The telecommunications company AT&T announced that it is about to reach 23 million customers in Mexico, recording growth both in equipment sales revenue and net user additions during the third quarter of 2024.
During this period, AT&T reported revenue of 1,022 million dollars, reflecting a 13% increase compared to the same quarter of the previous year. This growth was largely driven by a 17.8% increase in equipment sales, reaching revenue of 377 million dollars.
Despite this growth in device sales, the company experienced a 4% decline in service revenue, which dropped from 672 to 645 million dollars. Nevertheless, it added 275 thousand net additions in prepaid and postpaid customers, reaching a total of 22.9 million users in Mexico.
AT&T also reported that its operating cash flow (EBITDA) increased by 8%, reaching 168 million dollars in the third quarter of 2024, representing an increase of 13 million dollars compared to the same period of the previous year.
During a meeting between representatives of the private initiative (IP) and the Government of Mexico, an investment package of at least 20 billion dollars for the year 2025 was announced, aiming to strengthen the rule of law in the country.
The company also expressed its interest in remaining a value option for its customers, highlighting the importance of having certainty for foreign investments in Mexico. In this regard, they noted that they will be attentive to the evolution of the investment environment in the country.
On the other hand, the creation of working groups with the Ministry of Economy was mentioned to address the reforms approved in Congress, such as the judicial and electrical reforms, in order to ensure that they do not affect investors' capital.
