Basis of Preparation of the Consolidated Financial Statements and Summary of Significant Accounting Policies and Practices (Tables)
|
12 Months Ended |
Dec. 31, 2024 |
Basis of Preparation of the Consolidated Financial Statements and Summary of Significant Accounting Policies and Practices [Abstract] |
|
Equity Interest on Subsidiaries |
The equity interest in the most significant subsidiaries is as follows:
|
|
|
|
Equity
interest at
December 31
|
|
|
|
Country |
|
2023 |
|
|
2024 |
|
Subsidiaries:
|
|
|
|
|
|
|
|
|
América Móvil B.V. a)
|
|
Netherlands
|
|
|
100.0
|
%
|
|
|
100.0
|
%
|
Compañía Dominicana de Teléfonos, S.A. (“Codetel”) b)
|
|
Dominican Republic
|
|
|
100.0
|
%
|
|
|
100.0
|
%
|
Sercotel, S.A. de C.V. a)
|
|
Mexico
|
|
|
100.0
|
%
|
|
|
100.0
|
%
|
Radiomóvil Dipsa, S.A. de C.V. and subsidiaries (“Telcel”) b)
|
|
Mexico
|
|
|
100.0
|
%
|
|
|
100.0
|
%
|
Puerto Rico Telephone Company, Inc. b)
|
|
Puerto Rico
|
|
|
100.0
|
%
|
|
|
100.0
|
%
|
Servicios de Comunicaciones de Honduras, S.A. de C.V. (“Sercom Honduras”) b)
|
|
Honduras
|
|
|
100.0
|
%
|
|
|
100.0
|
%
|
Claro S.A. b)
|
|
Brazil
|
|
|
99.6
|
%
|
|
|
99.6
|
%
|
AMX International Mobile S.A. de C.V. a)
|
|
Mexico
|
|
|
100.0
|
%
|
|
|
100.0
|
%
|
Claro NXT Telecomunicações, S.A. b)
|
|
Brazil
|
|
|
100.0
|
%
|
|
|
100.0
|
%
|
Telecomunicaciones de Guatemala, S.A. (“Telgua”) b)
|
|
Guatemala
|
|
|
99.3
|
%
|
|
|
99.3
|
%
|
Claro Guatemala, S.A. b)
|
|
Guatemala
|
|
|
100.0
|
%
|
|
|
100.0
|
%
|
Empresa Nicaragüense de Telecomunicaciones, S.A. (“Enitel”) b)
|
|
Nicaragua
|
|
|
99.6
|
%
|
|
|
99.6
|
%
|
Compañía de Telecomunicaciones de El Salvador, S.A. de C.V. (“CTE”) b)
|
|
El Salvador
|
|
|
95.8
|
%
|
|
|
95.9
|
%
|
Comunicación Celular, S.A. (“Comcel”) b)
|
|
Colombia
|
|
|
99.4
|
%
|
|
|
99.4
|
%
|
Consorcio Ecuatoriano de Telecomunicaciones, S.A. (“Conecel”) b)
|
|
Ecuador
|
|
|
100.0
|
%
|
|
|
100.0
|
%
|
AMX Argentina, S.A. b)
|
|
Argentina
|
|
|
100.0
|
%
|
|
|
100.0
|
%
|
AMX Paraguay, S.A. b)
|
|
Paraguay
|
|
|
100.0
|
%
|
|
|
100.0
|
%
|
AM Wireless Uruguay, S.A. b)
|
|
Uruguay
|
|
|
100.0
|
%
|
|
|
100.0
|
%
|
América Móvil Perú, S.A.C b)
|
|
Peru
|
|
|
100.0
|
%
|
|
|
100.0
|
%
|
Teléfonos de México, S.A.B. de C.V. b)
|
|
Mexico
|
|
|
98.8
|
%
|
|
|
100.0
|
%
|
Claro Chile, SpA d)
|
|
Chile
|
|
|
50.0
|
%
|
|
|
94.9
|
%
|
Telekom Austria AG b)
|
|
Austria
|
|
|
58.4
|
%
|
|
|
60.6
|
%
|
EuroTeleSites AG and subsidiaries c)
|
|
Austria
|
|
|
57.0
|
%
|
|
|
57.0
|
%
|
a) Holding companies.
