America Movil reported a solid first quarter in 2026, with revenues rising 6.1% at constant exchange rates fueled by a 4.6% increase in service revenue and double-digit equipment revenue growth. The company's EBITDA expanded 8%, outpacing service revenue growth and pushing margins to near-record levels. Subscriber additions were robust, notably in postpaid wireless segments across Brazil, Colombia, and Peru, while fixed-line broadband connections also grew meaningfully. Capital allocation remains disciplined with continued share buybacks and dividend payments amid modest net debt reduction. The company's scale, integrated product offerings, and regional diversification underpin its competitive moat despite economic and regulatory challenges.