América Móvil, S.A.B. de C.V. (AMX): Análisis PESTLE [Actualizado en enero de 2025]

América Móvil, S.A.B. de C.V. (AMX) se encuentra en la encrucijada de la compleja dinámica de telecomunicaciones en América Latina, navegando por un laberinto de desafíos políticos, económicos y tecnológicos que dan forma a su paisaje estratégico. Como gigante de las telecomunicaciones, AMX se adapta continuamente a las condiciones de mercado volátiles de la región, aprovechando su extensa infraestructura de red y capacidades innovadoras para mantener una ventaja competitiva. Este análisis integral de mano revela los factores externos multifacéticos que influyen profundamente en las operaciones comerciales de AMX, ofreciendo una inmersión profunda en el intrincado ecosistema que impulsa una de las empresas de telecomunicaciones más importantes de América Latina.

América Móvil, S.A.B. de C.V. (AMX) - Análisis de mortero: factores políticos

La política de telecomunicaciones de México influye en las estrategias de mercado de AMX

En 2024, el Marco Regulatorio de Telecomunicaciones de México, gobernado por el Instituto Federal de Telecomunicaciones (IFT), continúa dando forma a las estrategias operativas de América Móvil. La compañía enfrenta regulaciones estrictas que tienen como objetivo promover la competencia del mercado.

Aspecto regulatorio	Impacto en AMX
Limitación de cuota de mercado	Cuota de mercado máxima del 50% en los servicios de telecomunicaciones
Restricciones de asignación de espectro	Limitado a 80 MHz en redes móviles
Tasas de interconexión	Regulado a 0.0032 USD por minuto en 2024

Entorno regulatorio complejo en países latinoamericanos

AMX opera en múltiples mercados latinoamericanos con diversos paisajes políticos, que requieren estrategias de cumplimiento regulatorias adaptativas.

• Brasil: requiere una propiedad local mínima del 51% en las compañías de telecomunicaciones
• Colombia: mandatos regulaciones para compartir infraestructura
• Argentina: impone requisitos estrictos de localización de datos
• Chile: aplica principios de neutralidad de la red

Asignación y licencia del espectro gubernamental

La asignación del espectro impacta directamente en las capacidades de expansión de la red de AMX en los mercados latinoamericanos.

País	Asignación de espectro 5G (2024)	Costo de licencia
México	Bandas de 3.5 GHz y 26 GHz	342 millones de USD
Brasil	Banda de 3.5 GHz	1.100 millones de USD
Colombia	Bandas de 700 MHz y 3.5 GHz	215 millones de USD

Estabilidad política en mercados clave

Evaluación de riesgos políticos Sigue siendo crítico para las estrategias de inversión de AMX en América Latina.

• México: Calificación de estabilidad política de 6.2/10 en 2024
• Brasil: Calificación de estabilidad política de 5.8/10 en 2024
• Argentina: Calificación de estabilidad política de 4.3/10 en 2024
• Colombia: Calificación de estabilidad política de 5.5/10 en 2024

América Móvil, S.A.B. de C.V. (AMX) - Análisis de mortero: factores económicos

Tasas de cambio de divisas fluctuantes en mercados latinoamericanos

En 2023, América Móvil experimentó una volatilidad monetaria significativa en los mercados latinoamericanos. El verdadero brasileño se depreció en un 6.2% frente al dólar estadounidense, mientras que el peso mexicano fluctuó con una variación del 3.8%. Estas dinámicas del tipo de cambio afectaron directamente el desempeño financiero de la Compañía.

País	Depreciación monetaria (2023)	Impacto en los ingresos
Brasil	6.2%	Reducción de $ 412 millones
México	3.8%	Ajuste de $ 287 millones
Argentina	12.5%	Impacto de $ 156 millones

Desaceleraciones económicas en Brasil y México

El crecimiento del PIB de Brasil en 2023 fue del 2.1%, mientras que el de México fue del 3.3%. Estas tasas de crecimiento moderadas desafiaron las estrategias de expansión de ingresos de América Móvil. El sector de las telecomunicaciones experimentó un 4.2% de contracción en nuevas adquisiciones de suscriptores durante este período.

