v3.25.1
Intangible assets, net and goodwill
 12 Months Ended
Dec. 31, 2024
Intangible assets, net and goodwill [Abstract]  
Intangible assets, net and goodwill
Note 11. Intangible assets, net and goodwill
 
a) An analysis of intangible assets at December 31, 2022, 2023 and 2024 is as follows:

 
For the year ended December 31, 2022
 
Balance at
beginning of
year
  
Acquisitions
  
Acquisitions
in business
combinations
  
Disposals and
other (1)
  
Amortization
of the year (2)
  
Effect of
translation of
foreign
subsidiaries
and
Hyperinflation
adjustment
  
Balance at end
of year
  
Licenses and rights of use
 Ps.
266,057,690     Ps. 2,656,914     Ps. 95,147     Ps. (1,785,196 )   Ps. —     Ps. (11,475,085 )   Ps. 255,549,470  
Accumulated amortization
  
(135,789,945
)
    
—
      
—
      
1,436,078
      
(13,323,410
)
    
5,252,171
      
(142,425,106
)
                                                       
Net
  
130,267,745
      
2,656,914
      
95,147
       (349,118 )    
(13,323,410
)
    
(6,222,914
)
    
113,124,364
  
                                                       
Trademarks
  
27,675,853
      
183,631
      
40,412
      
(66,000
)
    
—
      
(1,366,541
)
    
26,467,355
  
Accumulated amortization
  
(24,383,690
)
    
—
      
—
      
—
      
(110,974
)
    
1,041,866
      
(23,452,798
)
                                                       
Net
  
3,292,163
      
183,631
      
40,412
      
(66,000
)
    
(110,974
)
    
(324,675
)
    
3,014,557
  
                                                       
Customer relationships
  
24,570,126
      
22,842
      
2,863,765
      
—
      
—
      
(3,267,041
)
    
24,189,692
  
Accumulated amortization
  
(21,208,962
)
    
—
      
—
      
(18
)
    
(954,256
)
    
2,831,217
      
(19,332,019
)
                                                       
Net
  
3,361,164
      
22,842
      
2,863,765
      
(18
)
    
(954,256
)
    
(435,824
)
    
4,857,673
  
                                                       
Software licenses
  
15,251,136
      
5,108,485
      
14,205
      
(797,084
)
    
—
      
(3,358,767
)
    
16,217,975
  
Accumulated amortization
  
(10,437,674
)
    
—
      
—
      
976,417
      
(2,645,400
)
    
2,591,274
      
(9,515,383
)
                                                       
Net
  
4,813,462
      
5,108,485
      
14,205
      
179,333
      
(2,645,400
)
    
(767,493
)
    
6,702,592
  
                                                       
Content rights
  
13,002,320
      
874,961
      
—
      
(263,798
)
    
—
      
(830,079
)
    
12,783,404
  
Accumulated amortization
  
(11,511,090
)
    
—
      
—
      
3,382
      
(881,352
)
    
799,892
      
(11,589,168
)
                                                       
Net
  
1,491,230
      
874,961
      
—
      
(260,416
)
    
(881,352
)
    
(30,187
)
    
1,194,236
  
                                                       
Total of intangibles, net
 Ps.
143,225,764     Ps.
8,846,833     Ps.
3,013,529     Ps.
(496,219 )   Ps.
(17,915,392 )   Ps.
(7,781,093 )   Ps.
128,893,422  
                                                       
Goodwill
 Ps.
136,578,194     Ps.
14,447,186     Ps.
280,192     Ps.
(2,230,610 )   Ps.
(149,696 )   Ps.
(7,803,901 )   Ps.
141,121,365  

  (1)
Includes the transaction related to Panama and Chile disposal.

(2)
Includes the discontinued operations of Panama and the Claro Chile, SpA joint venture. See Note 2, Ac.

