goodwill | [2] | 201,265 | 2,295,155 | ||
Licenses and rights, net | [2] | 12,018,537 | 15,372,115 | ||
Investments in associated companies | [2] | (12,872) | (22,937) | ||
Liabilities by segments | [2] | 46,077,687 | 73,669,413 | ||
Operating segments [member] | Colombia [member] | |||||
Disclosure of Operating Segments [Line Items] | |||||
External revenues | 45,573,769 | 55,577,412 | |||
Intersegment revenues | 246,029 | 284,947 | |||
Total revenues | 45,819,798 | 55,862,359 | |||
Depreciation and amortization | 9,687,040 | 10,016,934 | |||
Operating income | 7,317,594 | 11,232,978 | |||
Interest income | 645,925 | 504,971 | |||
Interest expense | 2,489,576 | 1,969,055 | |||
Income tax | 835,905 | 2,250,229 | |||
Net profit (loss) attributable to equity holders of the parent continues operations | 5,057,140 | ||||
Net profit (loss) attributable to equity holders of the parent | 3,180,166 | 5,057,140 | |||
Assets by segment | 114,451,892 | 105,867,593 | |||
Plant, property and equipment, net | 49,660,991 | 46,760,727 | |||
Revalued of assets | 7,990,278 | 8,647,734 | |||
Goodwill | 9,134,535 | 12,742,478 | |||
Licenses and rights, net | 8,156,321 | 9,134,619 | |||
Liabilities by segments | 58,557,943 | 55,487,418 | |||
Operating segments [member] | Andean [member] | |||||
Disclosure of Operating Segments [Line Items] | |||||
External revenues | 40,784,677 | 40,900,522 | |||
Intersegment revenues | 50,594 | 56,598 | |||
Total revenues | 40,835,271 | 40,957,120 | |||
Depreciation and amortization | 7,705,756 | 7,973,246 | |||
Operating income | 8,582,308 | 5,750,496 | |||
Interest income | 1,620,722 | 633,511 | |||
Interest expense | 1,222,209 | 702,871 | |||
Income tax | 3,330,258 | 1,775,276 | |||
Net profit (loss) attributable to equity holders of the parent continues operations | 4,290,589 | ||||
Net profit (loss) attributable to equity holders of the parent | 6,476,390 | 4,290,589 | |||
Assets by segment | 92,960,971 | 83,344,448 | |||
Plant, property and equipment, net | 29,654,941 | 32,923,637 | |||
Revalued of assets | 6,691,780 | ||||
Goodwill | 4,620,773 | 4,680,898 | |||
Trademarks, net | 570 | ||||
Licenses and rights, net | 3,339,628 | 4,593,871 | |||
Liabilities by segments | 40,753,768 | 35,050,731 | |||
Operating segments [member] | Central America [member] | |||||
Disclosure of Operating Segments [Line Items] | |||||
External revenues | [3] | 32,815,550 | 35,271,222 | ||
Intersegment revenues | [3] | 73,754 | 131,015 | ||
Total revenues | [3] | 32,889,304 | 35,402,237 | ||
Depreciation and amortization | [3] | 7,774,150 | 8,217,529 | ||
Operating income | [3] | 4,826,064 | 6,760,634 | ||
Interest income | [3] | 466,514 | 274,680 | ||
Interest expense | [3] | 933,496 | 811,202 | ||
Income tax | [3] | 1,314,679 | 1,808,111 | ||
Equity interest in net income (loss) of associated companies | [3] | (645) | |||
Net profit (loss) attributable to equity holders of the parent continues operations | [3] | 4,283,706 | |||
Net profit (loss) attributable to equity holders of the parent | [3] | 3,191,646 | 4,283,706 | ||
Assets by segment | [3] | 90,174,355 | 85,906,325 | ||
Plant, property and equipment, net | [3] | 40,204,241 | 38,481,018 | ||
Revalued of assets | [3] | 0 | |||
Goodwill | [3] | 6,290,086 | 6,323,205 | ||
Licenses and rights, net | [3] | 4,967,979 | 3,803,556 | ||
Investments in associated companies | [3] | 21,139 | 24,894 | ||
Liabilities by segments | [3] | 34,556,739 | 31,004,610 | ||
Operating segments [member] | Caribbean [member] | |||||
Disclosure of Operating Segments [Line Items] | |||||
External revenues | 28,317,264 | 29,352,658 | |||
Intersegment revenues | 899,205 | 1,465,986 | |||
Total revenues | 29,216,469 | 30,818,644 | |||
Depreciation and amortization | 5,272,622 | 5,357,477 | |||
Operating income | 6,309,274 | 6,657,361 | |||
Interest income | 1,147,198 | 406,424 | |||
Interest expense | 1,229,509 | 754,293 | |||
Income tax | 1,535,248 | 2,279,688 | |||
Net profit (loss) attributable to equity holders of the parent continues operations | 3,727,793 | ||||
Net profit (loss) attributable to equity holders of the parent | 4,365,631 | 3,727,793 | |||
Assets by segment | 103,282,962 | 102,864,039 | |||
