AMERICA MOVIL SAB DE CV/, 20-F filed on 5/1/2023
Annual and Transition Report (foreign private issuer)
v3.23.1
Cover Page - shares
 12 Months Ended
Dec. 31, 2022
Mar. 31, 2023
Document Information [Line Items]    
Document Type 20-F  
Amendment Flag false  
Document Period End Date Dec. 31, 2022  
Document Fiscal Year Focus 2022  
Document Fiscal Period Focus FY  
Document Registration Statement false  
Document Annual Report true  
Document Transition Report false  
Document Shell Company Report false  
Entity Registrant Name AMERICA MOVIL SAB DE CV/  
Entity Central Index Key 0001129137  
Current Fiscal Year End Date --12-31  
Entity Well-known Seasoned Issuer Yes  
Entity Current Reporting Status Yes  
Entity Filer Category Large Accelerated Filer  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Voluntary Filers No  
Entity Interactive Data Current Yes  
Entity Address, Country MX  
ICFR Auditor Attestation Flag true  
Document Accounting Standard International Financial Reporting Standards  
Entity Address, Address Line One Lago Zurich 245  
Entity Address, Address Line Two Plaza Carso / Edificio Telcel  
Entity Address, Address Line Three Colonia Ampliación Granada,  
Entity Address, City or Town Mexico City  
Entity Address, Postal Zip Code 11529  
Entity File Number 1-16269  
Entity Incorporation, State or Country Code O5  
Auditor Name Mancera, S.C.  
Auditor Firm ID 1284  
Auditor Location Mexico City, Mexico  
Business Contact [Member]    
Document Information [Line Items]    
Entity Address, Country MX  
City Area Code 5255  
Local Phone Number 2581-3700  
Contact Personnel Name Daniela Lecuona Torras  
Contact Personnel Email Address daniela.lecuona@americamovil.com  
Contact Personnel Fax Number 2581-4422  
Entity Address, Address Line One Lago Zurich 245  
Entity Address, Address Line Two Plaza Carso / Edificio Telcel, Piso 16  
Entity Address, Address Line Three Colonia Ampliación Granada  
Entity Address, City or Town Mexico City  
Entity Address, Postal Zip Code 11529  
AA Shares [member]    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding 20,555,000,000  
A Shares [member]    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding 488,000,000  
L Shares [member]    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding 42,282,000,000  
B Shares [member]    
Document Information [Line Items]    
Trading Symbol AMX  
Security Exchange Name NYSE  
Entity Common Stock, Shares Outstanding   63,224,000,000
Title of 12(b) Security American Depositary Shares, each representing 20 B Shares, without par value  
3.625% Senior Notes Due 2029 [Member]    
Document Information [Line Items]    
Trading Symbol AMX29  
Security Exchange Name NYSE  
Title of 12(b) Security 3.625% Senior Notes Due 2029  
2.875% Senior Notes Due 2030 [Member]    
Document Information [Line Items]    
Trading Symbol AMX30  
Security Exchange Name NYSE  
Title of 12(b) Security 2.875% Senior Notes Due 2030  
4.700% Senior Notes Due 2032 [Member]    
Document Information [Line Items]    
Trading Symbol AMX32  
Security Exchange Name NYSE  
Title of 12(b) Security 4.700% Senior Notes Due 2032  
6.375% Senior Notes Due 2035 [Member]    
Document Information [Line Items]    
Trading Symbol AMX35  
Security Exchange Name NYSE  
Title of 12(b) Security 6.375% Senior Notes Due 2035  
6.125% Senior Notes Due 2037 [Member]    
Document Information [Line Items]    
Trading Symbol AMX37  
Security Exchange Name NYSE  
Title of 12(b) Security 6.125% Senior Notes Due 2037  
6.125% Senior Notes Due 2040 [Member]    
Document Information [Line Items]    
Trading Symbol AMX40  
Security Exchange Name NYSE  
Title of 12(b) Security 6.125% Senior Notes Due 2040  
4.375% Senior Notes Due 2042 [Member]    
Document Information [Line Items]    
Trading Symbol AMX42  
Security Exchange Name NYSE  
Title of 12(b) Security 4.375% Senior Notes Due 2042  
4.375% Senior Notes Due 2049 [Member]    
Document Information [Line Items]    
Trading Symbol AMX49  
Security Exchange Name NYSE  
Title of 12(b) Security 4.375% Senior Notes Due 2049  
v3.23.1
Consolidated Statements of Financial Position
$ in Thousands, $ in Millions
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
MXN ($)
Current assets:      
Cash and cash equivalents $ 33,700,949 $ 1,736 $ 38,679,891
Equity investments at fair value through other comprehensive income (OCI) and other short-term investments 88,428,111 4,555 117,703,202
Accounts receivable:      
Subscribers, distributors, recoverable taxes, contract assets and other, net 199,424,202 10,272 202,846,597
Related parties 2,287,213 118 1,158,611
Derivative financial instruments 2,602,680 134 10,130,806
Inventories, net 23,995,133 1,236 24,185,310
Other current assets, net 10,565,422 544 9,452,252
Total current assets 361,003,710 18,595 404,156,669
Non-current assets:      
Property, plant and equipment, net 657,226,210 33,853 731,196,679
Intangibles, net 128,893,422 6,639 143,225,764
Goodwill 141,121,365 7,269 136,578,194
Investments in associated companies 23,975,462 1,235 3,052,481
Deferred income taxes 128,717,811 6,630 127,287,934
Accounts receivable, subscriber, distributors and contract assets, net 8,724,497 449 6,928,888
Other assets, net 39,581,622 2,039 39,956,090
Debt instruments at fair value through other comprehensive income (OCI) 6,981,149 360 6,894,757
Right-of-use assets 121,874,096 6,278 90,372,393
Total assets 1,618,099,344 83,347 1,689,649,849
Current liabilities:      
Short-term debt and current portion of long-term debt 102,024,414 5,255 145,222,672
Short-term liability related to right-of-use of assets 32,902,237 1,695 27,632,357
Accounts payable 174,472,769 8,987 206,487,681
Accrued liabilities 56,815,331 2,926 54,391,464
Income tax 29,174,066 1,503 33,247,318
Other taxes payable 33,887,645 1,745 26,278,007
Derivative financial instruments 25,331,346 1,305 10,034,508
Related parties 7,224,218 372 4,216,882
Deferred revenues 27,044,928 1,393 26,501,877
Total current liabilities 488,876,954 25,181 534,012,766
Non-current-liabilities:      
Long-term debt 408,565,066 21,045 418,807,430
Long-term liability related to right-of-use of assets 101,246,574 5,215 71,021,868
Deferred income taxes 30,302,060 1,561 49,465,095
Deferred revenues 2,556,103 132 2,698,276
Asset retirement obligations 10,799,997 556 16,752,223
Employee benefits 137,923,317 7,104 142,850,465
Total non-current liabilities 691,393,117 35,613 701,595,357
Total liabilities 1,180,270,071 60,794 1,235,608,123
Equity:      
Capital stock 95,365,329 4,912 96,333,432
Retained earnings:      
Prior years 429,324,326 22,114 255,267,258
Profit for the year 76,159,391 3,923 192,423,167
Total retained earnings 505,483,717 26,037 447,690,425
Other comprehensive loss items (227,044,342) (11,694) (154,388,930)
Equity attributable to equity holders of the parent 373,804,704 19,255 389,634,927
Non-controlling interests 64,024,569 3,298 64,406,799
Total equity 437,829,273 22,553 454,041,726
Total liabilities and equity $ 1,618,099,344 $ 83,347 $ 1,689,649,849
v3.23.1
Consolidated Statements of Comprehensive Income
$ in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2022
MXN ($)
$ / shares
Dec. 31, 2022
USD ($)
$ / shares
Dec. 31, 2021
MXN ($)
$ / shares
 [1]
Dec. 31, 2020
MXN ($)
$ / shares
 [1]
Operating revenues:        
Service revenues $ 712,985,548 $ 36,725 $ 694,300,431 $ 688,029,934
Sales of equipment 131,515,849 6,774 136,387,021 127,369,153
Operating revenues 844,501,397 43,499 830,687,452 815,399,087
Operating costs and expenses:        
Cost of sales and services 330,532,450 17,025 328,510,002 323,468,972
Commercial, administrative and general expenses 179,454,030 9,243 173,579,745 184,206,436
Other expenses 5,010,379 258 4,738,463 4,695,452
Depreciation and amortization 158,633,786 8,171 156,302,992 154,215,420
Operating costs and expenses 673,630,645 34,697 663,131,202 666,586,280
Operating income 170,870,752 8,802 167,556,250 148,812,807
Interest income 4,823,579 248 3,834,150 5,060,636
Interest expense (41,258,803) (2,125) (35,738,305) (38,165,205)
Foreign currency exchange (loss) gain, net 20,761,622 1,069 (16,714,847) (64,222,136)
Valuation of derivatives, interest cost from labor obligations and other financial items, net (19,116,219) (985) (14,243,517) 1,418,253
Equity interest in net result of associated companies (1,811,432) (93) 113,918 (287,006)
Profit before income tax 134,269,499 6,916 104,807,649 52,617,349
Income tax 46,044,089 2,372 32,717,477 13,178,171
Net profit for the year from continuing operations 88,225,410 4,544 72,090,172 39,439,178
Profit (loss) after tax for the year from discontinued operations (6,719,015) (346) 124,235,942 11,587,779
Net profit for the year 81,506,395 4,198 196,326,114 51,026,957
Net profit for the year attributable to:        
Equity holders of the parent from continuing operations 82,878,406 4,269 68,187,225 35,264,826
Equity holders of the parent from discontinued operations (6,719,015) (346) 124,235,942 11,587,779
Non-controlling interests 5,347,004 275 3,902,947 4,174,352
Net profit for the year $ 81,506,395 $ 4,198 $ 196,326,114 $ 51,026,957
Basic and diluted earnings per share attributable to equity holders of the parent from continuing operations | (per share) $ 1.3 $ 0.07 $ 1.03 $ 0.53
Basic and diluted earnings per share attributable to equity holders of the parent from discontinued operations | (per share) $ (0.11) $ (0.01) $ 1.88 $ 0.17
Net other comprehensive loss that may be reclassified to profit or loss in subsequent years:        
Effect of translation of foreign entities from continuing operations $ (35,114,722) $ (1,809) $ (7,134,153) $ (11,515,297)
Effect of translation of foreign entities from discontinued operations 5,193,281 267 (829,163)  
Items that will not be reclassified to (loss) or profit in subsequent years:        
Re-measurement of defined benefit plan, net of deferred taxes (4,305,716) (222) 11,261,896 (10,299,558)
Unrealized (loss) gain on equity investments at fair value, net of deferred taxes (4,707,276) (242) 4,560,869 (1,952,414)
Revaluation surplus, net of deferred taxes 0 0 0 77,230,031
Total other comprehensive income (loss) items for the year, net of deferred taxes (38,934,433) (2,006) 7,859,449 53,462,762
Total comprehensive (loss) income for the year 42,571,962 2,192 204,185,563 104,489,719
Comprehensive income for the year attributable to:        
Equity holders of the parent from continuing operations 40,959,024 2,109 202,418,502 86,150,118
Non-controlling interests 1,612,938 83 1,767,061 18,339,601
Total comprehensive (loss) income for the year 42,571,962 2,192 204,185,563 104,489,719
Comprehensive income for the period:        
Net comprehensive income from continuing operations 49,290,977 2,539 79,949,621 92,901,940
Net comprehensive income (loss) from discontinued operations (6,719,015) (347) 124,235,942 11,587,779
Total comprehensive (loss) income for the year $ 42,571,962 $ 2,192 $ 204,185,563 $ 104,489,719
[1] Restated for discontinued operations
v3.23.1
Consolidated Statements of Changes in Shareholders' Equity
$ in Thousands, $ in Millions
MXN ($)
USD ($)
Capital stock [member]
MXN ($)
Legal reserve [member]
MXN ($)
Retained earnings [member]
MXN ($)
Unrealized (loss) gain on equity investment at fair value [member]
MXN ($)
Re-measurements of defined benefit plans [member]
MXN ($)
Cumulative translation adjustment [member]
MXN ($)
Revaluation surplus [member]
MXN ($)
Total equity attributable to equity holders of the parent [member]
MXN ($)
Non- controlling interests [member]
MXN ($)
Beginning balance at Dec. 31, 2019 $ 226,906,865   $ 96,338,262 $ 358,440 $ 281,091,686 $ (8,929,575) $ (103,581,488) $ (87,367,366)   $ 177,909,959 $ 48,996,906
Net profit for the year 51,026,957 [1]       46,852,605         46,852,605 4,174,352
Unrealized gain on equity and debt investments at fair value, net of deferred taxes (1,952,414)         (1,952,414)       (1,952,414)  
Remeasurement of defined benefit plan, net of deferred taxes (10,299,558) [1]           (10,026,454)     (10,026,454) (273,104)
Effect of translation of foreign entities (11,515,297)             (13,558,774)   (13,558,774) 2,043,477
Revaluation surplus, net of deferred taxes 77,230,031               $ 64,835,155 64,835,155 12,394,876
Total comprehensive (loss) income for the year 104,489,719 [1]       46,852,605 (1,952,414) (10,026,454) (13,558,774) 64,835,155 86,150,118 18,339,601
Dividends declared (27,021,864)       (25,161,564)         (25,161,564) (1,860,300)
Stock dividend 17,058,657   4,650   17,054,007         17,058,657  
Repurchase of shares (5,211,097)   (1,217)   (5,209,880)         (5,211,097)  
Other acquisitions of non-controlling interests (1,104,662)       (267,270)         (267,270) (837,392)
Ending balance at Dec. 31, 2020 315,117,618   96,341,695 358,440 314,359,584 (10,881,989) (113,607,942) (100,926,140) 64,835,155 250,478,803 64,638,815
Net profit for the year 196,326,114 [1]       192,423,167         192,423,167 3,902,947
Unrealized gain on equity and debt investments at fair value, net of deferred taxes 4,560,869         4,560,869       4,560,869  
Remeasurement of defined benefit plan, net of deferred taxes 11,261,896 [1]           11,100,835     11,100,835 161,061
Effect of translation of foreign entities (7,134,153)             (2,514,992) (2,322,214) (4,837,206) (2,296,947)
Discontinued operations (829,163)             (829,163)   (829,163)  
Transfer of assets' revaluation surplus         3,803,349       (3,803,349)    
Total comprehensive (loss) income for the year 204,185,563 [1]       196,226,516 4,560,869 11,100,835 (3,344,155) (6,125,563) 202,418,502 1,767,061
Dividends declared (28,560,471)       (26,640,797)         (26,640,797) (1,919,674)
Repurchase of shares (36,761,029)   (8,263)   (36,752,766)         (36,761,029)  
Other acquisitions of non-controlling interests 60,045       139,448         139,448 (79,403)
Ending balance at Dec. 31, 2021 454,041,726   96,333,432 358,440 447,331,985 (6,321,120) (102,507,107) (104,270,295) 58,709,592 389,634,927 64,406,799
Net profit for the year 81,506,395 $ 4,198     76,159,391         76,159,391 5,347,004
Unrealized gain on equity and debt investments at fair value, net of deferred taxes (4,707,276)         (4,707,276)       (4,707,276)  
Remeasurement of defined benefit plan, net of deferred taxes (4,305,716) (222)         (4,599,407)     (4,599,407) 293,691
Effect of translation of foreign entities (35,114,722)             (29,222,333) (1,864,632) (31,086,965) (4,027,757)
Discontinued operations 5,193,281             5,193,281   5,193,281  
Transfer of assets' revaluation surplus         2,165,706       (2,165,706)    
Total comprehensive (loss) income for the year 42,571,962 2,192     78,325,097 (4,707,276) (4,599,407) (24,029,052) (4,030,338) 40,959,024 1,612,938
Dividends declared (29,880,809)       (28,000,073)         (28,000,073) (1,880,736)
Repurchase of shares (26,201,317)   33,469   (26,234,786)         (26,201,317)  
Recycling of assets revaluation surplus by spin.off, net of deferred taxes (79,806)       35,289,339       (35,289,339)   (79,806)
Spin-off effects (2,582,887)   (1,001,572)   (1,581,315)         (2,582,887)  
Other acquisitions of non-controlling interests (39,596)       (4,970)         (4,970) (34,626)
Ending balance at Dec. 31, 2022 $ 437,829,273 $ 22,553 $ 95,365,329 $ 358,440 $ 505,125,277 $ (11,028,396) $ (107,106,514) $ (128,299,347) $ 19,389,915 $ 373,804,704 $ 64,024,569
[1] Restated for discontinued operations
v3.23.1
Consolidated Statements of Cash Flows
$ in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
MXN ($)
Dec. 31, 2020
MXN ($)
Operating activities        
Profit before income tax from continuing operations $ 134,269,499 $ 6,916 $ 104,807,649 $ 52,617,349
Profit before income tax from discontinued operations (8,524,516) (439) 148,529,197 14,775,760
Profit before income tax 125,744,983 6,477 253,336,846 67,393,109
Items not requiring the use of cash:        
Depreciation property, plant and equipment and right-of-use assets 140,353,169 7,229 136,987,034 134,922,014
Amortization of intangible and other assets 18,280,617 942 19,315,958 19,293,406
Equity interest in net result of associated companies 1,811,432 93 (113,918) [1] 287,006 [1]
Loss (gain) on sale of property, plant and equipment 935,644 48 (6,849,699) 257,330
Net period cost of labor obligations 15,979,152 823 18,688,374 18,085,954
Foreign currency exchange loss (income), net (20,008,610) (1,030) 14,192,416 58,779,864
Interest income (4,823,579) (248) (3,834,150) (5,060,636)
Interest expense 41,258,803 2,125 35,738,305 38,165,205
Employee profit sharing 3,637,813 187 3,130,722 2,066,066
(Gain) loss in valuation of derivative financial instruments, capitalized interest expense and other, net 17,072,520 879 5,239,927 (13,803,458)
Gain on net monetary positions (11,538,061) (594) (4,876,842) (3,262,512)
Gain on sale of subsidiary (3,405,014) (175) (132,821,709)  
Deconsolidation effect of subsidiary 9,390,641 484    
Working capital changes:        
Subscribers, distributors, recoverable taxes, contract assets and other, net (6,803,202) (350) 8,609,836 874,058
Prepaid expenses (2,527,168) (130) (872,738) (152,586)
Related parties 1,884,945 97 449,655 421,337
Inventories (1,183,883) (61) 6,083,461 10,529,392
Other assets (1,321,813) (68) (9,521,953) (348,083)
Employee benefits (25,723,517) (1,325) (27,223,091) (18,795,532)
Accounts payable and accrued liabilities (10,291,588) (531) 7,447,308 11,806,003
Employee profit sharing paid (2,935,880) (151) (1,922,029) (2,436,223)
Financial instruments and other (2,353,920) (121) (1,664,465) 2,606,938
Deferred revenues 2,430,434 125 (9,068,794) 2,153,607
Interest received 2,652,195 137 2,665,854 3,946,110
Income taxes paid (62,015,057) (3,194) (60,535,903) (61,366,231)
Cash flows from discontinued operating (1,214,025) (63) 5,601,233 14,465,405
Net cash flows provided by operating activities 225,287,031 11,605 258,181,638 280,827,543
Investing activities        
Purchase of property, plant and equipment (146,192,426) (7,530) (140,789,643) (105,495,242)
Acquisition of intangibles (11,661,530) (601) (12,202,142) (20,647,571)
Dividends received 5,426,370 280 2,628,600 2,122,826
Proceeds from sale of property, plant and equipment 3,795,740 195 7,215,177 162,060
Acquisition of businesses, net of cash acquired (16,227,107) (835) 0 (152,896)
Partial sale of shares of associated company 6,329 0 199,158 601,509
Investments in associate companies (1,043,954) (54) 0 (64,341)
Proceeds from the sale of businesses 5,791,488 298 75,518,886 0
Short-term investments 9,690,285 499 (3,361,507) (8,671,662)
Cash flows from discontinued investing (1,944,235) (100) (5,729,473) (3,412,176)
Net cash flows used in investing activities (152,359,040) (7,848) (76,520,944) (135,557,493)
Financing activities        
Loans obtained 188,414,369 9,705 93,675,127 277,515,598
Repayment of loans (145,340,377) (7,486) (152,029,408) (330,607,399)
Payment of liability related to right-of-use of assets (33,823,287) (1,742) (30,544,750) (29,623,565)
Interest paid (26,882,181) (1,385) (23,884,410) (28,421,734)
Repurchase of shares (26,143,162) (1,347) (36,745,743) (5,076,119)
Dividends paid (29,534,053) (1,521) (27,829,345) (9,592,253)
Acquisition of non-controlling interests (39,596) (2) (7,720) (1,104,662)
Net cash flows used in financing activities (73,348,287) (3,778) (177,366,249) (126,910,134)
Net gain (decrease) in cash and cash equivalents (420,296) (21) 4,294,445 18,359,916
Adjustment to cash flows due to exchange rate fluctuations, net (4,558,646) (235) (1,532,461) (2,187,665)
Cash and cash equivalents at beginning of the year 38,679,891 1,992 35,917,907 19,745,656
Cash and cash equivalents at end of the year 33,700,949 1,736 38,679,891 35,917,907
Non-cash transactions related to:        
Acquisitions of property, plant and equipment in accounts payable at end year 1,476,834 76 18,385,498 3,063,081
Spin-off effects (1,376,353) (71)    
Revaluation surplus       107,152,628
Non-cash transactions $ 100,481 $ 5 $ 18,385,498 $ 110,215,709
[1] Restated for discontinued operations
v3.23.1
Description of the Business and Relevant Events
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Description of the Business and Relevant Events
Note 1. Description of the Business and Relevant Events
I. Corporate Information
América Móvil, S.A.B. de C.V. and subsidiaries (hereinafter, the “Company”, “América Móvil” or “AMX”) was incorporated under laws of Mexico on September 25, 2000. Until June 30, 2022, the Company provided telecommunications services in 24 countries throughout Latin America, the Caribbean and Europe. As of July 1, 2022, the Company disposed of its business in Panama as disclosed in Note 2 Ac to the consolidated financial statements. As a consequence of the foregoing, the Company provides its services in 22 countries, including through a joint venture in Chile which is described in Note 12b. These telecommunications services include mobile and fixed-line voice services, wireless and fixed data services, internet access, Pay TV, over the top (OTT) and other related services. The Company also sells equipment, accessories and computers.
 
  •  
Voice services provided by the Company, both wireless and fixed, mainly include the following: airtime, local, domestic and international long-distance services, and network interconnection services.
 
  •  
Data services include value added, corporate networks, data and Internet services.
 
  •  
Pay TV represents basic services, as well as pay per view and additional programming and advertising services.
 
  •  
AMX provides other related services to advertising in telephone directories, publishing and call center services.
 
  •  
The Company also provides video, audio and other media content that is delivered through the internet directly from the content provider to the end user.
In order to provide these services, América Móvil has licenses, permits and concessions (collectively referred to herein as “licenses”) to build, install, operate and exploit public and/or private telecommunications networks and provide miscellaneous telecommunications services (mostly mobile and fixed voice and data services) and to operate frequency bands in the radio-electric spectrum for point-to-point and point-to-multipoint microwave links. The Company holds licenses in the 22 countries where it has networks, and such licenses have different dates of expiration through 2056.
Certain licenses require the payment to the respective governments of a share in sales determined as a percentage of revenues from services under concession. The percentage is set as either a fixed rate or in some cases based on certain size of the infrastructure in operation.
The corporate offices of América Móvil are located in Mexico City, Mexico, at Lago Zurich 245, Colonia Ampliación Granada, Alcaldía Miguel Hidalgo, 11529, Mexico City, Mexico.
The accompanying consolidated financial statements were approved for their issuance by the Company’s Board of Directors and Chief Financial Officer on April 27, 2023 and subsequent events have been considered through that date.
II. Relevant events in 2022
a) On April 20, 2022, after receiving the necessary approvals from local regulators, the Company reported that its Brazilian subsidiary Claro S.A. completed the previously announced acquisition of 32% of Grupo Oi’s mobile
 
business in Brazil, through the acquisition of 100% of the shares of the company called Jonava RJ Infraestrutura e Redes de Telecomunicações, S.A. (“Jonava”), which corresponded to it in accordance with the acquisition contract entered into between Grupo Oi as seller and Claro S.A. (as one of several buyers).
The effects of this business acquisition are described in Note 12a.
b) On February 9, 2021, the Company’s Board of Directors approved a reorganization plan which involved an
escisión
(spin-off) of its telecommunications towers and other related passive infrastructure in Latin America outside of Mexico, other than Colombia and the Company’s telecommunications towers existing in Peru prior to the spin-off. As part of the spin-off and associated corporate restructuring, the Company contributed to a newly-created company, Sitios Latinoamérica, S.A.B. of C.V. (hereinafter “Sitios Latam”), a portion of the Company’s capital stock, assets and liabilities, mainly consisting of the shares of the Company’s subsidiaries holding telecommunications towers and other associated infrastructure in Latin America outside of Mexico, other than Colombia and the Company’s telecommunications towers existing in Peru prior to the spin-off. The spin-off became effective and the shares of Sitios Latam were distributed on August 8, 2022. As a result, Sitios Latam has a direct or indirect participation in the capital stock of such entities, which are dedicated exclusively to the construction, operation and commercialization of towers and other structures for the installation of telecommunications equipment for the provision of wireless services. The effects of this spin-off are described in Note 12d.
c) On October 6, 2022, Liberty Latin America Ltd. (“Liberty Latin America” or “LLA”) and the Company announced that they completed the transaction to combine their operations in Chile (VTR and Claro Chile, respectively) in order to create a
50
:
50
joint venture called Claro Chile, SpA.
 
As described in note 12b. 
d) On July 1, 2022, the Company completed the sale of Claro Panama, S.A. (“Claro Panama”) to Cable & Wireless Panama, S.A., an affiliate of LLA. As described in note 2ac.
Effects of the COVID-19 Pandemic:
While the negative impact of the COVID-19 pandemic has been gradually declining, the Company continues to closely monitor the evolution of the COVID-19 pandemic in the countries where it operates. Although fiscal year 2022 is the third annual reporting period impacted by the COVID-19 pandemic, the economic and financial impacts still remain to some extent, and preventive measures to ensure the continuity of operations and safeguard the health and safety of personnel and custo
mers
must be reinforced.
v3.23.1
Basis of Preparation of the Consolidated Financial Statements and Summary of Significant Accounting Policies and Practices
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Basis of Preparation of the Consolidated Financial Statements and Summary of Significant Accounting Policies and Practices
Note 2. Basis of Preparation of the Consolidated Financial Statements and Summary of Significant Accounting Policies and Practices
a) Basis of preparation
The accompanying consolidated financial statements have been prepared in conformity with International Financial Reporting Standards, as issued by the International Accounting Standards Board (“IASB”) (hereafter referred to as IFRS).
The consolidated financial statements have been prepared on the historical cost basis, except for the derivative financial instruments (assets and liabilities), the passive infrastructure of mobile telecommunications towers, the trust assets of post-employment and other employee benefit plans and the investments in equity at fair value through other comprehensive income (OCI), which are presented at their market value.
Effective July 1, 2018, the Argentinian economy has been considered to be hyperinflationary in accordance with the criteria in IAS 29 “Financial Reporting in Hyperinflationary Economies” (“IAS 29”). Accordingly, for the Argentinian subsidiaries, we have included adjustments for hyperinflation and reclassifications as is required by the standard for purposes of presentation of IFRS in the consolidated financial statements.
 
The preparation of these consolidated financial statements under IFRS requires the use of critical estimates and assumptions that affect the amounts reported for certain assets, liabilities, income and expenses, including the main impact generated by the COVID-19 pandemic and the potential effect on the amounts disclosed in the consolidated financial statements.
It also requires that management exercise judgment in the application of the Company’s accounting policies. Actual results could differ from these estimates and assumptions.
The Mexican peso is the functional currency of the Company’s Mexican operations and the consolidated reporting currency of the Company.
i) Changes in Accounting Policies and Disclosures
As of December 31, 2020, the company changed its accounting policy to record the value of the passive infrastructure (towers) of its subsidiaries. With the change, this passive infrastructure was no longer recognized at historical cost, and it began to be recognized under the revaluation model (market value). The company considers that the revaluation model represents the actual conditions of the industry of this class of assets and improves its financial position, this allows its shareholders and stakeholders to have the necessary financial information associated with market expectations about this class of assets.
ii) Basis of consolidation
The consolidated financial statements include the accounts of América Móvil, S.A.B. de C.V. and those subsidiaries over which the Company exercises control. The consolidated financial statements for the subsidiaries were prepared for the same period as the Company´s and applying consistent accounting policies. All of the subsidiary companies operate in the telecommunications sector or related.
Subsidiaries are entities over which the Company has control. Control is achieved when the Company has power over the investee, when it is exposed to, or has rights to, variable returns from its involvement with the investee, and has the ability to use its power over the investee to affect the amount of the investor’s returns. Subsidiaries are consolidated on a line-by-line basis from the date which control is achieved by the Company. The Company reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the elements of control.
On March 6, 2020, in accordance with a resolution of the Federal Telecommunications Institute (Instituto Federal de Telecomunicaciones or IFT), the subsidiaries Teléfonos de México, S.A.B. de C.V. and Teléfonos del Noroeste, S.A. de C.V. created separate companies related to the wholesale services named Red Nacional Última Milla S.A.P.I. de C.V., Servicios de Telecomunicaciones Ultima Milla, S.A. de C.V. and Red Última Milla del Noroeste S.A.P.I. de C.V. The restructuring of Telmex has no impact on the consolidated financial information of the Company.
Changes in the Company’s ownership interests in a subsidiary that do not result in the Company losing control over the subsidiary are accounted for as equity transactions. The carrying amounts of the equity attributable to owners of the parent and non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiary. Any difference between the carrying amount of the non-controlling interests and the fair value of the consideration paid or received in the transaction is recognized directly in the equity attributable to the owners.
Subsidiaries are deconsolidated from the date which control ceases. When the Company ceases to have control over a subsidiary, it derecognizes the assets (including any goodwill) and liabilities of the subsidiary at their carrying amounts, derecognizes the carrying amount of non-controlling interests in the former subsidiary and recognizes the fair value of any consideration received from the transaction. Any retained interest in the former subsidiary is then remeasured to its fair value.
 
All intra-Company balances and transactions, and any unrealized gains and losses arising from intra-Company transactions, are eliminated in preparing the consolidated financial statements.
Non-controlling interests represent the portion of profits or losses and net assets not held by the Company. Non-controlling interests are presented separately in the consolidated statements of comprehensive income and in equity in the consolidated statements of financial position separately from Company’s own equity.
Associates:
An associate is an entity over which the Company has significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee but does not have control or joint control over those decisions.
The Company’s investment in associates includes goodwill identified on acquisition, net of any accumulated impairment losses.
The investments in associated companies in which the Company exercises significant influence are accounted for using the equity method, whereby Company recognizes its share in the net profit (losses) and equity of the associate.
Joint venture:
A joint venture is an arrangement in which the Company has joint control, whereby the Company has rights to the net assets of the arrangement, rather than rights to its assets and obligations for its liabilities.
Interests in the joint venture are accounted for using the equity method. Pursuant to such method, the joint venture is initially recognized at cost, which includes transaction costs. Subsequent to initial recognition, the consolidated financial statements include the Company’s share of the profit or loss and OCI of equity-accounted investees, until the date on which significant influence or joint control ceases.
The results of operations of the subsidiaries and associates are included in the Company’s consolidated financial statements beginning as of the month following their acquisition and its share of other comprehensive income after acquisition is recognized directly in other comprehensive income.
The Company assesses at each reporting date whether there is objective evidence that investment in associates is impaired. If so, the Company calculates the amount of impairment as the difference between the recoverable amount of the associate and its carrying value.
 
The equity interest in the most significant subsidiaries at December 31, 2021 and 2022 is as follows:

Company name
  
Country
 
  
Equity

interest at

December 31
 
  
2021
 
 
2022
 
Subsidiaries:
                          
América Móvil B.V.
a)
      Netherlands        100.0 %     
100.0
% 
Compañía Dominicana de Teléfonos, S.A. (“Codetel”)
b)
      Dominican Republic        100.0 %     
100.0
% 
Sercotel, S.A. de C.V.
a)
      Mexico        100.0 %     
100.0
% 
Radiomóvil Dipsa, S.A. de C.V. and subsidiaries (“Telcel”)
b)
      Mexico        100.0 %     
100.0
% 
Puerto Rico Telephone Company, Inc.
b)
      Puerto Rico        100.0 %     
100.0
% 
Servicios de Comunicaciones de Honduras, S.A. de C.V. (“Sercom Honduras”)
b)
      Honduras        100.0 %     
100.0
% 
Claro S.A.
b)
      Brazil        98.2 %     
98.2
% 
NII Brazil Holding S.A.R.L
a)
      Luxembourg        100.0 %     
100.0
% 
Claro NXT Telecomunicações, S.A.
b)
      Brazil        100.0 %     
100.0
% 
Telecomunicaciones de Guatemala, S.A. (“Telgua”)
b)
      Guatemala        99.3 %     
99.3
% 
Claro Guatemala, S.A.
b)
      Guatemala        100.0 %     
100.0
% 
Empresa Nicaragüense de Telecomunicaciones, S.A. (“Enitel”)
b)
      Nicaragua        99.6 %     
99.6
% 
Compañía de Telecomunicaciones de El Salvador, S.A. de C.V. (“CTE”)
b)
      El Salvador        95.8 %     
95.8
% 
Comunicación Celular, S.A. (“Comcel”)
b)
      Colombia        99.4 %     
99.4
% 
Consorcio Ecuatoriano de Telecomunicaciones, S.A. (“Conecel”) 
b)
      Ecuador        100.0 %     
100.0
% 
AMX Argentina, S.A.
b)
      Argentina        100.0 %     
100.0
% 
AMX Paraguay, S.A.
b)
      Paraguay        100.0 %     
100.0
% 
AM Wireless Uruguay, S.A.
b)
      Uruguay        100.0 %     
100.0
% 
Claro Chile, S.A.
c)
      Chile        100.0 %     
—
  
 
América Móvil Perú, S.A.C
b)
      Peru        100.0 %     
100.0
% 
Claro Panamá, S.A.
b) d)
      Panama        100.0 %     
—
  
 
Teléfonos de México, S.A.B. de C.V.
b)
      Mexico        98.8 %     
98.8
% 
Telekom Austria AG
b)
      Austria        51.0 %     
51.0
% 
Joint venture:
                      
 
 
Claro Chile, SpA
c)
      Chile        —        
50.0
% 
 
a)
Holding companies
b)
Operating companies of mobile and fixed services
c)
On October 6, 2022, this entity combined its operations with the Chilean operations of LLA to form a joint venture. See Note 12b.
d)
On July 1, 2022, this entity was discontinued operations. See Note 2Ac.
iii) Basis of translation of financial statements of foreign subsidiaries and associated companies
The operating revenues of foreign subsidiaries represent approximately 65%, 63% and 63% of consolidated operating revenues for the years ended December 31, 2020, 2021 and 2022, respectively, and their total assets represent approximately 70% and 64% of consolidated total assets at December 31, 2021 and 2022, respectively.
The financial statements of foreign subsidiaries have been prepared under or converted to IFRS in the respective local currency (which is their functional currency) and then translated into the Company´s reporting currency as follows:
 
  •  
all monetary assets and liabilities were translated at the closing exchange rate of the period;
 

  •  
all non-monetary assets and liabilities at the closing exchange rate of the period;
 
  •  
equity accounts are translated at the exchange rate at the time the capital contributions were made and the profits were generated;
 
  •  
revenues, costs and expenses are translated at the average exchange rate of the period, except for the operations of the subsidiaries in Argentina, whose economy is considered hyperinflationary since 2018;
 
  •  
the consolidated statements of cash flows presented using the indirect method were translated using the weighted-average exchange rate for the applicable period (except for Argentina), and the resulting difference is shown in the consolidated statements of cash flows under the heading “Adjustment to cash flows due to exchange rate fluctuations, net”.
The difference resulting from the translation process is recognized in equity in the caption “Effect of translation of foreign entities”. At December 31, 2021 and 2022, the cumulative translation adjustment was Ps. (104,270,295) and Ps. (128,299,347), respectively.
The basis of translation for the operations of the subsidiaries in Argentina are described below:
In recent years, the Argentina economy has shown high rates of inflation. Although inflation data has not been consistent in recent years and several indexes have coexisted, inflation in Argentina indicates that the three-year cumulative inflation rate exceeded 100% in 2018, which is one of the quantitative references established by IAS 29. As a result, Argentina was considered a hyperinflationary economy in 2018 and the Company applies hyperinflation accounting to its subsidiary whose functional currency is the Argentine peso for financial information for periods ending on or after July 1, 2018, however the calculation of the cumulative impact was measured as of January 1, 2018.
In order to restate for hyperinflation its financial statements, the subsidiary used the series of indices defined by resolution JG No. 539/18 issued by the “Federación Argentina de Consejos Profesionales de Ciencias Económicas” (“FACPCE”), based on the National Consumer Price Index (IPC) published by the Instituto Nacional de Estadística y Censos (INDEC) of the Argentine Republic and the Wholesale Internal Price Index (IPIM) published by FACPCE. The cumulative index at December 31, 2022 is 1,138.639, while on an annual inflation for 2022 is 95.5%.
The main implications are as follows:
 
  •  
Adjustment of the historical cost of non-monetary assets and liabilities and equity items from their date of acquisition, or the date of inclusion in the consolidated statements of financial position, to the end of the year, in order to reflect changes in the currency’s purchasing power caused by inflation.
 
  •  
The gain on the net monetary position caused by the impact of inflation in the year is included in the consolidated statements of comprehensive income as part of the caption “
Valuation of derivatives, interest cost from labor obligations and other financial items, net”
. Items in the statement of comprehensive income and in the statements of cash flows are adjusted by the inflation index since their origination, with a balancing entry, and a reconciling item in the statements of cash flows, respectively.
 
  •  
All items in the financial statements of the Argentine company are translated at the closing exchange rate, which at December 31, 2021 and 2022 were 0.2004 and 0.1096, respectively, per Argentine peso per Mexican peso.
b) Revenue recognition
The Company revenues are derived principally from providing the following telecommunications services and products: wireless voice, wireless data and value-added services, fixed voice, fixed data, broadband and IT services, Pay TV and over-the-top (“OTT”) services.
 
The Company provides fixed and mobile services. These services are offered independently in contracts with customers or together with the sale of handsets (mobile) under the postpaid model. In accordance with IFRS 15
“Revenues from contracts with customers”
, the transaction price should be assigned to the different performance obligations based on their relative standalone selling price.
The Company with respect to the provided services, it has market observable information, to determine the standalone selling price of the services. On the other hand, in the case of the sale of bundled mobile phones sold (including service and handset) by the Company, the allocation of the sales is done based on their relative standalone selling price of each individual component related to the total bundled price. The result is that more equipment revenue is recognized at the moment of a sale and, therefore, less service revenue from the monthly fee is being recognized under IFRS 15.
The services provided by the Company are satisfied over the time of the contract period, given that the customer simultaneously receives and consumes the benefits provided by the Company.
Such service bundles, voice and data, accomplish the criteria mentioned in IFRS 15 of being substantially similar and of having the same transfer pattern which is why the Company concluded that the revenue from these different services offered to its customers are considered as a single performance obligation with revenue being recognized over time, except for sales of equipment.
Under IFRS 15, for those contracts with customers in which generally the sale of equipment and other electronic equipment is a single performance obligation, the Company recognizes the revenue at the moment when it transfers control to the customer which generally occurs when such goods are delivered.
The commissions are considered incremental contract acquisition costs that are capitalized and are amortized over the expected period of benefit, during the average duration of customer contracts.
Some subsidiaries have loyalty programs where the Company awards credits customer credit awards referred as “points”. The customer can redeem accrued “points” for awards such as devices, accessories or airtime. The Company provides all awards. The consideration allocated to the award credits is identified as a separate performance obligation; the corresponding liability of the award credits is measured at its fair value. The consideration allocated to award credits amount is recognized as a contract liability until the points are redeemed. Revenue is recognized upon redemption of products by the customer.
c) Cost of sales
The cost of mobile equipment and computers is recognized at the time the client and distributor receive the device which is when the control is transferred to the customer.
d) Cost of services
The cost of services represents the costs incurred to properly deliver the services to the customers, it includes the network operating costs and licenses related costs and is accounted at the moment in which such services are provided.
e) Commissions to distributors
The Company pays commissions to its network of distributors primarily to acquire and retain customers for the Company. Such commissions are recognized in
“commercial, administrative and general expenses”
in the consolidated statements of comprehensive income at the time in which the distributor either reports an activation or reaches certain number of lines activated or obtained at a certain point of time.
 
f) Cash and cash equivalents
Cash and cash equivalents represent bank deposits and liquid investments with maturities of less than three months. These amounts are stated at cost plus accrued interest, which is similar to their market value.
The Company also maintains restricted cash held as collateral to meet certain contractual obligations. Restricted cash is presented as part of “Other assets” within other non-current financial assets given that the restrictions are long-term in nature. See Note 9.
g) Equity investments at fair value through OCI and other short/long-term investments
Equity investments at fair value through OCI and other short-term investments are primarily composed of equity investments and other short-term financial investments. Amounts are initially recorded at their estimated fair value. Fair value adjustments for equity investments are recorded through other comprehensive income, and other short-term investment.
h) Inventories
Inventories are initially recognized at historical cost and are valued using the average cost method without exceeding their net realizable value.
The estimate of the realizable value of inventories on-hand is based on their age and turnover.
i) Business combinations and goodwill
Business combinations are accounted for using the acquisition method, which in accordance with IFRS 3, “
Business acquisitions
”, consists in general terms as follows:
 
(i)
Identify the acquirer
 
(ii)
Determine the acquisition date
 
(iii)
Value the acquired identifiable assets and assumed liabilities
 
(iv)
Recognize the goodwill or a bargain purchase gain
For acquired subsidiaries, goodwill represents the difference between the purchase price and the fair value of the net assets acquired at the acquisition date. The investment in acquired associates includes goodwill identified on acquisition, net of any impairment loss.
Goodwill is reviewed annually to determine its recoverability or more often if circumstances indicate that the carrying value of the goodwill might not be fully recoverable.
The possible loss of value in goodwill is determined by analyzing the recovery value of the cash generating unit (or the group thereof) to which the goodwill is associated at the time it was originated. If this recoverable amount is lower than the carrying value, an impairment loss is charged to the results of operations. The recoverable amount is determined based on the higher of fair value less cost of disposal or value in use.
For the years ended December 31, 2020, 2021 and 2022, no impairment losses were recognized for goodwill.
j) Property, plant and equipment
i) Property, plant and equipment are recorded at acquisition cost, net of accumulated depreciation; except for the passive infrastructure of telecommunications towers, which are recognized under the revaluation model as of December 31, 2020. Depreciation is computed on the cost of assets using the straight-line method, based on the estimated useful lives of the related assets, beginning the month after they become available for use.
 
Borrowing costs that are incurred for general financing for construction in progress for periods exceeding six months are capitalized as part of the cost of the asset. During the years ended December 31, 2020, 2021 and 2022, borrowing costs that were capitalized amounted to Ps. 1,771,613, Ps.1,527,259 and Ps. 1,514,654 respectively.
In addition to the purchase price and costs directly attributable to preparing an asset in terms of its physical location and condition for operating as intended by management, when required, the cost also includes the estimated costs of dismantling and removal of the asset and for restoration of the site where it is located. See Note 16c.
The passive infrastructure of telecommunications towers is recorded at revalued value, which is its fair value at the time of revaluation less accumulated depreciation; if there is any loss or impairment, it must also be considered within its value. The revaluations will be calculated with sufficient regularity to ensure that the book value, every time, does not differ significantly from that which could be determined using the fair value at the end of the reporting period.
The increase resulting from a revaluation is recorded in other comprehensive income (OCI) and is accumulated in equity as a revaluation surplus. To the extent that there is a decrease in revaluation, it will be recognized in profit or loss, except to the extent that it compensates for an existing surplus on the same asset.
An annual transfer of the asset revaluation surplus and accumulated earnings is made to the extent that the asset is used, therefore, the surplus is equal to the difference between the depreciation calculated on the revalued value and the one calculated according to its original cost. These transfers do not record in the results for the period. A total transfer of the surplus may be made when the entity disposes of the asset.
ii) The net book value of property, plant and equipment is removed from the consolidated statements of financial position at the time the asset is sold or when no future economic benefits are expected from its use or sale. Any gains or losses on the sale of property, plant and equipment represent the difference between net proceeds of the sale and the net book value of the item at the time of sale, that are recognized as either other operating income or other operating expenses upon sale.
iii) The Company periodically assesses the residual values, useful lives and depreciation methods associated with its property, plant and equipment. If necessary, the effects of any changes in accounting estimates is recognized prospectively, at the closing of each period, in accordance with IAS 8, “
Accounting Policies, Changes in Accounting Estimates and Errors
”.
For property, plant and equipment made up of several components with different useful lives, the major individual components are depreciated over their individual useful lives. Maintenance costs and repairs are expensed as incurred.
Annual depreciation rates are as follows:
 
Network infrastructure
      5%-33%  
Buildings and leasehold improvement
      2%-33%  
Other assets
      10%-50%  
iv) The carrying value of property, plant and equipment is reviewed annually if there are indicators of impairment in such assets. If an asset’s recovery value is less than the asset’s net carrying value, the difference is recognized as an impairment loss.
During the years ended December 31, 2020, 2021 and 2022, no impairment losses were recognized.
v) Spare parts for network operation are recognized at cost.
 
The valuation of inventory for network considered obsolete, defective or slow-moving, is reduced to their estimated net realizable value. The estimate of the recovery value of inventories is based on their age and turnover.
k) Intangibles
i) Licenses
Licenses to operate wireless telecommunications networks granted by the governments of the countries in which the Company operates are recorded at acquisition cost or at fair value at their acquisition date, net of accumulated amortization. Certain licenses require payments to the governments, such payments are recognized in the cost of service and equipment.
The licenses that in accordance with government requirements are categorized as automatically renewable, for a nominal cost and with substantially consistent terms, are considered by the Company as intangible assets with an indefinite useful life. Accordingly, they are not amortized. Licenses are amortized when the Company does not have a basis to conclude that they are indefinite lived. Licenses are amortized using the straight-line method over a period ranging from 3 to 30 years, which represents the usage period of the assets.
The Company has conducted an internal analysis on the applicability of the International Financial Reporting Interpretation Committee (“IFRIC”) No. 12 (Service Concession Agreements) and has concluded that its concessions are outside the scope of IFRIC 12. To determine the applicability of IFRIC 12, the Company analyzes each concession or group of similar concessions in a given jurisdiction. As a threshold matter, the Company identifies those government concessions that provide for the development, financing, operation or maintenance of infrastructure used to render a public service, and that set out performance standards, mechanisms for adjusting prices and arrangements for arbitrating disputes.
With respect to those services, the Company evaluates whether the grantor controls or regulates (i) what services the operator must provide, (ii) to whom it must provide them and (iii) the applicable price (the “Services Criterion”). In evaluating whether the applicable government, as grantor, controls the price at which the Company provides its services, the Company looks at the terms of the concession agreement according to all applicable regulations. If the Company determines that the concession under analysis meets the Services Criterion, then the Company evaluates whether the grantor would hold a significant residual interest in the concession’s infrastructure at the end of the term of the arrangement.
ii) Trademarks
Trademarks acquired are measured on initial recognition at cost. The cost of trademarks acquired in a business combination is their fair value at the date of acquisition. The useful lives of trademarks are assessed as either definite or indefinite. Trademarks with finite useful lives are amortized using the straight-line method over a period ranging from 1 to 10 years. Trademarks with indefinite useful lives are not amortized but are tested for impairment annually at the cash generating unit level. The assessment of indefinite life is reviewed annually to determine whether the indefinite life continues to be supportable, if not, the change in useful life from indefinite to definite is made on a prospective basis.
iii) Irrevocable rights of use
Irrevocable rights of use are recognized according to the amount paid for the right and are amortized over the period in which they are granted.
The carrying values of the Company’s licenses and trademarks are reviewed annually and whenever there are indicators of impairment in the value of such assets. When an asset’s recoverable amount, which is the higher of the asset’s fair value, less disposal costs and its value in use (the present value of future cash flows), is less than the asset’s carrying value, the difference is recognized as an impairment loss.
 
iv) Customer relationships
The value of customer relations is determined and valued at the time that a new subsidiary is acquired, as determined by the Company with the assistance of independent appraisers and is amortized over a 5-year period.
During the years ended December 31, 2020, 2021 and 2022, no significant impairment losses were recognized for licenses, trademarks, irrevocable rights of use or customer relationships.
l) Impairment in the value of long-lived assets
The Company assesses the existence of indicators of impairment in the carrying value of long-lived assets, goodwill and intangible assets according to IAS 36 “
Impairment of assets
”. When there are such indicators, or in the case of assets whose nature requires an annual impairment analysis (goodwill and intangible assets with indefinite useful lives), the Company estimates the recoverable amount of the asset, which is the higher of its fair value, less disposal costs, and its value in use. Value in use is determined by discounting estimated future cash flows, applying a pre-tax discount rate that reflects the time value of money and taking into consideration the specific risks associated with the asset. When the recoverable amount of an asset is below its carrying value, impairment is considered to exist. In this case, the carrying value of the asset is reduced to the asset’s recoverable amount, recognizing the loss in results of operations for the respective period. Depreciation and/or amortization expense of future periods is adjusted based on the new carrying value determined for the asset over the asset’s remaining useful life. Impairment is computed individually for each asset. Recoverable amount is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or group of assets.
In the estimation of impairments, the Company uses the strategic plans established for the separate cash-generating units to which the assets are assigned. Such strategic plans generally cover a period from 3 to 5 years. For longer periods, beginning in the fifth year, projections are based on such strategic plans while applying a constant or declining expected perpetual growth rate.
Key assumptions used in value in use calculations
The forecasts are made in real terms (net of inflation) and in the functional currency of the subsidiary as of December 31, 2022. Financial forecasts, premises and assumptions are similar to what any other market participant in similar conditions would consider, including the impact of the COVID-19 pandemic.
Local synergies, that any other market participant would not have taken into consideration to prepare similar forecasted financial information, have not been included.
The assumptions used to develop the financial forecasts were validated for each of the cash generating units (“CGUs”), typically identified by country and by service (in the case of Mexico) taking into consideration the following:
 
 
•
 
Current subscribers and expected growth.
 
 
•
 
Type of subscribers (prepaid, postpaid, fixed line, multiple services)
 
 
•
 
Market environment and penetration expectations
 
 
•
 
New products and services
 
 
•
 
Economic environment of each country
 
 
•
 
Expenses for maintaining the current assets
 
 
•
 
Investments in technology for expanding the current assets
 
 
•
 
Market consolidation and synergies
 
The foregoing forecasts could differ from the results obtained through time; however, the Company prepares its estimates based on the current situation of each of the CGUs.
The recoverable amounts are based on value in use. The value in use is determined based on the method of discounted cash flows. The key assumptions used in projecting cash flows are:
 
  •  
Margin on EBITDA is determined by dividing EBITDA (operating income plus depreciation and amortization) by total revenues.
 
  •  
Margin on CAPEX is determined by dividing capital expenditures (“CAPEX”) by total revenues.
 
  •  
Pre-tax weighted average cost of capital (“WACC”) is used to discount the projected cash flows.
As discount rate, the Company uses the WACC which was determined for each of the cash generating units and is described in the following paragraphs.
The estimated discount rates to perform the IAS 36 “
Impairment of assets
”, impairment test for each CGU consider market participants assumptions. Market participants were selected taking into consideration size, operations and characteristics of the business that were similar to those of Company. These discount rates do not include inflation.
The discount rates represent the current market assessment of the risks specific to each CGU, taking into consideration the time value of money and individual risks of the underlying assets that have not been incorporated in the cash flow estimates. The discount rate calculation is based on the specific circumstances of the Company and its operating segments. The WACC takes into account both debt and equity costs. The cost of equity is derived from the expected return on investment for each GCU. The cost of debt is based on the interest-bearing borrowings the Company is obliged to service. Segment-specific risk is incorporated by applying individual beta factors.
The beta factors are evaluated annually based on publicly available market data.
Market participant assumptions are important because, not only do they include industry data for growth rates, but also management assesses how the CGU’s position, relative to its competitors, might change over the forecasted period.
 
