Close

Form 6-K AMERICA MOVIL SAB DE For: Jul 13

July 15, 2022 6:14 AM EDT

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

 

 

REPORT OF A FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2022

Commission File Number: 1-16269

 

 

AMÉRICA MÓVIL, S.A.B. DE C.V.

(Exact Name of the Registrant as Specified in the Charter)

 

 

America Mobile

(Translation of Registrant’s Name into English)

 

 

Lago Zurich 245

Plaza Carso / Edificio Telcel, Piso 16

Colonia Ampliación Granada, Miguel Hidalgo

11529 Mexico City, Mexico

(Address of Principal Executive Office)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  ☒            Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

 

 

 


América Móvil’s second quarter of 2022 financial and operating report

July 12th, 2022 / 2Q22

Mexico City - América Móvil, S.A.B. de C.V. (“América Móvil”) [BMV: AMX] [NYSE: AMX, AMOV], announced today its financial and operating results for the second quarter of 2022.

 

 

3.1M wireless net additions and 186k new broadband accesses

We ended June with 306 million wireless subscribers after incorporating 12.9 million subscribers from the acquisition of Oi. Organically, we gained 1.8 million mobile postpaid subscribers and 1.3 million prepaid clients. Our postpaid and prepaid base increased 12.5% and 8.9% year-on-year, respectively.

Fixed-broadband is still the main driver on the fixed-line platform; we connected 186 thousand new broadband accesses, including 92 thousand in Argentina, 36 thousand in Eastern Europe and approximately 20 thousand in each Central America and Mexico.

Service revenue +4.9% YoY at constant exchange rates

Revenue of 217 billion pesos was up 3.3% in Mexican peso terms, with net service revenue expanding 4.5%. At constant exchange rates, the latter expanded 4.9%.

Mobile service revenue +8.5% YoY and broadband revenue + 3.3% YoY

Mobile service revenue expanded 8.5% at constant exchange rates, which reflects the impact of the consolidation of some of Oi’s clients and revenue from May 1st. Correcting for this effect, mobile service revenue would have increased 7.4%, compared to the 6.3% growth rate observed in the prior quarter.

Service revenue on the fixed-line platform declined 0.5% year-on-year at constant exchange rates. Broadband revenue was up 3.3% whereas corporate network revenue growth increased to 8.9% from 4.9% the prior quarter. The decline in PayTV revenue moderated somewhat to 5.3%, mostly on account of improvements in Brazil.

EBITDA +4.2% YoY at constant exchange rates

Second quarter EBITDA totaled 82.7 billion pesos, a 4.0% increase in nominal peso terms and 4.2% at constant exchange rates, with the EBITDA margin rising 0.2 percentage points to 38.0%.

Net income of MxP 14Bn

Our operating profit of 41.0 billion pesos in the quarter, resulted in a net income of 13.7 billion pesos, after comprehensive financing costs of 18.1 billion pesos of which approximately half were net interest payments.

CapEx of MxP 66Bn and shareholder distributions of MxP 16Bn

Our operating cash flow allowed us to cover our capital expenditures in the amount of 65.6 billion pesos. We raised 43.8 billion pesos year-to-date which helped us fund 19.6 billion pesos for the purchase of Oi and a price adjustment related to the sale of Tracfone; as well as 11.6 billion pesos in labor obligations. Shareholder distributions totaled 16.3 billion pesos, all in the form of share buybacks.

Net debt to EBITDAaL at 1.36x

Our net debt ended June at 414.7 billion pesos. Under IAS17 our net debt to LTM EBITDA ratio stood at 1.36x.

We will host our conference call to discuss 2Q22 financial and operating results on July 13th at 9:00 am Mexico City time. To access the call please log on to www.americamovil.com/investors


América Móvil Fundamentals

                 
      2Q22      2Q21  

Earnings per Share (Mex$) (1)

     0.21        0.65  

Earning per ADR (US$) (2)

     0.21        0.64  

EBITDA per Share (Mex$) (3)

     1.29        1.20  

EBITDA per ADR (US$)

     1.29        1.20  

Net Income (millions of Mex$)

     13,683                                     42,815  

Average Shares Outstanding (billion)

     64.0        66.3  

Shares Oustanding End of Period (billion)

     63.9        66.1  

(1) Net Income / Average Shares Outstanding

(2) 20 shares per ADR

(3) EBITDA / Average Shares Outstanding    

 

América Móvil’s Subsidiaries as of June 2022

Country

   Brand    Business    Equity   

Mexico

   Telcel    wireless    100.0%
     Telmex    wireline    98.8%
     Sección Amarilla    other    100.0%
     Telvista    other    90.0%

Argentina

   Claro    wireless    100.0%
     Telmex    wireline    100.0%

Brazil

   Claro    wireless/wireline    99.6%

Chile

   Claro    wireless    100.0%
     Telmex    wireline    100.0%

Colombia

   Claro    wireless/wireline    99.4%

Costa Rica

   Claro    wireless    100.0%

Dominicana

   Claro    wireless/wireline    100.0%

Ecuador

   Claro    wireless/wireline    100.0%

El Salvador

   Claro    wireless/wireline    95.8%

Guatemala

   Claro    wireless/wireline    99.3%

Honduras

   Claro    wireless/wireline    100.0%

Nicaragua

   Claro    wireless/wireline    99.6%

Panama

   Claro    wireless/wireline    100.0%

Paraguay

   Claro    wireless/wireline    100.0%

Peru

   Claro    wireless/wireline    100.0%

Puerto Rico

   Claro    wireless/wireline    100.0%

Uruguay

   Claro    wireless/wireline    100.0%

Netherlands

   KPN    wireless/wireline    19.4%

Austria

   Telekom Austria    wireless/wireline    51.0%


Note

On November 23rd, 2021 we completed the sale of TracFone Wireless. The financial statements presented in this report account for TracFone as a discontinued operation and include the net profit generated by that subsidiary up to the date of the divestment and the net gain generated by its sale, under “net income from discontinued operations”.

The reported figures for Argentina corresponding to the second quarter of 2022 are presented in accordance with a) IAS29 reflecting the effects of the adoption of inflationary accounting that became mandatory after the Argentinean economy was deemed to be hyperinflationary in the third quarter of 2018 and b) IAS21 translated to Mexican pesos using the end-of-period exchange rate.

All comparisons at constant exchange rates for America Movil’s consolidated figures will exclude Argentina to ensure consistency.

