UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF A FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2019

Commission File Number: 1-16269

AMÉRICA MÓVIL, S.A.B. DE C.V.

(Exact Name of the Registrant as Specified in the Charter)

America Mobile

(Translation of Registrant’s Name into English)

Lago Zurich 245

Plaza Carso / Edificio Telcel, Piso 16

Colonia Ampliación Granada, Miguel Hidalgo

11529 Mexico City, Mexico

(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F  ☒            Form 40-F  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  ☐

América Móvil’s second quarter of

2019 financial and operating report

Mexico City, July 16^th, 2019 - América Móvil, S.A.B. de C.V. (“América Móvil”) [BMV: AMX] [NYSE: AMX, AMOV], announced today its financial and operating results for the second quarter of 2019.

● We added 1.6 million postpaid subscribers in the quarter, more than half of which came from Brazil, with Austria and Mexico contributing approximately 200 thousand subscribers each. On the fixed-line platform we gained 369 thousand broadband accesses.

● Mobile postpaid and fixed-broadband were the main drivers of access growth at 7.2% and 6.0% year-on-year respectively, with mobile prepaid and PayTV declining 3.4% and 1.9%. Fixed-voice was almost flat from a year before.

● Second quarter revenues, 250 billion pesos, were 2.7% lower than a year before in Mexican peso terms on account of the appreciation of the Mexican peso vs. substantially all our operating currencies.

● At constant exchange rates, service revenue growth* accelerated to 2.3% from 0.8% in the first quarter. The fastest growing business lines by revenues were fixed-broadband, at 7.7% year-on-year, and mobile postpaid revenues at 6.3%.

● EBITDA of 78 billion pesos was equivalent to 31.3% of revenues. Under comparable accounting standards, and at constant exchange rates, consolidated EBITDA* increased 3.5% year-on-year compared to -0.1% the prior quarter.

● EBITDA growth accelerated sharply in Mexico, to 4.7%, and improved noticeably in Colombia and Ecuador, to 8.4% and 6.9% respectively.

● Our operating profits were up 7.7% to 36.8 billion pesos and our comprehensive financing costs, 11.9 billion pesos, were down 63.2% from the prior year on account of foreign exchange effects.

● We obtained a 14.1 billion peso net profit in the period, equivalent to 0.21 peso cents per share or 0.22 dollar cents per ADR.

● Our net debt ended June at 686.4 billion pesos, including the capitalized portion of our lease obligations per IFRS 16. Excluding these, it stood at 570.4 billion pesos, roughly flat relative to the year-earlier quarter. In cash flow terms our net debt increased 19.6 billion pesos in the six months to June.

● Our outlays included capital expenditures of 66.3 billion pesos, acquisitions of 6.3 billion pesos (the operation of Telefonica in Guatemala, which closed in January) and contributions to pension funds in the amount of 12 billion pesos.

*Excluding Argentina.

Beginning January 1st we implemented IFRS 16 accounting standards. The information presented in this report was prepared in a prospective basis; comparable information is provided in the appendix.

The reported figures for Argentina corresponding to the second quarter of 2019 and the period January-June 2019 are presented in accordance with a) IAS29 reflecting the effects of the adoption of inflationary accounting that became mandatory after the Argentinean economy was deemed to be hyperinflationary in the third quarter of 2018 and b) IAS21 translated to Mexican pesos using the end-of-period exchange rate. The figures for Argentina on a standalone basis are presented in Appendix 4. For comparison purposes, comments in this report related to annual variations of the presented period for Argentina refer to figures in constant peso terms: that is, adjusted for inflation.

All comparisons at constant exchange rates for America Movil’s consolidated figures will exclude Argentina to ensure consistency. In the second quarter, Argentina would have represented 3.4% of América Móvil’s consolidated revenues, in nominal terms at the average exchange rate for the period.

América Móvil’s Subsidiaries as of June 2019

Country	Brand	Business	Equity Participation
Mexico	Telcel	wireless		100.0%
	Telmex	wireline		98.8%
	Sección Amarilla(1)	other		100.0%
	Telvista	other		90.0%
Argentina	Claro	wireless		100.0%
	Telmex	wireline		99.7%
Brazil	Claro	wireless/wireline		98.5%
Chile	Claro	wireless		100.0%
	Telmex(1)	wireline		100.0%
Colombia	Claro	wireless/wireline		99.4%
Costa Rica	Claro	wireless		100.0%
Dominicana	Claro	wireless/wireline		100.0%
Ecuador	Claro	wireless/wireline		100.0%
El Salvador	Claro	wireless/wireline		95.8%
Guatemala	Claro	wireless/wireline		99.3%
Honduras	Claro	wireless/wireline		100.0%
Nicaragua	Claro	wireless/wireline		99.6%
Panama	Claro	wireless/wireline		100.0%
Paraguay	Claro	wireless/wireline		100.0%
Peru	Claro	wireless/wireline		100.0%
Puerto Rico	Claro	wireless/wireline		100.0%
Uruguay	Claro	wireless/wireline		100.0%
USA	Tracfone	wireless		100.0%
Netherlands	KPN	wireless/wireline		16.1%
Austria	Telekom Austria	wireless/wireline		51.0%

⁽¹⁾ Equity Participation of TEINTL of which America Movil owns 100%.

Relevant Events

On June 19th we issued a bond in the amount of EUR €1.0 billion with an 8-year maturity that pays a coupon of 0.750%, the lowest coupon achieved by any corporate issuer in Latin America in the euro market, to refinance a bond for the same amount maturing in October 2019. We have already called those bonds, which will be paid on July 22^nd.

América Móvil Fundamentals

	2Q19		2Q18
Earnings per Share (Mex$)(1)		0.21		0.01
Earning per ADR (US$)(2)		0.22		0.01
EBITDA per Share (Mex$)(3)		1.18		1.11
EBITDA per ADR (US$)		1.24		1.15
Net Income (millions of Mex$)		14,065		435
Average Shares Outstanding (billion)		66.02		66.06

⁽¹⁾ Net Income / Average Shares Outstanding

⁽²⁾ 20 shares per ADR

⁽³⁾ EBITDA / Average Shares Outstanding

Access Lines

We added 1.6 million wireless postpaid subscribers in the second quarter, more than half of which came from Brazil, with Austria and Mexico contributing approximately 200 thousand subscribers each. We also disconnected 1.1 million prepaid subscribers in the period, including 793 thousand in Brazil and 399 thousand in Nicaragua, and ended the quarter with 278 million subscribers. Our mobile postpaid base was up 7.2% year-on-year, while our prepaid base was down 3.4%.

On the fixed line platform RGUs increased by 119 thousand clients as voice accesses declined 157 thousand, broadband accesses increased by 369 thousand and PayTV accesses were down 94 thousand. The reduction in voice and PayTV accesses were mostly in Brazil. One third of new broadband accesses came from Central America, with Brazil contributing 81 thousand client and Colombia 49 thousand. Fixed-voice accesses were nearly flat from a year before, while fixed-broadband accesses increased 6.0% year-on-year and PayTV declined 1.9%.

