MEXICO CITY, April 30 (Reuters) - An executive of

Mexican telecoms giant America Movil said Wednesday that the

company's capital expenditure for 2025 would be $6.7 billion,

below the $7.1 billion capex in 2024.

"It's only because we're seeing a slow down in all the

economies. We have been investing a lot... with the slowdown

that will reduce the capex to $6.7 (billion), that is what we

decided yesterday," said finance chief Carlos Garcia in a call

with investors following the company's first-quarter results.

"I think the reduction this year will not increase the

normal guidance of capex for next year.. I don't know, but we

feel we can save some capex for the future," he added.

Garcia said the company, which is controlled by the

family of Mexican billionaire Carlos Slim, was also monitoring a

telecoms law proposal by President Claudia Sheinbaum and

offering its views to lawmakers.

Sheinbaum has argued the controversial telecommunications

bill would prevent foreign governments from broadcasting

political or ideological propaganda in Mexico, while critics

have said it would promote state control of the sector.

America Movil on Tuesday

reported

a 39% jump in its first-quarter net profit to 18.70 billion

pesos ($914.07 million, compared to the same period in 2024,

citing an increase in operating profit and a decrease in

financing costs.

Revenues of the company came in at 232.04 billion pesos

for the period, up 14% year on year and just short of an LSEG

average forecast of 233.3 billion pesos.