Business Context and Reporting Period
Company: America Movil, S.A. de C.V.
Filing Date: September 19, 2002
Reporting Period: Current (Event-based announcement)
Business Overview: Leading provider of wireless services in Latin America with over 29 million subscribers across the continent.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity for the reporting period.
- Transaction Value: $7.2 million (Concession acquisition cost).
Material Changes
Strategic Expansion: America Movil acquired a concession from the Nicaraguan Government to provide PCS wireless services in the 1900 megahertz spectrum. This represents a geographic expansion into Nicaragua.
Guidance, Outlook, and Risks
Management Commentary: The acquisition reinforces the company's position as the leading wireless provider in Latin America.
Risks and Contingencies: The filing text does not explicitly detail specific risks, contingencies, or unusual items associated with this transaction.
Investor Verification Checklist
- Verify the regulatory status and timeline for the commencement of PCS services in Nicaragua.
- Confirm the total capital expenditure required beyond the initial $7.2 million concession fee.
- Assess the competitive landscape in the Nicaraguan wireless market.
- Review the impact of this acquisition on the company's overall debt profile and cash flow in subsequent quarterly reports.