The most significant forward-looking estimates used for the 2021 and 2022 impairment evaluations are shown below:
 
    
Average margin on

EBIDTA
    
Average margin on

CAPEX
    
Average pre-tax

discount rate

(WACC)
  
2021:
                         
Europe (7 countries)
     
31.60% - 45.32%
      
7.48% - 24.37%
      
2.91% - 9.83%
  
Brazil (fixed line, wireless and TV)
      41.37%       22.98%       4.62%  
Puerto Rico
      21.54%       14.36%       3.00%  
Dominican Republic
      52.02%       13.86%       5.84%  
Mexico (fixed line and wireless)
      36.21%       15.89%       6.24%  
Ecuador
      44.76%       12.48%       14.48%  
Peru
      36.63%       17.19%       3.99%  
El Salvador
      44.82%       24.25%       10.78%  
Colombia
      43.36%       23.18%       7.18%  
Other countries
     
30.55% - 48.52%
      
4.91% - 30.03%
      
4.64% - 14.39%
  
2022:
                         
Europe (7 countries)
   
 
32.70% - 47.31%
 
  
 
7.7% - 21.1%
 
  
 
5.47% - 24.11%
 
Brazil (fixed line, wireless and TV)
   
 
41.90%
 
  
 
19.62%
 
  
 
9.30%
 
Puerto Rico
   
 
26.98%
 
  
 
8.91%
 
  
 
6.14%
 
Dominican Republic
   
 
53.93%
 
  
 
13.82%
 
  
 
11.13%
 
Mexico (fixed line and wireless)
   
 
36.19%
 
  
 
18.61%
 
  
 
8.60%
 
Ecuador
   
 
47.14%
 
  
 
18.42%
 
  
 
20.13%
 
Peru
   
 
36.53%
 
  
 
21.05%
 
  
 
10.39%
 
El Salvador
   
 
45.18%
 
  
 
17.59%
 
  
 
22.37%
 
Colombia
   
 
42.25%
 
  
 
27.41%
 
  
 
13.70%
 
Other countries
   
 
32.92% - 49.54%
 
  
 
9.63% - 25.97%
 
  
 
9.16% - 29.94%
 
Sensitivity to changes in assumptions:
The implications of the key assumptions for the recoverable amount are discussed below:
Margin on CAPEX- The Company performed a sensitivity analysis by increasing its CAPEX by 5% and maintaining all other assumptions the same. The sensitivity analysis would require the Company to adjust the amount of its long-lived and indefinite-life assets in its CGUs with potential impairment of approximately Ps. 824,210.
WACC- Additionally, should the Company increase by 50 base points in WACC per CGU and maintain all other assumptions the same, results without impairment.
m
)
Right-of-use assets
The Company applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets. The Company recognizes lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets.

i)
Right-of-use
assets
The Company recognizes
right-of-use
assets at the commencement date of the lease (i.e., the date the underlying asset is available for use).
Right-of-use
assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of
right-of-use
assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or
 
before the commencement date less any lease incentives received.
Right-of-use
assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets, as follows:

 
Assets
  
Useful life
Towers and sites
    5 to 12 years
Property
    10 to 25 years
Other equipment
    5 to 15 years
The right-of-use assets are also subject to impairment test.
 
ii)
Lease liabilities.
At the commencement date of the lease, the Company recognizes the lease liabilities measured at the present value of the lease payments to be made over the lease term. Lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or rate, and amounts expected to be paid under residual value guarantees. The lease payments also include payments of penalties for early termination of the lease, if the term of the lease reflects that the Company exercises the option to terminate early. The variable lease payments that do not depend on an index or a rate are recognized as an expense in the period on which the event or condition that triggers the payment occurs.
In calculating the present value of the lease payments, the Company uses an incremental borrowing rate at the lease commencement date, if the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of the lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the in-substance fixed payments or change in the assessment to purchase the underlying asset.
 
iii)
Short-term leases and leases of low value assets.
The Company applies the short-term lease recognition exemption for its leases of machinery and equipment (i.e., those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). It also applies the recognition exemption lease of low-value assets (that is, below US$ 5,000). Short-term lease payments and leases of low-value assets are recognized as expenses on straight-line basis over the lease term.
n) Financial assets and liabilities
Financial assets
Initial recognition and measurement
Financial assets are classified, at initial recognition, as subsequently measured at amortized cost, fair value through other comprehensive income (OCI), and fair value through profit or loss.
The classification of financial assets at initial recognition depends on the financial asset’s contractual cash flow characteristics and the Company’s business model for managing them, with the exception of trade receivables that do not contain a significant financing component or for which the Company has applied the practical expedient, the Company initially measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs.
Subsequent measurement
For purposes of subsequent measurement, financial assets are classified in four categories:
 
 
•
 
Financial assets at amortized cost (debt instruments)
 
  •  
Financial assets at fair value through OCI with recycling of cumulative gains and losses (debt instruments)
 
  •  
Financial assets designated at fair value through OCI with no recycling of cumulative gains and losses upon derecognition (equity instruments)
 
  •  
Financial assets at fair value through profit or loss
Financial assets at amortized cost (debt instruments)
The Company measures financial assets at amortized cost if both of the following conditions are met:
 
  •  
The financial asset is held within a business model with the objective to hold financial assets in order to collect contractual cash flows, and
 
  •  
The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding
Financial assets at amortized cost are subsequently measured using the effective interest (EIR) method and are subject to impairment. Gains and losses are recognized in profit or loss when the asset is derecognized, modified or impaired.
The Company’s financial assets at amortized cost includes cash equivalents and receivables.
Financial assets at fair value through OCI with recycling of cumulative gains and losses (debt instruments)
The Company measures debt instruments at fair value through OCI if both of the following conditions are met:
 
  •  
The financial asset is held within a business model with the objective of both holding to collect contractual cash flows and selling, and
 
  •  
The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding
For debt instruments at fair value through OCI, interest income, foreign exchange revaluation and impairment losses or reversals are recognized in the statements of profit or loss and computed in the same manner as for financial assets measured at amortized cost. The remaining fair value changes are recognized in OCI. Upon derecognition, the cumulative fair value change recognized in OCI is recycled to profit or loss.
Financial assets designated at fair value through OCI with no recycling of cumulative gains and losses upon derecognition (equity instruments)
Upon initial recognition, the Company can elect to classify irrevocably its equity investments as equity instruments designated at fair value through OCI when they meet the definition of equity under IAS 32 Financial Instruments: Presentation, and are not held for trading. The classification is determined on an instrument by instrument basis. More details of these investments are disclosed in Note 4 to the accompanying consolidated financial statements.
Gains and losses on these financial assets are never recycled to profit or loss. Dividends are recognized as other income in the statements of profit or loss when the right of payment has been established, except when the Company benefits from such proceeds as a recovery of part of the cost of the financial asset, in which case, such gains are recorded in OCI. Equity instruments designated at fair value through OCI are not subject to impairment assessment.
Financial assets at fair value through profit or loss
Financial assets at fair value through profit or loss include financial assets held for trading, financial assets designated upon initial recognition at fair value through profit or loss, or financial assets mandatorily required to
 
be measured at fair value. Financial assets are classified as held for trading if they are acquired for the purpose of selling or repurchasing in the near term. Derivatives, including separated embedded derivatives, are also classified as held for trading unless they are designated as effective hedging instruments. Financial assets with cash flows that are not solely payments of principal and interest are classified and measured at fair value through profit or loss, irrespective of the business model. Notwithstanding the criteria for debt instruments to be classified at amortized cost or at fair value through OCI, as described above, debt instruments may be designated at fair value through profit or loss on initial recognition if doing so eliminates, or significantly reduces, an accounting mismatch.
Financial assets at fair value through profit or loss are carried in the statements of financial position at fair value with net changes in fair value recognized in the consolidated statements of comprehensive income within “Valuation of derivatives, interest cost from labor obligations and other financial items”.
Derecognition of financial assets
A financial asset is primarily derecognized when:
 
  •  
The rights to receive cash flows from the asset have expired, or
 
  •  
The Company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a ‘pass-through’ arrangement; and either (a) the Company has transferred substantially all the risks and rewards of the asset, or (b) the Company has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset
When the Company has transferred its rights to receive cash flows from an asset or has entered into a passthrough arrangement, it evaluates if, and to what extent, it has retained the risks and rewards of ownership. When it has neither transferred nor retained substantially all the risks and rewards of the asset, nor transferred control of the asset, the Company continues to recognize the transferred asset to the extent of its continued involvement. In that case, the Company also recognizes an associated liability. The transferred asset and the associated liability are measured on a basis that reflects the rights and obligations that the Company has retained.
Impairment of financial assets
The Company recognizes an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss. ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Company expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms.
ECLs are recognized in two stages. For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12-months (a 12-month ECL). For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is required for credit losses expected over the remaining life of the exposure, irrespective of the timing of the default (a lifetime ECL).
For some trade receivables and contract assets
based on available information
, the Company applies the simplified approach in calculating ECLs. Therefore, the Company does not track changes in credit risk, but instead recognizes a loss allowance based on lifetime ECLs at each reporting date. The Company has established a
loss rate approach
that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment, including the impact by the COVID-19 pandemic.
 
Financial liabilities
Initial recognition
Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and borrowings, payables, or as derivatives designated as hedging instruments in an effective hedge, as appropriate.
All financial liabilities are recognized initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs.
The Company’s financial liabilities include trade and other payables, loans and borrowings including bank overdrafts, and derivative financial instruments.
Subsequent measurement
The measurement of financial liabilities depends on their classification, as described below:
Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated upon initial recognition as at fair value through profit or loss.
Financial liabilities are classified as held for trading if they are incurred for the purpose of repurchasing in the near term. This category also includes derivative financial instruments entered into by the Company that are not designated as hedging instruments in hedge relationships as defined by IFRS 9. Separated embedded derivatives are also classified as held for trading unless they are designated as effective hedging instruments.
Gains or losses on liabilities held for trading are recognized in the statements of profit or loss.
Financial liabilities designated upon initial recognition at fair value through profit or loss are designated at the initial date of recognition, and only if the criteria in IFRS 9 are satisfied. The Company has not designated any financial liability as at fair value through profit or loss.
Loans and borrowings
After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost using the EIR method. Gains and losses are recognized in profit or loss when the liabilities are derecognized as well as through the EIR amortization process.
Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortization is included as finance costs in the statements of profit or loss.
Derecognition of financial liabilities
A financial liability is derecognized when the obligation under the liability is discharged, cancelled or expires. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying amounts is recognized in the consolidated statements of comprehensive income.
Offsetting of financial instruments
Financial assets and financial liabilities are offset and the net amount is reported in the consolidated statements of financial position if there is a currently enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis, to realize the assets and settle the liabilities simultaneously.
 
o) Transactions in foreign currency
Transactions in foreign currency are initially recorded at the prevailing exchange rate at the time of the related transactions. Foreign currency denominated assets and liabilities are subsequently translated at the prevailing exchange rate at the financial statements reporting date. Exchange differences determined from the transaction date to the time foreign currency denominated assets and liabilities are settled or translated at the financial statements reporting date are charged or credited to the results of operations.
In determining the spot exchange rate to use on initial recognition of the related asset, expense or income (or part of it) on the derecognition of a
non-monetary
asset or
non-monetary
liability relating to advance consideration, the date of the transaction is the date on which the Company initially recognizes the
non-monetary
asset or
non-monetary
liability arising from the advance consideration. If there are multiple payments or receipts in advance, the Company determines the transaction date for each payment or receipt of advance consideration.
The exchange rates used for the translation of foreign currencies against the Mexican peso are as follows:
 
         
Average exchange rate
     
Closing exchange rate
at December 31,
  
Country or Zone
   
Currency
    2020      2021     
2022
      2021     
2022
  
Argentina
(1)
    Argentine Peso (AR$)      0.3070        0.2137     
 
0.1586
 
      0.2004     
 
0.1096
 
Brazil    Real (R$)      4.1850        3.7625     
 
3.9045
 
      3.6885     
 
3.7209
 
Colombia    Colombian Peso (COP$)      0.0058        0.0054     
 
0.0048
 
      0.0052     
 
0.0040
 
Guatemala    Quetzal      2.7826        2.6212     
 
2.5981
 
      2.6666     
 
2.4725
 
U.S.A.
(2)
    US Dollar      21.4860        20.2769     
 
20.1283
 
      20.5835     
 
19.4143
 
Uruguay    Uruguay Peso      0.5110        0.4655     
 
0.4893
 
      0.4605     
 
0.4845
 
Nicaragua    Cordoba      0.6257        0.5765     
 
0.5611
 
      0.5795     
 
0.5359
 
Honduras    Lempira      0.8678        0.8384     
 
0.8171
 
      0.8396     
 
0.7853
 
Chile    Chilean Peso      0.0271        0.0268     
 
0.0232
 
      0.0244     
 
0.0226
 
Paraguay    Guaraní      0.0032        0.0030     
 
0.0029
 
      0.0030     
 
0.0026
 
Peru    Sol (PEN$)      6.1483        5.2297     
 
5.2454
 
      5.1484     
 
5.0823
 
Dominican Republic    Dominican Peso      0.3766        0.3540     
 
0.3647
 
      0.3570     
 
0.3436
 
Costa Rica    Colon      0.0366        0.0325     
 
0.0310
 
      0.0319     
 
0.0323
 
European Union    Euro      24.5080        23.9835     
 
21.2285
 
      23.4220     
 
20.7830
 
Bulgaria    Lev      12.5284        12.2617     
 
10.8523
 
      11.9762     
 
10.6188
 
Belarus    New Belarusian Ruble      8.8172        7.9932     
 
7.3993
 
      8.0279     
 
7.0644
 
Croatia    Croatian Kuna      3.2498        3.1852     
 
2.8173
 
      3.1161     
 
2.7584
 
Macedonia    Macedonian Denar      0.3975        0.3893     
 
0.3445
 
      0.3800     
 
0.3378
 
Serbia    Serbian Denar      0.2083        0.2040     
 
0.1807
 
      0.1992     
 
0.1772
 
 
(1)
Year-end rates are used for the translation of revenues and expenses if IAS 29
“Financial Reporting in Hyperinflationary Economies”
is applied.
Financial reporting in hyperinflationary economies
Financial statements of Argentina subsidiaries are restated before translation to the reporting currency of the Company and before consolidation in order to reflect the same value of money for all items. Items recognized in the statements of financial position which are not measured at the applicable year-end measuring unit are restated based on the general price index. All non-monetary items measured at cost or amortized cost is restated for the changes in the general price index from the date of transaction or the last hyperinflationary calculation to the reporting date. Monetary items are not restated. All items of shareholders’ equity are restated for the changes in the general price index since their addition or the last hyperinflationary calculation until the end of the reporting period. All items of comprehensive income are restated for the change in a general price index from the date of initial recognition to the reporting date. Gains and losses resulting from the net-position of monetary items are reported in the consolidated
 
statements of operations in financial result in exchange differences. In accordance with IFRS, prior year financial statements were not restated.
 
(2)
Includes U.S.A., Ecuador, El Salvador, Puerto Rico and Panama.
As of April 28, 2023, the exchange rate between the US dollar and the Mexican Peso was Ps. 18.0723. The appreciation of the Mexican peso against the US dollar represent 6.91% with respect to the
year-end
value.
p) Accounts payable, accrued liabilities and provisions
Liabilities are recognized whenever (i) the Company has current obligations (legal or assumed) resulting from a past event, (ii) when it is probable the obligation will give rise to a future cash disbursement for its settlement, and (iii) the amount
of
the obligation can be reasonably estimated.
When the effect of the time value of money is significant, the amount of the liability is determined as the present value of the expected
disbursements
to settle the obligation. The discount rate is determined on a pre-tax basis and reflects current market conditions at the financial statements reporting date and, where appropriate, the risks specific to the liability. Where discounting is used, an increase in the liability is recognized as finance expense.
Contingent liabilities are recognized only when it is probable, they will give rise to a future cash disbursement for their settlement.
q) Employee benefits
The Company has defined benefit pension plans for its subsidiaries Puerto Rico Telephone Company, Teléfonos de México, Claro S.A., and Telekom Austria. Claro S.A. also has medical plans and defined contribution plans and Telekom Austria provides retirement benefits to its employees under a defined contribution plan. The Company recognizes the costs of these plans based upon independent actuarial computations and are determined using the projected unit credit method. The latest actuarial computations were prepared as of December 31, 2022.
Mexico
Mexican subsidiaries have the obligation to pay seniority premiums to personnel based on the Mexican Federal Labor Law which also establishes the obligation to make certain payments to personnel who cease to provide services under certain circumstances. Pensions (for Telmex) and seniority premiums are determined based on the salary of employees in their final year of service, the number of years worked at and their age at the moment of retirement.
The costs of pensions, seniority premiums and severance benefits, are recognized based on calculations by independent actuaries using the projected unit credit method using financial hypotheses, net of inflation.
Telmex has established an irrevocable trust fund and makes annual contributions to that fund.
Puerto Rico
In Puerto Rico, the Company has noncontributing pension plans for full-time employees, which are tax qualified as they meet Employee Retirement Income Security Act of 1974 requirements.
The pension benefit is composed of two elements:
(i) An employee receives an annuity at retirement if they meet the rule of 85 (age at retirement plus accumulated years of service). The annuity is calculated by applying a percentage times year of services to the last three years of salary.
 
(ii) The second element is a lump-sum benefit based on years of service ranging from 9 to 12 months of salary. Health care and life insurance benefits are also provided to retirees under a separate plan (post-retirement benefits).
Brazil
Claro S.A. provides a defined benefit plan and post-retirement medical assistance plan, and a defined contribution plan, through a pension fund that supplements the government retirement benefit for certain employees.
Under the defined benefit plan, the Company makes monthly contributions to the pension fund equal to 17.5% of the employee’s aggregate salary. In addition, the Company contributes a percentage of the aggregate salary base for funding the post-retirement medical assistance plan for the employees who remain in the defined benefit plan. Each employee makes contributions to the pension fund based on age and salary. All newly hired employees automatically adhere to the defined contribution plan and no further admittance to the defined benefit plan is allowed. For the defined contribution plan. See Note 18.
Austria
Telekom Austria provides retirement benefits to its employees under defined contribution and defined benefit plans.
The Company pays contributions to publicly or privately administered pension or severance insurance plans on mandatory or contractual basis. Once the contributions have been paid, the Company has no further payment obligations. The regular contributions are recognized as employee expenses in the year in which they are due.
All other employee benefit obligations provided in Austria are unfunded defined benefit plans for which the Company records provisions which are calculated using the projected unit credit method. The future benefit obligations are measured using actuarial methods on the basis of an appropriate assessment of the discount rate, rate of employee turnover, rate of compensation increase and rate of increase in pensions.
For severance and pensions, the subsidiary recognizes actuarial gains and losses in other comprehensive income. The re-measurement of defined benefit plans relates to actuarial gains and losses only as Telekom Austria holds no plan assets. Interest expense related to employee benefit obligations is reported in “Valuation of derivatives, interests cost from labor obligation and other financial items, net” in the statements of comprehensive income.
Other subsidiaries
For the rest of the Company’s subsidiaries, there are no defined benefit plans or compulsory defined contribution structures. However, certain subsidiaries make contributions to national pension, social security and severance plans in accordance with the percentages and rates established by the applicable social security and labor laws of each country. Such contributions are made to the entities designated by the countries legislation and are recorded as direct labor expenses in the consolidated statements of comprehensive income as they are incurred.
Remeasurements of defined benefit plans, comprising of actuarial gains and losses, the effect of the asset ceiling, excluding net interest and the return on plan assets (excluding net interest), are recognized immediately in the consolidated statements of financial position with a corresponding debit or credit to “Remeasurement of defined benefit plan” through OCI in the period in which they occur.
Re-measurements
are not reclassified to profit or loss in subsequent periods.
Past service costs are recognized in profit or loss on the earlier of:
 
(i)
The date of the plan amendment or curtailment, and
 
(ii)
The date that the Company recognizes restructuring-related costs
 
Net interest on liability for defined benefits is calculated by applying the discount rate to the net defined benefit liability or asset and it is recognized in the “valuation of derivatives, interest cost from labor obligations and other financial items” in the consolidated statements of comprehensive income. The Company recognizes the changes in the net defined benefit obligation under “Cost of sales and services” and “Commercial, administrative and general expenses” in the consolidated statements of comprehensive income.
Paid absences
The Company recognizes a provision for the cost of paid absences, such as vacation time, based on the accrual method.
r) Employee profit sharing (“EPS”)
EPS is paid by certain subsidiaries of the Company to its eligible employees. The Company has employee profit sharing in Mexico, Ecuador and Peru. In Mexico, employee profit sharing is computed at the rate of 10% on the individual subsidiaries taxable base adjusted for employee profit sharing purposes as provided by law.
Employee profit sharing is presented as an operating expense in the consolidated statements of comprehensive income.
The amendment to the Federal Labor Law in Mexico dated April 23, 2021 established a limit on the amount to be paid for profit sharing to employees, which indicates that the amount of EPS assigned to each employee may not exceed the equivalent of three months of the employee’s current salary, or the average EPS received by the employee in the previous three years, whichever is greater. If the EPS determined is less than or equal to this limit, the EPS will be determined by applying 10% of the individual company taxable income. If the EPS determined exceeds this limit, the limit would apply and this should be considered the EPS for the period.
s) Taxes
Income taxes
Current income tax payable is presented as a short-term liability, net of prepayments made during the year.
Deferred income tax is determined using the liability method based on the temporary differences between the tax values of the assets and liabilities and their book values at the consolidated financial statements reporting date.
Deferred tax assets and liabilities are measured using the tax rates that are expected to be in effect in the period when the asset will materialize or the liability will be settled, based on the enacted tax rates (and tax legislation) that have been enacted or substantially enacted at the financial statements reporting date. The value of deferred tax assets is reviewed by the Company at each financial statement reporting date and is reduced to the extent that it is more likely that the Company will not have sufficient future tax profits to allow for the realization of all or a part of its deferred tax assets. Unrecognized deferred tax assets are revalued at each financial statement reporting date and are recognized when it is more likely that there will be sufficient future tax profits to allow for the realization of these assets.
Deferred taxes relating to items recognized in Other Comprehensive Income are recognized together with the concept that generated such deferred taxes. Deferred taxes consequence on unremitted earnings from subsidiaries and associates are considered as temporary differences, when the timing of the reversal of the temporary differences can be controlled and it is probable that the temporary differences will not reverse in the foreseeable future. Taxes withheld on remitted foreign earnings are creditable against Mexican taxes, thus to the extent that a remittance is to be made, the deferred tax would be limited to the incremental difference between the Mexican tax rate and the rate of the remitting country. As of December 31, 2021 and 2022, the Company has not provided for any deferred taxes related to unremitted foreign earnings.
 
The Company offsets tax assets and liabilities if it has a legally enforceable right to set off current tax assets and current tax liabilities and the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same tax authority.
Sales tax
Revenues, expenses and assets are recognized net of the amount of sales tax, except:
 
  •  
When the sales tax incurred on a purchase of assets or services is not recoverable from the taxation authority, in which case, the sales tax is recognized as part of the cost of acquisition of the asset or as part of the expense item, as applicable.
 
  •  
Receivables and payables that are stated with the amount of sales tax included.
The net amount of sales tax recoverable from, or payable to, the tax authorities is included as part of the current receivables or payables in the consolidated statements of financial position unless they are due in more than a year in which case they are classified as non-current.
Uncertainty over Income Tax Treatments
The acceptability of a particular tax treatment under tax law may not be known until the tax authority or courts of justice reach a decision in the future. Consequently, a dispute or inspection of a specific tax treatment by the tax authority could affect the accounting of the asset or liability for current or deferred taxes by the Company.
In accordance with IFRIC 23
Uncertainty over Income Tax Treatments
, the Company determines each uncertain tax treatment based on the approach that best predicts the resolution of the uncertainty.
To determine the approach that best predicts the resolution of the uncertainty, the Company may consider, for example:
(a) How does the Company prepare their income tax return and support such tax treatments and how it sustains the tax treatments
(b) How does the Company expect that the tax authority carry-out its inspection and resolve the issues that arise from the aforementioned inspection.
The Company must disclose in the notes to the consolidated financial statements what is mentioned below:
1) The Company must determine whether the uncertain tax treatments will be evaluated separately or as a whole;
2) The Company will assume that the authority will examine the tax situation and will be aware of considering all information relevant to said treatment;
3) If it is concluded that it is unlikely that the authority will accept an uncertain fiscal position, the effect of the uncertainty will be reflected when determining its accounting fiscal position, estimating the effect based on the following methods:
a) Most probable quantity – is the only quantity in a range of possible outcomes that can be predicted by the resolution of the uncertainty; either
b) Expected value – is the value resulting from the sum of the different amounts weighted by their probability of occurrence, in a range of possible results. The expected value is the one that can best predict the resolution of the uncertainty, if there is a range of possible outcomes.
 
4) If the uncertain tax treatment affects the tax base for tax (caused) and deferred tax, the Company must make consistent judgments and estimates in the determination of both taxes; and
5) The Company must reassess a judgment or estimate of an uncertain tax treatment and its effects, if the facts and circumstances on which they were initially based change, or if new information arises that affects the judgment or estimate. ´
The effects should be recognized as a change in an accounting estimate based on the provision of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors.
t) Advertising
Advertising expenses are recognized as incurred. For the years ended December 31, 2020, 2021 and 2022, advertising expenses were Ps. 10,405,228 , Ps. 11,118,723 and Ps. 12,676,350 respectively, and are presented in the consolidated statements of comprehensive income in the caption “Commercial, administrative and general expenses”.
u) Earnings per share
Basic and diluted earnings per share are determined by dividing net profit of the year by the weighted-average number of shares outstanding during the year. In determining the weighted average number of outstanding shares, shares repurchased by the Company have been excluded.
v) Financial risks
The main risks associated with the Company’s financial instruments are: (i) liquidity risk, (ii) market risk (foreign currency exchange risk and interest rate risk) and (iii) credit risk and counterparty risk. The Board of Directors approves the policies submitted by management to mitigate these risks.
i) Liquidity risk
Liquidity risk is the risk that the Company may not meet its financial obligations associated with financial instruments when they are due. The Company’s financial obligations and commitments are included in Notes 14 and 17.
ii) Market risk
The Company is exposed to certain market risks derived from changes in interest rates and fluctuations in exchange rates of foreign currencies. The Company’s debt is denominated in foreign currencies, mainly in US dollars and euros, other than its functional currency. In order to reduce the risks related to fluctuations in the exchange rate of foreign currency, the Company uses derivative financial instruments such as cross-currency swaps and forwards to adjust exposures resulting from foreign exchange currency. The Company does not use derivatives to hedge the exchange risk arising from having operations in different countries.
Additionally, the Company occasionally uses interest rate swaps to adjust its exposure to the variability of the interest rates or to reduce their financing costs. The Company’s practices vary from time to time depending on judgments about the level of risk, expectations of change in the movements of interest rates and the costs of using derivatives. The Company may terminate or modify a derivative financial instrument at any time. See Note 7 for disclosure of the fair value of derivatives as of December 31, 2021 and 2022.
 
iii) Credit risk
Credit risk represents the loss that could be recognized in case the counterparties fail to comply with their contractual obligations.
The financial instruments that potentially represent concentrations of credit risk are cash and short-term deposits, trade accounts receivable and financial instruments related to debt and derivatives. The Company’s policy is designed in order to limit its exposure to any one financial institution; therefore, the Company’s financial instruments are contracted with several different financial institutions located in different geographic regions.
The credit risk in accounts receivable is diversified because the Company has a broad customer base that is geographically dispersed. The Company continuously evaluates the credit conditions of its customers and generally does not require collateral to guarantee collection of its accounts receivable. The Company monitors on a monthly basis its collection cycle to avoid deterioration of its results of operations.
A portion of the Company’s cash surplus is invested in short- term deposits with financial institutions with high credit ratings.
iv) Sensitivity analysis for market risks
The Company uses sensitivity analysis to measure the potential losses based on a theoretical increase of 100 basis points in interest rates and a 5% fluctuation in exchange rates:
Interest rate
In the event that the Company’s agreed-upon interest rates at December 31, 2022 increase/decrease by 100
basis points and a 6.33% fluctuation in exchange rates between the Mexican Peso and US Dollar, the net interest expense would increase by
Ps.1,828,215 and (decrease) by Ps.(11,128,215), respectively.
Exchange rate fluctuations
Should the Company’s debt at December 31, 2022 of Ps. 510,589,480, if suffer a 5% increase/(decrease) in exchange rates, the debt would increase/(decrease) by Ps. 536,118,954 and Ps. (485,060,006), respectively.
w) Derivative financial instruments
Derivative financial instruments are recognized in the consolidated statements of financial position at fair value. Valuations obtained by the Company are compared against those of the financial institutions with which the agreements are entered into, and it is the Company’s policy to compare such fair value to a valuation provided by an independent pricing provider in case of discrepancies. Changes in the fair value of derivatives that do not qualify as hedging instruments are recognized immediately in the line “Valuation of derivatives, interest cost from labor obligations and other financial items, net”.
The Company is exposed to interest rate and foreign currency risks, which tries to mitigate through a controlled risk management program that includes the use of derivative financial instruments. The Company principally uses to attempt to offset the risk of exchange rate and interest rate fluctuations. Additionally, for the years ended December 31, 2020, 2021 and 2022 certain of the Company’s derivative financial instruments had been designated, and had qualified, as cash flow hedges. The effective portion of gains or losses on the cash flow derivatives is recognized in equity under the heading “Unrealized (loss) gain on equity investment at fair value”, and the ineffective portion is charged to results of operations of the period.
x) Current versus non-current classification
The Company presents assets and liabilities in its consolidated statements of financial position based on current/non-current classification.
 
An asset is current when it is either:
 
(i)
Expected to be realized or intended to be sold or consumed in the normal operating cycle.
 
(ii)
Held primarily for the purpose of trading.
 
(iii)
Expected to be realized within twelve months after the reporting period.
 
(iv)
Cash and cash equivalents unless restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period.
A liability is current when:
 
  •  
It is expected to be settled in the normal operating cycle.
 
  •  
It is held primarily for the purpose of trading.
 
  •  
It is due to be settled within twelve months after the reporting period.
 
  •  
There is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period.
The Company classifies all other assets and liabilities, including deferred income tax assets and liabilities, as non-current.
y) Presentation of consolidated statements of comprehensive income
The costs and expenses shown in the consolidated statements of comprehensive income are presented in combined manner (based on both their function and nature), which allows a better understanding of the components of the Company’s operating income. This classification allows a comparison to the telecommunications industry.
The Company presents operating income in its consolidated statements of comprehensive income since it is a key indicator of the Company’s performance. Operating income represents operating revenues less operating costs and expenses.
z) Operating segments
Segment information is presented based on information used by management in its decision-making processes. Segment information is presented based on the geographic areas in which the Company operates.
The management of the Company is responsible for making decisions regarding the resources to be allocated to the Company’s different segments, as well as evaluating the performance of each segment. Intersegment revenues and costs, intercompany balances as well as investments in shares in consolidated entities are eliminated upon consolidation and reflected in the “eliminations” column in Note 23.
None of the segment’s records revenue from transactions with a single external customer amounting to 10% or more of the revenues.
Aa) Convenience translation
The consolidated financial statements are stated in thousands of Mexican pesos (“Ps.”); however, solely for the convenience of the readers, the consolidated statement of financial position as of December 31, 2022 and the consolidated statement of comprehensive income and consolidated statement of cash flows for the year ended December 31, 2022 were converted into U.S. dollars at the exchange rate of Ps. 19.4143 per U.S. dollar, which was the exchange rate at that date. This arithmetic conversion should not be construed as representations that the amounts expressed in Mexican pesos may be converted into U.S. dollars at that or any other exchange rate.
 
Ab) Significant accounting judgments, estimates and assumptions
In preparing its consolidated financial statements, the Company makes estimates concerning a variety of matters. Some of these matters are highly uncertain, and its estimates involve judgments it makes based on the available information. In the discussion below, the Company has identified several of these matters for which its financial statements would be materially affected if either (1) the Company uses different estimates that it could have reasonably used or (2) in the future América Móvil changes its estimates in response to changes that are reasonably likely to occur.
The following discussion addresses only those estimates that the Company considers most important based on the degree of uncertainty and the likelihood of a material impact had it used a different estimate. There are many other areas in which the Company uses estimates about uncertain matters, but the reasonably likely effect of changed or different estimates is not material to the financial presentation for those other areas.
Estimated useful lives of property, plant and equipment
The Company currently depreciates most of its network infrastructure based on an estimated useful life determined upon the expected particular conditions of operation and maintenance in each of the countries in which it operates. The estimates are based on AMX’s historical experience with similar assets, anticipated technological changes and other factors, taking into account the practices of other telecommunications companies. The Company reviews estimated useful lives each year to determine, for each particular class of assets, whether they should be changed. The Company may shorten/extend the estimated useful life of an asset class in response to technological changes, changes in the market or other developments. This results in increased/decreased depreciation expense. See Note 10.
Revaluation of passive infrastructure of telecommunications towers
The Company recognizes the passive infrastructure of the telecommunication towers at fair value, recognizing the changes in OCI. The discounted cash flow model was used. The Company hired a valuation specialist with industry experience to measure fair values as of December 31, 2022
Impairment of Long-Lived Assets
The Company has large amounts of long-lived assets, including property, plant and equipment, intangible assets and goodwill on its consolidated statements of financial position. The Company is required to test long-lived assets for impairment when circumstances indicate a potential impairment or, in some cases, at least on an annual basis. The impairment analysis for long-lived assets requires the Company to estimate the recoverable amount of the asset, which is the higher of its fair value (minus any disposal costs) and its value in use. To estimate the fair value of a long-lived asset, the Company typically takes into account recent market transactions or, if no such transactions can be identified, the Company uses a valuation model that requires making certain assumptions and estimates. Similarly, to estimate the value in use of long-lived assets, the Company typically makes various assumptions about the future prospects for the business to which the asset relates, considers market factors specific to that business and estimates future cash flows to be generated by that business. Based on this impairment analysis, including all assumptions and estimates related thereto, as well as guidance provided by IFRS relating to the impairment of long-lived assets different assumptions and estimates could materially impact the Company’s reported financial results. More conservative assumptions of the anticipated future benefits from these businesses could result in impairment charges, which would decrease net income and result in lower asset values on the consolidated statements of financial position. Conversely, less conservative assumptions could result in smaller or no impairment charges, higher net income and higher asset values. The key assumptions used to determine the recoverable amount for the Company’s CGUs, are further explained in Notes 23, 10 and 11.
 
 
Deferred Income Taxes
The Company is required to estimate its income taxes in each of the jurisdictions in which it operates. This process involves the
jurisdiction-by-jurisdiction
estimation of actual current tax exposure and the assessment of temporary differences resulting from the differing treatment of certain items, such as accruals and amortization, for tax and financial reporting purposes, as well as net operating loss carry-forwards and other tax credits. These items result in deferred tax assets and liabilities as discussed in Note 2 s). The analysis is based on estimates of taxable income in the jurisdictions in which the Company operates and the period on which the deferred tax assets and liabilities will be recovered or settled. If actual results differ from these estimates, or the Company adjusts these estimates in future periods, its financial position and results of operations may be materially affected.
In assessing the future realization of deferred tax assets, the Company considers future taxable income, ongoing planning strategies and future results in its operations. In the event that the estimates of projected future taxable income are lowered, or changes in current tax regulations are enacted that would impose restrictions on the timing or extent of the ability to utilize the tax benefits of net operating loss carry-forwards in the future, an adjustment to the recorded amount of deferred tax assets would be made, with a related charge to income. See Note 13.
Accruals
Accruals are recorded when, at the end of the period, the Company has a present obligation as a result of past events, whose settlement requires an outflow of resources that is considered probable and can be measured reliably. This obligation may be legal or constructive, arising from, but not limited to, regulation, contracts, common practice or public commitments, which have created a valid expectation for third parties that the Company will assume certain responsibilities. The amount recorded is the best estimation performed by the Company’s management in respect of the disbursement that will be required to settle the obligations, considering all the information available at the date of the financial statements, including the opinion of external experts, such as legal advisors or consultants. Accruals are adjusted to account for changes in circumstances for ongoing matters and the establishment of additional accruals for new matters.
If the Company is unable to reliably measure the obligation, no accrual is recorded, and information is then presented in the notes to its consolidated financial statements. Because of the inherent uncertainties in these estimations, actual expenditures may be different from the originally estimated amount recognized. See Note 16.
The Company is subject to various claims and contingencies related to tax, labor and legal proceedings as described in Note 17b).
Labor Obligations
The Company recognizes liabilities on its consolidated statements of financial position and expenses in its statements of comprehensive income to reflect its obligations related to its post-retirement seniority premiums, pension and retirement plans in the countries in which it operates and offer defined contribution and benefit pension plans. The amounts the Company recognizes are determined on an actuarial basis that involves estimations and accounts for post-retirement and termination benefits.
The Company uses estimates in four specific areas that have a significant effect on these amounts: (i) the rate of return the Company assumes its pension plans will earn on its investments, (ii) the salaries increase rate that the Company assumes it will observe in future years, (iii) the discount rates that the Company uses to calculate the present value of its future obligations and (iv) the expected inflation rate. The assumptions applied are further disclosed in Note 18. These estimates are determined based on actuarial studies performed by independent experts using the projected unit-credit method.
 
Ac) Discontinued operations
a) Claro Panama Disposal
On September 15, 2021, the Company announced that it had entered into an agreement with Cable & Wireless Panama, S.A., an affiliate of Liberty Latin America to sell its 100% interest in its subsidiary Claro Panama. The transaction excludes the telecommunications towers that are owned indirectly by the Company in Panama and the Claro trademarks. The agreed purchase price was US$200 million, adjusted for net debt (cash/debt free basis). The closing of the transaction would be subject to customary conditions for this type of transaction, including obtaining regulatory authorizations. On July 1, 2022, the Company announced that it had completed the sale to Liberty Latin America of its 100% interest in Claro Panama.
The Company received an adjusted closing consideration of US$ 116.7 million in cash, resulting in a net gain of Ps. 3,405,014,
including a recycling income of accumulated foreign currency translation effect for an amount of Ps. 1,750,451. This gain has been recognized in profit after tax for the period from discontinued operations in the consolidated statement of comprehensive income. Therefore, Claro Panama is deconsolidated from the aforementioned date and no impairment loss was identified. 
In accordance with IFRS 5 Non-current Assets Held For Sale and Discontinued Operations, Claro Panama was classified as discontinued operation for all the years presented in these consolidated financial statements; consequently, the results are presented in the loss after tax for the period from discontinued operations in the consolidated statements of comprehensive income. Therefore, the comparative figures in the consolidated statements of comprehensive income have been restated in consequence.

The deconsolidated assets and liabilities of Claro Panama as of the date of disposal were the following:
 
 
  
As of July 1,
 
 
  
2022
 
Current assets:
         
Cash
   
Ps.
24,202
 
Account receivable to subscribers, distributors and others Net
   
 
666,114
 
Inventories, net
   
 
169,851
 
Other assets, net
   
 
4,457
 
    
 
 
  
Total current assets
   
 
864,624
 
Non-current
assets:
         
Property, plant and equipment
   
 
1,102,062
 
Intangibles, net
   
 
1,810,964
 
Account receivables to subscribers, distributors and others, Net
   
 
42,368
 
Other assets, net
   
 
12,291
 
Right-of-use
   
 
975,019
 
    
 
 
  
Total assets
   
Ps.
4,807,328
 
    
 
 
  
Short term liability related to
right-of-use
assets
   
Ps.
198,289
 
Accounts payable
   
 
576,522
 
Payable taxes
   
 
24,981
 
Related parties
   
 
1,159
 
Deferred income
   
 
126,904
 
Long term liability related to
right-of-use
assets
   
Ps.
855,969
 
Deferred income
   
 
129,062
 
    
 
 
  
Total liabilities
   
 
1,912,886
 
    
 
 
  
Net assets directly related to the Group’s disposal
   
Ps.
2,894,442
 
    
 
 
  
 
The results of discontinued operations for the year are shown below:
 
 
  
For the years ended December 31,
 
 
July 1
st
.
 
 
  
    2020    
 
 
    2021    
 
 
2022
 
Operative revenue:
                         
Revenue services
    Ps.  2,932,390     Ps.  2,667,497    
Ps.
 1,210,109
 
Sales of equipment
      317,802       394,534    
 
206,595
 
    
 
 
    
 
 
    
 
 
  
       3,250,192       3,062,031    
 
1,416,704
 
Total costs and expenses
      5,198,532       3,378,614    
 
1,403,311
 
    
 
 
    
 
 
    
 
 
  
Operating profit
      (1,948,340 )      (316,583 )   
 
13,393
 
Financial costs
      (117,300 )      (89,974 )   
 
(39,538
) 
Gain on sale of discontinued operations
      —         —      
 
3,405,014
 
Profit before income taxes of discontinued operations
      (2,065,640 )      (406,557 )   
 
3,378,869
 
Income taxes:
      14,713       5,297    
 
—  
 
    
 
 
    
 
 
    
 
 
  
Net profit of the period of discontinued operations
    Ps. (2,080,353 )    Ps. (411,854 )   
Ps.
3,378,869
 
    
 
 
    
 
 
    
 
 
  

b)
TracFone Disposal
On September 14, 2021, the Company, announced that it had entered into an agreement with Verizon Communications Inc. (“Verizon”) to sell its 100% interest in its subsidiary TracFone Wireless, Inc. (“TracFone”), the largest mobile virtual prepaid service operator in the United States, serving 21 million subscribers. On November 23, 2021, the Company announced that it had completed the sale of its 100% interest in TracFone to Verizon.
AMX received a closing consideration of US$3,625.7 million in cash, which includes US$500.7 million related to TracFone’s closing cash and working capital, customary adjustment and other adjustments, and
57,596,544
shares of Verizon stock valued at approximately US$2,968 million. Verizon has asserted post-closing claims under the adjustments and other provisions of this agreement, which may result in payments by the Company. Following the transaction closing, Verizon shall pay to AMX: (i) up to US$500 million as an earn-out if TracFone continues to achieve certain performance measures during the 24 months following the closing, calculated and paid in four consecutive six-month periods, and (ii) US$150 million deferred consideration payable within two years following the transaction closing. The earn-out was not recognized as gain by the Company, in accordance with IFRS 9 and 13 and IAS 37, since management does not believe the realization of income and the inflow of economic benefits are virtually certain.
TracFone was deconsolidated from that date resulting in a net gain of Ps. 106,527,287
 including the recycling of foreign currency exchange losses accumulated in equity. This gain has been recognized under profit after tax from discontinued operations in the consolidated statements of comprehensive income. Furthermore, no impairment loss was identified. Moreover, TracFone had identifiable operations and cash flows and represented a separate geographical area. Therefore, in accordance with IFRS 5, TracFone was classified as discontinued operations for all years presented in these consolidated financial statements; results are accordingly presented in the profit after tax from discontinued operations in the consolidated statements of comprehensive income. The consolidated statements of comprehensive income comparative figures have therefore been restated accordingly. 
All other notes to the consolidated financial statements include amounts for continuing operations, unless indicated otherwise.
 
Additionally, TracFone represented the U.S.A. segment until November 23, 2021. With TracFone being classified as discontinued operations, the U.S.A. segment is no longer presented in the segment note. The results of TracFone for the year are presented below:
 
   
For the years ended December 31
  
  2020     2021  
Operating revenues:
                
Service revenues
   Ps.  149,376,532     Ps.  130,091,540  
Sales of equipment
     27,802,837       22,160,481  
   
 
 
    
 
 
  
      177,179,369       152,252,021  
Total costs and expenses
     157,327,836       134,495,316  
   
 
 
    
 
 
  
Operating income
     19,851,533       17,756,705  
   
 
 
    
 
 
  
Financial cost
     (2,026 )      (1,733 ) 
Gain on disposal of discontinued operations
     —         132,821,709  
   
 
 
    
 
 
  
Profit before income tax discontinued operations
     19,849,507       150,576,681  
   
 
 
    
 
 
  
Tax expense:
                
Related to
pre-tax
profit from the ordinary activities for the period
     2,856,882       2,571,541  
Related to gain on disposal from discontinued operations
     —         26,294,422  
   
 
 
    
 
 
  
Net profit for the year from discontinued operations
   Ps. 16,992,625     Ps. 121,710,718  
   
 
 
    
 
 
  
The assets and liabilities deconsolidated on the date of the disposal were as follows:
 
 
  
November 23,
 
 
  
2021
 
Current assets
         
Cash
   
Ps.
338,439
 
Subscribers, distributors, recoverable taxes, contract assets and other net
   
 
12,368,407
 
Inventories, net
   
 
9,604,658
 
Other current assets, net
   
 
389,052
 
    
 
 
  
Total current assets
   
 
22,700,556
 
Non-current assets:
     
 
  
Property, plant and equipment
   
 
1,989,498
 
Intangibles, net
   
 
555,012
 
Goodwill
   
 
2,695,557
 
Deferred income taxes
   
 
1,094,756
 
Other assets, net
   
 
327,546
 
Rights of use
   
 
1,625
 
    
 
 
  
Total assets
   
Ps.
29,364,550
 
    
 
 
  
Short term liability related to right of use of assets
   
Ps.
1,625
 
Accounts payable
   
 
17,446,513
 
Income tax
   
 
3,267,585
 
Deferred revenue
   
 
13,187,667
 
    
 
 
  
Total liabilities
   
 
33,903,390
 
    
 
 
  
Net liability directly associated with disposal group
   
Ps.
(4,538,840
)
 
    
 
 
  

Furthermore, pursuant to the Stock Purchase Agreement, the Company agreed to indemnify Verizon against
pre-closing
tax matters. As of the closing, certain tax related matters had not been resolved, and Verizon has asserted post-closing claims under the adjustments and other provisions of this agreements, which may result in payments by us.
c) Joint Venture
On October 6, 2022, LLA and the Company announced that they completed the transaction to combine their operations in Chile (VTR and Claro Chile, respectively) in order to create a 50:50 joint venture called Claro Chile, SpA.
In accordance with IFRS 11, this transaction was classified as a joint venture, since both LLA and the Company exercise joint control over Claro Chile, SpA, and all relevant decisions require the consent of both parties. Consequently, in accordance with IFRS 5, Claro Chile’s operations are classified as discontinued operations for all the years that are presented in the consolidated financial information and from that date they are recognized by applying the equity method. See Note 12b.
The results of discontinued operations are as follows:

 
  
For the yearsended as of
December 31,
 
 
For the period
ended as of

October 6,
 
 
  
2020
 
 
2021
 
 
2022
 
Operative revenue:
                         
Revenue services
    Ps. 17,521,377     Ps. 17,276,464    
Ps.
10,500,087
 
Sales of equipment
      3,536,505       4,508,925    
 
2,626,823
 
    
 
 
    
 
 
    
 
 
  
       21,057,882       21,785,389    
 
13,126,910
 
Total costs and expenses
      22,418,969       22,892,415    
 
14,954,526
 
 
   
 
 
    
 
 
    
 
 
  
Operating profit
      (1,361,087 )      (1,107,026 )   
 
(1,827,616
) 
Financial costs
      (1,647,069 )      (533,899 )   
 
(685,129
) 
 
   
 
 
    
 
 
    
 
 
  
Profit before income taxes of discontinued operations
      (3,008,156 )      (1,640,925 )   
 
(2,512,745
) 
Income taxes:
      316,386       (4,578,004 )   
 
(1,805,500
) 
 
   
 
 
    
 
 
    
 
 
  
Net profit of the period of discontinued operations
    Ps. (3,324,542 )    Ps. 2,937,079    
Ps.
(707,245
) 
    
 
 
    
 
 
    
 
 
  
v3.23.1
Cash and Cash Equivalents
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Cash and Cash Equivalents
Note 3. Cash and Cash Equivalents
Cash and cash equivalents are comprised of short-term deposits with different financial institutions. Cash equivalents only include instruments with purchased maturity of less than three months. The amount includes the amount deposited, plus any interest earned.
v3.23.1
Equity and debt investments at fair value through OCI and other short/long-term investments
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Equity and debt investments at fair value through OCI and other short/long-term investments
Note 4. Equity and debt investments at fair value through OCI and other short/long-term investments
As of December 31, 2021 and 2022, equity investments at fair value through OCI and other short-term investments includes an equity investment in KPN for Ps. 56,087,598 and Ps. 44,371,166, respectively, other short-term investments for Ps. 15,026 in 2021, and an equity investment in Verizon for Ps. 61,600,578 and Ps. 44,056,945, respectively.
The investments in KPN, Verizon and others, are carried at fair value with changes in fair value being recognized through other comprehensive (loss) gain items (equity) in the Company’s consolidated statements of financial
 
position. As of December 31, 2021 and 2022, the Company has recognized in equity changes in fair value of Ps.
4,560,869
and Ps.
(4,707,276)
 respectively, net of deferred taxes.
As of December 31, 2022, the Company has recognized an income associated with the earn-out stipulated in the Verizon’s contract, in accordance with IFRS 9 and 13 and IAS 37, of Ps. 4,271,250, which are included within
 
“Valuation of derivatives, interest cost from labor obligations, and other financial items, net” in the consolidated statements of comprehensive income.
During the years ended December 31, 2020, 2021 and 2022, the Company received dividends from KPN for an amount of Ps. 2,119,668, Ps. 2,628,600 and Ps. 2,459,637, respectively, also for Verizon for an amount of Ps. 3,696,356 in December 31, 2022, which are included within “Valuation of derivatives, interest cost from labor obligations, and other financial items, net” in the consolidated statements of comprehensive income.
As of December 31, 2021 and 2022 long-term debt instrument at fair value through OCI for Ps. 6,894,757 and Ps. 6,981,149, respectively.
v3.23.1
Accounts receivable from subscribers, distributors, recoverable taxes contractual assets and other, net
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Accounts receivable from subscribers, distributors, recoverable taxes contractual assets and other, net
Note 5. Accounts receivable from subscribers, distributors, recoverable taxes contractual assets and other, net
a)
An analysis of accounts receivable by component at December 31, 2021 and 2022 is as follows:
 
 
  
At December 31,
 
 
  
2021
 
  
2022
 
Subscribers and distributors
   Ps. 157,433,609    
Ps.
154,659,093
 
Telecommunications carriers for network interconnection and other services
     3,968,675    
 
3,519,170
 
Recoverable taxes
     43,734,164    
 
46,947,187
 
Sundry debtors
     15,573,586    
 
16,528,588
 
Contract assets
     30,901,277    
 
28,573,717
 
Allowance of expected credit losses
     (41,835,826 )   
 
(42,079,056
) 
   
 
 
    
 
 
  
Total net
   Ps. 209,775,485    
Ps.
208,148,699
 
Non-current subscribers, distributors and contractual assets
     6,928,888    
 
8,724,497
 
   
 
 
    
 
 
  
Total current subscribers, distributors and contractual assets
   Ps. 202,846,597    
Ps.
199,424,202
 
   
 
 
    
 
 
  
b) Changes in the allowance of the expected credit losses is as follows:

 
  
For the years ended December 31,
 
 
  
(1)

2020
 
  
(1)

2021
 
  
2022
 
Balance at beginning of year
    Ps. (39,480,909 )     Ps. (44,551,735 )    
Ps.
(41,835,826
) 
Increases recorded in expenses 
(i)
      (18,450,821 )       (10,212,490 )    
 
(12,197,447
) 
Write-offs
      11,953,227        11,682,343     
 
9,162,382
 
Business combination
      (2,066 )       —       
 
—  
  
Translation effect
      1,428,834        1,246,056     
 
2,791,835
 
    
 
 
     
 
 
     
 
 
  
Balance at year end
    Ps. (44,551,735 )     Ps. (41,835,826 )    
Ps.
(42,079,056
) 
    
 
 
     
 
 
     
 
 
  
 
(1)
Restated by discontinued operations
i)
Includes discontinued operation of TracFone, Panama and Chile in joint venture. See note 2Ac.
 
c) The following table shows the aging of accounts receivable at December 31, 2021 and 2022, for subscribers and distributors:
 
   
Past due
  
   
Total
    
Unbilled services


provided
    
a-30 days
    
31-60 days
    
61-90 days
    
Greater than


90 days
  
December 31, 2021
   Ps. 157,433,609     Ps. 69,082,837     Ps. 35,694,272     Ps. 4,533,604     Ps. 2,645,034     Ps. 45,477,862  
December 31, 2022
  
Ps.
154,659,093
 
  
Ps.
66,839,514
 
  
Ps.
31,726,606
 
  
Ps.
4,099,261
 
  
Ps.
2,574,082
 
  
Ps.
49,419,630
 
d) The following table shows the accounts receivable from subscribers and distributors included in the allowance for expected credit losses of trade receivables, as of December 31, 2021 and 2022:

 
  
Total
  
1-90
days
  
Greater than

90 days
December 31, 2021
    Ps.41,835,826    Ps.4,183,583    Ps.37,652,243
December 31, 2022
   
Ps.42,079,056
   
Ps.4,207,906
   
Ps.37,871,150
e) An analysis of contract assets and liabilities at December 31, 2021 and 2022 is as follows:
 

 
  
2021
 
  
2022
 
Contract Assets:
                  
Balance at the beginning of the year
    Ps. 29,588,104     
Ps.
30,901,277
 
Additions
      31,758,626     
 
28,262,872
 
Business combination
      —       
 
404,489
 
Disposals
      (5,946,487 )    
 
(5,238,752
) 
Amortization
      (25,354,712 )    
 
(22,926,487
) 
Translation effect
      855,746     
 
(2,829,682
) 
    
 
 
     
 
 
  
Balance at the end of the year
    Ps. 30,901,277     
Ps.
28,573,717
 
Non-current contract assets
    Ps. 989,519     
Ps.
880,860
 
    
 
 
     
 
 
  
Current portion contracts assets
    Ps. 29,911,758     
Ps.
27,692,857
 
    
 
 
     
 
 
  
v3.23.1
Related Parties
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Related Parties
Note 6. Related Parties
a) The following is an analysis of the balances with related parties as of December 31, 2021 and 2022. All of the companies were considered affiliates of América Móvil since the Company’s principal shareholders are either direct or indirect shareholders in the related parties.
 
