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Latin America - Developing Telecoms

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America Movil profits down by almost half in Q3

America Movil registered a drop of almost 50% in its net profits in the third quarter, which the group attributes to economic issues in the Latin America region and particularly Mexico, as well as higher finance costs.

Mobile Data set to explode in Latam, Mid-East

Only three regions—Latin America, Middle East, and Africa—will see a mobile internet service revenue double-digit CAGR between 2013 and 2018, according to ABI Research. This is underpinned by the strong per subscription data consumption increasing at CAGRs of 45-49%.