País	Crecimiento del PIB (2023)	Crecimiento del sector de las telecomunicaciones
Brasil	2.1%	-2.7%
México	3.3%	-1.5%

Inversiones de infraestructura de telecomunicaciones

América Móvil invirtió $ 1.7 mil millones en desarrollo de infraestructura en América Latina en 2023. Las áreas de inversión clave incluyeron:

• Expansión de la red 5G: $ 612 millones
• Infraestructura de fibra óptica: $ 453 millones
• Proyectos de conectividad rural: $ 289 millones

Presiones de precios competitivos

El precio promedio de datos móviles en América Latina disminuyó en un 15,3% en 2023, creando importantes presiones de precios competitivas. Los ingresos promedio de América Móvil por usuario (ARPU) disminuyeron de $ 8.75 a $ 7.42 durante este período.

Métrico de fijación de precios	Valor 2022	Valor 2023	Cambio porcentual
Precio de datos móviles	$ 12.50/GB	$ 10.60/GB	-15.3%
Ingresos promedio por usuario	$8.75	$7.42	-15.2%

América Móvil, S.A.B. de C.V. (AMX) - Análisis de mortero: factores sociales

Crecientes demandas de conectividad digital entre las poblaciones latinoamericanas

A partir de 2024, América Latina demuestra un crecimiento significativo de conectividad digital con las siguientes métricas clave:

País	Tasa de penetración móvil	Penetración en Internet
México	93.4%	79.1%
Brasil	89.7%	75.3%
Colombia	87.2%	70.6%

Aumento del uso de Internet móvil en segmentos demográficos

Revelación de la demografía de uso de Internet móvil:

• 18-34 Grupo de edad: 92.5% Penetración de Internet móvil
• 35-54 Grupo de edad: 78.3% Penetración de Internet móvil
• Grupo de edad de 55+: 45.6% de penetración de Internet móvil

Antes de expectativas del consumidor para servicios de telecomunicaciones asequibles e integrales

Categoría de servicio	Costo mensual promedio	Tasa de satisfacción del consumidor
Plan de datos móvil	$15.50	76.3%
Voz/texto ilimitado	$22.75	81.2%
Servicios Bundled	$45.60	84.7%

Las redes sociales y las tendencias de comunicación digital de la innovación del servicio de conducción

Uso de la plataforma de comunicación digital:

• WhatsApp: 87.3% Penetración de usuarios
• Facebook Messenger: 72.6% de penetración de usuarios
• Instagram: 65.4% de penetración del usuario
• Tiktok: 52.1% de penetración del usuario

La innovación del servicio de América Móvil se centra en datos móviles de alta velocidad y Paquetes de comunicación digital asequibles Para satisfacer las demandas de conectividad social en evolución.

América Móvil, S.A.B. de C.V. (AMX) - Análisis de mortero: factores tecnológicos

Inversión continua en infraestructura y tecnología de red 5G

A partir de 2024, América Móvil ha invertido $ 1.2 mil millones En la infraestructura de red 5G en América Latina. La cobertura de red 5G de la compañía actualmente abarca:

País	Cobertura 5G (%)	Ciudades cubiertas
México	42%	37
Brasil	35%	28
Colombia	25%	19

Expandir las capacidades de transformación digital en las plataformas de telecomunicaciones

Inversiones de transformación digital para 2024 Total $ 850 millones, centrándose en la infraestructura en la nube y las plataformas de servicio digital.

Área de transformación digital	Inversión ($ m)	Ganancia de eficiencia esperada (%)
Servicios en la nube	350	22%
Modernización de la plataforma digital	300	18%
Infraestructura IoT	200	15%

Soluciones avanzadas de datos móviles y conectividad a Internet

Métricas de rendimiento de datos móviles de América Móvil para 2024:

• Velocidad promedio de datos móviles: 187 Mbps
• Latencia de red: 12 milisegundos
• Cobertura de datos móviles: 94% en todas las regiones de servicio

Implementación de inteligencia artificial y aprendizaje automático en tecnologías de servicio al cliente

IA y inversiones en tecnología de aprendizaje automático para 2024:

Aplicación de IA	Inversión ($ m)	Mejora de satisfacción del cliente esperada
Desarrollo de chatbot	75	35%
Atención al cliente predictiva	65	28%
Enrutamiento de servicio automatizado	55	22%

América Móvil, S.A.B. de C.V. (AMX) - Análisis de mortero: factores legales

Marcos regulatorios complejos de telecomunicaciones en múltiples países latinoamericanos

América Móvil opera bajo diversos entornos legales en 18 países de América Latina. El paisaje regulatorio implica regulaciones complejas de telecomunicaciones específicas de cada jurisdicción.