 
  
2021
 
  
2022
 
Accounts receivable:
                  
Sears Roebuck de México, S.A. de C.V. and Subsidiaries
    Ps. 339,366     
Ps.
260,584
 
Sitios Latinoamérica, S.A.B. de C.V.
      —       
 
1,460,897
 
Sanborns Hermanos, S.A.
      192,599     
 
124,157
 
Patrimonial Inbursa, S.A.
      145,676     
 
166,366
 
Grupo Condumex, S.A. de C.V. and Subsidiaries
      122,555     
 
31,857
 
Hubard y Bourlon, S.A. de C.V.
      52,026     
 
—  
  
Claroshop.com, S.A.P.I de C.V.
      40,906     
 
31,559
 
Other
      265,483     
 
211,793
 
    
 
 
     
 
 
  
Total
    Ps. 1,158,611     
Ps.
2,287,213
 
    
 
 
     
 
 
  
Accounts payable:
                  
Carso Infraestructura y Construcción, S.A. de C.V. and Subsidiaries
    Ps. 1,273,085     
Ps.
2,836,689
 
Grupo Condumex, S.A. de C.V. and Subsidiaries
      1,709,487     
 
2,036,371
 
Sitios Latinoamérica, S.A.B. de C.V.
      —       
 
960,244
 
Fianzas Guardiana Inbursa, S.A. de C.V.
      385,287     
 
437,428
 
Claroshop.com, S.A.P.I de C.V.
      247,081     
 
216,774
 
Grupo Financiero Inbursa, S.A.B. de C.V.
      102,314     
 
102,127
 
Seguros Inbursa, S.A. de C.V.
      113,089     
 
107,389
 
Sociedad Financiera Inbursa, S.A. de C.V.
      80,382     
 
13,058
 
PC Industrial, S.A. de C.V. and Subsidiaries
      4,761     
 
3,321
 
Enesa, S.A. de C.V. and Subsidiaries
      9,384     
 
3,854
 
Cicsa Perú, S.A.C.
      —       
 
256,344
 
Other
      292,012     
 
250,619
 
    
 
 
     
 
 
  
Total
    Ps. 4,216,882     
Ps.
7,224,218
 
    
 
 
     
 
 
  
For the years ended December 31, 2020, 2021 and 2022, the Company has not recorded any impairment of receivables in connection with amounts owed by related parties.
b) For the years ended December 31, 2020, 2021 and 2022, the Company conducted the following transactions with related parties:
 
     2020      2021     
2022
  
Capex and expenses:
                           
Construction services, purchases of materials, inventories and property, plant and equipment
 (i)
    Ps. 7,130,769      Ps. 13,524,989     
Ps.
13,107,483
 
Insurance premiums, fees paid for administrative and operating services, brokerage services and others
(ii)
      4,375,113        4,336,133     
 
3,490,596
 
Other services
(iii)
      1,101,528        1,636,402     
 
1,890,921
 
    
 
 
     
 
 
     
 
 
  
     Ps. 12,607,410      Ps. 19,497,524     
Ps.
18,489,000
 
    
 
 
     
 
 
     
 
 
  
Revenues:
                           
Service revenues
(iv)
    Ps. 608,248      Ps. 714,148     
Ps.
756,347
 
Sales of towers
(v)
      —          6,943,400     
 
3,323,594
 
Sales of equipment
      656,801        685,781     
 
1,153,439
 
    
 
 
     
 
 
     
 
 
  
     Ps. 1,265,049      Ps. 8,343,329     
Ps.
5,233,380
 
    
 
 
     
 
 
     
 
 
  
 
i)
In 2022, this amount includes Ps. 11,018,630 (Ps. 11,447,164 in 2021 and Ps. 5,312,845 in 2020) for network construction services and construction materials purchased from subsidiaries of Grupo Carso, S.A.B. de C.V. (Grupo Carso).
ii)
In 2022, this amount includes Ps. 117,321 (Ps. 121,728 in 2021 and Ps. 203,013 in 2020) for network maintenance services performed by Grupo Carso subsidiaries; Ps. 16,556 in 2022 (Ps. 50,730 in 2021, and Ps. 13,490 in 2020) for software services provided by an associate; Ps. 3,281,176 in 2022 (Ps. 3,814,995 in 2021 and Ps. 2,713,370 in 2020) for insurance premiums with Seguros Inbursa S.A. and Fianzas Guardiana Inbursa, S.A., which, in turn, places most of such insurance with reinsurers.
iii)
Includes tower rent payment with Telesites, S.A.B. de C.V. (Ps. 316,700 in 2022, and Ps. 19,300
in 2021) and rental payments to Sitios Latam.
iv)
Includes revenue of administrative services with Sitios Latam. Additionally includes other operations described in note 15.
v)
In November 2021, November 2022 and December 2022, Telmex through its subsidiaries sold towers to Telesites, S.A.B. de C.V. with a value of Ps. 6,943,400, Ps. 1,194,180 and Ps. 1,390,980 respectively. In addition, as of December 31, 2022, through our subsidiary in Peru, towers were sold to Sitios Latam. with a value of Ps. 738,434.
c) The aggregate compensation paid to the Company’s, directors (including compensation paid to members of the Audit and Corporate Practices Committee), and senior management in 2022 was approximately Ps. 5,900 and Ps. 96,900, respectively. None of the Company’s directors is a party to any contract with the Company or any of its subsidiaries that provides for benefits upon termination of employment. The Company does not provide pension, retirement or similar benefits to its directors in their capacity as directors. The Company’s executive officers are eligible for retirement and severance benefits required by Mexican law on the same terms as all other employees.
d) Österreichische Bundes- und Industriebeteiligungen GmbH (ÖBIB) is considered a related party due to it is a significant non-controlling shareholder in Telekom Austria. Through Telekom Austria, América Móvil is related to the Republic of Austria and its subsidiaries, which are mainly ÖBB Group, ASFINAG Group and Post Group as well as Rundfunk und Telekom Reguliegungs-GmbH, all of which these are related parties. In 2020, 2021 and 2022, none of the individual transactions associated with government agencies or government-owned entities of Austria were considered significant to América Móvil.
v3.23.1
Derivative Financial Instruments
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Derivative Financial Instruments
Note 7. Derivative Financial Instruments
To mitigate the risks of future increases in interest rates and foreign exchange rates for the servicing of its debt, the Company has entered into derivative contracts in over-the-counter transactions carried out with financial institutions. In 2022 the weighted-average interest rate of the total debt including the impact of interest rate derivatives held by the Company is 5.0% (3.1% and 3.5% in 2021 and 2020, respectively).
 
An analysis of the derivative financial instruments contracted by the Company at December 31, 2021 and 2022 is as follows:
 
   
At December 31,
  
   
2021
    
2022
  
Instrument
   Notional amount in
millions		     Fair Value    
Notional amount in
millions
    
Fair Value
  
Assets:
                                
Swaps US Dollar – Mexican Peso
   US$ 1,890     Ps. 6,881,943    
US$
140
 
  
Ps.
91,469
 
Swaps US Dollar – Euro
   US$ 150       307,646    
US$
800
 
  
 
1,845,832
 
Swaps Yen – US Dollar
   ¥ 6,500       119,325    
¥
6,500
 
  
 
101,409
 
Swaps Pound Sterling – US Dollar
   £ 100       99,463    
 
—  
 
  
 
—  
 
Forwards US Dollar – Mexican Peso
   US$ 2,080       321,864    
US$
100
 
  
 
6,636
 
Forwards Mexican Peso – US Dollar
   MX$ 35,419       1,635,087    
 
—  
 
  
 
—  
 
Forwards Brazilian Real – US Dollar
   BRL$ 2,480       127,131    
BRL$
2,899
 
  
 
225,933
 
Forwards Euro – US Dollar
     —         —      
€
509
 
  
 
331,401
 
Put option
   € 374       638,347    
 
—  
 
  
 
—  
 
           
 
 
            
 
 
  
Total Assets
     —       Ps. 10,130,806            
Ps.
2,602,680
 
           
 
 
            
 
 
  
   
   
At December 31,
  
   
2021
    
2022
  
Instrument
   Notional amount in
millions		     Fair Value    
Notional amount in
millions
    
Fair Value
  
Liabilities:
                                
Swaps US Dollar – Mexican Peso
     —         —      
US$
1,750
 
  
Ps.
(731,565
) 
Swaps US Dollar – Euro
   US$ 800     Ps. (1,270,005 )   
US$
150
 
  
 
(215,240
) 
Swaps Yen – US Dollar
   ¥ 6,500       (119,313 )   
¥
6,500
 
  
 
(230,843
) 
Swaps Pound Sterling – Euro
   £ 640       (1,924,941 )   
£
640
 
  
 
(2,070,175
) 
Swap Pound Sterling – US Dollar
   £ 1,460       (2,117,583 )   
£
1,560
 
  
 
(11,507,501
) 
Swaps Euro – US Dollar
   € 495       (528,298 )   
€
1,145
 
  
 
(3,474,154
) 
Swaps Euro – Mexican Peso
   € 750       (680,720 )   
€
750
 
  
 
(2,880,279
) 
Forwards US Dollar – Mexican Peso
   US$ 1,175       (286,937 )   
US$
1,945
 
  
 
(783,334
) 
Forwards Brazilian Real – US Dollar
   BRL$ 4,021       (234,822 )   
BRL$
2,763
 
  
 
(122,201
) 
Forwards Euro – US Dollar
   € 815       (1,122,641 )   
€
952
 
  
 
(915,854
) 
Forwards US Dollar – Euro
   US$ 8       (1,570 )   
 
—  
 
  
 
—  
 
Forwards Euro – Mexican Peso
   € 200       (22,182 )   
 
—  
 
  
 
—  
 
Put option
     —         —      
€
374
 
  
 
(368,364
) 
Call option
   € 2,097       (1,725,495 )   
€
2,097
 
  
 
(2,031,836
) 
           
 
 
            
 
 
  
Total Liabilities
     —       Ps .(10,034,508 )   
 
—  
 
  
Ps.
(25,331,346
) 
           
 
 
            
 
 
  
 
*
Totals may not sum due to rounding.
The changes in the fair value of these derivative financial instruments for the years ended December 31, 2020, 2021 and 2022 amounted to a gain (loss) of Ps. 12,378,193, Ps. (6,755,214) and Ps. (28,639,687),
respectively. Such amounts are included in the consolidated statements of comprehensive income as part of the caption “Valuation of derivatives interest cost from labor obligations and other financial items, net”. 
 
The maturities of the notional amount of the derivatives are as follows:
 
Instrument
   
Notional
amount in
millions
     
2023
     
2024
     
2025
     
2026
     
2027 Thereafter
  
Assets
                                                      
Swaps US Dollar – Mexican Peso
   
US$
 
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
140
 
Swaps Yen – US Dollar
   
¥
  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
6,500
 
Swaps US Dollar – Euro
   
US$
 
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
800
 
Forwards US Dollar – Mexican Peso
   
US$
 
 
   
 
100
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
Forwards Brazilian Real – US Dollar
   
BRL$
 
 
   
 
2,899
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
Forwards Euro – US Dollar
   
€
  
 
   
 
509
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
Liabilities
                                                      
Swaps US Dollar – Mexican Peso
   
US$
 
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
1,750
 
Swaps US Dollar – Euro
   
US$
 
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
150
 
Swaps Euro – US Dollar
   
€
  
 
   
 
320
 
   
 
175
 
   
 
—  
 
   
 
—  
 
   
 
650
 
Swaps Euro – Mexican Peso
   
US$
 
 
   
 
750
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
Swaps Yen – US Dollar
   
¥
  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
6,500
 
Swaps Sterling Pound – Euro
   
£
  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
390
 
   
 
250
 
Swap Sterling Pound – US Dollar
   
£
  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
110
 
   
 
1,450
 
Forwards US Dollar – Mexican Peso
   
US$
 
 
   
 
1,945
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
Forwards US Dollar – Euro
   
US$
 
 
   
 
890
 
   
 
62
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
Forwards Brazilian Real – US Dollar
   
BRL$
         
 
   
 
2,763
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
Put option
   
€
  
 
   
 
374
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
Call Option
   
€
  
 
   
 
—  
 
   
 
2,097
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
v3.23.1
Inventories, net
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Inventories, net
Note 8. Inventories, net
An analysis of inventories at December 31, 2021 and 2022 is as follows:

 
  
2021
 
 
2022
 
Mobile phones, accessories, computers, TVs, cards and other materials
      Ps. 26,131,521    
 
Ps. 26,311,415
 
Less: Reserve for obsolete and slow-moving inventories
      (1,946,211 )   
 
(2,316,282
) 
    
 
 
    
 
 
  
Total
      Ps. 24,185,310    
 
Ps. 23,995,133
 
    
 
 
    
 
 
  
For the years ended December 31, 2020, 2021 and 2022, the cost of inventories recognized in cost of sales was Ps. 111,186,855, Ps. 117,613,669 and Ps. 115,022,007 respectively.
v3.23.1
Other assets, net
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Other assets, net
Note 9. Other assets, net
An analysis of other assets at December 31, 2021 and 2022 is as follows:

    
2021
     
2022
  
Current portion:
                  
Advances to suppliers (different from PP&E and inventories)
    Ps. 7,474,932     
Ps.
8,247,735
 
Prepaid insurance
      1,749,589     
 
1,988,713
 
Other
      227,731     
 
328,974
 
    
 
 
     
 
 
  
     Ps. 9,452,252     
Ps.
10,565,422
 
    
 
 
     
 
 
  
 
 
 
 
 
 
 
 
  
2021
 
  
2022
 
Non-current portion:
  
 
 
 
  
 
 
 
     
Recoverable taxes
    Ps.  11,689,094     
Ps.
9,363,682
 
Prepayments for the use of fiber optics
      3,783,496     
 
3,424,850
 
Judicial Deposits 
(1)
      14,583,504     
 
16,309,977
 
Prepaid expenses
      9,899,996     
 
10,483,113
 
    
 
 
     
 
 
  
Total
    Ps. 39,956,090     
Ps.
39,581,622
 
    
 
 
     
 
 
  
For the years ended December 31, 2020, 2021 and 2022, amortization expense for other assets was Ps. 204,717 Ps. 442,098 and Ps.215,529, respectively.
 
(1)
Judicial deposits represent cash and cash equivalents pledged in order to fulfill the collateral requirements for tax contingencies mainly in Brazil. As of December 31, 2021 and 2022, the amount for these deposits is Ps. 14,583,504 and Ps. 16,309,977 respectively for Brazil. Based on its evaluation of the underlying contingencies, the Company believes that such amounts are recoverable. See Note 17 b).
v3.23.1
Property, Plant and Equipment, Net
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Property, Plant and Equipment, Net
Note 10. Property, Plant and Equipment, net
a)
An analysis of activity in property, plant and equipment, net for the years, 2020, 2021 and 2022 is as follows:

 
 
At December 31,

2019
 
 
Additions
 
 
Retirements
 
 
Business

combinations
 
 
Revaluation
adjustments
 
 
Transfers
 
 
Effect of
translation of
foreign
subsidiaries and
hyperinflation
adjustment
 
 
Depreciation
for
the year
(3)
 
 
At December 31,
2020
 
Cost
                                                      
Network in operation and equipment
   Ps. 990,673,603     Ps. 90,387,449     Ps. (19,574,391 )    Ps. 996,974     Ps. 107,152,628     Ps. (62,050,212 )    Ps. (49,993,808 )    Ps. —       Ps. 1,057,592,243  
Land and buildings
     50,801,253       570,062       (2,853,037 )      —         —         —         369,300       —         48,887,578  
Other assets
     162,340,564       17,474,218       (14,454,598 )      55,848       —         —         (8,393,187 )      —         157,022,845  
Construction in process and advances plant suppliers 
(1)
     81,539,174       59,635,316       (68,661,847 )      1,099       —         —         (5,011,829 )      —         67,501,913  
Spare parts for operation of the network
     34,233,093       30,721,413       (37,829,818 )      —         —         —         (2,328,430 )      —         24,796,258  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total
     1,319,587,687       198,788,458       (143,373,691 )      1,053,921       107,152,628       ( 62,050,212 )      (65,357,954 )      —         1,355,800,837  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Accumulated depreciation
                                                                        
Network in operation and equipment
     580,370,101       —         (25,726,856 )      —         —         (62,050,212 )
(2)
 		     (50,897,558 )      89,571,831       531,267,306  
Buildings
     9,467,308       —         (1,663,796 )      —         —         —         (622,253 )      1,906,140       9,087,399  
Other assets
     90,332,191       —         (9,317,821 )      —         —         —         (5,120,175 )      16,549,822       92,444,017  
Spare parts for operation of the network
     74,717       —         (176,131 )      —         —         —         38,898       135,000       72,484  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total
   Ps. 680,244,317     Ps. —       Ps. (36,884,604 )    Ps. —       Ps. —       Ps. (62,050,212 )    Ps. (56,601,088 )    Ps. 108,162,793     Ps. 632,871,206  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net Cost
   Ps. 639,343,370     Ps. 198,788,458     Ps. (106,489,087 )    Ps. 1,053,921     Ps. 107,152,628     Ps. —       Ps. (8,756,866 )    Ps. (108,162,793 )    Ps. 722,929,631  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
(1)
Construction in progress includes fixed and mobile network facilities as well as satellite developments and fiber optic which is in the process of being installed
(2)
This transfer
in
2020 relates to the accumulated depreciation as at the revaluation date that was eliminated against the gross carrying amount of the revalued asset.
 
(3)
Restated for discontinued operations 
 
 
  
At December
31,

2020
 
  
Additions
 
  
Retirements
(2)
 
  
Transfers
 
 
Effect of
translation of
foreign
subsidiaries and
hyperinflation
adjustment
 
 
Depreciation
for
the year
(3)
 
 
At December 31,
2021
 
Cost
  
 
 
  
 
 
  
 
 
  
 
 
 
 
 
 
 
 
 
 
 
Network in operation and equipment
   Ps. 1,057,592,243     Ps. 89,696,150     Ps. (45,044,049 )    Ps. 53,531,590  
 
Ps.
 (44,061,097 )    Ps. —       Ps. 1,111,714,837  
Land and buildings
     48,887,578       784,460       (473,785 )      38,250  
 
 
 (1,216,894 )      —         48,019,609  
Other assets
     157,022,845       10,782,903       (11,994,756 )     (1,800,756 )
 
 
 (1,870,104 )      —         152,140,132  
Construction in process and advances plant suppliers 
(1)
     67,501,913       83,366,813       (47,178,796 )     (38,944,421 )
 
 
 (1,420,843 )      —         63,324,666  
Spare parts for operation of the network
     24,796,258       46,909,494       (23,108,928 )     (13,824,767 )
 
 
 (974,011 )      —         33,798,046  
   
 
 
    
 
 
    
 
 
    
 
 
  
 
 
 
    
 
 
    
 
 
  
Total
     1,355,800,837       231,539,820       (127,800,314 )     (1,000,104 )
 
 
 (49,542,949 )      —         1,408,997,290  
   
 
 
    
 
 
    
 
 
    
 
 
  
 
 
 
    
 
 
    
 
 
  
Accumulated depreciation
                                
 
 
                    
Network in operation and equipment
     531,267,306       —         (24,322,904 )     638,066  
 
 
 (29,767,613 )      96,857,203       574,672,058  
Buildings
     9,087,399       —         (219,030 )     (221,937 )
 
 
 (667,957 )      1,871,028       9,849,503  
Other assets
     92,444,017       —         (10,522,319 )     549,855  
 
 
 (1,879,241 )      12,667,367       93,259,679  
Spare parts for operation of the network
     72,484       —         (92,421 )     —    
 
 
 (26,823 )      66,131       19,371  
   
 
 
    
 
 
    
 
 
    
 
 
  
 
 
 
    
 
 
    
 
 
  
Total
   Ps. 632,871,206     Ps. —       Ps. (35,156,674 )    Ps. 965,984  
 
Ps.
 (32,341,634 )    Ps. 111,461,729     Ps. 677,800,611  
   
 
 
    
 
 
    
 
 
    
 
 
  
 
 
 
    
 
 
    
 
 
  
Net Cost
   Ps. 722,929,631     Ps. 231,539,820     Ps. (92,643,640 )    Ps. (1,966,088 ) 
 
Ps.
 (17,201,315 )    Ps. (111,461,729 )    Ps. 731,196,679  
   
 
 
    
 
 
    
 
 
    
 
 
  
 
 
 
    
 
 
    
 
 
  

(1)
Construction in progress includes fixed and mobile network facilities as well as satellite developments and fiber optic which is in the process of being installed 
(2)
Includes disposals related to the sale of TracFone. See Note 2Ac.
(3)
Restated for discontinued operations

 
 
At December 31
2021
 
 
Additions
 
 
Retirements 
(2)
 
 
Business

combinations 
(3)
 
 
Revaluation
adjustments 
(5)
 
 
Transfer
 
 
Incorporation
(merger, spin-
off, sale) 
(4)
 
 
Effect of
translation of
foreign
subsidiaries and
hyperinflation
adjustment
 
 
Depreciation
for
the year
 
 
At
December 31,
2022
 
Cost
                                                                                
Network in operation and equipment
  
Ps
.
1,111,714,837
 
  
Ps
.
56,307,013
 
  
Ps
.
(64,315,475
) 
  
Ps
.
1,415,252
 
  
Ps
.
(55,639,215
) 
  
Ps
.
63,171,840
 
  
Ps
.
(18,399,253
) 
  
Ps
.
(68,236,057
) 
  
Ps
.
—  
 
  
Ps
.
1,026,018,942
 
Land and buildings
  
 
48,019,609
 
  
 
596,165
 
  
 
(2,021,550
) 
                  
 
737,667
 
  
 
—  
 
  
 
(3,577,615
) 
          
 
43,754,276
 
Other assets
  
 
152,140,132
 
  
 
12,325,614
 
  
 
(13,642,510
) 
  
 
23,723
 
          
 
559,935
 
  
 
(698,522
) 
  
 
(5,468,249
) 
          
 
145,240,123
 
Construction in process and advances plant suppliers
 (1)
  
 
63,324,666
 
  
 
96,511,498
 
  
 
(49,559,746
) 
  
 
36,707
 
          
 
(48,393,706
) 
  
 
(72,194
) 
  
 
(2,027,587
) 
          
 
59,819,638
 
Spare parts for operation of the network
  
 
33,798,046
 
  
 
61,327,596
 
  
 
(30,957,726
) 
                  
 
(19,923,388
) 
  
 
(6,995
) 
  
 
(1,879,058
) 
          
 
42,358,475
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total
  
Ps
.
1,408,997,290
 
  
Ps
.
227,067,886
 
  
Ps
.
(160,497,007
) 
  
Ps
.
1,475,682
 
  
Ps
.
(55,639,215
) 
  
Ps
.
(3,847,652
) 
  
Ps
.
(19,176,964
) 
  
Ps
.
(81,188,566
) 
  
Ps
.
—  
 
  
Ps
.
1,317,191,454
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Accumulated depreciation
                                                                                
Network in operation and equipment
  
Ps
.
574,672,058
 
  
Ps
.
—  
 
  
Ps
.
(52,703,338
) 
  
Ps
.
—  
 
  
Ps
.
(4,098,583
) 
  
Ps
.
(71,627
) 
  
Ps
.
4,827,813
 
  
Ps
.
(52,313,781
) 
  
Ps
.
95,577,534
 
  
Ps
.
565,890,076
 
Buildings
  
 
9,849,503
 
          
 
(622,956
) 
                  
 
47,578
 
  
 
( 219,174
 )
 
  
 
(2,356,617
) 
  
 
1,701,274
 
  
 
8,399,608
 
Other assets
  
 
93,259,679
 
          
 
(9,711,246
) 
                  
 
298,060
 
  
 
(8,940,398
) 
  
 
(3,146,276
) 
  
 
13,814,586
 
  
 
85,574,405
 
Spare parts for the operation of the network
  
 
19,371
 
          
 
(115,552
) 
                          
 
6,717
 
  
 
(84,295
) 
  
 
274,914
 
  
 
101,155
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total
  
Ps
.
677,800,611
 
  
Ps
.
—  
 
  
Ps
.
(63,153,092
) 
  
Ps
.
—  
 
  
Ps
.
(4,098,583
) 
  
Ps
.
274,011
 
  
Ps
.
(4,325,042
) 
  
Ps
.
(57,900,969
) 
  
Ps
.
111,368,308
 
  
Ps
.
659,965,244
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net Cost
  
Ps
.
731,196,679
 
  
Ps
.
227,067,886
 
  
Ps
.
(97,343,915
) 
  
Ps
.
1,475,682
 
  
Ps
.
(51,540,632
) 
  
Ps
.
(4,121,663
) 
  
Ps
.
(14,851,922
) 
  
Ps
.
(23,287,597
) 
  
Ps
.
(111,368,308
) 
  
Ps
.
657,226,210
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
(1)
Construction in progress includes fixed and mobile network facilities as well as satellite developments and fiber optic which is in the process of being installed.
(2)
Includes disposals of Chile’s separation process as a result of the Claro Chile, SpA joint venture. See Note 12b. Also includes disposals related to the sale of Claro Panama. See Note 2Ac and disposals related to the
partial
sale Claro Peru’s towers to Sitios Latam as of December 31, 2022.
(3)
“Business Combination” includes the acquisition of Assets of Grupo Oi, Jonava and Ustore, in Brazil. See Note 12a.
(4)
“Incorporation (merger, spin-off, sale)” includes disposals associated as spin-off of assets to Sitios Latam described in Note 12d.
 
(5)
¨Revaluation adjustments” include the surplus associated with the 29,090
telecommunications towers, for an amount of $50,880,804 that was transferred as part of the spin-off of assets to Sitios Latam described in Note 12d.
The completion period of construction in progress is variable and depends upon the type of plant and equipment under construction.
b) Revaluation of telecommunications towers
The fair value of the passive infrastructure of telecommunications towers was determined using the “income approach” method through a discounted cash flow model (DCF) where, among others, inputs such as average rents per tower were used, contract term and discount rates considering market information.
As of December 31, 2020 , date of the revaluation, the fair value of the passive infrastructure of the telecommunications towers was determined by a valuation specialist with experience in the industry. The change in revaluation was not material for recognition in 2021 and 2022.
c) Relevant information related to the computation
of
the capitalized borrowing costs is as follows:


 
  
Year ended December 31,
 
 
  
2020
 
  
2021
 
  
2022
 
Amount invested in the acquisition of qualifying assets
      Ps. 46,528,232        Ps. 38,573,605       
Ps. 30,161,647
 
Capitalized interest
      1,771,613        1,527,259     
 
1,514,654
 
Capitalization rate
      3.8%        4.0%     
 
5.0%
 
Capitalized interest is being amortized over a period of estimated useful life of the related assets.
v3.23.1
Intangible assets, net and goodwill
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Intangible assets, net and goodwill
Note 11. Intangible assets, net and goodwill
a)
An analysis of intangible assets at December 31, 2020, 2021 and 2022 is as follows:

 
  
For the year ended December 31, 2020
 
 
  
Balance at
beginning of
year
 
 
Acquisitions
 
  
Acquisitions
in business
combinations
 
 
Disposals and
other
 
 
Amortization
of the year
(1)
 
 
Effect of
translation of
foreign
subsidiaries
and
Hyperinflation
adjustment
 
 
Balance at end
of year
 
Licenses and rights of use
   Ps. 246,100,862     Ps. 15,079,714     Ps. 4,436,313     Ps. 1,502,981     Ps. —       Ps. (14,029,709 )    Ps. 253,090,161  
Accumulated amortization
     (134,667,883 )      —         —         (165,803 )      (14,002,802 )      14,227,424       (134,609,064 ) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
     111,432,979       15,079,714       4,436,313       1,337,178       (14,002,802 )      197,715       118,481,097  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Trademarks
     27,419,008       162,309       12,110       4,000       —         1,534,938       29,132,365  
Accumulated amortization
     (23,930,299 )      —         —         (136,028 )      (168,975 )      (1,119,645 )      (25,354,947 ) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
     3,488,709       162,309       12,110       (132,028 )      (168,975 )      415,293       3,777,418  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Customer relationships
     22,875,011       1,935       2,689,718       (5,763 )      —         4,018,365       29,579,266  
Accumulated amortization
     (19,775,630 )      —         —         (845,089 )      (808,293 )      (3,996,593 )      (25,425,605 ) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
     3,099,381       1,935       2,689,718       (850,852 )      (808,293 )      21,772       4,153,661  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Software licenses
     13,104,110       2,445,784       36       (2,485,429 )      —         4,236,645       17,301,146  
Accumulated amortization
     (8,000,743 )      —         —         2,013,617       (2,667,870 )      (3,578,452 )      (12,233,448 ) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
     5,103,367       2,445,784       36       (471,812 )      (2,667,870 )      658,193       5,067,698  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Content rights
     10,160,182       1,570,415       —         (313,942 )      —         619,657       12,036,312  
Accumulated amortization
     (8,115,229 )      —         —         —         (1,440,749 )      (503,241 )      (10,059,219 ) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
     2,044,953       1,570,415       —         (313,942 )      (1,440,749 )      116,416       1,977,093  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total of intangibles, net
   Ps. 125,169,389     Ps. 19,260,157     Ps. 7,138,177     Ps. (431,456 )    Ps. (19,088,689 )    Ps. 1,409,389     Ps. 133,456,967  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Goodwill
   Ps. 152,899,801     Ps. —       Ps. (7,014,120
)
(2)
   Ps. (537,343 )    Ps. —       Ps. (2,295,479 )    Ps. 143,052,859  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
(1)
Restated for discontinued operations of TracFone, Panama and the Claro Chile, SpA joint venture. See Note 2Ac.
(2)
Corresponds to adjustments in Purchase Price allocation values, mainly for the spectrum licenses, in subsidiaries acquired during 2019.

 
  
For the year ended December 31, 2021
 
 
  
Balance at
beginning of
year
 
 
Acquisitions
 
 
Disposals and
other
(1)
 
 
Amortization
of the year
(2)
 
 
Effect of
translation of
foreign
subsidiaries
and
Hyperinflation
adjustment
 
 
Balance at end
of year
 
Licenses and rights of use
    Ps. 253,090,161     Ps. 24,406,905     Ps. (4,427,685 )    Ps. —       Ps. (7,011,691 )    Ps. 266,057,690  
Accumulated amortization
      (134,609,064 )      —         6,469,128       (14,387,511 )      6,737,502       (135,789,945 ) 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
      118,481,097       24,406,905       2,041,443       (14,387,511 )      (274,189 )      130,267,745  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Trademarks
      29,132,365       75,100       (1,129,666 )      —         (401,946 )      27,675,853  
Accumulated amortization
      (25,354,947 )      —         802,717       (140,205 )      308,745       (24,383,690 ) 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
      3,777,418       75,100       (326,949 )      (140,205 )      (93,201 )      3,292,163  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Customer relationships
      29,579,266       229,936       (4,133,408 )      —         (1,105,668 )      24,570,126  
Accumulated amortization
      (25,425,605 )      —         3,830,742       (707,500 )      1,093,401       (21,208,962 ) 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
      4,153,661       229,936       (302,666 )      (707,500 )      (12,267 )      3,361,164  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Software licenses
      17,301,146       2,660,330       (3,484,755 )      —         (1,225,585 )      15,251,136  
Accumulated amortization
      (12,233,448 )      (626 )      3,482,440       (2,738,978 )      1,052,938       (10,437,674 ) 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
      5,067,698       2,659,704       (2,315 )      (2,738,978 )      (172,647 )      4,813,462  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Content rights
      12,036,312       818,436       (281,747 )      —         429,319       13,002,320  
Accumulated amortization
      (10,059,219 )      —         (147,668 )      (899,666 )      (404,537 )      (11,511,090 ) 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
      1,977,093       818,436       (429,415 )      (899,666 )      24,782       1,491,230  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total of intangibles, net
    Ps. 133,456,967     Ps. 28,190,081     Ps. 980,098     Ps. (18,873,860 )    Ps. (527,522 )    Ps. 143,225,764  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Goodwill
    Ps. 143,052,859     Ps. —       Ps. (3,516,287 )    Ps. —       Ps. (2,958,378 )    Ps. 136,578,194  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  

(1)
Includes disposals related to the sale of TracFone.
(2)
Restated by discontinued operations of Panama and the Claro Chile, SpA joint venture. See Note 2. Ac.

 
 
For the year ended December 31, 2022
 
 
 
Balance at
beginning of
year
 
 
Acquisitions
 
 
Acquisitions
in business
combinations
 
 
Disposals and
other 
(1)
 
 
Amortization
of the year 
(2)
 
 
Effect of
translation of
foreign
subsidiaries
and
Hyperinflation
adjustment
 
 
Balance at end
of year
 
Licenses and rights of use
  
Ps.
266,057,690
 
  
Ps.
2,656,914
 
  
Ps.
95,147
 
  
Ps.
(1,785,196
) 
  
Ps.
—  
    
Ps.
(11,475,085
) 
  
Ps.
255,549,470
 
Accumulated amortization
  
 
(135,789,945
) 
  
 
—  
 
  
 
—  
 
  
 
1,436,078
 
  
 
(13,323,410
) 
  
 
5,252,171
 
  
 
(142,425,106
) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
  
 
130,267,745
 
  
 
2,656,914
 
  
 
95,147
 
  
 
(349,118
) 
  
 
(13,323,410
) 
  
 
(6,222,914
) 
  
 
113,124,364
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Trademarks
  
 
27,675,853
 
  
 
183,631
 
  
 
40,412
 
  
 
(66,000
) 
  
 
—  
 
  
 
(1,366,541
) 
  
 
26,467,355
 
Accumulated amortization
  
 
(24,383,690
) 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
(110,974
) 
  
 
1,041,866
 
  
 
(23,452,798
) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
  
 
3,292,163
 
  
 
183,631
 
  
 
40,412
 
  
 
(66,000
) 
  
 
(110,974
) 
  
 
(324,675
) 
  
 
3,014,557
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Customer relationships
  
 
24,570,126
 
  
 
22,842
 
  
 
2,863,765
 
  
 
—  
 
  
 
—  
 
  
 
(3,267,041
) 
  
 
24,189,692
 
Accumulated amortization
  
 
(21,208,962
) 
  
 
—  
 
  
 
—  
 
  
 
(18
) 
  
 
(954,256
) 
  
 
2,831,217
 
  
 
(19,332,019
) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
  
 
3,361,164
 
  
 
22,842
 
  
 
2,863,765
 
  
 
(18
) 
  
 
(954,256
) 
  
 
(435,824
) 
  
 
4,857,673
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Software licenses
  
 
15,251,136
 
  
 
5,108,485
 
  
 
14,205
 
  
 
(797,084
) 
  
 
—  
 
  
 
(3,358,767
) 
  
 
16,217,975
 
Accumulated amortization
  
 
(10,437,674
) 
  
 
—  
 
  
 
—  
 
  
 
976,417
 
  
 
(2,645,400
) 
  
 
2,591,274
 
  
 
(9,515,383
) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
  
 
4,813,462
 
  
 
5,108,485
 
  
 
14,205
 
  
 
179,333
 
  
 
(2,645,400
) 
  
 
(767,493
) 
  
 
6,702,592
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Content rights
  
 
13,002,320
 
  
 
874,961
 
  
 
—  
 
  
 
(263,798
) 
  
 
—  
 
  
 
(830,079
) 
  
 
12,783,404
 
Accumulated amortization
  
 
(11,511,090
) 
  
 
—  
 
  
 
—  
 
  
 
3,382
 
  
 
(881,352
) 
  
 
799,892
 
  
 
(11,589,168
) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
  
 
1,491,230
 
  
 
874,961
 
  
 
—  
 
  
 
(260,416
) 
  
 
(881,352
) 
  
 
(30,187
) 
  
 
1,194,236
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total of intangibles, net
  
Ps.
143,225,764
 
  
Ps.
8,846,833
 
  
Ps.
3,013,529
 
  
Ps.
(496,219
) 
  
Ps.
(17,915,392
) 
  
Ps.
(7,781,093
) 
  
Ps.
128,893,422
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Goodwill
  
Ps.
136,578,194
 
  
Ps.
14,447,186
 
  
Ps.
280,192
 
  
Ps.
(2,230,610
) 
  
Ps.
(149,696)
    
Ps.
(7,803,901
) 
  
Ps.
141,121,365
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
(1)
Includes the transaction related to Panama and Chile disposal.
(2)
Includes the discontinued operations of Panama and the Claro Chile, SpA joint venture. See Note 2, Ac.
 
b) The aggregate carrying amount of goodwill is allocated as follows:
 
 
  
2021
 
  
2022
 
Europe
      Ps.  52,307,190     
 
Ps.  49,465,916
 
Brazil
(1)
      18,017,916     
 
31,085,202
 
Puerto Rico
      17,463,394     
 
17,463,394
 
Dominican Republic
      14,186,723     
 
14,186,723
 
Colombia
      11,685,585     
 
8,495,090
 
Mexico
      10,164,814     
 
9,233,694
 
Peru
      2,532,770     
 
2,523,467
 
Chile
(2)
      2,311,239     
 
—  
 
El Salvador
      2,510,595     
 
2,522,768
 
Ecuador
      2,155,384     
 
2,155,384
 
Guatemala
      1,947,203     
 
2,245,161
 
Other countries
      1,295,381     
 
1,744,566
 
    
 
 
     
 
 
  
       Ps.136,578,194     
 
Ps.141,121,365
 
    
 
 
     
 
 
  

(1)
Includes a goodwill as a result of the Jonava acquisition. See Note 12a.
(2)
As a result of the Claro Chile, SpA joint venture, goodwill in Chile was unconsolidated. See Note 12b.
c) The following is a description of the major changes in the “Licenses and rights of use” caption during the years ended December 31, 2020, 2021 and 2022:
2020 Acquisitions
i) In February 2020, Comcel increased its licenses value by Ps. 
9,246,825
for an auction of the
30
Mhz spectrum in the
2,500
band for a period of
20
years in accordance with resolution. 325,326 and 327 of February 20, 2020 issued by the Ministry of Information and Communication (MINTIC)
ii) In 2020, Telcel acquired licenses for an amount Ps. 
1,806,875
for Axtel and Ultra Vision concession titles valid from 2020 to 2040.
iii) In January 2020, CTE acquired licenses by Ps. 
620,052
for
12
pairs of frequencies, advance payment of Advanced Wireless Services (AWS) band and complementary payment of AWS band of block 4.
iv) In 2020, TAG acquired licenses for the right of us for Ps. 
1,704,280
, in Slovenia and VIP Movil 1940E.
v) Additionally, in 2020, the Company acquired other licenses in Puerto Rico, Argentina, Uruguay, Honduras, Paraguay, Brazil and other countries in the amount of Ps. 
1,701,682
.
2021 Acquisitions
i) In December the subsidiary Claro S.A. acquired a 5G license for Ps. 17,789,163 carried out by ANATEL in November 2021, for the sale of radio frequency bands. The total amount of this license was recorded in the intangibles line on December 31, 2021.
ii) During the year, AMX’s subsidiary in Austria acquired licenses for Ps. 1,752,128.
iii) In November, AMX’s subsidiary in the Dominican Republic acquired a 5G concession and right of operation until 2041 for an amount of Ps. 2,008,503.
 
iv) AMX’s subsidiary in Colombia renewed spectrum at 5 MHZ in the 1900 MHZ band for an amount of Ps. 
1,599,473
according to resolution 2802 of October 2021, and made acquisitions of terrestrial fiber optics and submarine cable valid for
2
and
3
years.
v) In February 2021, AMX’s subsidiary in El Salvador acquired licenses for an amount of Ps.139,363. The concession is for 10 MHZ in the 1,900 mobile network bandwidth coverage in the national territory, exploitable as of February 28, 2021 with validity of 20 years.
vi) In February 2021, AMX’s subsidiary in Chile acquired a concession for Ps. 411,375 for the Concession of Band 1900 MHZ with a term of 10 years.
Additionally, in 2021, the Company acquired other licenses in Mexico, Guatemala, Brazil, Ecuador, Peru, Argentina and other countries for an amount of Ps. 706,900
2022 Acquisitions
i) In August 2022, the Company obtained in Mexico, an extension of 9 spectrum frequency band concession titles, segment 1890-1895 MHz for mobile transmission and segment 1970-1975 MHz both for 20 years from April 2025, for an amount of Ps. 
721,647
.
ii) In March and September 2022, the Company made payments for a 2.5 MHz license in Argentina, which was obtained pursuant to resolution 3687 OC 4500114567 for Ps. 304,386 and resolution 1728/22-OC 4500137839 for an amount of Ps. 411,930 of ENACOM (the communications authority in Argentina), respectively.
iii) In May 2022, the Company’s subsidiary in Nicaragua renewed mobile frequency for 20 years (2022 to 2042) for an amount of Ps. 357,478.
iv) In August 2022, the Company added licenses in Austria as of the acquisition of the Bulgarian company, Stemo (an IT company that sells and integrates hardware solutions, produces and implements information systems and software solutions). Additionally, during the year 2022, Telekom Austria Group acquired licenses and rights of use in Macedonia, Belarus and Austria for an amount of Ps. 331,038, mainly Jetstream (a data-storing platform primarily for streaming data such as IoT device or streaming video or streaming data from any source).

v) During
2022
, Claro S.A. acquired software development Claro Pay platform for an amount of Ps. 
321,569
.
Additionally, in 2022, the Company acquired other licenses in the Dominican Republic, Paraguay, Costa Rica and Colombia for an amount of Ps. 208,866.
Amortization of intangibles for the years ended December 31, 2020, 2021 and 2022 amounted to Ps. 19,088,689, Ps. 18,873,860 and Ps. 18,065,088 respectively.
Some of the jurisdictions in which the Company operates can revoke their concessions under certain circumstances such as imminent danger to national security, national economy and natural disasters.
v3.23.1
Business combinations, acquisitions, non-controlling interest and spin-off
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Business combinations, acquisitions, non-controlling interest and spin-off
Note 12. Business combinations, acquisitions, non-controlling interest and spin-off
a)
The following is a description of the major acquisitions of investments in associates and subsidiaries during the years ended December 31, 2021 and 2022:
Acquisitions 2021
i) The Company acquired an additional non-controlling interest in its entities for an amount of Ps.7,720.
 
Acquisitions 2022
i
) On April 20, 2022, after receiving the necessary approvals from local regulators, the Company reported that its Brazilian subsidiary Claro S.A. completed the previously announced acquisition of 32% of Grupo Oi’s mobile business in Brazil, through the acquisition of 100% of the shares of Jonava, 
it 
in accordance with the purchase agreement entered into between Grupo Oi as seller and Claro S.A. (as one of several buyers).
The final purchase price for the aforementioned acquisition was Ps. 14,232,166, net of cash acquired, of which an amount of Ps. 1,315,180 was withheld for price adjustment purposes and other conditions, in accordance with the purchase agreement. Additionally, Ps. 781,217 have been paid for transition services, which are provided by Grupo Oi to Claro S.A. during the following twelve months after the date of the transaction.
For Purchase Price Allocation, the Company determined the fair value of identifiable assets and liabilities based on fair values.
Purchase accounting is substantially complete as of the date of consolidated financial statements and the value of assets acquired and liabilities assumed are as follows:
 
    
2022

Figures at
acquisition date
  
Current assets
   
Ps.
2,815,999
 
Other non-current assets
   
 
3,323
 
Intangible assets (excluding goodwill)
   
 
2,836,537
 
Property, plant and equipment
   
 
1,356,916
 
Right-of-use
   
 
4,247,397
 
    
 
 
  
Total acquired assets
   
 
11,260,172
 
    
 
 
  
Accounts payable
   
 
(10,848,303
) 
Other liabilities
   
 
(369,141
) 
    
 
 
  
Total assumed liabilities
   
 
(11,217,444
) 
    
 
 
  
Fair value of acquired assets and assumed liabilities – net of cash acquired
   
 
42,728
 
Acquisition price
   
 
14,232,166
 
    
 
 
  
Goodwill
   
Ps.
14,189,438
 
    
 
 
  
ii) 
During 2022, the Company has acquired through its subsidiaries other entities for which it has paid Ps. 670,051, net of cash acquired.
iii) The Company acquired an additional non-controlling interests in its entities for an amount of Ps. 39,596.
b) Joint Venture
On October 6, 2022, LLA and the Company announced that they completed the transaction to combine their operations in Chile (VTR and Claro Chile, respectively) in order to create a 50:50 joint venture called Claro Chile, SpA.
On the date of the joint venture’s formation, the Company recognized a loss of Ps. 1,138,859,
and recycled a loss of
Ps. 8,251,782 
from cumulative translation adjustment to net profit. The aforementioned loss was based on preliminary figures, since, as at the date of these consolidated financial statements, the Company continues to determine the fair value of its interest in this joint venture and is evaluating the available qualitative and quantitative information. In addition, at year-end, a loss in the application of the equity method was recognized in the amount of
Ps. 1,924,040, corresponding to the last quarter of 2022.
 
Additionally, the effect of the transaction was classified as discontinued operations in these consolidated financial statements. See Note 2Ac.
c) Consolidated subsidiaries with non-controlling interests
The Company has control over Telekom Austria, which has a material non-controlling interest. Set out below is summarized information as of December 31, 2021 and 2022 of Telekom Austria’s consolidated financial statements.
The amounts disclosed for this subsidiary are before inter-company eliminations and using the same accounting policies of América Móvil.
Selected financial data from the consolidated statements of financial position
 
    
December 31,
  
     2021     
2022
  
Assets:
                  
Current assets
    Ps. 39,781,192     
Ps.
28,648,246
 
Non-current assets
      142,407,870     
 
126,125,904
 
    
 
 
     
 
 
  
Total assets
    Ps. 182,189,062     
Ps.
154,774,150
 
    
 
 
     
 
 
  
Liabilities and equity:
                  
Current liabilities
    Ps. 68,795,807     
Ps.
50,106,617
 
Non-current liabilities
      58,312,238     
 
47,420,775
 
    
 
 
     
 
 
  
Total liabilities
      127,108,045     
 
97,527,392
 
Equity attributable to equity holders of the parent
      28,066,198     
 
29,173,281
 
Non-controlling interest
      27,014,819     
 
28,073,477
 
    
 
 
     
 
 
  
Total equity
    Ps. 55,081,017     
Ps.
57,246,758
 
    
 
 
     
 
 
  
Total liabilities and equity
    Ps. 182,189,062     
Ps.
154,774,150
  
    
 
 
     
 
 
  
Summarized consolidated statements of comprehensive income
 
    
For the year ended December 31,
  
     2020      2021     
2022
  
Operating revenues
    Ps. 111,472,191      Ps. 113,838,487     
Ps.
105,956,057
 
Operating costs and expenses
      98,312,325        98,346,896     
 
89,800,536
 
    
 
 
     
 
 
     
 
 
  
Operating income
    Ps. 13,159,866      Ps. 15,491,591     
Ps.
16,155,521
 
    
 
 
     
 
 
     
 
 
  
Net income
    Ps. 7,787,388      Ps. 9,104,962     
Ps.
11,795,662
 
    
 
 
     
 
 
     
 
 
  
Total comprehensive income
    Ps. 12,103,406      Ps. 7,790,499     
Ps.
6,127,362
 
    
 
 
     
 
 
     
 
 
  
Net income attributable to:
                           
Equity holders of the parent
    Ps. 3,986,412      Ps. 4,629,816     
Ps.
6,000,942
 
Non-controlling interest
      3,800,976        4,475,146     
 
5,794,720
 
    
 
 
     
 
 
     
 
 
  
     Ps. 7,787,388      Ps. 9,104,962     
Ps.
11,795,662
 
    
 
 
     
 
 
     
 
 
  
Comprehensive income attributable to:
                           
Equity holders of the parent
    Ps. 6,172,737      Ps. 3,973,154     
Ps.
3,124,955
 
Non-controlling interest
      5,930,669        3,817,345     
 
3,002,407
 
    
 
 
     
 
 
     
 
 
  
     Ps. 12,103,406      Ps. 7,790,499     
Ps.
6,127,362
 
    
 
 
     
 
 
     
 
 
  

d) Spin-off of telecommunication towers to Sitios Latam
On August 8, 2022, the Company announced that it met the conditions and completed the necessary steps to spin-off its telecommunications towers and other related passive infrastructure in Latin America outside of Mexico, other than Colombia and the Company’s telecommunications towers existing in Peru prior to the spin-off, and contribute to Sitios Latam a portion of the Company’s capital stock, assets and liabilities, mainly consisting of the shares of the Company’s subsidiaries holding telecommunications towers and other associated infrastructure in Latin America outside of Mexico, other than Colombia and the Company’s telecommunications towers existing in Peru prior to the spin-off. On that date, such capital stock, assets and liabilities cease to be part of the unaudited interim condensed consolidated statement of financial position of the Company. The National Banking and Securities Commission authorized the registration of the shares of Sitios Latam, which allowed it to complete its listing process as a public company on September 29, 2022.
As of the spin-off effective date, the assets and liabilities of Sitios Latam no longer appear in the consolidated statement of financial position of the Company. The Company transferred assets of Ps. 102,609,435 mainly in property, plant and equipment, right of use and other assets and accounts receivable, Ps. 100,026,548 in debt, lease debt and other net liabilities, which resulted in
net assets
of Ps. 2,582,887.
The Company, through its subsidiaries, is party to lease agreements with Sitios Latam (its related party) for the use of the space on the towers. The typical term of our site agreements is either five or 10 years, which is a mandatory minimum, except when the underlying floor lease expires in less than the five- or 10-year term, as applicable, in which case the site agreement may expire simultaneously with the floor lease. In most cases, the site agreement is renewable at the customer’s request.
v3.23.1
Income Taxes
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Income Taxes
Note 13. Income Taxes
As explained previously in these consolidated financial statements, the Company is a Mexican corporation which has numerous consolidated subsidiaries operating in different countries. Presented below is a discussion of income tax matters that relates to the Company’s consolidated operations, its Mexican operations and significant foreign operations.
i)     Consolidated income tax matters
The composition of income tax expense (benefit) for the years ended December 31, 2020, 2021 and 2022 is as follows:
 
 
  
2020
 
 
2021
 
 
2022
 
Income Tax attributable to a
 
continued operation
                       
 
In Mexico:
                         
Current year income tax
      Ps.13,407,948       Ps.24,355,240      
Ps.29,865,043
 
Deferred income tax
      (9,334,246 )      (5,079,397 )   
 
3,454,279
 
Foreign:
                         
Current year income tax
      11,967,527       23,397,577    
 
17,634,494
 
Deferred income tax
      (2,863,058 )      (9,955,943 )   
 
(4,909,727
) 
    
 
 
    
 
 
    
 
 
  
Total Income tax
      Ps.13,178,171       Ps.32,717,477      
Ps.46,044,089
 
    
 
 
    
 
 
    
 
 
  
Income Tax attributable to a discontinued operation
                         
Income tax discontinued operations in Mexico
      —         26,294,422    
 
—  
 
Income tax discontinued operations Foreign
(1)
      2,525,783       7,144,249    
 
1,805,500
 
 
(1)
 
Includes effects related to the sale of TracFone, Panama and the Claro Chile, SpA joint venture. See Note 2Ac.
 
Deferred tax expense (benefit) related to items recognized in OCI during the year:
 
    
For the years ended December 31,
  
     2020      2021     
2022
  
Remeasurement of defined benefit plans
    Ps. 4,151,600      Ps. (4,760,089 )    
Ps.
2,651,922
 
Equity investments at fair value
      (665,814 )       583,892     
 
8,364,109
 
Other
      (35,670 )       —       
 
(30,336
) 
Revaluation assets
      (29,922,597 )       —       
 
—  
 
    
 
 
     
 
 
     
 
 
  
Deferred tax benefit recognized in OCI
    Ps. (26,472,481 )     Ps. (4,176,197 )    
Ps.
10,985,695
 
    
 
 
     
 
 
     
 
 
  
In addition, deferred tax of Ps.
902,508
and Ps.
1,621,040
was transferred in 2022 and 2021, respectively, from revaluation surplus to retained earnings. This relates to the difference between the actual depreciation and equivalent depreciation based on cost.
A reconciliation of the statutory income tax rate in Mexico to the consolidated effective income tax rate recognized by the Company is as follows:
 
    
Year ended December 31,
  
     2020     2021    
2022
  
Statutory income tax rate in Mexico
      30.0 %      30.0 %   
 
30.0
% 
Impact of non-deductible and non-taxable items:
                         
Tax inflation effects
      7.9 %      7.8 %   
 
7.2
% 
Derivatives
      (0.9 %)      (0.9 %
)
 		  
 
(0.2
 )
% 
Employee benefits
      3.8 %      2.6 %   
 
2.0
% 
Other
      (3.1 %)      (2.9 %
)
 		  
 
2.2
% 
    
 
 
    
 
 
    
 
 
  
Effective tax rate on Mexican operations
      37.7 %      36.6 %   
 
41.2
% 
Tax recoveries in Brazil
      (11.9 %)      (10.6 %
)
 		  
 
(2.2
 )
% 
Dividends received from associates Equity
      (1.2 %)      (0.7 )%  
 
(0.1
 )
% 
Foreign subsidiaries and other non-deductible items, net
      0.5 %      5.9 %   
 
(4.6
 )
% 
    
 
 
    
 
 
    
 
 
  
Effective tax rate from continuing operations
      25.1 %      31.2 %   
 
34.3
% 
    
 
 
    
 
 
    
 
 
  
Effective tax rate from discontinued operations
      (21.6 )%     (16.4 )%  
 
(21.2
 )
% 
    
 
 
    
 
 
    
 
 
  
 
An analysis of temporary differences giving rise to the net deferred tax assets is as follows:
 
   
Consolidated statements
of financial position
    
Consolidated statements of net income
  
 
2021
    
2022
    
2020
    
2021
    
2022
  
Provisions
   Ps. 18,038,607    
Ps.
18,813,454
 
   Ps. 3,866,407     Ps. 1,812,523    
Ps.
1,759,784
 
Deferred revenues
     9,041,137    
 
8,153,287
 
     897,762       2,202,413    
 
(688,767
)
 
Tax losses carry forward
     33,954,926    
 
33,314,653
 
     2,236,244       5,571,115    
 
1,202,546
 
Property, plant and equipment 
(1)
     (33,445,815 )   
 
(18,840,025
)
 
     3,990,750       8,016,244    
 
1,696,734
 
Inventories
     135,658    
 
405,489
 
     (2,394,485 )      852,888    
 
253,932
 
Licenses and rights of use 
(1)
     (3,668,389 )   
 
(2,630,583
)
 
     344,729       480,502    
 
229,244
 
Employee benefits
     40,246,031    
 
36,662,123
 
     422,473       (354,802 )   
 
(6,148,504
)
 
Other
     13,520,684    
 
22,537,353
 
     2,833,424       (3,545,542 )   
 
3,150,479
  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net deferred tax assets
   Ps. 77,822,839    
Ps.
98,415,751
 
                        
   
 
 
    
 
 
                          
Deferred tax expense in net profit for the year
 
   Ps. 12,197,304     Ps. 15,035,341    
Ps.
1,455,448
  
Deferred tax discontinued operations
 
     94,710       4,731,603       1,808,298  
                   
 
 
    
 
 
    
 
 
  
 
(1)
As of December 31, 2021 and 2022, the balance included the effects of hyperinflation and revaluation of telecommunications towers.
Reconciliation of deferred tax assets and liabilities, net:
 
 
  
2020
 
 
2021
 
 
2022
 
Opening balance as of January 1,
    Ps. 88,074,856     Ps. 66,303,077    
Ps.
  77,822,839
 
Deferred tax benefit
      12,292,014       19,623,461    
 
1,455,448
  
Translation effect
      375,105       (727,099 )   
 
(1,644,500
 )
Deferred tax benefit recognized in OCI
      (26,472,481 )      (4,176,197 )   
 
10,985,695
 
Deferred taxes acquired in business combinations
      (2,580,552 )      —      
 
(11,571
) 
Hyperinflationary effect in Argentina
      (5,385,865 )      (3,540,962 )   
 
(942,751
) 
Disposals (Note 2Ac)
              (1,203,203 )  
 
  
(3,856,459
)
Spin Off
      —         —      
 
14,607,050
 
Related discontinued operation
      —         1,543,762    
 
—  
  
    
 
 
    
 
 
    
 
 
  
Closing balance as of December 31,
    Ps.  66,303,077     Ps. 77,822,839    
Ps.
98,415,751
 
    
 
 
    
 
 
    
 
 
  
Presented in the consolidated statements of financial position as follows:
                         
Deferred income tax assets
    Ps. 115,370,240     Ps. 127,287,934    
Ps.
128,717,811
 
Deferred income tax liabilities
      (49,067,163 )      (49,465,095 )   
 
(30,302,060
) 
    
 
 
    
 
 
    
 
 
  
     Ps. 66,303,077     Ps. 77,822,839    
Ps.
98,415,751
 
    
 
 
    
 
 
    
 
 
  
The deferred tax assets are in tax jurisdictions in which the Company considers that based on financial projections of its cash flows, results of operations and synergies between subsidiaries, will generate sufficient taxable income in subsequent periods to utilize or realize such assets.
The Company does not recognize a deferred tax liability related to the undistributed earnings of its subsidiaries, because it currently does not expect these earnings to be taxable or to be repatriated in the near future. The Company’s policy has been to distribute the profits when it has paid the corresponding taxes in its home jurisdiction and the tax can be accredited in Mexico. The temporary differences associated with investments in the Group’s subsidiaries,
 
associate and joint venture, for which a deferred tax liability has not been recognized in the periods presented, aggregate to Ps 218,859,473 and Ps. 187,830,823 as of December 31, 2021 and 2022, respectively.
 