Wireless Subscribers as of June 2019

	Total(1) (Thousands)
Country	Jun ‘19		Mar ‘19		Var.%		Jun ‘18		Var.%
Argentina, Paraguay and Uruguay		24,417		24,370		0.2%		24,059		1.5%
Austria & CEE		21,180		20,941		1.1%		20,756		2.0%
Brazil		56,427		56,383		0.1%		59,004		-4.4%
Central America		15,450		15,841		-2.5%		16,074		-3.9%
Caribbean		6,064		5,980		1.4%		5,737		5.7%
Chile		6,725		6,720		0.1%		6,991		-3.8%
Colombia		30,144		29,887		0.9%		29,168		3.3%
Ecuador		8,356		8,308		0.6%		8,068		3.6%
Mexico		75,994		75,611		0.5%		74,412		2.1%
Peru		11,726		11,818		-0.8%		12,656		-7.4%
USA		21,435		21,599		-0.8%		22,126		-3.1%
Total Wireless Lines		277,916		277,458		0.2%		279,050		-0.4%

⁽¹⁾ Includes total subscribers of alt companies in which America Movil holds an economic interest; does not consider the date in which the companies started being consolidated.

Fixed-Line and Other Accesses (RGUs) as of June 2019

	Total(1) (Thousands)
Country	Jun ‘19		Mar ‘19		Var.%		Jun ‘18		Var.%
Argentina, Paraguay and Uruguay		924		833		11.0%		706		30.9%
Austria & CEE		6,172		6,182		-0.2%		6,142		0.5%
Brazil		34,800		34,993		-0.6%		35,791		-2.8%
Central America		6,958		6,867		1.3%		6,030		15.4%
Caribbean		2,545		2,545		0.0%		2,603		-2.2%
Chile		1,427		1,441		-1.0%		1,372		4.0%
Colombia		7,459		7,320		1.9%		6,960		7.2%
Ecuador		409		397		3.2%		375		9.0%
Mexico		22,311		22,350		-0.2%		21,892		1.9%
Peru		1,540		1,498		2.8%		1,436		7.2%
Total RGUs		84,544		84,425		0.1%		83,309		1.5%

⁽¹⁾ Fixed Line, Broadband and Television (Cable & DTH).

América Móvil Consolidated Results

New uncertainty regarding trade flows in the context of the so called trade wars with China helped bring about a greater deceleration in global economic activity, with ten-year U.S. Treasury interest rates continuing to fall in the latter part of the quarter. They ended June roughly 40 basis points below where they had been at the beginning of the quarter.

Even though U.S. interest rates were not expected to keep on rising, but were seen as falling in the latter months of the year, the U.S. dollar remained strong vs. most currencies, including most of the ones in Latam. Only the Mexican peso held its ground, appreciating in the second quarter against practically all our currencies: 1.3% vs. the dollar, 7.6% vs. the euro, 10.3% vs. the real, 15.6% vs. the Colombian peso and 90.5% vs. the Argentinean peso.

Second quarter revenues totaled 250 billion pesos and our EBITDA 78 billion pesos (IFRS16). Both our service revenues and our EBITDA declined in Mexican peso terms, 3.1% and 2.8% respectively (organic EBITDA), reflecting the fact that the results of our international operations were falling in Mexican peso terms on account of the strength of the peso. However, at constant exchange rates—excluding Argentina because of its hyperinflation—service revenues were seen to accelerate, expanding from 0.8% in the first quarter to 2.3% in the second one.

The acceleration of service revenue growth, mostly on the back of mobile revenues, was very evident in Mexico, Colombia and the U.S. The rate of growth of mobile service revenues nearly doubled to 4.7% at constant exchange rates, with fixed revenues staying mostly flat.

The fastest growing business lines by revenues were fixed-broadband, at 7.7% year-on-year and mobile postpaid revenues at 6.3%. Prepaid revenue growth also picked up to 3.4%, as did that of corporate networks, at 4.6%. On the other hand, the decline of PayTV revenues worsened to -4.2% but that of fixed-voice improved to –7.8%.

Mobile service revenues increased in most of our operations, rising 8.3% year-on-year in Mexico, 8.9% in Brazil and 6.9% in the Dominican Republic. They declined in Peru and Chile mostly on account of the reduction in interconnection rates that came into effect this year, but also on account of strong competition.

Fixed service revenues were up 8.5% in Colombia and 4.9% in Ecuador, with Brazil’s declining 2.5% weighed down by PayTV revenues, and Mexico’s by 1.3%.

Organic EBITDA growth at constant exchange rates picked up to 3.5% in the second quarter from -0.1% the preceding one. EBITDA growth accelerated in Mexico, to 4.7%, and in Colombia and Ecuador, to 8.4% and 6.9% respectively. Major changes took place in Peru—notwithstanding the decline in service revenues—with EBITDA increasing 15.6%; in Guatemala and in Costa Rica, both of which saw EBITDA expanding more than 10% from the prior year.

Our EBITDA margin came in at 31.3%; it was nearly 3 percentage points higher than where our organic margin would have been.

América Móvil’s Income Statement Millions of Mexican pesos

	2Q19(1)		2Q18(2)		Var.%		Jan - Jun 19(1)		Jan - Jun 18(2)		Var.%
Service Revenues		207,897		214,652		-3.1%		415,697		430,524		-3.4%
Equipment Revenues		42,186		42,324		-0.3%		80,038		79,993		0.1%
Total Revenues		250,083		256,975		-2.7%		495,736		510,517		-2.9%
Cost of Service		74,016		81,827		-9.5%		149,341		163,635		-8.7%
Cost of Equipment		41,938		42,230		-0.7%		81,123		82,017		-1.1%
Selling, General & Administrative Expenses		54,795		57,886		-5.3%		109,472		115,741		-5.4%
Others		1,181		1,526		-22.6%		2,598		3,609		-28.0%
Total Costs and Expenses		171,930		183,470		-6.3%		342,534		365,003		-6.2%
EBITDA		78,153		73,506		6.3%		153,201		145,513		5.3%
% of Total Revenues		31.3%		28.6%				30.9%		28.5%
Depreciation & Amortization		41,387		39,377		5.1%		81,049		80,789		0.3%
EBIT		36,766		34,129		7.7%		72,153		64,724		11.5%
% of Total Revenues		14.7%		13.3%				14.6%		12.7%
Net Interest Expense		9,228		7,270		26.9%		17,992		14,840		21.2%
Other Financial Expenses		4,824		-5,158		193.5%		5,498		9,261		-40.6%
Foreign Exchange Loss		-2,167		30,219		-107.2%		-10,417		7,315		-242.4%
Comprehensive Financing Cost (Income)		11,885		32,330		-63.2%		13,073		31,417		-58.4%
Income & Deferred Taxes		10,280		673		n.m.		24,286		13,278		82.9%
Net Income before Minority Interest and Equity Participation in Results of Affiliates		14,602		1,125		n.m.		34,794		20,029		73.7%
Equity Participation in Results of Affiliates		-2		-20		90.2%		14		-6		316.8%
Minority Interest		-535		-671		20.3%		-1,299		-822		-58.0%
Net Income		14,065		435		n.m.		33,509		19,200		74.5%

⁽¹⁾ Under IFRS 16.

⁽²⁾ Under IAS 17.

n.m. Not meaningful.

Our operating profits were up 7.7% to 36.8 billion pesos. Our comprehensive financing cost, 11.9 billion pesos, was down 63.2% from the prior year, thanks to our having posted a 2.2 billion foreign exchange profit this quarter as compared to a 30.2 billion loss in the year-earlier quarter. The operating profits and foreign exchange gains were instrumental in our turning a 14.1 billion pesos net profit in the period, equivalent to 0.21 peso cents per share or 0.22 dollar cents per ADR.

Our net debt ended June at 686.4 billion pesos, including the capitalized portion of our lease obligations per IFRS 16. Excluding these, it stood at 570.4 billion pesos, roughly flat relative to the year-earlier quarter. In cash flow terms our net debt increased 19.6 billion pesos in the six months to June.