País	Cuerpo regulador	Regulación clave de telecomunicaciones	Año de la última regulación
México	IFT (Instituto Federal de Telecomunicaciones)	Telecomunicaciones y transmisión de ley federal	2022
Brasil	Anátelo	Ley de Telecomunicaciones Generales	2021
Colombia	Mínimo	Ley de Tecnología de Información y Comunicaciones	2022

Cumplimiento de las regulaciones de privacidad de datos y protección del consumidor

Inversiones de cumplimiento de protección de datos: América Móvil ha asignado $ 42.5 millones en 2023 por infraestructura legal y tecnológica para garantizar el cumplimiento de las regulaciones de protección de datos en sus mercados operativos.

País	Ley de privacidad de datos	Requisitos de cumplimiento	Potencial multa para el incumplimiento
México	Ley Federal sobre Protección de datos personales	Consentimiento, minimización de datos, medidas de seguridad	Hasta $ 1.5 millones de USD
Brasil	LGPD (Lei Geral de Proteção de Dados)	Procesamiento de datos transparentes, derechos de usuario	Hasta el 2% de los ingresos anuales

Consideraciones antimonopolio y ley de competencia en el sector de las telecomunicaciones

América Móvil enfrenta un importante escrutinio antimonopolio, con consideraciones de participación de mercado en múltiples jurisdicciones.

País	Cuota de mercado	Intervención regulatoria	Restricciones potenciales
México	62.3% de participación en el mercado móvil	Monitoreo regulatorio de IFT	Posible compartir redes obligatorias
Brasil	24.7% de participación en el mercado móvil	Investigaciones antimonopolio Cade	Requisitos potenciales de desinversión

Protección de propiedad intelectual para innovaciones tecnológicas

Cartera de propiedades intelectuales: América Móvil posee 287 patentes de tecnología activa en los mercados latinoamericanos a partir de 2023.

Categoría de patente	Número de patentes	Inversión en I + D (2023)	Países de registro de patentes
Tecnología de telecomunicaciones	172	$ 156.3 millones	México, Brasil, Colombia, Argentina
Infraestructura de red	115	$ 98.7 millones	México, Chile, Perú

América Móvil, S.A.B. de C.V. (AMX) - Análisis de mortero: factores ambientales

Compromiso de reducir las emisiones de carbono en la infraestructura de telecomunicaciones

América Móvil se ha comprometido a reducir las emisiones de carbono por 50% Para 2030 a través de su infraestructura de telecomunicaciones. La huella de carbono actual de la compañía es de 1,245,000 toneladas métricas de CO2 equivalente anualmente.

Año	Emisiones de carbono (toneladas métricas)	Objetivo de reducción
2022	1,245,000	Base
2025	987,500	20%
2030	622,500	50%

Implementación de tecnología verde en operaciones de red

La compañía ha invertido $ 127 millones en tecnología verde para infraestructura de red, centrándose en equipos de eficiencia energética e integración de energía renovable.

Tecnología	Inversión	Ahorro de energía
Estaciones base de eficiencia energética	$ 45 millones	Reducción del 22% en el consumo de energía
Torres celulares con energía solar	$ 52 millones	Uso de energía renovable del 35%
Sistemas de enfriamiento inteligentes	$ 30 millones	Reducción del 18% en la energía de enfriamiento

Soluciones de energía sostenible para instalaciones de telecomunicaciones

América Móvil ha implementado soluciones de energía renovable en todo 187 instalaciones de telecomunicaciones, generando 215 GWH de energía limpia anualmente.

Fuente de energía renovable	Número de instalaciones	Generación de energía anual
Solar	124	145 GWH
Viento	41	55 GWH
Sistemas híbridos	22	15 GWH

Iniciativas de gestión de residuos electrónicos y reciclaje

La compañía ha establecido un programa integral de reciclaje de residuos electrónicos, procesamiento 12,500 toneladas de desechos electrónicos en 2023 con un 95% tasa de reciclaje.

