America Movil, S.A.B. de C.V. (AMX) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. My name is Samantha, and I will be your conference operator today. At this time, I would like to welcome everyone to the America Movil First Quarter twenty twenty six Conference Call and Webcast. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press Thank you. I will now turn the call over to Ms. Daniella Laquona, Head of Investor Relations. Good morning. Thank you all for joining us today to discuss our first quarter of twenty twenty six financial and operating report. We have today on the line Mr. Daniel Cash, our CEO Mr. Oscar Bonhauske, our COO and Mr. Carlos Graciamoreno, our CFO. Thank you, Daniela. Thank you everyone for being in the call. Carlos is going to make a summary of the first quarter results. Carlos? Thank you, Daniel. Good morning, Well, downward trend on short term dollar interest rate following the 35 basis points rate reduction of the policy rate by the Fed in December continued in the beginning of the first quarter as the market became increasingly concerned with a potential slowdown in economic activity in The U. S. The value of the dollar versus other currency during those in our region of operations declined throughout the first part of the quarter with the dollar falling 4.3% versus the Mexican peso, 3 percent versus the Chilean peso and 6.4% versus the Brazilian real by the end of February. With the major exception of the latter, the U. S. Dollar made up practically all its losses in the weeks after the initiation of the World War Ilan. Throughout the period, the differential between short term rates and ten year rates widened significantly from eight basis points to 64 basi...