Our capital outlays included capital expenditures of 66.3 billion pesos, acquisitions of 6.3 billion pesos (the operation of Telefonica in Guatemala, which closed in January) and contributions to pension funds in the amount of 12 billion pesos.

Balance Sheet - América Móvil Consolidated Millions of Mexican Pesos

	Jun ‘19	Dec ‘18	Var.%			Jun ‘19	Dec ‘18	Var.%
Current Assets					Current Liabilities
Cash, Marketable Securities & Other Short Term Investments	81,588	70,676		15.4%	Short Term Debt*	158,553	96,231	64.8%
Accounts Receivable	226,500	221,514		2.3%	Lease-Related Debt	27,479
Other Current Assets	21,657	16,560		30.8%	Accounts Payable	286,324	278,391	2.8%
Inventories	38,632	40,305		-4.2%	Other Current Liabilities	88,350	92,469	-4.5%
	368,377	349,056		5.5%		560,706	467,091	20.0%
Non Current Assets					Non Current Liabilities
Plant & Equipment	752,683	640,001		17.6%	Long Term Debt	493,432	542,692	-9.1%
Investments in Affiliates	3,091	3,133		-1.3%	Lease-Related Debt	88,507
					Other Liabilities	165,240	173,568	-4.8%
Deferred Assets						747,179	716,260	4.3%
Goodwill (Net)	147,713	145,566		1.5%
Intangible Assets	122,222	122,138		0.1%	Shareholder’s Equity	249,323	245,872	1.4%
Deferred Assets	163,123	169,330		-3.7%
Total Assets	1,557,209	1,429,223		9.0%	Total Liabilities and Equity	1,557,209	1,429,223	9.0%

* Includes current portion of Long Term Debt.

Financial Debt of América Móvil*Millions

	Jun -19		Dec -18
Peso - denominated debt (MxP)		77,525		72,501
Bonds and other securities		58,025		68,001
Banks and others		19,500		4,500
U.S. Dollar - denominated debt (USD)		9,719		9,947
Bonds and other securities		8,976		9,353
Banks and others		743		594
Euro - denominated Debt(1) (EUR)		11,317		11,281
Bonds and other securities		11,022		11,036
Banks and others		295		245
Sterling - denominated Debt (GBP)		2,750		2,750
Bonds and other securities		2,750		2,750
Reais - denominated Debt (BRL)		7,476		6,480
Bonds and other securities		7,475		6,475
Banks and others		1		5
Debt denominated in other currencies (MxP)		16,041		14,203
Bonds and other securities		6,241		6,240
Banks and others		9,800		7,963
Total Debt (MxP)		630,213		638,922
Cash, Marketable Securities and Short Term Financial Investments(1) (MxP)		59,815		70,676
Net Debt (MxP)		570,397		568,246

* This table does not include the effect of forwards and derivatives used to hedge our foreign exchange exposure.

⁽¹⁾ We are not considering in our debt the one billion euro bond due October 2019 which has been called and will be paid on July 22^nd, 2019, which was refinanced by a new euro denominated bond in the same amount.

Mexico

We ended the quarter with 76 million wireless subs in Mexico after adding 204 thousand prepaid and 179 thousand postpaid subs in the second quarter. On the fixed-line platform we had 22.3 million clients at the end of June, 1.9% more than a year-before, with fixed-broadband accesses expanding 3.8% in the period.

Second quarter revenues rose 3.4% from the prior year to 73.3 billion pesos. Service revenue growth picked up to 4.5% year-on-year from 1.6% the prior quarter, with mobile service revenues expanding 8.3% vs. 5.7% in the first quarter, and with the decline in fixed-line service revenues decelerating from -4.6% to -1.3%.

On the mobile platform prepaid revenue growth accelerated to 10.5% year-on-year whereas postpaid revenue growth remained in the 6% range. Mobile ARPUs were up 6.2% to 149 pesos as data traffic per client more than doubled, increasing 2.3 times from the year-earlier quarter, and MOUs continued to expand—they reached 536 minutes, the highest level among all of our Latin American operations.

On the fixed-line platform there was a significant improvement in revenues from corporate networks, which posted a 12.6% increase from the year-earlier quarter while fixed-voice revenues reduced their rate of decline—although they are still falling 4.7% relative to the year before.

Mexico’s EBITDA totaled 27.2 billion pesos under IFRS 16. Organic EBITDA growth stood at 4.7% year-on-year, which implies a margin expansion of 0.5 percentage points from a year-earlier quarter.

Telcel and Telmex have substantially increased their investments in Mexico to expand coverage with leading edge technologies to those areas that lack telecom service, especially in the Southeast of the country were penetration levels have remained below the country’s average. Greater connectivity is essential for the rapid development of the region.

We are committed to the improvement of telecommunication services in the Mesoamerican region as part of a comprehensive development program designed by the governments of Mexico, the United States and several Central American countries with the participation of several renowned institutions including the Carlos Slim Foundation that is focusing on health and education.

INCOME STATEMENT - MexicoMillions of MxP

	2Q19(1)		2Q18(2)		Var.%		Jan - Jun 19(1)		Jan - Jun  18(2)		Var.%
Total Revenues*		73,307		70,922		3.4%		140,548		136,847		2.7%
Total Service Revenues		53,437		51,129		4.5%		104,829		101,712		3.1%
Wireless Revenues		52,271		49,088		6.5%		99,238		93,341		6.3%
Service Revenues		33,680		31,103		8.3%		65,894		61,587		7.0%
Equipment Revenues		18,591		17,985		3.4%		33,344		31,754		5.0%
Fixed Line and Other Revenues		20,684		21,415		-3.4%		40,722		42,739		-4.7%
EBITDA		27,223		23,838				52,041		46,268
% total revenues		37.1%		33.6%				37.0%		33.8%
EBIT		18,437		16,450				34,577		31,209
%		25.2%		23.2%				24.6%		22.8%

* Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.

⁽¹⁾ Under IFRS 16.

⁽²⁾ Under IAS 17.

Mexico Operating Data

	2Q19		2Q18		Var.%
Wireless Subscribers (thousands)		75,994		74,412		2.1%
Postpaid		13,892		13,131		5.8%
Prepaid		62,102		61,281		1.3%
MOU		536		522		2.7%
ARPU (MxP)(1)		149		140		6.2%
Churn (%)		4.1%		4.2%		(0.1)
Revenue Generating Units (RGUs)*		22,311		21,892		1.9%
Fixed Lines		12,589		12,523		0.5%
Broadband		9,722		9,369		3.8%

* Fixed Line and Broadband,

⁽¹⁾ Under IFRS 15.

Argentina, Paraguay and Uruguay

At the end of June we had 24.4 million wireless subscribers, 1.5% more than a year before, after net additions of 47 thousand in the quarter, most of them postpaid. Our fixed access base rose 30.9% to 924 thousand RGUs.

For comparison purposes all comments in this section related to annual variations of the presented period for Argentina refer to figures in constant peso terms: adjusted for inflation. Both Uruguay and Paraguay are presented in nominal terms.

Total revenues for Argentina declined 7.0% with mobile service revenues that were down 7.2%, as clients are still reducing their consumption levels in line with the contraction of purchasing power; effect that has been more hardly felt in the prepaid segment. On the other hand, fixed service revenues expanded 23.2% with solid growth in broadband and corporate services.

In Paraguay service revenues increased 8.5%—in local currency terms—over the year after several quarters of steady improvements stemming from PayTV and prepaid revenue growth; while in Uruguay, service revenues were 7.4% higher than a year before.

In an effort to maintain profitability and manage costs that are pegged to inflation, we have been able to reduce our expenses by 13.6% in Argentina; in absolute terms EBITDA declined 4.5% year-on-year yet, the margin was up 100 basis points, all under the prior accounting methodology.

