MEXICO CITY, April 16 (Reuters) - Mexican

telecommunications giant America Movil on Tuesday

posted a 55.2% decrease in its first-quarter net profit, landing

at 13.5 billion pesos, as a stronger peso diluted earnings from

abroad.

The company, controlled by the family of Mexican billionaire

Carlos Slim, reported revenues of 203.3 billion pesos in the

quarter, down 2.7% from a year earlier.

The company said its results were also weaker due to last

year's sales of cell phone towers in the Dominican Republic and

Peru which bumped earnings in the first quarter of 2023. This

quarter, there were no tower sales, the firm said.

America Movil said its core earnings, or earnings before

interest, taxes, depreciation and amortization (EBITDA), fell

2.6% in the quarter to 80.6 billion pesos.

It added 1.5 million mobile subscribers, including 1.3

million post-paid customers, driven by an uptick in Brazil

customers. In the fixed-line segment, the company added 562,000

broadband accesses.

($1= 16.5310 Mexican pesos at the end of March)