April 28, 2020 / 10:29 PM / a month ago

Mexico's America Movil reports wide loss for first quarter

MEXICO CITY, April 28 (Reuters) - America Movil, the Mexican telecommunications giant, on Tuesday reported a first-quarter net loss of 29.38 billion pesos ($1.24 billion).

Total revenue for the company, which is controlled by the family of Mexican billionaire Carlos Slim, inched up to 250.1 billion pesos in the quarter.

$1 = 23.7980 pesos as of March 31 Reporting by Mexico City Newsroom; Editing by Anthony Esposito

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