In Paraguay, EBITDA rose 7.3% but in Uruguay it declined 23.1% due to a substantial increase in interconnection costs. Stripping out the effects of payments to other networks, Uruguay would have registered an EBITDA increase of 23.2%.

INCOME STATEMENT - Argentina, Paraguay & Uruguay Millions of ARP

	2Q19(1)		2Q18(2)		Var.%		Jan - Jun 19(1)		Jan - Jun 18(2)		Var.%
Total Revenues*		22,580		15,178		48.8%		43,157		29,532		46.1%
Total Service Revenues		18,659		12,337		51.2%		35,519		23,919		48.5%
Wireless Revenues		20,663		14,163		45.9%		39,503		27,629		43.0%
Service Revenues		16,542		11,202		47.7%		31,527		21,776		44.8%
Equipment Revenues		4,121		2,961		39.2%		7,977		5,853		36.3%
Fixed Line and Other Revenues		2,117		1,135		86.5%		3,992		2,143		86.3%
EBITDA		9,119		5,616				17,222		10,847
% total revenues		40.4%		37.0%				39.9%		36.7%
EBIT		6,871		4,381				12,836		8,475
%		30.4%		28.9%				29.7%		28.7%

* Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.

⁽¹⁾ Under IFRS 16.

⁽²⁾ Under IAS 17.

Argentina, Paraguay & Uruguay Operating Data

	2Q19		2Q18		Var.%
Wireless Subscribers (thousands)(1)		24,417		24,059		1.5%
Postpaid		9,047		8,929		1.3%
Prepaid		15,369		15,130		1.6%
MOU		76		76		-0.6%
ARPU (ARP)(2)		225		155		45.4%
Churn (%)		2.2%		2.1%		0.1
Revenue Generating Units (RGUs)*		924		706		30.9%

* Fixed Line, Broadband and Television.

⁽¹⁾ Hybrid subscribers are now included in our postpaid figures

⁽²⁾ Under IFRS 15.

Brazil

Claro remained the market leader in postpaid subscriber gains in the second quarter, adding 837 thousand subscribers in the period; in the prepaid segment, we disconnected 793 thousand subs. On the fixed line platform we added 81 thousand broadband accesses, but disconnected 113 thousand landlines and 161 thousand PayTV units. Altogether we ended June with 34.8 million fixed-RGUs and 56.4 million subs.

Revenues rose 1.1% annually to nearly nine billion reais, driven by service revenue growth that accelerated to 1.3% year-on-year from 0.7% the prior quarter. The main drivers of revenue growth are still fixed-broadband and postpaid revenues, up 13.2% and 11.2% respectively.

Postpaid revenue growth continued to pick up, reaching 11.2%, while prepaid revenues posted a 3.0% increase, their best performance since the second quarter of 2015. Mobile ARPU was up 13.8% year-on-year as data consumption per user nearly doubled and MOUs rose 32%.

On the fixed-line platform PayTV revenues continued to decline, falling 8.5% relative to the prior year, as did fixed-voice revenues, down 18%.

Second quarter EBITDA of 3.3 billion reais was equivalent to 37.2% of revenues. On a comparable basis, our organic EBITDA rose 4.7% year-on-year and the EBITDA margin climbed 1.1 percentage points.

In residential services, our footprint is growing fast through FTTH deployment in more than 51 new cities. We are reaching a strong market share position in these geographies and leading ultrabroadband adoption around Brazil. Recently we launched NET 4K, a new offering that merges traditional linear channels, on-demand content and Netflix.

Combo Multi is leading convergence of fixed and mobile services, providing the best value for price in the market and delivering the most complete and convenient solution for our customers.

INCOME STATEMENT - BrazilMillions of BrL

	2Q19(1)		2Q18(2)		Var.%		Jan - Jun 19(1)		Jan - Jun 18(2)		Var.%
Total Revenues*		8,982		8,880		1.1%		17,922		17,707		1.2%
Total Service Revenues		8,702		8,591		1.3%		17,360		17,186		1.0%
Wireless Revenues		3,361		3,118		7.8%		6,659		6,182		7.7%
Service Revenues		3,093		2,841		8.9%		6,119		5,687		7.6%
Equipment Revenues		269		278		-3.3%		540		495		9.1%
Fixed Line and Other Revenues		5,609		5,751		-2.5%		11,241		11,499		-2.2%
EBITDA		3,339		2,846				6,646		5,682
% total revenues		37.2%		32.0%				37.1%		32.1%
EBIT		1,351		767				2,714		1,480
%		15.0%		8.6%				15.1%		8.4%

* Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.

⁽¹⁾ Under IFRS 16.

⁽²⁾ Under IAS 17.

Brazil Operating Data

	2Q19		2Q18		Var.%
Wireless Subscribers (thousands)		56,427		59,004		-4.4%
Postpaid		25,315		21,807		16.1%
Prepaid		31,112		37,197		-16.4%
MOU(1)		146		111		32.0%
ARPU (BrL)(2)		18		16		13.8%
Churn (%)		3.9%		3.8%		0.1
Revenue Generating Units (RGUs)*		34,800		35,791		-2.8%

* Fixed Line, Broadband and Television.

⁽¹⁾ We modified the methodology for calculating MOUs. We no longer include M2M subscribers.

⁽²⁾ Under IFRS 15.

Chile

Our wireless subscriber base ended the quarter with 6.7 million subs, 3.8% below last year. Postpaid net additions were 65 thousand—bringing the postpaid base up by 9.9%—while in prepaid we disconnected 60 thousand clients. Fixed-RGUs totaled 1.4 million, up 4.0%, driven by broadband accesses that expanded 7.4%.

Second quarter revenues remained practically unchanged at 212 billion Chilean pesos. Mobile service revenues declined 11.5% partly as a result of an 80% mobile termination rate cut carried out in January. In absence of such change, service revenues would have fallen 6.0%. The annual comparison is also affected by changes in the allocation of service and equipment revenues that began in September 2018, in line with industry standards.

Fixed service revenues—45% of the total—expanded 4.7% with growth in all business lines. Corporate services have become a relevant business line with revenues growing 15.6% year-on-year.

Under IRFS16 standards, EBITDA came in at 41.7 billion Chilean pesos and the EBITDA margin stood at 19.7% of revenues. On a comparable basis, EBITDA declined 23.8%.

INCOME STATEMENT - ChileMillions of ChPL

	2Q19(1)		2Q18(2)		Var.%		Jan - Jun 19(1)		Jan - Jun 18(2)		Var.%
Total Revenues*		212,171		211,843		0.2%		417,853		406,218		2.9%
Total Service Revenues		170,287		178,919		-4.8%		339,652		354,934		-4.3%
Wireless Revenues		134,995		138,380		-2.4%		263,051		260,601		0.9%
Service Revenues		93,406		105,497		-11.5%		186,774		209,391		-10.8%
Equipment Revenues		41,589		32,883		26.5%		76,277		51,210		48.9%
Fixed Line and Other Revenues		77,008		73,422		4.9%		153,005		145,543		5.1%
EBITDA		41,712		41,205				84,762		75,526
% total revenues		19.7%		19.5%				20.3%		18.6%
EBIT		-33,998		-15,468				-48,431		-37,666
%		-16.0%		-7.3%				-11.6%		-9.3%

* Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as welt as international intercompany transactions. Total revenues include other income,

⁽¹⁾ Under IFRS 16.

⁽²⁾ Under IAS 17.