At December 31, 2021 and 2022, the balance of the contributed capital account (“CUCA”) is Ps. 612,351,412 and Ps. 654,631,901 respectively. Effectively, on January 1, 2014, the
Cuenta de Utilidad Fiscal Neta
(“CUFIN”) is computed on an América Móvil’s stand-alone basis. The balance of the América Móvil’s stand-alone basis CUFIN amounted to Ps. 431,249,107 and Ps. 533,076,863as of December 31, 2021 and 2022, respectively.
During 2021, America Móvil sold 100% of its participation in Tracfone Wireless, Inc (Tracfone), virtual operator of the most important mobile prepaid services in USA to Verizon Communications Inc. (“Verizon”), tax prof
it
of this transaction was Ps. 93,968,555.
ii) Significant foreign income tax matters
a)
Results of operations
The foreign subsidiaries determine their taxes on profits based on their individual taxable income, in accordance with the specific tax regimes of each country.
The effective income tax rate for the Company’s foreign jurisdictions was 16.2% in 2020, 19.3% in 2021 and 17.4% in 2022. The statutory tax rates in these jurisdictions vary, although many approximate 10% to 35%. The primary difference between the statutory rates and the effective rates in 2020, 2021 and 2022 was attributable to dividends received from KPN, other non-deductible items, non-taxable income and tax recoveries in Brazil and registry of benefits related to tax losses credits in Brazil and Impairment related to subsidiaries in Europe.
a.1
) In 2021, The Brazilian Federal Supreme Court’s (STF) ruled in favor of a third party’ thesis related to the unconstitutionality of incidence of the IRPJ (Income Tax in Brazil) and CSLL (Social Contribution over Net Profit in Brazil) on the amounts corresponding to the SELIC (Special settlement and custody system) rate received for repetition of the tax that should not be applicable, such thesis being similar to the thesis filed by subsidiaries of the Company in Brazil.
Given the more likely than not position of success of this lawsuit as consequence of the decision, with general repercussion, of the STF, Brazil updated its analysis, support documentation and forecast and recorded Ps. 2,647,919 (R$703,761) of which Ps. 2,076,594 (R$551,915) represent an excess on deferred IRPJ and CSLL and Ps. 571,325 (R$151,846) represent an excess on current IRPJ and CSLL. The subsidiaries are waiting for the necessary procedural steps to continue, to start the compensation of such amounts.
a.2)
In 2020,Claro S.A. began to use the tax benefit related to the ICMS Grant on TV based on Complementary Law 160/2017 and art. 30 of Law 12,973, as well as in recent interpretations on the subject, investment grants are not computed in determining actual profit in the amount of Ps. 1,721,453 (R$411,336). In 2021 the tax benefit was Ps. 1,431,164 (R$380,373) and 2022 Ps.1,163,081 (R$297,880).
iii)     Tax losses
a) At December 31, 2022, the available tax loss carryforwards recorded in deferred tax assets are as follows on a country by country basis:
 
Country
   
Gross balance
of available tax loss
carryforwards at

December 31, 2022
     
Tax-effected
loss carryforward

benefit
  
Brazil
   
Ps.
72,498,097
 
   
Ps.
24,649,353
 
Mexico
   
 
26,969,956
 
   
 
8,090,987
 
Europe
   
 
1,882,415
 
   
 
470,604
 
Peru
   
 
345,697
 
   
 
103,709
 
    
 
 
     
 
 
  
Total
   
Ps.
101,696,165
 
   
Ps.
33,314,653
 
    
 
 
     
 
 
  
 
b)
The tax loss carryforwards in the different countries in which the Company operates have the following terms and characteristics:
bi)
The Company has accumulated Ps. 72,498,097 in net operating loss carryforwards (NOL’s) in Brazil as of December 31, 2022. In Brazil, there is no expiration of the NOL’s. The NOL´s amount used against taxable income in each year may not exceed 30% of the taxable income for such year.
The Company believes that it is more likely than not that the accumulated balances of its net deferred tax assets are recoverable, based on the positive evidence of the Company to generate future taxable income related to the same taxation authority which will result in taxable amounts against which the available tax losses can be utilized before they expire.
bii)
The Company has accumulated Ps. 26,969,956 in tax losses in Mexico. The company estimates that there is positive evidence that allows it to use these losses, these should be reduced to the extent that it is considered likely that there will
not
be sufficient taxable profits to allow them to recover in full or in part, the losses will only be compensated when there is a right legally required and are approved by the tax authorities in Mexico.
biii)
The Company has accumulated Ps. 1,882,415 in NOL’s in Europe as of December 31, 2022. In Europe, the NOL´s have no expiration, but its annual usage is limited to 75% of the taxable income of the year. The realization of deferred tax assets is dependent upon the expected generation of future taxable income during the periods in which these temporary differences become deductible.
biv)
The Company has tax losses reserved as of December 31 2022 for an amount of Ps. 14,701,405, which correspond to Telmex and Brazil.
iv)     Optional regime
The Mexican Tax Law establishes an optional regime for group companies called: Optional Regime for Groups of Companies. For these purposes, the integrating (controlling) company must own more than 80% of the shares with voting rights of the integrated (controlled) companies. In general terms, the Integration regime allowed deferral, for each of the companies that make up the group, and for up to three years, or sooner if certain assumptions are made, the whole of the income tax that results from considering the determination of the individual income tax to its charge is the effect derived from recognizing, indirectly, the tax losses incurred by the companies in the group for the year in question.
On December 19, 2019, the integrating company submitted to the Mexican tax authorities, the notice to end to belong under the Optional Regime for Groups of Companies, which implied a payment made in January 2020 related to the deferred income tax for the years 2016-2018. From the year 2020, the group is taxable under the General Regime for Legal Persons.
vi) Limiting interest deductions
The Mexican Tax Law establishes since 2020 new rules related to the limit on interest deductions, in concordance with the action 4 of Base Erosion and Profit Shifting (BEPS) project issued by the Organization for Economic Co-operation and Development (OECD), from which Mexico is member.
In general terms, each Mexican companies should calculate an adjusted Tax EBITDA, whose amount times the corporate income tax, will be the interest limit allowed to be deducted in each tax year. It is important to mention that the amount that was not deductible could be carryforward in the following ten years.
vi) Revaluation of telecommunications towers
Deferred taxes related to the revaluation of the passive infrastructure of the telecommunications towers have been calculated at the tax rate of the jurisdiction in which the subsidiaries are located.
v3.23.1
Debt
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Debt
Note 14.    Debt
a)
The Company’s short- and long-term debt consists of the following:
 
At December 31, 2021
     
(Thousands of
Mexican pesos)
  
Currency
   
Loan
  
Interest rate
     
Maturity
     
Total
  
Senior Notes
                               
U.S. dollars
                               
 
    Fixed-rate Senior notes (i)     3.625%        2029      Ps. 20,583,500  
 
    Fixed-rate Senior notes (i)     2.875%        2030        20,583,500  
 
    Fixed-rate Senior notes (i)     6.375%        2035        20,199,206  
 
    Fixed-rate Senior notes (i)     6.125%        2037        7,599,943  
 
    Fixed-rate Senior notes (i)     6.125%        2040        41,167,000  
 
    Fixed-rate Senior notes (i)     4.375%        2042        23,671,025  
 
    Fixed-rate Senior notes (i)     4.375%        2049        25,729,375  
 
                         
 
 
  
 
   
Subtotal U.S. dollars
                    
Ps.
159,533,549
 
 
                         
 
 
  
Mexican pesos
                               
 
    Fixed-rate Senior notes (i)     6.450%        2022      Ps. 22,500,000  
 
    Fixed-rate Senior notes (i)     7.125%        2024        11,000,000  
 
    Domestic Senior notes (i)     0.000%        2025        5,284,885  
 
    Fixed-rate Senior notes (i)     8.460%        2036        7,871,700  
 
    Domestic Senior notes (i)     8.360%        2037        5,000,000  
 
                         
 
 
  
 
   
Subtotal Mexican pesos
                    
Ps.
51,656,585
 
 
                         
 
 
  
Euros
                               
 
    Fixed-rate Senior notes (i)     4.000%        2022      Ps. 17,566,473  
 
    Fixed-rate Senior notes (i)     3.500%        2023        7,026,589  
 
    Fixed-rate Senior notes (i)     3.259%        2023        17,566,474  
 
    Fixed-rate Senior notes (i)     1.500%        2024        19,908,670  
 
    Exchangeable Bond (i)     0.000%        2024        49,115,860  
 
    Fixed-rate Senior notes (i)     1.500%        2026        17,566,473  
 
    Fixed-rate Senior notes (i)     0.750%        2027        23,421,965  
 
    Fixed-rate Senior notes (i)     2.125%        2028        15,224,277  
 
                         
 
 
  
 
   
Subtotal Euros
                    
Ps.
167,396,781
 
 
                         
 
 
  
Pound sterling
                               
 
    Fixed-rate Senior notes (i)     5.000%        2026      Ps. 13,924,738  
 
    Fixed-rate Senior notes (i)     5.750%        2030        18,102,159  
 
    Fixed-rate Senior notes (i)     4.948%        2033        8,354,843  
 
    Fixed-rate Senior notes (i)     4.375%        2041        20,887,106  
 
                         
 
 
  
 
   
Subtotal Pound sterling
                    
Ps.
61,268,846
 
 
                         
 
 
  
Brazilian reais
                               
 
   
Debentures (i)
     CDI + 0.960%        2022      Ps.  9,221,172  
 
   
Promissory notes (i)
     106.000% of CDI        2022        7,376,937  
 
   
Debentures (i)
     106.500% of CDI        2022        3,688,469  
 
   
 
                    
 
 
  
 
   
Subtotal Brazilian reais
                    
Ps.
 20,286,578
 
 
   
 
                    
 
 
  
 
   
 
                          
Other currencies
   
 
  
 
 
 
   
 
 
 
   
 
 
 
Japanese yen
   
 
                          
 
   
Fixed-rate Senior notes (i)
     2.950%        2039      Ps. 2,325,617  
 
   
 
                    
 
 
  
 
   
Subtotal Japanese yen
                    
Ps.
2,325,617
 
 
   
 
                    
 
 
  
Chilean pesos
   
 
                          
 
   
Fixed-rate Senior notes (i)
     3.961%        2035      Ps. 3,776,051  
 
   
 
                    
 
 
  
 
   
Subtotal Chilean pesos
                    
Ps.
3,776,051
 
 
   
 
                    
 
 
  
 
   
Subtotal other currencies
                    
Ps.
6,101,668
 
 
   
 
                    
 
 
  
 
   
 
                          
Hybrid Notes
   
 
  
 
 
 
   
 
 
 
   
 
 
 
Euros
   
 
                          
 
   
Euro NC10 Series B Capital Securities (iii)
     6.375%        2073      Ps. 12,882,081  
    
 
                    
 
 
  
    
Subtotal Euros
                    
Ps.
12,882,081
 
    
 
                    
 
 
  
    
Subtotal Hybrid Notes
                    
Ps.
12,882,081
 
                          
 
 
  
 
At December 31, 2021
  
(Thousands of
Mexican pesos)
 
Currency
  
Loan
 
Interest rate
  
Maturity
  
Total
 
Lines of Credit and others
   
 
  
 
   
 
   
 
 
 
U.S. dollars
                       
 
   
Lines of credit (ii)
   0.350% - 0.700%    2022    Ps. 14,723,980  
Euros
                       
 
   
Lines of credit (ii)
  
(0.400%) - (0.450%)
    2022    Ps. 18,737,572  
Mexican pesos
                       
 
   
Lines of credit (ii)
  
TIIE + 0.280% - 

TIIE + 0.400%		    2022    Ps. 34,080,000  
Peruvian soles
                       
 
   
Lines of credit (ii)
   0.976% - 1.045%    2022    Ps. 9,815,068  
Chilean pesos
                       
 
   
Lines of credit (ii)
   TAB + 0.450%    2022    Ps. 7,419,372  
 
   
Financial Leases
   8.700% - 8.970%   
2022 - 2027
    Ps. 47,743  
Others
   
Lines of credit (ii)
   15.790%    2022    Ps. 80,279  
 
                 
 
 
  
 
   
Subtotal Lines of Credit and others
            
Ps.
84,904,014
 
 
                 
 
 
  
 
   
Total debt
              
Ps.564,030,102
 
 
                 
 
 
  
 
   
Less: Short-term debt and current portion of long-term debt
              
Ps.145,222,672
 
 
                 
 
 
  
 
   
Long-term debt
              
Ps.418,807,430
 
                  
 
 
  
 
As of December 31, 2022
  
(Thousands of
Mexican pesos)
 
Currency
 
Loan
 
Interest rate
 
Maturity
  
Total
 
Senior Notes
  
 
  
 
  
 
  
 
 
 
U.S. dollars
                    
   
Fixed-rate Senior notes (i)
   3.625%   2029   Ps. 19,414,300  
   
Fixed-rate Senior notes (i)
   2.875%   2030     19,414,300  
   
Fixed-rate Senior notes (i)
   4.700%   2032     14,560,725  
   
Fixed-rate Senior notes (i)
   6.375%   2035     19,051,835  
   
Fixed-rate Senior notes (i)
   6.125%   2037     7,168,245  
   
Fixed-rate Senior notes (i)
   6.125%   2040     38,741,430  
   
Fixed-rate Senior notes (i)
   4.375%   2042     22,326,445  
   
Fixed-rate Senior notes (i)
   4.375%   2049     24,267,875  
               
 
 
  
   
Subtotal U.S. dollars
          
Ps.
164,945,155
 
               
 
 
  
Mexican pesos
                    
   
Domestic Senior notes (i)
   TIIE + 0.050%   2024   Ps. 1,920,231  
   
Fixed-rate Senior notes (i)
   7.125%   2024     11,000,000  
   
Domestic Senior notes (i)
   0.000%   2025     5,683,928  
   
Domestic Senior notes (i)
   TIIE + 0.300%   2025     335,731  
   
Domestic Senior notes (i)
   9.520%   2032     14,679,166  
   
Fixed-rate Senior notes (i)
   8.460%   2036     7,871,700  
   
Domestic Senior notes (i)
   8.360%   2037     4,964,352  
   
Domestic Senior notes (i)
   4.840%   2037     7,099,289  
               
 
 
  
   
Subtotal Mexican pesos
          
Ps.
53,554,397
 
               
 
 
  
Euros
                    
   
Commercial Paper (iv)
   2.020%   2023   Ps. 519,575  
   
Commercial Paper (iv)
   2.010%   2023     1,039,150  
   
Commercial Paper (iv)
   2.270%   2023     519,575  
   
Commercial Paper (iv)
   2.150%   2023     519,575  
   
Fixed-rate Senior notes (i)
   3.500%   2023     6,234,902  
   
Fixed-rate Senior notes (i)
   3.259%   2023     15,587,256  
   
Exchangeable Bond (i)
   0.000%   2024     43,581,968  
   
Fixed-rate Senior notes (i)
   1.500%   2024     17,665,557  
   
Fixed-rate Senior notes (i)
   1.500%   2026     15,587,256  
   
Fixed-rate Senior notes (i)
   0.750%   2027     15,708,525  
   
Fixed-rate Senior notes (i)
   2.125%   2028     12,395,194  
               
 
 
  
   
Subtotal euros
          
Ps.
129,358,533
 
               
 
 
  

As of December 31, 2022
    
(Thousands of
Mexican pesos)
  
Currency
  
Loan
  
Interest rate
    
Maturity
    
Total
  
Pound Sterling
                            
   
Fixed-rate Senior notes (i)
     5.000%       2026     Ps. 11,729,149  
   
Fixed-rate Senior notes (i)
     5.750%       2030       15,247,894  
   
Fixed-rate Senior notes (i)
     4.948%       2033       7,037,490  
   
Fixed-rate Senior notes (i)
     4.375%       2041       17,593,724  
                       
 
 
  
   
Subtotal Pound Sterling
                  
Ps.
51,608,257
 
                       
 
 
  
Brazilian reais
                            
   
Debentures (i)
     CDI + 1.350
%
       2023     Ps. 9,302,135  
   
Promissory Notes (i)
     CDI + 1.000%       2023       2,976,683  
   
Debentures (i)
     CDI + 1.400%       2024       15,813,630  
   
Debentures (i)
     CDI + 1.370%       2025       5,581,281  
                       
 
 
  
   
Subtotal Brazilian reais
                  
Ps.
33,673,729
 
                       
 
 
  
                             
Other currencies
  
 
  
 
 
 
  
 
 
 
  
 
 
 
Japanese yen
                            
   
Fixed-rate Senior notes (i)
     2.950%       2039     Ps. 1,924,847  
                       
 
 
  
   
Subtotal Japanese yen
                  
Ps.
1,924,847
 
   
 
                  
 
 
  
Chilean pesos
  
 
                        
   
Fixed-rate Senior notes (i)
     4.000%       2035     Ps. 3,964,099  
   
 
                  
 
 
  
   
Subtotal Chilean pesos
                  
Ps.
3,964,099
 
   
 
                  
 
 
  
   
Subtotal other currencies
                  
Ps.
5,888,946
 
                       
 
 
  
                             
Lines of Credit and others
  
 
  
 
 
 
  
 
 
 
  
 
 
 
U.S. dollars
                            
   
Lines of credit (ii)
     5.050%       2023     Ps. 491,750  
Euros
                            
   
Lines of credit (ii)
    
2.083% - 2.650%
      
2023 - 2024
       17,052,458  
Mexican pesos
                            
   
Lines of credit (ii)
     TIIE + 0.280% -
TIIE + 0.580%
 		     2023       43,580,000  
Peruvian Soles
                            
   
Lines of credit (ii)
     6.00%       2023       4,142,056  
Colombian pesos
                            
   
Lines of credit (ii)
     IBR + 2.25%       2023       165,479  
Brazilian reais
                            
   
Lines of credit (ii)
     13.32%       2023       6,105,177  
Others
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
Lines of credit (ii)
     11.00%       2023       23,543  
                       
 
 
  
   
Subtotal Lines of Credit and others
                  
Ps.
71,560,463
 
                       
 
 
  
   
Total debt
                  
Ps.
510,589,480
 
                       
 
 
  
   
Less: Short-term debt and current portion of long-term debt
                  
Ps.
102,024,414
 
                       
 
 
  
   
Long-term debt
                  
Ps.
408,565,066
 
                       
 
 
  
L = LIBOR (London Interbank Offered Rate)
TIIE = Mexican Interbank Rate
CDI = Brazil Interbank Deposit Rate
TAB = Chilean weighted average funding rate
IBR = Colombia Reference Bank Indicator
Interest rates on the Company’s debt are subject to fluctuations in international and local rates. The Company’s weighted average cost of borrowed funds as of December 31, 2021, and December 31, 2022 was approximately 3.78% and 5.38%, respectively.
Such rates do not include commissions or the reimbursements for Mexican tax withholdings (typically a tax rate of 4.9%) that the Company must pay to international lenders.
 
An analysis of the Company’s short-term debt maturities as of
December 31
, 2021, and December 31, 2022, is as follows:
 
 
  
2021
 
 
2022
 
Obligations and Senior Notes
   
Ps.
 60,353,052    
Ps.
36,698,853
 
Lines of credit
      84,856,270    
 
65,325,561
 
Financial Leases
      13,350    
 
0.00
 
    
 
 
    
 
 
  
Subtotal short term debt
  
Ps.
145,222,672
    
Ps.
102,024,414
 
    
 
 
    
 
 
  
Weighted average interest rate
      4.02 %   
 
8.50
% 
    
 
 
    
 
 
  
The Company’s long-term debt maturities are as follows:
 
Years
  
Amount
 
2024
   
Ps.
96,216,288
  
2025
   
 
11,600,939
  
2026
   
 
27,316,405
  
2027 and thereafter
   
 
273,431,434
  
    
 
 
  
Total
   
Ps.
408,565,066
  
    
 
 
  
(i) Senior Notes
The outstanding Senior Notes as of December 31, 2021, and December 31, 2022, are as follows:
 
Currency*
  
2021
 
  
2022
 
U.S. dollars
      Ps.159,533,549       
Ps.
164,945,155
  
Mexican pesos
      51,656,585       
53,554,397
  
Euros
      167,396,781       
129,358,533
  
Pound sterling
      61,268,846       
51,608,257
  
Brazilian reais
      20,286,578       
33,673,729
  
Japanese yens
      2,325,617       
1,924,847
  
Chilean pesos
      3,776,051       
3,964,099
  

*
Thousands of Mexican pesos
*
Includes secured and unsecured senior notes.
On November 28, 2022, under the current Domestic Senior Notes program with a notional value up to Ps. 50,000 million, the Company issued Notes for Ps. 24,002 million in four tranches, AMX 22, AMX 22-2, AMX 22X (sustainability linked) and AMX 22UX (sustainability linked).
(ii) Lines of credit
As of December 31, 2021, and December 31, 2022, debt under lines of credit amounted in the aggregate to Ps. 84,856 million and Ps. 71,560 million, respectively. Telekom Austria closed December 2022 with an aggregate debt of Ps. 17,076 million under lines of credit.
The Company has two revolving syndicated credit facilities, one for the Euro equivalent of U.S. $1,500 million and the other for U.S. $2,500 million maturing in 2026 and 2024, respectively. As long as the facilities are committed, a commitment fee is paid. As of December 31, 2022, these credit facilities are undrawn. Telekom Austria has an undrawn revolving syndicated credit facility in Euros for €1,000 million that matures in 2026.
 
(iii) Hybrid Notes
The Company completed a tender offer to purchase for cash any or all outstanding securities of its €550 million hybrid notes due 2073 (callable in May 2023). At the settlement date, the Company repurchased 88.6% of such securities, and the remaining principal amount was redeemed at par.
(iv) Commercial Paper
In August 2020, the Company established a new Euro-Commercial Paper program for a total amount of €2,000 million. As of December 31, 2022, debt under this program amounted to Ps. 2,598 million.
Restrictions
A portion of the Company’s debt is subject to certain covenants with respect to maintaining certain financial measures, as well as restrictions on selling a significant portion of groups of assets, among others. As of December 31, 2022, the Company was in compliance with all of these covenants.
A portion of the Company’s debt is also subject to mandatory or optional redemption at the option of the holders in the event of a change in control of the Company, as defined in each relevant instrument. The definition of change in control varies from instrument to instrument; however, no change in control shall be considered to have occurred as long as its current shareholders continue to hold the majority of the Company’s voting shares.
Covenants
In accordance with the credit agreements, the Company is obligated to comply with certain financial and operating covenants. Such covenants limit in certain cases, the ability of the Company or the guarantor to: pledge assets, carry out certain types of mergers, sell all or substantially all of its assets, and sell control of Telcel.
Such covenants do not restrict the ability of AMX’s subsidiaries to pay dividends or other payment distributions to AMX. The more restrictive financial covenants require the Company to maintain a consolidated ratio of debt to EBITDA (defined as operating income plus depreciation and amortization) that does not exceed 4 to 1, and a consolidated ratio of EBITDA to interest paid that is not below 2.5 to 1 (in accordance with the clauses included in the credit agreements).
Several of the financing instruments of the Company may be accelerated, at the option of the debt holder in the case that a change in control occurs.
As of December 31, 2022, the Company was in compliance with all of such covenants.
v3.23.1
Liability related to right of use of assets
 12 Months Ended
Dec. 31, 2022
Presentation of leases for lessee [abstract]  
Liability related to right of use of assets
Note 15. Liability related to right of use of assets
The Company has lease contracts for various items of towers & sites, property and other equipment used in its operations. Towers and sites generally have lease terms for 10 years, while property and other equipment generally have lease terms between 5 and 25 years.
 
At December 31, 2020, 2021 and 2022 the right-of-use assets and lease liabilities are as follows:

 
 
Right-of-use assets
 
 
Liability related to
right-of-use of
assets
 
 
 
Towers & Sites
 
 
Property
 
 
Other
equipment
 
 
Total
 
As of January 1, 2020
     Ps.96,102,449       Ps.17,439,370       Ps.4,461,404       Ps.118,003,223       Ps.120,596,733  
Additions and release
(1)
     5,745,869       309,576       1,514,519       7,569,964       4,833,959  
Modifications
     8,559,335       (3,035,831 )      1,048,858       6,572,362       7,769,326  
Depreciation
(1)
     (20,672,460 )      (3,235,914 )      (2,850,847 )      (26,759,221 )      —    
Interest expense
     —         —         —         —         8,800,153  
Payments
     —         —         —         —         (29,623,565 ) 
Translation adjustment
     (4,516,318 )      728,234       378,600       (3,409,484 )      (3,049,365 ) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Balance at December 31, 2020
     Ps.85,218,875       Ps.12,205,435       Ps.4,552,534       Ps.101,976,844       Ps.109,327,241  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  

(1)
Restated for discontinued operations

 
 
Right-of-use assets
 
 
Liability related to
right-of-use of
assets
 
 
 
Towers & Sites
 
 
Property
 
 
Other
equipment
 
 
Total
 
As of January 1, 2021
     Ps.85,218,875       Ps.12,205,435       Ps.4,552,534       Ps.101,976,844       Ps.109,327,241  
Additions and release
(1)
     3,145,941       482,456       1,052,022       4,680,419       3,060,042  
Modifications
     10,945,985       1,024,573       998,161       12,968,719       12,535,394  
Depreciation
(1)
     (19,849,598 )      (3,086,201 )      (2,589,506 )      (25,525,305 )      —     
Interest expense
     —         —         —         —         7,129,251  
Payments
     —         —         —         —         (30,544,750 ) 
Translation adjustment
     (2,904,175 )      (689,558 )      (134,551 )      (3,728,284 )      (2,852,953 ) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Balance at December 31, 2021
     Ps.76,557,028       Ps.9,936,705       Ps.3,878,660       Ps.90,372,393       Ps. 98,654,225  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  

(1)
Restated for discontinued operations
 
    Right-of-use assets     Liability related to
right-of-use of
assets		  
    Towers & Sites     Property     Other
equipment		     Total  
As of January 1, 2022
  
Ps.
76,557,028
 
  
Ps.
9,936,705
 
  
Ps.
3,878,660
 
  
Ps.
90,372,393
 
  
Ps.
98,654,225
 
Additions and release
(1)
  
 
42,958,221
 
  
 
574,801
 
  
 
5,463,706
 
  
 
48,996,728
 
  
 
44,134,101
 
Business combinations
  
 
4,247,042
 
  
 
318
 
  
 
5,413
 
  
 
4,252,773
 
  
 
9,129,255
 
Modifications
  
 
11,859,492
 
  
 
3,584,607
 
  
 
1,790,905
 
  
 
17,235,004
 
  
 
19,038,741
 
Depreciation
  
 
(22,858,868
) 
  
 
(3,369,095
) 
  
 
(2,756,898
) 
  
 
(28,984,861
) 
  
 
—  
  
Interest expense
  
 
—  
    
 
—  
    
 
—  
    
 
—  
    
 
8,903,397
 
Payments
  
 
—  
    
 
—  
    
 
—  
    
 
—  
    
 
(33,823,287
) 
Disposals
(2)
  
 
(696,904
) 
  
 
(88,303
) 
  
 
(36,694
) 
  
 
(821,901
) 
  
 
(1,044,480
) 
Transfers
(3)
  
 
(165,779
) 
  
 
(126,763
) 
  
 
(112,301
) 
  
 
(404,843
) 
  
 
(438,571
) 
Translation adjustment
  
 
(5,680,583
) 
  
 
(1,289,832
) 
  
 
(1,800,782
) 
  
 
(8,771,197
) 
  
 
(10,404,570
) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Balance at December 31, 2022
  
Ps.
106,219,649
 
  
Ps.
9,222,438
 
  
Ps.
6,432,009
 
  
Ps.
121,874,096
 
  
Ps.
134,148,811
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
(1)
The increase as compared to the previous year, was due to rights of use and their corresponding liability with Sitios Latam, resulting from the spin-off occurred in August 2022.
(2)
Disposals includes the Panama disposal. See Note 2Ac.
(3)
Transfers includes the Claro Chile, SpA joint venture. See Note 12b.
At December 31, 2021 and 2022, the total of the right-of-use assets include an amount of Ps. 14,785,012 and Ps. 64,582,841, corresponding to related parties, respectively and the total of lease liabilities include an amount of Ps. 16,212,629 and Ps. 65,686,036 corresponding to related parties, respectively.
 
The lease debt of the Company is integrated according to its maturities as follows:


 
  
2021
 
  
2022
 
Short term
   
 
Ps.27,632,357
 
 
Ps.
32,902,237
 
Long term
   
 
71,021,868
 
 
 
101,246,574
 
    
 
 
 
 
 
 
  
Total
   
 
Ps.98,654,225
 
 
Ps.
134,148,811
 
    
 
 
 
 
 
 
  
The Company’s long-term debt maturities as of December 31, 2022 are as follows:
 
Year ended December 31,
       
2024
   
Ps.
7,958,375
 
2025
   
 
10,209,699
 
2026
   
 
20,897,718
 
2027
   
 
14,326,772
 
2028
   
 
17,580,798
 
2029 and thereafter
   
 
30,273,212
 
    
 
 
  
Total
   
Ps.
101,246,574
 
    
 
 
  
During the years ended December 31, 2020, 2021 and 2022, the Company recognized expenses as follows:

 
  
2020
 
 
  
Others
 
  
Related parties
 
  
Total
 
Depreciation expense of right-of-use assets 
(1)
   
Ps.
 22,404,924     
Ps.
 4,354,297     
Ps.
 26,759,221  
Interest expense on lease liabilities
(1)
      7,081,693        1,718,460        8,800,153  
Expense relating to short-term leases
      32,238        —          32,238  
Expense relating to leases of low-value assets
      2,883        —          2,883  
Variable lease payments
      78,494        —          78,494  
    
 
 
     
 
 
     
 
 
  
Total
   
Ps.
 29,600,232     
Ps.
 6,072,757     
Ps.
 35,672,989  
    
 
 
     
 
 
     
 
 
  

(1)
Restated for discontinued operations

 
  
2021
 
 
  
Others
 
  
Related parties
 
  
Total
 
Depreciation expense of right-of-use assets
(2)
      Ps.19,932,317        Ps.5,592,988        Ps.25,525,305  
Interest expense on lease liabilities
(2)
      6,212,774        916,477        7,129,251  
Expense relating to short-term leases
      29,833        —          29,833  
Expense relating to leases of low-value assets
      685        —          685  
Variable lease payments
      68,236        —          68,236  
    
 
 
     
 
 
     
 
 
  
Total
      Ps.26,243,845        Ps.6,509,465        Ps.32,753,310  
    
 
 
     
 
 
     
 
 
  

(2)
Restated for discontinued operations
 
    
2022
  
    
Others
 
  
Related parties
 
  
Total
  
Depreciation expense of right-of-use assets
   
Ps.
18,095,871
 
   
Ps.
10,888,990
 
   
Ps.
28,984,861
 
Interest expense on lease liabilities
   
 
6,395,988
 
   
 
2,507,409
 
   
 
8,903,397
 
Expense relating to short-term leases
   
 
24,234
 
   
 
—  
     
 
24,234
 
Expense relating to leases of low-value assets
   
 
886
 
   
 
—  
     
 
886
 
Variable lease payments
   
 
65,520
 
   
 
—  
     
 
65,520
 
    
 
 
     
 
 
     
 
 
  
Total
   
Ps.
24,582,499
 
   
Ps.
13,396,399
 
   
Ps.
37,978,898
 
    
 
 
     
 
 
     
 
 
  
 
Impact on accounting for changes in lease payments applying the exemption.
Based on the information available for evaluation as of the date of adoption, the effect of applying this amendment to IFRS 16 Covid-19 Related Rent Concessions in the Company’s consolidated financial statements as of December 31, 2022 was
Ps. 37,642, reflecting an adjustment to accrued liability for leases and recognizing a benefit in the income statement for the period.
v3.23.1
Accounts payable, accrued liabilities and asset retirement obligations
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Accounts payable, accrued liabilities and asset retirement obligations
Note 16. Accounts payable, accrued liabilities and asset retirement obligations
a)
The components of the accounts payable are as follows:
 
    
At December 31,
  
     2021     
2022
  
Suppliers
    Ps. 87,942,106     
Ps.
69,238,025
 
Sundry creditors
      107,111,390     
 
95,270,108
 
Interest payable
      6,827,225     
 
6,671,247
 
Guarantee deposits from customers
      1,577,424     
 
833,424
 
Dividends payable
      3,029,536     
 
2,459,965
 
    
 
 
     
 
 
  
Total
    Ps. 206,487,681     
Ps.
174,472,769
 
    
 
 
     
 
 
  
b)
The balance of accrued liabilities at December 31, 2021 and 2022 are as follows:
 
    
At December 31,
  
     2021     
2022
  
Current liabilities
                  
Direct employee benefits payable
    Ps. 20,052,946     
Ps.
20,964,474
 
Provisions
      34,338,518     
 
35,850,857
 
    
 
 
     
 
 
  
Total
    Ps. 54,391,464     
Ps.
56,815,331
 
    
 
 
     
 
 
  
The movements in contingencies for the years ended December 31, 2021 and 2022 are as follows:
 
 
  
Balance at
December 31,
2020
 
  
Effect of
translation
 
  
Increase of
the year
 
  
Applications
 
  
Balance at
December 31,
2021
 
 
  
Payments
 
  
Reversals
 
Contingencies
    Ps. 31,326,691      Ps. 1,556,950      Ps. 7,425,182        Ps.(4,079,190)       Ps.(1,891,115)     Ps. 34,338,518  
    
 
 
     
 
 
     
 
 
     
 
 
    
 
 
    
 
 
  
 
 
  
Balance at

December 31,

2021
 
  
Effect of

translation
 
  
Increase of

the year
 
  
Applications
 
  
Balance at

December 31,

2022
 
 
  
Payments
 
  
Reversals
 
Contingencies
   
Ps.
34,338,518
 
  
Ps.
1,430,535
 
  
Ps.
5,236,368
 
  
 
Ps.(3,864,013)

 
 
Ps.(1,290,551)
 
 
Ps.
35,850,857
 
    
 
 
     
 
 
     
 
 
     
 
 
    
 
 
    
 
 
  
Provisions and contingencies include tax, labor, regulatory and other legal type contingencies. See Note 17 b) for detail of contingencies.
 
c)
The movements in the asset retirement obligations for the years ended December 31, 2021 and 2022 are as follows:

 
  
Balance at

December 31,

2020
 
  
Effect of

translation
 
 
Increase of

the year
 
  
Applications
 
 
Balance at

December 31,

2021
 
 
  
Payments
 
 
Reversals
 
Asset retirement obligations
    Ps. 17,887,991      Ps. (910,181 )    Ps. 1,273,201      Ps. (148,634 )    Ps. (1,350,154 )    Ps. 16,752,223  
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
    
 
 
  

 
 
Balance at

December 31,

2021
 
 
Business
combination
 
 
Spin-off

effect
(2)
 
 
Effect of

translation
 
 
Increase of

the year
 
 
Applications
 
 
Balance at

December 31,

2022
 
 
 
Payments
 
 
Reversals
(1)
 
Asset retirement obligations
 
 
Ps.16,752,223
 
 
 
Ps.156,578
 
 
 
Ps.(4,257,531)
 
 
 
Ps.(1,138,217)
 
 
 
Ps.350,802
 
 
 
Ps.(201,523)
 
 
 
Ps.(862,335)
 
 
 
Ps.10,799,997
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

(1)
Reversals includes the sale of Claro Panama and Claro Chile disposal as a joint venture. See Note 12b.
(2)
See Note 12d.
The discount rates used for the asset retirement obligation are based on market rates that are expected to be undertaken by the dismantling or restoration of cell sites and may include labor costs.
v3.23.1
Commitments and Contingencies
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Commitments and Contingencies
Note 17. Commitments and Contingencies
a) Commitments
The Company and its subsidiaries have commitments that mature on different dates, related to committed capital expenditures.
As of December 31, 2022, the total amounts equivalent to the contract period are detailed below:
 
Year ended December 31,
       
2023
   
Ps.
944,948
 
2024
   
 
15,568,565
 
2025
   
 
3,231,796
 
2026
   
 
3,190,572
 
2027 and 2028
   
 
6,386,664
 
2029 and thereafter
   
 
14,894,378
 
    
 
 
  
Total
   
Ps.
44,216,923
 
    
 
 
  
b) Provisions and Contingencies
Contingencies
In each of the countries in which we operate, we are party to legal proceedings in the ordinary course of business. These proceedings include tax, labor, antitrust, contractual matters and administrative and judicial proceedings concerning regulatory matters regarding interconnection and tariffs. The following is a description of our material legal proceedings.
(1) Telcel Mobile Termination Rates
The mobile termination rates between Telcel and other network operators have been the subject of various legal proceedings. With respect to interconnection fees for 2018, 2019, 2020, 2021, 2022 and 2023, Telcel has challenged the applicable resolutions and final resolutions are pending.
 
Given that the “zero rate” that prevented Telcel from charging termination rates in its mobile network was held unconstitutional by the Supreme Court (
Suprema Corte de Justicia de la Nación
or “SCJN”), the IFT has determined asymmetric interconnection rates for the termination of traffic in Telcel’s and other operators’ networks for 2018, 2019, 2020, 2021, 2022 and 2023. The resolutions setting such rates have been challenged by Telcel, and final resolutions are pending.
The Company expects that mobile termination rates, as well as other rates applicable to mobile interconnection (such as transit), will continue to be the subject of litigation and administrative proceedings. The Company cannot predict when or how these disputes will be resolved or the financial effects of any such resolutions.
(2) Telcel Class Action Lawsuit
A class action lawsuit was filed against Telcel by customers allegedly affected by Telcel’s quality of service and wireless and broadband rates continues in process. At this stage, the Company cannot assess whether this class action lawsuit could have an adverse effect on the Company’s business and results of operations in the event that it is resolved against Telcel, due to uncertainty about the factual and legal claims underlying this proceeding. Consequently, the Company has not established a provision in the accompanying consolidated financial statements for an eventual loss arising from this proceeding.
(3) IFT Proceedings Against Telmex
In 2018, the IFT imposed a fine of Ps. 2,543,937 on Telmex relating to a sanction procedure triggered by the alleged breach in 2013 and 2014 of certain minimum quality goals for dedicated link services. Telmex challenged this fine, and a final resolution is pending.
(4) Brazilian Tax Matters
As of December 31, 2022, certain Company’s Brazilian subsidiaries had aggregate tax contingencies of Ps. 132,440,125 (R$35,594,051) for which the Company has established provisions of Ps. 19,135,992 (R$ 5,142,909) in the accompanying consolidated financial statements for eventual losses arising from contingencies that the Company considers probable. The most significant
matters
for which provisions have been established are:
 
  •  
Ps. 35,621,523 (R$ 9,573,491) aggregate contingencies and Ps. 3,515,261 (R$ 944,747) provisions related to value-added tax (
Imposto sobre a Circulação de Mercadorias e Prestação de Serviços
or “ICMS”) assessments;
 
  •  
Ps. 16,126,122 (R$ 4,333,989) aggregate contingencies and Ps. 4,067,063 (R$ 1,093,047) provisions related to social contribution on net income (
Contribuição Social sobre o Lucro Líquido
or “CSLL”) and corporate income tax (
Imposto de Renda sobre Pessoa Jurídica
or “IRPJ”) assessments;
 
  •  
Ps. 18,667,727 (R$ 5,017,060) aggregate contingencies and Ps. 5,572,638 (R$ 1,497,679) provisions related to the social integration program (
Programa de Integração Social
or “PIS”) and the contribution for social security financing (
Contribuição para o Financiamento da Seguridade Social
or “COFINS”) assessments;
 
  •  
Ps. 7,870,074 (R$ 2,115,128) aggregate contingencies and Ps.83,960 (R$ 22,565) provisions related to offset’s rejections of tax credits related to Income Tax (Imposto de Renda Pessoa Jurídica o “IRPJ”) and Social Contributions over Profits (Contribuição Social sobre o Lucro Líquido o “CSLL”), arising from non-appelable judicial resolutions, mainly;
 
  •  
Ps. 13,243,052 (R$ 3,559,147) aggregate contingencies and Ps.1,468,894 (R$ 394,774) provisions mainly related to an allegedly improper exclusion of interconnection revenues and costs from the basis used to calculate Fund for Universal Telecommunication Services (
Fundo de Universalização dos Serviços de Telecomunicações
or “FUST”) obligations, which are being contested;
 
  •  
Ps. 5,689,462 (R$1, 529,076) aggregate contingencies and Ps. 431 (R$ 116) provisions related to an alleged underpayment of obligations to the Telecommunications Technology Development Fund (
Fundo para o Desenvolvimento Tecnológico das Telecomunicações
or “FUNTTEL”), which are being challenged and for which a final resolution is pending;
 
  •  
Ps. 2,097,833 (R$ 563,805) aggregate contingencies and Ps. 45,926 (R$ 12,343) provisions related to the alleged nonpayment of Services Tax (
Imposto Sobre Serviços
or “ISS”) over several communication services, including Pay TV services, considered taxable for ISS by the Municipal Revenue Services, which are being challenged and for which a final resolution is pending;
 
  •  
Ps. 4,481,801 (R$ 1,204,510) aggregate contingencies and Ps. 127,509 (R$ 34,269) provisions arising from, among other, things the alleged underpayment of IRRF and CIDE taxes and on remittances made to foreign operators as remuneration for completing international calls abroad (outgoing traffic); and
 
  •  
Ps. 4,577,981 (R$ 1, 230,359) aggregate contingencies and Ps. 4,073,679 (R$ 1,094,825) provisions related to the requirement to contribute to the Promotion of Public Radio Broadcasting (“EBC”).
In addition, the Company’s Brazilian subsidiaries are subject to a number of contingencies for which it has not established provisions in the accompanying consolidated financial statements because the Company does not consider the potential losses related to these contingencies to be probable. These include Ps. 21,961,918 (R$ 5,902,393) related to an unpaid installation inspection rate (
Taxa de Fiscalização de Instalação
or “TFI”) allegedly due to the renovation of radio base stations, which is being challenged on the basis that there was no new equipment installation that could have led to this charge, along with any unpaid functioning inspection rate (
Taxa de Fiscalização de Funcionamento
or “TFF”).
(5) Anatel Challenge to Inflation Adjustments
Anatel has challenged the calculation of inflation-related adjustments due under the concession agreements with Tess S.A. (“Tess”), and Algar Telecom Leste S.A. (“ATL”), two of the Company’s subsidiaries that were previously merged into Claro S.A. Anatel rejected Tess and ATL’s calculation of the inflation-related adjustments applicable to 60% of the concessions price (which was due in three equal annual installments, subject to inflation-related adjustments and interest), claiming that the companies’ calculation of the inflation related adjustments resulted in a shortfall of the installment payments. The companies filed declaratory and consignment actions seeking the resolution of the disputes and have obtained injunctions from the Federal Court of Appeal suspending any payment until the pending appeals are resolved. After certain unfavorable resolutions issued by the Federal Court of Appeals to the appeals filed by such companies, new appeals have been filed before the Superior Court of Appeals for which definitive resolutions are pending.
The amount of the alleged shortfall as well as the method used to calculate monetary corrections are in dispute. If other methods or assumptions are applied, the amount may increase. In 2022, Anatel calculated the monetary correction in a total amount of Ps. 16,215,464 (R$ 4,358,000). As of December 31, 2022, the Company has established a provision of Ps. 5,584,995 (R$ 1,501,000) in the accompanying consolidated financial statements for the losses arising from these contingencies, which the Company considers probable.
v3.23.1
Employee Benefits
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Employee Benefits
Note 18. Employee Benefits
An analysis of the net liability and net period cost for employee benefits is as follows:

 
  
At December 31,
 
 
  
2021
 
  
2022
 
Mexico
    Ps. 110,225,654     
Ps.
112,031,055
 
Puerto Rico
      12,502,377     
 
8,859,265
 
Brazil
      6,108,744     
 
6,303,584
 
Europe
      13,127,228     
 
9,971,256
 
Ecuador
      601,239     
 
519,239
 
El Salvador
      177,922     
 
135,299
 
Nicaragua
      75,084     
 
62,327
 
Honduras
      32,217     
 
41,292
 
    
 
 
     
 
 
  
Total
    Ps. 142,850,465     
Ps.
137,923,317
 
    
 
 
     
 
 
  

 
  
For the year ended December 31,
 
 
  
2020
 
  
2021
 
  
2022
 
Mexico
    Ps. 14,911,208      Ps. 15,507,652     
Ps.
13,673,155
 
Puerto Rico
      664,046        548,550     
 
538,681
 
Brazil
      722,412        724,587     
 
587,552
 
Europe
      1,701,424        1,753,872     
 
1,176,028
 
Ecuador
      67,402        111,353     
 
(29,743
) 
El Salvador
      15,751        19,081     
 
14,384
 
Nicaragua
      3,711        18,561     
 
11,502
 
Honduras
      —          4,718     
 
7,593
 
    
 
 
     
 
 
     
 
 
  
Total
    Ps. 18,085,954      Ps. 18,688,374     
Ps.
15,979,152
 
    
 
 
     
 
 
     
 
 
  
a) Defined Benefit Plans
The defined benefit obligation (DBO) and plan
a
ssets for the pension and other benefit obligation plans, by country, are as follows:

 
 
At December 31
 
 
 
2021
 
 
2022
 
 
 
DBO
 
 
Plan Assets
 
 
Effect of
asset ceiling
 
 
Net employee
benefit liability
 
 
DBO
 
 
Plan Assets
 
 
Effect of
asset ceiling
 
 
Net employee
benefit
liability
 
Mexico
   Ps. 286,396,483       Ps.(177,270,561)     Ps. —       Ps. 109,125,922    
Ps.
285,775,547
 
    
Ps.(174,814,669)
 
  
Ps.
—  
 
  
Ps.
110,960,878
 
Puerto Rico
     38,092,662       (25,590,285 )      —         12,502,377    
 
26,747,454
 
  
 
(17,888,189
) 
  
 
—  
 
  
 
8,859,265
 
Brazil
     15,497,227       (15,466,336 )      4,422,459       4,453,350    
 
14,599,954
 
  
 
(15,823,761
) 
  
 
6,064,069
 
  
 
4,840,262
 
Europe
     5,093,036       —         —         5,093,036    
 
3,464,777
 
  
 
—  
 
  
 
—  
 
  
 
3,464,777
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total
   Ps. 345,079,408       Ps.(218,327,182)     Ps. 4,422,459     Ps. 131,174,685    
Ps.
330,587,732
 
    
Ps.(208,526,619)
 
  
Ps.
6,064,069
 
  
Ps.
128,125,182
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
  
Below is a summary of the actuarial results generated for the pension and retirement plans as well as the medical services in Puerto Rico and Brazil; the pension plans and seniority premiums related to Telmex; the pension plan, the service awards plan and severance in Austria corresponding to the years ended December 31, 2020, 2021 and 2022:
 
     At December 31, 2020  
     DBO     Plan Assets     Effect of asset
ceiling		     Net employee
benefit liability		  
Balance at the beginning of the year
    Ps. 342,569,774     Ps. (206,300,821 )    Ps. 4,428,021     Ps. 140,696,974  
Current service cost
      2,810,584                       2,810,584  
Interest cost on projected benefit obligation
      30,482,173                       30,482,173  
Expected return on plan assets
              (17,655,119 )              (17, 655,119 ) 
Changes in the asset ceiling during the period and others
                      278,639       278,639  
Past service costs and other
              148,253               148,253  
Actuarial gain for changes in experience
      (8,945 )                      (8,945 ) 
Actuarial gain from changes in demographic assumptions
      (270 )                      (270 ) 
Actuarial loss from changes in financial assumptions
      20,219                       20,219  
    
 
 
    
 
 
    
 
 
    
 
 
  
Net period cost
    Ps. 33,303,761     Ps. (17,506,866 )    Ps. 278,639     Ps. 16,075,534  
Actuarial gain for changes in experience
      (9,677 )                      (9,677 ) 
Actuarial gain from changes in demographic assumptions
      (103,987 )                      (103,987 ) 
Actuarial loss from changes in financial assumptions
      3,475,345                       3,475,345  
Changes in the asset ceiling during the period and others
                      (542,430 )      (542,430 ) 
Return on plan assets greater than discount rate (shortfall)
              12,320,777               12,320,777  
Others
      (924,084 )                      (924,084 ) 
    
 
 
    
 
 
    
 
 
    
 
 
  
Recognized in other comprehensive income
    Ps. 2,437,597     Ps. 12,320,777     Ps. (542,430 )    Ps. 14,215,944  
Contributions made by plan participants
      137,947       (137,947 )              —    
Contributions to the pension plan made by the Company
              (1,882,654 )              (1,882,654 ) 
Benefits paid
      (19,740,727 )      19,740,727               —    
Payments to employees
      (14,426,720 )                      (14,426,720 ) 
Effect of translation
      (1,278,392 )      2,217,201       (770,590 )      168,219  
    
 
 
    
 
 
    
 
 
    
 
 
  
Others
    Ps. (35,307,892 )    Ps. 19,937,327     Ps. (770,590 )    Ps. (16,141,155 ) 
Balance at the end of the year
      343,003,240       (191,549,583 )      3,393,640       154,847,297  
Less short-term portion
      (268,940 )                      (268,940 ) 
    
 
 
    
 
 
    
 
 
    
 
 
  
Non-current obligation
    Ps. 342,734,300     Ps. (191,549,583 )    Ps. 3,393,640     Ps. 154,578,357  
    
 
 
    
 
 
    
 
 
    
 
 
  
 
     At December 31, 2021  
     DBO     Plan Assets     Effect of asset
ceiling		     Net employee
benefit liability		  
Balance at the beginning of the year
    Ps. 343,003,240     Ps. (191,549,583 )    Ps. 3,393,640     Ps. 154,847,297  
Current service cost
      2,090,896                       2,090,896  
Interest cost on projected benefit obligation
      28,913,257                       28,913,257  
Expected return on plan assets
              (15,112,669 )              (15,112,669 ) 
Changes in the asset ceiling during the period and others
                      215,544       215,544  
Past service costs and other
              139,910               139,910  
Actuarial gain for changes in experience
      (23,024 )                      (23,024 ) 
Actuarial gain from changes in demographic assumptions
      (48 )                      (48 ) 
Actuarial gain from changes in financial assumptions
      (6,907 )                      (6,907 ) 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net period cost
    Ps. 30,974,174     Ps. (14,972,759)     Ps. 215,544     Ps. 16,216,959  
Actuarial loss for changes in experience
      10,728,950                       10,728,950  
Actuarial gain from changes in demographic assumptions
      (104,568 )                      (104,568 ) 
Actuarial gain from changes in financial assumptions
      (4,099,321 )                      (4,099,321 ) 
Changes in the asset ceiling during the period and others
                      969,433       969,433  
Return on plan assets greater than discount rate (shortfall)
              (22,198,615 )              (22,198,615 ) 
    
 
 
    
 
 
    
 
 
    
 
 
  
Recognized in other comprehensive income
    Ps. 6,525,061     Ps. (22,198,615 )    Ps. 969,433     Ps. (14,704,121 ) 
Contributions made by plan participants
      99,201       (99,201 )              —    
Contributions to the pension plan made by the Company
              311,108               311,108  
Benefits paid
      (10,574,420 )      10,348,544               (225,876 ) 
Payments to employees
      (25,042,314 )                      (25,042,314 ) 
Effect of translation
      330,770       (166,676 )      (156,158 )      7,936  
Others
    Ps. (35,186,763
)
   Ps. 10,393,775     Ps. (156,158
)
   Ps. (24,949,146
)
Balance at the end of the year
      345,315,712       (218,327,182 )      4,422,459       131,410,989  
Less short-term portion
      (236,304 )                      (236,304 ) 
    
 
 
    
 
 
    
 
 
    
 
 
  
Non-current obligation
    Ps. 345,079,408     Ps. (218,327,182
)
   Ps. 4,422,459     Ps. 131,174,685  
    
 
 
    
 
 
    
 
 
    
 
 
  
 
   
At December 31, 2022
  
   
DBO
    
Plan Assets
    
Effect of asset

ceiling
    
Net employee

benefit liability
  
Balance at the beginning of the year
  
Ps.
345,315,712
 
  
Ps.
(218,327,182
) 
  
Ps.
4,422,459
 
  
Ps.
131,410,989
 
Current service cost
  
 
1,534,180
 
  
 
—  
 
  
 
—  
 
  
 
1,534,180
 
Interest cost on projected benefit obligation
  
 
30,565,134
 
  
 
—  
 
  
 
—  
 
  
 
30,565,134
 
Expected return on plan assets
  
 
—  
 
  
 
( 18,819,322
 )
 
  
 
—  
 
  
 
( 18,819,322
 )
 
Changes in the asset ceiling during the period and others
  
 
—  
 
  
 
—  
 
  
 
398,399
 
  
 
398,399
 
Past service costs and other
  
 
—  
 
  
 
142,911
 
  
 
—  
 
  
 
142,911
 
Actuarial gain for changes in experience
  
 
( 43,603
 )
 
  
 
—  
 
  
 
—  
 
  
 
( 43,603
 )
 
Actuarial gain from changes in demographic assumptions
  
 
( 64
 )
 
  
 
—  
 
  
 
—  
 
  
 
( 64
 )
 
Actuarial gain from changes in financial assumptions
  
 
( 88,990
 )
 
  
 
—  
 
  
 
—  
 
  
 
( 88,990
 )
 
   
 
 
    
 
 
    
 
 
    
 
 
  
Net period cost
  
Ps.
31,966,657
 
  
Ps.
(18,676,411
) 
  
Ps.
398,399
 
  
Ps.
13,688,645
 
Actuarial loss for changes in experience
  
 
2,747,706
 
  
 
—  
 
  
 
—  
 
  
 
2,747,706
 
Actuarial loss from changes in demographic assumptions
  
 
55,037
 
  
 
—  
 
  
 
—  
 
  
 
55,037
 
Actuarial gain from changes in financial assumptions
  
 
( 9,838,708
 )
 
  
 
—  
 
  
 
—  
 
  
 
( 9,838,708
 )
 
Changes in the asset ceiling during the period and others
  
 
—  
 
  
 
—  
 
  
 
1,283,501
 
  
 
1,283,501
 
Return on plan assets greater than discount rate (shortfall)
  
 
—  
 
  
 
13,719,181
 
  
 
—  
 
  
 
13,719,181
 
   
 
 
    
 
 
    
 
 
    
 
 
  
Recognized in other comprehensive income
  
Ps.
(7,035,965
) 
  
Ps.
13,719,181
 
  
Ps.
1,283,501
 
  
Ps.
7,966,717
 
Contributions made by plan participants
  
 
78,642
 
  
 
( 78,642
 )
 
  
 
—  
 
  
 
—  
 
Contributions to the pension plan made by the Company
  
 
—  
 
  
 
516,280
 
  
 
—  
 
  
 
516,280
 
Benefits paid
  
 
( 13,502,781
 )
 
  
 
13,221,202
 
  
 
—  
 
  
 
( 281,579
 )
 
Payments to employees
  
 
( 23,753,735
 )
 
  
 
—  
 
  
 
—  
 
  
 
( 23,753,735
 )
 
Plan changes
  
 
12,461
 
  
 
—  
 
  
 
—  
 
  
 
12,461
 
Effect of translation
  
 
( 2,218,050
 )
 
  
 
1,098,953
 
  
 
( 40,290
 )
 
  
 
( 1,159,387
 )
 
   
 
 
    
 
 
    
 
 
    
 
 
  
Others
  
Ps.
(39,383,463
 )
 
  
Ps.
14,757,793
 
  
Ps.
( 40,290
 )
 
  
Ps.
(24,665,960
 )
 
Balance at the end of the year
  
 
330,862,941
 
  
 
( 208,526,619
 )
 
  
 
6,064,069
 
  
 
128,400,391
 
Less short-term portion
  
 
( 275,209
 )
 
  
 
—  
 
          
 
( 275,209
 )
 
   
 
 
    
 
 
    
 
 
    
 
 
  
Non-current obligation
  
Ps.
330,587,732
 
  
Ps.
(208,526,619
) 
  
Ps.
6,064,069
 
  
Ps.
128,125,182
 
   
 
 
    
 
 
    
 
 
    
 
 
  
In the case of other subsidiaries in Mexico, the net period cost of other employee benefits for the years ended December 31, 2020, 2021 and 2022 was Ps. 174,994 Ps. 267,728 and Ps. 126,735 , respectively. The balance of other employee benefits at December 31, 2021 and 2022 was Ps. 1,099,732 and Ps. 1,070,177, respectively.
In the case of Brazil, the net period cost of other benefits for the years ended December 31, 2020, 2021 and 2022 was Ps. 268,562 Ps. 225,984 and Ps. 166,503, respectively. The balance of employee benefits at December 31, 2021 and 2022 was Ps.1,380,764 and Ps. 1,428,547,respectively.
In the case of Ecuador, the net period cost of other benefits for the years ended December 31, 2020, 2021 and 2022 was Ps. 67,402, Ps. 111,353 and Ps. (29,743), respectively. The balance of employee benefits at December 31, 2021 and 2022 was Ps. 601,239 and Ps. 519,239, respectively.
 