Relevant Events

Sale of Claro Panama

On July 1st, 2022 we completed the sale of Claro Panama to Cable & Wireless Panama, an affiliate of Liberty Latin America. The transaction excludes all telecommunication towers owned indirectly by AMX in Panama and the Claro trademarks.

S&P upgraded América Móvil credit rating to A-/Stable

On July 6th, 2022 S&P Global Ratings upgraded América Móvil by one notch to A-/Stable. The financial strength of our company, our geographic diversification and consistent solid operating results have given us A- ratings from all three rating agencies, the best credit rating among major telcos in the Western Hemisphere. (Moody’s A3 / S&P A-/Fitch A-).


Access Lines

1.8M postpaid and 1.3M prepaid net adds

We ended June with 306 million wireless subscribers after incorporating 12.9 million subscribers from the acquisition of Oi in Brazil. Organically, we had net additions of 3.1 million which include 1.8 million postpaids and 1.3 million prepaid net adds. Our postpaid base ended June with 116 million subsccribers, after the integration of Oi. Brazil led the way in terms of postpaid growth after adding 779 thousand subscribers followed by Colombia with 272 thousand.

186k new broadband clients

On the fixed-line segment, we connected 186 thousand broadband accesses and disconnected 33 thousand PayTV subscriptions and 60 thousand landlines. At the end of June we had 74.6 million RGUs, 30.9 million broadband accesses, 13.7 million PayTV subscriptions and just over 30 million landlines.

 

Wireless subscribers as of June 2022

                                            

Total(1) (Thousands)    

 

                          
    Country    Jun ’22      Mar ’22      Var.%      Jun ’21      Var.%  

Argentina, Paraguay and Uruguay

     26,638        26,463        0.7%        25,541        4.3%  

Austria

     8,306        8,084        2.7%        7,484        11.0%  

Brazil

     85,735        71,804        19.4%        67,772        26.5%  

Central America

     16,976        16,763        1.3%        15,912        6.7%  

Caribbean

     7,222        7,143        1.1%        6,713        7.6%  

Chile

     7,228        7,136        1.3%        6,746        7.1%  

Colombia

     36,322        35,710        1.7%        33,844        7.3%  

Eastern Europe

     14,969        14,837        0.9%        14,841        0.9%  

Ecuador

     8,802        8,747        0.6%        8,308        6.0%  

Mexico

     81,364        80,990        0.5%        78,742        3.3%  

Peru

     12,202        12,066        1.1%        11,501        6.1%  

Total Wireless Lines

     305,764            289,743                5.5%            277,403            10.2%  

(1) Includes total subscribers of all companies in which América Móvil holds an economic interest; does not consider the date in which the companies started being consolidated.    


Fixed-Line and Other Accesses (RGUs) as of June 2022

                                            

Total(1) (Thousands)    

 

                          
    Country    Jun ’22      Mar ’22      Var.%      Jun ’21      Var.%  

Argentina, Paraguay and Uruguay

     2,417        2,183        10.7%        1,679        43.9%  

Austria

     2,995        3,019        -0.8%        3,096        -3.3%  

Brazil(2)

     24,699        24,991        -1.2%        25,930        -4.7%  

Central America

     4,552        4,480        1.6%        4,327        5.2%  

Caribbean

     2,673        2,639        1.3%        2,615        2.2%  

Chile

     1,284        1,317        -2.5%        1,372        -6.4%  

Colombia

     9,075        9,003        0.8%        8,673        4.6%  

Eastern Europe

     3,140        3,055        2.8%        2,975        5.5%  

Ecuador

     582        560        3.9%        493        18.0%  

Mexico

     21,256        21,361        -0.5%        21,536        -1.3%  

Peru

     1,962        1,931        1.6%        1,855        5.7%  

Total RGUs

     74,632            74,540                0.1%            74,551                0.1%  

(1) Fixed Line, Broadband and Television (Cable & DTH).

(2) The number of PayTV units has been adjusted to the criteria by which we report to the local regulator.


América Móvil Consolidated Results

The trend towards higher interest rates in the U.S. dollar market that began in March continued unabated in the second quarter as inflation fears dominated sentiment, with both short and long-term interest rates rising. By the second week of June long term rates peaked and began a downward trend as markets shifted their focus towards the negative impact on economic activity that would be derived from substantially higher short term interest rates. By the end of the quarter the dollar had appreciated vis-à-vis all major currencies in our region of operations, including the Mexican peso, the Brazilian real, the Colombian peso and the euro.

Our revenue reached 217.4 billion pesos in the quarter, 3.3% more than in the year-earlier quarter in Mexican peso terms, with net service revenue expanding 4.5%. At constant exchange rates the latter increased 4.9% (excluding Argentina given its high inflation rates). The difference between the two has to do with the nominal revenue reflecting the increased value in Mexican peso terms of the sales revenue in dollar-based operations and in those countries whose exchange rates are roughly pegged to the dollar.

Mobile service revenue expanded 8.5% at constant exchange rates, which reflects the impact of the consolidation of some of Oi’s clients and revenue from May 1st. Correcting for this effect, mobile service revenue would have expanded 7.4%, compared to the 6.3% growth rate observed the prior quarter. With 20.1% mobile service revenue growth—13.7% without Oi—Brazil was our top performer, as our Eastern European operations posted 9.6% growth, Mexico 8.8%, Peru 7.5%, Dominican Republic 6.9% and Austria 6.2%. Prepaid and postpaid revenue growth accelerated in the second quarter to 8.7% and 8.4%, respectively.

Service revenue on the fixed-line platform was almost flat, declining 0.5% year-on-year; the prior quarter it had come down by 1.1%. Our Eastern European operations continued to be the leaders in revenue growth in this segment, at 11.8%, followed by the Dominican Republic at 5.8%. Mexico and Brazil both experienced -2.5% revenue reductions, smaller than the ones registered in the first quarter. Broadband revenue was up 3.3%—a similar pace to that of the first quarter—whereas corporate network revenue growth increased to 8.9% from 4.9% in the prior quarter. The decline in PayTV revenue moderated somewhat, to -5.3%, mostly on account of improvements in Brazil.

Second quarter EBITDA totaled 82.7 billion pesos, a 4.0% increase in nominal terms and 4.2% at constant exchange rates, with the EBITDA margin rising 0.2 percentage points to 38.0%. EBITDA expanded 10.3% in our Eastern European operations, 8.8% in Brazil, 8.6% in the Dominican Republic and 5.2% in Mexico.