Chile Operating Data

	2Q19		2Q18		Var.%
Wireless Subscribers (thousands)		6,725		6,991		-3.8%
Postpaid		2,192		1,994		9.9%
Prepaid		4,533		4,996		-9.3%
MOU		171		156		9.7%
ARPU (ChP)(1)		5,241		5,185		1.1%
Churn (%)		6.3%		5.7%		0.6
Revenue Generating Units (RGUs)*		1,427		1,372		4.0%

* Fixed Line, Broadband and Television.

⁽¹⁾ Under IFRS 15.

Colombia

We added 257 thousand wireless subscribers in the second quarter bringing our wireless subscriber base to 30.1 million, up 3.3% year-on-year. Postpaid net additions reached 118 thousand; in June our postpaid base was up 4.8% to 7.1 million. Fixed-RGUs rose 7.2% year-on-year to 7.5 million after adding 138 thousand RGUs in the quarter, including 49 thousand new broadband accesses and 46 thousand PayTV units.

Total revenues reached 3.1 trillion Colombian pesos, as service revenues accelerated to 5.2% from 3.4% the precedent quarter. Mobile service revenue growth increased to 3.3% from 0.8% in the first quarter and -1.7% in the fourth quarter of last year. Postpaid revenues started to recover in the first quarter of 2019 and are now expanding at a pace of 6.1% year-on-year. In the prepaid segment, the revenue decline decelerated to -1.9%, from -7.9% in the prior quarter. Mobile ARPU was up 6.9% year-on-year with MOUs increasing nearly 30% to 260 minutes.

Fixed service revenues increased 8.5% on the back of very steady corporate network and broadband service revenue growth, at 13.1% and 11.4% respectively; fixed voice revenues expanded 9.5% and those from PayTV 5.9%.

The EBITDA figure for the quarter came in at 1.4 trillion Colombian pesos representing an EBITDA margin of 43.7% of revenues. On a comparable basis EBITDA was 8.4% higher than a year before with the EBITDA margin increasing 50 basis points as we continued to enforce our cost control programs.

INCOME STATEMENT - ColombiaBillions of COP
	2Q19(1)		2Q18(2)		Var.%		Jan - Jun  19(1)		Jan - Jun  18(2)		Var.%
Total Revenues*		3,101		2,892		7.2%		6,032		5,701		5.8%
Total Service Revenues		2,394		2,275		5.2%		4,758		4,560		4.3%
Wireless Revenues		2,156		2,021		6.6%		4,159		3,993		4.2%
Service Revenues		1,484		1,436		3.3%		2,961		2,901		2.0%
Equipment Revenues		672		586		14.8%		1,199		1,092		9.8%
Fixed Line and Other Revenues		929		856		8.5%		1,831		1,687		8.5%
EBITDA		1,354		1,192				2,638		2,338
%		43.7%		41.2%				43.7%		41.0%
EBIT		776		680				1,496		1,339
%		25.0%		23.5%				24.8%		23.5%

* Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.

⁽¹⁾ Under IFRS 16.

⁽²⁾ Under IAS 17.

Colombia Operating Data
	2Q19		2Q18		Var.%
Wireless Subscribers* (thousands)		30,144		29,168		3.3%
Postpaid		7,115		6,787		4.8%
Prepaid		23,029		22,381		2.9%
MOU(1)		260		202		28.8%
ARPU (COP)(2)		17,487		16,355		6.9%
Churn (%)		4.8%		4.6%		0.2
Revenue Generating Units (RGUs)**		7,459		6,960		7.2%

* Due to differences in the policy for accounting active subscribers, the figures in this report are different from those published by the Ministry of Communications of Colombia (MinTIC).

** Fixed Line, Broadband and Television.

⁽¹⁾ We modified the methodology for calculating MOUs. We no longer include M2M subscribers.

⁽²⁾ Under IFRS 15.

Ecuador

We added 47 thousand wireless subscribers in the second quarter to finish June with 8.4 million wireless subscribers, 3.6% more than a year before. RGUs expanded 9.0% to 409 thousand accesses, all broadband.

The quarter’s revenues remined practically unchanged at 334 million dollars from a year before but have begun to grow again after several quarters of mild declines, increasing 2.4% sequentially driven by prepaid service revenues. Fixed service revenues of 22 million dollars were up 4.9% annually driven by broadband revenues that increased 12.6%.

Second quarter EBITDA came in at 146 million dollars, with the EBITDA margin equivalent to 43.6% of revenues under IFRS16. On a comparable basis, EBITDA was up 6.9% in absolute terms as the margin climbed 2.6 percentage points helped along by lower promotional costs.

INCOME STATEMENT - Ecuador Millions of Dollars
	2Q19(1)		2Q18(2)		Var.%		Jan - Jun 19(1)		Jan - Jun 18(2)		Var.%
Total Revenues*		334		334		0.1%		660		648		1.9%
Total Service Revenues		279		279		-0.1%		551		551		0.1%
Wireless Revenues		310		310		-0.1%		613		605		1.5%
Service Revenues		257		258		-0.5%		508		510		-0.5%
Equipment Revenues		54		53		1.9%		106		94		12.0%
Fixed Line and Other Revenues		23		22		3.5%		46		43		5.5%
EBITDA		146		130				284		253
% total revenues		43.6%		38.8%				43.0%		39.0%
EBIT		89		78				170		149
%		26.6%		23.3%				25.7%		23.0%

* Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.

⁽¹⁾ Under IFRS 16.

⁽²⁾ Under IAS 17.

Ecuador Operating Data
	2Q19		2Q18		Var.%
Wireless Subscribers (thousands)		8,356		8,068		3.6%
Postpaid		2,657		2,572		3.3%
Prepaid		5,699		5,495		3.7%
MOU		443		414		7.0%
ARPU (USS)(1)		10		11		-4.3%
Churn (%)		4.3%		4.8%		(0.4)
Revenue Generating Units (RGUs)*		409		375		9.0%

* Fixed Line, Broadband and Television.

⁽¹⁾ Under IFRS 15.

Peru

We ended June with 11.7 million wireless subscribers after disconnecting 92 thousand prepaid subs in the quarter. Fixed RGUs of 1.5 million were up 7.2% year-on-year driven by broadband accesses that were up 13.3%.

Total revenues declined 0.5% to 1.3 billion soles with equipment revenues rising 15.1% and service revenues falling 5.2%. Mobile service revenues fell 6.5% which compares to a contraction of 12% in the prior quarter. Mobile termination rates were reduced 70% in January; adjusting for this effect, mobile service revenues would have fallen 3.4%. Postpaid revenues are recovering slightly faster than prepaid.

The quarter’s EBITDA totaled 353 million soles and was equivalent to 28.0% of revenues. Under the prior accounting methodology, EBITDA posted a 15.6% increase and the margin climbed 3.5 percentage points. The improvement is linked for the most part to a reduction in subsidies that are still pretty high for the region, and to a lesser extent to an improvement in net interconnection revenues.    

INCOME STATEMENT -  Peru Millions of Soles
	2Q19(1)		2Q18(2)		Var.%		Jan - Jun 19(1)		Jan - Jun 18(2)		Var.%
Total Revenues*		1,262		1,268		-0.5%		2,525		2,603		-3.0%
Total Service Revenues		922		973		-5.2%		1,848		1,995		-7.4%
Wireless Revenues		1,047		1,053		-0.6%		2,086		2,169		-3.8%
Service Revenues		716		766		-6.5%		1,431		1,578		-9.3%
Equipment Revenues		331		287		15.1%		655		590		11.0%
Fixed Line and Other Revenues		206		207		-0.4%		417		418		-0.3%
EBITDA		353		271				706		587
% total revenues		28.0%		21.4%				27.9%		22.5%
EBIT		106		82				225		213
%		8.4%		6.5%				8.9%		8.2%

* Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.