In the case of Central America, the net period cost of other benefits for the years ended December 31, 2021 and 2022 was Ps. 42,360 and Ps. 33,479, respectively. The balance of employee benefits at December 31, 2021 and 2022 was Ps. 285,223 and Ps. 238,918, respectively.
Plan assets are invested in:
At December 31
 
     2021    
2022
  
     Puerto Rico     Brazil     Mexico    
Puerto Rico
    
Brazil
    
Mexico
  
Equity instruments
      42 %      —         74 %   
 
40
% 
  
 
—  
 
  
 
74
% 
Debt instruments
      21 %      94 %      26 %   
 
24
% 
  
 
92
% 
  
 
26
% 
Others
      37 %      6 %      —      
 
36
% 
  
 
8
% 
  
 
—  
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
       100 %      100 %      100 %   
 
100
% 
  
 
100
% 
  
 
100
% 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Included in the Telmex’s net pension plan liability are plan assets of Ps.177,270,561 and Ps. 174,814,669 as of December 31, 2021 and 2022, respectively, of which 47.5% and 44.2% during 2021 and 2022, respectively, were invested in equity and debt instruments of both América Móvil and also of related parties, primarily entities that are under common control of the Company’s principal shareholder. The Telmex pension plan recorded a re-measurement of its defined pension plan of Ps.( 9,928,728) and Ps. 11,590,623 during 2021 and 2022, respectively, attributable to a change in actuarial assumptions, and also a decline and an increase in the fair value of plan investments from December 31, 2021 to December 31, 2022. The decrease and increase in fair value of the aforementioned related party pension plan investments approximated Ps. ( 20,234,095) and Ps. 9,806,143 during the years ended December 31, 2021 and 2022, respectively.
The assumptions used in determining the net period cost were as follows:

 
 
2020
 
2021
 
2022
 
 
Puerto
Rico
 
 
Brazil
 
Mexico
 
 
Europe
 
Puerto
Rico
 
 
Brazil
 
Mexico
 
 
Europe
 
Puerto
Rico
 
 
Brazil
 
 
Mexico
 
 
Europe
Discount rate and long- term rate return
                       0.25%,                       0.25%,                            
          6.48% &          
 
0.50% &
           8.51% &          
 
0.75% &
          
 
10.11% &
 
            
 
 
 
 
2.34
 
% 
  
 
7.39%
  
 
 
 
10.04
 
% 
  
 
0.75%
  
 
 
 
2.75
 
% 
  
 
8.67%
  
 
 
 
10.4
 
% 
  
 
1.00%
  
 
 
 
5.42
 
% 
  
 
 
 
10.05%
 
 
  
 
 
 
11.5
 
% 
  
 
3.75%
                         
Rate of future salary increases
                       3.00%,                       3.00%,                          
4.5%
                      3.5% &                       3.40% &                          
5.3% &
    2.75%     3.25%     2.84%     4.10%     2.75%     3.25%     2.80%     4.00%  
 
2.75%
 
  
 
3.50%
 
  
 
2.8%
 
  
3.4%,4.6%
                         
Percentage of increase in health care costs for the coming year
     2.28%     9.96%                 2.72%     9.44%              
 
5.44%
 
  
 
9.71%
 
            
                         
Year to which this level will be maintained
     N/A     2031                 NA     2030              
 
NA
 
  
 
2031
 
            
                         
Rate of increase of pensions
                       1.60%                       1.60%                          
1.90%
                         
Employee turnover rate*
                      
0.00%
-1.31%
                      
0.00%
-1.12%
                          
0.00%
-1.03%
 
*
Depending on years of service
 
Biometric
 
Puerto Rico:     
Mortality:    RP 2014, MSS 2022 Tables.
   
Brazil:     
   
Mortality:    2000 Basic AT Table for gender
Disability for assets:    UP 84 modified table for gender
Disability retirement:    80 CSO Code Table
Rotation:    Probability of leaving the Company other than death, Disability and retirement is zero
Europe
Life expectancy in Austria is based on “AVÖ 2018-P – Rechnungsgrundlagen für die Pensionsversicherung – Pagler & Pagler”.
 
Telmex     
Mortality:    Mexican 2000 (CNSF) adjusted
Disability:    Mexican Social Security adjusted by Telmex experience
Turnover:    Telmex experience
Retirement:    Telmex experience
At December 31, 2022, the Company conducted a sensitivity analysis on the most significant variables that affect the DBO, simulating independently, reasonable changes to roughly 100 basis points in each of these variables. The increase (decrease) would have resulted in the DBO pension and other benefits at December 31, 2022 are as follows:
 
    
-100 points
     
+100 points
  
Discount rate
    Ps. 25,334,948      Ps. (22,163,575)  
Health care cost trend rat
    Ps. (388,889)      Ps. 444,735  
Telmex Plans
Part of the Telmex’s employees are covered under defined benefit pension plans and seniority premiums. Pension benefits and seniority premiums are determined on the basis in their final year of employment, their seniority, and their age at the time of retirement. Telmex has set up an irrevocable trust fund to finance these employee benefits and has adopted the policy of making contributions to such fund when it is considered necessary.
Europe
Defined benefit pension plans
A1 Telekom Austria Group provides defined benefits for certain former employees in Austria. All eligible employees are retired and were employed prior to January 1, 1975. This unfunded plan provides benefits based on a percentage of salary and years employed, not exceeding 80% of the salary before retirement, and taking into consideration the pension provided by the social security system. A1 Telekom Austria Group is exposed primarily to the risk of development of life expectancy and inflation because the benefits from pension plans are lifetime benefits. Furthermore, the obligation for pensions relate to the employees of the company Akenes in Lausanne are included.
 
Service awards
Civil servants and certain employees (in the following “employees”) are eligible to receive service awards. In accordance with the legal regulations, eligible employees receive a cash bonus of two months’ salary after 25 years of service and four months’ salary after 40 years of service. Employees with at least 35 years of service when retiring (at the age of 65) or who are retiring based on specific legal regulations are also eligible to receive the service award of four monthly salaries. The obligation is accrued over the period of service, taking into account the employee turnover rate for employees who leave employment prematurely. The main risk that A1 Telekom Austria Group is exposed to is the risk of development of salary increases and changes of interest rates.
Severance
Defined contribution plans
Employees who started work for A1 Telekom Austria Group in Austria on or after January 1, 2003 are covered by a defined contribution plan. In 2022, A1 Telekom Austria Group paid Ps. 66,700 (2021: Ps. 68,425), 1.53% of the salary or wage, into this defined contribution plan (BAWAG Allianz Mitarbeitervorsorgekasse AG).
Defined benefit plans
Severance benefit obligations for employees, whose employment commenced before January 1, 2003, excluding civil servants, are covered by defined benefit plans. Upon termination of employment by A1 Telekom Austria Group or upon retirement, eligible employees receive severance payments. Depending on their time in service, their severance amounts to a multiple of their monthly basic compensation plus variable components such as overtime or bonuses, up to a maximum of twelve monthly salaries. In case of death, the heirs of eligible employees receive 50% of the severance benefits. The primary risks to A1 Telekom Austria Group are salary increases and changes of interest rates.
b) Defined Contribution Plans
Brazil
Claro S.A. makes contributions to the DCP through Embratel Social Security Fund – Telos. Contributions are computed based on the salaries of the employees, who decide on the percentage of their contributions to the plan (participants enrolled before October 31st, 2014 is from 1% to 8% and, for those subscribed after that date, the contribution is from 1% to 7% of their salaries). Claro S.A. contributes the same percentage as the employee, capped at 8% of the participant’s balance for the employees that are eligible to participate in this plan.
At December 31, 2021 and 2022, the balance of the DCP liability was Ps. 274,630 and Ps. 34,775 respectively. For the years ended December 31, 2020, 2021 and 2022 the cost of labor were Ps. 2,930, Ps. 61,649 and Ps. 5,021, respectively.
Europe
In Austria, pension benefits are generally provided by the social security system for employees, and by the government for civil servants. The contributions of 12.55% of gross salaries that A1 Telekom Austria Group made to the social security system and the government in Austria as of December 31, 2022 and 2021 amounts to Ps. 1,272,331 and Ps. 1,436,587, respectively. Contributions of the foreign subsidiaries into the respective systems range between 7% and 29% of gross salaries and, as of December 31, 2022 and 2021 amounts to Ps. 597,710 and Ps. 601,626, respectively.
Additionally, A1 Telekom Austria Group offers a defined contribution plan for employees of some of its Austrian subsidiaries. A1 Telekom Austria Group’s contributions to this plan are based on a percentage of the compensation not exceeding 5%. In 2022, the annual expenses for this plan amounted to Ps. 252,980 (2021: Ps. 286,195).
 
As of December 31, 2021 and 2022 the liability related to this defined contribution plan amounted to Ps. 114,233 and Ps. 55,937, respectively.
Other countries
For the rest of the countries where the Company operates and that do not have defined benefit plans or defined contribution plans, the Company makes contributions to the respective governmental social security agencies which are recognized in results of operations as they are incurred.
c) Long-term direct employee benefits
 
     Balance at
December 31,
2020		      Effect of
translation		     Increase of
the year		      Payments     Balance at
December 31,
2021		  
Long-term direct employee benefits
    Ps. 8,750,603      Ps. (328,619 )    Ps. 1,824,693      Ps. (2,320,831 )    Ps. 7,925,846  
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
  
           
    
Balance at
December 31,
2021
     
Effect of
translation
    
Increase of
the year
     
Payments
    
Balance at
December 31,
2022
  
Long-term direct employee benefits
   
Ps.
7,925,846
 
   
Ps.
(879,484
) 
  
Ps.
1,376,566
 
   
Ps.
(2,019,176
) 
  
Ps.
6,403,752
 
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
  
In 2008, a comprehensive restructuring program was initiated in the segment Austria. The provision for restructuring includes future compensation of employees who will no longer provide services for A1 Telekom Austria Group but who cannot be laid off due to their status as civil servants. These employment contracts are onerous contracts under IAS 37, as the unavoidable cost related to the contractual obligation exceeds the future economic benefit. The restructuring program also includes social plans for employees whose employment will be terminated in a socially responsible way. In 2009 and every year from 2011 to 2020, new social plans were initiated that provide for early retirement, special severance packages and golden handshake options. Due to their nature as termination benefits, these social plans are accounted for according to IAS 19.
v3.23.1
Financial Assets and Liabilities
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Financial Assets and Liabilities
Note 19. Financial Assets and Liabilities
Set out below is the categorization of the financial instruments, excluding cash and cash equivalents, held by the Company as of December 31, 2021 and 2022:
 
     December 31, 2021  
     Loans and
Receivables		      Fair value
through
profit or loss		      Fair value
through OCI		  
Financial Assets:
                           
Equity investments at fair value through OCI and other short-term investments (Note 4)
    Ps. 15,026      Ps. —        Ps. 117,688,176  
Accounts receivable from subscribers, distributors, contractual assets and other (Note 5)
      166,041,321        —          —    
Related parties (Note 6)
      1,158,611        —          —    
Derivative financial instruments (Note 7)
      —          10,130,806        —    
    
 
 
     
 
 
     
 
 
  
Total current assets
      167,214,958        10,130,806        117,688,176  
    
 
 
     
 
 
     
 
 
  
Non-current assets
                  
Debt instruments at fair value through OCI
      —          —          6,894,757  
    
 
 
     
 
 
     
 
 
  
Total
    Ps. 167,214,958      Ps. 10,130,806      Ps. 124,582,933  
    
 
 
     
 
 
     
 
 
  
Financial Liabilities:
                           
Debt (Note 14)
    Ps.

 564,030,102      Ps. —        Ps. —    
Liability related to right-of-use of assets (Note 15)
      98,654,225        —          —    
Accounts payable (Note 16)
      206,487,681        —          —    
Related parties (Note 6)
      4,216,882        —          —    
Derivative financial instruments (Note 7)
      —          10,034,508        —    
    
 
 
     
 
 
     
 
 
  
Total
    Ps. 873,388,890      Ps. 10,034,508      Ps. —    
    
 
 
     
 
 
     
 
 
  

    
December 31, 2022
  
    
Loans and
Receivables
     
Fair value
through
profit or loss
     
Fair value
through OCI
  
Financial Assets:
                           
Equity investments at fair value through OCI and other short-term investments (Note 4)
   
Ps.
 
 
   
Ps.
—  
 
   
Ps.
88,428,111
 
Accounts receivable from subscribers, distributors, contractual assets and other (Note 5)
   
 
161,201,512
 
   
 
—  
 
   
 
—  
 
Related parties (Note 6)
   
 
2,287,213
 
   
 
—  
 
   
 
—  
 
Derivative financial instruments (Note 7)
   
 
—  
 
   
 
2,602,680
 
   
 
—  
 
    
 
 
     
 
 
     
 
 
  
Total current assets
   
 
163,488,725
 
   
 
2,602,680
 
   
 
88,428,111
 
    
 
 
     
 
 
     
 
 
  
Non-current assets
                           
Debt instruments at fair value through OCI
   
 
—  
 
   
 
—  
 
   
 
6,981,149
 
    
 
 
     
 
 
     
 
 
  
Total
   
Ps.
163,488,725
 
   
Ps.
2,602,680
 
   
Ps.
95,409,260
 
    
 
 
     
 
 
     
 
 
  
Financial Liabilities:
                           
Debt (Note 14)
   
Ps.
510,589,480
 
   
Ps.
—  
 
   
Ps.
—  
 
Liability related to right-of-use of assets (Note 15)
   
 
134,148,811
 
   
 
—  
 
   
 
—  
 
Accounts payable (Note 16)
   
 
174,472,769
 
   
 
—  
 
   
 
—  
 
Related parties (Note 6)
   
 
7,224,218
 
   
 
—  
 
   
 
—  
 
Derivative financial instruments (Note 7)
   
 
—  
 
   
 
25,331,346
 
   
 
—  
 
    
 
 
     
 
 
     
 
 
  
Total
   
Ps.
826,435,278
 
   
Ps.
25,331,346
 
   
Ps.
—  
 
    
 
 
     
 
 
     
 
 
  
 
Fair value hierarchy
The Company’s valuation techniques used to determine and disclose the fair value of its financial instruments are based on the following hierarchy:
Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities;
Level 2: Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable; and
Level 3: Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable .
The fair value for the financial assets (excluding cash and cash equivalents) and financial liabilities shown in the consolidated statements of financial position at December 31, 2021 and 2022 is as follows:
 
    
Measurement of fair value at December 31, 2021
  
    
Level 1
     
Level 2
     
Level 3
     
Total
  
Assets:
                                    
Equity investments at fair value through OCI and other short-term investments
    Ps. 117,688,176      Ps. 15,026      Ps. —        Ps. 117,703,202  
Derivative financial instruments (Note 7)
      —          10,130,806        —          10,130,806  
Revalued of assets (Note
10
)
      —          —          98,172,675        98,172,675  
Pension plan assets (Note 18)
      196,148,604        22,124,138        54,440        218,327,182  
    
 
 
     
 
 
     
 
 
     
 
 
  
Total current assets
      313,836,780        32,269,970        98,227,115        444,333,865  
    
 
 
     
 
 
     
 
 
     
 
 
  
Debt instruments at fair value through OCI
      —          6,894,757        —          6,894,757  
    
 
 
     
 
 
     
 
 
     
 
 
  
Total
    Ps. 313,836,780      Ps. 39,164,727      Ps. 98,227,115      Ps. 451,228,622  
    
 
 
     
 
 
     
 
 
     
 
 
  
Liabilities:
                                    
Debt
    Ps. 440,660,165      Ps. 180,122,540      Ps. —        Ps. 620,782,705  
Liability related to right-of-use of assets
      98,654,225        —          —          98,654,225  
Derivative financial instruments (Note 7)
      —          10,034,508        —          10,034,508  
    
 
 
     
 
 
     
 
 
     
 
 
  
Total
    Ps. 539,314,390      Ps. 190,157,048      Ps. —        Ps. 729,471,438  
    
 
 
     
 
 
     
 
 
     
 
 
  
 
 
  
Measurement of fair value at December 31, 2022
 
 
  
Level 1
 
  
Level 2
 
  
Level 3
 
  
Total
 
Assets:
                                    
Equity investments at fair value through OCI and other short-term investments
   
Ps.
88,428,111
     
Ps.
—  
 
   
Ps.
—  
 
   
Ps.
88,428,111
 
Derivative financial instruments (Note 7)
   
 
—  
 
   
 
2,602,680
 
   
 
—  
 
   
 
2,602,680
 
Revalued of assets (Note
10
)
   
 
—  
 
   
 
—  
 
   
 
38,353,719
 
   
 
38,353,719
 
Pension plan assets (Note 18)
   
 
192,829,688
     
 
15,657,661
     
 
39,270
 
   
 
208,526,619
 
    
 
 
     
 
 
     
 
 
     
 
 
  
Total current assets
   
 
281,257,799
     
 
18,260,341
     
 
38,392,989
     
 
337,911,129
 
    
 
 
     
 
 
     
 
 
     
 
 
  
Debt instruments at fair value through OCI
   
 
—  
 
   
 
6,981,149
 
   
 
—  
 
   
 
6,981,149
 
    
 
 
     
 
 
     
 
 
     
 
 
  
Total
   
Ps.
281,257,799
     
Ps.
25,241,490
 
   
Ps.
38,392,989
 
   
Ps.
344,892,278
 
    
 
 
     
 
 
     
 
 
     
 
 
  
Liabilities:
                                    
Debt
   
Ps.
371,709,395
 
   
Ps.
116,848,635
 
   
Ps.
—  
 
   
Ps.
488,558,030
 
Liability related to right-of-use of assets
   
 
134,148,811
 
   
 
—  
 
   
 
—  
 
   
 
134,148,811
 
Derivative financial instruments
   
 
—  
 
   
 
25,331,346
 
   
 
—  
 
   
 
25,331,346
 
    
 
 
     
 
 
     
 
 
     
 
 
  
Total
   
Ps.
505,858,206
 
   
Ps.
142,179,981
 
   
Ps.
—  
 
   
Ps.
648,038,187
 
    
 
 
     
 
 
     
 
 
     
 
 
  
Fair value of derivative financial instruments is valued using valuation techniques with market observable inputs. To determine its Level 2 fair value, the Company applies different valuation techniques including forward pricing and swaps models, using present value calculations. The models incorporate various inputs including credit quality of counterparties, foreign exchange spot and forward rates and interest rate curves. Fair value of debt Level 2 has been determined using a model based on present value calculation incorporating credit quality of AMX. The Company’s investment in equity investments at fair value, specifically the investment in KPN and Verizon, is valued using the quoted prices (unadjusted) in active markets for identical assets. The net realized (loss) gain related to derivative financial instruments for the years ended December 31, 2021 and 2022 was Ps. 
(1,664,465)
 and Ps. 
(2,353,920)
 respectively.
The fair value of the asset revaluation was calculated using valuation techniques, using observable market data and internal information on transactions carried out with independent third parties. To determine fair value we use level 2 and 3 information, the Company used inputs such as average rents, contract term and discount rates for discounted flow modeling techniques; in the case of discount rates, we use level 2 data where the information is public and is found in recognized databases, such as country risks, inflation, etc. In the case of average rents and contract terms, we use level 3 data, where the information is mainly internal based on lease contracts entered into with independent third parties.
During the end of the period ended December 31, 2021 and 2022, there were no transfers between the Level 1 and Level 2 fair value measurement hierarchies.
 
Changes in liabilities arising from financing activities
 
 
  
At December 31,
2020
 
  
Cash flow
 
 
Foreign currency
exchange and
other
 
  
At December 31,
2021
 
Debt
    Ps. 628,382,956      Ps. (58,354,281)     Ps. (5,998,573)     Ps. 564,030,102  
Liability related to right-of-use of assets
      109,327,241        (30,544,750 )      19,871,734       98,654,225  
    
 
 
     
 
 
    
 
 
    
 
 
  
Total liabilities from financing activities
   
Ps.
737,710,197
 
   
Ps.
(88,899,031
) 
  
Ps.
13,873,161
 
  
Ps.
662,684,327
 
    
 
 
     
 
 
    
 
 
    
 
 
  

 
  
At December 31,
2021
 
  
Cash flow
 
 
Foreign currency

exchange and

other
 
  
At December 31,

2022
 
Debt
   
Ps.
564,030,102
 
   
Ps.
43,073,992
 
  
Ps.
(96,514,614)
 
  
Ps.
510,589,480
 
Liability related to right-of-use of assets
   
 
98,654,225
 
   
 
(33,823,287
 )
 
  
 
69,317,873
 
  
 
134,148,811
 
    
 
 
     
 
 
    
 
 
    
 
 
  
Total liabilities from
 
financing activities
   
Ps.
662,684,327
 
   
Ps.
9,250,705
 
  
Ps.
(27,196,741)
    
Ps.
644,738,291
 
    
 
 
     
 
 
    
 
 
    
 
 
  
v3.23.1
Shareholders' Equity
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Shareholders' Equity
Note 20. Shareholders’ Equity
a)
Pursuant to the Company’s bylaws, the authorized capital stock of the Company consists of a minimum fixed portion of Ps. 239,356 (nominal amount), represented as of December 31, 2022 by a total of 63,381,000,000 shares (including treasury shares available for placement in accordance with the provisions of the Ley del Mercado de Valores), of which (i) 20,554,697,460 are “AA” shares (full voting rights); (ii) 488,283,894 are “A” shares (full voting rights); and (iii) 42,338,018,646 are “L” shares (limited voting rights).
b)
As of December 31, 2022 and 2021, the Company’s outstanding capital stock was represented by 63,325,000,000 shares (20,554,697,460 “AA” shares, 488,283,894 “A” shares and 42,282,018,646 “L” shares), and 64,689,740,633 shares (20,554,697,460 “AA” shares, 502,404,175 “A” shares and 43,632,638,998 “L” shares), respectively.
c)
As of December 31, 2022 and 2021, the Company’s treasury held for placement in accordance with the provisions of the Ley del Mercado de Valores and the
Disposiciones de carácter general aplicables a las emisoras de valores y a otros participantes en el Mercado de valores
issued by the
Comisión Nacional Bancaria y de Valores
, a total amount of
56,000,000
shares all of which are series L shares and
1,721,520,016
series L shares, respectively, all acquired pursuant to the Company’s share repurchase program.
d)
The holders of “AA” and “A” shares are entitled to full voting rights. The holders of “L” shares may only vote in limited circumstances, and they are only entitled to appoint two members of the Board of Directors and their respective alternates. The matters in which “L” shares holders are entitled to vote are the following: extension of the Company´s corporate life, dissolution of the Company, change of Company’s corporate purpose, change of nationality of the Company, transformation of the Company, a merger with another company, any transaction representing 20% or more of the Company’s consolidated assets, as well as the cancellation of the inscription of the shares issued by the Company at the
Registro Nacional de Valores
and any other foreign stock exchanges where they may be registered, except for quotation systems or other markets not organized as stock exchanges. Within their respective series, all shares confer the same rights to their holders.
The Company’s bylaws contain restrictions and limitations related to the subscription and acquisition of “AA” shares by non-Mexican investors.
 
e)
Pursuant to the Company’s bylaws, “AA” shares must at all times represent no less than
20
% and no more than
51
% of the Company’s capital stock, and they shall also represent at all times, no less than 51% of the common shares (entitled to full voting rights, represented by “AA” and “A” shares) representing said capital stock.
“A” shares, which may be freely subscribed, must not represent more than 19.6% of capital stock and must not exceed 49% of the common shares representing such capital. Common shares (entitled to full voting rights, represented by “AA” and “A” shares), must represent no more than 51% of the Company’s capital stock.
Lastly, “L” shares which have limited voting rights and may be freely subscribed may not exceed, along with “A” shares, 80% of the Company’s capital stock. For purposes of determining these restrictions, the percentages mentioned above refer only to the number of the Company’s shares outstanding.
Dividends
On April 20, 2022, the Company’s shareholders approved among other resolutions, the payment of a dividend of Ps. 0.44 (forty four peso cents) per share to each of the shares series of its capital stock “AA”, “A” and “L”. It was approved that such dividend would be paid in one installment of Ps. 0.44 (forty four peso cents), on August 29, 2022.
On April 26, 2021, the Company’s shareholders approved, among other resolutions, the payment of a dividend of Ps. 0.40 (forty peso cents) per share to each of the shares series of its capital stock “AA”, “A” and “L”. It was approved that such dividend would be paid in two installments of Ps. 0.20 (twenty peso cents) each, on July 19 and November 08, 2021 respectively.
Spin-off
On August 8, 2022, the Company’s capital stock reflects a reduction of Ps.1,572 (nominal amount), derived from the Company’s spin-off and its contribution to Sitios Latam, without having modified the number of shares of the Company due to the spin-off.
Legal Reserve
According to the
Ley General de Sociedades Mercantiles
, companies must allocate from the net profit of each year, at least 5% to increase the legal reserve until it reaches 20%
of its capital stock. This reserve may not be distributed to shareholders during the existence of the Company, except as a stock dividend. As of December 31, 2022 and 2021, the legal reserve amounted Ps. 358,440.

Restrictions on Certain Transactions
Pursuant to the Company’s bylaws any transfer of more than 10% of the full voting shares (“A” shares and “AA” shares), effected in one or more transactions by any person or group of persons acting in concert, requires prior approval by our Board of Directors. If the Board of Directors denies such approval, however, the Company bylaws require it to designate an alternate transferee, who must pay market price for the shares as quoted on the Bolsa Mexicana de Valores, S.A.B. de C.V.
Payment of Dividends
Dividends, either in cash or in kind, paid with respect to the “A” Shares, “L” Shares, “A” Share ADSs or “L” Share ADSs will generally be subject to a 10% Mexican withholding tax (provided that no Mexican withholding tax will apply to distributions of net taxable profits generated before 2014). Nonresident holders could be subject to a lower tax rate, to the extent that they are eligible for benefits under an income tax treaty to which Mexico is a party.
 
Repurchase of shares
On April 20, 202
2
, the Company’s shareholders authorized an amount of Ps. 26 billion to repurchase the Company’s own shares. During the fiscal year ended on December 31, 2022, the Company repurchased 1,364,740,633 series A and L shares. At the end of 2022 and after the cancelation of shares approved by the shareholders meeting on December 20, 2022, the Company had in treasury 56,000,000 series L shares.
Earnings per Share
The following table shows the computation of the basic and diluted earnings per share:
 
   
For the years ended December 31,
  
   
(1)

2020
    
(1)

2021
    
2022
  
Net profit for the period attributable to equity holders of the parent from continuing operations
   Ps. 35,264,826     Ps. 68,187,225    
Ps.
82,878,406
 
Net profit for the period attributable to equity holders of the parent from discontinued operations
     11,587,779       124,235,942    
 
(6,719,015
) 
   
 
 
    
 
 
    
 
 
  
Net profit for the period attributable to equity holders of the parent
     46,852,605       192,423,167    
 
76,159,391
 
Weighted average shares (in millions)
     66,265       65,967    
 
63,936
 
   
 
 
    
 
 
    
 
 
  
Earnings per share attributable to equity holders of the parent continuing operations
   Ps. 0.53     Ps. 1.03    
Ps.
1.30
 
   
 
 
    
 
 
    
 
 
  
Earnings per share attributable to equity holders of the parent discontinued operations
   Ps. 0.17     Ps. 1.88    
Ps.
(0.11)
  
   
 
 
    
 
 
    
 
 
  
 
(1)
Restated for discontinued operations
v3.23.1
Components of other comprehensive income (loss)
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Components of other comprehensive income (loss)
Note 21. Components of other comprehensive income (loss)
The movement on the components of the other comprehensive income (loss) for the years ended December 31, 2020, 2021 and 2022 is as follows:

 
  
For the years ended December 31,
 
 
  
2020
 
 
2021
 
 
2022
 
Controlling interest:
                         
Unrealized (loss) gain on equity investments at fair value, net of deferred taxes
    Ps. (1,952,414 )    Ps. 4,560,869    
Ps.
(4,707,276
) 
Translation effect of foreign entities
      (13,558,774 )      (4,837,206 )   
 
(31,086,965
) 
Translation effect by discontinued operations
      —         (829,163 )   
 
5,193,281
 
Remeasurement of defined benefit plan, net of deferred taxes
      (10,026,454 )      11,100,835    
 
(4,599,407
) 
Asset’s revaluation surplus net of deferred taxes
      64,835,155       —      
 
—  
 
Non-controlling interest of the items above
      14,165,249       (2,135,886 )   
 
(3,734,066
) 
    
 
 
    
 
 
    
 
 
  
Other comprehensive income (loss)
    Ps. 53,462,762     Ps. 7,859,449    
Ps.
(38,934,433
) 
    
 
 
    
 
 
    
 
 
  

v3.23.1
Valuation of derivatives, interest cost from labor obligations and other financial items, net
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Valuation of derivatives, interest cost from labor obligations and other financial items, net
Note 22. Valuation of derivatives, interest cost from labor obligations and other financial items, net
For the years ended December 31, 2020, 2021 and 2022, valuation of derivatives and other financial items are as follows:
 
 
  
For the years ended December 31,
 
 
  
2020
 
 
2021
 
 
2022
 
Gain (loss) in valuation of derivatives, net (Note 7)
      Ps.12,378,193       Ps.(6,755,214)      
Ps.(28,639,687)
 
Capitalized interest expense (Note 10 b)
      1,771,613       1,527,259    
 
1,514,654
 
Commissions
      (1,106,980 )      (1,067,381 )   
 
(1,061,278
) 
Interest cost of labor obligations (Note 18)
      (13,105,693 )      (14,375,520 )   
 
(12,376,939
) 
Contractual earn out Verizon (Note 4)
      —         —      
 
4,271,250
 
Interest expense on taxes
      (59,032 )      (243,075 )   
 
(190,822
) 
Dividend received (Note 4)
      2,122,826       2,628,600    
 
6,155,993
 
Gain on net monetary positions
      3,262,512       4,876,842    
 
11,538,061
 
Other financial cost
(1)
      (3,845,186 )      (835,028 )   
 
(327,451
) 
    
 
 
    
 
 
    
 
 
  
Total
      Ps. 1,418,253       Ps.(14,243,517)      
Ps.(19,116,219)
 
    
 
 
    
 
 
    
 
 
  

(1)
Excludes 
discontinued operations of TracFone, Chile and Panama (See note 2ac)
v3.23.1
Segments
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Segments
Note 23. Segments
América Móvil operates in different countries. As mentioned in Note 1, the Company has operations in Mexico, Guatemala, Nicaragua, Ecuador, El Salvador, Costa Rica, Brazil, Argentina, Colombia, Honduras, Peru, Paraguay, Uruguay, the Dominican Republic, Puerto Rico, Austria, Croatia, Bulgaria, Belarus, Macedonian, Serbia and Slovenia. The accounting policies for the segments are the same as those described in Note 2.
The Chief Executive Officer, who is the Chief Operating Decision Maker (“CODM”), analyzes the financial and operating information by operating segment. All operating segments that (i) represent more than 10% of consolidated revenues, (ii) more than the absolute amount of its reported 10% of profits before income tax or (iii) more than 10% of consolidated assets, are presented separately.
The Company presents the following reportable segments for the purposes of its consolidated financial statements: Mexico (includes Telcel and Corporate operations and assets), Telmex (Mexico), Brazil, Southern Cone (includes Argentina, Paraguay and Uruguay), Colombia, Andean (includes Ecuador and Peru), Central America (includes Guatemala, El Salvador, Honduras, Nicaragua and Costa Rica), Caribbean (includes the Dominican Republic and Puerto Rico), and Europe (includes Austria, Bulgaria, Croatia, Belarus, Slovenia, Macedonia and Serbia).
The segment Southern Cone comprises mobile communication services in Argentina as well as Paraguay and Uruguay. Beginning in 2018, hyperinflation accounting in accordance with IAS 29 was initially applied to Argentina, which results in the restatement of
non-monetary
assets, liabilities and all items of the statement of comprehensive income for the change in a general price index and the translation of these items applying the
period-end
exchange rate.
The Company considers that the quantitative and qualitative aspects of any aggregated operating segments (that is, Central America and Caribbean reportable segments) are similar in nature for all periods presented. In evaluating the appropriateness of aggregating operating segments, the key indicators considered included but were not limited to: (i) the similarity of key financial statements measures and trends, (ii) all entities provide telecommunications services, (iii) similarities of customer base and services, (iv) the methods to distribute services are the same, based on telephone plant in both cases, wireless and fixed lines, (v) similarities of governments and regulatory entities that oversee the activities and services of telecom companies, (vi) inflation trends, and (vii) currency trends.
 
   
Mexico
    
Telmex
    
Brazil
    
(3)

Southern Cone
    
Colombia
    
Andean
    
(2)

Central
America
    
U.S.A. (1)
    
Caribbean
    
Europe
    
Eliminations
    
Consolidated
total
  
As of and for the year ended December 31, 2020 (in Ps.):
                                                                                                
External revenues
     214,578,600       77,920,910       163,865,421       34,426,863       77,282,658       53,846,358       44,823,244       —         37,182,842       111,472,191       —         815,399,087  
Intersegment revenues
     17,663,525       13,668,264       4,207,466       1,220,100       352,694       88,305       (129,419 )      —         1,440,983       —         (38,511,918 )      —    
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total revenues
     232,242,125       91,589,174       168,072,887       35,646,963       77,635,352       53,934,663       44,693,825       —         38,623,825       111,472,191       (38,511,918 )      815,399,087  
Depreciation and amortization
     24,748,756       13,341,479       41,795,397       7,199,898       14,413,760       11,447,356       11,784,026       —         7,094,331       25,593,204       (3,202,787 )      154,215,420  
Operating income
     70,851,525       11,204,433       25,203,504       3,238,167       15,111,947       8,698,645       5,844,137       —         6,701,086       13,159,865       (11,200,502 )      148,812,807  
Interest income
     21,322,406       1,479,021       2,904,430       979,181       822,447       1,049,261       1,130,767       —         1,105,420       90,746       (25,823,043 )      5,060,636  
Interest expense
     30,936,195       1,306,867       17,976,227       2,955,339       2,586,708       2,223,478       1,419,010       —         1,658,619       2,546,255       (25,443,493 )      38,165,205  
Income tax
     4,905,863       577,178       (4,442,598 )      676,444       2,078,789       3,115,693       1,504,240       —         2,524,214       2,234,065       4,283       13,178,171  
Equity interest in net result of associated companies
     (3,820 )      23,955       (2,972 )      (15,422 )      —         —         —         —         —         (288,747 )      —         (287,006 ) 
Net profit (loss) attributable to equity holders of the parent continues operations
     3,613,907       (1,085,038 )      4,963,424       4,909,164       16,579,303       4,649,047       3,922,577       —         3,294,111       7,777,426       (13,359,095 )      35,264,826  
Net profit (loss) attributable to equity holders of the parent discontinued operations
     —         —         —         —         —         —         —         —         —         —         —         11,587,779  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net profit (loss) attributable to equity holders of the parent
     3,613,907       (1,085,038 )      4,963,424       4,909,164       16,579,303       4,649,047       3,922,577       —         3,294,111       7,777,426       (13,359,095 )      46,852,605  
Assets by segment
     947,396,510       203,081,314       386,982,711       118,266,380       132,210,369       101,717,708       88,690,683       35,083,285       109,914,293       239,583,759       (737,878,785 )      1,625,048,227  
Plant, property and equipment, net
     52,117,395       110,751,083       145,307,497       62,157,797       48,876,853       36,102,261       37,855,227       1,761,595       39,128,447       82,595,077       ( 876,229 )      615,777,003  
Revalued of assets
     —         —         36,076,207       7,494,408       12,893,284       9,500,708       7,059,247       —         2,572,504       31,556,270       —         107,152,628  
Goodwill
     26,949,185       215,381       16,048,092       5,436,675       12,253,743       4,866,363       6,345,659       3,362,899       14,186,723       53,388,139       —         143,052,859  
Trademarks, net
     126,823       181,094       —         —         —         —         —         269,325       219,087       2,981,089       —         3,777,418  
Licenses and rights, net
     12,017,318       100,623       26,171,345       12,099,873       12,363,039       6,870,531       5,427,857       —         8,616,880       27,963,250       —         111,630,716  
Investment in associated companies
     51,645       613,449       64,125       (20,970 )      395       —         25,413       —         —         —         1,095,703       1,829,760  
Liabilities by segments
     725,408,198       193,840,756       263,989,566       61,786,265       63,610,642       53,379,366       34,252,511       33,141,315       60,839,340       138,747,621       (319,064,971 )      1,309,930,609  
 
(1)
Restated for discontinued operations (TracFone disposal)
(2)
Restated for discontinued operations (Panama disposal)
(3)
Restated for discontinued operations (Claro Chile, SpA joint venture)
 
   
Mexico
    
Telmex
    
Brazil
    
(2)
Southern Cone
    
Colombia
    
Andean
    
(1)
Central
America
    
Caribbean
    
Europe
    
Eliminations
    
Consolidated
total
  
As of and for the year ended December 31, 2021 (in Ps.):
                                                                                        
External revenues
     225,219,719       87,189,642       148,729,232       40,244,826       79,312,071       52,888,323       45,406,174       37,858,979       113,838,486       —         830,687,452  
Intersegment revenues
     18,041,465       15,237,420       4,044,386       ( 699,479 )      360,638       73,828       62,764       2,069,648       —         (39,190,670 )      —    
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total revenues
     243,261,184       102,427,062       152,773,618       39,545,347       79,672,709       52,962,151       45,468,938       39,928,627       113,838,486       (39,190,670 )      830,687,452  
Depreciation and amortization
     25,797,791       12,740,332       40,342,871       9,585,858       15,067,211       11,211,523       10,830,440       6,987,129       27,469,463       (3,729,626 )      156,302,992  
Operating income
     77,783,972       21,100,316       21,867,457       2,968,702       15,165,356       7,457,802       8,700,382       8,661,475       13,421,147       (9,570,359 )      167,556,250  
Interest income
     14,864,242       758,126       2,104,574       820,449       431,314       833,540       269,379       701,785       116,031       (17,065,290 )      3,834,150  
Interest expense
     24,586,641       1,385,103       15,875,138       2,790,000       2,240,707       1,213,421       1,061,526       1,066,733       2,414,415       (16,895,379 )      35,738,305  
Income tax
     25,002,390       2,496,010       (9,603,701 )      782,844       3,112,946       2,375,281       2,940,404       2,171,594       3,438,161       1,548       32,717,477  
Equity interest in net result of associated companies
     85,648       44,525       4,575       (19,073 )      —         —         —         —         (1,757 )      —         113,918  
Net profit (loss) attributable to equity holders of the parent continues operations
     34,195,093       4,594,450       14,185,905       ( 2,804,630 )      5,959,563       4,180,473       4,746,847       5,151,166       8,313,018       (10,334,660 )      68,187,225  
Net profit (loss) attributable to equity holders of the parent discontinued operations
     —         —         —         —         —         —         —         —         —         —         124,235,942  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net profit (loss) attributable to equity holders of the parent
     34,195,093       4,594,450       14,185,905       ( 2,804,630 )      5,959,563       4,180,473       4,746,847       5,151,166       8,313,018       (10,334,660 )      192,423,167  
Assets by segment
     999,502,407       195,869,232       407,458,440       135,862,040       133,232,525       95,719,937       101,725,955       102,949,901       210,944,575       (693,615,163 )      1,689,649,849  
Plant, property and equipment, net
     50,420,866       118,056,718       153,607,199       64,864,986       48,888,907       34,395,339       42,407,727       41,601,009       79,764,422       (983,169 )      633,024,004  
Revalued of assets
     —         —         33,004,669       6,159,077       10,266,464       8,389,460       9,113,632       2,564,149       28,675,224       —         98,172,675  
Goodwill
     26,965,618       215,381       15,335,322       5,191,841       11,685,585       4,688,154       6,002,380       14,186,723       52,307,190       —         136,578,194  
Trademarks, net
     90,673       149,865       —         —         —         —         —         229,000       2,822,625       —         3,292,163  
Licenses and rights, net
     11,081,972       129,233       39,620,009       13,791,003       11,384,533       5,502,139       5,220,437       10,847,685       25,709,849       —         123,286,860  
Investment in associated companies
     4,725,279       522,403       65,699       (34,401 )      351       —         26,348       —         —         (2,253,198 )      3,052,481  
Liabilities by segments
     679,954,783       176,177,522       273,655,967       72,702,285       65,631,866       44,676,727       42,823,861       53,885,848       134,357,142       (308,257,878 )      1,235,608,123  
 
(1)
Restated for discontinued operations (Panama disposal)
(2)
Restated for discontinued operations (Claro Chile, SpA joint venture)
 
   
Mexico
    
Telmex
    
Brazil
    
(2)
Southern Cone
    
Colombia
    
Andean
    
(1)
Central
America
    
Caribbean
    
Europe
    
Eliminations
    
Consolidated
total
  
As of and for the year ended December 31, 2022 (in Ps.):
                                                                                        
External revenues
  
 
236,608,249
 
  
 
83,046,967
 
  
 
165,804,342
 
  
 
38,820,073
 
  
 
70,925,374
 
  
 
55,426,258
 
  
 
47,054,127
 
  
 
40,859,951
 
  
 
105,956,056
 
  
 
—  
 
  
 
844,501,397
 
Intersegment revenues
  
 
9,290,955
 
  
 
16,937,889
 
  
 
5,075,716
 
  
 
( 95,105
 )
 
  
 
374,225
 
  
 
72,142
 
  
 
160,459
 
  
 
1,854,029
 
  
 
—  
 
  
 
(33,670,310
) 
  
 
—  
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total revenues
  
 
245,899,204
 
  
 
99,984,856
 
  
 
170,880,058
 
  
 
38,724,968
 
  
 
71,299,599
 
  
 
55,498,400
 
  
 
47,214,586
 
  
 
42,713,980
 
  
 
105,956,056
 
  
 
(33,670,310
) 
  
 
844,501,397
 
Depreciation and amortization
  
 
26,383,113
 
  
 
13,171,616
 
  
 
43,422,821
 
  
 
10,807,072
 
  
 
13,085,226
 
  
 
10,698,869
 
  
 
11,178,361
 
  
 
7,133,908
 
  
 
22,761,938
 
  
 
(9,138
) 
  
 
158,633,786
 
Operating income
  
 
76,708,954
 
  
 
16,172,472
 
  
 
26,665,816
 
  
 
1,796,672
 
  
 
14,170,936
 
  
 
8,262,395
 
  
 
7,540,132
 
  
 
10,284,834
 
  
 
16,155,520
 
  
 
(6,886,979
) 
  
 
170,870,752
 
Interest income
  
 
18,336,415
 
  
 
925,158
 
  
 
2,679,103
 
  
 
719,851
 
  
 
624,304
 
  
 
906,176
 
  
 
431,741
 
  
 
701,794
 
  
 
229,958
 
  
 
(20,730,921
) 
  
 
4,823,579
 
Interest expense
  
 
24,909,724
 
  
 
3,342,459
 
  
 
23,411,387
 
  
 
2,573,356
 
  
 
2,699,010
 
  
 
860,572
 
  
 
1,033,792
 
  
 
1,152,370
 
  
 
1,281,857
 
  
 
(20,005,724
) 
  
 
41,258,803
 
Income tax
  
 
30,642,242
 
  
 
2,767,673
 
  
 
454,205
 
  
 
(160,199
) 
  
 
2,286,809
 
  
 
2,870,743
 
  
 
1,708,728
 
  
 
2,432,392
 
  
 
3,151,281
 
  
 
(109,785
) 
  
 
46,044,089
 
Equity interest in net result of associated companies
  
 
(1,821,608
) 
  
 
31,000
 
  
 
20,864
 
  
 
(2,198
) 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
(39,490
) 
  
 
—  
 
  
 
(1,811,432
) 
Net profit (loss) attributable to equity holders of the parent continues operations
  
 
63,711,537
 
  
 
(373,036
) 
  
 
10,254,969
 
  
 
(1,157,911
) 
  
 
6,486,771
 
  
 
6,122,291
 
  
 
5,059,038
 
  
 
6,649,004
 
  
 
11,795,662
 
  
 
(25,669,919
) 
  
 
82,878,406
 
Net profit (loss) attributable to equity holders of the parent discontinued operations
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
(6,719,015
) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net profit (loss) attributable to equity holders of the parent
  
 
63,711,537
 
  
 
(373,036
) 
  
 
10,254,969
 
  
 
(1,157,911
) 
  
 
6,486,771
 
  
 
6,122,291
 
  
 
5,059,038
 
  
 
6,649,004
 
  
 
11,795,662
 
  
 
(25,669,919
) 
  
 
76,159,391
 
Assets by segment
  
 
1,042,849,460
 
  
 
215,543,807
 
  
 
407,802,373
 
  
 
87,971,767
 
  
 
104,769,670
 
  
 
85,782,831
 
  
 
96,321,649
 
  
 
101,143,182
 
  
 
154,774,150
 
  
 
(678,859,545
) 
  
 
1,618,099,344
 
Plant, property and equipment, net
  
 
49,677,868
 
  
 
134,928,482
 
  
 
159,382,793
 
  
 
42,674,620
 
  
 
44,999,710
 
  
 
33,480,299
 
  
 
41,312,113
 
  
 
40,606,623
 
  
 
72,272,633
 
  
 
(462,650
) 
  
 
618,872,491
 
Revalued of assets
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
7,700,459
 
  
 
5,938,449
 
  
 
—  
 
  
 
1,434,188
 
  
 
23,280,623
 
  
 
—  
 
  
 
38,353,719
 
Goodwill
  
 
26,481,707
 
  
 
215,381
 
  
 
31,085,202
 
  
 
199,984
 
  
 
8,495,090
 
  
 
4,678,851
 
  
 
6,312,511
 
  
 
14,186,723
 
  
 
49,465,916
 
  
 
—  
 
  
 
141,121,365
 
Trademarks, net
  
 
110,397
 
  
 
118,634
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
220,350
 
  
 
2,565,176
 
  
 
—  
 
  
 
3,014,557
 
Licenses and rights, net
  
 
10,559,914
 
  
 
106,659
 
  
 
37,638,695
 
  
 
12,965,021
 
  
 
8,068,013
 
  
 
4,271,910
 
  
 
3,599,560
 
  
 
10,124,134
 
  
 
20,461,281
 
  
 
—  
 
  
 
107,795,187
 
Investment in associated companies
  
 
24,656,295
 
  
 
550,493
 
  
 
22,708
 
  
 
(19,866
) 
  
 
—  
 
  
 
—  
 
  
 
23,896
 
  
 
—  
 
  
 
2,058
 
  
 
(1,260,122
) 
  
 
23,975,462
 
Liabilities by segments
  
 
621,482,350
 
  
 
204,294,033
 
  
 
297,234,805
 
  
 
54,393,204
 
  
 
57,393,854
 
  
 
36,223,727
 
  
 
42,725,447
 
  
 
48,434,551
 
  
 
97,527,392
 
  
 
(279,439,292
) 
  
 
1,180,270,071
 
 
(1)
Discontinued operations (Panama disposal)
(2)
Discontinued operations (Claro Chile, SpA joint venture)
v3.23.1
Recently Issued Accounting Standards
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Recently Issued Accounting Standards
Note 24. Recently Issued Accounting Standards
New and amended standards and interpretations
The Company applied for the first-time certain standards and amendments, which are effective for annual periods beginning on or after 1 January 2022 (unless otherwise stated). The Company has not early adopted any other standard, interpretation or amendment that has been issued but is not yet effective.
Onerous Contracts – Costs of Fulfilling a Contract – Amendments to IAS 37
An onerous contract is a contract under which the unavoidable of meeting the obligations under the contract costs (i.e., the costs that the Company cannot avoid because it has the contract) exceed the economic benefits expected to be received under it.
The amendments specify that when assessing whether a contract is onerous or loss-making, an entity needs to include costs that relate directly to a contract to provide goods or services including both incremental costs (e.g., the costs of direct labour and materials) and an allocation of costs directly related to contract activities (e.g., depreciation of equipment used to fulfil the contract and costs of contract management and supervision). General and administrative costs do not relate directly to a contract and are excluded unless they are explicitly chargeable to the counterparty under the contract.
Prior to the application of the amendments, the Company identified no significant contracts as being onerous as the unavoidable costs under the contracts, which were the costs of fulfilling them, comprised only incremental costs directly related to the contracts.
Reference to the Conceptual Framework – Amendments to IFRS 3
The amendments replace a reference to a previous version of the IASB’s Conceptual Framework with a reference to the current version issued in March 2018 without significantly changing its requirements.
The amendments add an exception to the recognition principle of
IFRS 3 Business Combinations
to avoid the issue of potential ‘day 2’ gains or losses arising for liabilities and contingent liabilities that would be within the scope of
IAS 37 Provisions, Contingent Liabilities and Contingent Assets
or
IFRIC 21 Levies
, if incurred separately. The exception requires entities to apply the criteria in IAS 37 or IFRIC 21, respectively, instead of the Conceptual Framework, to determine whether a present obligation exists at the acquisition date.
The amendments also add a new paragraph to IFRS 3 to clarify that contingent assets do not qualify for recognition at the acquisition date.
In accordance with the transitional provisions, the Company applies the amendments prospectively, i.e., to business combinations occurring after the beginning of the annual reporting period in which it first applies the amendments (the date of initial application).
These amendments had no impact on the consolidated financial statements of the Company as there were no contingent assets, liabilities or contingent liabilities within the scope of these amendments that arose during the period.
Property, Plant and Equipment: Proceeds before Intended Use – Amendments to IAS 16 Leases
The amendment prohibits entities from deducting from the cost of an item of property, plant and equipment, any proceeds of the sale of items produced while bringing that asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Instead, an entity recognizes the proceeds from selling such items, and the costs of producing those items, in profit or loss.
 
