America Movil eyes capital expenditure target of fifteen percent of revenues

The Mexican telecom giant aims to spend 14 to 15 percent of its revenue on capital projects through 2026. CFO Carlos Garcia noted plans to invest in Chile.

洞察:
América Móvil, S.A.B. de C.V. , the Mexico MXMX-based telecommunications giant, has set a preliminary target for its capital expenditures at 14%–15% of revenues for 2026 and the coming years. This guidance, announced today following the company’s fourth-quarter results, specifies a sizeable scale for future spending and includes a commitment to invest as necessary to remain competitive in Chile CLCL. The move comes after NJJ, a firm based in France FRFR, and Millicom International Cellular S.A. , headquartered in Luxembourg LULU, succeeded in talks to buy the local unit of Telefónica, S.A. .
The logo of America Movil is displayed on a wall in the reception area of the company's corporate offices in Mexico City, Mexico, on January 25, 2022. REUTERS/Gustavo Graf/File Photo
The logo of America Movil is displayed on a wall in the reception area of the company's corporate offices in Mexico City, Mexico, on January 25, 2022. REUTERS/Gustavo Graf/File Photo
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