⁽¹⁾ Under IFRS 16.

⁽²⁾ Under IAS 17.

Peru Operating Data
	2Q19		2Q18		Var.%
Wireless Subscribers (thousands)		11,726		12,656		-7.4%
Postpaid		4,095		4,205		-2.6%
Prepaid		7,631		8,452		-9.7%
MOU		269		241		12.0%
ARPU (Sol)(1)		20		20		0.4%
Churn (%)		5.8%		6.1%		(0.2)
Revenue Generating Units (RGUs)*		1,540		1,436		7.2%

* Fixed Line, Broadband and Television.

⁽¹⁾ Under IFRS 15.

Central America

Our combined operations in Central America ended June with 15.5 million wireless subscribers. Our base showed a significant decline following disconnections of 406 thousand subs in Nicaragua given the economic and political conditions in the country. Fixed-RGUs were just shy of seven million, having increased 12.0% over the year as broadband accesses rose 18.9%.

We consolidate the recently acquired operations of Telefónica Guatemala from February 1st; financial indicators in this section of the report are presented pro forma.

Revenues of 605 million dollars were 5.6% lower than a year before with service revenues falling 3.8%. Guatemala accounts for over 40% of the region’s revenues. Service revenues declined 1.5% year on year dragged by fixed service revenues that came down 5.1%. We are making good progress with the consolidation of our recently acquired assets, however EBITDA was down in the period due to lower profitability of the new company.

In El Salvador, our second largest operation, we saw service revenues rising 4.0% with mobile service revenues growing twice as rapidly on the back of strong prepaid growth. EBITDA was up nearly 9% as compared to the prior year. Then comes Nicaragua, that is undergoing a tough economic crisis that led service revenues down 7.1%. We have been making important efforts to adjust our cost base and the decline in EBITDA was only 1.6%.

In the smaller markets we saw good trends in Costa Rica and Panama where service revenues increased 5.1% and 3.6%, respectively. In the former, where we started operations from scratch, we have seen solid growth on both the fixed and the mobile platforms; in the latter, growth derives from better performance in the mobile prepaid segment. As regards EBITDA, we also had major improvements in both markets, although from a small base. In Honduras, service revenues contracted 0.7% and EBITDA fell sharply as costs related to energy and salaries, among others, have increased as well as bad debt as economic conditions in the country have deteriorated.

We invested over 300 million dollars in the acquisition of Telefonica’s operations in Guatemala and expect to invest a similar amount in El Salvador, acquiring also Telefonica’s operation in the country, once we receive the authorization from the relevant authorities. In addition we have materially stepped up our overall investments in the Central American region which is expected to undergo a major structural transformation in the coming years with increased infrastructure and social services. The Mesoamerica project established by the U.S. government together with various Central American countries and with Mexico will channel new resources to the region, with the participation of several private and multilateral organizations.

INCOME STATEMENT - Central America Pro forma Millions of Dollars
	2Q19(1)		2Q18(2)		Var.%		Jan - Jun 19(1)		Jan - Jun 18(2)		Var.%
Total Revenues*		605		641		-5.6%		1,215		1,281		-5.1%
Total Service Revenues		521		542		-3.8%		1,048		1,084		-3.3%
Wireless Revenues		414		441		-6.1%		828		872		-5.1%
Service Revenues		342		355		-3.9%		682		704		-3.1%
Equipment Revenues		72		86		-15.3%		145		168		-13.5%
Fixed Line and Other Revenues		186		196		-5.4%		380		399		-4.9%
EBITDA		209		203				444		410
% total revenues		34.6%		31.8%				36.5%		32.0%
EBIT		60		76				146		151
%		9.9%		11.8%				12.0%		11.8%

* Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.

⁽¹⁾ Under IFRS 16.

⁽²⁾ Under IAS 17.

Central America Operating Data
	2Q19		2Q18		Var.%
Wireless Subscribers (thousands)		15,450		16,074		-3.9%
Postpaid		2,507		2,439		2.8%
Prepaid		12,943		13,635		-5.1%
MOU(1)		146		155		-5.5%
ARPU (USS)(2)		7		7		2.5%
Churn (%)		6.6%		6.9%		(03)
Revenue Generating Units (RGUs)*		6,958		6,030		15.4%

* Fixed Line, Broadband and Television.

⁽¹⁾ We modified the methodology for calculating MOUs. We no longer include M2M subscribers.

⁽²⁾ Under IFRS 15.

Caribbean

Our combined subscriber base ended June with 6.1 million wireless clients, 5.7% more than a year before. In the Dominican Republic we added 75 thousand subscribers bringing the base up 6.0%, while in Puerto Rico we had net subscriber gains of nine thousand. In the fixed line segment, we ended June with 2.5 million units of which 1.9 million are in the Dominican Republic.

Total revenues increased 5.0% In the Dominican Republic with service revenue growth of 4.8%. Mobile service revenues were up 6.9% supported by strong prepaid revenues that have increased on the back of data services. Fixed-line service revenues grew 2.4% with broadband and PayTV revenues rising 12.8% and 11.3%, respectively, whereas fixed voice revenues came down 8.2% following a contraction of long distance revenues of 27.5%. EBITDA was up 6.4% and the margin rose 60 basis points under comparable accounting standards.

In Puerto Rico second quarter revenues declined 13.4% as compared to the prior year when we had booked extraordinary revenues associated to government aid and insurance claims; adjusting for these, revenues would have been practically flat relative to the year-earlier quarter. On a comparable basis, adjusting for the above, mobile service revenues rose 4.1% while fixed service revenues expanded 33% driven by broadband services, a reflection of the gradual normalization of fixed-line telecom services in the island. EBITDA would have been nearly four times higher than that of the prior year under prior accounting standards and excluding extraordinary effects.

INCOME STATEMENT - Caribbean Millions of Dollars
	2Q19(1)		2Q18(2)		Var.%		Jan - Jun 19(1)		Jan - Jun 18(2)		Var.%
Total Revenues*		451		478		-5.6%		901		954		-5.5%
Total Service Revenues		402		405		-0.8%		801		800		0.1%
Wireless Revenues		265		262		1.1%		530		519		2.1%
Service Revenues		216		207		4.0%		430		415		3.7%
Equipment Revenues		49		55		-10.1%		100		105		-4.3%
Fixed Line and Other Revenues		189		201		-6.1%		377		392		-3.8%
EBITDA		148		145				296		273
% total revenues		32.9%		30.3%				32.8%		28.7%
EBIT		60		79				132		139
%		13.4%		16.6%				14.6%		14.6%

* Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.

⁽¹⁾ Under IFRS 16.

⁽²⁾ Under IAS 17.

Caribbean Operating Data
	2Q19		2Q18		Var.%
Wireless Subscribers (thousands)		6,064		5,737		5.7%
Postpaid		1,975		1,900		4.0%
Prepaid		4,089		3,837		6.6%
MOU(1)		239		261		-8.4%
ARPU (US$)(2)		12		12		-14%
Churn (%)		3.5%		3.8%		-0.3
Revenue Generating Units (RGUs)*		2,545		2,603		-2.2%

* Fixed Line, Broadband and Television.

⁽¹⁾ We modified the methodology for calculating MOUs. We no longer include M2M subscribers.

⁽²⁾ Under IFRS 15.

United States

Our wireless subscriber base ended June with 21.4 million subscribers, 3.1% less than a year before, after net disconnections of 164 thousand in the second quarter, compared to 635 thousand in the same quarter of 2018. Excluding SafeLink net disconnections for the quarter were 72 thousand whereas we registered 206 thousand in the year earlier quarter.