Our operating profit of 41.0 billion pesos in the quarter resulted in a net income of 13.7 billion pesos after comprehensive financing costs of 18.1 billion pesos of which approximately half were net interest payments.

Throughout the first half of the year, our operating cash flow, which already reflects our working capital requirements, fully covered our capital expenditures in the amount of 65.6 billion pesos. We raised 43.8 billion pesos in net financing in the period that helped us fund 19.6 billion pesos for the purchase of Oi and a price adjustment related to the sale of TracFone; and 11.6 billion pesos in labor obligations. Shareholder distributions of 16.3 billion pesos in share buybacks were partly funded by 3.2 billion pesos in dividend income from our KPN and Verizon stakes. Given the high seasonality of our working capital requirements we foresee a reduction in the second half of the year.

Our net debt excluding leases stood at 414.7 billion pesos at the end of June, a 7.1 billion increase relative to December. It was equivalent to 1.36 times net debt to LTM EBITDA. Approximately 55 billion pesos in debt obligations will be transferred to Sitios Latinoamérica upon its spin-off from América Móvil to take place in the third quarter.


    América Móvil’s Income Statement Proforma(1) Millions of Mexican pesos

 

      2Q22      2Q21      Var.%      Jan-Jun 22      Jan-Jun 21      Var.%  

Service Revenue

     180,685        172,952        4.5%        357,998        344,570        3.9%  

Equipment Revenue

     34,631        35,543        -2.6%        66,473        68,351        -2.7%  

Total Revenue(2)

     217,392        210,397        3.3%        428,617        416,682        2.9%  

Cost of Service

     55,384        54,213        2.2%        111,332        108,655        2.5%  

Cost of Equipment

     30,042        30,168        -0.4%        57,587        58,388        -1.4%  

Selling, General & Administrative Expenses

     47,983        44,986        6.7%        93,858        89,332        5.1%  

Others

     1,305        1,533        -14.9%        2,018        2,927        -31.0%  

Total Costs and Expenses

     134,714        130,900        2.9%        264,795        259,302        2.1%  

    

                                                     

EBITDA

     82,677        79,497        4.0%        163,821        157,380        4.1%  

% of Total Revenue

     38.0%        37.8%                 38.2%        37.8%           

    

                                                     

Depreciation & Amortization

     41,717        40,085        4.1%        83,021        80,426        3.2%  

EBIT

     40,961        39,412        3.9%        80,800        76,955        5.0%  

% of Total Revenue

     18.80%        18.70%                 18.90%        18.50%           

    

                                                     

Net Interest Expenses

     9,983        8,363        19.4%        18,978        17,105        11.0%  

Other Financial Expenses

     12,237        -4,447        375.2%        18,478        6,300        193.3%  

Foreign Exchange Loss

     -4,138        -21,076        80.4%        -26,712        -4,715        n.m.  

Comprehensive Financing Cost (Income)

     18,082        -17,160        205.4%        10,744        18,690        -42.5%  

Income & Deferred Taxes

     7,808        16,949        -53.9%        23,000        19,126        20.3%  

Net Income before Minority Interest and Equity Participation in Results of Affiliates

     15,071        39,623        -62.0%        47,056        39,139        20.2%  

Equity Participation in Results of Affiliates

     11        3        326.9%        -4        16        -126.6%  

Minority Interest

     -1,399        -1,291        -8.3%        -2,571        -2,235        -15.1%  

Net Income from Continued Operations

     13,683        38,334        -64.3%        44,481        36,921        20.5%  

Net Income from Discontinued Operations (TracFone)

     0        4,481        -100.0%        0        7,705        -100.0%  

Net Income

         13,683              42,815              -68.0%              44,481              44,625                -0.3%  

(1) Adjusted to reflect the sale of TracFone.

(2) Total Revenue include Other Revenue.

n.m. Not meaningful.


Balance Sheet - América Móvil Consolidated Millions of Mexican Pesos

                          
       Jun ‘22        Dec ‘21        Var.%             Jun ‘22        Dec ‘21        Var.%  

Current Assets

            Current Liabilities         
               

Cash, Marketable Securities & Other Short Term Investments

     150,756        156,383        -3.6%      Short Term Debt(1)      126,465        145,223        -12.9%  
               

Accounts Receivable

     210,479        212,977        -1.2%      Lease-Related Debt      30,974        27,632        12.1%  
               

Other Current Assets

     19,189        10,611        80.8%      Accounts Payable      275,325        260,879        5.5%  

Inventories

     33,623        24,185        39.0%      Other Current Liabilities      111,684        100,279        11.4%  
               
       414,047        404,157        2.4%             544,449        534,013        2.0%  
                    
               

Non Current Assets

                              Non Current Liabilities                           
               

Plant & Equipment, gross

     1,469,046        1,408,997        4.3%      Long Term Debt      439,009        418,807        4.8%  
               

-Depreciation

     734,371        677,801        8.3%      Lease-Related Debt              72,294        71,022        1.8%  
               

Plant & Equipment, net

     734,675        731,197        0.5%      Other Liabilities      204,265        211,766        -3.5%  
               

Rights of Use

     93,862        90,372        3.9%             715,567        701,595        2.0%  
               

Investments in Affiliates and Other Investments

     9,756        9,947        -1.9%                                  
               
                                                            
               

Deferred Assets

                                                          
               

Goodwill (Net)

     141,645        136,578        3.7%                                  
               

Intangible Assets

     134,020        143,226        -6.4%      Shareholder’s Equity      446,404        454,042        -1.7%  
               

Deferred Assets

     178,415        174,173        2.4%                                  
               
                                                            
               

Total Assets

     1,706,420        1,689,650        1.0%      Total Liabilities and Equity      1,706,420        1,689,650        1.0%  

(1)Includes current portion of Long Term Debt.


Mexico

374k mobile net adds

We added 374 thousand subscribers in the second quarter, including 22 thousand postpaids to end June with 81.4 million wireless clients, 3.3% more than a year before. On the fixed-line platform RGUs were off 1.3% year-on-year after disconnecting 105 thousand land-lines. Fixed-broadband accesses rose by 20 thousand units.