In accordance with the transitional provisions, the Company applies the amendments retrospectively only to items of PP&E made available for use on or after the beginning of the earliest period presented when the entity first applies the amendment (the date of initial application).
These amendments had no impact on the consolidated financial statements of the Company as there were no sales of such items produced by property, plant and equipment made available for use on or after the beginning of the earliest period presented.
IFRS 1 First-time Adoption of International Financial Reporting Standards – Subsidiary as a first-time adopter
The amendment permits a subsidiary that elects to apply paragraph D16(a) of IFRS 1 to measure cumulative translation differences using the amounts reported in the parent’s consolidated financial statements, based on the parent’s date of transition to IFRS, if no adjustments were made for consolidation procedures and for the effects of the business combination in which the parent acquired the subsidiary. This amendment is also applied to an associate or joint venture that elects to apply paragraph D16(a) of IFRS 1.
These amendments had no impact on the consolidated financial statements of the Company as it is not a first-time adopter.
IFRS 9 Financial Instruments – Fees in the ’10 per cent’ test for derecognition of financial liabilities
The amendment clarifies the fees that an entity includes when assessing whether the terms of a new or modified financial liability are substantially different from the terms of the original financial liability. These fees include only those paid or received between the borrower and the lender, including fees paid or received by either the borrower or lender on the other’s behalf. There is no similar amendment proposed for
IAS 39 Financial Instruments: Recognition and Measurement
.
In accordance with the transitional provisions, the Company applies the amendment to financial liabilities that are modified or exchanged on or after the beginning of the annual reporting period in which the entity first applies the amendment (the date of initial application). These amendments had no impact on the consolidated financial statements of the Company as there were no modifications of the Company’s financial instruments during the period.
v3.23.1
Subsequent Events
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Subsequent Events
Note 25. Subsequent Events
a) On February 6, 2023, the Company announced the execution of a definitive agreement (Agreement of Shareholders), with Österreichische Beteiligungs AG (“OBAG”), in respect of their shares in Telekom Austria AG (“Telekom Austria”), ensuring leadership and control by AMX of the Telekom Austria Group, granting it the right to continue nominating the majority of the members of the Board of Directors (Supervisory Board), and the President and CEO of the Management Board of Telekom Austria, with voting power in all company management decisions. The Shareholders Agreement
provides a new term of
10 years
,
from
that
date.
In addition, the spin-off of the Telekom Austria towers was agreed for the majority of the countries where it operates, including Austria, which will allow Telekom Austria to allocate more efficiently its equity and expand its investment in high-speed connectivity infrastructure in Austria, including fiber and 5G infrastructure. This spin-off will not generate changes in the majority shareholding structure and it is intended to list the tower’s shares on the Vienna Stock Exchange.
The spin-off of the towers is subject to various corporate and regulatory approvals, including the approval of the Supervisory Board and the shareholders of Telekom Austria.
 
b) On February 3,
2023
, the Company completed the sale of 1,388 telecommunications towers, property of its subsidiary in the Dominican Republic, to Sitios Latam.
c) On March 31, 2023, the Company completed the sale of
2,980
telecommunications towers, property of its subsidiary in Peru, to Sitios Latam, therefore, a total of
3,480
towers were finally transferred.
d) On December 20, 2022, the Company’s shareholders approved the conversion of all its series “A”, “AA” and “L” shares into common shares of a single new series “B”, with full voting rights, as well as to amend AMX’s bylaws to implement said conversion. The conversion was subject to various corporate and regulatory approvals. The conversion was implemented at a 1:1 conversion ratio, and completed on March 16, 2023.
e) On January 16, 2023, the company informed that after extensive dialogue with the Telephone Operators Union of the Mexican Republic, a constructive agreement has been reached regarding retirement conditions (pensions) for newly hired personnel that TELMEX hires from January 2023
f) On April 14, the Company´s shareholders approved a repurchase fund for an amount of Ps. 20 billion to be used in the period from April 2023 to April 2024.
g) On April 27, the Company´s shareholders approved to pay a 0.46 (forty six peso cents) ordinary dividend, per share,
in
two equal installments, to each of the shares of its capital stock series B.
v3.23.1
Basis of Preparation of the Consolidated Financial Statements and Summary of Significant Accounting Policies and Practices (Policies)
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Basis of preparation
a) Basis of preparation
The accompanying consolidated financial statements have been prepared in conformity with International Financial Reporting Standards, as issued by the International Accounting Standards Board (“IASB”) (hereafter referred to as IFRS).
The consolidated financial statements have been prepared on the historical cost basis, except for the derivative financial instruments (assets and liabilities), the passive infrastructure of mobile telecommunications towers, the trust assets of post-employment and other employee benefit plans and the investments in equity at fair value through other comprehensive income (OCI), which are presented at their market value.
Effective July 1, 2018, the Argentinian economy has been considered to be hyperinflationary in accordance with the criteria in IAS 29 “Financial Reporting in Hyperinflationary Economies” (“IAS 29”). Accordingly, for the Argentinian subsidiaries, we have included adjustments for hyperinflation and reclassifications as is required by the standard for purposes of presentation of IFRS in the consolidated financial statements.
 
The preparation of these consolidated financial statements under IFRS requires the use of critical estimates and assumptions that affect the amounts reported for certain assets, liabilities, income and expenses, including the main impact generated by the COVID-19 pandemic and the potential effect on the amounts disclosed in the consolidated financial statements.
It also requires that management exercise judgment in the application of the Company’s accounting policies. Actual results could differ from these estimates and assumptions.
The Mexican peso is the functional currency of the Company’s Mexican operations and the consolidated reporting currency of the Company.
i) Changes in Accounting Policies and Disclosures
As of December 31, 2020, the company changed its accounting policy to record the value of the passive infrastructure (towers) of its subsidiaries. With the change, this passive infrastructure was no longer recognized at historical cost, and it began to be recognized under the revaluation model (market value). The company considers that the revaluation model represents the actual conditions of the industry of this class of assets and improves its financial position, this allows its shareholders and stakeholders to have the necessary financial information associated with market expectations about this class of assets.
ii) Basis of consolidation
The consolidated financial statements include the accounts of América Móvil, S.A.B. de C.V. and those subsidiaries over which the Company exercises control. The consolidated financial statements for the subsidiaries were prepared for the same period as the Company´s and applying consistent accounting policies. All of the subsidiary companies operate in the telecommunications sector or related.
Subsidiaries are entities over which the Company has control. Control is achieved when the Company has power over the investee, when it is exposed to, or has rights to, variable returns from its involvement with the investee, and has the ability to use its power over the investee to affect the amount of the investor’s returns. Subsidiaries are consolidated on a line-by-line basis from the date which control is achieved by the Company. The Company reassesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the elements of control.
On March 6, 2020, in accordance with a resolution of the Federal Telecommunications Institute (Instituto Federal de Telecomunicaciones or IFT), the subsidiaries Teléfonos de México, S.A.B. de C.V. and Teléfonos del Noroeste, S.A. de C.V. created separate companies related to the wholesale services named Red Nacional Última Milla S.A.P.I. de C.V., Servicios de Telecomunicaciones Ultima Milla, S.A. de C.V. and Red Última Milla del Noroeste S.A.P.I. de C.V. The restructuring of Telmex has no impact on the consolidated financial information of the Company.
Changes in the Company’s ownership interests in a subsidiary that do not result in the Company losing control over the subsidiary are accounted for as equity transactions. The carrying amounts of the equity attributable to owners of the parent and non-controlling interests are adjusted to reflect the changes in their relative interests in the subsidiary. Any difference between the carrying amount of the non-controlling interests and the fair value of the consideration paid or received in the transaction is recognized directly in the equity attributable to the owners.
Subsidiaries are deconsolidated from the date which control ceases. When the Company ceases to have control over a subsidiary, it derecognizes the assets (including any goodwill) and liabilities of the subsidiary at their carrying amounts, derecognizes the carrying amount of non-controlling interests in the former subsidiary and recognizes the fair value of any consideration received from the transaction. Any retained interest in the former subsidiary is then remeasured to its fair value.
 
All intra-Company balances and transactions, and any unrealized gains and losses arising from intra-Company transactions, are eliminated in preparing the consolidated financial statements.
Non-controlling interests represent the portion of profits or losses and net assets not held by the Company. Non-controlling interests are presented separately in the consolidated statements of comprehensive income and in equity in the consolidated statements of financial position separately from Company’s own equity.
Associates:
An associate is an entity over which the Company has significant influence. Significant influence is the power to participate in the financial and operating policy decisions of the investee but does not have control or joint control over those decisions.
The Company’s investment in associates includes goodwill identified on acquisition, net of any accumulated impairment losses.
The investments in associated companies in which the Company exercises significant influence are accounted for using the equity method, whereby Company recognizes its share in the net profit (losses) and equity of the associate.
Joint venture:
A joint venture is an arrangement in which the Company has joint control, whereby the Company has rights to the net assets of the arrangement, rather than rights to its assets and obligations for its liabilities.
Interests in the joint venture are accounted for using the equity method. Pursuant to such method, the joint venture is initially recognized at cost, which includes transaction costs. Subsequent to initial recognition, the consolidated financial statements include the Company’s share of the profit or loss and OCI of equity-accounted investees, until the date on which significant influence or joint control ceases.
The results of operations of the subsidiaries and associates are included in the Company’s consolidated financial statements beginning as of the month following their acquisition and its share of other comprehensive income after acquisition is recognized directly in other comprehensive income.
The Company assesses at each reporting date whether there is objective evidence that investment in associates is impaired. If so, the Company calculates the amount of impairment as the difference between the recoverable amount of the associate and its carrying value.
 
The equity interest in the most significant subsidiaries at December 31, 2021 and 2022 is as follows:

Company name
  
Country
 
  
Equity

interest at

December 31
 
  
2021
 
 
2022
 
Subsidiaries:
                          
América Móvil B.V.
a)
      Netherlands        100.0 %     
100.0
% 
Compañía Dominicana de Teléfonos, S.A. (“Codetel”)
b)
      Dominican Republic        100.0 %     
100.0
% 
Sercotel, S.A. de C.V.
a)
      Mexico        100.0 %     
100.0
% 
Radiomóvil Dipsa, S.A. de C.V. and subsidiaries (“Telcel”)
b)
      Mexico        100.0 %     
100.0
% 
Puerto Rico Telephone Company, Inc.
b)
      Puerto Rico        100.0 %     
100.0
% 
Servicios de Comunicaciones de Honduras, S.A. de C.V. (“Sercom Honduras”)
b)
      Honduras        100.0 %     
100.0
% 
Claro S.A.
b)
      Brazil        98.2 %     
98.2
% 
NII Brazil Holding S.A.R.L
a)
      Luxembourg        100.0 %     
100.0
% 
Claro NXT Telecomunicações, S.A.
b)
      Brazil        100.0 %     
100.0
% 
Telecomunicaciones de Guatemala, S.A. (“Telgua”)
b)
      Guatemala        99.3 %     
99.3
% 
Claro Guatemala, S.A.
b)
      Guatemala        100.0 %     
100.0
% 
Empresa Nicaragüense de Telecomunicaciones, S.A. (“Enitel”)
b)
      Nicaragua        99.6 %     
99.6
% 
Compañía de Telecomunicaciones de El Salvador, S.A. de C.V. (“CTE”)
b)
      El Salvador        95.8 %     
95.8
% 
Comunicación Celular, S.A. (“Comcel”)
b)
      Colombia        99.4 %     
99.4
% 
Consorcio Ecuatoriano de Telecomunicaciones, S.A. (“Conecel”) 
b)
      Ecuador        100.0 %     
100.0
% 
AMX Argentina, S.A.
b)
      Argentina        100.0 %     
100.0
% 
AMX Paraguay, S.A.
b)
      Paraguay        100.0 %     
100.0
% 
AM Wireless Uruguay, S.A.
b)
      Uruguay        100.0 %     
100.0
% 
Claro Chile, S.A.
c)
      Chile        100.0 %     
—
  
 
América Móvil Perú, S.A.C
b)
      Peru        100.0 %     
100.0
% 
Claro Panamá, S.A.
b) d)
      Panama        100.0 %     
—
  
 
Teléfonos de México, S.A.B. de C.V.
b)
      Mexico        98.8 %     
98.8
% 
Telekom Austria AG
b)
      Austria        51.0 %     
51.0
% 
Joint venture:
                      
 
 
Claro Chile, SpA
c)
      Chile        —        
50.0
% 
 
a)
Holding companies
b)
Operating companies of mobile and fixed services
c)
On October 6, 2022, this entity combined its operations with the Chilean operations of LLA to form a joint venture. See Note 12b.
d)
On July 1, 2022, this entity was discontinued operations. See Note 2Ac.
iii) Basis of translation of financial statements of foreign subsidiaries and associated companies
The operating revenues of foreign subsidiaries represent approximately 65%, 63% and 63% of consolidated operating revenues for the years ended December 31, 2020, 2021 and 2022, respectively, and their total assets represent approximately 70% and 64% of consolidated total assets at December 31, 2021 and 2022, respectively.
The financial statements of foreign subsidiaries have been prepared under or converted to IFRS in the respective local currency (which is their functional currency) and then translated into the Company´s reporting currency as follows:
 
  •  
all monetary assets and liabilities were translated at the closing exchange rate of the period;
 

  •  
all non-monetary assets and liabilities at the closing exchange rate of the period;
 
  •  
equity accounts are translated at the exchange rate at the time the capital contributions were made and the profits were generated;
 
  •  
revenues, costs and expenses are translated at the average exchange rate of the period, except for the operations of the subsidiaries in Argentina, whose economy is considered hyperinflationary since 2018;
 
  •  
the consolidated statements of cash flows presented using the indirect method were translated using the weighted-average exchange rate for the applicable period (except for Argentina), and the resulting difference is shown in the consolidated statements of cash flows under the heading “Adjustment to cash flows due to exchange rate fluctuations, net”.
The difference resulting from the translation process is recognized in equity in the caption “Effect of translation of foreign entities”. At December 31, 2021 and 2022, the cumulative translation adjustment was Ps. (104,270,295) and Ps. (128,299,347), respectively.
The basis of translation for the operations of the subsidiaries in Argentina are described below:
In recent years, the Argentina economy has shown high rates of inflation. Although inflation data has not been consistent in recent years and several indexes have coexisted, inflation in Argentina indicates that the three-year cumulative inflation rate exceeded 100% in 2018, which is one of the quantitative references established by IAS 29. As a result, Argentina was considered a hyperinflationary economy in 2018 and the Company applies hyperinflation accounting to its subsidiary whose functional currency is the Argentine peso for financial information for periods ending on or after July 1, 2018, however the calculation of the cumulative impact was measured as of January 1, 2018.
In order to restate for hyperinflation its financial statements, the subsidiary used the series of indices defined by resolution JG No. 539/18 issued by the “Federación Argentina de Consejos Profesionales de Ciencias Económicas” (“FACPCE”), based on the National Consumer Price Index (IPC) published by the Instituto Nacional de Estadística y Censos (INDEC) of the Argentine Republic and the Wholesale Internal Price Index (IPIM) published by FACPCE. The cumulative index at December 31, 2022 is 1,138.639, while on an annual inflation for 2022 is 95.5%.
The main implications are as follows:
 
  •  
Adjustment of the historical cost of non-monetary assets and liabilities and equity items from their date of acquisition, or the date of inclusion in the consolidated statements of financial position, to the end of the year, in order to reflect changes in the currency’s purchasing power caused by inflation.
 
  •  
The gain on the net monetary position caused by the impact of inflation in the year is included in the consolidated statements of comprehensive income as part of the caption “
Valuation of derivatives, interest cost from labor obligations and other financial items, net”
. Items in the statement of comprehensive income and in the statements of cash flows are adjusted by the inflation index since their origination, with a balancing entry, and a reconciling item in the statements of cash flows, respectively.
 
  •  
All items in the financial statements of the Argentine company are translated at the closing exchange rate, which at December 31, 2021 and 2022 were 0.2004 and 0.1096, respectively, per Argentine peso per Mexican peso.
Revenue recognition
b) Revenue recognition
The Company revenues are derived principally from providing the following telecommunications services and products: wireless voice, wireless data and value-added services, fixed voice, fixed data, broadband and IT services, Pay TV and over-the-top (“OTT”) services.
 
The Company provides fixed and mobile services. These services are offered independently in contracts with customers or together with the sale of handsets (mobile) under the postpaid model. In accordance with IFRS 15
“Revenues from contracts with customers”
, the transaction price should be assigned to the different performance obligations based on their relative standalone selling price.
The Company with respect to the provided services, it has market observable information, to determine the standalone selling price of the services. On the other hand, in the case of the sale of bundled mobile phones sold (including service and handset) by the Company, the allocation of the sales is done based on their relative standalone selling price of each individual component related to the total bundled price. The result is that more equipment revenue is recognized at the moment of a sale and, therefore, less service revenue from the monthly fee is being recognized under IFRS 15.
The services provided by the Company are satisfied over the time of the contract period, given that the customer simultaneously receives and consumes the benefits provided by the Company.
Such service bundles, voice and data, accomplish the criteria mentioned in IFRS 15 of being substantially similar and of having the same transfer pattern which is why the Company concluded that the revenue from these different services offered to its customers are considered as a single performance obligation with revenue being recognized over time, except for sales of equipment.
Under IFRS 15, for those contracts with customers in which generally the sale of equipment and other electronic equipment is a single performance obligation, the Company recognizes the revenue at the moment when it transfers control to the customer which generally occurs when such goods are delivered.
The commissions are considered incremental contract acquisition costs that are capitalized and are amortized over the expected period of benefit, during the average duration of customer contracts.
Some subsidiaries have loyalty programs where the Company awards credits customer credit awards referred as “points”. The customer can redeem accrued “points” for awards such as devices, accessories or airtime. The Company provides all awards. The consideration allocated to the award credits is identified as a separate performance obligation; the corresponding liability of the award credits is measured at its fair value. The consideration allocated to award credits amount is recognized as a contract liability until the points are redeemed. Revenue is recognized upon redemption of products by the customer.
Cost of sales
c) Cost of sales
The cost of mobile equipment and computers is recognized at the time the client and distributor receive the device which is when the control is transferred to the customer.
Cost of services
d) Cost of services
The cost of services represents the costs incurred to properly deliver the services to the customers, it includes the network operating costs and licenses related costs and is accounted at the moment in which such services are provided.
Commissions to distributors
e) Commissions to distributors
The Company pays commissions to its network of distributors primarily to acquire and retain customers for the Company. Such commissions are recognized in
“commercial, administrative and general expenses”
in the consolidated statements of comprehensive income at the time in which the distributor either reports an activation or reaches certain number of lines activated or obtained at a certain point of time.
Cash and cash equivalents
f) Cash and cash equivalents
Cash and cash equivalents represent bank deposits and liquid investments with maturities of less than three months. These amounts are stated at cost plus accrued interest, which is similar to their market value.
The Company also maintains restricted cash held as collateral to meet certain contractual obligations. Restricted cash is presented as part of “Other assets” within other non-current financial assets given that the restrictions are long-term in nature. See Note 9.
Equity investments at fair value through OCI and other short/long-term investments
g) Equity investments at fair value through OCI and other short/long-term investments
Equity investments at fair value through OCI and other short-term investments are primarily composed of equity investments and other short-term financial investments. Amounts are initially recorded at their estimated fair value. Fair value adjustments for equity investments are recorded through other comprehensive income, and other short-term investment.
Inventories
h) Inventories
Inventories are initially recognized at historical cost and are valued using the average cost method without exceeding their net realizable value.
The estimate of the realizable value of inventories on-hand is based on their age and turnover.
Business combinations and goodwill
i) Business combinations and goodwill
Business combinations are accounted for using the acquisition method, which in accordance with IFRS 3, “
Business acquisitions
”, consists in general terms as follows:
 
(i)
Identify the acquirer
 
(ii)
Determine the acquisition date
 
(iii)
Value the acquired identifiable assets and assumed liabilities
 
(iv)
Recognize the goodwill or a bargain purchase gain
For acquired subsidiaries, goodwill represents the difference between the purchase price and the fair value of the net assets acquired at the acquisition date. The investment in acquired associates includes goodwill identified on acquisition, net of any impairment loss.
Goodwill is reviewed annually to determine its recoverability or more often if circumstances indicate that the carrying value of the goodwill might not be fully recoverable.
The possible loss of value in goodwill is determined by analyzing the recovery value of the cash generating unit (or the group thereof) to which the goodwill is associated at the time it was originated. If this recoverable amount is lower than the carrying value, an impairment loss is charged to the results of operations. The recoverable amount is determined based on the higher of fair value less cost of disposal or value in use.
For the years ended December 31, 2020, 2021 and 2022, no impairment losses were recognized for goodwill.
Property, plant and equipment
j) Property, plant and equipment
i) Property, plant and equipment are recorded at acquisition cost, net of accumulated depreciation; except for the passive infrastructure of telecommunications towers, which are recognized under the revaluation model as of December 31, 2020. Depreciation is computed on the cost of assets using the straight-line method, based on the estimated useful lives of the related assets, beginning the month after they become available for use.
 
Borrowing costs that are incurred for general financing for construction in progress for periods exceeding six months are capitalized as part of the cost of the asset. During the years ended December 31, 2020, 2021 and 2022, borrowing costs that were capitalized amounted to Ps. 1,771,613, Ps.1,527,259 and Ps. 1,514,654 respectively.
In addition to the purchase price and costs directly attributable to preparing an asset in terms of its physical location and condition for operating as intended by management, when required, the cost also includes the estimated costs of dismantling and removal of the asset and for restoration of the site where it is located. See Note 16c.
The passive infrastructure of telecommunications towers is recorded at revalued value, which is its fair value at the time of revaluation less accumulated depreciation; if there is any loss or impairment, it must also be considered within its value. The revaluations will be calculated with sufficient regularity to ensure that the book value, every time, does not differ significantly from that which could be determined using the fair value at the end of the reporting period.
The increase resulting from a revaluation is recorded in other comprehensive income (OCI) and is accumulated in equity as a revaluation surplus. To the extent that there is a decrease in revaluation, it will be recognized in profit or loss, except to the extent that it compensates for an existing surplus on the same asset.
An annual transfer of the asset revaluation surplus and accumulated earnings is made to the extent that the asset is used, therefore, the surplus is equal to the difference between the depreciation calculated on the revalued value and the one calculated according to its original cost. These transfers do not record in the results for the period. A total transfer of the surplus may be made when the entity disposes of the asset.
ii) The net book value of property, plant and equipment is removed from the consolidated statements of financial position at the time the asset is sold or when no future economic benefits are expected from its use or sale. Any gains or losses on the sale of property, plant and equipment represent the difference between net proceeds of the sale and the net book value of the item at the time of sale, that are recognized as either other operating income or other operating expenses upon sale.
iii) The Company periodically assesses the residual values, useful lives and depreciation methods associated with its property, plant and equipment. If necessary, the effects of any changes in accounting estimates is recognized prospectively, at the closing of each period, in accordance with IAS 8, “
Accounting Policies, Changes in Accounting Estimates and Errors
”.
For property, plant and equipment made up of several components with different useful lives, the major individual components are depreciated over their individual useful lives. Maintenance costs and repairs are expensed as incurred.
Annual depreciation rates are as follows:
 
Network infrastructure
      5%-33%  
Buildings and leasehold improvement
      2%-33%  
Other assets
      10%-50%  
iv) The carrying value of property, plant and equipment is reviewed annually if there are indicators of impairment in such assets. If an asset’s recovery value is less than the asset’s net carrying value, the difference is recognized as an impairment loss.
During the years ended December 31, 2020, 2021 and 2022, no impairment losses were recognized.
v) Spare parts for network operation are recognized at cost.
 
The valuation of inventory for network considered obsolete, defective or slow-moving, is reduced to their estimated net realizable value. The estimate of the recovery value of inventories is based on their age and turnover.
Intangibles
k) Intangibles
i) Licenses
Licenses to operate wireless telecommunications networks granted by the governments of the countries in which the Company operates are recorded at acquisition cost or at fair value at their acquisition date, net of accumulated amortization. Certain licenses require payments to the governments, such payments are recognized in the cost of service and equipment.
The licenses that in accordance with government requirements are categorized as automatically renewable, for a nominal cost and with substantially consistent terms, are considered by the Company as intangible assets with an indefinite useful life. Accordingly, they are not amortized. Licenses are amortized when the Company does not have a basis to conclude that they are indefinite lived. Licenses are amortized using the straight-line method over a period ranging from 3 to 30 years, which represents the usage period of the assets.
The Company has conducted an internal analysis on the applicability of the International Financial Reporting Interpretation Committee (“IFRIC”) No. 12 (Service Concession Agreements) and has concluded that its concessions are outside the scope of IFRIC 12. To determine the applicability of IFRIC 12, the Company analyzes each concession or group of similar concessions in a given jurisdiction. As a threshold matter, the Company identifies those government concessions that provide for the development, financing, operation or maintenance of infrastructure used to render a public service, and that set out performance standards, mechanisms for adjusting prices and arrangements for arbitrating disputes.
With respect to those services, the Company evaluates whether the grantor controls or regulates (i) what services the operator must provide, (ii) to whom it must provide them and (iii) the applicable price (the “Services Criterion”). In evaluating whether the applicable government, as grantor, controls the price at which the Company provides its services, the Company looks at the terms of the concession agreement according to all applicable regulations. If the Company determines that the concession under analysis meets the Services Criterion, then the Company evaluates whether the grantor would hold a significant residual interest in the concession’s infrastructure at the end of the term of the arrangement.
ii) Trademarks
Trademarks acquired are measured on initial recognition at cost. The cost of trademarks acquired in a business combination is their fair value at the date of acquisition. The useful lives of trademarks are assessed as either definite or indefinite. Trademarks with finite useful lives are amortized using the straight-line method over a period ranging from 1 to 10 years. Trademarks with indefinite useful lives are not amortized but are tested for impairment annually at the cash generating unit level. The assessment of indefinite life is reviewed annually to determine whether the indefinite life continues to be supportable, if not, the change in useful life from indefinite to definite is made on a prospective basis.
iii) Irrevocable rights of use
Irrevocable rights of use are recognized according to the amount paid for the right and are amortized over the period in which they are granted.
The carrying values of the Company’s licenses and trademarks are reviewed annually and whenever there are indicators of impairment in the value of such assets. When an asset’s recoverable amount, which is the higher of the asset’s fair value, less disposal costs and its value in use (the present value of future cash flows), is less than the asset’s carrying value, the difference is recognized as an impairment loss.
 
iv) Customer relationships
The value of customer relations is determined and valued at the time that a new subsidiary is acquired, as determined by the Company with the assistance of independent appraisers and is amortized over a 5-year period.
During the years ended December 31, 2020, 2021 and 2022, no significant impairment losses were recognized for licenses, trademarks, irrevocable rights of use or customer relationships.
Impairment in the value of long-lived assets
l) Impairment in the value of long-lived assets
The Company assesses the existence of indicators of impairment in the carrying value of long-lived assets, goodwill and intangible assets according to IAS 36 “
Impairment of assets
”. When there are such indicators, or in the case of assets whose nature requires an annual impairment analysis (goodwill and intangible assets with indefinite useful lives), the Company estimates the recoverable amount of the asset, which is the higher of its fair value, less disposal costs, and its value in use. Value in use is determined by discounting estimated future cash flows, applying a pre-tax discount rate that reflects the time value of money and taking into consideration the specific risks associated with the asset. When the recoverable amount of an asset is below its carrying value, impairment is considered to exist. In this case, the carrying value of the asset is reduced to the asset’s recoverable amount, recognizing the loss in results of operations for the respective period. Depreciation and/or amortization expense of future periods is adjusted based on the new carrying value determined for the asset over the asset’s remaining useful life. Impairment is computed individually for each asset. Recoverable amount is determined for an individual asset, unless the asset does not generate cash inflows that are largely independent of those from other assets or group of assets.
In the estimation of impairments, the Company uses the strategic plans established for the separate cash-generating units to which the assets are assigned. Such strategic plans generally cover a period from 3 to 5 years. For longer periods, beginning in the fifth year, projections are based on such strategic plans while applying a constant or declining expected perpetual growth rate.
Key assumptions used in value in use calculations
The forecasts are made in real terms (net of inflation) and in the functional currency of the subsidiary as of December 31, 2022. Financial forecasts, premises and assumptions are similar to what any other market participant in similar conditions would consider, including the impact of the COVID-19 pandemic.
Local synergies, that any other market participant would not have taken into consideration to prepare similar forecasted financial information, have not been included.
The assumptions used to develop the financial forecasts were validated for each of the cash generating units (“CGUs”), typically identified by country and by service (in the case of Mexico) taking into consideration the following:
 
 
•
 
Current subscribers and expected growth.
 
 
•
 
Type of subscribers (prepaid, postpaid, fixed line, multiple services)
 
 
•
 
Market environment and penetration expectations
 
 
•
 
New products and services
 
 
•
 
Economic environment of each country
 
 
•
 
Expenses for maintaining the current assets
 
 
•
 
Investments in technology for expanding the current assets
 
 
•
 
Market consolidation and synergies
 
The foregoing forecasts could differ from the results obtained through time; however, the Company prepares its estimates based on the current situation of each of the CGUs.
The recoverable amounts are based on value in use. The value in use is determined based on the method of discounted cash flows. The key assumptions used in projecting cash flows are:
 
  •  
Margin on EBITDA is determined by dividing EBITDA (operating income plus depreciation and amortization) by total revenues.
 
  •  
Margin on CAPEX is determined by dividing capital expenditures (“CAPEX”) by total revenues.
 
  •  
Pre-tax weighted average cost of capital (“WACC”) is used to discount the projected cash flows.
As discount rate, the Company uses the WACC which was determined for each of the cash generating units and is described in the following paragraphs.
The estimated discount rates to perform the IAS 36 “
Impairment of assets
”, impairment test for each CGU consider market participants assumptions. Market participants were selected taking into consideration size, operations and characteristics of the business that were similar to those of Company. These discount rates do not include inflation.
The discount rates represent the current market assessment of the risks specific to each CGU, taking into consideration the time value of money and individual risks of the underlying assets that have not been incorporated in the cash flow estimates. The discount rate calculation is based on the specific circumstances of the Company and its operating segments. The WACC takes into account both debt and equity costs. The cost of equity is derived from the expected return on investment for each GCU. The cost of debt is based on the interest-bearing borrowings the Company is obliged to service. Segment-specific risk is incorporated by applying individual beta factors.
The beta factors are evaluated annually based on publicly available market data.
Market participant assumptions are important because, not only do they include industry data for growth rates, but also management assesses how the CGU’s position, relative to its competitors, might change over the forecasted period.
 
The most significant forward-looking estimates used for the 2021 and 2022 impairment evaluations are shown below:
 
    
Average margin on

EBIDTA
    
Average margin on

CAPEX
    
Average pre-tax

discount rate

(WACC)
  
2021:
                         
Europe (7 countries)
     
31.60% - 45.32%
      
7.48% - 24.37%
      
2.91% - 9.83%
  
Brazil (fixed line, wireless and TV)
      41.37%       22.98%       4.62%  
Puerto Rico
      21.54%       14.36%       3.00%  
Dominican Republic
      52.02%       13.86%       5.84%  
Mexico (fixed line and wireless)
      36.21%       15.89%       6.24%  
Ecuador
      44.76%       12.48%       14.48%  
Peru
      36.63%       17.19%       3.99%  
El Salvador
      44.82%       24.25%       10.78%  
Colombia
      43.36%       23.18%       7.18%  
Other countries
     
30.55% - 48.52%
      
4.91% - 30.03%
      
4.64% - 14.39%
  
2022:
                         
Europe (7 countries)
   
 
32.70% - 47.31%
 
  
 
7.7% - 21.1%
 
  
 
5.47% - 24.11%
 
Brazil (fixed line, wireless and TV)
   
 
41.90%
 
  
 
19.62%
 
  
 
9.30%
 
Puerto Rico
   
 
26.98%
 
  
 
8.91%
 
  
 
6.14%
 
Dominican Republic
   
 
53.93%
 
  
 
13.82%
 
  
 
11.13%
 
Mexico (fixed line and wireless)
   
 
36.19%
 
  
 
18.61%
 
  
 
8.60%
 
Ecuador
   
 
47.14%
 
  
 
18.42%
 
  
 
20.13%
 
Peru
   
 
36.53%
 
  
 
21.05%
 
  
 
10.39%
 
El Salvador
   
 
45.18%
 
  
 
17.59%
 
  
 
22.37%
 
Colombia
   
 
42.25%
 
  
 
27.41%
 
  
 
13.70%
 
Other countries
   
 
32.92% - 49.54%
 
  
 
9.63% - 25.97%
 
  
 
9.16% - 29.94%
 
Sensitivity to changes in assumptions:
The implications of the key assumptions for the recoverable amount are discussed below:
Margin on CAPEX- The Company performed a sensitivity analysis by increasing its CAPEX by 5% and maintaining all other assumptions the same. The sensitivity analysis would require the Company to adjust the amount of its long-lived and indefinite-life assets in its CGUs with potential impairment of approximately Ps. 824,210.
WACC- Additionally, should the Company increase by 50 base points in WACC per CGU and maintain all other assumptions the same, results without impairment.
Right-of-use assets
m
)
Right-of-use assets
The Company applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets. The Company recognizes lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets.

i)
Right-of-use
assets
The Company recognizes
right-of-use
assets at the commencement date of the lease (i.e., the date the underlying asset is available for use).
Right-of-use
assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of
right-of-use
assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or
 
before the commencement date less any lease incentives received.
Right-of-use
assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets, as follows:

 
Assets
  
Useful life
Towers and sites
    5 to 12 years
Property
    10 to 25 years
Other equipment
    5 to 15 years
The right-of-use assets are also subject to impairment test.
 
ii)
Lease liabilities.
At the commencement date of the lease, the Company recognizes the lease liabilities measured at the present value of the lease payments to be made over the lease term. Lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or rate, and amounts expected to be paid under residual value guarantees. The lease payments also include payments of penalties for early termination of the lease, if the term of the lease reflects that the Company exercises the option to terminate early. The variable lease payments that do not depend on an index or a rate are recognized as an expense in the period on which the event or condition that triggers the payment occurs.
In calculating the present value of the lease payments, the Company uses an incremental borrowing rate at the lease commencement date, if the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of the lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the in-substance fixed payments or change in the assessment to purchase the underlying asset.
 
iii)
Short-term leases and leases of low value assets.
The Company applies the short-term lease recognition exemption for its leases of machinery and equipment (i.e., those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). It also applies the recognition exemption lease of low-value assets (that is, below US$ 5,000). Short-term lease payments and leases of low-value assets are recognized as expenses on straight-line basis over the lease term.
Financial assets and liabilities
n) Financial assets and liabilities
Financial assets
Initial recognition and measurement
Financial assets are classified, at initial recognition, as subsequently measured at amortized cost, fair value through other comprehensive income (OCI), and fair value through profit or loss.
The classification of financial assets at initial recognition depends on the financial asset’s contractual cash flow characteristics and the Company’s business model for managing them, with the exception of trade receivables that do not contain a significant financing component or for which the Company has applied the practical expedient, the Company initially measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs.
Subsequent measurement
For purposes of subsequent measurement, financial assets are classified in four categories:
 
 
•
 
Financial assets at amortized cost (debt instruments)
 
  •  
Financial assets at fair value through OCI with recycling of cumulative gains and losses (debt instruments)
 
  •  
Financial assets designated at fair value through OCI with no recycling of cumulative gains and losses upon derecognition (equity instruments)
 
  •  
Financial assets at fair value through profit or loss
Financial assets at amortized cost (debt instruments)
The Company measures financial assets at amortized cost if both of the following conditions are met:
 
  •  
The financial asset is held within a business model with the objective to hold financial assets in order to collect contractual cash flows, and
 
  •  
The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding
Financial assets at amortized cost are subsequently measured using the effective interest (EIR) method and are subject to impairment. Gains and losses are recognized in profit or loss when the asset is derecognized, modified or impaired.
The Company’s financial assets at amortized cost includes cash equivalents and receivables.
Financial assets at fair value through OCI with recycling of cumulative gains and losses (debt instruments)
The Company measures debt instruments at fair value through OCI if both of the following conditions are met:
 
  •  
The financial asset is held within a business model with the objective of both holding to collect contractual cash flows and selling, and
 
  •  
The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding
For debt instruments at fair value through OCI, interest income, foreign exchange revaluation and impairment losses or reversals are recognized in the statements of profit or loss and computed in the same manner as for financial assets measured at amortized cost. The remaining fair value changes are recognized in OCI. Upon derecognition, the cumulative fair value change recognized in OCI is recycled to profit or loss.
Financial assets designated at fair value through OCI with no recycling of cumulative gains and losses upon derecognition (equity instruments)
Upon initial recognition, the Company can elect to classify irrevocably its equity investments as equity instruments designated at fair value through OCI when they meet the definition of equity under IAS 32 Financial Instruments: Presentation, and are not held for trading. The classification is determined on an instrument by instrument basis. More details of these investments are disclosed in Note 4 to the accompanying consolidated financial statements.
Gains and losses on these financial assets are never recycled to profit or loss. Dividends are recognized as other income in the statements of profit or loss when the right of payment has been established, except when the Company benefits from such proceeds as a recovery of part of the cost of the financial asset, in which case, such gains are recorded in OCI. Equity instruments designated at fair value through OCI are not subject to impairment assessment.
Financial assets at fair value through profit or loss
Financial assets at fair value through profit or loss include financial assets held for trading, financial assets designated upon initial recognition at fair value through profit or loss, or financial assets mandatorily required to
 
be measured at fair value. Financial assets are classified as held for trading if they are acquired for the purpose of selling or repurchasing in the near term. Derivatives, including separated embedded derivatives, are also classified as held for trading unless they are designated as effective hedging instruments. Financial assets with cash flows that are not solely payments of principal and interest are classified and measured at fair value through profit or loss, irrespective of the business model. Notwithstanding the criteria for debt instruments to be classified at amortized cost or at fair value through OCI, as described above, debt instruments may be designated at fair value through profit or loss on initial recognition if doing so eliminates, or significantly reduces, an accounting mismatch.
Financial assets at fair value through profit or loss are carried in the statements of financial position at fair value with net changes in fair value recognized in the consolidated statements of comprehensive income within “Valuation of derivatives, interest cost from labor obligations and other financial items”.
Derecognition of financial assets
A financial asset is primarily derecognized when:
 
  •  
The rights to receive cash flows from the asset have expired, or
 
  •  
The Company has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a ‘pass-through’ arrangement; and either (a) the Company has transferred substantially all the risks and rewards of the asset, or (b) the Company has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset
When the Company has transferred its rights to receive cash flows from an asset or has entered into a passthrough arrangement, it evaluates if, and to what extent, it has retained the risks and rewards of ownership. When it has neither transferred nor retained substantially all the risks and rewards of the asset, nor transferred control of the asset, the Company continues to recognize the transferred asset to the extent of its continued involvement. In that case, the Company also recognizes an associated liability. The transferred asset and the associated liability are measured on a basis that reflects the rights and obligations that the Company has retained.
Impairment of financial assets
The Company recognizes an allowance for expected credit losses (ECLs) for all debt instruments not held at fair value through profit or loss. ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Company expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms.
ECLs are recognized in two stages. For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12-months (a 12-month ECL). For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is required for credit losses expected over the remaining life of the exposure, irrespective of the timing of the default (a lifetime ECL).
For some trade receivables and contract assets
based on available information
, the Company applies the simplified approach in calculating ECLs. Therefore, the Company does not track changes in credit risk, but instead recognizes a loss allowance based on lifetime ECLs at each reporting date. The Company has established a
loss rate approach
that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment, including the impact by the COVID-19 pandemic.
 
Financial liabilities
Initial recognition
Financial liabilities are classified, at initial recognition, as financial liabilities at fair value through profit or loss, loans and borrowings, payables, or as derivatives designated as hedging instruments in an effective hedge, as appropriate.
All financial liabilities are recognized initially at fair value and, in the case of loans and borrowings and payables, net of directly attributable transaction costs.
The Company’s financial liabilities include trade and other payables, loans and borrowings including bank overdrafts, and derivative financial instruments.
Subsequent measurement
The measurement of financial liabilities depends on their classification, as described below:
Financial liabilities at fair value through profit or loss include financial liabilities held for trading and financial liabilities designated upon initial recognition as at fair value through profit or loss.
Financial liabilities are classified as held for trading if they are incurred for the purpose of repurchasing in the near term. This category also includes derivative financial instruments entered into by the Company that are not designated as hedging instruments in hedge relationships as defined by IFRS 9. Separated embedded derivatives are also classified as held for trading unless they are designated as effective hedging instruments.
Gains or losses on liabilities held for trading are recognized in the statements of profit or loss.
Financial liabilities designated upon initial recognition at fair value through profit or loss are designated at the initial date of recognition, and only if the criteria in IFRS 9 are satisfied. The Company has not designated any financial liability as at fair value through profit or loss.
Loans and borrowings
After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost using the EIR method. Gains and losses are recognized in profit or loss when the liabilities are derecognized as well as through the EIR amortization process.
Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the EIR. The EIR amortization is included as finance costs in the statements of profit or loss.
Derecognition of financial liabilities
A financial liability is derecognized when the obligation under the liability is discharged, cancelled or expires. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as the derecognition of the original liability and the recognition of a new liability. The difference in the respective carrying amounts is recognized in the consolidated statements of comprehensive income.
Offsetting of financial instruments
Financial assets and financial liabilities are offset and the net amount is reported in the consolidated statements of financial position if there is a currently enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis, to realize the assets and settle the liabilities simultaneously.
Transactions in foreign currency
o) Transactions in foreign currency
Transactions in foreign currency are initially recorded at the prevailing exchange rate at the time of the related transactions. Foreign currency denominated assets and liabilities are subsequently translated at the prevailing exchange rate at the financial statements reporting date. Exchange differences determined from the transaction date to the time foreign currency denominated assets and liabilities are settled or translated at the financial statements reporting date are charged or credited to the results of operations.
In determining the spot exchange rate to use on initial recognition of the related asset, expense or income (or part of it) on the derecognition of a
non-monetary
asset or
non-monetary
liability relating to advance consideration, the date of the transaction is the date on which the Company initially recognizes the
non-monetary
asset or
non-monetary
liability arising from the advance consideration. If there are multiple payments or receipts in advance, the Company determines the transaction date for each payment or receipt of advance consideration.
The exchange rates used for the translation of foreign currencies against the Mexican peso are as follows:
 
         
Average exchange rate
     
Closing exchange rate
at December 31,
  
Country or Zone
   
Currency
    2020      2021     
2022
      2021     
2022
  
Argentina
(1)
    Argentine Peso (AR$)      0.3070        0.2137     
 
0.1586
 
      0.2004     
 
0.1096
 
Brazil    Real (R$)      4.1850        3.7625     
 
3.9045
 
      3.6885     
 
3.7209
 
Colombia    Colombian Peso (COP$)      0.0058        0.0054     
 
0.0048
 
      0.0052     
 
0.0040
 
Guatemala    Quetzal      2.7826        2.6212     
 
2.5981
 
      2.6666     
 
2.4725
 
U.S.A.
(2)
    US Dollar      21.4860        20.2769     
 
20.1283
 
      20.5835     
 
19.4143
 
Uruguay    Uruguay Peso      0.5110        0.4655     
 
0.4893
 
      0.4605     
 
0.4845
 
Nicaragua    Cordoba      0.6257        0.5765     
 
0.5611
 
      0.5795     
 
0.5359
 
Honduras    Lempira      0.8678        0.8384     
 
0.8171
 
      0.8396     
 
0.7853
 
Chile    Chilean Peso      0.0271        0.0268     
 
0.0232
 
      0.0244     
 
0.0226
 
Paraguay    Guaraní      0.0032        0.0030     
 
0.0029
 
      0.0030     
 
0.0026
 
Peru    Sol (PEN$)      6.1483        5.2297     
 
5.2454
 
      5.1484     
 
5.0823
 
Dominican Republic    Dominican Peso      0.3766        0.3540     
 
0.3647
 
      0.3570     
 
0.3436
 
Costa Rica    Colon      0.0366        0.0325     
 
0.0310
 
      0.0319     
 
0.0323
 
European Union    Euro      24.5080        23.9835     
 
21.2285
 
      23.4220     
 
20.7830
 
Bulgaria    Lev      12.5284        12.2617     
 
10.8523
 
      11.9762     
 
10.6188
 
Belarus    New Belarusian Ruble      8.8172        7.9932     
 
7.3993
 
      8.0279     
 
7.0644
 
Croatia    Croatian Kuna      3.2498        3.1852     
 
2.8173
 
      3.1161     
 
2.7584
 
Macedonia    Macedonian Denar      0.3975        0.3893     
 
0.3445
 
      0.3800     
 
0.3378
 
Serbia    Serbian Denar      0.2083        0.2040     
 
0.1807
 
      0.1992     
 
0.1772
 
 
(1)
Year-end rates are used for the translation of revenues and expenses if IAS 29
“Financial Reporting in Hyperinflationary Economies”
is applied.
Financial reporting in hyperinflationary economies
Financial statements of Argentina subsidiaries are restated before translation to the reporting currency of the Company and before consolidation in order to reflect the same value of money for all items. Items recognized in the statements of financial position which are not measured at the applicable year-end measuring unit are restated based on the general price index. All non-monetary items measured at cost or amortized cost is restated for the changes in the general price index from the date of transaction or the last hyperinflationary calculation to the reporting date. Monetary items are not restated. All items of shareholders’ equity are restated for the changes in the general price index since their addition or the last hyperinflationary calculation until the end of the reporting period. All items of comprehensive income are restated for the change in a general price index from the date of initial recognition to the reporting date. Gains and losses resulting from the net-position of monetary items are reported in the consolidated
 
statements of operations in financial result in exchange differences. In accordance with IFRS, prior year financial statements were not restated.
 
(2)
Includes U.S.A., Ecuador, El Salvador, Puerto Rico and Panama.
As of April 28, 2023, the exchange rate between the US dollar and the Mexican Peso was Ps. 18.0723. The appreciation of the Mexican peso against the US dollar represent 6.91% with respect to the
year-end
value.
Accounts payable, accrued liabilities and provisions
p) Accounts payable, accrued liabilities and provisions
Liabilities are recognized whenever (i) the Company has current obligations (legal or assumed) resulting from a past event, (ii) when it is probable the obligation will give rise to a future cash disbursement for its settlement, and (iii) the amount
of
the obligation can be reasonably estimated.
When the effect of the time value of money is significant, the amount of the liability is determined as the present value of the expected
disbursements
to settle the obligation. The discount rate is determined on a pre-tax basis and reflects current market conditions at the financial statements reporting date and, where appropriate, the risks specific to the liability. Where discounting is used, an increase in the liability is recognized as finance expense.
Contingent liabilities are recognized only when it is probable, they will give rise to a future cash disbursement for their settlement.
Employee benefits
q) Employee benefits
The Company has defined benefit pension plans for its subsidiaries Puerto Rico Telephone Company, Teléfonos de México, Claro S.A., and Telekom Austria. Claro S.A. also has medical plans and defined contribution plans and Telekom Austria provides retirement benefits to its employees under a defined contribution plan. The Company recognizes the costs of these plans based upon independent actuarial computations and are determined using the projected unit credit method. The latest actuarial computations were prepared as of December 31, 2022.
Mexico
Mexican subsidiaries have the obligation to pay seniority premiums to personnel based on the Mexican Federal Labor Law which also establishes the obligation to make certain payments to personnel who cease to provide services under certain circumstances. Pensions (for Telmex) and seniority premiums are determined based on the salary of employees in their final year of service, the number of years worked at and their age at the moment of retirement.
The costs of pensions, seniority premiums and severance benefits, are recognized based on calculations by independent actuaries using the projected unit credit method using financial hypotheses, net of inflation.
Telmex has established an irrevocable trust fund and makes annual contributions to that fund.
Puerto Rico
In Puerto Rico, the Company has noncontributing pension plans for full-time employees, which are tax qualified as they meet Employee Retirement Income Security Act of 1974 requirements.
The pension benefit is composed of two elements:
(i) An employee receives an annuity at retirement if they meet the rule of 85 (age at retirement plus accumulated years of service). The annuity is calculated by applying a percentage times year of services to the last three years of salary.
 
(ii) The second element is a lump-sum benefit based on years of service ranging from 9 to 12 months of salary. Health care and life insurance benefits are also provided to retirees under a separate plan (post-retirement benefits).
Brazil
Claro S.A. provides a defined benefit plan and post-retirement medical assistance plan, and a defined contribution plan, through a pension fund that supplements the government retirement benefit for certain employees.
Under the defined benefit plan, the Company makes monthly contributions to the pension fund equal to 17.5% of the employee’s aggregate salary. In addition, the Company contributes a percentage of the aggregate salary base for funding the post-retirement medical assistance plan for the employees who remain in the defined benefit plan. Each employee makes contributions to the pension fund based on age and salary. All newly hired employees automatically adhere to the defined contribution plan and no further admittance to the defined benefit plan is allowed. For the defined contribution plan. See Note 18.
Austria
Telekom Austria provides retirement benefits to its employees under defined contribution and defined benefit plans.
The Company pays contributions to publicly or privately administered pension or severance insurance plans on mandatory or contractual basis. Once the contributions have been paid, the Company has no further payment obligations. The regular contributions are recognized as employee expenses in the year in which they are due.
All other employee benefit obligations provided in Austria are unfunded defined benefit plans for which the Company records provisions which are calculated using the projected unit credit method. The future benefit obligations are measured using actuarial methods on the basis of an appropriate assessment of the discount rate, rate of employee turnover, rate of compensation increase and rate of increase in pensions.
For severance and pensions, the subsidiary recognizes actuarial gains and losses in other comprehensive income. The re-measurement of defined benefit plans relates to actuarial gains and losses only as Telekom Austria holds no plan assets. Interest expense related to employee benefit obligations is reported in “Valuation of derivatives, interests cost from labor obligation and other financial items, net” in the statements of comprehensive income.
Other subsidiaries
For the rest of the Company’s subsidiaries, there are no defined benefit plans or compulsory defined contribution structures. However, certain subsidiaries make contributions to national pension, social security and severance plans in accordance with the percentages and rates established by the applicable social security and labor laws of each country. Such contributions are made to the entities designated by the countries legislation and are recorded as direct labor expenses in the consolidated statements of comprehensive income as they are incurred.
Remeasurements of defined benefit plans, comprising of actuarial gains and losses, the effect of the asset ceiling, excluding net interest and the return on plan assets (excluding net interest), are recognized immediately in the consolidated statements of financial position with a corresponding debit or credit to “Remeasurement of defined benefit plan” through OCI in the period in which they occur.
Re-measurements
are not reclassified to profit or loss in subsequent periods.
Past service costs are recognized in profit or loss on the earlier of:
 
(i)
The date of the plan amendment or curtailment, and
 
(ii)
The date that the Company recognizes restructuring-related costs
 
Net interest on liability for defined benefits is calculated by applying the discount rate to the net defined benefit liability or asset and it is recognized in the “valuation of derivatives, interest cost from labor obligations and other financial items” in the consolidated statements of comprehensive income. The Company recognizes the changes in the net defined benefit obligation under “Cost of sales and services” and “Commercial, administrative and general expenses” in the consolidated statements of comprehensive income.
Paid absences
The Company recognizes a provision for the cost of paid absences, such as vacation time, based on the accrual method.
Employee profit sharing ("EPS")
r) Employee profit sharing (“EPS”)
EPS is paid by certain subsidiaries of the Company to its eligible employees. The Company has employee profit sharing in Mexico, Ecuador and Peru. In Mexico, employee profit sharing is computed at the rate of 10% on the individual subsidiaries taxable base adjusted for employee profit sharing purposes as provided by law.
Employee profit sharing is presented as an operating expense in the consolidated statements of comprehensive income.
The amendment to the Federal Labor Law in Mexico dated April 23, 2021 established a limit on the amount to be paid for profit sharing to employees, which indicates that the amount of EPS assigned to each employee may not exceed the equivalent of three months of the employee’s current salary, or the average EPS received by the employee in the previous three years, whichever is greater. If the EPS determined is less than or equal to this limit, the EPS will be determined by applying 10% of the individual company taxable income. If the EPS determined exceeds this limit, the limit would apply and this should be considered the EPS for the period.
Taxes
s) Taxes
Income taxes
Current income tax payable is presented as a short-term liability, net of prepayments made during the year.
Deferred income tax is determined using the liability method based on the temporary differences between the tax values of the assets and liabilities and their book values at the consolidated financial statements reporting date.
Deferred tax assets and liabilities are measured using the tax rates that are expected to be in effect in the period when the asset will materialize or the liability will be settled, based on the enacted tax rates (and tax legislation) that have been enacted or substantially enacted at the financial statements reporting date. The value of deferred tax assets is reviewed by the Company at each financial statement reporting date and is reduced to the extent that it is more likely that the Company will not have sufficient future tax profits to allow for the realization of all or a part of its deferred tax assets. Unrecognized deferred tax assets are revalued at each financial statement reporting date and are recognized when it is more likely that there will be sufficient future tax profits to allow for the realization of these assets.
Deferred taxes relating to items recognized in Other Comprehensive Income are recognized together with the concept that generated such deferred taxes. Deferred taxes consequence on unremitted earnings from subsidiaries and associates are considered as temporary differences, when the timing of the reversal of the temporary differences can be controlled and it is probable that the temporary differences will not reverse in the foreseeable future. Taxes withheld on remitted foreign earnings are creditable against Mexican taxes, thus to the extent that a remittance is to be made, the deferred tax would be limited to the incremental difference between the Mexican tax rate and the rate of the remitting country. As of December 31, 2021 and 2022, the Company has not provided for any deferred taxes related to unremitted foreign earnings.
 
