Mexico's America Movil Exec Sees 2024 Capex At $7B; CFO Says We Are Maintaining Colombian Investments, To Implement 5G This Year; Sees No Major Spectrum Spending In 2024 Except In Ecuador
Portfolio Pulse from Benzinga Newsdesk
America Movil, a leading telecommunications company, plans to maintain its capital expenditure at $7 billion in 2024, with a focus on maintaining investments in Colombia and implementing 5G within the year. The company does not anticipate major spectrum spending in 2024, except for in Ecuador.
February 14, 2024 | 3:56 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
America Movil plans to maintain a $7 billion capital expenditure in 2024, with significant investments in Colombia for 5G implementation and limited spectrum spending, except in Ecuador.
The commitment to a steady capital expenditure and the strategic investment in 5G technology in Colombia indicate a positive outlook for America Movil's growth and operational efficiency. The limited spectrum spending, except for the planned expenditure in Ecuador, suggests a focused and efficient allocation of resources. These factors are likely to be viewed positively by investors, potentially leading to a short-term increase in AMX's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90