 
For the year ended December 31, 2023
 
 
Balance at
beginning of
year
  
Acquisitions
  
Disposals and
other
  
Amortization
of the year
  
Incorporation (Merge, Spin off, Sale/other)
  
Effect of
translation of
foreign
subsidiaries
and
Hyperinflation
adjustment
  
Balance at end
of year
  
Licenses and rights of use          
   Ps.
255,549,470     Ps.
18,814,933     Ps.
1,201,681     Ps.
—     Ps.
—     Ps.
(28,239,255 )   Ps.
247,326,829  
Accumulated amortization          
    
(142,425,106
)
    
—
      
(63,964
)
    
(11,643,803
)
    
—
      
11,328,430
      
(142,804,443
)
 
                                                        
Net          
    
113,124,364
      
18,814,933
      
1,137,717
      
(11,643,803
)
    
—
      
(16,910,825
)
    
104,522,386
  
 
                                                        
Trademarks          
    
26,467,355
      
198,532
      
(11,554
)
    
—
      
555
      
(1,313,470
)
    
25,341,418
  
Accumulated amortization          
    
(23,452,798
)
    
—
      
571
      
(139,038
)
    
—
      
1,017,013
      
(22,574,252
)
 
                                                        
Net          
    
3,014,557
      
198,532
      
(10,983
)
    
(139,038
)
    
555
      
(296,457
)
    
2,767,166
  
 
                                                        
Customer relationships          
    
24,189,692
      
5,550
      
—
      
—
      
—
      
(3,505,503
)
    
20,689,739
  
Accumulated amortization          
    
(19,332,019
)
    
—
      
—
      
(987,971
)
    
—
      
3,091,265
      
(17,228,725
)
 
                                                        
Net          
    
4,857,673
      
5,550
      
—
      
(987,971
)
    
—
      
(414,238
)
    
3,461,014
  
 
                                                        
Software licenses          
    
16,217,975
      
5,846,212
      
313,446
      
—
      
—
      
(3,021,588
)
    
19,356,045
  
Accumulated amortization          
    
(9,515,383
)
    
—
      
1,102,658
      
(3,675,747
)
    
—
      
2,330,312
      
(9,758,160
)
 
                                                        
Net          
    
6,702,592
      
5,846,212
      
1,416,104
      
(3,675,747
)
    
—
      
(691,276
)
    
9,597,885
  
 
                                                        
Content rights          
    
12,783,404
      
737,465
      
(50,175
)
    
—
      
—
      
(1,854,001
)
    
11,616,693
  
Accumulated amortization
    
(11,589,168
)
    
—
      
—
      
(672,760
)
    
—
      
1,795,303
      
(10,466,625
)
 
                                                        
Net          
    
1,194,236
      
737,465
      
(50,175
)
    
(672,760
)
    
—
      
(58,698
)
    
1,150,068
  
 
                                                        
Total of intangibles, net          
   Ps.
128,893,422
     Ps.
25,602,692     Ps.
2,492,663     Ps.
(17,119,319 )   Ps.
555     Ps.
(18,371,494 )   Ps.
121,498,519  
 
                                                        
Goodwill          
   Ps.
141,121,365     Ps.
—     Ps.
—     Ps.
—     Ps.
—     Ps.
4,957,532     Ps.
146,078,897  

 
For the year ended December 31, 2024
  
 
Balance at
beginning of
year
  
Acquisitions
  
Acquisitions
in business
combinations
  
Disposals and
other
  
Amortization
of the year
  
Effect of
translation of
foreign
subsidiaries
and
Hyperinflation
adjustment
  
Balance at end
of year
  
Licenses and rights of use
   Ps.
247,326,829     Ps.
12,645,575     Ps.
763,101     Ps.
(872,238 )   Ps.
—     Ps.
18,349,117     Ps.
278,212,384  
Accumulated amortization
    
(142,804,443
)
    
—
      
—
      
1,749,617
      
(13,140,279
)
    
(1,872,988
)
    
(156,068,093
)
                                                         
Net
    
104,522,386
      
12,645,575
      
763,101
      
877,379
      
(13,140,279
)
    
16,476,129
      
122,144,291
  
                                                         
Trademarks
    
25,341,418
      
—
      
—
      
(64,374
)
    
—
      
1,209,149
      
26,486,193
  
Accumulated amortization
    
(22,574,252
)
    
—
      
—
      
—
      
(143,406
)
    
(888,574
)
    
(23,606,232
)
                                                         
Net
    
2,767,166
      
—
      
—
      
(64,374
)
    
(143,406
)
    