The Company offsets tax assets and liabilities if it has a legally enforceable right to set off current tax assets and current tax liabilities and the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same tax authority.
Sales tax
Revenues, expenses and assets are recognized net of the amount of sales tax, except:
 
  •  
When the sales tax incurred on a purchase of assets or services is not recoverable from the taxation authority, in which case, the sales tax is recognized as part of the cost of acquisition of the asset or as part of the expense item, as applicable.
 
  •  
Receivables and payables that are stated with the amount of sales tax included.
The net amount of sales tax recoverable from, or payable to, the tax authorities is included as part of the current receivables or payables in the consolidated statements of financial position unless they are due in more than a year in which case they are classified as non-current.
Uncertainty over Income Tax Treatments
The acceptability of a particular tax treatment under tax law may not be known until the tax authority or courts of justice reach a decision in the future. Consequently, a dispute or inspection of a specific tax treatment by the tax authority could affect the accounting of the asset or liability for current or deferred taxes by the Company.
In accordance with IFRIC 23
Uncertainty over Income Tax Treatments
, the Company determines each uncertain tax treatment based on the approach that best predicts the resolution of the uncertainty.
To determine the approach that best predicts the resolution of the uncertainty, the Company may consider, for example:
(a) How does the Company prepare their income tax return and support such tax treatments and how it sustains the tax treatments
(b) How does the Company expect that the tax authority carry-out its inspection and resolve the issues that arise from the aforementioned inspection.
The Company must disclose in the notes to the consolidated financial statements what is mentioned below:
1) The Company must determine whether the uncertain tax treatments will be evaluated separately or as a whole;
2) The Company will assume that the authority will examine the tax situation and will be aware of considering all information relevant to said treatment;
3) If it is concluded that it is unlikely that the authority will accept an uncertain fiscal position, the effect of the uncertainty will be reflected when determining its accounting fiscal position, estimating the effect based on the following methods:
a) Most probable quantity – is the only quantity in a range of possible outcomes that can be predicted by the resolution of the uncertainty; either
b) Expected value – is the value resulting from the sum of the different amounts weighted by their probability of occurrence, in a range of possible results. The expected value is the one that can best predict the resolution of the uncertainty, if there is a range of possible outcomes.
 
4) If the uncertain tax treatment affects the tax base for tax (caused) and deferred tax, the Company must make consistent judgments and estimates in the determination of both taxes; and
5) The Company must reassess a judgment or estimate of an uncertain tax treatment and its effects, if the facts and circumstances on which they were initially based change, or if new information arises that affects the judgment or estimate. ´
The effects should be recognized as a change in an accounting estimate based on the provision of IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors.
Advertising
t) Advertising
Advertising expenses are recognized as incurred. For the years ended December 31, 2020, 2021 and 2022, advertising expenses were Ps. 10,405,228 , Ps. 11,118,723 and Ps. 12,676,350 respectively, and are presented in the consolidated statements of comprehensive income in the caption “Commercial, administrative and general expenses”.
Earnings per share
u) Earnings per share
Basic and diluted earnings per share are determined by dividing net profit of the year by the weighted-average number of shares outstanding during the year. In determining the weighted average number of outstanding shares, shares repurchased by the Company have been excluded.
Financial risks
v) Financial risks
The main risks associated with the Company’s financial instruments are: (i) liquidity risk, (ii) market risk (foreign currency exchange risk and interest rate risk) and (iii) credit risk and counterparty risk. The Board of Directors approves the policies submitted by management to mitigate these risks.
i) Liquidity risk
Liquidity risk is the risk that the Company may not meet its financial obligations associated with financial instruments when they are due. The Company’s financial obligations and commitments are included in Notes 14 and 17.
ii) Market risk
The Company is exposed to certain market risks derived from changes in interest rates and fluctuations in exchange rates of foreign currencies. The Company’s debt is denominated in foreign currencies, mainly in US dollars and euros, other than its functional currency. In order to reduce the risks related to fluctuations in the exchange rate of foreign currency, the Company uses derivative financial instruments such as cross-currency swaps and forwards to adjust exposures resulting from foreign exchange currency. The Company does not use derivatives to hedge the exchange risk arising from having operations in different countries.
Additionally, the Company occasionally uses interest rate swaps to adjust its exposure to the variability of the interest rates or to reduce their financing costs. The Company’s practices vary from time to time depending on judgments about the level of risk, expectations of change in the movements of interest rates and the costs of using derivatives. The Company may terminate or modify a derivative financial instrument at any time. See Note 7 for disclosure of the fair value of derivatives as of December 31, 2021 and 2022.
 
iii) Credit risk
Credit risk represents the loss that could be recognized in case the counterparties fail to comply with their contractual obligations.
The financial instruments that potentially represent concentrations of credit risk are cash and short-term deposits, trade accounts receivable and financial instruments related to debt and derivatives. The Company’s policy is designed in order to limit its exposure to any one financial institution; therefore, the Company’s financial instruments are contracted with several different financial institutions located in different geographic regions.
The credit risk in accounts receivable is diversified because the Company has a broad customer base that is geographically dispersed. The Company continuously evaluates the credit conditions of its customers and generally does not require collateral to guarantee collection of its accounts receivable. The Company monitors on a monthly basis its collection cycle to avoid deterioration of its results of operations.
A portion of the Company’s cash surplus is invested in short- term deposits with financial institutions with high credit ratings.
iv) Sensitivity analysis for market risks
The Company uses sensitivity analysis to measure the potential losses based on a theoretical increase of 100 basis points in interest rates and a 5% fluctuation in exchange rates:
Interest rate
In the event that the Company’s agreed-upon interest rates at December 31, 2022 increase/decrease by 100
basis points and a 6.33% fluctuation in exchange rates between the Mexican Peso and US Dollar, the net interest expense would increase by
Ps.1,828,215 and (decrease) by Ps.(11,128,215), respectively.
Exchange rate fluctuations
Should the Company’s debt at December 31, 2022 of Ps. 510,589,480, if suffer a 5% increase/(decrease) in exchange rates, the debt would increase/(decrease) by Ps. 536,118,954 and Ps. (485,060,006), respectively.
Derivative financial instruments
w) Derivative financial instruments
Derivative financial instruments are recognized in the consolidated statements of financial position at fair value. Valuations obtained by the Company are compared against those of the financial institutions with which the agreements are entered into, and it is the Company’s policy to compare such fair value to a valuation provided by an independent pricing provider in case of discrepancies. Changes in the fair value of derivatives that do not qualify as hedging instruments are recognized immediately in the line “Valuation of derivatives, interest cost from labor obligations and other financial items, net”.
The Company is exposed to interest rate and foreign currency risks, which tries to mitigate through a controlled risk management program that includes the use of derivative financial instruments. The Company principally uses to attempt to offset the risk of exchange rate and interest rate fluctuations. Additionally, for the years ended December 31, 2020, 2021 and 2022 certain of the Company’s derivative financial instruments had been designated, and had qualified, as cash flow hedges. The effective portion of gains or losses on the cash flow derivatives is recognized in equity under the heading “Unrealized (loss) gain on equity investment at fair value”, and the ineffective portion is charged to results of operations of the period.
Current versus non-current classification
x) Current versus non-current classification
The Company presents assets and liabilities in its consolidated statements of financial position based on current/non-current classification.
 
An asset is current when it is either:
 
(i)
Expected to be realized or intended to be sold or consumed in the normal operating cycle.
 
(ii)
Held primarily for the purpose of trading.
 
(iii)
Expected to be realized within twelve months after the reporting period.
 
(iv)
Cash and cash equivalents unless restricted from being exchanged or used to settle a liability for at least twelve months after the reporting period.
A liability is current when:
 
  •  
It is expected to be settled in the normal operating cycle.
 
  •  
It is held primarily for the purpose of trading.
 
  •  
It is due to be settled within twelve months after the reporting period.
 
  •  
There is no unconditional right to defer the settlement of the liability for at least twelve months after the reporting period.
The Company classifies all other assets and liabilities, including deferred income tax assets and liabilities, as non-current.
Presentation of consolidated statements of comprehensive income
y) Presentation of consolidated statements of comprehensive income
The costs and expenses shown in the consolidated statements of comprehensive income are presented in combined manner (based on both their function and nature), which allows a better understanding of the components of the Company’s operating income. This classification allows a comparison to the telecommunications industry.
The Company presents operating income in its consolidated statements of comprehensive income since it is a key indicator of the Company’s performance. Operating income represents operating revenues less operating costs and expenses.
Operating segments
z) Operating segments
Segment information is presented based on information used by management in its decision-making processes. Segment information is presented based on the geographic areas in which the Company operates.
The management of the Company is responsible for making decisions regarding the resources to be allocated to the Company’s different segments, as well as evaluating the performance of each segment. Intersegment revenues and costs, intercompany balances as well as investments in shares in consolidated entities are eliminated upon consolidation and reflected in the “eliminations” column in Note 23.
None of the segment’s records revenue from transactions with a single external customer amounting to 10% or more of the revenues.
Convenience translation
Aa) Convenience translation
The consolidated financial statements are stated in thousands of Mexican pesos (“Ps.”); however, solely for the convenience of the readers, the consolidated statement of financial position as of December 31, 2022 and the consolidated statement of comprehensive income and consolidated statement of cash flows for the year ended December 31, 2022 were converted into U.S. dollars at the exchange rate of Ps. 19.4143 per U.S. dollar, which was the exchange rate at that date. This arithmetic conversion should not be construed as representations that the amounts expressed in Mexican pesos may be converted into U.S. dollars at that or any other exchange rate.
Significant accounting judgments, estimates and assumptions
Ab) Significant accounting judgments, estimates and assumptions
In preparing its consolidated financial statements, the Company makes estimates concerning a variety of matters. Some of these matters are highly uncertain, and its estimates involve judgments it makes based on the available information. In the discussion below, the Company has identified several of these matters for which its financial statements would be materially affected if either (1) the Company uses different estimates that it could have reasonably used or (2) in the future América Móvil changes its estimates in response to changes that are reasonably likely to occur.
The following discussion addresses only those estimates that the Company considers most important based on the degree of uncertainty and the likelihood of a material impact had it used a different estimate. There are many other areas in which the Company uses estimates about uncertain matters, but the reasonably likely effect of changed or different estimates is not material to the financial presentation for those other areas.
Estimated useful lives of property, plant and equipment
The Company currently depreciates most of its network infrastructure based on an estimated useful life determined upon the expected particular conditions of operation and maintenance in each of the countries in which it operates. The estimates are based on AMX’s historical experience with similar assets, anticipated technological changes and other factors, taking into account the practices of other telecommunications companies. The Company reviews estimated useful lives each year to determine, for each particular class of assets, whether they should be changed. The Company may shorten/extend the estimated useful life of an asset class in response to technological changes, changes in the market or other developments. This results in increased/decreased depreciation expense. See Note 10.
Revaluation of passive infrastructure of telecommunications towers
The Company recognizes the passive infrastructure of the telecommunication towers at fair value, recognizing the changes in OCI. The discounted cash flow model was used. The Company hired a valuation specialist with industry experience to measure fair values as of December 31, 2022
Impairment of Long-Lived Assets
The Company has large amounts of long-lived assets, including property, plant and equipment, intangible assets and goodwill on its consolidated statements of financial position. The Company is required to test long-lived assets for impairment when circumstances indicate a potential impairment or, in some cases, at least on an annual basis. The impairment analysis for long-lived assets requires the Company to estimate the recoverable amount of the asset, which is the higher of its fair value (minus any disposal costs) and its value in use. To estimate the fair value of a long-lived asset, the Company typically takes into account recent market transactions or, if no such transactions can be identified, the Company uses a valuation model that requires making certain assumptions and estimates. Similarly, to estimate the value in use of long-lived assets, the Company typically makes various assumptions about the future prospects for the business to which the asset relates, considers market factors specific to that business and estimates future cash flows to be generated by that business. Based on this impairment analysis, including all assumptions and estimates related thereto, as well as guidance provided by IFRS relating to the impairment of long-lived assets different assumptions and estimates could materially impact the Company’s reported financial results. More conservative assumptions of the anticipated future benefits from these businesses could result in impairment charges, which would decrease net income and result in lower asset values on the consolidated statements of financial position. Conversely, less conservative assumptions could result in smaller or no impairment charges, higher net income and higher asset values. The key assumptions used to determine the recoverable amount for the Company’s CGUs, are further explained in Notes 23, 10 and 11.
 
 
Deferred Income Taxes
The Company is required to estimate its income taxes in each of the jurisdictions in which it operates. This process involves the
jurisdiction-by-jurisdiction
estimation of actual current tax exposure and the assessment of temporary differences resulting from the differing treatment of certain items, such as accruals and amortization, for tax and financial reporting purposes, as well as net operating loss carry-forwards and other tax credits. These items result in deferred tax assets and liabilities as discussed in Note 2 s). The analysis is based on estimates of taxable income in the jurisdictions in which the Company operates and the period on which the deferred tax assets and liabilities will be recovered or settled. If actual results differ from these estimates, or the Company adjusts these estimates in future periods, its financial position and results of operations may be materially affected.
In assessing the future realization of deferred tax assets, the Company considers future taxable income, ongoing planning strategies and future results in its operations. In the event that the estimates of projected future taxable income are lowered, or changes in current tax regulations are enacted that would impose restrictions on the timing or extent of the ability to utilize the tax benefits of net operating loss carry-forwards in the future, an adjustment to the recorded amount of deferred tax assets would be made, with a related charge to income. See Note 13.
Accruals
Accruals are recorded when, at the end of the period, the Company has a present obligation as a result of past events, whose settlement requires an outflow of resources that is considered probable and can be measured reliably. This obligation may be legal or constructive, arising from, but not limited to, regulation, contracts, common practice or public commitments, which have created a valid expectation for third parties that the Company will assume certain responsibilities. The amount recorded is the best estimation performed by the Company’s management in respect of the disbursement that will be required to settle the obligations, considering all the information available at the date of the financial statements, including the opinion of external experts, such as legal advisors or consultants. Accruals are adjusted to account for changes in circumstances for ongoing matters and the establishment of additional accruals for new matters.
If the Company is unable to reliably measure the obligation, no accrual is recorded, and information is then presented in the notes to its consolidated financial statements. Because of the inherent uncertainties in these estimations, actual expenditures may be different from the originally estimated amount recognized. See Note 16.
The Company is subject to various claims and contingencies related to tax, labor and legal proceedings as described in Note 17b).
Labor Obligations
The Company recognizes liabilities on its consolidated statements of financial position and expenses in its statements of comprehensive income to reflect its obligations related to its post-retirement seniority premiums, pension and retirement plans in the countries in which it operates and offer defined contribution and benefit pension plans. The amounts the Company recognizes are determined on an actuarial basis that involves estimations and accounts for post-retirement and termination benefits.
The Company uses estimates in four specific areas that have a significant effect on these amounts: (i) the rate of return the Company assumes its pension plans will earn on its investments, (ii) the salaries increase rate that the Company assumes it will observe in future years, (iii) the discount rates that the Company uses to calculate the present value of its future obligations and (iv) the expected inflation rate. The assumptions applied are further disclosed in Note 18. These estimates are determined based on actuarial studies performed by independent experts using the projected unit-credit method.
 
Discontinued operations
Ac) Discontinued operations
a) Claro Panama Disposal
On September 15, 2021, the Company announced that it had entered into an agreement with Cable & Wireless Panama, S.A., an affiliate of Liberty Latin America to sell its 100% interest in its subsidiary Claro Panama. The transaction excludes the telecommunications towers that are owned indirectly by the Company in Panama and the Claro trademarks. The agreed purchase price was US$200 million, adjusted for net debt (cash/debt free basis). The closing of the transaction would be subject to customary conditions for this type of transaction, including obtaining regulatory authorizations. On July 1, 2022, the Company announced that it had completed the sale to Liberty Latin America of its 100% interest in Claro Panama.
The Company received an adjusted closing consideration of US$ 116.7 million in cash, resulting in a net gain of Ps. 3,405,014,
including a recycling income of accumulated foreign currency translation effect for an amount of Ps. 1,750,451. This gain has been recognized in profit after tax for the period from discontinued operations in the consolidated statement of comprehensive income. Therefore, Claro Panama is deconsolidated from the aforementioned date and no impairment loss was identified. 
In accordance with IFRS 5 Non-current Assets Held For Sale and Discontinued Operations, Claro Panama was classified as discontinued operation for all the years presented in these consolidated financial statements; consequently, the results are presented in the loss after tax for the period from discontinued operations in the consolidated statements of comprehensive income. Therefore, the comparative figures in the consolidated statements of comprehensive income have been restated in consequence.

The deconsolidated assets and liabilities of Claro Panama as of the date of disposal were the following:
 
 
  
As of July 1,
 
 
  
2022
 
Current assets:
         
Cash
   
Ps.
24,202
 
Account receivable to subscribers, distributors and others Net
   
 
666,114
 
Inventories, net
   
 
169,851
 
Other assets, net
   
 
4,457
 
    
 
 
  
Total current assets
   
 
864,624
 
Non-current
assets:
         
Property, plant and equipment
   
 
1,102,062
 
Intangibles, net
   
 
1,810,964
 
Account receivables to subscribers, distributors and others, Net
   
 
42,368
 
Other assets, net
   
 
12,291
 
Right-of-use
   
 
975,019
 
    
 
 
  
Total assets
   
Ps.
4,807,328
 
    
 
 
  
Short term liability related to
right-of-use
assets
   
Ps.
198,289
 
Accounts payable
   
 
576,522
 
Payable taxes
   
 
24,981
 
Related parties
   
 
1,159
 
Deferred income
   
 
126,904
 
Long term liability related to
right-of-use
assets
   
Ps.
855,969
 
Deferred income
   
 
129,062
 
    
 
 
  
Total liabilities
   
 
1,912,886
 
    
 
 
  
Net assets directly related to the Group’s disposal
   
Ps.
2,894,442
 
    
 
 
  
 
The results of discontinued operations for the year are shown below:
 
 
  
For the years ended December 31,
 
 
July 1
st
.
 
 
  
    2020    
 
 
    2021    
 
 
2022
 
Operative revenue:
                         
Revenue services
    Ps.  2,932,390     Ps.  2,667,497    
Ps.
 1,210,109
 
Sales of equipment
      317,802       394,534    
 
206,595
 
    
 
 
    
 
 
    
 
 
  
       3,250,192       3,062,031    
 
1,416,704
 
Total costs and expenses
      5,198,532       3,378,614    
 
1,403,311
 
    
 
 
    
 
 
    
 
 
  
Operating profit
      (1,948,340 )      (316,583 )   
 
13,393
 
Financial costs
      (117,300 )      (89,974 )   
 
(39,538
) 
Gain on sale of discontinued operations
      —         —      
 
3,405,014
 
Profit before income taxes of discontinued operations
      (2,065,640 )      (406,557 )   
 
3,378,869
 
Income taxes:
      14,713       5,297    
 
—  
 
    
 
 
    
 
 
    
 
 
  
Net profit of the period of discontinued operations
    Ps. (2,080,353 )    Ps. (411,854 )   
Ps.
3,378,869
 
    
 
 
    
 
 
    
 
 
  

b)
TracFone Disposal
On September 14, 2021, the Company, announced that it had entered into an agreement with Verizon Communications Inc. (“Verizon”) to sell its 100% interest in its subsidiary TracFone Wireless, Inc. (“TracFone”), the largest mobile virtual prepaid service operator in the United States, serving 21 million subscribers. On November 23, 2021, the Company announced that it had completed the sale of its 100% interest in TracFone to Verizon.
AMX received a closing consideration of US$3,625.7 million in cash, which includes US$500.7 million related to TracFone’s closing cash and working capital, customary adjustment and other adjustments, and
57,596,544
shares of Verizon stock valued at approximately US$2,968 million. Verizon has asserted post-closing claims under the adjustments and other provisions of this agreement, which may result in payments by the Company. Following the transaction closing, Verizon shall pay to AMX: (i) up to US$500 million as an earn-out if TracFone continues to achieve certain performance measures during the 24 months following the closing, calculated and paid in four consecutive six-month periods, and (ii) US$150 million deferred consideration payable within two years following the transaction closing. The earn-out was not recognized as gain by the Company, in accordance with IFRS 9 and 13 and IAS 37, since management does not believe the realization of income and the inflow of economic benefits are virtually certain.
TracFone was deconsolidated from that date resulting in a net gain of Ps. 106,527,287
 including the recycling of foreign currency exchange losses accumulated in equity. This gain has been recognized under profit after tax from discontinued operations in the consolidated statements of comprehensive income. Furthermore, no impairment loss was identified. Moreover, TracFone had identifiable operations and cash flows and represented a separate geographical area. Therefore, in accordance with IFRS 5, TracFone was classified as discontinued operations for all years presented in these consolidated financial statements; results are accordingly presented in the profit after tax from discontinued operations in the consolidated statements of comprehensive income. The consolidated statements of comprehensive income comparative figures have therefore been restated accordingly. 
All other notes to the consolidated financial statements include amounts for continuing operations, unless indicated otherwise.
 
Additionally, TracFone represented the U.S.A. segment until November 23, 2021. With TracFone being classified as discontinued operations, the U.S.A. segment is no longer presented in the segment note. The results of TracFone for the year are presented below:
 
   
For the years ended December 31
  
  2020     2021  
Operating revenues:
                
Service revenues
   Ps.  149,376,532     Ps.  130,091,540  
Sales of equipment
     27,802,837       22,160,481  
   
 
 
    
 
 
  
      177,179,369       152,252,021  
Total costs and expenses
     157,327,836       134,495,316  
   
 
 
    
 
 
  
Operating income
     19,851,533       17,756,705  
   
 
 
    
 
 
  
Financial cost
     (2,026 )      (1,733 ) 
Gain on disposal of discontinued operations
     —         132,821,709  
   
 
 
    
 
 
  
Profit before income tax discontinued operations
     19,849,507       150,576,681  
   
 
 
    
 
 
  
Tax expense:
                
Related to
pre-tax
profit from the ordinary activities for the period
     2,856,882       2,571,541  
Related to gain on disposal from discontinued operations
     —         26,294,422  
   
 
 
    
 
 
  
Net profit for the year from discontinued operations
   Ps. 16,992,625     Ps. 121,710,718  
   
 
 
    
 
 
  
The assets and liabilities deconsolidated on the date of the disposal were as follows:
 
 
  
November 23,
 
 
  
2021
 
Current assets
         
Cash
   
Ps.
338,439
 
Subscribers, distributors, recoverable taxes, contract assets and other net
   
 
12,368,407
 
Inventories, net
   
 
9,604,658
 
Other current assets, net
   
 
389,052
 
    
 
 
  
Total current assets
   
 
22,700,556
 
Non-current assets:
     
 
  
Property, plant and equipment
   
 
1,989,498
 
Intangibles, net
   
 
555,012
 
Goodwill
   
 
2,695,557
 
Deferred income taxes
   
 
1,094,756
 
Other assets, net
   
 
327,546
 
Rights of use
   
 
1,625
 
    
 
 
  
Total assets
   
Ps.
29,364,550
 
    
 
 
  
Short term liability related to right of use of assets
   
Ps.
1,625
 
Accounts payable
   
 
17,446,513
 
Income tax
   
 
3,267,585
 
Deferred revenue
   
 
13,187,667
 
    
 
 
  
Total liabilities
   
 
33,903,390
 
    
 
 
  
Net liability directly associated with disposal group
   
Ps.
(4,538,840
)
 
    
 
 
  

Furthermore, pursuant to the Stock Purchase Agreement, the Company agreed to indemnify Verizon against
pre-closing
tax matters. As of the closing, certain tax related matters had not been resolved, and Verizon has asserted post-closing claims under the adjustments and other provisions of this agreements, which may result in payments by us.
c) Joint Venture
On October 6, 2022, LLA and the Company announced that they completed the transaction to combine their operations in Chile (VTR and Claro Chile, respectively) in order to create a 50:50 joint venture called Claro Chile, SpA.
In accordance with IFRS 11, this transaction was classified as a joint venture, since both LLA and the Company exercise joint control over Claro Chile, SpA, and all relevant decisions require the consent of both parties. Consequently, in accordance with IFRS 5, Claro Chile’s operations are classified as discontinued operations for all the years that are presented in the consolidated financial information and from that date they are recognized by applying the equity method. See Note 12b.
The results of discontinued operations are as follows:

 
  
For the yearsended as of
December 31,
 
 
For the period
ended as of

October 6,
 
 
  
2020
 
 
2021
 
 
2022
 
Operative revenue:
                         
Revenue services
    Ps. 17,521,377     Ps. 17,276,464    
Ps.
10,500,087
 
Sales of equipment
      3,536,505       4,508,925    
 
2,626,823
 
    
 
 
    
 
 
    
 
 
  
       21,057,882       21,785,389    
 
13,126,910
 
Total costs and expenses
      22,418,969       22,892,415    
 
14,954,526
 
 
   
 
 
    
 
 
    
 
 
  
Operating profit
      (1,361,087 )      (1,107,026 )   
 
(1,827,616
) 
Financial costs
      (1,647,069 )      (533,899 )   
 
(685,129
) 
 
   
 
 
    
 
 
    
 
 
  
Profit before income taxes of discontinued operations
      (3,008,156 )      (1,640,925 )   
 
(2,512,745
) 
Income taxes:
      316,386       (4,578,004 )   
 
(1,805,500
) 
 
   
 
 
    
 
 
    
 
 
  
Net profit of the period of discontinued operations
    Ps. (3,324,542 )    Ps. 2,937,079    
Ps.
(707,245
) 
    
 
 
    
 
 
    
 
 
  
v3.23.1
Basis of Preparation of the Consolidated Financial Statements and Summary of Significant Accounting Policies and Practices (Tables)
 12 Months Ended
Dec. 31, 2022
Disclosure of subsidiaries [line items]  
Summary of Equity Interest in Most Significant Subsidiaries
The equity interest in the most significant subsidiaries at December 31, 2021 and 2022 is as follows:

Company name
  
Country
 
  
Equity

interest at

December 31
 
  
2021
 
 
2022
 
Subsidiaries:
                          
América Móvil B.V.
a)
      Netherlands        100.0 %     
100.0
% 
Compañía Dominicana de Teléfonos, S.A. (“Codetel”)
b)
      Dominican Republic        100.0 %     
100.0
% 
Sercotel, S.A. de C.V.
a)
      Mexico        100.0 %     
100.0
% 
Radiomóvil Dipsa, S.A. de C.V. and subsidiaries (“Telcel”)
b)
      Mexico        100.0 %     
100.0
% 
Puerto Rico Telephone Company, Inc.
b)
      Puerto Rico        100.0 %     
100.0
% 
Servicios de Comunicaciones de Honduras, S.A. de C.V. (“Sercom Honduras”)
b)
      Honduras        100.0 %     
100.0
% 
Claro S.A.
b)
      Brazil        98.2 %     
98.2
% 
NII Brazil Holding S.A.R.L
a)
      Luxembourg        100.0 %     
100.0
% 
Claro NXT Telecomunicações, S.A.
b)
      Brazil        100.0 %     
100.0
% 
Telecomunicaciones de Guatemala, S.A. (“Telgua”)
b)
      Guatemala        99.3 %     
99.3
% 
Claro Guatemala, S.A.
b)
      Guatemala        100.0 %     
100.0
% 
Empresa Nicaragüense de Telecomunicaciones, S.A. (“Enitel”)
b)
      Nicaragua        99.6 %     
99.6
% 
Compañía de Telecomunicaciones de El Salvador, S.A. de C.V. (“CTE”)
b)
      El Salvador        95.8 %     
95.8
% 
Comunicación Celular, S.A. (“Comcel”)
b)
      Colombia        99.4 %     
99.4
% 
Consorcio Ecuatoriano de Telecomunicaciones, S.A. (“Conecel”) 
b)
      Ecuador        100.0 %     
100.0
% 
AMX Argentina, S.A.
b)
      Argentina        100.0 %     
100.0
% 
AMX Paraguay, S.A.
b)
      Paraguay        100.0 %     
100.0
% 
AM Wireless Uruguay, S.A.
b)
      Uruguay        100.0 %     
100.0
% 
Claro Chile, S.A.
c)
      Chile        100.0 %     
—
  
 
América Móvil Perú, S.A.C
b)
      Peru        100.0 %     
100.0
% 
Claro Panamá, S.A.
b) d)
      Panama        100.0 %     
—
  
 
Teléfonos de México, S.A.B. de C.V.
b)
      Mexico        98.8 %     
98.8
% 
Telekom Austria AG
b)
      Austria        51.0 %     
51.0
% 
Joint venture:
                      
 
 
Claro Chile, SpA
c)
      Chile        —        
50.0
% 
 
a)
Holding companies
b)
Operating companies of mobile and fixed services
c)
On October 6, 2022, this entity combined its operations with the Chilean operations of LLA to form a joint venture. See Note 12b.
d)
On July 1, 2022, this entity was discontinued operations. See Note 2Ac.
Summary of Annual Depreciation Rates
Annual depreciation rates are as follows:
 
Network infrastructure
      5%-33%  
Buildings and leasehold improvement
      2%-33%  
Other assets
      10%-50%  
Summary of Most Significant Forward Looking Estimates Used for Impairment Evaluations
The most significant forward-looking estimates used for the 2021 and 2022 impairment evaluations are shown below:
 
    
Average margin on

EBIDTA
    
Average margin on

CAPEX
    
Average pre-tax

discount rate

(WACC)
  
2021:
                         
Europe (7 countries)
     
31.60% - 45.32%
      
7.48% - 24.37%
      
2.91% - 9.83%
  
Brazil (fixed line, wireless and TV)
      41.37%       22.98%       4.62%  
Puerto Rico
      21.54%       14.36%       3.00%  
Dominican Republic
      52.02%       13.86%       5.84%  
Mexico (fixed line and wireless)
      36.21%       15.89%       6.24%  
Ecuador
      44.76%       12.48%       14.48%  
Peru
      36.63%       17.19%       3.99%  
El Salvador
      44.82%       24.25%       10.78%  
Colombia
      43.36%       23.18%       7.18%  
Other countries
     
30.55% - 48.52%
      
4.91% - 30.03%
      
4.64% - 14.39%
  
2022:
                         
Europe (7 countries)
   
 
32.70% - 47.31%
 
  
 
7.7% - 21.1%
 
  
 
5.47% - 24.11%
 
Brazil (fixed line, wireless and TV)
   
 
41.90%
 
  
 
19.62%
 
  
 
9.30%
 
Puerto Rico
   
 
26.98%
 
  
 
8.91%
 
  
 
6.14%
 
Dominican Republic
   
 
53.93%
 
  
 
13.82%
 
  
 
11.13%
 
Mexico (fixed line and wireless)
   
 
36.19%
 
  
 
18.61%
 
  
 
8.60%
 
Ecuador
   
 
47.14%
 
  
 
18.42%
 
  
 
20.13%
 
Peru
   
 
36.53%
 
  
 
21.05%
 
  
 
10.39%
 
El Salvador
   
 
45.18%
 
  
 
17.59%
 
  
 
22.37%
 
Colombia
   
 
42.25%
 
  
 
27.41%
 
  
 
13.70%
 
Other countries
   
 
32.92% - 49.54%
 
  
 
9.63% - 25.97%
 
  
 
9.16% - 29.94%
 
Summary of quantitative information about right-of-use assets
Right-of-use
assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets, as follows:
 
Assets
  
Useful life
Towers and sites
    5 to 12 years
Property
    10 to 25 years
Other equipment
    5 to 15 years
Summary of Exchange Rates Used forTranslation of Foreign Currencies
The exchange rates used for the translation of foreign currencies against the Mexican peso are as follows:
 
         
Average exchange rate
     
Closing exchange rate
at December 31,
  
Country or Zone
   
Currency
    2020      2021     
2022
      2021     
2022
  
Argentina
(1)
    Argentine Peso (AR$)      0.3070        0.2137     
 
0.1586
 
      0.2004     
 
0.1096
 
Brazil    Real (R$)      4.1850        3.7625     
 
3.9045
 
      3.6885     
 
3.7209
 
Colombia    Colombian Peso (COP$)      0.0058        0.0054     
 
0.0048
 
      0.0052     
 
0.0040
 
Guatemala    Quetzal      2.7826        2.6212     
 
2.5981
 
      2.6666     
 
2.4725
 
U.S.A.
(2)
    US Dollar      21.4860        20.2769     
 
20.1283
 
      20.5835     
 
19.4143
 
Uruguay    Uruguay Peso      0.5110        0.4655     
 
0.4893
 
      0.4605     
 
0.4845
 
Nicaragua    Cordoba      0.6257        0.5765     
 
0.5611
 
      0.5795     
 
0.5359
 
Honduras    Lempira      0.8678        0.8384     
 
0.8171
 
      0.8396     
 
0.7853
 
Chile    Chilean Peso      0.0271        0.0268     
 
0.0232
 
      0.0244     
 
0.0226
 
Paraguay    Guaraní      0.0032        0.0030     
 
0.0029
 
      0.0030     
 
0.0026
 
Peru    Sol (PEN$)      6.1483        5.2297     
 
5.2454
 
      5.1484     
 
5.0823
 
Dominican Republic    Dominican Peso      0.3766        0.3540     
 
0.3647
 
      0.3570     
 
0.3436
 
Costa Rica    Colon      0.0366        0.0325     
 
0.0310
 
      0.0319     
 
0.0323
 
European Union    Euro      24.5080        23.9835     
 
21.2285
 
      23.4220     
 
20.7830
 
Bulgaria    Lev      12.5284        12.2617     
 
10.8523
 
      11.9762     
 
10.6188
 
Belarus    New Belarusian Ruble      8.8172        7.9932     
 
7.3993
 
      8.0279     
 
7.0644
 
Croatia    Croatian Kuna      3.2498        3.1852     
 
2.8173
 
      3.1161     
 
2.7584
 
Macedonia    Macedonian Denar      0.3975        0.3893     
 
0.3445
 
      0.3800     
 
0.3378
 
Serbia    Serbian Denar      0.2083        0.2040     
 
0.1807
 
      0.1992     
 
0.1772
 
 
(1)
Year-end rates are used for the translation of revenues and expenses if IAS 29
“Financial Reporting in Hyperinflationary Economies”
is applied.
Financial reporting in hyperinflationary economies
Financial statements of Argentina subsidiaries are restated before translation to the reporting currency of the Company and before consolidation in order to reflect the same value of money for all items. Items recognized in the statements of financial position which are not measured at the applicable year-end measuring unit are restated based on the general price index. All non-monetary items measured at cost or amortized cost is restated for the changes in the general price index from the date of transaction or the last hyperinflationary calculation to the reporting date. Monetary items are not restated. All items of shareholders’ equity are restated for the changes in the general price index since their addition or the last hyperinflationary calculation until the end of the reporting period. All items of comprehensive income are restated for the change in a general price index from the date of initial recognition to the reporting date. Gains and losses resulting from the net-position of monetary items are reported in the consolidated
Summary of Net profit for the year from discontinued operations
The results of discontinued operations for the year are shown below:
 
 
  
For the years ended December 31,
 
 
July 1
st
.
 
 
  
    2020    
 
 
    2021    
 
 
2022
 
Operative revenue:
                         
Revenue services
    Ps.  2,932,390     Ps.  2,667,497    
Ps.
 1,210,109
 
Sales of equipment
      317,802       394,534    
 
206,595
 
    
 
 
    
 
 
    
 
 
  
       3,250,192       3,062,031    
 
1,416,704
 
Total costs and expenses
      5,198,532       3,378,614    
 
1,403,311
 
    
 
 
    
 
 
    
 
 
  
Operating profit
      (1,948,340 )      (316,583 )   
 
13,393
 
Financial costs
      (117,300 )      (89,974 )   
 
(39,538
) 
Gain on sale of discontinued operations
      —         —      
 
3,405,014
 
Profit before income taxes of discontinued operations
      (2,065,640 )      (406,557 )   
 
3,378,869
 
Income taxes:
      14,713       5,297    
 
—  
 
    
 
 
    
 
 
    
 
 
  
Net profit of the period of discontinued operations
    Ps. (2,080,353 )    Ps. (411,854 )   
Ps.
3,378,869
 
    
 
 
    
 
 
    
 
 
  
Summary of assets and liabilities deconsolidated on the date of the disposal
The deconsolidated assets and liabilities of Claro Panama as of the date of disposal were the following:
 
 
  
As of July 1,
 
 
  
2022
 
Current assets:
         
Cash
   
Ps.
24,202
 
Account receivable to subscribers, distributors and others Net
   
 
666,114
 
Inventories, net
   
 
169,851
 
Other assets, net
   
 
4,457
 
    
 
 
  
Total current assets
   
 
864,624
 
Non-current
assets:
         
Property, plant and equipment
   
 
1,102,062
 
Intangibles, net
   
 
1,810,964
 
Account receivables to subscribers, distributors and others, Net
   
 
42,368
 
Other assets, net
   
 
12,291
 
Right-of-use
   
 
975,019
 
    
 
 
  
Total assets
   
Ps.
4,807,328
 
    
 
 
  
Short term liability related to
right-of-use
assets
   
Ps.
198,289
 
Accounts payable
   
 
576,522
 
Payable taxes
   
 
24,981
 
Related parties
   
 
1,159
 
Deferred income
   
 
126,904
 
Long term liability related to
right-of-use
assets
   
Ps.
855,969
 
Deferred income
   
 
129,062
 
    
 
 
  
Total liabilities
   
 
1,912,886
 
    
 
 
  
Net assets directly related to the Group’s disposal
   
Ps.
2,894,442
 
    
 
 
  
Joint ventures [member]  
Disclosure of subsidiaries [line items]  
Summary of Net profit for the year from discontinued operations
The results of discontinued operations are as follows:

 
  
For the yearsended as of
December 31,
 
 
For the period
ended as of

October 6,
 
 
  
2020
 
 
2021
 
 
2022
 
Operative revenue:
                         
Revenue services
    Ps. 17,521,377     Ps. 17,276,464    
Ps.
10,500,087
 
Sales of equipment
      3,536,505       4,508,925    
 
2,626,823
 
    
 
 
    
 
 
    
 
 
  
       21,057,882       21,785,389    
 
13,126,910
 
Total costs and expenses
      22,418,969       22,892,415    
 
14,954,526
 
 
   
 
 
    
 
 
    
 
 
  
Operating profit
      (1,361,087 )      (1,107,026 )   
 
(1,827,616
) 
Financial costs
      (1,647,069 )      (533,899 )   
 
(685,129
) 
 
   
 
 
    
 
 
    
 
 
  
Profit before income taxes of discontinued operations
      (3,008,156 )      (1,640,925 )   
 
(2,512,745
) 
Income taxes:
      316,386       (4,578,004 )   
 
(1,805,500
) 
 
   
 
 
    
 
 
    
 
 
  
Net profit of the period of discontinued operations
    Ps. (3,324,542 )    Ps. 2,937,079    
Ps.
(707,245
) 
    
 
 
    
 
 
    
 
 
  
v3.23.1
Accounts receivable from subscribers, distributors, recoverable taxes contractual assets and other, net (Tables)
 12 Months Ended
Dec. 31, 2022
Statement [line items]  
Summary of Analysis of Accounts Receivable by Component
a)
An analysis of accounts receivable by component at December 31, 2021 and 2022 is as follows:
 
 
  
At December 31,
 
 
  
2021
 
  
2022
 
Subscribers and distributors
   Ps. 157,433,609    
Ps.
154,659,093
 
Telecommunications carriers for network interconnection and other services
     3,968,675    
 
3,519,170
 
Recoverable taxes
     43,734,164    
 
46,947,187
 
Sundry debtors
     15,573,586    
 
16,528,588
 
Contract assets
     30,901,277    
 
28,573,717
 
Allowance of expected credit losses
     (41,835,826 )   
 
(42,079,056
) 
   
 
 
    
 
 
  
Total net
   Ps. 209,775,485    
Ps.
208,148,699
 
Non-current subscribers, distributors and contractual assets
     6,928,888    
 
8,724,497
 
   
 
 
    
 
 
  
Total current subscribers, distributors and contractual assets
   Ps. 202,846,597    
Ps.
199,424,202
 
   
 
 
    
 
 
  
Schedule of Changes in Allowance for Expected Credit Losses
b) Changes in the allowance of the expected credit losses is as follows:

 
  
For the years ended December 31,
 
 
  
(1)

2020
 
  
(1)

2021
 
  
2022
 
Balance at beginning of year
    Ps. (39,480,909 )     Ps. (44,551,735 )    
Ps.
(41,835,826
) 
Increases recorded in expenses 
(i)
      (18,450,821 )       (10,212,490 )    
 
(12,197,447
) 
Write-offs
      11,953,227        11,682,343     
 
9,162,382
 
Business combination
      (2,066 )       —       
 
—  
  
Translation effect
      1,428,834        1,246,056     
 
2,791,835
 
    
 
 
     
 
 
     
 
 
  
Balance at year end
    Ps. (44,551,735 )     Ps. (41,835,826 )    
Ps.
(42,079,056
) 
    
 
 
     
 
 
     
 
 
  
 
(1)
Restated by discontinued operations
i)
Includes discontinued operation of TracFone, Panama and Chile in joint venture. See note 2Ac.
 
Summary of Aging of Accounts Receivable
c) The following table shows the aging of accounts receivable at December 31, 2021 and 2022, for subscribers and distributors:
 
   
Past due
  
   
Total
    
Unbilled services


provided
    
a-30 days
    
31-60 days
    
61-90 days
    
Greater than


90 days
  
December 31, 2021
   Ps. 157,433,609     Ps. 69,082,837     Ps. 35,694,272     Ps. 4,533,604     Ps. 2,645,034     Ps. 45,477,862  
December 31, 2022
  
Ps.
154,659,093
 
  
Ps.
66,839,514
 
  
Ps.
31,726,606
 
  
Ps.
4,099,261
 
  
Ps.
2,574,082
 
  
Ps.
49,419,630
 
Summary of Accounts Receivable from Subscribers and Distributors Included in the Allowance for Doubtful Accounts
d) The following table shows the accounts receivable from subscribers and distributors included in the allowance for expected credit losses of trade receivables, as of December 31, 2021 and 2022:

 
  
Total
  
1-90
days
  
Greater than

90 days
December 31, 2021
    Ps.41,835,826    Ps.4,183,583    Ps.37,652,243
December 31, 2022
   
Ps.42,079,056
   
Ps.4,207,906
   
Ps.37,871,150
e) An analysis of contract assets and liabilities at December 31, 2021 and 2022 is as follows:
 
Summary of Analysis of Contract Assets and Liabilities

 
  
2021
 
  
2022
 
Contract Assets:
                  
Balance at the beginning of the year
    Ps. 29,588,104     
Ps.
30,901,277
 
Additions
      31,758,626     
 
28,262,872
 
Business combination
      —       
 
404,489
 
Disposals
      (5,946,487 )    
 
(5,238,752
) 
Amortization
      (25,354,712 )    
 
(22,926,487
) 
Translation effect
      855,746     
 
(2,829,682
) 
    
 
 
     
 
 
  
Balance at the end of the year
    Ps. 30,901,277     
Ps.
28,573,717
 
Non-current contract assets
    Ps. 989,519     
Ps.
880,860
 
    
 
 
     
 
 
  
Current portion contracts assets
    Ps. 29,911,758     
Ps.
27,692,857
 
    
 
 
     
 
 
  
v3.23.1
Related Parties (Tables)
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Summary of Analysis of the Balances with Related Parties
a) The following is an analysis of the balances with related parties as of December 31, 2021 and 2022. All of the companies were considered affiliates of América Móvil since the Company’s principal shareholders are either direct or indirect shareholders in the related parties.
 
 
  
2021
 
  
2022
 
Accounts receivable:
                  
Sears Roebuck de México, S.A. de C.V. and Subsidiaries
    Ps. 339,366     
Ps.
260,584
 
Sitios Latinoamérica, S.A.B. de C.V.
      —       
 
1,460,897
 
Sanborns Hermanos, S.A.
      192,599     
 
124,157
 
Patrimonial Inbursa, S.A.
      145,676     
 
166,366
 
Grupo Condumex, S.A. de C.V. and Subsidiaries
      122,555     
 
31,857
 
Hubard y Bourlon, S.A. de C.V.
      52,026     
 
—  
  
Claroshop.com, S.A.P.I de C.V.
      40,906     
 
31,559
 
Other
      265,483     
 
211,793
 
    
 
 
     
 
 
  
Total
    Ps. 1,158,611     
Ps.
2,287,213
 
    
 
 
     
 
 
  
Accounts payable:
                  
Carso Infraestructura y Construcción, S.A. de C.V. and Subsidiaries
    Ps. 1,273,085     
Ps.
2,836,689
 
Grupo Condumex, S.A. de C.V. and Subsidiaries
      1,709,487     
 
2,036,371
 
Sitios Latinoamérica, S.A.B. de C.V.
      —       
 
960,244
 
Fianzas Guardiana Inbursa, S.A. de C.V.
      385,287     
 
437,428
 
Claroshop.com, S.A.P.I de C.V.
      247,081     
 
216,774
 
Grupo Financiero Inbursa, S.A.B. de C.V.
      102,314     
 
102,127
 
Seguros Inbursa, S.A. de C.V.
      113,089     
 
107,389
 
Sociedad Financiera Inbursa, S.A. de C.V.
      80,382     
 
13,058
 
PC Industrial, S.A. de C.V. and Subsidiaries
      4,761     
 
3,321
 
Enesa, S.A. de C.V. and Subsidiaries
      9,384     
 
3,854
 
Cicsa Perú, S.A.C.
      —       
 
256,344
 
Other
      292,012     
 
250,619
 
    
 
 
     
 
 
  
Total
    Ps. 4,216,882     
Ps.
7,224,218
 
    
 
 
     
 
 
  
Summary of Transactions with Related Parties
b) For the years ended December 31, 2020, 2021 and 2022, the Company conducted the following transactions with related parties:
 
     2020      2021     
2022
  
Capex and expenses:
                           
Construction services, purchases of materials, inventories and property, plant and equipment
 (i)
    Ps. 7,130,769      Ps. 13,524,989     
Ps.
13,107,483
 
Insurance premiums, fees paid for administrative and operating services, brokerage services and others
(ii)
      4,375,113        4,336,133     
 
3,490,596
 
Other services
(iii)
      1,101,528        1,636,402     
 
1,890,921
 
    
 
 
     
 
 
     
 
 
  
     Ps. 12,607,410      Ps. 19,497,524     
Ps.
18,489,000
 
    
 
 
     
 
 
     
 
 
  
Revenues:
                           
Service revenues
(iv)
    Ps. 608,248      Ps. 714,148     
Ps.
756,347
 
Sales of towers
(v)
      —          6,943,400     
 
3,323,594
 
Sales of equipment
      656,801        685,781     
 
1,153,439
 
    
 
 
     
 
 
     
 
 
  
     Ps. 1,265,049      Ps. 8,343,329     
Ps.
5,233,380
 
    
 
 
     
 
 
     
 
 
  
 
i)
In 2022, this amount includes Ps. 11,018,630 (Ps. 11,447,164 in 2021 and Ps. 5,312,845 in 2020) for network construction services and construction materials purchased from subsidiaries of Grupo Carso, S.A.B. de C.V. (Grupo Carso).
ii)
In 2022, this amount includes Ps. 117,321 (Ps. 121,728 in 2021 and Ps. 203,013 in 2020) for network maintenance services performed by Grupo Carso subsidiaries; Ps. 16,556 in 2022 (Ps. 50,730 in 2021, and Ps. 13,490 in 2020) for software services provided by an associate; Ps. 3,281,176 in 2022 (Ps. 3,814,995 in 2021 and Ps. 2,713,370 in 2020) for insurance premiums with Seguros Inbursa S.A. and Fianzas Guardiana Inbursa, S.A., which, in turn, places most of such insurance with reinsurers.
iii)
Includes tower rent payment with Telesites, S.A.B. de C.V. (Ps. 316,700 in 2022, and Ps. 19,300
in 2021) and rental payments to Sitios Latam.
iv)
Includes revenue of administrative services with Sitios Latam. Additionally includes other operations described in note 15.
v)
In November 2021, November 2022 and December 2022, Telmex through its subsidiaries sold towers to Telesites, S.A.B. de C.V. with a value of Ps. 6,943,400, Ps. 1,194,180 and Ps. 1,390,980 respectively. In addition, as of December 31, 2022, through our subsidiary in Peru, towers were sold to Sitios Latam. with a value of Ps. 738,434.
v3.23.1
Derivative Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Schedule of Derivative Financial Instruments Contracted
An analysis of the derivative financial instruments contracted by the Company at December 31, 2021 and 2022 is as follows:
 
   
At December 31,
  
   
2021
    
2022
  
Instrument
   Notional amount in
millions		     Fair Value    
Notional amount in
millions
    
Fair Value
  
Assets:
                                
Swaps US Dollar – Mexican Peso
   US$ 1,890     Ps. 6,881,943    
US$
140
 
  
Ps.
91,469
 
Swaps US Dollar – Euro
   US$ 150       307,646    
US$
800
 
  
 
1,845,832
 
Swaps Yen – US Dollar
   ¥ 6,500       119,325    
¥
6,500
 
  
 
101,409
 
Swaps Pound Sterling – US Dollar
   £ 100       99,463    
 
—  
 
  
 
—  
 
Forwards US Dollar – Mexican Peso
   US$ 2,080       321,864    
US$
100
 
  
 
6,636
 
Forwards Mexican Peso – US Dollar
   MX$ 35,419       1,635,087    
 
—  
 
  
 
—  
 
Forwards Brazilian Real – US Dollar
   BRL$ 2,480       127,131    
BRL$
2,899
 
  
 
225,933
 
Forwards Euro – US Dollar
     —         —      
€
509
 
  
 
331,401
 
Put option
   € 374       638,347    
 
—  
 
  
 
—  
 
           
 
 
            
 
 
  
Total Assets
     —       Ps. 10,130,806            
Ps.
2,602,680
 
           
 
 
            
 
 
  
   
   
At December 31,
  
   
2021
    
2022
  
Instrument
   Notional amount in
millions		     Fair Value    
Notional amount in
millions
    
Fair Value
  
Liabilities:
                                
Swaps US Dollar – Mexican Peso
     —         —      
US$
1,750
 
  
Ps.
(731,565
) 
Swaps US Dollar – Euro
   US$ 800     Ps. (1,270,005 )   
US$
150
 
  
 
(215,240
) 
Swaps Yen – US Dollar
   ¥ 6,500       (119,313 )   
¥
6,500
 
  
 
(230,843
) 
Swaps Pound Sterling – Euro
   £ 640       (1,924,941 )   
£
640
 
  
 
(2,070,175
) 
Swap Pound Sterling – US Dollar
   £ 1,460       (2,117,583 )   
£
1,560
 
  
 
(11,507,501
) 
Swaps Euro – US Dollar
   € 495       (528,298 )   
€
1,145
 
  
 
(3,474,154
) 
Swaps Euro – Mexican Peso
   € 750       (680,720 )   
€
750
 
  
 
(2,880,279
) 
Forwards US Dollar – Mexican Peso
   US$ 1,175       (286,937 )   
US$
1,945
 
  
 
(783,334
) 
Forwards Brazilian Real – US Dollar
   BRL$ 4,021       (234,822 )   
BRL$
2,763
 
  
 
(122,201
) 
Forwards Euro – US Dollar
   € 815       (1,122,641 )   
€
952
 
  
 
(915,854
) 
Forwards US Dollar – Euro
   US$ 8       (1,570 )   
 
—  
 
  
 
—  
 
Forwards Euro – Mexican Peso
   € 200       (22,182 )   
 
—  
 
  
 
—  
 
Put option
     —         —      
€
374
 
  
 
(368,364
) 
Call option
   € 2,097       (1,725,495 )   
€
2,097
 
  
 
(2,031,836
) 
           
 
 
            
 
 
  
Total Liabilities
     —       Ps .(10,034,508 )   
 
—  
 
  
Ps.
(25,331,346
) 
           
 
 
            
 
 
  
Summary of Maturities of Notional Amount of Derivatives
The maturities of the notional amount of the derivatives are as follows:
 
Instrument
   
Notional
amount in
millions
     
2023
     
2024
     
2025
     
2026
     
2027 Thereafter
  
Assets
                                                      
Swaps US Dollar – Mexican Peso
   
US$
 
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
140
 
Swaps Yen – US Dollar
   
¥
  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
6,500
 
Swaps US Dollar – Euro
   
US$
 
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
800
 
Forwards US Dollar – Mexican Peso
   
US$
 
 
   
 
100
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
Forwards Brazilian Real – US Dollar
   
BRL$
 
 
   
 
2,899
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
Forwards Euro – US Dollar
   
€
  
 
   
 
509
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
Liabilities
                                                      
Swaps US Dollar – Mexican Peso
   
US$
 
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
1,750
 
Swaps US Dollar – Euro
   
US$
 
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
150
 
Swaps Euro – US Dollar
   
€
  
 
   
 
320
 
   
 
175
 
   
 
—  
 
   
 
—  
 
   
 
650
 
Swaps Euro – Mexican Peso
   
US$
 
 
   
 
750
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
Swaps Yen – US Dollar
   
¥
  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
6,500
 
Swaps Sterling Pound – Euro
   
£
  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
390
 
   
 
250
 
Swap Sterling Pound – US Dollar
   
£
  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
110
 
   
 
1,450
 
Forwards US Dollar – Mexican Peso
   
US$
 
 
   
 
1,945
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
Forwards US Dollar – Euro
   
US$
 
 
   
 
890
 
   
 
62
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
Forwards Brazilian Real – US Dollar
   
BRL$
         
 
   
 
2,763
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
Put option
   
€
  
 
   
 
374
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
Call Option
   
€
  
 
   
 
—  
 
   
 
2,097
 
   
 
—  
 
   
 
—  
 
   
 
—  
 
v3.23.1
Inventories, net (Tables)
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Summary of Analysis of Inventories
An analysis of inventories at December 31, 2021 and 2022 is as follows:

 
  
2021
 
 
2022
 
Mobile phones, accessories, computers, TVs, cards and other materials
      Ps. 26,131,521    
 
Ps. 26,311,415
 
Less: Reserve for obsolete and slow-moving inventories
      (1,946,211 )   
 
(2,316,282
) 
    
 
 
    
 
 
  
Total
      Ps. 24,185,310    
 
Ps. 23,995,133
 
    
 
 
    
 
 
  
v3.23.1
Other assets, net (Tables)
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Summary of Analysis of Other Assets
An analysis of other assets at December 31, 2021 and 2022 is as follows:

    
2021
     
2022
  
Current portion:
                  
Advances to suppliers (different from PP&E and inventories)
    Ps. 7,474,932     
Ps.
8,247,735
 
Prepaid insurance
      1,749,589     
 
1,988,713
 
Other
      227,731     
 
328,974
 
    
 
 
     
 
 
  
     Ps. 9,452,252     
Ps.
10,565,422
 
    
 
 
     
 
 
  
 
 
 
 
 
 
 
 
  
2021
 
  
2022
 
Non-current portion:
  
 
 
 
  
 
 
 
     
Recoverable taxes
    Ps.  11,689,094     
Ps.
9,363,682
 
Prepayments for the use of fiber optics
      3,783,496     
 
3,424,850
 
Judicial Deposits 
(1)
      14,583,504     
 
16,309,977
 
Prepaid expenses
      9,899,996     
 
10,483,113
 
    
 
 
     
 
 
  
Total
    Ps. 39,956,090     
Ps.
39,581,622
 
    
 
 
     
 
 
  
v3.23.1
Property, Plant and Equipment, Net (Tables)
 12 Months Ended
Dec. 31, 2022
Statement [line items]  
Schedule of Property, Plant and Equipment, Net
a)
An analysis of activity in property, plant and equipment, net for the years, 2020, 2021 and 2022 is as follows:

 
 
At December 31,

2019
 
 
Additions
 
 
Retirements
 
 
Business

combinations
 
 
Revaluation
adjustments
 
 
Transfers
 
 
Effect of
translation of
foreign
subsidiaries and
hyperinflation
adjustment
 
 
Depreciation
for
the year
(3)
 
 
At December 31,
2020
 
Cost
                                                      
Network in operation and equipment
   Ps. 990,673,603     Ps. 90,387,449     Ps. (19,574,391 )    Ps. 996,974     Ps. 107,152,628     Ps. (62,050,212 )    Ps. (49,993,808 )    Ps. —       Ps. 1,057,592,243  
Land and buildings
     50,801,253       570,062       (2,853,037 )      —         —         —         369,300       —         48,887,578  
Other assets
     162,340,564       17,474,218       (14,454,598 )      55,848       —         —         (8,393,187 )      —         157,022,845  
Construction in process and advances plant suppliers 
(1)
     81,539,174       59,635,316       (68,661,847 )      1,099       —         —         (5,011,829 )      —         67,501,913  
Spare parts for operation of the network
     34,233,093       30,721,413       (37,829,818 )      —         —         —         (2,328,430 )      —         24,796,258  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total
     1,319,587,687       198,788,458       (143,373,691 )      1,053,921       107,152,628       ( 62,050,212 )      (65,357,954 )      —         1,355,800,837  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Accumulated depreciation
                                                                        
Network in operation and equipment
     580,370,101       —         (25,726,856 )      —         —         (62,050,212 )
(2)
 		     (50,897,558 )      89,571,831       531,267,306  
Buildings
     9,467,308       —         (1,663,796 )      —         —         —         (622,253 )      1,906,140       9,087,399  
Other assets
     90,332,191       —         (9,317,821 )      —         —         —         (5,120,175 )      16,549,822       92,444,017  
Spare parts for operation of the network
     74,717       —         (176,131 )      —         —         —         38,898       135,000       72,484  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total
   Ps. 680,244,317     Ps. —       Ps. (36,884,604 )    Ps. —       Ps. —       Ps. (62,050,212 )    Ps. (56,601,088 )    Ps. 108,162,793     Ps. 632,871,206  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net Cost
   Ps. 639,343,370     Ps. 198,788,458     Ps. (106,489,087 )    Ps. 1,053,921     Ps. 107,152,628     Ps. —       Ps. (8,756,866 )    Ps. (108,162,793 )    Ps. 722,929,631  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
(1)
Construction in progress includes fixed and mobile network facilities as well as satellite developments and fiber optic which is in the process of being installed
(2)
This transfer
in
2020 relates to the accumulated depreciation as at the revaluation date that was eliminated against the gross carrying amount of the revalued asset.
 