Plant, property and equipment, net | 36,373,908 | 42,377,462 | |||
Revalued of assets | 1,592,140 | ||||
Goodwill | 14,186,723 | 14,186,723 | |||
Trademarks, net | 199,664 | 241,987 | |||
Licenses and rights, net | 9,112,039 | 10,773,291 | |||
Liabilities by segments | 49,060,210 | 53,039,683 | |||
Operating segments [member] | Europe [member] | |||||
Disclosure of Operating Segments [Line Items] | |||||
External revenues | 74,864,647 | 78,998,073 | |||
Total revenues | 74,864,647 | 78,998,073 | |||
Depreciation and amortization | 15,611,301 | 17,256,032 | |||
Operating income | 12,140,762 | 12,976,982 | |||
Interest income | 307,387 | 156,211 | |||
Interest expense | 1,432,444 | 979,499 | |||
Income tax | 2,300,165 | 2,573,925 | |||
Equity interest in net income (loss) of associated companies | 16,513 | (19,099) | |||
Net profit (loss) attributable to equity holders of the parent continues operations | 9,529,969 | ||||
Net profit (loss) attributable to equity holders of the parent | 8,535,407 | 9,529,969 | |||
Assets by segment | 147,490,187 | 149,230,066 | |||
Plant, property and equipment, net | 67,032,522 | 68,193,484 | |||
Revalued of assets | 19,822,667 | 22,726,516 | |||
Goodwill | 55,694,728 | 48,521,317 | |||
Trademarks, net | 2,326,510 | 2,448,987 | |||
Licenses and rights, net | 18,736,696 | 20,292,186 | |||
Investments in associated companies | 18,463 | 21,536 | |||
Liabilities by segments | 92,192,262 | 95,495,024 | |||
Eliminations [member] | |||||
Disclosure of Operating Segments [Line Items] | |||||
Intersegment revenues | (24,378,609) | (23,151,860) | |||
Total revenues | (24,378,609) | (23,151,860) | |||
Depreciation and amortization | (1,326,894) | (367,559) | |||
Operating income | (4,121,609) | (4,485,665) | |||
Interest income | (22,071,061) | (15,196,268) | |||
Interest expense | (21,573,850) | (14,758,341) | |||
Income tax | (427,279) | 56,998 | |||
Net profit (loss) attributable to equity holders of the parent continues operations | (23,816,630) | ||||
Net profit (loss) attributable to equity holders of the parent | 3,186,175 | (23,816,630) | |||
Assets by segment | (694,553,031) | (690,838,170) | |||
Plant, property and equipment, net | (1,075,916) | (982,743) | |||
Investments in associated companies | (6,098,146) | (1,262,240) | |||
Liabilities by segments | $ (358,399,590) | $ (264,769,028) | |||
[1]Restated for discontinued operations.[2]Restated for discontinued operations for the nine-month period ended September 30, 2022 ClaroVTR.[3]Restated for discontinued operations for the nine-month period ended September 30, 2022 (Panama disposal). |
Subsequent Events - Additional
Subsequent Events - Additional Information (Detail) - CLP ($) $ in Billions | 12 Months Ended | ||
Nov. 29, 2023 | Dec. 31, 2022 | Dec. 26, 2023 | |
Claro VTR [Member] | |||
Disclosure of non-adjusting events after reporting period [line items] | |||
Proportion of ownership interest in joint venture | 50% | ||
Claro VTR [Member] | Liberty Latin America [Member] | |||
Disclosure of non-adjusting events after reporting period [line items] | |||
Proportion of ownership interest in joint venture | 50% | ||
Claro VTR [Member] | Liberty Latin America [Member] | Transaction Agreement For Additional Capital Requirement Of The Joint Venture [Member] | Calendar Year Two Thousand And Twenty Three Through June Two Thousand And Twenty Four [Member] | |||
Disclosure of non-adjusting events after reporting period [line items] | |||
Capital commitement | $ 972.4 | ||
Convertible Notes [Member] | Claro VTR [Member] | |||
Disclosure of non-adjusting events after reporting period [line items] | |||
Proportion of ownership interest in joint venture | 50% | ||
Convertible Notes [Member] | Claro VTR [Member] | Liberty Latin America [Member] | |||
Disclosure of non-adjusting events after reporting period [line items] | |||
Proportion of ownership interest in joint venture | 50% | ||
Acquistion of additional interest in the existing subisidiary company [Member] | Telekom Austria AG [member] | ASHMORE AND CARTIER IS | |||
Disclosure of non-adjusting events after reporting period [line items] | |||
Proportion of ownership interest in subsidiary | 58% |