320,575
      
2,879,961
  
                                                         
Customer relationships
    
20,689,739
      
4,475
      
111,066
      
—
      
—
      
2,599,501
      
23,404,781
  
Accumulated amortization
    
(17,228,725
)
    
—
      
—
      
—
      
(951,706
)
    
(2,498,298
)
    
(20,678,729
)
                                                         
Net
    
3,461,014
      
4,475
      
111,066
      
—
      
(951,706
)
    
101,203
      
2,726,052
  
                                                         
Software licenses
    
19,356,045
      
4,805,054
      
—
      
1,874,257
      
—
      
3,992,205
      
30,027,561
  
Accumulated amortization
    
(9,758,160
)
    
—
      
—
      
595,636
      
(4,905,764
)
    
(2,839,014
)
    
(16,907,302
)
                                                         
Net
    
9,597,885
      
4,805,054
      
—
      
2,469,893
      
(4,905,764
)
    
1,153,191
      
13,120,259
  
                                                         
Content rights
    
11,616,693
      
866,001
      
—
      
(821,107
)
    
—
      
2,630,934
      
14,292,521
  
Accumulated amortization
    
(10,466,625
)
    
—
      
—
      
309,988
      
(723,083
)
    
(2,546,783
)
    
(13,426,503
)
                                                         
Net
    
1,150,068
      
866,001
      
—
      
(511,119
)
    
(723,083
)
    
84,151
      
866,018
  
                                                         
Total of intangibles, net
   Ps.
121,498,519     Ps.
18,321,105     Ps.
874,167     Ps.
2,771,779     Ps.
(19,864,238 )   Ps.
18,135,249     Ps.
141,736,581  
                                                         
Goodwill
  
 Ps.
146,078,897     Ps.
—     Ps.
4,735,752     Ps.
—     Ps.
—     Ps.
6,021,720     Ps.
156,836,369  

b) The aggregate carrying amount of goodwill is allocated by segment as follows:

   
2023
    
2024
  
Europe
  
Ps.
 55,414,076    
Ps.
 62,374,446  
Brazil
    
29,437,800
      
27,897,869
  
Puerto Rico
    
17,463,394
      
17,463,394
  
Dominican Republic
    
14,186,723
      
14,186,723
  
Colombia
    
9,304,613
      
9,677,519
  
Mexico
    
9,186,415
      
9,249,711
  
Chile
    
—
      
4,735,752
  
Peru
    
2,448,614
      
2,564,786
  
El Salvador
    
2,522,768
      
2,522,768
  
Ecuador
    
2,155,384
      
2,155,384
  
Guatemala
    
2,212,615
      
2,261,495
  
Other countries
    
1,746,495
      
1,746,522
  
   
Ps.
 146,078,897    
Ps.
 156,836,369  

c) The following is a description of the major changes in the “Licenses and rights of use” caption during the years ended December 31, 2022, 2023 and 2024:
 
2022 Acquisitions
 
(i) In August 2022, the Company obtained in Mexico, an extension of 9 spectrum frequency band concession titles, segment 1890-1895 MHz for mobile transmission and segment 1970-1975 MHz both for 20 years from April 2025, for an amount of Ps. 721,647.
 
(ii) In March and September 2022, the Company made payments for a 2.5 MHz license in Argentina, which was obtained pursuant to resolution 3687 OC 4500114567 for Ps. 304,386 and resolution 1728/22-OC 4500137839 for an amount of Ps. 411,930 of ENACOM (the communications authority in Argentina), respectively.
 
(iii) In May 2022, the Company’s subsidiary in Nicaragua renewed mobile frequency for 20 years (2022 to 2042) for an amount of Ps. 357,478.
 
(iv) In August 2022, the Company added licenses in Austria as of the acquisition of the Bulgarian company, Stemo (an IT company that sells and integrates hardware solutions, produces and implements information systems and software solutions). Additionally, during the year 2022, Telekom Austria Group acquired licenses and rights of use in Macedonia, Belarus and Austria for an amount of Ps. 331,038, mainly Jetstream (a data-storing platform primarily for streaming data such as IoT device or streaming video or streaming data from any source).
 
(v) During 2022, Claro S.A. acquired software development Claro Pay platform for an amount of Ps. 321,569.
 
