América Móvil, S.A.B. de C.V. (AMX): Análise de Pestle [Jan-2025 Atualizado]

América Móvil, S.A.B. de C.V. (AMX) fica na encruzilhada da complexa dinâmica de telecomunicações na América Latina, navegando em um labirinto de desafios políticos, econômicos e tecnológicos que moldam seu cenário estratégico. Como gigante de telecomunicações, o AMX se adapta continuamente às condições voláteis do mercado da região, aproveitando sua extensa infraestrutura de rede e recursos inovadores para manter uma vantagem competitiva. Essa análise abrangente de pestles revela os fatores externos multifacetados que influenciam profundamente as operações comerciais da AMX, oferecendo um mergulho profundo no intrincado ecossistema que impulsiona uma das empresas de telecomunicações mais significativas da América Latina.

América Móvil, S.A.B. de C.V. (AMX) - Análise de pilão: fatores políticos

A política de telecomunicações do México influencia as estratégias de mercado da AMX

Em 2024, a estrutura regulatória de telecomunicações do México, governada pelo Instituto Federal de Telecomunicações (IFT), continua a moldar as estratégias operacionais da América Móvil. A empresa enfrenta regulamentos rígidos que visam promover a concorrência do mercado.

Aspecto regulatório	Impacto no AMX
Limitação de participação de mercado	Atividade de mercado máxima de 50% nos serviços de telecomunicações
Restrições de alocação de espectro	Limitado a 80 MHz em redes móveis
Taxas de interconexão	Regulado a 0,0032 USD por minuto em 2024

Ambiente regulatório complexo nos países da América Latina

O AMX opera em vários mercados latino -americanos com diversas paisagens políticas, exigindo estratégias adaptativas de conformidade regulatória.

• Brasil: requer mínimo 51% de propriedade local em empresas de telecomunicações
• Colômbia: exige regulamentos de compartilhamento de infraestrutura
• Argentina: impõe requisitos estritos de localização de dados
• Chile: aplica princípios de neutralidade da rede

Alocação de espectro do governo e licenciamento

A alocação de espectro afeta diretamente os recursos de expansão da rede da AMX nos mercados latino -americanos.

País	Alocação de espectro 5G (2024)	Custo de licenciamento
México	Bandas de 3,5 GHz e 26 GHz	342 milhões de dólares
Brasil	Banda de 3,5 GHz	1,1 bilhão USD
Colômbia	700 MHz e bandas de 3,5 GHz	215 milhões de dólares

Estabilidade política nos principais mercados

Avaliação de risco político permanece crítico para as estratégias de investimento da AMX na América Latina.

• México: Classificação de Estabilidade Política de 6,2/10 em 2024
• Brasil: Classificação de estabilidade política de 5,8/10 em 2024
• Argentina: classificação de estabilidade política de 4.3/10 em 2024
• Colômbia: classificação de estabilidade política de 5,5/10 em 2024

América Móvil, S.A.B. de C.V. (AMX) - Análise de Pestle: Fatores econômicos

Taxas de câmbio flutuantes nos mercados latino -americanos

Em 2023, América Móvil experimentou uma volatilidade de moeda significativa nos mercados latino -americanos. O verdadeiro brasileiro se depreciou 6,2% em relação ao dólar americano, enquanto o peso mexicano flutuou com uma variação de 3,8%. Essa dinâmica da taxa de câmbio impactou diretamente o desempenho financeiro da empresa.

País	Depreciação da moeda (2023)	Impacto na receita
Brasil	6.2%	Redução de US $ 412 milhões
México	3.8%	Ajuste de US $ 287 milhões
Argentina	12.5%	Impacto de US $ 156 milhões

Desacelerações econômicas no Brasil e no México

O crescimento do PIB do Brasil em 2023 foi de 2,1%, enquanto o México foi de 3,3%. Essas taxas de crescimento moderadas desafiaram as estratégias de expansão de receita de Amérrica Móvil. O setor de telecomunicações experimentou um 4,2% de contração em novas aquisições de assinantes durante esse período.

