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America Movil's CEO Discusses Q2 2011 Results - Earnings Call Transcript

Stocks in this article: AMOV

America Movil SAB de CV ( AMOV)

Q2 2011 Earnings Call

July 21, 2011 10:00 AM ET

Executives

Michel Morin – Morgan Stanley

Daniel Hajj Aboumrad – CEO

Carlos José García Moreno Elizondo – CFO

Oscar Von Hauske – COO, Wireline

Analysts

Ric Prentiss – Raymond James

Andrew Campbell – Credit Suisse

James Breen – William Blair

Christopher King – Stifel Nicolaus

Tomás Lajous – UBS

Sean Glickenhaus – HSBC

Gray Powell – Wells Fargo

Stanley Martinez – Legal & General

Mauricio Fernandes – Bank of America/Merrill Lynch

Martín Lara (ph)

Carlos Sequeira – BTG Pactua

Andrés Medina Mora – GBM

Walter Piecyk – BTIG

Presentation

Operator

Good morning. At this time, I would like to welcome everyone for the America Movil Second Quarter 2011 Conference Call. Now I’d like to turn the call over to Mr. Michel Morin. Mr. Morin, you may begin your conference.

Michel Morin

Thank you, Nateda. Good morning, everyone. On behalf of Morgan Stanley, I’d like to welcome everyone to America Movil’s second quarter results call. Today on the line with us, we have Daniel Hajj, the CEO; Carlos Garcia Moreno, CFO; Oscar Von Hauske, the Wireline COO; and Daniela Lecuona, Investor Relations Officer. So without further ado, let me turn it over to Daniel.

Daniel Hajj Aboumrad

Thank you, Michel. Thank you. Welcome everybody. Carlos is going to make the summary of the second quarter results.

Carlos José García Moreno Elizondo

Hello, good morning everyone. Thank you Michel for hosting the call. Well, we added in the second quarter – I mean, we added 5.1 million wireless subscribers. That was unfortunately half what we’ve done in quarter, we gained in the first half of the year. In June, we took over 6 million wireless hubs.

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