Categoría de desechos	Peso total (toneladas)	Tasa de reciclaje
Dispositivos móviles	3,750	98%
Equipo de red	6,250	94%
Baterías	2,500	93%

América Móvil, S.A.B. de C.V. (AMX) - PESTLE Analysis: Social factors

Sociological

The social landscape for América Móvil is defined by a clear bifurcation in consumer behavior: a flight to quality among higher-value customers and acute price sensitivity in the mass market. This shift is forcing a dual strategy focused on premium network investment and efficient management of the prepaid base. Honestly, the key takeaway is that the future revenue stream is premium, not volume.

You can see this trend starkly in the Q2 2025 operating results. We saw a robust increase in our high-value contract customers, but this was offset by churn in the lower-end segment. This dynamic confirms that the social demand for reliable, high-speed connectivity is driving customers toward postpaid plans, which typically have a higher Average Revenue Per User (ARPU).

Strong focus on high-value postpaid growth, adding 2.9 million new clients in Q2 2025

The social desire for better mobile service quality and bundled offerings is propelling the postpaid segment. América Móvil added a net total of 2.9 million postpaid clients in the second quarter of 2025, representing a year-over-year increase of 6.8% in the postpaid base. This growth is a direct response to consumers demanding more reliable connections for work, education, and entertainment.

Here's the quick math on where the high-value growth is concentrated:

• Brazil: Contributed 1.4 million new contract clients.
• Colombia: Added 199 thousand postpaid subscribers.
• Mexico: Saw an addition of 102 thousand new clients.

This focus on higher-value customers is already translating into stronger financial performance, with mobile postpaid service revenue expanding by a significant 9.5% year-over-year in Q2 2025.

Prepaid segment saw 1.1 million net disconnections in Q2 2025, reflecting price sensitivity and MVNO competition

The flip side of the postpaid surge is the pressure on the prepaid segment. In Q2 2025, América Móvil recorded net disconnections of 1.1 million prepaid subscribers. This is a clear signal of heightened price sensitivity and the impact of Mobile Virtual Network Operator (MVNO) competition, especially in markets where economic uncertainty is still a factor.

The disconnections were mostly concentrated in markets like Brazil, Chile, and Central America, with a subscriber clean-up in Honduras contributing to the total. Still, the prepaid platform is not a complete loss; prepaid revenue growth did recover to a 3.1% pace in the quarter, up from 0.9% in the preceding quarter.

Increasing demand for digital inclusion and high-speed data drives fiber-to-the-home (FTTH) and 5G adoption

Digital inclusion-the social imperative to connect all citizens-is the core driver for fixed-line and next-generation mobile network investment. Consumers are demanding the bandwidth necessary for high-definition streaming, remote work, and online education. This pressure is accelerating our deployment of fiber-to-the-home (FTTH) and 5G infrastructure.

In Q2 2025, the fixed-line segment connected an additional 462 thousand new broadband accesses, with Mexico alone contributing 231 thousand of those additions. The fixed broadband base grew 4.5% year-over-year. This investment is strategic: by Q2 2025, América Móvil had already connected 15% of households in its operating regions to fiber broadband, a figure projected to double by 2026.

Nearly two-thirds of Latin American consumers plan to upgrade to 5G, signaling a clear future revenue stream

The social appetite for 5G is immense and represents a massive future revenue opportunity. A GSMA Intelligence survey indicates that nearly two-thirds of consumers in Latin America intend to upgrade to 5G. This is one of the lowest rates of consumer uncertainty about upgrading globally.

This consumer sentiment underpins our accelerated 5G deployment, which is a primary focus for 2025, backed by a capital expenditure (capex) budget of US$6.7 billion for the year. 5G connections are forecasted to represent 12% of total mobile connections in Latin America by the end of 2025. Our subsidiary, Telcel, in Mexico has already signed up over 10 million subscribers to its 5G network.

Q2 2025 Social/Subscriber Metric	Value/Amount	Significance to AMX
Postpaid Net Additions	2.9 million clients	Strong growth in high-ARPU, high-value customer base.
Postpaid Base Growth (YoY)	6.8%	Sustained shift toward contract-based, stable revenue.
Prepaid Net Disconnections	1.1 million subscribers	Exposure to price sensitivity and MVNO competition in the mass market.
Fixed Broadband Net Additions	462 thousand accesses	Indicates success in meeting social demand for high-speed fixed data (FTTH).
Latin American Consumers Planning 5G Upgrade	Nearly two-thirds	Clear, massive future revenue stream for 5G investment.

