Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)

Date: July 15, 2021

AMÉRICA MÓVIL, S.A.B. DE C.V.

/s/ Carlos José García Moreno Elizondo

Carlos José García Moreno Elizondo

Chief Financial Officer

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF A FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of July 2021

Commission File Number: 1-16269

AMÉRICA MÓVIL, S.A.B. DE C.V.

(Exact Name of the Registrant as Specified in the Charter)

America Mobile

(Translation of Registrant’s Name into English)

Lago Zurich 245

Plaza Carso / Edificio Telcel, Piso 16

Colonia Ampliación Granada, Miguel Hidalgo

11529 Mexico City, Mexico

(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

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Carlos Garcĺa-Moreno

Chief Financial Officer

carlos.garciamoreno@amovil.com

Daniela Lecuona Torras

Investor Relations Office

daniela.lecuona@americamovil.com


América Móvil’s second quarter of 2021 financial and operating report

Mexico City, July 13^th, 2021 - América Móvil, S.A.B. de C.V. (“América Móvil”) [BMV: AMX] [NYSE: AMX, AMOV], announced today its financial and operating results for the second quarter of 2021.		2Q21

• We added 4.2 million wireless subscribers in the second quarter, more than 2.0 million were postpaid subscibers. Brazil accounted for 1.1 million postpaid net adds.		4.2M wireless net adds

• On the fixed-line platform we added 128 thousand broadband accesses. All in all, we had net RGU disconnections of 132 thousand accesses.		128k new broadband clients

• Second quarter revenues, 253 billion pesos, were slightly higher than in the year-earlier quarter in nominal peso terms. At constant exchange rates, service revenue increased 5.3% year-on-year and 1.8% over the quarter.		Service revenues +5.3% YoY at constant Fx

• Mobile and fixed-line service revenue were up both on an annual basis and sequential basis at constant exchange rates. In the case of mobile, the increases were 7.2% and 2.2%, respectively; in the case of fixed-line, 1.5% and 0.6%, respectively. The expansion of mobile service revenues was driven by prepaid services, up 9.5% and 3.7%, respectively.		Mobile & fixed service revenues were up on an annual & sequential basis

• EBITDA came in at 84.9 billion pesos, a 2.8% increase in nominal peso terms from the year-earlier quarter. At constant exchange rates it increased 11.9%. However, adjusted for carrier discounts from Tracfone obtained then, EBITDA showed a strong performance, rising 14.6%.		Adjusted EBITDA +15% YoY at constant Fx

• Our 44.7 billion pesos operating profit was up 9.3% in nominal peso terms. At constant exchange rates, correcting for the carrier discounts referred to above, the annual increase in our operating profit would have been 23.7%.		Operating profit up 9.3% YoY

• We obtained a comprehensive financing income in the amount of 17.2 billion pesos on the back of foreign exchange gains. It helped bring about a net profit for the quarter of 42.8 billion pesos that more than doubled that of the year-earlier quarter.		Net profit of MxP 43Bn pesos

• Our operating cash flow allowed us to fund capital expenditures in the amount of 57.4 billion pesos in the six months to June, reduce debt in the amount of 36.9 billion pesos and buy back shares in the amount of 11.0 billion pesos.		CapEx of MxP 57Bn pesos

• We bought back 765.1 million shares, more than any amount repurchased in each of the last six years.

• At the end of June, our net debt stood at 591 billion pesos including 103 billion in capitalized leases; it was equivalent to 1.64 times LTM EBITDA under IAS 17.		Net debt to EBITDA at 1.64x

We will host our conference call to discuss 2Q21 financial and operating results on July 14^th at 9:00 am Mexico City time. To access the call please log on to www.americamovil.com/investors

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América Móvil Fundamentals

	2Q21		2Q20

Earnings per Share (Mex$)⁽¹⁾		0.65	0.30

Earning per ADR (US$)⁽²⁾		0.64	0.25

EBITDA per Share (Mex$)⁽³⁾		1.28	1.25

EBITDA per ADR (US$)		1.28	1.07

Net Income (millions of Mex$)		42,816	19,500

Average Shares Outstanding (billion)		66.30	65.97

Shares Outstanding End of Period (billion)		66.10	65.94

(1) Net Income / Average Shares Outstanding

(2) 20 shares per ADR

(3) EBITDA / Average Shares Outstanding


América Móvil’s Subsidiaries as of June 2021

Country	Brand	Business	Equity Participation

Mexico	Telcel	wireless	100.0%

	Telmex	wireline	98.8%

	Sección Amarilla	other	100.0%

	Telvista	other	90.0%

Argentina	Claro	wireless	100.0%

	Telmex	wireline	100.0%

Brazil	Claro	wireless/wireline	99.6%

Chile	Claro	wireless	100.0%

	Telmex	wireline	100.0%

Colombia	Claro	wireless/wireline	99.4%

Costa Rica	Claro	wireless	100.0%

Dominicana	Claro	wireless/wireline	100.0%

Ecuador	Claro	wireless/wireline	100.0%

El Salvador	Claro	wireless/wireline	95.8%

Guatemala	Claro	wireless/wireline	99.3%

Honduras	Claro	wireless/wireline	100.0%

Nicaragua	Claro	wireless/wireline	99.6%

Panama	Claro	wireless/wireline	100.0%

Paraguay	Claro	wireless/wireline	100.0%

Peru	Claro	wireless/wireline	100.0%

Puerto Rico	Claro	wireless/wireline	100.0%

Uruguay	Claro	wireless/wireline	100.0%

USA	Tracfone	wireless	100.0%

Netherlands	KPN	wireless/wireline	20.9%

Austria	Telekom Austria	wireless/wireline	51.0%

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The reported figures for Argentina corresponding to the second quarter of 2021 are presented in accordance with a) IAS29 reflecting the effects of the adoption of inflationary accounting that became mandatory after the Argentinean economy was deemed to be hyperinflationary in the third quarter of 2018 and b) IAS21 translated to Mexican pesos using the end-of-period exchange rate.

*All comparisons at constant exchange rates for América Móvil’s consolidated figures will exclude Argentina to ensure consistency.*

Relevant Events

On May 7th, we informed that a Tribunal from the International Center for Settlement of Investment Disputes (“ICSID”) issued an award in the arbitration proceeding initiated in August 2016 against the Republic of Colombia pursuant to the Free Trade Agreement between Mexico and Colombia. The ICSID Tribunal held that certain measures adopted by Colombia in relation with the concessions terminated in 2013 by Comunicación Celular, S.A. (COMCEL), subsidiary of AMX, did not represent an expropriation of AMX’s investments in COMCEL.

On May 28th we entered into a committed five-year revolving credit facility (RCF) in an amount in euros equivalent to 1.5 billion U.S. dollars, which replaced an older one. Including this one and one entered into at the level of Telekom Austria, we have three committed RCFs in place for a total amount of 5 billion U.S. dollars that are important liquidity buffers for América Móvil. For the first time, we introduced ESG metrics in the facility, which may result in improved terms in its pricing.