Additionally, in 2022, the Company acquired other licenses in the Dominican Republic, Paraguay, Costa Rica and Colombia for an amount of Ps. 208,866.
 
2023 Acquisitions
 
(i) In November 2023, the Company obtained in Argentina, pursuant to resolution 2023-1473 of ENACOM, a concession of spectrum in the 2.6 GHz 5G band for a 15 year-year period for an amount of Ps. 8,731,237.
 
(ii) In April 2023 the Company obtained in Croatia (via A1 Telekom Austria Group) a concession of secured spectrum in a public auction for a 15 year-period for an amount of Ps. 2,220,558. Additionally, in December 2023, the Company acquired in Bulgaria a spectrum license in the 700 MHz and 800 MHz segments for a 15 year-period for an amount of Ps. 422,502.

(iii) In October 2023, the Company obtained a concession of 30 MHz and 2.500 MHz spectrum in Colombia for a 20-year period for an amount of Ps. 1,949,048. Additionally, during 2023, the Company acquires IRU´s for an amount of Ps. 214,792.
 
(iv) In June of 2023, the Company obtained a 2.5 MHz spectrum license in Guatemala for an amount of Ps. 1,859,262.
 
(v) In February and December 2023, the Company obtained in Mexico, an extension of spectrum frequency band concession titles for mobile transmission in the 835-845/880-890 MHz, 2514-2530/2634-2650 MHz and 2517-2530/2637-2650 MHz segments, respectively, for 20-year period for an amount of Ps. 1,239,373.
 
(vi) In July 2023, the Company obtained in Uruguay frequency band concession titles for mobile transmission in the 3300-3400 MHz segment for a 25-year period for an amount of Ps. 464,828.
 
(vii) During 2023, the Company acquired IRU´s in Puerto Rico for an amount of Ps. 296,247 and in the United States for an amount of Ps. 180,956.
 
(viii) During 2023, the Company renewed in Brazil the 5G license carried out by ANATEL for an amount of Ps. 593,273.
 
(ix) In March 2023, the Company obtained two concessions of spectrum band in Peru, which expires in January 2030 and December 2029, respectively, for an amount of Ps. 149,567. Additionally, during 2023, the Company acquired IRU for an amount of Ps. 132,387.
 
Additionally, in 2023, the Company acquired other licenses in Peru, Ecuador, El Salvador and Paraguay for an amount of Ps. 360,903.
 
2024 Acquisitions
 
(i) In February 2024, the Company obtained in Colombia, through resolution 495 10 MHz in the 2,500 MHz band and 496 80 MHz in the 3,500 MHz band, respectively. This concession was granted with some obligations to make, mainly infrastructure construction, like educational institutions and maintain the fiber optic infrastructure available to other providers of telecommunications networks in exchange for the concession for a period of 20 years. Additionally, the Company acquired IRUs in the months of January, May and September, of 880 MBPS, 3150 MBPS and 500 MBPS, respectively, for a period of 10 years and a total consideration of Ps. 10,593,689.
 
(ii) During 2024, the Austrian subsidiary obtained several spectrum frequencies in different regions to provide 5G services as well as for industrial applications, obtaining frequencies up to 180 MHz with a validity of up to December 2039 and December 2046, additionally acquires in Bulgaria spectrum band of 900MHz and 1800 MHz for a period of 10 years for an amount of Ps. 847,724.
 
(iii) The Ecuadorian subsidiary nowadays it is in negotiations for the renewal of the concession with the local government, during this process of accreditation the Company made monthly payments during the 2024 fiscal year for rights for the spectrum band, as of December 31, 2024 the amount paid amounts to Ps. 739,285.
 
(iv) In June 2024, the subsidiary in Uruguay renewal 1900 MHz spectrum with a validity of 20 years for an amount of Ps. 325,259.
 
Additionally, in 2024, the Company acquired other licenses in Paraguay, El Salvador, Brazil, Nicaragua, Argentina, Guatemala and Perú for an amount of Ps. 139,618.
 
Amortization of intangibles for the years ended December 31, 2022, 2023 and 2024 amounted to Ps. 18,065,088, Ps. 17,119,319 and Ps. 19,864,238, respectively.
 
Some of the jurisdictions in which the Company operates can revoke their concessions under certain circumstances such as imminent danger to national security, national economy and natural disasters.