Mobile service revenue +8.8%

Our Mexican revenue totaled 76.8 billion pesos, 2.1% more than a year before, with service revenue expanding 4.9%, roughly in line with the pace registered the prior quarter. Mobile service revenue rose 8.8% helped along by a 10.4% increase in prepaid revenue, with postpaid revenue accelerating to a 6.6% pace. Postpaid ARPUs increased 7.2% and prepaid ARPUs 5.9% from the year-earlier quarter.

Broadband revenue +3.5% YoY

Fixed-line service revenue was down 2.5%, slightly less than in the prior quarter. This decline was fully driven by a reduction in voice revenue, which has become more rapid, -9.5% in the second quarter compared to -7.6% the prior one. Broadband revenue has accelerated somewhat, to 3.5%, from 3.1% in the first quarter. Corporate networks revenue was flat year-on-year, 0.1%, whereas they had declined 5.3% the precedent quarter.

EBITDA margin at 40.3% of revenue

EBITDA of 31.0 billion pesos was up 5.2% year-on-year, in line with the pace of the first quarter. It represented 40.3% of revenue, 1.2 percentage points more than a year before.

5G coverage in 40 cities

We have continued with the roll-out of our 5G network, reaching 40 cities with 56 million pops at the end of June. The deployment of 5G networks enables us to expand capacity more efficiently and enhances customer experience with greater speed and quality.


    Income Statement Mexico Millions of MxP

 

       2Q22        2Q21        Var.%        Jan-Jun 22        Jan-Jun 21        Var.%  
             

Total Revenue(1)

       76,844          75,291          2.1%          149,203          146,757          1.7%  

Total Service Revenue

       58,490          55,743          4.9%          115,758          110,261          5.0%  

Total Equipment Revenue

       16,934          18,579          -8.9%          30,740          34,566          -11.1%  

Wireless Revenue

       56,835          55,223          2.9%          109,357          106,561          2.6%  

Service Revenue

       39,990          36,760          8.8%          78,823          72,239          9.1%  

Equipment Revenue

       16,845          18,464          -8.8%          30,534          34,322          -11.0%  

Fixed Line Revenue

       18,589          19,098          -2.7%          37,141          38,267          -2.9%  

Service Revenue

       18,500          18,984          -2.5%          36,935          38,022          -2.9%  

Equipment Revenue

       89          115          -22.5%          206          244          -15.5%  

EBITDA

       30,978          29,450          5.2%          61,283          58,209          5.3%  

% total revenue

       40.3%          39.1%                     41.1%          39.7%             

EBIT

       22,986          21,727          5.8%          45,378          42,784          6.1%  

% total revenue

       29.9%          28.9%                     30.4%          29.2%             

(1) Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.

 

Mexico Operating Data

                                            
       2Q22                          2Q21                          Var.%  

Wireless Subscribers (thousands)

     81,364                 78,742                 3.3%  

Postpaid

     14,541                 14,556                 -0.1%  

Prepaid

     66,824                 64,185                 4.1%  

ARPU (MxP)

     166                 157                 5.2%  

Churn (%)

     3.3%                 3.5%                 (0.2)  

Revenue Generating Units (RGUs)(1)

     21,256                 21,536                 -1.3%  

Fixed Lines

     11,135                 11,582                 -3.9%  

Broadband

     10,120                 9,954                 1.7%  

(1)Fixed Line and Broadband.


Brazil

779k postpaid adds

Our wireless subscriber base ended June with a total of 85.7 million clients after incorporating 12.9 million subscribers from Oi (8.2 million prepaid and 4.7 million postpaid); it increased 7.5% organically year-on-year. As Claro runs the fastest data network in Brazil1 it continued to lead growth in the wireless postpaid segment, adding 779 thousand contract clients. On the fixed-line platform we had a total of 24.7 million RGUs, down 4.7% after disconnecting 293 thousand units including 189 thousand PayTV subscriptions and 105 thousand voice lines.

Mobile service revenue +14% YoY organically

Revenue for the quarter totaled 10.5 billion reais, up 7.7%, following the integration of a portion of Oi’s former clients and revenues from May 1st. Organically, service revenue increased 5.0% in the period, accelerating from 2.4% in the first quarter. Mobile service revenue increased 13.7% organically—compared to 10.3% in the prior quarter—and 20.1% once the Oi revenues are taken into account. Postpaid revenue rose 14% and prepaid revenue 12.3%, organically.

FTTH in over 250 cities

Fixed-line service revenue declined 2.5% resulting from an 11.2% contraction in PayTV revenue and 13.1% in wireline voice revenue. Broadband revenue increased 5.0%—that compares to 4.3% in the first quarter—as we continued to roll-out fiber, now available in over 250 cities, 24 cities more than at the end of March; this has been instrumental to continue to lead in the Ultrabroadband market. Regarding corporate networks we posted the highest growth on record at 22.5% with strong performance of IOT and Digital Solutions.

EBITDA +8.8% YoY

EBITDA came in at 4.3 billion reais in the quarter, an 8.8% increase from the year-earlier quarter, as the EBITDA margin rose to 40.5% from 40.1%.

We were a net gainer from Mobile Number Portability in the second quarter. To further improve our customer experience, in July we launched 5G services in Brasilia with full capability and will continue with the rollout in all major cities in Brazil.

1Source: Ookla


    Income Statement Brazil Millions of BrL

 

       2Q22        2Q21        Var.%        Jan-Jun 22        Jan-Jun 21        Var.%  
             

Total Revenue(1)

       10,509          9,755          7.7%          20,540          19,529          5.2%  

Total Service Revenue

       10,179          9,427          8.0%          19,884          18,907          5.2%  

Wireless Revenue

       5,560          4,685          18.7%          10,596          9,249          14.6%  

Service Revenue

       5,253          4,375          20.1%          9,983          8,665          15.2%  

Equipment Revenue

       307          310          -0.8%          613          584          4.9%  

Fixed Line Revenue

       4,926          5,052          -2.5%          9,901          10,242          -3.3%  

EBITDA

       4,261          3,916          8.8%          8,280          7,821          5.9%  

% total revenue

       40.5%          40.1%                     40.3%          40.0%             

EBIT

       1,473          1,383          6.6%          2,807          2,638          6.4%  

% total revenue

       14.0%          14.2%                     13.7%          13.5%             

(1)Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions.

Total revenue include other income.