Access Lines



We added 4.2 million wireless subscribers in the second quarter including 1.4 million in Brazil, 870 thousand in Argentina, approximately 430 thousand in each of Mexico and Colombia and approximately 300 thousand in each of Peru and Austria. Just over half of the net adds were postpaid with Brazil accounting for 1.1 million postpaid net adds. Our postpaid subscriber base increased 10.7% and our prepaid one 5.6% year-on-year. We ended the quarter just shy of 300 million wireless subscribers.		Postpaid base up 11% YoY

On the fixed-line platform we added 128 thousand broadband accesses. All in all, we disconnected 132 thousand RGUs. At the end of June we had 80.5 million RGUs.		128k new broadband accesses

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Wireless Subscribers as of June 2021


	Total⁽¹⁾ (Thousands)

Country	Jun ’21		Mar ’21		Var.%		Jun ’20		Var.%

Argentina, Paraguay and Uruguay		25,541		24,618		3.8%		24,259		5.3%

Austria & CEE		22,325		21,932		1.8%		21,208		5.3%

Brazil		67,772		66,337		2.2%		58,520		15.8%

Central America		15,912		15,569		2.2%		14,541		9.4%

Caribbean		6,713		6,562		2.3%		6,087		10.3%

Chile		6,746		6,581		2.5%		6,793		-0.7%

Colombia		33,844		33,461		1.1%		31,535		7.3%

Ecuador		8,308		8,104		2.5%		7,878		5.5%

Mexico		78,742		78,311		0.5%		75,378		4.5%

Peru		11,501		11,181		2.9%		10,387		10.7%

USA		20,334		20,883		-2.6%		20,918		-2.8%

Total Wireless Lines		297,737		293,538		1.4%		277,503		7.3%

(1) Includes total subscribers of all companies in which América Móvil holds an economic interest; does not consider the date in which the companies started being consolidated.

Fixed-Line and Other Accesses (RGUs) as of June 2021


	Total⁽¹⁾ (Thousands)

Country	Jun ’21		Mar ’21		Var.%		Jun ’20		Var.%

Argentina, Paraguay and Uruguay		1,679		1,527		10.0%		1,278		31.4%

Austria & CEE		6,072		6,079		-0.1%		6,105		-0.5%

Brazil		31,926		32,273		-1.1%		33,260		-4.0%

Central America		4,327		4,291		0.8%		4,379		-1.2%

Caribbean		2,615		2,586		1.1%		2,509		4.2%

Chile		1,372		1,376		-0.3%		1,401		-2.1%

Colombia		8,673		8,527		1.7%		7,938		9.3%

Ecuador		493		476		3.6%		454		8.5%

Mexico		21,536		21,739		-0.9%		21,961		-1.9%

Peru		1,855		1,805		2.8%		1,707		8.7%

Total RGUs		80,547		80,680		-0.2%		80,993		-0.6%

(1) Fixed Line, Broadband and Television (Cable & DTH). Central America figures have been adjusted in accordance with the methodology used for all AMX operations.

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América Móvil Consolidated Results


As the U.S. economy recovered rapidly, signs of higher inflation towards the latter part of the second quarter created uncertainty and confusion and drove price corrections in some segments of the financial markets. The yield on three-year Treasury notes, for instance, rose 15 basis points—the equivalent of a 50% increase in yield—as the market brought forward the expected path of increases in interest rates by the Fed. In several Latin American countries inflation exceeded expectations and pushed some central banks—notably in Brazil and Mexico—to begin to hike interest rates. Foreign exchange volatility increased throughout Latin America.

At 253 billion pesos, our revenue was slightly higher, 0.4% than in the year-earlier quarter in nominal peso terms, with service revenue declining 4.6% and equipment revenue jumping 34.0% on the face of greater commercial activity. At constant exchange rates, service revenue actually increased 5.3% year-on-year and, importantly, was up 1.8% on a sequential basis. It is to be noted that the second quarter of 2020 was the one in which the effects of the pandemic both in terms of commercial activity and revenue were more deeply felt, so the annual comparison may be somewhat misleading. But the first quarter of 2020 was largely free of the effects of the pandemic and happens to be a good reference: in the first quarter of this year, service revenue had risen 1.2% from the prior year.		Service revenues +5.3% YoY at constant Fx

Nominal peso revenue growth turned out to be significantly lower than that at constant exchange rates due to the fact that in the reference period the Mexican peso appreciated vs. all other currencies in our operations bar none. The value of the Mexican peso rose 16.3% vs. the U.S. dollar, 6.3% vs. the euro; 14.7% vs. the Brazilian real and 12.0% vs. the Colombian peso, appreciating even more vs. the Peruvian sol, 28.6%, and the Argentinean peso, 61.6%. The above means that the revenue of our combined international operations came down in Mexican peso terms, dragging with it the total amount of nominal peso revenue.	2Q21 Service Revenues⁽¹⁾ (%)

Mobile and fixed-line service revenues were up both on an annual basis and on a sequential basis at constant exchange rates. In the case of mobile, the	(1) Includes Fixed-Broadband, Pay-TV and Fixed Voice in double or triple play bundles.	Prepaid revenues up 9.5% YoY and 3.7% QoQ at constant Fx
increases were 7.2% and 2.2% respectively; in the case of fixed-line, 1.5% and 0.6%. The expansion of mobile service revenues was driven by prepaid services, up 9.5% and 3.7% respectively, with postpaid service revenues expanding 4.4% and 0.5%. The high sequential increase in prepaid revenue goes to show the strength of the recovery currently underway in Mexico and the U.S., but also in Central America/Caribbean and Eastern Europe, regions where prepaid services are relatively more important.

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On the fixed-line platform both broadband and corporate network services also presented annual and sequential revenue increases: 7.0% and 0.9% for broadband, and 3.9% and 1.1% for corporate networks. PayTV and wireline voice were the only business lines that exhibited declines both on an annual and sequential basis, at -5.3% and -2.3%, and -6.4% and -0.9% respectively.				Broadband & corporate network services presented annual and sequential increases

América Móvil’s Income Statement Millions of Mexican pesos



	2Q21		2Q20		Var.%		Jan-Jun 21		Jan-Jun 20		Var.%

Service Revenues		209,466		219,457		-4.6%		416,575		428,970		-2.9%

Equipment Revenues		41,137		30,699		34.0%		80,352		70,179		14.5%

Total Revenues*		252,507		251,583		0.4%		500,693		501,645		-0.2%

Cost of Service		74,807		77,298		-3.2%		149,999		152,774		-1.8%

Cost of Equipment		41,232		35,341		16.7%		81,737		75,729		7.9%

Selling, General & Administrative Expenses		50,004		55,142		-9.3%		99,434		110,708		-10.2%

Others		1,517		1,154		31.5%		2,920		2,199		32.8%

Total Costs and Expenses		167,560		168,935		-0.8%		334,090		341,410		-2.1%

EBITDA		84,947		82,648		2.8%		166,603		160,236		4.0%

% of Total Revenues		33.6%		32.9%				33.3%		31.9%

Depreciation & Amortization		40,241		41,740		-3.6%		80,750		80,417		0.4%

EBIT		44,706		40,908		9.3%		85,853		79,819		7.6%

% of Total Revenues		17.7%		16.3%				17.1%		15.9%

Net Interest Expense		8,363		8,972		-6.8%		17,105		18,352		-6.8%

Other Financial Expenses		-4,447		1,339		n.m.		6,300		-21,753		129.0%

Foreign Exchange Loss		-21,077		1,371		n.m.		-4,716		94,099		-105.0%

Comprehensive Financing Cost (Income)		-17,161		11,682		-246.9%		18,689		90,698		-79.4%

Income & Deferred Taxes		17,762		8,156		117.8%		20,320		-3,864		n.m.

Net Income before Minority Interest and Equity Participation in Results of Affiliates		44,104		21,070		109.3%		46,845		-7,015		n.m.

Equity Participation in Results of Affiliates		3		-286		100.9%		16		-284		105.7%

Minority Interest		-1,291		-1,284		-0.6%		-2,235		-2,063		-8.3%

Net Income		42,816		19,500		119.6%		44,626		-9,362		n.m.

