America Movil prepares spending target after Telefonica Chile sells to rivals

Group 1 - America Movil is targeting a capital expenditure of 14%-15% of revenues for 2026 and beyond, as stated by finance chief Carlos Garcia [1] - The company plans to invest to remain competitive in Chile after NJJ and Millicom acquired Telefonica's unit for $1.2 billion [2] - Funds initially allocated for the Telefonica Chile deal will now be redirected to reduce debt and prepare for other acquisition opportunities in the region [3] Group 2 - America Movil reported a nearly five-fold increase in net profit, driven by a foreign exchange boost that reduced financing costs and increased revenues by just over 3% [4] - Analysts at JPMorgan noted a solid performance in Mexico and Colombia, although progress in Brazil was slightly slower [4] - Shares of America Movil saw a slight increase in morning trading following the earnings report [4]