 

Brazil Operating Data

                                            
       2Q22                 2Q21                 Var.%  

Wireless Subscribers (thousands)

     85,735                          67,772                          26.5%  

Postpaid

     47,979                 39,134                 22.6%  

Prepaid

     37,756                 28,638                 31.8%  

ARPU (BrL)

     22                 22                 2.1%  

Churn (%)

     2.90%                 3.20%                 (0.3)  

Revenue Generating Units (RGUs)(1)

     24,699                 25,930                 -4.7%  

(1)Fixed Line, Broadband and Television. The number of PayTV units has been adjusted to the criteria by which we report to the local regulator.


Colombia

612k mobile net adds, 60% YoY

We finished the quarter with 36.3 million wireless subscribers, 7.3% more than a year before, after net additions of 612 thousand, a 60% increase compared to last year’s quarter. The postpaid base grew 15.4%, to 9.3 million clients after net adds of 272 thousand—70.4% greater than last year’s, with prepaid net adds totaling 340 thousand. Fixed-line RGUs totaled 9.1 million and were up 4.6% over the year.

Mobile service revenue +2.3% YoY

Revenue expanded 3.2% to 3.7 trillion Colombian pesos, with service revenue rising 1.8%, up from 1.3% in the prior quarter. Mobile service revenue increased 2.3% relative to those of a year before; the recovery was more noticeable in prepaid than in postpaid, as revenue was up 4.2% in the former and 1.3% in the latter. Fixed-line service revenue expanded 1.2% with mixed results: on one hand a strong performance in corporate networks revenue that rose 19.1%, but on the other hand more intense competition in the broadband segment which resulted in a revenue decline of 3.8%.

EBITDA +1.3% YoY

We posted EBITDA growth of 1.3% to 1.5 trillion Colombian pesos, with the EBITDA margin for the period declining slightly to 42.0% of revenue. We had higher subscriber acquisition costs stemming from the 60% increase in net adds.

    Income Statement – Colombia Billions of COP

 

       2Q22      2Q21      Var.%      Jan-Jun 22      Jan-Jun21      Var.%  
             

Total Revenue(1)

       3,687        3,573        3.2      7,425        7,122        4.3

Total Service Revenue

       2,836        2,785        1.8      5,666        5,579        1.6

Wireless Revenue

       2,497        2,368        5.4      5,039        4,734        6.5

Service Revenue

       1,699        1,662        2.3      3,387        3,352        1.1

Equipment Revenue

       797        707        12.8      1,653        1,382        19.5

Fixed Line Revenue

       1,162        1,152        0.9      2,332        2,285        2.1

EBITDA

       1,549        1,529        1.3      3,155        3,062        3.0

% total revenue

       42.0      42.8               42.5      43.0         

EBIT

       895        910        -1.6      1865        1,820        2.5

% total revenue

       24.3      25.5               25.1      25.6         

(1)Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.

 

Colombia Operating Data

                                            
       2Q22                        2Q21                        Var.%  

Wireless Subscribers (thousands)(1)

     36,322                 33,844                 7.3%  

 Postpaid

     9,320                 8,078                 15.4%  

 Prepaid

     27,002                 25,765                 4.8%  

ARPU (COP)

     15,850                 16,545                 -4.2%  

Churn (%)

     3.50%                 3.90%                 (0.4)  

Revenue Generating Units (RGUs)(2)

     9,075                 8,673                 4.6%  

(1)Due to differences in the policy for accounting active subscribers, the figures in this report are different from those published by the Ministry of Communications of Colombia (MinTIC).

(2)Fixed Line, Broadband and Television.


Peru

142k postpaid net adds

Our wireless subscriber base reached 12.2 million by the end of June, 6.1% more than a year before by adding 136 thousand subscribers in the quarter. The postpaid base grew 15.2% to 5.4 million after net gains of 142 thousand postpaid clients. Fixed-line RGUs were just shy of two million and increased 5.7% year-on-year.

Mobile service revenue +7.5% YoY

Total revenue of 1.6 billion soles was 7.1% higher than that obtained the prior year with service revenue up 6.3% on the back of mobile service revenue growth of 7.5%. We continued to experience a migration from prepaid to postpaid as a result of attractive commercial offers in the latter, which led to a 13.4% expansion in postpaid revenue at a cost of an 8.3% reduction in prepaid revenue. Fixed-line service revenue increased 2.9% led by PayTV and broadband revenue, up 7.5% and 5.6%, respectively.

EBITDA margin 32% of revenue

Second quarter EBITDA came in 10.6% below last year at 514 million soles. Following the trend observed in precedent quarters, the contraction in EBITDA derived mostly from intense commercial activity and subscriber acquisition costs. The EBITDA margin was 32.2% in the quarter, practically flat quarter-over-quarter.

    Income Statement Peru Millions of Soles

 

        2Q22        2Q21        Var.%        Jan-Jun 22        Jan-Jun 21        Var.%  

Total Revenue(1)

       1,599          1,493          7.1%          3,195          2,936          8.8%  

Total Service Revenue

       1,156          1,088          6.3%          2,294          2,134          7.5%  

Wireless Revenue

       1,299          1,201          8.1%          2,601          2,368          9.8%  

Service Revenue

       864          804          7.5%          1,714          1,579          8.6%  

Equipment Revenue

       435          398          9.4%          887          789          12.4%  

Fixed Line Revenue

       292          284          2.9%          580          555          4.5%  

EBITDA

       514          575          -10.6%          1,026          1,121          -8.4%  

% total revenue

       32.2%          38.5%                     32.1%          38.2%             

EBIT

       219          286          -23.5%          432          552          -21.7%  

% total revenue

       13.7%          19.2%                     13.5%          18.8%             

(1)Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.

 

Peru Operating Data

                                            
       2Q22                 2Q21                 Var.%  

Wireless Subscribers (thousands)

     12,202                          11,501                          6.1%  

Postpaid

     5,366                 4,659                 15.2%  

Prepaid

     6,836                 6,842                 -0.1%  

ARPU (Sol)

     24                 24                 0.5%  

Churn (%)

     4.30%                 3.90%                 0.3  

Revenue Generating Units (RGUs)(1)

     1,962                 1,855                 5.7%  

(1)Fixed Line, Broadband and Television.    


Ecuador

55k wireless net adds

We finished the quarter with 8.8 million wireless subscribers—6.0% more than a year before—after net adds of 55 thousand of which 24 thousand were postpaid. On the fixed-line segment, we had a total of 582 thousand RGUs, 18.0% more than a year before.