*Total revenues include Other Revenues.

n.m. Not meaningful.

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Selling and marketing expenses were up 9.6% year-on-year and 2.2% quarter-over-quarter at constant exchange rates, with the cost of equipment rising 26.7% and 2.7% respectively. Bad debt provisions, for their part, plummeted 51.2% on an annual basis and -2.0% sequentially. The cost of service increased 7.3% annually principally on account of there having been some carrier discounts applied last year for the benefit of Tracfone. In the absence of these discounts the cost of service would have increased 4.7% year-on-year.		Bad debt was down 51% YoY at constant Fx

Second quarter EBITDA came in at 84.9 billion pesos, a 2.8% increase in nominal peso terms from the year-earlier quarter. At constant exchange rates it increased 11.9%. However, adjusted for the carrier discounts mentioned above, EBITDA had a strong performance, increasing 14.6%. The EBITDA margin was 33.6%, a 0.8 percentage points increase from a year before in spite of the greater commercial activity.		Adjusted EBITDA +15% YoY at constant Fx

Our operating profit increased 9.3% to 44.7 billion pesos. Depreciation and amortization charges held steady at 19% of service revenues, resulting—given the increase in EBITDA—in an operating profit that was up 17.9% at constant exchange rates on an annual basis and 6.2% quarter-over-quarter. Correcting for the carrier discounts referred to above, the annual increase in our operating profit would have been 23.7%.		Adjusted operating profit +24% YoY at constant Fx


Balance Sheet - América Móvil Consolidated Millions of Mexican Pesos

	Jun ‘21		Dec ‘20		Var.%			Jun ‘21		Dec ‘20		Var.%

Current Assets							Current Liabilities

Cash, Marketable Securities & Other Short Term Ivestments		100,140		90,554		10.6%	Short Term Debt*		117,890		148,083		-20.4%

Accounts Receivable		216,088		228,906		-5.6%	Lease-Related Debt		27,683		25,068		10.4%

Other Current Assets		16,991		10,385		63.6%	Accounts Payable		265,329		237,287		11.8%

Inventories		31,699		30,377		4.4%	Other Current Liabilities		94,515		96,872		-2.4%

		364,919		360,223		1.3%			505,418		507,311		-0.4%



Non Current Assets							Non Current Liabilities

Plant & Equipment, gross		1,368,727		1,355,801		1.0%	Long Term Debt		470,360		480,300		-2.1%

-Depreciation		659,395		632,871		4.2%	Lease-Related Debt		75,518		84,259		-10.4%

Plant & Equipment, net		709,332		722,930		-1.9%	Other Liabilities		239,291		238,061		0.5%

Rights of Use		94,481		101,977		-7.4%			785,169		802,620		-2.2%

Investments in Affiliates		1,776		1,830		-2.9%



Deferred Assets

Goodwill (Net)		140,665		143,053		-1.7%

Intangible Assets		128,308		133,457		-3.9%	Shareholder’s Equity		316,493		315,118		0.4%

Deferred Assets		167,599		161,579		3.7%



Total Assets		1,607,080		1,625,048		-1.1%	Total Liabilities and Equity		1,607,080		1,625,048		-1.1%

Includes current portion of Long Term Debt.

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We registered a net comprehensive income in the amount of 17.2 billion pesos, as foreign exchange gains, 21.1 billion pesos, and gains in other financial expenses, 4.4 billion pesos, more than offset our net interest expense of 8.4 billion pesos.		Comprehensive financing income of MxP 17Bn

Our net profit totaled 42.8 billion pesos in the second quarter, more than doubling that of the year-earlier quarter on the back of strong EBITDA growth and our net comprehensive financing income. It was equivalent to 65 peso-cents per share or 64 dollar-cents per ADR.		Net profit of MxP 43Bn

In the six months to June our operating cash flow allowed us to fund capital expenditures in the amount of 57.4 billion pesos; reduce net debt in the amount of 36.9 billion pesos and buy back shares in the amount of 11.0 billion pesos. In addition, we reduced by 5.6 billion pesos our labor obligations.		CapEx of MxP 57Bn

Our share buy-backs through June, 765.1 million shares, topped those of each of the last six years.		Largest share buy-backs in six years

At the end of June our net debt stood at 591 billion pesos, including 103 billion in capitalized leases. It was equivalent to 1.64 times LTM EBITDA.		Net debt to EBITDA at 1.64x


Financial Debt of América Móvil* Millions

	Jun -21		Dec -20

Peso - denominated debt (MxP)		64,250		78,383

Bonds⁽¹⁾		51,450		51,283

Banks and others		12,800		27,100

U.S. Dollar - denominated debt (USD)		9,376		9,351

Bonds		9,351		9,351

Banks and others		25		0

Euro - denominated Debt (EUR)		9,282		9,780

Bonds		9,197		8,100

Commercial Paper		85		1,680

Banks and others		0		0

Sterling - denominated Debt (GBP)		2,200		2,200

Bonds		2,200		2,200

Reais - denominated Debt (BRL)		7,375		8,475

Bonds		7,375		8,475

Banks and others		0		0

Debt denominated in other currencies⁽²⁾(MxP)		30,920		32,610

Bonds		6,359		6,590

Banks and others		24,561		26,020

Total Debt (MxP)		588,250		628,383

Cash, Marketable Securities and Short Term Financial Investments (MxP)		100,140		90,554

Net Debt (MxP)		488,110		537,829

* This table does not include the effect of forwards and derivatives used to hedge our foreign exchange exposure. It includes financial debt of Telekom Austria.

⁽¹⁾

Includes the effect of inflation-linked debt.

⁽²⁾

Includes Peruvian soles and Chilean pesos.

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Mexico

We added 430 thousand wireless subscribers in the second quarter, all of them prepaid, to finish June with 78.7 million subscribers, increasing the activation of new lines partly as a result of more availability of handsets since supply had been very limited. On the fixed-line platform we disconnected 204 thousand accesses, of which 165 thousand were land-lines. We have made significant progress in the modernization of our customer care systems, moving to an omnichannel platform for on-line services.		430k mobile net adds

Revenues rose 19.7% year-on-year to 75.3 billion pesos, as equipment revenues shot up 79.8% and service revenues expanded 7.4%. Quarter-over-quarter, equipment revenues were up 16.2% while service revenues increased 2.2%. On the mobile platform service revenues climbed 11.9% on an annual basis and 3.6% on a sequential basis, driven by prepaid revenues that soared 17.7% and 5.2%, respectively. ARPU increased 7.9% and 3.3% respectively, to reach 157 pesos in the second quarter. The sequential improvements are linked to greater mobility and economic activity.		Service revenues +7.4% YoY and +2.2% QoQ

On the fixed-line platform service revenues declined slightly, -0.4%, on the back of voice revenues that were down 5.3% and broadband revenues that rose 4.1%, with corporate network revenues increasing 1.6%. Streaming plans with Netflix and Disney+, as well as HBO Max have gained significant traction in the market.		Broadband revenues +4.1% YoY

EBITDA jumped 20.6% from the year-earlier quarter to 29.5 billion pesos—having increased 2.4% sequentially. At 39.1%, the EBITDA margin was 0.3 percentage points higher than a year before. As for our operating profit, it totaled 21.7 billion pesos, a 30.5% increase in the year.		EBITDA up 21% YoY and 2.4% QoQ

Telcel has been expanding its coverage throughout the country looking to reach more remote and marginalized areas.