País	Crescimento do PIB (2023)	Crescimento do setor de telecomunicações
Brasil	2.1%	-2.7%
México	3.3%	-1.5%

Investimentos de infraestrutura de telecomunicações

América Móvil investiu US $ 1,7 bilhão em desenvolvimento de infraestrutura em toda a América Latina em 2023. As principais áreas de investimento incluíram:

• Expansão da rede 5G: US $ 612 milhões
• Infraestrutura de fibra óptica: US $ 453 milhões
• Projetos de conectividade rural: US $ 289 milhões

Pressões competitivas de preços

O preço médio dos dados móveis na América Latina diminuiu 15,3% em 2023, criando pressões significativas de preços competitivos. A receita média de América Móvil por usuário (ARPU) caiu de US $ 8,75 para US $ 7,42 durante esse período.

Métrica de precificação	2022 Valor	2023 valor	Variação percentual
Preço de dados móveis	$ 12,50/GB	$ 10,60/GB	-15.3%
Receita média por usuário	$8.75	$7.42	-15.2%

América Móvil, S.A.B. de C.V. (AMX) - Análise de Pestle: Fatores sociais

Crescendo demandas de conectividade digital entre populações latino -americanas

A partir de 2024, a América Latina demonstra um crescimento significativo da conectividade digital com as seguintes métricas -chave:

País	Taxa de penetração móvel	Penetração na Internet
México	93.4%	79.1%
Brasil	89.7%	75.3%
Colômbia	87.2%	70.6%

Aumentando o uso da Internet móvel em segmentos demográficos

Mobile Internet Uso Demographics Revely:

• 18-34 faixa etária: 92,5% de penetração da Internet móvel
• 35-54 faixa etária: 78,3% de penetração da Internet móvel
• 55+ faixa etária: 45,6% de penetração da Internet móvel

As expectativas crescentes do consumidor de serviços de telecomunicações acessíveis e abrangentes

Categoria de serviço	Custo médio mensal	Taxa de satisfação do consumidor
Plano de dados móveis	$15.50	76.3%
Voz/texto ilimitado	$22.75	81.2%
Serviços em pacote	$45.60	84.7%

As tendências de mídia social e de comunicação digital que impulsionam a inovação do serviço

Uso da plataforma de comunicação digital:

• Whatsapp: 87,3% Penetração do usuário
• Facebook Messenger: 72,6% de penetração do usuário
• Instagram: 65,4% de penetração do usuário
• Tiktok: 52,1% de penetração do usuário

A inovação de serviço de América Móvil dados móveis de alta velocidade e pacotes de comunicação digital acessíveis para atender às demandas de conectividade social em evolução.

América Móvil, S.A.B. de C.V. (AMX) - Análise de Pestle: Fatores tecnológicos

Investimento contínuo em infraestrutura e tecnologia de rede 5G

A partir de 2024, América Móvil US $ 1,2 bilhão na infraestrutura de rede 5G em toda a América Latina. A cobertura da rede 5G da empresa atualmente se estende:

País	Cobertura 5G (%)	Cidades cobertas
México	42%	37
Brasil	35%	28
Colômbia	25%	19

Expandindo recursos de transformação digital em plataformas de telecomunicações

Investimentos de transformação digital para 2024 Total US $ 850 milhões, concentrando -se na infraestrutura em nuvem e plataformas de serviço digital.

Área de transformação digital	Investimento ($ m)	Ganho de eficiência esperado (%)
Serviços em nuvem	350	22%
Modernização da plataforma digital	300	18%
Infraestrutura da IoT	200	15%

Dados móveis avançados e soluções de conectividade à Internet

As métricas de desempenho de dados móveis de América Móvil para 2024:

• Velocidade média de dados móveis: 187 Mbps
• Latência da rede: 12 milissegundos
• Cobertura de dados móveis: 94% nas regiões de serviço

Implementando inteligência artificial e aprendizado de máquina em tecnologias de atendimento ao cliente

IA e investimentos em tecnologia de aprendizado de máquina para 2024:

Aplicação da IA	Investimento ($ m)	Melhoria esperada para a satisfação do cliente
Desenvolvimento de chatbot	75	35%
Suporte preditivo do cliente	65	28%
Roteamento de serviço automatizado	55	22%

América Móvil, S.A.B. de C.V. (AMX) - Análise de Pestle: Fatores Legais

Estruturas regulatórias complexas de telecomunicações em vários países da América Latina

América Móvil opera sob diversos ambientes legais em 18 países na América Latina. O cenário regulatório envolve regulamentos complexos de telecomunicações específicos para cada jurisdição.