b) Operating companies of mobile and fixed services.
c) Company spun-off from Telekom Austria AG on September 22,
2023.
d) Joint venture until October 31, 2024 (see note 12b).
|
Annual Depreciation Rates |
Annual depreciation rates are as follows:
Network infrastructure
|
|
|
5%-33
|
%
|
Buildings and leasehold improvement
|
|
|
2%-33
|
%
|
Other assets
|
|
|
10%-50
|
%
|
|
Estimates Used for Impairment Evaluations |
The most significant forward-looking estimates used for the 2023 and 2024 impairment evaluations are shown below:
|
|
Average margin on
EBIDTA
|
|
|
Average margin on
CAPEX
|
|
|
Average pre-tax
discount rate
(WACC)
|
|
2023:
|
|
|
|
|
|
|
|
|
|
Europe (7 countries)
|
|
|
26.81% - 43.90
|
%
|
|
|
4.46% - 16.89
|
%
|
|
|
6.08% - 29.15
|
%
|
Brazil (fixed line, wireless and TV)
|
|
|
43.07
|
%
|
|
|
14.37
|
%
|
|
|
10.45
|
%
|
Puerto Rico
|
|
|
23.92
|
%
|
|
|
10.46
|
%
|
|
|
6.31
|
%
|
Dominican Republic
|
|
|
52.34
|
%
|
|
|
13.78
|
%
|
|
|
11.95
|
%
|
Mexico (fixed line and wireless)
|
|
|
36.10
|
%
|
|
|
10.66
|
%
|
|
|
9.37
|
%
|
Ecuador
|
|
|
50.81
|
%
|
|
|
18.49
|
%
|
|
|
21.77
|
%
|
Peru
|
|
|
41.80
|
%
|
|
|
7.11
|
%
|
|
|
9.13
|
%
|
El Salvador
|
|
|
46.27
|
%
|
|
|
9.26
|
%
|
|
|
20.15
|
%
|
Colombia
|
|
|
43.39
|
%
|
|
|
20.78
|
%
|
|
|
10.15
|
%
|
Other countries
|
|
|
28.06% - 51.46
|
%
|
|
|
11.68% - 27.15
|
%
|
|
|
10.29% - 22.79
|
%
|
2024:
|
|
|
|
|
|
|
|
|
|
Europe (7 countries)
|
|
|
35.05% - 43.18
|
%
|
|
|
2.83% - 18.57
|
%
|
|
|
4.88% - 27.16
|
%
|
Brazil (fixed line, wireless and TV)
|
|
|
44.75
|
%
|
|
|
16.97
|
%
|
|
|
8.11
|
%
|
Puerto Rico
|
|
|
24.41
|
%
|
|
|
8.67
|
%
|
|
|
4.38
|
%
|
Dominican Republic
|
|
|
53.64
|
%
|
|
|
14.13
|
%
|
|
|
9.51
|
%
|
Mexico (fixed line and wireless)
|
|
|
37.31
|
%
|
|
|
9.35
|
%
|
|
|
8.36
|
%
|
Ecuador
|
|
|
49.66
|
%
|
|
|
13.95
|
%
|
|
|
15.72
|
%
|
Peru
|
|
|
39.33
|
%
|
|
|
10.41
|
%
|
|
|
8.28
|
%
|
El Salvador
|
|
|
46.37
|
%
|
|
|
13.42
|
%
|
|
|
13.35
|
%
|
Colombia
|
|
|
42.25
|
%
|
|
|
17.31
|
%
|
|
|
7.24
|
%
|
Other countries
|
|
|
28.02% - 52.47
|
%
|
|
|
11.48% - 22.35
|
%
|
|
|
7.22% - 24.06
|
%
|
|
Lease Term and Estimated Useful Life of Right-of-Use Assets |
Right-of-use assets are
depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets, as follows:
Assets
|
Useful life
|
Towers and sites
|
2 to 24 years
|
Property
|
2 to 24 years
|
Other equipment
|
2 to 20 years
|