INCOME STATEMENT - Mexico Millions of MxP



	2Q21		2Q20		Var.%		Jan-Jun 21		Jan-Jun 20		Var.%

Total Revenues*		75,291		62,884		19.7%		146,757		136,066		7.9%

Total Service Revenues		55,743		51,920		7.4%		110,261		106,520		3.5%

Total Equipment Revenues		18,579		10,332		79.8%		34,566		28,438		21.5%

Wireless Revenues		55,223		43,095		28.1%		106,561		96,490		10.4%

Service Revenues		36,760		32,854		11.9%		72,239		68,409		5.6%

Equipment Revenues		18,464		10,241		80.3%		34,322		28,081		22.2%

Fixed Line Revenues		19,098		19,158		-0.3%		38,267		38,468		-0.5%

Service Revenues		18,984		19,066		-0.4%		38,022		38,110		-0.2%

Equipment Revenues		115		91		25.5%		244		357		-31.6%

EBITDA		29,450		24,420		20.6%		58,209		52,191		11.5%

% total revenues		39.1%		38.8%				39.7%		38.4%

EBIT		21,727		16,655		30.5%		42,784		36,692		16.6%

%		28.9%		26.5%				29.2%		27.0%

*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.

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Mexico Operating Data

2Q21

2Q20

Var.%

Wireless Subscribers (thousands)

78,742

75,378

4.5%

Postpaid

14,556

14,452

0.7%

Prepaid

64,185

60,926

5.3%

MOU

546

537

1.8%

ARPU (MxP)

157

146

7.9%

Churn (%)

3.5%

4.1%

(0.6)

Revenue Generating Units (RGUs) *

21,536

21,961

-1.9%

Fixed Lines

11,582

12,100

-4.3%

Broadband

9,954

9,861

0.9%

* Fixed Line and Broadband.


Argentina


For comparison purposes all comments in this section related to annual variations of the presented period for Argentina refer to figures in constant peso terms, that is, adjusted for inflation in accordance to NIC 29. Information for Uruguay and Paraguay is not presented in the table.

We added 777 thousand prepaid and 93 thousand postpaid wireless subscribers in the second quarter. It was the strongest performance in commercial activities in well over a year, particularly regarding prepaid. We are focused on reducing mobile churn by improving the customer experience, delivering on quality and speed as well as customer care. We are enhancing our digital channels to be closer to our clients.		777k prepaid net adds

On the fixed-line platform we connected 62 thousand broadband accesses, 20 thousand PayTV clients and 59 thousand landlines, for a total of 141 thousand fixed-line RGUs.		We connected 62k broadband clients

In the second quarter, service revenues totaled 29.5 billion Argentinean pesos, with mobile prices remaining unchanged in the second quarter. Prepaid revenues fell 1.9% quarter-over-quarter while postpaid was practically flat.		Mobile prices remained unchanged

Fixed-line service revenue increased 7.1% annually (7.4% sequentially) with broadband revenue up 33.3% and PayTV revenues that expanded 63.3%, mostly on the back of IPTV. We will continue to develop our presence in the corporate and SME segments of the market.		Fixed-line service revenues up 7.1% YoY and 7.4% QoQ

EBITDA came in at 14.2 billion Argentinean pesos, down 3.3% annually in real terms. The margin for the period stood at 39.7%, 1.6 percentage points higher than a year before.		EBITDA margin at 40% of revenues

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INCOME STATEMENT - *Argentina* Millions of Constant ARS of June 2021

	2Q21		2Q20		Var.%		Jan-Jun 21		Jan-Jun 20		Var.%

Total Revenues*		35,820		38,600		-7.2%		72,147		78,503		-8.1%

Total Service Revenues		29,535		33,821		-12.7%		58,874		66,814		-11.9%

Wireless Revenues		31,675		34,468		-8.1%		64,211		70,762		-9.3%

Service Revenues		25,510		30,063		-15.1%		51,103		59,519		-14.1%

Equipment Revenues		6,165		4,405		40.0%		13,108		11,244		16.6%

Fixed Line Revenues		4,025		3,758		7.1%		7,771		7,295		6.5%

EBITDA		14,222		14,700		-3.3%		28,616		29,688		-3.6%

% total revenues		39.7%		38.1%				39.7%		37.8%

EBIT		11,226		11,298		-0.6%		22,414		22,994		-2.5%

%		31.3%		29.3%				31.1%		29.3%

*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.

Argentina Operating Data

2Q21

2Q20

Var.%

Wireless Subscribers (thousands)⁽¹⁾

22,697

21,564

5.3%

Postpaid

8,642

8,359

3.4%

Prepaid

14,055

13,205

6.4%

MOU

82

95

-14.2%

ARPU (ARP)

378

305

24.2%

Churn (%)

1.2%

1.9%

(0.7)

Revenue Generating Units (RGUs) *

1,362

962

41.6%

* Fixed Line, Broadband and Television.

⁽¹⁾ Hybrid subscribers are now included in our postpaid figures.

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Brazil

In the second quarter Claro added 1.4 million wireless subscribers, 1.1 million of them postpaid, ending June with 67.8 million subscribers. Our postpaid base was up 22.9% year-on-year, a more rapid pace than the one shown the prior quarter. As was the case then, Claro kept a positive balance from Mobile Number Portability, porting-in 700 thousand clients in net terms. On the fixed-line platform we disconnected 347 thousand accesses in the quarter, including 148 thousand PayTV clients and 152 thousand land-lines.		1.1M posptaid net adds

Second quarter revenues increased 2.3% from a year before, reaching 9.8 billion reais, with service revenues rising 1.0%. Those from mobile jumped 10.2% and those on the fixed-line platform declined 5.8%. On mobile, postpaid services won the day, climbing 11.2% on an annual basis and 2.2% quarter-over-quarter, with Claro continuing to lead market share growth in the sector. Prepaid services for their part held firm at 6.6% year-on-year revenue growth and 1.0% sequentially.		Postpaid revenues +11% YoY and 2.2% QoQ

On the fixed-line platform PayTV services declined 12.7% and voice revenues 21.0%, with broadband service revenues decelerating to a 4.9% pace from 7.2% the prior quarter. We held on to our leadership position in the ultrabroadband segment.		Leaders in the ultrabroadband segment

EBITDA rose 2.6% from the year-earlier quarter to 3.9 billion reais with the EBITDA margin expanding 0.1 percentage points to 40.1% helped along by reductions in bad debt provisions and other administrative expenses. EBITDA was up 0.3% sequentially.		EBITDA +2.6% YoY

Claro was the first operator to launch 5G network services in Brazil, currently available in 15 cities delivering connection speeds that are 12x faster than conventional 4G. Claro also has the best coverage with 4.5G, reaching nearly 80% of the population.		Claro first operator in Brazil to launch 5G network services


INCOME STATEMENT - *Brazil* Millions of BrL

	2Q21		2Q20		Var.%		Jan-Jun 21		Jan-Jun 20		Var.%

Total Revenues*		9,755		9,536		2.3%		19,529		19,327		1.0%

Total Service Revenues		9,427		9,333		1.0%		18,907		18,854		0.3%

Wireless Revenues		4,685		4,160		12.6%		9,249		8,502		8.8%

Service Revenues		4,375		3,969		10.2%		8,665		8,051		7.6%

Equipment Revenues		310		191		61.8%		584		451		29.6%

Fixed Line Revenues		5,052		5,364		-5.8%		10,242		10,803		-5.2%

EBITDA		3,916		3,816		2.6%		7,821		7,525		3.9%

% total revenues		40.1%		40.0%				40.0%		38.9%

EBIT		1,383		1,571		-12.0%		2,638		3,000		-12.1%

%		14.2%		16.5%				13.5%		15.5%

*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.

