América Móvil(US:AMX)2022-02-09 20:10Financial Data and Key Metrics Changes - In Q4 2021, total revenue reached 227 billion pesos, reflecting a 7.7% year-on-year increase [8] - Adjusted EBITDA increased by 7.7% year-on-year, slightly above the 7.2% increase in sales [11] - Net profit for Q4 2021 was 196 billion pesos, which is larger than the previous year [12] Business Line Data and Key Metrics Changes - Wireless subscribers increased by 4.8 million in Q4, with Brazil contributing approximately half of the new postpaid subscribers [8] - Prepaid revenue growth was 8.7%, with several operations experiencing growth between 8% and 12% [10] - Fixed line service revenues declined by 0.5%, while corporate networks revenue grew by 6.8% [10][11] Market Data and Key Metrics Changes - The Mexican peso appreciated against most currencies in the region on an annual basis, while it depreciated slightly against the U.S. dollar [9] - Colombia and the Dominican Republic showed strong performance in fixed line services, with revenue growth of 10% [11] Company Strategy and Development Direction - The company plans to invest $8 billion in CapEx for 2022, including 5G deployment across 94% of its operational areas [19] - The focus is on increasing fiber-to-the-home connections and enhancing service offerings in corporate networks [33][38] Management's Comments on Operating Environment and Future Outlook - Management noted that competition in Colombia is strong, but the company is performing well in both prepaid and postpaid segments [46] - The company expects improvements in supply chain issues for handsets in the second half of 2022 [29] Other Important Information - The company is in the process of a tower spin-off, with expectations to finalize it in Q2 2022 [58] - The application for a pay-TV license is still pending, with no specific timeline for approval [61] Q&A Session Summary Question: 5G CapEx and auction details - The company confirmed that the total CapEx for spectrum in 2021 was around $1.1 billion, primarily in Brazil [17] Question: Plans for Verizon shares received - The company currently has no plans to sell the Verizon shares and is receiving a 5% dividend yield [25] Question: Performance of Telmex and fiber connections - Telmex has 52% of its customer base connected with fiber, with plans to accelerate migration from copper to fiber [33] Question: Competitive landscape in Colombia - The company is experiencing good performance in Colombia despite competitive pressures, focusing on quality and customer care [46] Question: Supply constraints for handsets - The company faced supply shortages in 2021, but expects improvements in supply for mid and low-end handsets in 2022 [29] Question: Future of broadband subscribers in Brazil - The company plans to increase fiber coverage and expects to grow its broadband subscriber base despite competitive pressures [42] Question: Share buybacks and shareholder distributions - The company expects shareholder distributions to reach up to $3 billion, including dividends and buybacks [65] Question: ARPU trends in Colombia - ARPU has declined due to competition, but the company is maintaining a solid performance in both prepaid and postpaid segments [68]