Service revenues +0.4% YoY

Second quarter revenue was 1.4% higher than those of a year before. Service revenue posted a 0.4% increase after thirteen consecutive quarters of declines. Wireless service revenue showed modest growth of 0.2% compared to -4.0% and -6.4% in the precedent quarters. Postpaid revenue was up 2.0%, but those from prepaid fell 2.2% short from a year before. Fixed-line service revenue exceeded by 2.2% compared with 2021.

EBITDA margin at 44.9% of revenue

EBITDA was practically flat from a year before at 115 million dollars. The EBITDA margin for the period stood at 44.9% of revenue.

The demonstrations that took place in June impacted the mobility of the population which affected our commercial operations and the pace of our revenue growth.


    Income Statement Ecuador Millions of Dollars

 

      2Q22        2Q21        Var.%        Jan-Jun 22        Jan-Jun 21        Var.%  

Total Revenue(1)

     256          252          1.4%          505          506          -0.1%  

Total Service Revenue

     225          224          0.4%          445          451          -1.4%  

Wireless Revenue

     228          225          1.2%          450          453          -0.6%  

Service Revenue

     198          198          0.2%          392          400          -1.9%  

Equipment Revenue

     30          27          9.0%          58          53          9.2%  

Fixed Line Revenue

     27          27          1.1%          55          52          4.3%  

EBITDA

     115          115          0.1%          229          224          2.2%  

% total revenue

     44.9%          45.5%                     45.3%          44.4%             

EBIT

     64          60          6.6%          127          115          10.2%  

% total revenue

     25.0%          23.8%                     25.1%          22.8%             

(1)Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.

 

    Ecuador Operating Data     

       
      2Q22      2Q21      Var.%

Wireless Subscribers (thousands)

     8,802          8,308          6.0%  

Postpaid

     2,135          2,048          4.2%  

Prepaid

     6,668          6,260          6.5%  

ARPU (US$)

     8          8          -6.3%  

Churn (%)

     3.30%          3.40%          -10.0%  

Revenue Generating Units (RGUs)(1)

     582          493          18.0%  

(1)Fixed Line, Broadband and Television.

Chile

92k mobile net adds

We added 92 thousand wireless subscribers in the second quarter to finish June with 7.2 million subscribers, 7.1% more than in the prior year. On the fixed-line segment, we had 1.3 million RGUs, following net disconnections of 33 thousand units.

Corporate network revenue +6.7% YoY

Revenue of 187.2 billion Chilean pesos was down 3.7% relative to that of a year before. Competition remains intense in both the mobile and fixed-line segments and was behind service revenue dropping 7.7%. Mobile service revenue fell 10.1% while fixed-line service revenue declined 5.1%. Corporate networks revenue growth accelerated to 6.7% from 3.2% in the precedent quarter, reflecting a strong focus on the enterprise segment.

EBITDA margin at 17%

EBITDA was off 17.4% from the year-earlier quarter at 32.5 billion Chilean pesos. The margin for the period was equivalent to 17.4% of revenue.    


    Income Statement Chile Millions of ChP

      2Q22        2Q21        Var.%      Jan-Jun 22      Jan-Jun 21        Var.%

Total Revenue(1)

     187,224          194,423          -3.7%        387,238        394,515        -1.8%

Total Service Revenue

     149,549          162,097          -7.7%        303,439        325,100        -6.7%

Wireless Revenue

     115,803          119,074          -2.7%        242,854        243,699        -0.3%

Service Revenue

     78,150          86,900          -10.1%        159,092        175,499        -9.3%

Equipment Revenue

     37,652          32,174          17.0%        83,762        68,200        22.8%

Fixed Line Revenue

     71,400          75,197          -5.0%        144,349        149,602        -3.5%

EBITDA

     32,538          39,395          -17.4%        68,545        83,923        -18.3%

% total revenue

     17.4%          20.3%                   17.7%        21.3%         

EBIT

     -30,395          -20,801          -46.1%        -50,638        -29,359        -72.5%

% total revenue

     -16.2%          -10.7%                   -13.1%        -7.4%         

(1)Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.

 

    Chile Operating Data

       
      2Q22        2Q21        Var.%  

Wireless Subscribers (thousands)

     7,228          6,746          7.1%  

Postpaid

     2,989          2,617          14.2%  

Prepaid

     4,239          4,129          2.7%  

ARPU (ChP)

     3,540          4,553          -22.2%  

Churn (%)

     4.40%          4.80%          -50.0%  

Revenue Generating Units (RGUs)(1)

     1,284          1,372          -6.4%  

(1)Fixed Line, Broadband and Television.    

Argentina

For comparison purposes all comments in this section related to annual variations of the presented period for Argentina refer to figures in constant peso terms, that is, adjusted for inflation in accordance to NIC 29. Information for Uruguay and Paraguay is not presented in the table.

168k wireless net adds and 92k new broadband accesses

We obtained 168 thousand new wireless subscribers in the period—139 thousand were postpaid—to finish June with a total of 23.7 million wireless subscribers, 4.3% more than a year before. Fixed-line RGUs increased 54.3% to 2.1 million after adding 92 thousand broadband accesses and 52 thousand PayTV subscriptions.

Inflationary pressures have been very strong in Argentina and became even more intense in the second quarter. The acceleration of inflation resulted in revenue of 54.3 billion Argentinean pesos falling 7.3% in after-inflation terms. Service revenue declined 10.7% as mobile services revenue was down 11.2% and fixed-line service revenue was off 7.7%, all of the above in real terms.


EBITDA margin at 40% of revenue

Second quarter EBITDA was down 6.0% to 21.9 billion Argentinean pesos. However, the margin expanded 50 basis points from the year-earlier quarter to 40.2% of revenue as a result of our efforts to contain costs.

 

 

    Income Statement Argentina Millions of constant ARS of June 2022

      2Q22        2Q21        Var.%      Jan-Jun 22      Jan-Jun 21        Var.%

Total Revenue(1)

     54,314          58,601          -7.3%        111,643        117,953        -5.3%

Total Service Revenue

     43,127          48,319          -10.7%        90,172        96,255        -6.3%

Wireless Revenue

     48,086          51,820          -7.2%        98,601        104,977        -6.1%

Service Revenue

     37,051          41,734          -11.2%        77,392        83,548        -7.4%

Equipment Revenue

     11,034          10,086          9.4%        21,208        21,428        -1.0%

Fixed Line Revenue

     6,076          6,585          -7.7%        12,780        12,706        0.6%

EBITDA

     21,859          23,267          -6.0%        44,586        46,783        -4.7%

% total revenue

     40.2%          39.7%                   39.9%        39.7%         

EBIT

     17,645          18,366          -3.9%        35,758        36,645        -2.4%

% total revenue

     32.5%          31.3%                   32.0%        31.1%         

(1)Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.