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Brazil Operating Data

	2Q21		2Q20		Var.%

Wireless Subscribers (thousands)		67,772		58,520	15.8%

Postpaid		39,134		31,852	22.9%

Prepaid		28,638		26,668	7.4%

MOU⁽¹⁾		160		186	-14.4%

ARPU (BrL)		22		23	-6.1%

Churn (%)		3.2%		4.1%	(1.0)

Revenue Generating Units (RGUs) *		31,926		33,260	-4.0%

*

Fixed Line, Broadband and Television.

⁽¹⁾

We modified the methodology for calculating MOUs. We no longer include M2M subscribers.


Colombia

In a more complicated commercial environment—a new mobile competitor launched their operations in the quarter—Claro maintained a strong position in the market, adding 382 thousand mobile subscribers of which 159 thousand were postpaid subscribers. We gained 75 thousand subscribers in the quarter through the Number-Portability scheme. Claro’s commercial offerings have significantly increased the data allowances per plan, helping the company remain competitive in spite of the more aggressive commercial pressures it faced. Our convergent platform has been key in helping us drive increased data traffic on our network. On the fixed-line platform we gained 146 thousand RGUs in the quarter, including 62 thousand broadband accesses and 34 thousand PayTV clients.		In spite of new competitor, we added 382k wireless subscribers

Revenues were up 14.1% year-on-year to 3.6 trillion Colombian pesos with service revenues expanding 8.9%, partly reflecting the revenue decline a year before; quarter-over-quarter service revenues were practically flat, -0.3%. On the mobile segment, service revenues increased 6.9% on the back of postpaid revenues that expanded 8.1% from the year-earlier quarter.		Mobile service revenues +6.9% YoY

Fixed-line service revenues decelerated somewhat, to 12.2% from 13.7% in the first quarter, mainly reflecting the slowdown in broadband revenue growth, although quarter over quarter they rose 1.7%. PayTV revenues accelerated to a 14.6% pace. We launched our 500 Mbps broadband plan during the quarter, as well as the Claro Vox plan on PayTV, which is compatible with Android TV.		Fixed-line service revenues 12% YoY

Second quarter EBITDA increased 15.6% from the year-earlier quarter to 1.5 trillion Colombian pesos, its best performance in years. It was slightly down, -0.3%, on a sequential basis, with first quarter EBITDA having risen 10.3%—prepandemic—on an annual basis. The EBITDA margin for the period was equivalent to 42.8% of revenues, slightly better than a year before in spite of the much greater commercial activity.		EBITDA +16% YoY

We continue to add capacity to our network anticipating strong demand for data services. Our convergent platform allows us to significantly expand our data capabilities in cost-efficient terms.

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INCOME STATEMENT - *Colombia* Billions of COP

	2Q21		2Q20		Var.%		Jan-Jun 21		Jan-Jun 20		Var.%

Total Revenues*		3,573		3,131		14.1%		7,122		6,361	12.0%

Total Service Revenues		2,785		2,556		8.9%		5,579		5,146	8.4%

Wireless Revenues		2,368		2,114		12.0%		4,734		4,353	8.7%

Service Revenues		1,662		1,555		6.9%		3,352		3,174	5.6%

Equipment Revenues		707		559		26.3%		1,382		1,180	17.2%

Fixed Line Revenues		1,152		1,005		14.6%		2,285		1,980	15.4%

EBITDA		1,529		1,323		15.6%		3,062		2,712	12.9%

%		42.8%		42.2%				43.0%		42.6%

EBIT		910		727		25.1%		1,820		1,542	18.1%

%		25.5%		23.2%				25.6%		24.2%

*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.


Colombia Operating Data

	2Q21		2Q20		Var.%

*Wireless Subscribers (thousands)**		33,844		31,535	7.3%

Postpaid		8,078		7,422	8.8%

Prepaid		25,765		24,113	6.9%

MOU⁽¹⁾		294		336	-12.3%

ARPU (COP)		16,545		16,670	-0.7%

Churn (%)		3.9%		4.5%	(0.6)

Revenue Generating Units (RGUs)**		8,673		7,938	9.3%

*Due to differences in the policy for accounting active subscribers, the figures in this report are different from those published by the Ministry of Communications of Colombia (MinTIC). **Fixed Line, Broadband and Television.

⁽¹⁾ We modified the methodology for calculating MOUs. We no longer include M2M subscribers.


Chile

Chile was hardly hit by a second wave of contagion that resulted in a strict lockdown in the second quarter. We gained 128 thousand postpaid and 37 thousand prepaid subscribers in the second quarter, with fixed-line RGUs roughly flat.		128k postpaid net adds

Revenue totaled 194.4 billion Chilean pesos, up 6.6% year-on-year as service revenues expanded 2.3% and equipment revenues shot up 35.0%. Fixed-line revenues had a good performance as demand for connectivity remains strong, with service revenues expanding 7.6% from the year-earlier quarter on the back of PayTV revenues, up 20.0%, with broadband revenues staying flat and voice revenues declining 13.4%. Mobile service revenues were down 1.8% annually, with postpaid revenues declining slightly, -0.5%.		Service revenues up 2.3% YoY

Second quarter EBITDA of 39.4 billion Chilean pesos was up slightly in annual terms, 0.5%, with the EBITDA margin representing 20.3% of revenues.		EBITDA margin at 20% of revenues

In the quarter we acquired from Entel 30MHz of spectrum in the 3.5GHz band.

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INCOME STATEMENT - *Chile* Millions of ChPL

	2Q21		2Q20		Var.%		Jan-Jun 21		Jan-Jun 20		Var.%

Total Revenues*		194,423		182,354		6.6%		394,515		381,703	3.4%

Total Service Revenues		162,097		158,450		2.3%		325,100		324,204	0.3%

Wireless Revenues		119,074		112,377		6.0%		243,699		237,711	2.5%

Service Revenues		86,900		88,536		-1.8%		175,499		180,575	-2.8%

Equipment Revenues		32,174		23,841		35.0%		68,200		57,137	19.4%

Fixed Line Revenues		75,197		69,914		7.6%		149,602		143,629	4.2%

EBITDA		39,395		39,187		0.5%		83,923		82,180	2.1%

% total revenues		20.3%		21.5%				21.3%		21.5%

EBIT		-20,801		-18,445		-12.8%		-29,359		-26,503	-10.8%

%		-10.7%		-10.1%				-7.4%		-6.9%

*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.


Chile Operating Data

	2Q21		2Q20		Var.%

Wireless Subscribers (thousands)		6,746		6,793	-0.7%

Postpaid		2,617		2,276	15.0%

Prepaid		4,129		4,517	-8.6%

MOU		179		178	0.5%

ARPU (ChP)		4,553		4,782	-4.8%

Churn (%)		4.8%		6.2%	(1.4)

Revenue Generating Units (RGUs) *		1,372		1,401	-2.1%

* Fixed Line, Broadband and Television.