Our second quarter revenues, nearly two billion dollars, were up 3.9% as equipment revenues rose 21.5% over the year and service revenues increased 1.4%, compared to 0.6% the prior quarter. At 26 dollars per subscriber, ARPU was 5.5% higher than a year before.

EBITDA of 177 million dollars was up 8.2% year-on-year; the EBITDA margin, 8.9%, was 40 basis points higher than in 2018.

INCOME STATEMENT - United StatesMillions of Dollars

	2Q19		2Q18		Var.%		Jan - Jun 19		Jan - Jun 18		Var.%
Total Revenues		1,998		1,923		3.9%		3,990		3,927		1.6%
Service Revenues		1,709		1,684		1.4%		3,399		3,364		1.0%
Equipment Revenues		289		238		21.5%		592		563		5.1%
EBITDA		177		164		8.2%		301		316		-4.8%
% total revenues		8.9%		8.5%				7.5%		8.1%
EBIT		159		144		9.9%		263		277		-4.9%
%		7.9%		7.5%				6.6%		7.0%

United States Operating Data

	2Q19		2Q18		Var.%
Wireless Subscribers (thousands)		21,435		22,126		-3.1%
Straight Talk		9,329		8,993		3.7%
SafeLink		2,568		3,265		-21.4%
Other Brands		9,539		9,868		-3.3%
MOU		577		538		7.4%
ARPU (US$)		26		25		5.5%
Churn (%)		3.7%		4.2%		(0.5)

Telekom Austria Group

We ended June with a total of 21.2 million wireless subscribers, 2.0% more than a year before. On the postpaid segment our base was up 4.4% over the year with growth in all markets except for Bulgaria due to a SIM-card cleanup.

Contract additions for the quarter added up to 287 thousand including 211 thousand in Austria. Prepaid subscribers declined 5.7% after net disconnections of 48 thousand, including 88 thousand in Austria as a result of regulations implemented at the beginning of 2019 that require registering SIM cards. Fixed-RGUs increased 0.5% year-on-year with solid growth of broadband accesses in all markets except for Austria and Belarus.

Group revenues increased 2.6% with service revenues rising in all markets. Fixed service revenues expanded 3.8%, growing in all markets but Macedonia, with particularly strong growth in ICT solutions and connectivity revenues in Austria and Bulgaria. On the mobile segment, group service revenues of 515 million euros were up 2.3% year-on-year. In Austria, service revenues from mobile WiFi routers offset the reduction of roaming and interconnection revenues, whereas in the group’s international operations, mobile service revenues increased 4.8% annually.

The Group’s EBITDA was up 2.7%—excluding restructuring charges, one-offs, and FX variations—to 406 million euros, equivalent to 36.1% of revenues. In our operations in Eastern Europe EBITDA increased 5.1%, with all segments showing annual growth, which was particularly strong in Bulgaria and Croatia. In Austria, after restructuring charges EBITDA was up 0.8%.

INCOME STATEMENT (In accordance with IFRS 16) - A1 Telekom Austria Group

Millions of Euros

	2Q19		2Q18		Var.%		Jan - Jun 19		Jan - Jun 18		Var.%
Total Revenues		1,123		1,094		2.6%		2,212		2,167		2.1%
Total service revenues		944		916		3.0%		1,868		1,815		2.9%
Wireless service revenues		515		504		2.3%		1,010		991		1.9%
Fixed-line service revenues		428		413		3.8%		858		824		4.2%
Equipment revenues		150		152		-1.3%		293		305		-4.0%
Other operating income		29		26		10.8%		51		47		7.4%
EBITDA		392		397		-1.4%		766		785		-2.4%
% total revenues		34.9%		36.3%				34.6%		36.2%
Adjusted EBITDA(1)		413		398		3.9%		808		785		2.9%
% total revenues		36.8%		36.3%				36.5%		36.2%
EBIT		155		101		53.8%		295		162		81.6%
% total revenues		13.8%		9.2%				13.3%		7.5%

For further detail please visit www.a1.group/en/investor-relations

⁽¹⁾ Does not include restructuring charges in Austria.

A1 Telekom Austria Group Operating Data

	2Q19		2Q18		Var.%
Wireless Subscribers (thousands)		21,180		20,756		2.0%
Postpaid		16,583		15,883		4.4%
Prepaid		4,596		4,873		-5.7%
MOU(1)		366		352		4.0%
ARPU (Euros)		8		8		0.5%
Churn (%)		1.5%		1.6%		(0.1)
Revenue Generating Units (RGUs)*		6,172		6,142		0.5%

* Fixed Line, Broadband and Television.

⁽¹⁾ We modified the methodology for calculating MOUs. We no longer include M2M subscribers.

Appendix 1: Income Statement Reconciliation from IAS 17 to IFRS 16

América Móvil’s Income Statement
Millions of Mexican pesos	Jan - Jun 19 IAS 17		Changes brought         about by IFRS 16		Jan - Jun 19 IFRS 16
Total Costs and Expenses		356,332		(13,798)		342,534
EBITDA		139,404		13,798		153,201
Depreciation & Amortization		69,234		11,815		81,049
EBIT		70,170		1,983		72,153
Net Interest Expense		13,899		4,093		17,992
Other Financial Expenses		5,498				5,498
Foreign Exchange Loss		(10,417)				(10,417)
Comprehensive Financing Cost (Income)		8,980		4,093		13,073
Income & Deferred Taxes		24,368		(83)		24,286
Net Income before Minority Interest and Equity Participation in Results of Affiliates		36,822		(2,027)		34,794
Equity Participation in Results of Affiliates		14				14
Minority Interest		(1,299)				(1,299)
Net Income		35,536		(2,027)		33,509

Appendix 2: Balance Sheet Reconciliation from IAS 17 to IFRS 16

Balance Sheet - América Móvil Consolidated

Millions of Mexican      Pesos	Jun ‘19 IAS 17		Changes brought about by IFRS 16		Jun ‘19 IFRS 16			Jun ‘19 IAS 17		Changes brought about by IFRS 16		Jun ‘19 IFRS 16
Current Assets		368,377				368,377	Current Liabilities
							Short Term Debt*		158,553				158,553
							Lease-Related Debt				27,479		27,479
							Other Current Liabilities		373,899		775		374,674
									532,452		28,254		560,706
Non Current Assets		1,074,042		114,790		1,188,832	Non Current Liabilities
							Long Term Debt		493,432				493,432
							Lease-Related Debt				88,507		88,507
							Other Liabilities		165,102		138		165,240
									658,534		88,645		747,179
							Shareholder’s Equity		251,433		(2,110)		249,323
Total Assets		1,442,419		114,790		1,557,209	Total Liabilities and Equity		1,442,419		114,790		1,557,209