América Móvil, S.A.B. de C.V. (AMX) - PESTLE Analysis: Technological factors

You need to know that América Móvil, S.A.B. de C.V.'s (AMX) technological strategy for 2025 is a dual-engine approach: aggressive 5G deployment for mobile dominance and deep fiber-optic penetration for fixed broadband revenue growth. This isn't just about faster speeds; it's a calculated move to capture high-value postpaid and fixed-line customers, which is defintely driving the company's improved profitability.

Here's the quick math: The company's projected capital expenditure (CapEx) for 2025 is a significant US$6.7 billion, a slight reduction from 2024 but still laser-focused on these next-generation technologies. This investment is the bedrock of their long-term competitive advantage in Latin America.

Accelerated 5G Deployment Extended Coverage to Over 125 Cities and 10 Million 5G Subscribers by September 2025

The race for next-generation network speed is the core battleground, and América Móvil is prioritizing this rollout. By August 2025, the company's 5G network, primarily under the Telcel brand, had expanded coverage to more than 125 cities across its operating regions. This rapid expansion is critical because it allows them to be the first to market in key urban and suburban centers, locking in early adopters.

The subscriber uptake has been robust, surpassing 10 million 5G subscribers nationwide by the same period. This strong migration from 4G to 5G is a key driver for Average Revenue Per User (ARPU) growth, as 5G customers typically opt for higher-tier, more profitable postpaid plans. In Q2 2025 alone, América Móvil added 2.9 million postpaid clients, with Brazil and Mexico leading the charge.

Key Mobile Metric	Value (As of Q2 2025)	Strategic Implication
2025 CapEx Allocation (Total)	US$6.7 billion	Prioritizes 5G and fiber-optic rollout.
5G Cities Covered	>125 cities	First-mover advantage in major Latin American markets.
New Postpaid Subscribers (Q2 2025)	2.9 million	Indicates successful upselling to higher-margin 5G plans.

Substantial Investment in Fiber Optic Networks is Crucial for Fixed Broadband Revenue Growth

While 5G dominates the headlines, the fiber-to-the-home (FTTH) build-out is silently transforming the fixed-line business. This substantial investment is a direct response to the demand for high-speed, reliable home internet. By Q1 2025, an impressive 90% of América Móvil's broadband customers were already connected via fiber, which significantly increases customer loyalty and ARPU.

The results are clear on the fixed-line side. Fixed broadband revenue grew by 9.8% in Q1 2025 and 8.2% in Q2 2025 at constant exchange rates, representing a strong performance. In the first half of 2025, the company connected a total of 908,000 new broadband access points, with Mexico and Brazil being the largest contributors. This fiber backbone is also essential for providing the necessary backhaul capacity to support the new 5G mobile sites.

Exploring a Partnership with SpaceX to Integrate Satellite Communications for Remote, Underserved Areas

To be fair, terrestrial networks can only go so far. América Móvil is actively exploring partnerships for satellite connectivity, specifically with SpaceX (Starlink) and AST SpaceMobile, to address the coverage gap in remote, underserved areas. This is a pragmatic move to extend the network's reach without the prohibitive cost of laying fiber or building new cell towers in sparsely populated regions.

The CFO noted that the company is reviewing which partner offers the best service for connecting users in rural areas where traditional coverage is absent. This satellite integration is a strategic hedge, allowing the company to offer essential mobile backhaul (the link between the core network and the cell tower) and direct-to-user services in areas previously considered uneconomical.

The Competitive Advantage is Defintely Tied to Being the First to Market with Next-Generation Network Speed

The technological advantage for América Móvil is simple: speed and scale. Being the first to launch and rapidly expand 5G and fiber networks across Latin America creates a significant barrier to entry for competitors. The company is using its massive infrastructure footprint to drive a shift in its subscriber mix toward higher-value contracts.