Ecuador

The economic conditions in Ecuador in the aftermath of the Covid-19 crisis have shifted more clients to prepaid; we gained 204 thousand new subs in the quarter, of which 187 thousand were prepaid subscribers. On the fixed-line platform we picked up 17 thousand RGUs.		187k prepaid net adds

Mobile revenues increased 4.5% annually to 225 million dollars, with prepaid revenues rising 15.4% and postpaid revenues falling 16.4%. Sequentially they declined 1.2% and 2.6% respectively.		Prepaid revenues +15% YoY

As a challenger in the fixed-line segment we increased the pace of fiber roll-out. We ended June with 300 thousand broadband accesses, 21.3% more than a year before. This brought about an increase in broadband revenues of 10.3%. Overall, fixed-line service revenues were up 2.1% year-on-year but, importantly, they shot up 4.8% quarter-over-quarter.		300k new broadband accesses

EBITDA declined 5.3% from the year before to 115 million dollars but relative to the prior quarter it was up 4.7%. The EBITDA margin for the period was equivalent to 45.5% of revenues.		EBITDA down 5.3% YoY

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INCOME STATEMENT - Ecuador Millions of Dollars



	2Q21		2Q20		Var.%		Jan-Jun 21		Jan-Jun 20		Var.%

Total Revenues*		252		242		4.2%		506		549		-7.9%

Total Service Revenues		224		234		-4.1%		451		496		-9.0%

Wireless Revenues		225		216		4.5%		453		497		-8.8%

Service Revenues		198		208		-4.8%		400		445		-10.1%

Equipment Revenues		27		7		266.7%		53		51		3.0%

Fixed Line Revenues		27		27		1.2%		52		52		0.0%

EBITDA		115		121		-5.3%		224		250		-10.4%

% total revenues		45.5%		50.0%				44.4%		45.6%

EBIT		60		65		-8.0%		115		139		-16.8%

%		23.8%		26.9%				22.8%		25.2%

*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.

Ecuador Operating Data

2Q21

2Q20

Var.%

Wireless Subscribers (thousands)

8,308

7,878

5.5%

Postpaid

2,048

2,548

-19.6%

Prepaid

6,260

5,329

17.5%

MOU

335

475

-29.5%

ARPU (US$)

8

9

-6.0%

Churn (%)

3.4%

5.4%

(2.0)

Revenue Generating Units (RGUs) *

493

454

8.5%

* Fixed Line, Broadband and Television.

Peru



Peru was amongst the countries with more stringent lockdown measures at the beginning of the pandemic. Even though some areas still have restrictions in terms of mobility and curfews, we had a considerable annual swing in top line as well as sequential improvements in both fixed and mobile platforms. Net wireless subscriber additions came in at 320 thousand—38% more than in the first quarter—of which 234 thousand were postpaid, whereas on the fixed-line platform we obtained 50 thousand RGUS, half of them broadband accesses.		320k wireless net adds

Revenue expanded 43.8% year-on-year to 1.5 billion soles, with service revenues rising 13.7%, up from 7.7% in the prior quarter, and equipment revenues jumping five times. Equipment revenues had their worst quarter ever in 2Q20 and have returned to pre-pandemic levels. We have resumed commercial efforts and launched 5G services in Lima.		Service revenues +14%YoY

Mobile service revenues were 10.4% higher than a year before driven by postpaid revenues that increased 10.6%. Quarter-over-quarter they increased 3.7% and 5.1% respectively. Prepaid revenues increased 9.9% in the period and were flat sequentially. On the fixed-line platform service revenues were booming, up 24.1% on the back of strong demand for connectivity which led to an increase of 41.4% in broadband revenues. PayTV revenues increased 4.6% after four quarters of declines as we improved our IPTV offer.		Postpaid revenues up 11% YoY and 5.1% QoQ

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EBITDA increased 47.3% from the year-earlier quarter to 575 million soles; the EBITDA margin was equivalent to 38.5% of revenues, nearly one percentage point more than a year before in spite of the comeback in commercial activity. To note, relative to service revenues, EBITDA shot up 12.1 percentage points from a year before. Compared to the previous quarter EBITDA rose 5.4% in absolute terms and 0.7 percentage points relative to revenues.		EBITDA margin at 39% of revenue

INCOME STATEMENT - Peru Millions of Soles



	2Q21		2Q20		Var.%		Jan-Jun 21		Jan-Jun 20		Var.%

Total Revenues*		1,493		1,038		43.8%		2,936		2,333		25.9%

Total Service Revenues		1,088		957		13.7%		2,134		1,928		10.7%

Wireless Revenues		1,201		806		49.1%		2,368		1,870		26.6%

Service Revenues		804		728		10.4%		1,579		1,472		7.3%

Equipment Revenues		398		78		nm		789		398		98.2%

Fixed Line Revenues		284		229		24.1%		555		456		21.6%

EBITDA		575		391		47.3%		1,121		791		41.8%

% total revenues		38.5%		37.6%				38.2%		33.9%

EBIT		286		128		123.7%		552		268		105.8%

%		19.2%		12.3%				18.8%		11.5%

*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.

Peru Operating Data

2Q21

2Q20

Var.%

Wireless Subscribers (thousands)

11,501

10,387

10.7%

Postpaid

4,659

4,064

14.6%

Prepaid

6,842

6,323

8.2%

MOU

379

385

-1.7%

ARPU (Sol)

24

22

6.2%

Churn (%)

3.9%

5.2%

(1.2)

Revenue Generating Units (RGUs) *

1,855

1,707

8.7%

* Fixed Line, Broadband and Television.

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Central America



Although there are still certain mobility restrictions in the Central American countries, very mild in general except for Panama where measures are still restrictive, we were able to add 344 thousand wireless subscribers, of which 321 thousand were prepaids. We gained 36 thousand fixed-line RGUs, including 20 thousand broadband accesses.		321k prepaid net adds

Second quarter revenues, just shy of 600 million dollars, were 12.2% higher than a year before boosted by equipment revenues, up 83.6%. Service revenues increased 6.2% annually and 1.3% on a sequential basis with mobile service revenues rising 2.2%. Prepaid services were the main growth driver with revenue growth of 20.0% year-on-year and 3.7% sequentially. On the fixed-line platform service revenues expanded 1.2% annually and declined 0.4% relative to the first quarter as broadband and PayTV failed to compensate for the reduction in legacy services.		Service revenues up 6.2% YoY and 1.3% QoQ

EBITDA was up 21.3% annually and 6.7% sequentially to 256 million dollars. It was equivalent to 42.7% of revenues, which compares to 39.5% in the second quarter of 2020.		EBITDA up 21% YoY and 6.7% QoQ

INCOME STATEMENT - Central America Millions of Dollars



	2Q21		2Q20		Var.%		Jan-Jun 21		Jan-Jun 20		Var.%

Total Revenues*		599		534		12.2%		1,179		1,116		5.7%

Total Service Revenues		519		489		6.2%		1,032		1,003		2.9%

Wireless Revenues		408		346		17.8%		797		738		7.9%

Service Revenues		338		310		9.0%		669		643		4.1%

Equipment Revenues		69		36		94.3%		127		95		33.6%

Fixed Line Revenues		187		184		1.4%		374		371		0.8%

EBITDA		256		211		21.3%		495		429		15.3%

% total revenues		42.7%		39.5%				42.0%		38.5%

EBIT		115		62		85.2%		215		140		53.8%

%		19.3%		11.7%				18.3%		12.5%

*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.

Central America Operating Data

2Q21

2Q20

Var.%

Wireless Subscribers (thousands)

15,912

14,541

9.4%

Postpaid

2,314

2,459

-5.9%

Prepaid

13,599

12,082

12.6%

MOU⁽¹⁾

170

179

-4.5%

ARPU (US$)

7

1.5%

Churn (%)

5.9%

6.7%

(0.9)

Revenue Generating Units (RGUs) *

4,327

4,379

-1.2%

* Fixed Line, Broadband and Television. Figures have been adjusted in accordance with the methodology used for all AMX operations.

⁽¹⁾ We modified the methodology for calculating MOUs. We no longer include M2M subscribers.