 

    Argentina Operating Data

       
      2Q22        2Q21        Var.%  

Wireless Subscribers (thousands)

     23,669          22,697          4.3%  

Postpaid

     8,998          8,642          4.1%  

Prepaid

     14,672          14,055          4.4%  

ARPU (ARS)

     507          378          34.1%  

Churn (%)

     1.60%          1.20%          40.0%  

Revenue Generating Units (RGUs)(1)

     2,101          1,362          54.3%  

(1)Fixed Line, Broadband and Television.    


Central America

213k mobile net adds and 71k new fixed-line RGUs

Our wireless subscriber base finished June with nearly 17 million clients, 6.7% more than in the same period of last year. Net additions totaled 213 thousand subscribers of which 40 thousand were postpaid. On the fixed-line segment we had 4.6 million RGUs, 5.2% more than a year before after connecting 71 thousand new accesses, including 25 thousand broadband accesses and 40 thousand PayTV clients.

Mobile service revenue +3.5% YoY

Revenue reached 620 million dollars, 3.5% more than a year before. Service revenue rose 1.9% on the back of mobile service revenue that increased 3.5%. Prepaid revenue was up 4.9% and postpaid revenue continued to recover, expanding 1.7%. Fixed-line service revenue declined 1.2% year-on-year as the growth of broadband and PayTV revenue, 1.5% and 2.9%, respectively failed to compensate for the decline in voice.

EBITDA margin at 42% of revenue

EBITDA came in at 259 million dollars, up 1.1% relative to the year-earlier quarter. The margin for the period stood at 41.7% of revenue.


    Income Statement Central America Millions of Dollars

      2Q22        2Q21        Var.%      Jan-Jun 22      Jan-Jun 21        Var.%

Total Revenue(1)

     620          599          3.5%        1223        1179        3.7%

Total Service Revenue

     529          519          1.9%        1054        1032        2.1%

Wireless Revenue

     429          408          5.1%        837        797        5.1%

Service Revenue

     350          338          3.5%        694        669        3.6%

Equipment Revenue

     78          69          13.0%        144        127        12.8%

Fixed Line Revenue

     186          187          -0.2%        375        374        0.2%

EBITDA

     259          256          1.1%        516        495        4.3%

% total revenue

     41.7%          42.7%                   42.2%        42.0%         

EBIT

     117          115          1.8%        231        215        7.0%

% total revenue

     19.0%          19.3%                   18.9%        18.3%         

(1)Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.

 

    Central America Operating Data

       
      2Q22        2Q21        Var.%  

Wireless Subscribers (thousands)

     16,976          15,912          6.7%  

Postpaid

     2,463          2,314          6.4%  

Prepaid

     14,513          13,599          6.7%  

ARPU (US$)

     7          7          -2.7%  

Churn (%)

     6.00%          5.90%          10.0%  

Revenue Generating Units (RGUs)(1)

     4,552          4,327          5.2%  

(1)Fixed Line, Broadband and Television.

Caribbean

76k wireless net adds in Dominican Republic

Our subscriber base in Dominican Republic ended June with 6.2 million clients, 8.6% more than last year. We added 63 thousand prepaid clients and 13 thousand postpaids which resulted in an increase of 10.2% of the prepaid base and 3.6% for that of postpaid. Fixed-line RGUs expanded 3.0% over the year to two million accesses with broadband leading the way.

Mobile service revenue up 6.9% YoY

In Dominican Republic, revenue rose 6.7% year-on-year to 14.6 billion Dominican pesos, with service revenue rising 6.4%. Wireless service revenue was up 6.9% in the period increasing 8.9% in the prepaid segment and 4.4% on postpaid. Fixed-line service revenue was 5.8% greater than last year’s on the back of broadband revenue that expanded 15.1% and corporate networks revenue that was up 13.0%.

EBITDA +8.6% YoY

EBITDA increased 8.6% to 7.6 billion Dominican pesos, with the EBITDA margin expanding 0.9 percentage points to 51.8%.

Subscriber base +1.8% YoY in Puerto Rico

In Puerto Rico we had just over one million wireless subscribers at the end of June, 1.8% more than a year before, and we had 651 thousand fixed-line RGUs.


Wireless service revenue +2.7% YoY

Revenue declined 1.9%, but service revenue was up slightly, 0.4%, with the annual comparison still affected by the decline in federal funds received in 2021; adjusting for this extraordinary base effect, service revenue would have increased 5.2%. Wireless service revenue increased 2.7% led by revenue expansion of 4.6% on the postpaid division that compares to an 8.5% decline in prepaid. Fixed-line service revenue declined 2.8% (+9.6% adjusted for federal government aid funds); mostly on the back of PayTV and broadband revenue. EBITDA fell 6.8% and the margin was equivalent to 19.8% of revenue.

 

    Income Statement Caribbean Millions of Dollars

 

      2Q22        2Q21        Var.%        Jan-Jun 22        Jan-Jun 21        Var.%  

Total Revenue(1)

     488          467          4.5%          961          919          4.5%  

Total Service Revenue

     429          405          5.9%          845          799          5.8%  

Wireless Revenue

     312          295          5.7%          618          581          6.3%  

Service Revenue

     252          235          7.1%          502          464          8.1%  

Equipment Revenue

     59          59          0.3%          116          117          -0.7%  

Fixed Line Revenue

     178          171          4.2%          348          339          2.6%  

EBITDA

     181          169          7.0%          360          333          8.4%  

% total revenue

     37.2%          36.3%                     37.5%          36.2%             

EBIT

     94          84          11.9%          186          165          12.6%  

% total revenue

     19.3%          18.0%                     19.3%          17.9%             

(1)Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.    

 

    Caribbean Operating Data     

       
      2Q22      2Q21      Var.%

Wireless Subscribers (thousands)

     7,222          6,713          7.6%  

Postpaid

     2,157          2,112          2.1%  

Prepaid

     5,065          4,601          10.1%  

ARPU (US$)

     12          12          -1.7%  

Churn (%)

     3.00%          2.90%          10.0%  

Revenue Generating Units (RGUs)(1)

     2,673          2,615          2.2%  

(1)Fixed Line, Broadband and Television.