|
Exchange Rates Used for Translation of Foreign Currencies |
The exchange rates used for the translation of foreign currencies against the Mexican peso are as follows:
|
|
|
Average exchange rate |
|
|
Closing exchange rate
at December 31,
|
|
Country or Zone
|
Currency
|
|
2022
|
|
|
2023
|
|
|
2024
|
|
|
2023
|
|
|
2024
|
|
Argentina (1)
|
Argentine Peso (AR$)
|
|
|
0.1586
|
|
|
|
0.0680
|
|
|
|
0.0200
|
|
|
|
0.0209
|
|
|
|
0.0196
|
|
Brazil
|
Real (R$)
|
|
|
3.9045
|
|
|
|
3.5545
|
|
|
|
3.3963
|
|
|
|
3.4895
|
|
|
|
3.2731
|
|
Colombia
|
Colombian Peso (COP$)
|
|
|
0.0048
|
|
|
|
0.0041
|
|
|
|
0.0045
|
|
|
|
0.0044
|
|
|
|
0.0046
|
|
Guatemala
|
Quetzal
|
|
|
2.5981
|
|
|
|
2.2675
|
|
|
|
2.3597
|
|
|
|
2.1584
|
|
|
|
2.6301
|
|
U.S.A. (2)
|
US Dollar
|
|
|
20.1283
|
|
|
|
17.7617
|
|
|
|
18.3045
|
|
|
|
16.8935
|
|
|
|
20.2683
|
|
Uruguay
|
Uruguay Peso
|
|
|
0.4893
|
|
|
|
0.4574
|
|
|
|
0.4548
|
|
|
|
0.4329
|
|
|
|
0.4600
|
|
Nicaragua
|
Cordoba
|
|
|
0.5611
|
|
|
|
0.4875
|
|
|
|
0.4998
|
|
|
|
0.4613
|
|
|
|
0.5534
|
|
Honduras
|
Lempira
|
|
|
0.8171
|
|
|
|
0.7184
|
|
|
|
0.7341
|
|
|
|
0.6819
|
|
|
|
0.7948
|
|
Chile
|
Chilean Peso (CLP$)
|
|
|
0.0232
|
|
|
|
0.0212
|
|
|
|
0.0194
|
|
|
|
0.0193
|
|
|
|
0.0203
|
|
Paraguay
|
Guaraní
|
|
|
0.0029
|
|
|
|
0.0024
|
|
|
|
0.0024
|
|
|
|
0.0023
|
|
|
|
0.0026
|
|
Peru
|
Sol (PEN$)
|
|
|
5.2454
|
|
|
|
4.7394
|
|
|
|
4.8721
|
|
|
|
4.5498
|
|
|
|
5.3762
|
|
Dominican Republic
|
Dominican Peso
|
|
|
0.3647
|
|
|
|
0.3163
|
|
|
|
0.3069
|
|
|
|
0.2893
|
|
|
|
0.3301
|
|
Costa Rica
|
Colon
|
|
|
0.0310
|
|
|
|
0.0324
|
|
|
|
0.0353
|
|
|
|
0.0321
|
|
|
|
0.0395
|
|
European Union
|
Euro
|
|
|
21.2285
|
|
|
|
19.2047
|
|
|
|
19.8011
|
|
|
|
18.6487
|
|
|
|
20.9939
|
|
Bulgaria
|
Lev
|
|
|
10.8523
|
|
|
|
9.8189
|
|
|
|
10.1235
|
|
|
|
9.5336
|
|
|
|
10.7262
|
|
Belarus
|
New Belarusian Ruble
|
|
|
7.3993
|
|
|
|
6.4630
|
|
|
|
6.6606
|
|
|
|
6.1471
|
|
|
|
0
|
|
Croatia
|
Croatian Kuna
|
|
|
2.8173
|
|
|
|
2.5487
|
|
|
|
2.6279
|
|
|
|
2.4751
|
|
|
|
2.7864
|
|
Macedonia
|
Macedonian Denar
|
|
|
0.3445
|
|
|
|
0.3119
|
|
|
|
0.3215
|
|
|
|
0.3038
|
|
|
|
0.3423
|
|
Serbia
|
Serbian Denar
|
|
|
0.1807
|
|
|
|
0.1638
|
|
|
|
0.1691
|
|
|
|
0.1593
|
|
|
|
0.1794
|
|
(1) |
Year-end rates are used for the translation of revenues and expenses if IAS 29 “Financial
Reporting in Hyperinflationary Economies” is applied.