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Caribbean



Dominicana continued to improve on the back of its strong competitive position and our ability to cope with client’s needs in what has been a fairly restricted market in terms of sanitary measures. We added 126 thousand new wireless clients in the period, 3% more than in the first quarter and connected 14 thousand new broadband accesses. Service revenues increased 14.8% year-on-year (3.0% sequentially) to 12.9 billion dominican pesos, with mobile service revenues expanding 18.2% (2.5% sequentially). Prepaid service revenues, which had taken a hit in the second quarter of 2020, posted a 26.6% annual increase, and a 2.9% sequential rise. Postpaid service revenues started to pick up: they rose 9.2% and 2.1%, respectively. EBITDA was up 27.8% and 3.2%. The sequential increases across the board in revenue and EBITDA foretell the strength of the economic recovery in the island.		126k wireless net adds in Dominicana

In Puerto Rico commercial activity remained subdued, with few client additions on both the fixed and the mobile platforms. Revenues of 227 million dollars were up 13.5% year-on-year on the back of a 33.4% increase in equipment revenues and an 8.1% rise in service revenues. Mobile service revenues were up 17.2% with fixed-line service revenues declining 2.8% on an annual basis. Sequentially mobile service revenues were up 1.7% and those from the fixed-line platform down 1.2%.		Mobile service revenues +17% YoY and 1.7% QoQ in Puerto Rico

EBITDA totaled 47 million dollars having risen 24.3% annually and 1.8% sequentially. The EBITDA margin, 20.8%, was 1.8 percentage points higher than a year before.		EBITDA up 24% YoY and 1.8% QoQ in Puerto Rico

INCOME STATEMENT - Caribbean Millions of Dollars



	2Q21		2Q20		Var.%		Jan-Jun 21		Jan-Jun 20		Var.%

Total Revenues*		467		405		15.4%		919		840		9.4%

Total Service Revenues		405		362		12.0%		799		750		6.6%

Wireless Revenues		295		241		22.2%		581		505		15.1%

Service Revenues		235		199		18.0%		464		417		11.4%

Equipment Revenues		59		42		42.0%		117		88		32.5%

Fixed Line Revenues		171		165		3.8%		339		339		0.1%

EBITDA		169		133		27.1%		333		274		21.4%

% total revenues		36.3%		32.9%				36.2%		32.6%

EBIT		84		51		65.9%		165		110		50.1%

%		18.0%		12.5%				17.9%		13.1%

*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.

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Caribbean Operating Data

2Q21

2Q20

Var.%

Wireless Subscribers (thousands)

6,713

6,087

10.3%

Postpaid

2,112

2,013

4.9%

Prepaid

4,601

4,073

13.0%

MOU⁽¹⁾

216

232

-6.7%

ARPU (US$)

12

11

9.6%

Churn (%)

2.1%

3.8%

-1.7

Revenue Generating Units (RGUs) *

2,615

2,509

4.2%

*

Fixed Line, Broadband and Television.

⁽¹⁾

We modified the methodology for calculating MOUs. We no longer include M2M subscribers.

United States




As the vaccination process progressed, many U.S. states eliminated some or all the sanitary measures. This has brought about a surge of confidence and with it, a change in the spending pattern of U.S. consumers. Additionally, contrary to what happened at the peak of the pandemic where wireless subscribers felt more comfortable taking prepaid plans, we are now seeing stronger demand for postpaid which has intensified due to the strong commercial activity and promotions in that segment. These trends, coupled with the limited supply of handsets, resulted in net disconnections of 549 thousand in the quarter, approximately two thirds of which were Safelink clients.		549k net disconnections due to strong demand for postpaid

The strength of the economic recovery under way also manifested itself in the spending by our subscribers, with service revenues climbing 5.3% year-on-year, their best performance in at least a year. They were 4.3% higher than in the preceding quarter.		Service revenues +5.3% YoY

EBITDA of 272 million dollars was down 13%; the annual comparison is affected by an extraordinary credit booked in the second quarter of last year linked to negotiations of carrier discounts, adjusting for which EBITDA would have grown 25.9%. The EBITDA margin was equivalent to 12.9% of revenues.		Adjusted EBITDA up 26% YoY

INCOME STATEMENT - United States Millions of Dollars



	2Q21		2Q20		Var.%		Jan-Jun 21		Jan-Jun 20		Var.%

Total Revenues		2,101		2,087		0.7%		4,163		4,073		2.2%

Service Revenues		1,822		1,729		5.3%		3,569		3,421		4.3%

Equipment Revenues		279		357		-22.0%		594		652		-8.9%

EBITDA		272		313		-13.0%		457		429		6.6%

% total revenues		12.9%		15.0%				11.0%		10.5%

EBIT		264		294		-10.2%		441		392		12.5%

%		12.6%		14.1%				10.6%		9.6%

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United States Operating Data

2Q21

2Q20

Var.%

Wireless Subscribers (thousands)

20,334

20,918

-2.8%

Straight Talk

9,717

9,743

-0.3%

SafeLink

1,656

2,008

-17.5%

Other Brands

8,961

9,167

-2.3%

MOU

663

677

-2.1%

ARPU (US$)

29

28

5.6%

Churn (%)

4.2%

3.3%

0.9

A1 Telekom Austria Group



We finished June with 22.3 million wireless subscribers, 5.3% more than a year before. Postpaid net additions of 355 thousand were fueled by mobile WiFi routers. In the prepaid segment we gained 38 thousand subscribers; we had 14 thousand disconnections in Austria where we are experiencing migrations from prepaid to postpaid. Fixed-line RGUs were roughly flat in the quarter.		355k postpaid net adds

Altogether, revenues increased 6.4% annually, with service revenues up 3.9% (5.0% at constant FX) on the back of service revenue growth in all markets—except for Slovenia that was flat—and equipment revenues that grew 22%.		Service revenues +5.0% YoY at constant Fx

The first quarter still reflected the impact of severe lockdowns across our footprint, but sanitary measures began to be eased in the second quarter which helped bring about a sequential increase of service revenues of 2.2% supported by roaming revenues that picked up as travel restrictions eased.		Sequential increase of service revenues, +2.2% YoY

On the mobile front, on a group level service revenues increased 4.5% over the year and 2.6% sequentially. We had strong growth in Austria, Bulgaria, Croatia and Serbia driven by mobile WiFi. Fixed-line service revenues were up 3.3%—1.7% sequentially—with growth in all segments, especially Austria and Bulgaria as demand for connectivity and solutions remained strong.		Mobile service revenues +4.5% YoY

EBITDA reached 428 million euros and was up 9.6% over the year; before restructuring charges it rose 8.1%—9.5% at constant exchange rates. On a sequential basis, EBITDA was up 7.4% with Austria expanding 8.8%. The EBITDA margin stood at 36.7% of revenues, 1.1 percentage points higher than a year before.		Adjusted EBITDA 9.5% YoY at constant Fx

Telekom Austria group has been a top performer in revenue and EBITDA growth within the European telecom sector during the last three years.