• Drive higher ARPU from 5G postpaid plans.
• Reduce churn with superior fiber-optic fixed service.
• Maintain a lead in network quality perception.
• Use CapEx of US$6.7 billion to solidify market dominance.

This focus on next-generation speed is not just a technology choice; it's a direct financial strategy to maximize returns and maintain market leadership against rivals like Telefónica and Millicom. The key action here is to monitor the CapEx deployment and the resulting postpaid and fixed broadband subscriber growth rates in Q3 and Q4 2025 to confirm the return on investment.

América Móvil, S.A.B. de C.V. (AMX) - PESTLE Analysis: Legal factors

Telcel was hit with a $1.8 billion fine in Q2 2025 for alleged anti-competitive practices in Mexico.

You need to be clear on the financial impact of regulatory actions, and in Q2 2025, the Mexican regulator delivered a significant blow to Telcel, a key América Móvil unit.

The Federal Telecommunications Institute (IFT) imposed a fine of MX$1.78 billion (approximately US$93.85 million) on Telcel on June 17, 2025, for engaging in relatively monopolistic practices. This sanction was for granting incentives to distributors, such as Cadena Comercial OXXO (OXXO) and Impulsora de Mercados de México (IMMEX), on the condition they would not sell competitor SIM cards. This conduct occurred between January 2021 and January 2024, aiming to restrict competitors' access to the mobile market. Telcel has categorically denied the allegations and intends to challenge the fine.

Here's the quick math: A US$93.85 million fine is a material, non-recurring expense, but the long-term risk is the precedent it sets for future anti-trust enforcement.

New asymmetric measures effective January 2025 mandate providing unlocked terminal equipment.

The IFT's third review of asymmetric regulations, effective in January 2025, fundamentally changes how Telcel interacts with its customers and the market. These measures are designed to strengthen competition by removing technical and contractual barriers for consumers who want to switch providers.

The most immediate change is the mandate that América Móvil must provide all terminal equipment-prepaid or postpaid-unlocked. This eliminates a major friction point for porting subscribers. Also, the regulator prohibited linking discounts or benefits on devices to the provision of telecommunications services, effectively separating the device sale from the service contract.

• Mandatory provision of unlocked devices (prepaid and postpaid).
• Prohibition of linking device benefits to service contracts.
• Elimination of mandatory minimum service contract terms.
• Restriction on contacting users who ported to a competitor for 60 days.

Long-term operating licenses for Telmex and Telnor were extended for 30 years, securing fixed-line operations.

On the flip side, you have regulatory stability in the fixed-line business. The IFT granted a 30-year extension to the operating concessions for Telmex and Telnor back in April 2023. This secures the core fixed-line operations for the long term, with the new licenses taking effect on March 11, 2026, for Telmex and May 27, 2026, for Telnor.

Still, this stability comes with a continued regulatory burden. Telmex and Telnor retain their Preponderant Economic Agent (AEP) status, meaning they must adhere to asymmetric regulations and maintain universal service and coverage obligations, especially in rural and remote areas. Securing the concession is defintely a win, but the regulatory handcuffs remain firmly in place.

Mandatory provision of wholesale national mobile roaming for up to five years is a new regulatory burden.

Another key asymmetric measure taking effect in January 2025 is the mandatory provision of wholesale national mobile roaming service for up to five years. This is a material regulatory burden because it forces Telcel to provide network access to its competitors, effectively leveling the playing field and reducing the competitive advantage of its superior coverage.

This access obligation is designed to boost competition by helping smaller mobile operators and Mobile Virtual Network Operators (MVNOs) offer broader coverage without the massive capital expenditure of building out their own national networks. This means a direct hit to Telcel's mobile market dominance and wholesale revenue structure.

To be fair, the regulatory landscape itself is also changing in 2025. The IFT, the regulator that imposed these measures, was officially dissolved after a constitutional reform in late 2024, with its main responsibilities being transferred to the newly created Agency of Digital Transformation and Telecommunications (ATDT). This creates a period of uncertainty as the new regulatory body finds its footing.