Appendix 3: EBITDA under IAS 17

EBITDA (IAS 17) Millions in Local Currency

	2Q19		2Q18		Var.%		Jan-Jun 19		Jan-Jun 18		Var.%
Mexico
EBITDA		24,968		23,838		4.7%		47,635		46,268		3.0%
% of Total Revenues		34.1%		33.6%				33.9%		33.8%
Argentina, Paraguay & Uruguay
EBITDA		8,268		5,505		50.2%		15,666		10,672		46.8%
% of Total Revenues		36.6%		36.3%				36.3%		36.1%
Brazil
EBITDA		2,981		2,846		4.7%		5,938		5,682		4.5%
% of Total Revenues		33.2%		32.0%				33.1%		32.1%
Chile
EBITDA		31,394		41,205		-23.8%		64,126		75,526		-15.1%
% of Total Revenues		14.8%		19.5%				15.3%		18.6%
Colombia
EBITDA		1,292		1,192		8.4%		2,516		2,338		7.6%
% of Total Revenues		41.7%		41.2%				41.7%		41.0%
Ecuador
EBITDA		138		129		6.9%		268		253		5.8%
% of Total Revenues		41.2%		38.5%				40.5%		39.0%
Peru
EBITDA		313		271		15.6%		628		587		6.9%
% of Total Revenues		24.8%		21.4%				24.8%		22.5%
Central America
EBITDA Pro Forma		192		203		-5.5%		387		410		-5.7%
% of Total Revenues		31.8%		31.3%				31.9%		31.8%
Caribbean
EBITDA		136		145		-6.0%		271		273		-1.0%
% of Total Revenues		30.2%		30.3%				30.1%		28.7%

Appendix 4: Argentina Constant Peso Results

INCOME STATEMENT -Argentina Millions of Constant ARP of June 2019

	2Q19		1Q19		Var.%
Total Revenues*		20,139		20,308		-0.8%
Total Service Revenues		16,418		16,400		0.1%
Wireless Revenues		18,794		18,984		-1.0%
Service Revenues		15,037		15,023		0.1%
Equipment Revenues		3,721		3,907		-4.8%
Fixed Line and Other Revenues		1,512		1,482		2.0%
EBITDA		8,726		8,531		2.3%
% total revenues		43.3%		42.0%
EBIT		7,504		7,267		3.3%
%		37.3%		35.8%

* Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.

Glossary of Terms

ARPU	Average Revenue per User. The ratio of service revenues in a given period to the average number of wireless subscribers in the same period. It is presented on a monthly basis.
ARPM	Average Revenue per Minute. The ratio of service revenues to airtime traffic.
Capex	Capital Expenditure. Accrued capital expenditures related to the expansion of the telecommunications infrastructure.
Churn	Disconnection Rate. The ratio of wireless subscribers disconnected during a given period to the number of wireless subscribers at the beginning of that period.
EBIT	Earnings Before Interest and Taxes, also known as Operating Profit.
EBIT	The ratio of EBIT to total operating revenue.
margin
EBITDA	Earnings Before Interest, Taxes, Depreciation, and Amortization.
EBITDA	The ratio of EBITDA to total operating revenue.
margin
EPS	Earnings per share. Total earnings in Mexican pesos divided by total shares.
(Mexican
pesos)
Earnings	Total earnings in U.S. dollars divided by total ADRs equivalent.
per ADR
(US$)
Gross	Total number of subscribers acquired during the period.
additions
Licensed	Licensed population. Population covered by the licenses that each of the companies manage.
pops
LTE	Long-term evolution is a 4th generation standard for wireless communication of high-speed data for mobile phones and data terminals.

Market	A company’s subscriber base divided by the total number of subscribers in that country.
share
MBOU	Megabytes of Use per subscriber. The ratio of wireless data in a given period to the average number of wireless subscribers in that same period. It is presented on a monthly basis.
MOU	Minutes of Use per subscriber. The ratio of wireless traffic in a given period to the average number of wireless subscribers in that same period. It is presented on a monthly basis.
Net	The difference in the subscriber base from one period to another. It is the different between gross additions and
subscriber	disconnections.
additions
Net debt	Total short and long term debt minus cash and marketable securities.
Net debt	The ratio of total short and long term debt minus cash and securities to trailing 12-month income before interest, taxes,
/ EBITDA	depreciation and amortization.
Prepaid	Subscriber that may purchase airtime to recharge a cellular phone. The client does not hold a contract with the company for voice and data services.
Postpaid	Subscriber that has a contract for the use of airtime. The client has no need of activating airtime, it is done so immediately.
SMS	Short Message Service.
SAC	Subscriber Acquisition Cost. The sum of handset subsidies, marketing expenses and commissions to distributors for handset activation. Handset subsidy is calculated as the difference between equipment cost and equipment revenues.
Wireless	The ratio of total wireless subscribers in any given country divided by the total population in that country.
penetration

Exchange Rates Local Currency Units per USD
	2Q19		2Q18		Var.%		Jan-Jun 19		Jan-Jun 18		Var.%
Euro
EoP		0.88		0.86		2.7%		0.88		0.86		2.7%
Average		0.89		0.84		6.1%		0.89		0.83		7.2%
Mexico Peso
EoP		19.14		20.06		-4.5%		19.14		20.06		-4.5%
Average		19.12		19.37		-1.3%		19.17		19.07		0.5%
Brazilean Real
EoP		3.83		3.86		-0.6%		3.83		3.86		-0.6%
Average		3.92		3.60		8.8%		3.85		3.43		12.3%
Argentinean Peso
EoP		42.46		28.85		47.2%		42.46		28.85		47.2%
Average		43.93		23.51		86.8%		41.47		21.60		92.0%
Chilean Peso
EoP		679		651		4.3%		679		651		4.3%
Average		684		621		10.1%		675		611		10.5%
Colombian Peso
EoP		3,197		2,945		8.6%		3,197		2,945		8.6%
Average		3,241		2,837		14.2%		3,189		2,847		12.0%
Guatemalan Quetzal
EoP		7.71		7.49		2.9%		7.71		7.49		2.9%
Average		7.67		7.44		3.1%		7.70		7.40		3.9%
Peruvian Sol
EoP		3.29		3.27		0.5%		3.29		3.27		0.5%
Average		3.32		3.26		1.9%		3.32		3.25		2.3%
Dominican Republic Peso
EoP		51.25		49.43		3.7%		51.25		49.43		3.7%
Average		50.76		49.41		2.7%		50.66		49.19		3.0%

Exchange Rates Local Currency Units per MxP
	2Q19		2Q18		Var.%		Jan-Jun 19		Jan-Jun 18		Var.%
Euro
EoP		0.05		0.04		7.6%		0.05		0.04		7.6%
Average		0.05		0.04		7.5%		0.05		0.04		6.6%
U.S. dollar
EoP		0.05		0.05		4.8%		0.05		0.05		4.8%
Average		0.05		0.05		1.3%		0.05		0.05		-0.5%
Brazilean Peso
EoP		0.20		0.19		4.1%		0.20		0.19		4.1%
Average		0.21		0.19		10.2%		0.20		0.18		11.7%
Argentean Peso
EoP		2.22		1.44		54.2%		2.22		1.44		54.2%
Average		2.30		1.21		89.3%		2.16		1.13		90.9%
Chilean Peso
EoP		35.5		32.5		9.3%		35.5		32.5		9.3%
Average		35.7		32.0		11.6%		35.2		32.1		9.9%
Colombian Peso
EoP		167		147		13.7%		167		147		13.7%
Average		170		146		15.8%		166		149		11.4%
Guatemala
EoP		0.40		0.37		7.8%		0.40		0.37		7.8%
Average		0.40		0.38		4.5%		0.40		0.39		3.4%
Peruvian Sol
EoP		0.17		0.16		5.3%		0.17		0.16		5.3%
Average		0.17		0.17		3.3%		0.17		0.17		1.7%
Dominican Republic Peso
EoP		2.68		2.46		8.6%		2.68		2.46		8.6%
Average		2.65		2.55		4.1%		2.64		2.58		2.5%

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: July 18, 2019	AMÉRICA MÓVIL, S.A.B. DE C.V.
	By:	/s/ Carlos José García Moreno Elizondo
	Name:	Carlos José García Moreno Elizondo
	Title:	Chief Financial Officer