Milenna Okamura's questions to America Movil SAB de CV (AMX) leadership • Q3 2024
Question
Milenna Okamura of Bank of America inquired about the competitive dynamics in Mexico's fixed broadband market and sought confirmation on the company's full-year 2024 CapEx guidance.
Answer
Carlos Jose Garcia Moreno Elizondo, an executive, confirmed the 2024 CapEx target remains around $7.2 billion. Oscar Von Hauske Solís and Daniel Hajj Aboumrad, executives, detailed the competitive strategy in Mexico, highlighting that 84% of their fixed broadband customers are now on fiber. They emphasized their focus on bundling streaming services, increasing entry-level speeds without raising prices, and improving IT systems for better customer service, which they believe provides a significant quality and capacity advantage.