America Movil, S.A.B. de C.V. (AMX) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. My name is Kevin and I will be your conference operator today. At this time, I would like to welcome everyone to the America Mobile third quarter 2025 conference call and webcast. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during that time, simply raise your hand. If you are connected via telephone, please press star, followed by the number nine on your telephone keypad, and star, followed by the number six to unmute. I will now turn the call over to Ms. Daniela Laquona, Head of Investor Relations. Good morning, everyone. Thank you for joining us today to discuss our third quarter financial and operating report. We have today on the line Mr. Daniel Hash, our CEO. Mr. Carlos Garcia Moreno, our CFO, and also Mr. Oscar González, our COO. Thank you, Daniela. Welcome to America Mobile's third quarter of 2025 Financial and Operating Report. Carlos is going to make us a summary of the results. Thank you, Daniela. Good morning, everyone. Well, we saw in the third quarter with the U.S. economy finally appearing to slow down, as evidenced by a sharp decline in the number of new jobs created, the Fed went ahead with a much-anticipated reduction in its policy rate, which was brought down by 25 basis points in September. Since mid-July, long-term interest rates have been on a downward trend, with 10-year rates falling from nearly 4.5% to 4.1% at the end of the quarter. With lower interest rates and the expectation of further interest rate cuts by the Fed, the U.S. dollar lost ground versus practically all currencies in our region of operations, declining 2.7% versus the Mexican peso, 2.5% versus the Brazilian real, and 4.1% versus th...