América Móvil Takes Advantage of Slowdown to Trim Capex -- Market Talk

Dow Jones

05/01

1239 ET - Telecommunications company América Móvil plans to lower its capital expenditures this year from around $7.2 billion in 2024 as economies slow. "We've been investing a lot in 5G, in the last three years a lot in fiber and IT. We have our cloud and data centers all in place so that gives us a chance this year with the slowdown to reduce Capex to $6.7 billion," chief executive Daniel Hajj tells analysts in a conference call. The executive says América Móvil is open to considering acquisitions in Latin America, referring to Spain's Telefónica selling assets in the region. "We're aware of that and open if something fits América Móvil's strategy," he says. (anthony.harrup@wsj.com)

(END) Dow Jones Newswires

April 30, 2025 12:40 ET (16:40 GMT)

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We have our cloud and data centers all in place so that gives us a chance this year with the slowdown to reduce Capex to $6.7 billion,\" chief executive Daniel Hajj tells analysts in a conference call. The executive says América Móvil is open to considering acquisitions in Latin America, referring to Spain's Telefónica selling assets in the region. \"We're aware of that and open if something fits América Móvil's strategy,\" he says. (anthony.harrup@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 30, 2025 12:40 ET (16:40 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0823046494.USD","symbol_name":"AMUNDI FUNDS LATIN AMERICA EQUITY \"A2\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2532063917","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2532063917","pubTimestamp":1746031200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1239 ET - Telecommunications company América Móvil plans to lower its capital expenditures this year from around $7.2 billion in 2024 as economies slow. \"We've been investing a lot in 5G, in the last three years a lot in fiber and IT. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0823046494.USD":"AMUNDI FUNDS LATIN AMERICA EQUITY \"A2\" (USD) ACC","BK4132":"无线电信业务","AMX":"美洲移动","LU0823046577.USD":"AMUNDI FUNDS LATIN AMERICA EQUITY \"A2\" (USD) INC","LU0106259046.USD":"施罗德拉丁美洲基金","LU0541501648.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"A\" (USD) ACC","LU0541502299.USD":"ALLSPRING  EMERGING MARKETS EQUITY \"I\" (USD) ACC","LU0256859116.SGD":"施罗德拉丁美洲A Acc SGD"},"translate_title":"América Móvil利用经济放缓削减资本支出——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMX":0.9},"content_text":"1239 ET - Telecommunications company América Móvil plans to lower its capital expenditures this year from around $7.2 billion in 2024 as economies slow. \"We've been investing a lot in 5G, in the last three years a lot in fiber and IT. We have our cloud and data centers all in place so that gives us a chance this year with the slowdown to reduce Capex to $6.7 billion,\" chief executive Daniel Hajj tells analysts in a conference call. The executive says América Móvil is open to considering acquisitions in Latin America, referring to Spain's Telefónica selling assets in the region. \"We're aware of that and open if something fits América Móvil's strategy,\" he says. (anthony.harrup@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 30, 2025 12:40 ET (16:40 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}