Regulatory Action (Effective 2025)	Impact on América Móvil (AMX)	Financial/Operational Detail
Telcel Anti-Competitive Fine (Q2 2025)	Direct financial loss and reputational risk.	MX$1.78 billion fine imposed by IFT.
Mandatory Unlocked Terminal Equipment	Reduced customer switching costs; higher churn risk.	Applies to all prepaid and postpaid devices starting January 2025.
Mandatory Wholesale National Mobile Roaming	Reduced competitive advantage from network coverage; new revenue stream, but at regulated rates.	Obligation renewed for up to five years.
Telmex/Telnor Concession Extension	Long-term operational stability in fixed-line market.	30-year extension; new concessions effective March/May 2026.
IFT Dissolution and ATDT Creation	Regulatory uncertainty during transition.	IFT dissolved in 2025; responsibilities transferred to ATDT.

América Móvil, S.A.B. de C.V. (AMX) - PESTLE Analysis: Environmental factors

Committed to achieving net-zero emissions by 2050.

You need to look past the immediate quarter's results and focus on long-term capital allocation, which is increasingly tied to climate risk. América Móvil, S.A.B. de C.V. (AMX) has made a definitive commitment to achieve net-zero emissions by 2050, aligning with the global 1.5°C climate goal.

This isn't just a distant promise; it drives near-term capital expenditure in energy efficiency and renewable sourcing. The core of their strategy is to minimize the environmental footprint of their operations first, and then address externalities to close the gap to zero. This is a massive, multi-decade project that will defintely reshape their operational balance sheet.

Science-based target to reduce absolute Scope 1 and 2 GHG emissions by 52% by 2030.

The company's climate ambition is quantified through Science-Based Targets (SBTs), which provide a clear, auditable path for investors. The key target is an absolute reduction of 52% in Scope 1 and 2 Greenhouse Gas (GHG) emissions by 2030, measured against a 2019 baseline.

Here's the quick math on their progress: as of the end of 2023, the company had already achieved a 21% reduction against that 2019 baseline, meaning they have a little over half the target remaining to hit in the next seven years. They are also targeting a 14% reduction in absolute Scope 3 GHG emissions by 2030, which addresses the tougher challenge of the value chain.

Their decarbonization strategy focuses on four pillars:

• Fostering the use of renewable or cleaner energy sources.
• Modernizing equipment for greater technical and environmental efficiency.
• Reducing emissions in the value chain (production, transportation).
• Encouraging sustainable energy projects via clean energy certificates.

A 2025 goal is to train at least 50% of active business partners in environmental footprint awareness.

A telecom giant's environmental risk isn't just in its own towers; it's in the supply chain. For 2025, América Móvil has a clear governance goal: train at least 50% of its active business partners in environmental footprint awareness.

This is a critical upstream risk mitigation effort. As of December 31, 2023, the company reported training 501 partners in environmental footprint, alongside a broader goal to evaluate 100% of all active business partners by the end of 2025. This level of detail shows the commitment is operational, not just rhetorical.

Focus on circular economy initiatives, like e-waste take-back programs, to manage device lifecycle.

The shift from a linear (take-make-dispose) to a circular economy is a major factor in the Electronic and ICT sector. América Móvil is actively promoting the circular economy for its network equipment and customer devices, a necessary move given the stricter medium-term regulations anticipated in this area.

Their strategy involves repairing and reusing equipment like modems and decoders, and then transferring obsolete materials to certified suppliers for recycling. This isn't small-scale: in 2022 alone, the company reused 36 tons of electronic waste and recycled close to 8,300 tons of e-waste via its suppliers. That's a huge volume of material being kept out of landfills.

Specific programs on the ground, like the Claro Dominicana 'E-Waste' and 'Canjea tu Móvil' programs, show customer-facing action. From 2019 to 2023, these programs collected over 2,044 kg of electronic waste and redeemed more than 5,038 mobile devices for discounts. This is how you manage product lifecycle risk.

Environmental Metric / Target	Target Deadline	2023 Progress / Status	2019 Baseline
Net-Zero Emissions Commitment	2050	Committed	N/A
Absolute Scope 1 & 2 GHG Reduction	2030	21% reduction achieved	100% (Baseline Year)
Absolute Scope 3 GHG Reduction	2030	8% increase (2023 vs. 2019)	100% (Baseline Year)
Business Partners Trained in Environmental Footprint	2025	501 partners trained (as of Dec 2023)	Target: At least 50% of active partners
Electronic Waste Recycled (in tons)	Annual	Close to 8,300 tons (2022 data)	N/A