Austria

222k wireless net adds

After adding 222 thousand new clients in the second quarter, almost all postpaid, our wireless subscriber base finished June with 8.3 million wireless subscribers. On the fixed-line platform we had nearly three million RGUs, including 1.3 million broadband accesses and 302 thousand PayTV units.

Mobile service revenue +6.2% YoY

Revenue increased 1.5% over the year to 676 million euros in the second quarter. Service revenue was up 2.1%—from 1.3% in the first quarter—with mobile revenue rising 6.2%. We saw a strong performance in both the postpaid and the prepaid segments, at 6.3% and 5.4%, respectively. We have experienced strong demand for mobile WiFi and have benefited from a resurgence of roaming revenue and certain inflation-linked price adjustments. Fixed-line service revenue fell 0.8% on account of a contraction in retail fixed-line revenue stemming from disconnections of voice and low-bandwidth RGUs as well as from lower interconnection revenues.

EBITDA 3.7% YoY

EBITDA after restructuring charges was up 3.7% as service revenue growth exceeded the cost increases derived from energy and other commercial expenses. The margin for the quarter stood at 38.2% of revenue, 0.8 percentage points above last year’s.

 

    Income Statement Austria Millions of Euros

 

      2Q22        2Q21        Var.%        Jan-Jun 22        Jan-Jun 21        Var.%  

Total Revenue(1)

     676          666          1.5%          1,340          1,324          1.2%  

Total Service Revenue

     603          591          2.1%          1,191          1,172          1.7%  

Wireless Revenue

     302          291          3.7%          604          585          3.2%  

Service Revenue

     255          240          6.2%          504          477          5.8%  

Equipment Revenue

     47          51          -8.0%          99          108          -8.2%  

Fixed Line Revenue

     362          361          0.5%          709          713          -0.5%  

EBITDA

     258          249          3.7%          503          478          5.2%  

% total revenue

     38.2%          37.4%                     37.5%          36.1%             

Adjusted EBITDA(1)

     279          270          3.1%          544          520          4.7%  

% total revenue

     41.2%          40.5%                     40.6%          39.3%             

EBIT

     123          109          12.6%          229          203          12.9%  

% total revenue

     18.2%          16.4%                     17.1%          15.4%             

For further detail please visit www.a1.group/en/investor-relations

(1)Total revenue include other income.

(2)Does not include restructuring charges in Austria.


    Austria Operating Data     

       
      2Q22      2Q21      Var.%

Wireless Subscribers (thousands)(1)

     8,306          7,484          11.0%  

Postpaid

     7,239          6,471          11.9%  

Prepaid

     1,066          1,013          5.2%  

ARPU (euros)

     11          11          -4.2%  

Churn (%)

     0.70%          0.90%          -20.0%  

Revenue Generating Units (RGUs)(2)

     2,995          3,096          -3.3%  

(1)Includes A1 Digital subscribers.

(2)Fixed Line, Broadband and Television.


Other European

132k wireless net adds and 36k new broadband accesses

Our combined operations in Eastern Europe had 15 million wireless subscribers by the end of June, 0.9% more than a year before. Net additions of 132 thousand in the quarter include 60 thousand from Bulgaria, 50 thousand from Croatia and 21 thousand from Serbia. On the fixed-line segment we reached 3.1 million RGUs, 5.5% more than a year before after connecting 36 thousand new broadband accesses and 51 thousand PayTV units.

Service revenue +10% YoY

Second quarter revenue increased 7.3% above the same period of 2021 at 544 million euros. Service revenue expanded 10.2% annually with those coming from fixed-line growing 11.8% and those from mobile 9.6%. All countries posted service revenue growth in both segments. Bulgaria led the way expanding its service revenue by 12.5% followed by Serbia with 10.2% and Belarus with 9.9%.

EBITDA +10% YoY

EBITDA for the block increased 10.3%, the fastest pace amongst our operations, to reach 211 million euros in the quarter. The margin climbed one percentage point in twelve months to 38.7% of revenues. We have experienced increased energy costs in most markets, as well as higher workforce and content costs in some of these countries. However, we have been improving operational efficiencies and equipment margins.

 

    Income Statement Other European Millions of Euros

 

      2Q22      2Q21      Var.%      Jan-Jun 22      Jan-Jun 21      Var.%  

Total Revenue(1)

     544        507        7.3%        1,052        991        6.2%  

Total Service Revenue

     432        392        10.2%        837        772        8.3%  

Wireless Revenue

     417        395        5.7%        806        770        4.6%  

Service Revenue

     322        294        9.6%        621        577        7.6%  

Equipment Revenue

     95        101        -5.7%        185        193        -4.3%  

Fixed Line Revenue

     115        103        11.6%        226        204        10.7%  

EBITDA

     211        191        10.3%        409        373        9.6%  

% total revenue

     38.7%        37.7%                 38.9%        37.7%           

EBIT

     110        93        18.5%        211        176        19.4%  

% total revenue

     20.2%        18.3%                 20.0%        17.8%           

For further detail please visit www.a1.group/en/investor-relations

(1)Revenue reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenue include other income.


    Other European Operating Data

      2Q22        2Q21        Var.%  

Wireless Subscribers (thousands)

     14,969          14,841          0.9%  

Postpaid

     12,113          11,898          1.8%  

Prepaid

     2,856          2,943          -3.0%  

ARPU (euros)

     7          7          7.8%  

Churn (%)

     1.5%          1.3%          0.2  

Revenue Generating Units (RGUs)(1)

     3,140          2,975          5.5%  

(1)Fixed Line, Broadband and Television.


    Exchange Rates Local Currency Units per MxP

 

      2Q22      2Q21      Var.%      Jan-Jun 22      Jan-Jun 21      Var.%  

Euro

                                                     

End of Period

     0.0477        0.0426        12.1%        0.0477        0.0426        12.1%  

Average

     0.0468        0.0414        13.1%        0.0451        0.0411        9.6%  

U.S.

                                                     

End of Period

     0.05        0.0505        -0.9%        0.05        0.0505        -0.9%  

Average

     0.0499        0.0499        0.0%        0.0493        0.0496        -0.5%  

Brazilean Real

                                                     

End of Period

     0.2621