|
(2) |
Includes Ecuador, El Salvador and Puerto Rico.
|
|
Joint Venture [Member] |
|
Disclosure of analysis of single amount of discontinued operations [line items] |
|
Result of Discontinued Operations |
The results of discontinued operations are as follows:
|
|
For the period
ended as of
October 6, 2022
|
|
Operating revenue:
|
|
|
|
Service revenues
|
|
Ps.
|
10,500,087 |
|
Sales of equipment
|
|
|
2,626,823
|
|
|
|
|
13,126,910
|
|
Total costs and expenses
|
|
|
14,954,526
|
|
Operating loss
|
|
|
(1,827,616
|
)
|
Financial costs
|
|
|
(685,129
|
)
|
Loss before income taxes of discontinued operations
|
|
|
(2,512,745
|
)
|
Income taxes:
|
|
|
(1,805,500
|
)
|
Net loss of the period from discontinued operations
|
|
Ps.
|
(707,245 |
) |
|
Claro Panama [Member] |
|
Disclosure of analysis of single amount of discontinued operations [line items] |
|
Result of Discontinued Operations |
The results of discontinued operations for the year are shown below:
|
|
July 1st |
|
Operating revenue:
|
|
2022
|
|
Revenue services
|
|
Ps.
|
1,210,109 |
|
Sales of equipment
|
|
|
206,595
|
|
|
|
|
1,416,704
|
|
Total costs and expenses
|
|
|
1,403,311
|
|
Operating income
|
|
|
13,393
|
|
Financial costs
|
|
|
(39,538
|
)
|
Gain on sale of discontinued operations
|
|
|
3,405,014
|
|
Profit before income taxes from discontinued operations
|
|
|
3,378,869
|
|
Income taxes:
|
|
|
—
|
|
Net profit of the period of discontinued operations
|
|
Ps.
|
3,378,869 |
|
|
Deconsolidated Assets and Liabilities on Disposal Date |
The deconsolidated assets and liabilities of Claro Panama as of the date of disposal were the following:
|
|
As of July 1,
2022
|
|
Current assets:
|
|
|
|
Cash
|
|
Ps.
|
24,202 |
|
Account receivable to subscribers, distributors and others, net
|
|
|
666,114
|
|
Inventories, net
|
|
|
169,851
|
|
Other assets, net
|
|
|
4,457
|
|
Total current assets
|
|
|
864,624
|
|
|
|
|
|
|
Non-current assets:
|
|
|
|
|
Property, plant and equipment
|
|
|
1,102,062
|
|
Intangibles, net
|
|
|
1,810,964
|
|
Account receivables to subscribers, distributors and others, net
|
|
|
42,368
|
|
Other assets, net
|
|
|
12,291
|
|
Right-of-use
|
|
|
975,019
|
|
Total assets
|
|
Ps.
|
4,807,328 |
|
|
|
|
|
|
Short term liability related to right-of-use assets
|
|
Ps.
|
198,289 |
|
Accounts payable
|
|
|
576,522
|
|
Payable taxes
|
|
|
24,981
|
|
Related parties
|
|
|
1,159
|
|
Deferred income
|
|
|
126,904
|
|
Long term liability related to right-of-use assets
|
|
Ps.
|
855,969 |
|
Deferred income
|
|
|
129,062
|
|
Total liabilities
|
|
|
1,912,886
|
|
Net assets directly related to the Group’s disposal
|
|
Ps.
|
2,894,442 |
|
|