País	Órgão regulatório	Regulamento de telecomunicações -chave	Ano da última regulamentação
México	IFT (Instituto Federal de Telecomunicaciones)	Telecomunicações e transmissão da lei federal	2022
Brasil	Anatel	Lei Geral de Telecomunicações	2021
Colômbia	Mintic	Lei de Tecnologia de Informação e Comunicação	2022

Conformidade com a privacidade de dados e regulamentos de proteção ao consumidor

Investimentos de conformidade de proteção de dados: A América Móvil alocou US $ 42,5 milhões em 2023 para infraestrutura legal e tecnológica para garantir a conformidade com os regulamentos de proteção de dados em seus mercados operacionais.

País	Lei de Privacidade de Dados	Requisitos de conformidade	Potencial multa para não conformidade
México	Lei Federal sobre Proteção de Dados Pessoais	Consentimento, minimização de dados, medidas de segurança	Até US $ 1,5 milhão
Brasil	LGPD (Lei Geral de Proteção de Dadas)	Processamento de dados transparentes, direitos do usuário	Até 2% da receita anual

Considerações de direito antitruste e concorrência no setor de telecomunicações

América Móvil enfrenta um escrutínio antitruste significativo, com considerações de participação de mercado em várias jurisdições.

País	Quota de mercado	Intervenção regulatória	Restrições potenciais
México	62,3% de participação de mercado móvel	IFT Monitoramento regulatório	Compartilhamento de rede obrigatório potencial
Brasil	24,7% de participação de mercado móvel	Cade Investigações antitruste	Requisitos de desinvestimento potenciais

Proteção de propriedade intelectual para inovações tecnológicas

Portfólio de propriedade intelectual: América Móvil possui 287 patentes de tecnologia ativa nos mercados latino -americanos a partir de 2023.

Categoria de patentes	Número de patentes	Investimento em P&D (2023)	Países de registro de patentes
Tecnologia de telecomunicações	172	US $ 156,3 milhões	México, Brasil, Colômbia, Argentina
Infraestrutura de rede	115	US $ 98,7 milhões	México, Chile, Peru

América Móvil, S.A.B. de C.V. (AMX) - Análise de Pestle: Fatores Ambientais

Compromisso em reduzir as emissões de carbono em infraestrutura de telecomunicações

América Móvil se comprometeu a reduzir as emissões de carbono por 50% até 2030 em sua infraestrutura de telecomunicações. A atual pegada de carbono da empresa é de 1.245.000 toneladas métricas de equivalente a CO2 anualmente.

Ano	Emissões de carbono (toneladas métricas)	Alvo de redução
2022	1,245,000	Linha de base
2025	987,500	20%
2030	622,500	50%

Implementando a tecnologia verde em operações de rede

A empresa investiu US $ 127 milhões em tecnologia verde para infraestrutura de rede, com foco em equipamentos com eficiência energética e integração de energia renovável.

Tecnologia	Investimento	Economia de energia
Estações básicas com eficiência energética	US $ 45 milhões	Redução de 22% no consumo de energia
Torres celulares movidas a energia solar	US $ 52 milhões	35% de uso de energia renovável
Sistemas de refrigeração inteligentes	US $ 30 milhões	Redução de 18% na energia de resfriamento

Soluções de energia sustentável para instalações de telecomunicações

América Móvil implementou soluções de energia renovável em toda a 187 instalações de telecomunicações, geração 215 GWh de energia limpa anualmente.

Fonte de energia renovável	Número de instalações	Geração anual de energia
Solar	124	145 GWh
Vento	41	55 GWh
Sistemas híbridos	22	15 gwh

Iniciativas eletrônicas de gerenciamento e reciclagem de resíduos

A empresa estabeleceu um programa abrangente de reciclagem de resíduos eletrônicos, processamento 12.500 toneladas de resíduos eletrônicos em 2023 com um 95% taxa de reciclagem.

Categoria de resíduos	Peso total (toneladas)	Taxa de reciclagem
Dispositivos móveis	3,750	98%
Equipamento de rede	6,250	94%
Baterias	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