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INCOME STATEMENT (In accordance with IFRS 16) - A1 Telekom Austria Group



Millions of Euros

	2Q21		2Q20		Var.%		Jan-Jun 21		Jan-Jun 20		Var.%

Total Revenues		1,166		1,096		6.4%		2,301		2,222		3.6%

Total service revenues		976		939		3.9%		1,932		1,889		2.3%

Wireless service revenues		532		510		4.5%		1,051		1,030		2.0%

Fixed-line service revenues		444		430		3.3%		881		859		2.6%

Equipment revenues		167		137		22.0%		329		295		11.6%

Other operating income		23		19		15.9%		40		38		7.1%

EBITDA		428		390		9.6%		826		771		7.2%

% total revenues		36.7%		35.6%				35.9%		34.7%

Adjusted EBITDA⁽¹⁾		449		415		8.1%		868		812		6.9%

% total revenues		38.5%		37.9%				37.7%		36.5%

EBIT		187		152		23.6%		351		299		17.3%

% total revenues		16.1%		13.8%				15.2%		13.5%

For further detail please visit www.a1.group/en/investor-relations

⁽¹⁾ Does not include restructuring charges in Austria.

A1 Telekom Austria Group Operating Data

2Q21

2Q20

Var.%

Wireless Subscribers (thousands)

22,325

21,208

5.3%

Postpaid

18,368

17,195

6.8%

Prepaid

3,956

4,013

-1.4%

MOU⁽¹⁾

429

440

-2.6%

ARPU (Euros)

8

0.0%

Churn (%)

1.2%

1.4%

(0.2)

Revenue Generating Units (RGUs)*

6,072

6,105

-0.5%

*Fixed Line, Broadband and Television.⁽¹⁾ We modified the methodology for calculating MOUs. We no longer include M2M subscribers.

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Exchange Rates Local Currency Units per MxP

	2Q21		2Q20		Var.%		Jan-Jun 21		Jan-Jun 20		Var.%

Euro

End of Period		0.0426		0.0388		9.9%		0.0426		0.0388		9.9%

Average		0.0414		0.0389		6.5%		0.0411		0.0420		-2.1%

U.S.

End of Period		0.0505		0.0435		16.0%		0.0505		0.0435		16.0%

Average		0.0499		0.0428		16.5%		0.0496		0.0463		7.0%

Brazilean Real

End of Period		0.2526		0.2384		6.0%		0.2526		0.2384		6.0%

Average		0.2645		0.2302		14.9%		0.2669		0.2275		17.3%

Argentinean Peso

End of Period		4.8337		3.0673		57.6%		4.8337		3.0673		57.6%

Average		4.6912		2.8962		62.0%		4.5250		2.9908		51.3%

Chilean Peso

End of Period		36.7505		35.7500		2.8%		36.7505		35.7500		2.8%

Average		35.7278		35.2478		1.4%		35.6841		37.6392		-5.2%

Colombian Peso

End of Period		189.7049		163.6336		15.9%		189.7049		163.6336		15.9%

Average		184.1971		164.7386		11.8%		179.5143		170.8649		5.1%

Guatemalan Quetzal

End of Period		0.3911		0.3352		16.7%		0.3911		0.3352		16.7%

Average		0.3853		0.3297		16.9%		0.3835		0.3560		7.7%

Peruvian Sol

End of Period		0.1952		0.1541		26.6%		0.1952		0.1541		26.6%

Average		0.1895		0.1469		29.0%		0.1849		0.1582		16.8%

Dominican Republic Peso

End of Period		2.8890		2.5484		13.4%		2.8890		2.5484		13.4%

Average		2.8519		2.4555		16.1%		2.8536		2.5763		10.8%

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Exchange Rates Local Currency Units per USD

	2Q21		2Q20		Var.%		Jan-Jun 21		Jan-Jun 20		Var.%

Euro

End of Period		0.8433		0.8902		-5.3%		0.8433		0.8902		-5.3%

Average		0.8301		0.9082		-8.6%		0.8298		0.9075		-8.6%

Mexican Peso

End of Period		19.8027		22.9715		-13.8%		19.8027		22.9715		-13.8%

Average		20.0438		23.3567		-14.2%		20.1751		21.5954		-6.6%

Brazilean Real

End of Period		5.0022		5.4760		-8.7%		5.0022		5.4760		-8.7%

Average		5.3008		5.3759		-1.4%		5.3842		4.9135		9.6%

Argentinean Peso

End of Period		95.7200		70.4600		35.9%		95.7200		70.4600		35.9%

Average		94.0292		67.6456		39.0%		91.2931		64.5869		41.3%

Chilean Peso

End of Period		727.7600		821.2300		-11.4%		727.7600		821.2300		-11.4%

Average		716.1197		823.2708		-13.0%		719.9293		812.8329		-11.4%

Colombian Peso

End of Period		3,756.6700		3,758.9100		-0.1%		3,756.6700		3,758.9100		-0.1%

Average		3,692.0052		3,847.7428		-4.0%		3,621.7134		3,689.8891		-1.8%

Guatemalan Quetzal

End of Period		7.7440		7.7003		0.6%		7.7440		7.7003		0.6%

Average		7.7233		7.7011		0.3%		7.7376		7.6890		0.6%

Peruvian Sol

End of Period		3.8660		3.5410		9.2%		3.8660		3.5410		9.2%

Average		3.7980		3.4314		10.7%		3.7298		3.4174		9.1%

Dominican Republic Peso

End of Period		57.2100		58.5400		-2.3%		57.2100		58.5400		-2.3%

Average		57.1628		57.3524		-0.3%		57.5708		55.6356		3.5%

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Glossary of Terms


ARPU		Average Revenue per User. The ratio of service revenues in a given period to the average number of wireless subscribers in the same period. It is presented on a monthly basis.

ARPM		Average Revenue per Minute. The ratio of service revenues to airtime traffic.

Capex		Capital Expenditure. Accrued capital expenditures related to the expansion of the telecommunications infrastructure.

Churn		Disconnection Rate. The ratio of wireless subscribers disconnected during a given period to the number of wireless subscribers at the beginning of that period.

EBIT		Earnings Before Interest and Taxes, also known as Operating Profit.

EBIT margin		The ratio of EBIT to total operating revenue.

EBITDA		Earnings Before Interest, Taxes, Depreciation, and Amortization.

EBITDA margin		The ratio of EBITDA to total operating revenue.

EPS (Mexican pesos)		Earnings per share. Total earnings in Mexican pesos divided by total shares.

Earnings per ADR (US$)		Total earnings in U.S. dollars divided by total ADRs equivalent.

Gross additions		Total number of subscribers acquired during the period.

Licensed pops		Licensed population. Population covered by the licenses that each of the companies manage.

LTE		Long-term evolution is a 4th generation standard for wireless communication of high-speed data for mobile phones and data terminals.

Market share		A company’s subscriber base divided by the total number of subscribers in that country.

MBOU		Megabytes of Use per subscriber. The ratio of wireless data in a given period to the average number of wireless subscribers in that same period. It is presented on a monthly basis.

MOU		Minutes of Use per subscriber. The ratio of wireless traffic in a given period to the average number of wireless subscribers in that same period. It is presented on a monthly basis.

Net subscriber additions		The difference in the subscriber base from one period to another. It is the different between gross additions and disconnections.

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Net debt		Total short and long term debt minus cash and marketable securities.

Net debt / EBITDA		The ratio of total short and long term debt minus cash and securities to trailing 12-month income before interest, taxes, depreciation and amortization.

Prepaid		Subscriber that may purchase airtime to recharge a cellular phone. The client does not hold a contract with the company for voice and data services.

Postpaid		Subscriber that has a contract for the use of airtime. The client has no need of activating airtime, it is done so immediately.

SMS		Short Message Service.

SAC		Subscriber Acquisition Cost. The sum of handset subsidies, marketing expenses and commissions to distributors for handset activation. Handset subsidy is calculated as the difference between equipment cost and equipment revenues.

Wireless penetration		The ratio of total wireless subscribers in any given country divided by the total population in that country.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.