inside Mexico There are successful companies out there and the biggest is obviously Telmex, which started to implement telephony within the country, it is also a pioneer in providing internet for home and computer companies. However, two obstacles have come with time, first is competitors with more attractive offers and second, that most people today do not have telephone lines because they already have cell phones.
Based on this information, it has recently been known that this company is owned by Md Carlos Slim Recorded a net loss of 4,385 million pesos, or $237.5 million, for the first half of 2024 and the problem is that it is 3% higher than last year. It added that it would lose the most money in a 29-month period, needing to find a more attractive dynamic to attract customers.
Telmex It attributed its quarterly and half-yearly losses to various factors. This includes a net charge of 4,112 million pesos (US$222.7 million), 611 million pesos (US$33 million) related to leases, another 3,286 million pesos (US$178 million) related to employee benefit obligations and an exchange. A loss of 215 million pesos (US$11.6 million). All this has affected the financial results of the company in the second quarter of 2024.
In the second quarter of 2024, the company made a significant investment of 6,315 million pesos (about $338 million). This amount represents the highest quarterly investment among the major fixed telecommunications operators in Mexico.
In comparison, investment during the same period in 2023 was considerably lower, reaching only 1,761 million pesos, a decrease of 41.85% compared to the second quarter of 2022 and a decrease of 67.39% compared to the second quarter of 2018. The latest investment stands out for its relevance, exceeding 6,000 million pesos (about 325 million dollars) and marking a significant change in the company’s spending strategy.
Through: A.E
Author’s Note: The company invested millions, it was clear that it was going to present losses. As heavy expenditure is recovered over time, it is possible to issue new reports till January 2025.