(3)
Restated for discontinued operations 
 
 
  
At December
31,

2020
 
  
Additions
 
  
Retirements
(2)
 
  
Transfers
 
 
Effect of
translation of
foreign
subsidiaries and
hyperinflation
adjustment
 
 
Depreciation
for
the year
(3)
 
 
At December 31,
2021
 
Cost
  
 
 
  
 
 
  
 
 
  
 
 
 
 
 
 
 
 
 
 
 
Network in operation and equipment
   Ps. 1,057,592,243     Ps. 89,696,150     Ps. (45,044,049 )    Ps. 53,531,590  
 
Ps.
 (44,061,097 )    Ps. —       Ps. 1,111,714,837  
Land and buildings
     48,887,578       784,460       (473,785 )      38,250  
 
 
 (1,216,894 )      —         48,019,609  
Other assets
     157,022,845       10,782,903       (11,994,756 )     (1,800,756 )
 
 
 (1,870,104 )      —         152,140,132  
Construction in process and advances plant suppliers 
(1)
     67,501,913       83,366,813       (47,178,796 )     (38,944,421 )
 
 
 (1,420,843 )      —         63,324,666  
Spare parts for operation of the network
     24,796,258       46,909,494       (23,108,928 )     (13,824,767 )
 
 
 (974,011 )      —         33,798,046  
   
 
 
    
 
 
    
 
 
    
 
 
  
 
 
 
    
 
 
    
 
 
  
Total
     1,355,800,837       231,539,820       (127,800,314 )     (1,000,104 )
 
 
 (49,542,949 )      —         1,408,997,290  
   
 
 
    
 
 
    
 
 
    
 
 
  
 
 
 
    
 
 
    
 
 
  
Accumulated depreciation
                                
 
 
                    
Network in operation and equipment
     531,267,306       —         (24,322,904 )     638,066  
 
 
 (29,767,613 )      96,857,203       574,672,058  
Buildings
     9,087,399       —         (219,030 )     (221,937 )
 
 
 (667,957 )      1,871,028       9,849,503  
Other assets
     92,444,017       —         (10,522,319 )     549,855  
 
 
 (1,879,241 )      12,667,367       93,259,679  
Spare parts for operation of the network
     72,484       —         (92,421 )     —    
 
 
 (26,823 )      66,131       19,371  
   
 
 
    
 
 
    
 
 
    
 
 
  
 
 
 
    
 
 
    
 
 
  
Total
   Ps. 632,871,206     Ps. —       Ps. (35,156,674 )    Ps. 965,984  
 
Ps.
 (32,341,634 )    Ps. 111,461,729     Ps. 677,800,611  
   
 
 
    
 
 
    
 
 
    
 
 
  
 
 
 
    
 
 
    
 
 
  
Net Cost
   Ps. 722,929,631     Ps. 231,539,820     Ps. (92,643,640 )    Ps. (1,966,088 ) 
 
Ps.
 (17,201,315 )    Ps. (111,461,729 )    Ps. 731,196,679  
   
 
 
    
 
 
    
 
 
    
 
 
  
 
 
 
    
 
 
    
 
 
  

(1)
Construction in progress includes fixed and mobile network facilities as well as satellite developments and fiber optic which is in the process of being installed 
(2)
Includes disposals related to the sale of TracFone. See Note 2Ac.
(3)
Restated for discontinued operations

 
 
At December 31
2021
 
 
Additions
 
 
Retirements 
(2)
 
 
Business

combinations 
(3)
 
 
Revaluation
adjustments 
(5)
 
 
Transfer
 
 
Incorporation
(merger, spin-
off, sale) 
(4)
 
 
Effect of
translation of
foreign
subsidiaries and
hyperinflation
adjustment
 
 
Depreciation
for
the year
 
 
At
December 31,
2022
 
Cost
                                                                                
Network in operation and equipment
  
Ps
.
1,111,714,837
 
  
Ps
.
56,307,013
 
  
Ps
.
(64,315,475
) 
  
Ps
.
1,415,252
 
  
Ps
.
(55,639,215
) 
  
Ps
.
63,171,840
 
  
Ps
.
(18,399,253
) 
  
Ps
.
(68,236,057
) 
  
Ps
.
—  
 
  
Ps
.
1,026,018,942
 
Land and buildings
  
 
48,019,609
 
  
 
596,165
 
  
 
(2,021,550
) 
                  
 
737,667
 
  
 
—  
 
  
 
(3,577,615
) 
          
 
43,754,276
 
Other assets
  
 
152,140,132
 
  
 
12,325,614
 
  
 
(13,642,510
) 
  
 
23,723
 
          
 
559,935
 
  
 
(698,522
) 
  
 
(5,468,249
) 
          
 
145,240,123
 
Construction in process and advances plant suppliers
 (1)
  
 
63,324,666
 
  
 
96,511,498
 
  
 
(49,559,746
) 
  
 
36,707
 
          
 
(48,393,706
) 
  
 
(72,194
) 
  
 
(2,027,587
) 
          
 
59,819,638
 
Spare parts for operation of the network
  
 
33,798,046
 
  
 
61,327,596
 
  
 
(30,957,726
) 
                  
 
(19,923,388
) 
  
 
(6,995
) 
  
 
(1,879,058
) 
          
 
42,358,475
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total
  
Ps
.
1,408,997,290
 
  
Ps
.
227,067,886
 
  
Ps
.
(160,497,007
) 
  
Ps
.
1,475,682
 
  
Ps
.
(55,639,215
) 
  
Ps
.
(3,847,652
) 
  
Ps
.
(19,176,964
) 
  
Ps
.
(81,188,566
) 
  
Ps
.
—  
 
  
Ps
.
1,317,191,454
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Accumulated depreciation
                                                                                
Network in operation and equipment
  
Ps
.
574,672,058
 
  
Ps
.
—  
 
  
Ps
.
(52,703,338
) 
  
Ps
.
—  
 
  
Ps
.
(4,098,583
) 
  
Ps
.
(71,627
) 
  
Ps
.
4,827,813
 
  
Ps
.
(52,313,781
) 
  
Ps
.
95,577,534
 
  
Ps
.
565,890,076
 
Buildings
  
 
9,849,503
 
          
 
(622,956
) 
                  
 
47,578
 
  
 
( 219,174
 )
 
  
 
(2,356,617
) 
  
 
1,701,274
 
  
 
8,399,608
 
Other assets
  
 
93,259,679
 
          
 
(9,711,246
) 
                  
 
298,060
 
  
 
(8,940,398
) 
  
 
(3,146,276
) 
  
 
13,814,586
 
  
 
85,574,405
 
Spare parts for the operation of the network
  
 
19,371
 
          
 
(115,552
) 
                          
 
6,717
 
  
 
(84,295
) 
  
 
274,914
 
  
 
101,155
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total
  
Ps
.
677,800,611
 
  
Ps
.
—  
 
  
Ps
.
(63,153,092
) 
  
Ps
.
—  
 
  
Ps
.
(4,098,583
) 
  
Ps
.
274,011
 
  
Ps
.
(4,325,042
) 
  
Ps
.
(57,900,969
) 
  
Ps
.
111,368,308
 
  
Ps
.
659,965,244
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net Cost
  
Ps
.
731,196,679
 
  
Ps
.
227,067,886
 
  
Ps
.
(97,343,915
) 
  
Ps
.
1,475,682
 
  
Ps
.
(51,540,632
) 
  
Ps
.
(4,121,663
) 
  
Ps
.
(14,851,922
) 
  
Ps
.
(23,287,597
) 
  
Ps
.
(111,368,308
) 
  
Ps
.
657,226,210
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
(1)
Construction in progress includes fixed and mobile network facilities as well as satellite developments and fiber optic which is in the process of being installed.
(2)
Includes disposals of Chile’s separation process as a result of the Claro Chile, SpA joint venture. See Note 12b. Also includes disposals related to the sale of Claro Panama. See Note 2Ac and disposals related to the
partial
sale Claro Peru’s towers to Sitios Latam as of December 31, 2022.
(3)
“Business Combination” includes the acquisition of Assets of Grupo Oi, Jonava and Ustore, in Brazil. See Note 12a.
(4)
“Incorporation (merger, spin-off, sale)” includes disposals associated as spin-off of assets to Sitios Latam described in Note 12d.
 
(5)
¨Revaluation adjustments” include the surplus associated with the 29,090
telecommunications towers, for an amount of $50,880,804 that was transferred as part of the spin-off of assets to Sitios Latam described in Note 12d.
Schedule of Relevant Information Related to Computation of Capitalized Borrowing Costs
c) Relevant information related to the computation
of
the capitalized borrowing costs is as follows:


 
  
Year ended December 31,
 
 
  
2020
 
  
2021
 
  
2022
 
Amount invested in the acquisition of qualifying assets
      Ps. 46,528,232        Ps. 38,573,605       
Ps. 30,161,647
 
Capitalized interest
      1,771,613        1,527,259     
 
1,514,654
 
Capitalization rate
      3.8%        4.0%     
 
5.0%
 
v3.23.1
Intangible assets, net and goodwill (Tables)
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Summary of Analysis of Intangible Assets
a)
An analysis of intangible assets at December 31, 2020, 2021 and 2022 is as follows:

 
  
For the year ended December 31, 2020
 
 
  
Balance at
beginning of
year
 
 
Acquisitions
 
  
Acquisitions
in business
combinations
 
 
Disposals and
other
 
 
Amortization
of the year
(1)
 
 
Effect of
translation of
foreign
subsidiaries
and
Hyperinflation
adjustment
 
 
Balance at end
of year
 
Licenses and rights of use
   Ps. 246,100,862     Ps. 15,079,714     Ps. 4,436,313     Ps. 1,502,981     Ps. —       Ps. (14,029,709 )    Ps. 253,090,161  
Accumulated amortization
     (134,667,883 )      —         —         (165,803 )      (14,002,802 )      14,227,424       (134,609,064 ) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
     111,432,979       15,079,714       4,436,313       1,337,178       (14,002,802 )      197,715       118,481,097  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Trademarks
     27,419,008       162,309       12,110       4,000       —         1,534,938       29,132,365  
Accumulated amortization
     (23,930,299 )      —         —         (136,028 )      (168,975 )      (1,119,645 )      (25,354,947 ) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
     3,488,709       162,309       12,110       (132,028 )      (168,975 )      415,293       3,777,418  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Customer relationships
     22,875,011       1,935       2,689,718       (5,763 )      —         4,018,365       29,579,266  
Accumulated amortization
     (19,775,630 )      —         —         (845,089 )      (808,293 )      (3,996,593 )      (25,425,605 ) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
     3,099,381       1,935       2,689,718       (850,852 )      (808,293 )      21,772       4,153,661  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Software licenses
     13,104,110       2,445,784       36       (2,485,429 )      —         4,236,645       17,301,146  
Accumulated amortization
     (8,000,743 )      —         —         2,013,617       (2,667,870 )      (3,578,452 )      (12,233,448 ) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
     5,103,367       2,445,784       36       (471,812 )      (2,667,870 )      658,193       5,067,698  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Content rights
     10,160,182       1,570,415       —         (313,942 )      —         619,657       12,036,312  
Accumulated amortization
     (8,115,229 )      —         —         —         (1,440,749 )      (503,241 )      (10,059,219 ) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
     2,044,953       1,570,415       —         (313,942 )      (1,440,749 )      116,416       1,977,093  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total of intangibles, net
   Ps. 125,169,389     Ps. 19,260,157     Ps. 7,138,177     Ps. (431,456 )    Ps. (19,088,689 )    Ps. 1,409,389     Ps. 133,456,967  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Goodwill
   Ps. 152,899,801     Ps. —       Ps. (7,014,120
)
(2)
   Ps. (537,343 )    Ps. —       Ps. (2,295,479 )    Ps. 143,052,859  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
(1)
Restated for discontinued operations of TracFone, Panama and the Claro Chile, SpA joint venture. See Note 2Ac.
(2)
Corresponds to adjustments in Purchase Price allocation values, mainly for the spectrum licenses, in subsidiaries acquired during 2019.

 
  
For the year ended December 31, 2021
 
 
  
Balance at
beginning of
year
 
 
Acquisitions
 
 
Disposals and
other
(1)
 
 
Amortization
of the year
(2)
 
 
Effect of
translation of
foreign
subsidiaries
and
Hyperinflation
adjustment
 
 
Balance at end
of year
 
Licenses and rights of use
    Ps. 253,090,161     Ps. 24,406,905     Ps. (4,427,685 )    Ps. —       Ps. (7,011,691 )    Ps. 266,057,690  
Accumulated amortization
      (134,609,064 )      —         6,469,128       (14,387,511 )      6,737,502       (135,789,945 ) 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
      118,481,097       24,406,905       2,041,443       (14,387,511 )      (274,189 )      130,267,745  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Trademarks
      29,132,365       75,100       (1,129,666 )      —         (401,946 )      27,675,853  
Accumulated amortization
      (25,354,947 )      —         802,717       (140,205 )      308,745       (24,383,690 ) 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
      3,777,418       75,100       (326,949 )      (140,205 )      (93,201 )      3,292,163  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Customer relationships
      29,579,266       229,936       (4,133,408 )      —         (1,105,668 )      24,570,126  
Accumulated amortization
      (25,425,605 )      —         3,830,742       (707,500 )      1,093,401       (21,208,962 ) 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
      4,153,661       229,936       (302,666 )      (707,500 )      (12,267 )      3,361,164  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Software licenses
      17,301,146       2,660,330       (3,484,755 )      —         (1,225,585 )      15,251,136  
Accumulated amortization
      (12,233,448 )      (626 )      3,482,440       (2,738,978 )      1,052,938       (10,437,674 ) 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
      5,067,698       2,659,704       (2,315 )      (2,738,978 )      (172,647 )      4,813,462  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Content rights
      12,036,312       818,436       (281,747 )      —         429,319       13,002,320  
Accumulated amortization
      (10,059,219 )      —         (147,668 )      (899,666 )      (404,537 )      (11,511,090 ) 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
      1,977,093       818,436       (429,415 )      (899,666 )      24,782       1,491,230  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total of intangibles, net
    Ps. 133,456,967     Ps. 28,190,081     Ps. 980,098     Ps. (18,873,860 )    Ps. (527,522 )    Ps. 143,225,764  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Goodwill
    Ps. 143,052,859     Ps. —       Ps. (3,516,287 )    Ps. —       Ps. (2,958,378 )    Ps. 136,578,194  
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  

(1)
Includes disposals related to the sale of TracFone.
(2)
Restated by discontinued operations of Panama and the Claro Chile, SpA joint venture. See Note 2. Ac.

 
 
For the year ended December 31, 2022
 
 
 
Balance at
beginning of
year
 
 
Acquisitions
 
 
Acquisitions
in business
combinations
 
 
Disposals and
other 
(1)
 
 
Amortization
of the year 
(2)
 
 
Effect of
translation of
foreign
subsidiaries
and
Hyperinflation
adjustment
 
 
Balance at end
of year
 
Licenses and rights of use
  
Ps.
266,057,690
 
  
Ps.
2,656,914
 
  
Ps.
95,147
 
  
Ps.
(1,785,196
) 
  
Ps.
—  
    
Ps.
(11,475,085
) 
  
Ps.
255,549,470
 
Accumulated amortization
  
 
(135,789,945
) 
  
 
—  
 
  
 
—  
 
  
 
1,436,078
 
  
 
(13,323,410
) 
  
 
5,252,171
 
  
 
(142,425,106
) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
  
 
130,267,745
 
  
 
2,656,914
 
  
 
95,147
 
  
 
(349,118
) 
  
 
(13,323,410
) 
  
 
(6,222,914
) 
  
 
113,124,364
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Trademarks
  
 
27,675,853
 
  
 
183,631
 
  
 
40,412
 
  
 
(66,000
) 
  
 
—  
 
  
 
(1,366,541
) 
  
 
26,467,355
 
Accumulated amortization
  
 
(24,383,690
) 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
(110,974
) 
  
 
1,041,866
 
  
 
(23,452,798
) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
  
 
3,292,163
 
  
 
183,631
 
  
 
40,412
 
  
 
(66,000
) 
  
 
(110,974
) 
  
 
(324,675
) 
  
 
3,014,557
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Customer relationships
  
 
24,570,126
 
  
 
22,842
 
  
 
2,863,765
 
  
 
—  
 
  
 
—  
 
  
 
(3,267,041
) 
  
 
24,189,692
 
Accumulated amortization
  
 
(21,208,962
) 
  
 
—  
 
  
 
—  
 
  
 
(18
) 
  
 
(954,256
) 
  
 
2,831,217
 
  
 
(19,332,019
) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
  
 
3,361,164
 
  
 
22,842
 
  
 
2,863,765
 
  
 
(18
) 
  
 
(954,256
) 
  
 
(435,824
) 
  
 
4,857,673
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Software licenses
  
 
15,251,136
 
  
 
5,108,485
 
  
 
14,205
 
  
 
(797,084
) 
  
 
—  
 
  
 
(3,358,767
) 
  
 
16,217,975
 
Accumulated amortization
  
 
(10,437,674
) 
  
 
—  
 
  
 
—  
 
  
 
976,417
 
  
 
(2,645,400
) 
  
 
2,591,274
 
  
 
(9,515,383
) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
  
 
4,813,462
 
  
 
5,108,485
 
  
 
14,205
 
  
 
179,333
 
  
 
(2,645,400
) 
  
 
(767,493
) 
  
 
6,702,592
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Content rights
  
 
13,002,320
 
  
 
874,961
 
  
 
—  
 
  
 
(263,798
) 
  
 
—  
 
  
 
(830,079
) 
  
 
12,783,404
 
Accumulated amortization
  
 
(11,511,090
) 
  
 
—  
 
  
 
—  
 
  
 
3,382
 
  
 
(881,352
) 
  
 
799,892
 
  
 
(11,589,168
) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
  
 
1,491,230
 
  
 
874,961
 
  
 
—  
 
  
 
(260,416
) 
  
 
(881,352
) 
  
 
(30,187
) 
  
 
1,194,236
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total of intangibles, net
  
Ps.
143,225,764
 
  
Ps.
8,846,833
 
  
Ps.
3,013,529
 
  
Ps.
(496,219
) 
  
Ps.
(17,915,392
) 
  
Ps.
(7,781,093
) 
  
Ps.
128,893,422
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Goodwill
  
Ps.
136,578,194
 
  
Ps.
14,447,186
 
  
Ps.
280,192
 
  
Ps.
(2,230,610
) 
  
Ps.
(149,696)
    
Ps.
(7,803,901
) 
  
Ps.
141,121,365
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
(1)
Includes the transaction related to Panama and Chile disposal.
(2)
Includes the discontinued operations of Panama and the Claro Chile, SpA joint venture. See Note 2, Ac.
Summary of Aggregate Carrying Amount of Goodwill
b) The aggregate carrying amount of goodwill is allocated as follows:
 
 
  
2021
 
  
2022
 
Europe
      Ps.  52,307,190     
 
Ps.  49,465,916
 
Brazil
(1)
      18,017,916     
 
31,085,202
 
Puerto Rico
      17,463,394     
 
17,463,394
 
Dominican Republic
      14,186,723     
 
14,186,723
 
Colombia
      11,685,585     
 
8,495,090
 
Mexico
      10,164,814     
 
9,233,694
 
Peru
      2,532,770     
 
2,523,467
 
Chile
(2)
      2,311,239     
 
—  
 
El Salvador
      2,510,595     
 
2,522,768
 
Ecuador
      2,155,384     
 
2,155,384
 
Guatemala
      1,947,203     
 
2,245,161
 
Other countries
      1,295,381     
 
1,744,566
 
    
 
 
     
 
 
  
       Ps.136,578,194     
 
Ps.141,121,365
 
    
 
 
     
 
 
  

(1)
Includes a goodwill as a result of the Jonava acquisition. See Note 12a.
(2)
As a result of the Claro Chile, SpA joint venture, goodwill in Chile was unconsolidated. See Note 12b.
v3.23.1
Business combinations, acquisitions, non-controlling interest and spin-off (Tables)
 12 Months Ended
Dec. 31, 2022
Disclosure of detailed information about business combination [line items]  
Summary of Financial Statements and the Values of the Assets Acquired and Liabilities
Purchase accounting is substantially complete as of the date of consolidated financial statements and the value of assets acquired and liabilities assumed are as follows:
 
    
2022

Figures at
acquisition date
  
Current assets
   
Ps.
2,815,999
 
Other non-current assets
   
 
3,323
 
Intangible assets (excluding goodwill)
   
 
2,836,537
 
Property, plant and equipment
   
 
1,356,916
 
Right-of-use
   
 
4,247,397
 
    
 
 
  
Total acquired assets
   
 
11,260,172
 
    
 
 
  
Accounts payable
   
 
(10,848,303
) 
Other liabilities
   
 
(369,141
) 
    
 
 
  
Total assumed liabilities
   
 
(11,217,444
) 
    
 
 
  
Fair value of acquired assets and assumed liabilities – net of cash acquired
   
 
42,728
 
Acquisition price
   
 
14,232,166
 
    
 
 
  
Goodwill
   
Ps.
14,189,438
 
    
 
 
  
Summary of Selected Financial Data From Consolidated Statements of Financial Position
Additionally, the effect of the transaction was classified as discontinued operations in these consolidated financial statements. See Note 2Ac.
c) Consolidated subsidiaries with non-controlling interests
The Company has control over Telekom Austria, which has a material non-controlling interest. Set out below is summarized information as of December 31, 2021 and 2022 of Telekom Austria’s consolidated financial statements.
The amounts disclosed for this subsidiary are before inter-company eliminations and using the same accounting policies of América Móvil.
Selected financial data from the consolidated statements of financial position
 
    
December 31,
  
     2021     
2022
  
Assets:
                  
Current assets
    Ps. 39,781,192     
Ps.
28,648,246
 
Non-current assets
      142,407,870     
 
126,125,904
 
    
 
 
     
 
 
  
Total assets
    Ps. 182,189,062     
Ps.
154,774,150
 
    
 
 
     
 
 
  
Liabilities and equity:
                  
Current liabilities
    Ps. 68,795,807     
Ps.
50,106,617
 
Non-current liabilities
      58,312,238     
 
47,420,775
 
    
 
 
     
 
 
  
Total liabilities
      127,108,045     
 
97,527,392
 
Equity attributable to equity holders of the parent
      28,066,198     
 
29,173,281
 
Non-controlling interest
      27,014,819     
 
28,073,477
 
    
 
 
     
 
 
  
Total equity
    Ps. 55,081,017     
Ps.
57,246,758
 
    
 
 
     
 
 
  
Total liabilities and equity
    Ps. 182,189,062     
Ps.
154,774,150
  
    
 
 
     
 
 
  
Summary of Consolidated Statements of Comprehensive Income
Summarized consolidated statements of comprehensive income
 
    
For the year ended December 31,
  
     2020      2021     
2022
  
Operating revenues
    Ps. 111,472,191      Ps. 113,838,487     
Ps.
105,956,057
 
Operating costs and expenses
      98,312,325        98,346,896     
 
89,800,536
 
    
 
 
     
 
 
     
 
 
  
Operating income
    Ps. 13,159,866      Ps. 15,491,591     
Ps.
16,155,521
 
    
 
 
     
 
 
     
 
 
  
Net income
    Ps. 7,787,388      Ps. 9,104,962     
Ps.
11,795,662
 
    
 
 
     
 
 
     
 
 
  
Total comprehensive income
    Ps. 12,103,406      Ps. 7,790,499     
Ps.
6,127,362
 
    
 
 
     
 
 
     
 
 
  
Net income attributable to:
                           
Equity holders of the parent
    Ps. 3,986,412      Ps. 4,629,816     
Ps.
6,000,942
 
Non-controlling interest
      3,800,976        4,475,146     
 
5,794,720
 
    
 
 
     
 
 
     
 
 
  
     Ps. 7,787,388      Ps. 9,104,962     
Ps.
11,795,662
 
    
 
 
     
 
 
     
 
 
  
Comprehensive income attributable to:
                           
Equity holders of the parent
    Ps. 6,172,737      Ps. 3,973,154     
Ps.
3,124,955
 
Non-controlling interest
      5,930,669        3,817,345     
 
3,002,407
 
    
 
 
     
 
 
     
 
 
  
     Ps. 12,103,406      Ps. 7,790,499     
Ps.
6,127,362
 
    
 
 
     
 
 
     
 
 
  
v3.23.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Summary of Composition of Income Tax Expense
The composition of income tax expense (benefit) for the years ended December 31, 2020, 2021 and 2022 is as follows:
 
 
  
2020
 
 
2021
 
 
2022
 
Income Tax attributable to a
 
continued operation
                       
 
In Mexico:
                         
Current year income tax
      Ps.13,407,948       Ps.24,355,240      
Ps.29,865,043
 
Deferred income tax
      (9,334,246 )      (5,079,397 )   
 
3,454,279
 
Foreign:
                         
Current year income tax
      11,967,527       23,397,577    
 
17,634,494
 
Deferred income tax
      (2,863,058 )      (9,955,943 )   
 
(4,909,727
) 
    
 
 
    
 
 
    
 
 
  
Total Income tax
      Ps.13,178,171       Ps.32,717,477      
Ps.46,044,089
 
    
 
 
    
 
 
    
 
 
  
Income Tax attributable to a discontinued operation
                         
Income tax discontinued operations in Mexico
      —         26,294,422    
 
—  
 
Income tax discontinued operations Foreign
(1)
      2,525,783       7,144,249    
 
1,805,500
 
 
(1)
 
Includes effects related to the sale of TracFone, Panama and the Claro Chile, SpA joint venture. See Note 2Ac.
 
Summary of Deferred Tax Expense (Benefit) Related to Items Recognized in OCI
Deferred tax expense (benefit) related to items recognized in OCI during the year:
 
    
For the years ended December 31,
  
     2020      2021     
2022
  
Remeasurement of defined benefit plans
    Ps. 4,151,600      Ps. (4,760,089 )    
Ps.
2,651,922
 
Equity investments at fair value
      (665,814 )       583,892     
 
8,364,109
 
Other
      (35,670 )       —       
 
(30,336
) 
Revaluation assets
      (29,922,597 )       —       
 
—  
 
    
 
 
     
 
 
     
 
 
  
Deferred tax benefit recognized in OCI
    Ps. (26,472,481 )     Ps. (4,176,197 )    
Ps.
10,985,695
 
    
 
 
     
 
 
     
 
 
  
Summary of Reconciliation of Statutory Income Tax Rate in Mexico to Consolidated Effective Income Tax Rate Recognized
    
Year ended December 31,
  
     2020     2021    
2022
  
Statutory income tax rate in Mexico
      30.0 %      30.0 %   
 
30.0
% 
Impact of non-deductible and non-taxable items:
                         
Tax inflation effects
      7.9 %      7.8 %   
 
7.2
% 
Derivatives
      (0.9 %)      (0.9 %
)
 		  
 
(0.2
 )
% 
Employee benefits
      3.8 %      2.6 %   
 
2.0
% 
Other
      (3.1 %)      (2.9 %
)
 		  
 
2.2
% 
    
 
 
    
 
 
    
 
 
  
Effective tax rate on Mexican operations
      37.7 %      36.6 %   
 
41.2
% 
Tax recoveries in Brazil
      (11.9 %)      (10.6 %
)
 		  
 
(2.2
 )
% 
Dividends received from associates Equity
      (1.2 %)      (0.7 )%  
 
(0.1
 )
% 
Foreign subsidiaries and other non-deductible items, net
      0.5 %      5.9 %   
 
(4.6
 )
% 
    
 
 
    
 
 
    
 
 
  
Effective tax rate from continuing operations
      25.1 %      31.2 %   
 
34.3
% 
    
 
 
    
 
 
    
 
 
  
Effective tax rate from discontinued operations
      (21.6 )%     (16.4 )%  
 
(21.2
 )
% 
    
 
 
    
 
 
    
 
 
  
 
Summary of Analysis of Temporary Differences Giving Rise to Net Deferred Tax Liability
   
Consolidated statements
of financial position
    
Consolidated statements of net income
  
 
2021
    
2022
    
2020
    
2021
    
2022
  
Provisions
   Ps. 18,038,607    
Ps.
18,813,454
 
   Ps. 3,866,407     Ps. 1,812,523    
Ps.
1,759,784
 
Deferred revenues
     9,041,137    
 
8,153,287
 
     897,762       2,202,413    
 
(688,767
)
 
Tax losses carry forward
     33,954,926    
 
33,314,653
 
     2,236,244       5,571,115    
 
1,202,546
 
Property, plant and equipment 
(1)
     (33,445,815 )   
 
(18,840,025
)
 
     3,990,750       8,016,244    
 
1,696,734
 
Inventories
     135,658    
 
405,489
 
     (2,394,485 )      852,888    
 
253,932
 
Licenses and rights of use 
(1)
     (3,668,389 )   
 
(2,630,583
)
 
     344,729       480,502    
 
229,244
 
Employee benefits
     40,246,031    
 
36,662,123
 
     422,473       (354,802 )   
 
(6,148,504
)
 
Other
     13,520,684    
 
22,537,353
 
     2,833,424       (3,545,542 )   
 
3,150,479
  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net deferred tax assets
   Ps. 77,822,839    
Ps.
98,415,751
 
                        
   
 
 
    
 
 
                          
Deferred tax expense in net profit for the year
 
   Ps. 12,197,304     Ps. 15,035,341    
Ps.
1,455,448
  
Deferred tax discontinued operations
 
     94,710       4,731,603       1,808,298  
                   
 
 
    
 
 
    
 
 
  
 
(1)
As of December 31, 2021 and 2022, the balance included the effects of hyperinflation and revaluation of telecommunications towers.
Summary of Reconciliation of Deferred Tax Assets and Liabilities, Net
Reconciliation of deferred tax assets and liabilities, net:
 
 
  
2020
 
 
2021
 
 
2022
 
Opening balance as of January 1,
    Ps. 88,074,856     Ps. 66,303,077    
Ps.
  77,822,839
 
Deferred tax benefit
      12,292,014       19,623,461    
 
1,455,448
  
Translation effect
      375,105       (727,099 )   
 
(1,644,500
 )
Deferred tax benefit recognized in OCI
      (26,472,481 )      (4,176,197 )   
 
10,985,695
 
Deferred taxes acquired in business combinations
      (2,580,552 )      —      
 
(11,571
) 
Hyperinflationary effect in Argentina
      (5,385,865 )      (3,540,962 )   
 
(942,751
) 
Disposals (Note 2Ac)
              (1,203,203 )  
 
  
(3,856,459
)
Spin Off
      —         —      
 
14,607,050
 
Related discontinued operation
      —         1,543,762    
 
—  
  
    
 
 
    
 
 
    
 
 
  
Closing balance as of December 31,
    Ps.  66,303,077     Ps. 77,822,839    
Ps.
98,415,751
 
    
 
 
    
 
 
    
 
 
  
Presented in the consolidated statements of financial position as follows:
                         
Deferred income tax assets
    Ps. 115,370,240     Ps. 127,287,934    
Ps.
128,717,811
 
Deferred income tax liabilities
      (49,067,163 )      (49,465,095 )   
 
(30,302,060
) 
    
 
 
    
 
 
    
 
 
  
     Ps. 66,303,077     Ps. 77,822,839    
Ps.
98,415,751
 
    
 
 
    
 
 
    
 
 
  
Available Tax Loss Carryforwards Recorded in Deferred Tax Assets
a) At December 31, 2022, the available tax loss carryforwards recorded in deferred tax assets are as follows on a country by country basis:
 
Country
   
Gross balance
of available tax loss
carryforwards at

December 31, 2022
     
Tax-effected
loss carryforward

benefit
  
Brazil
   
Ps.
72,498,097
 
   
Ps.
24,649,353
 
Mexico
   
 
26,969,956
 
   
 
8,090,987
 
Europe
   
 
1,882,415
 
   
 
470,604
 
Peru
   
 
345,697
 
   
 
103,709
 
    
 
 
     
 
 
  
Total
   
Ps.
101,696,165
 
   
Ps.
33,314,653
 
    
 
 
     
 
 
  
v3.23.1
Debt (Tables)
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Summary of Short- and Long-Term Debt
a)
The Company’s short- and long-term debt consists of the following:
 
At December 31, 2021
     
(Thousands of
Mexican pesos)
  
Currency
   
Loan
  
Interest rate
     
Maturity
     
Total
  
Senior Notes
                               
U.S. dollars
                               
 
    Fixed-rate Senior notes (i)     3.625%        2029      Ps. 20,583,500  
 
    Fixed-rate Senior notes (i)     2.875%        2030        20,583,500  
 
    Fixed-rate Senior notes (i)     6.375%        2035        20,199,206  
 
    Fixed-rate Senior notes (i)     6.125%        2037        7,599,943  
 
    Fixed-rate Senior notes (i)     6.125%        2040        41,167,000  
 
    Fixed-rate Senior notes (i)     4.375%        2042        23,671,025  
 
    Fixed-rate Senior notes (i)     4.375%        2049        25,729,375  
 
                         
 
 
  
 
   
Subtotal U.S. dollars
                    
Ps.
159,533,549
 
 
                         
 
 
  
Mexican pesos
                               
 
    Fixed-rate Senior notes (i)     6.450%        2022      Ps. 22,500,000  
 
    Fixed-rate Senior notes (i)     7.125%        2024        11,000,000  
 
    Domestic Senior notes (i)     0.000%        2025        5,284,885  
 
    Fixed-rate Senior notes (i)     8.460%        2036        7,871,700  
 
    Domestic Senior notes (i)     8.360%        2037        5,000,000  
 
                         
 
 
  
 
   
Subtotal Mexican pesos
                    
Ps.
51,656,585
 
 
                         
 
 
  
Euros
                               
 
    Fixed-rate Senior notes (i)     4.000%        2022      Ps. 17,566,473  
 
    Fixed-rate Senior notes (i)     3.500%        2023        7,026,589  
 
    Fixed-rate Senior notes (i)     3.259%        2023        17,566,474  
 
    Fixed-rate Senior notes (i)     1.500%        2024        19,908,670  
 
    Exchangeable Bond (i)     0.000%        2024        49,115,860  
 
    Fixed-rate Senior notes (i)     1.500%        2026        17,566,473  
 
    Fixed-rate Senior notes (i)     0.750%        2027        23,421,965  
 
    Fixed-rate Senior notes (i)     2.125%        2028        15,224,277  
 
                         
 
 
  
 
   
Subtotal Euros
                    
Ps.
167,396,781
 
 
                         
 
 
  
Pound sterling
                               
 
    Fixed-rate Senior notes (i)     5.000%        2026      Ps. 13,924,738  
 
    Fixed-rate Senior notes (i)     5.750%        2030        18,102,159  
 
    Fixed-rate Senior notes (i)     4.948%        2033        8,354,843  
 
    Fixed-rate Senior notes (i)     4.375%        2041        20,887,106  
 
                         
 
 
  
 
   
Subtotal Pound sterling
                    
Ps.
61,268,846
 
 
                         
 
 
  
Brazilian reais
                               
 
   
Debentures (i)
     CDI + 0.960%        2022      Ps.  9,221,172  
 
   
Promissory notes (i)
     106.000% of CDI        2022        7,376,937  
 
   
Debentures (i)
     106.500% of CDI        2022        3,688,469  
 
   
 
                    
 
 
  
 
   
Subtotal Brazilian reais
                    
Ps.
 20,286,578
 
 
   
 
                    
 
 
  
 
   
 
                          
Other currencies
   
 
  
 
 
 
   
 
 
 
   
 
 
 
Japanese yen
   
 
                          
 
   
Fixed-rate Senior notes (i)
     2.950%        2039      Ps. 2,325,617  
 
   
 
                    
 
 
  
 
   
Subtotal Japanese yen
                    
Ps.
2,325,617
 
 
   
 
                    
 
 
  
Chilean pesos
   
 
                          
 
   
Fixed-rate Senior notes (i)
     3.961%        2035      Ps. 3,776,051  
 
   
 
                    
 
 
  
 
   
Subtotal Chilean pesos
                    
Ps.
3,776,051
 
 
   
 
                    
 
 
  
 
   
Subtotal other currencies
                    
Ps.
6,101,668
 
 
   
 
                    
 
 
  
 
   
 
                          
Hybrid Notes
   
 
  
 
 
 
   
 
 
 
   
 
 
 
Euros
   
 
                          
 
   
Euro NC10 Series B Capital Securities (iii)
     6.375%        2073      Ps. 12,882,081  
    
 
                    
 
 
  
    
Subtotal Euros
                    
Ps.
12,882,081
 
    
 
                    
 
 
  
    
Subtotal Hybrid Notes
                    
Ps.
12,882,081
 
                          
 
 
  
 
At December 31, 2021
  
(Thousands of
Mexican pesos)
 
Currency
  
Loan
 
Interest rate
  
Maturity
  
Total
 
Lines of Credit and others
   
 
  
 
   
 
   
 
 
 
U.S. dollars
                       
 
   
Lines of credit (ii)
   0.350% - 0.700%    2022    Ps. 14,723,980  
Euros
                       
 
   
Lines of credit (ii)
  
(0.400%) - (0.450%)
    2022    Ps. 18,737,572  
Mexican pesos
                       
 
   
Lines of credit (ii)
  
TIIE + 0.280% - 

TIIE + 0.400%		    2022    Ps. 34,080,000  
Peruvian soles
                       
 
   
Lines of credit (ii)
   0.976% - 1.045%    2022    Ps. 9,815,068  
Chilean pesos
                       
 
   
Lines of credit (ii)
   TAB + 0.450%    2022    Ps. 7,419,372  
 
   
Financial Leases
   8.700% - 8.970%   
2022 - 2027
    Ps. 47,743  
Others
   
Lines of credit (ii)
   15.790%    2022    Ps. 80,279  
 
                 
 
 
  
 
   
Subtotal Lines of Credit and others
            
Ps.
84,904,014
 
 
                 
 
 
  
 
   
Total debt
              
Ps.564,030,102
 
 
                 
 
 
  
 
   
Less: Short-term debt and current portion of long-term debt
              
Ps.145,222,672
 
 
                 
 
 
  
 
   
Long-term debt
              
Ps.418,807,430
 
                  
 
 
  
 
As of December 31, 2022
  
(Thousands of
Mexican pesos)
 
Currency
 
Loan
 
Interest rate
 
Maturity
  
Total
 
Senior Notes
  
 
  
 
  
 
  
 
 
 
U.S. dollars
                    
   
Fixed-rate Senior notes (i)
   3.625%   2029   Ps. 19,414,300  
   
Fixed-rate Senior notes (i)
   2.875%   2030     19,414,300  
   
Fixed-rate Senior notes (i)
   4.700%   2032     14,560,725  
   
Fixed-rate Senior notes (i)
   6.375%   2035     19,051,835  
   
Fixed-rate Senior notes (i)
   6.125%   2037     7,168,245  
   
Fixed-rate Senior notes (i)
   6.125%   2040     38,741,430  
   
Fixed-rate Senior notes (i)
   4.375%   2042     22,326,445  
   
Fixed-rate Senior notes (i)
   4.375%   2049     24,267,875  
               
 
 
  
   
Subtotal U.S. dollars
          
Ps.
164,945,155
 
               
 
 
  
Mexican pesos
                    
   
Domestic Senior notes (i)
   TIIE + 0.050%   2024   Ps. 1,920,231  
   
Fixed-rate Senior notes (i)
   7.125%   2024     11,000,000  
   
Domestic Senior notes (i)
   0.000%   2025     5,683,928  
   
Domestic Senior notes (i)
   TIIE + 0.300%   2025     335,731  
   
Domestic Senior notes (i)
   9.520%   2032     14,679,166  
   
Fixed-rate Senior notes (i)
   8.460%   2036     7,871,700  
   
Domestic Senior notes (i)
   8.360%   2037     4,964,352  
   
Domestic Senior notes (i)
   4.840%   2037     7,099,289  
               
 
 
  
   
Subtotal Mexican pesos
          
Ps.
53,554,397
 
               
 
 
  
Euros
                    
   
Commercial Paper (iv)
   2.020%   2023   Ps. 519,575  
   
Commercial Paper (iv)
   2.010%   2023     1,039,150  
   
Commercial Paper (iv)
   2.270%   2023     519,575  
   
Commercial Paper (iv)
   2.150%   2023     519,575  
   
Fixed-rate Senior notes (i)
   3.500%   2023     6,234,902  
   
Fixed-rate Senior notes (i)
   3.259%   2023     15,587,256  
   
Exchangeable Bond (i)
   0.000%   2024     43,581,968  
   
Fixed-rate Senior notes (i)
   1.500%   2024     17,665,557  
   
Fixed-rate Senior notes (i)
   1.500%   2026     15,587,256  
   
Fixed-rate Senior notes (i)
   0.750%   2027     15,708,525  
   
Fixed-rate Senior notes (i)
   2.125%   2028     12,395,194  
               
 
 
  
   
Subtotal euros
          
Ps.
129,358,533
 
               
 
 
  

As of December 31, 2022
    
(Thousands of
Mexican pesos)
  
Currency
  
Loan
  
Interest rate
    
Maturity
    
Total
  
Pound Sterling
                            
   
Fixed-rate Senior notes (i)
     5.000%       2026     Ps. 11,729,149  
   
Fixed-rate Senior notes (i)
     5.750%       2030       15,247,894  
   
Fixed-rate Senior notes (i)
     4.948%       2033       7,037,490  
   
Fixed-rate Senior notes (i)
     4.375%       2041       17,593,724  
                       
 
 
  
   
Subtotal Pound Sterling
                  
Ps.
51,608,257
 
                       
 
 
  
Brazilian reais
                            
   
Debentures (i)
     CDI + 1.350
%
       2023     Ps. 9,302,135  
   
Promissory Notes (i)
     CDI + 1.000%       2023       2,976,683  
   
Debentures (i)
     CDI + 1.400%       2024       15,813,630  
   
Debentures (i)
     CDI + 1.370%       2025       5,581,281  
                       
 
 
  
   
Subtotal Brazilian reais
                  
Ps.
33,673,729
 
                       
 
 
  
                             
Other currencies
  
 
  
 
 
 
  
 
 
 
  
 
 
 
Japanese yen
                            
   
Fixed-rate Senior notes (i)
     2.950%       2039     Ps. 1,924,847  
                       
 
 
  
   
Subtotal Japanese yen
                  
Ps.
1,924,847
 
   
 
                  
 
 
  
Chilean pesos
  
 
                        
   
Fixed-rate Senior notes (i)
     4.000%       2035     Ps. 3,964,099  
   
 
                  
 
 
  
   
Subtotal Chilean pesos
                  
Ps.
3,964,099
 
   
 
                  
 
 
  
   
Subtotal other currencies
                  
Ps.
5,888,946
 
                       
 
 
  
                             
Lines of Credit and others
  
 
  
 
 
 
  
 
 
 
  
 
 
 
U.S. dollars
                            
   
Lines of credit (ii)
     5.050%       2023     Ps. 491,750  
Euros
                            
   
Lines of credit (ii)
    
2.083% - 2.650%
      
2023 - 2024
       17,052,458  
Mexican pesos
                            
   
Lines of credit (ii)
     TIIE + 0.280% -
TIIE + 0.580%
 		     2023       43,580,000  
Peruvian Soles
                            
   
Lines of credit (ii)
     6.00%       2023       4,142,056  
Colombian pesos
                            
   
Lines of credit (ii)
     IBR + 2.25%       2023       165,479  
Brazilian reais
                            
   
Lines of credit (ii)
     13.32%       2023       6,105,177  
Others
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
Lines of credit (ii)
     11.00%       2023       23,543  
                       
 
 
  
   
Subtotal Lines of Credit and others
                  
Ps.
71,560,463
 
                       
 
 
  
   
Total debt
                  
Ps.
510,589,480
 
                       
 
 
  
   
Less: Short-term debt and current portion of long-term debt
                  
Ps.
102,024,414
 
                       
 
 
  
   
Long-term debt
                  
Ps.
408,565,066
 
                       
 
 
  
Summary of Short Term Debt Maturities
An analysis of the Company’s short-term debt maturities as of
December 31
, 2021, and December 31, 2022, is as follows:
 
 
  
2021
 
 
2022
 
Obligations and Senior Notes
   
Ps.
 60,353,052    
Ps.
36,698,853
 
Lines of credit
      84,856,270    
 
65,325,561
 
Financial Leases
      13,350    
 
0.00
 
    
 
 
    
 
 
  
Subtotal short term debt
  
Ps.
145,222,672
    
Ps.
102,024,414
 
    
 
 
    
 
 
  
Weighted average interest rate
      4.02 %   
 
8.50
% 
    
 
 
    
 
 
  
Summary of Long Term Debt Maturities
The Company’s long-term debt maturities are as follows:
 
Years
  
Amount
 
2024
   
Ps.
96,216,288
  
2025
   
 
11,600,939
  
2026
   
 
27,316,405
  
2027 and thereafter
   
 
273,431,434
  
    
 
 
  
Total
   
Ps.
408,565,066
  
    
 
 
  
Summary of Senior Notes Outstanding
The outstanding Senior Notes as of December 31, 2021, and December 31, 2022, are as follows:
 
Currency*
  
2021
 
  
2022
 
U.S. dollars
      Ps.159,533,549       
Ps.
164,945,155
  
Mexican pesos
      51,656,585       
53,554,397
  
Euros
      167,396,781       
129,358,533
  
Pound sterling
      61,268,846       
51,608,257
  
Brazilian reais
      20,286,578       
33,673,729
  
Japanese yens
      2,325,617       
1,924,847
  
Chilean pesos
      3,776,051       
3,964,099
  

*
Thousands of Mexican pesos
*
Includes secured and unsecured senior notes.
v3.23.1
Liability related to right of use of assets (Tables)
 12 Months Ended
Dec. 31, 2022
Disclosure of Company right of use asset and Lease liabilities [Abstract]  
Schedule of detailed information about right-of-use assets and lease liabilities
At December 31, 2020, 2021 and 2022 the right-of-use assets and lease liabilities are as follows:

 
 
Right-of-use assets
 
 
Liability related to
right-of-use of
assets
 
 
 
Towers & Sites
 
 
Property
 
 
Other
equipment
 
 
Total
 
As of January 1, 2020
     Ps.96,102,449       Ps.17,439,370       Ps.4,461,404       Ps.118,003,223       Ps.120,596,733  
Additions and release
(1)
     5,745,869       309,576       1,514,519       7,569,964       4,833,959  
Modifications
     8,559,335       (3,035,831 )      1,048,858       6,572,362       7,769,326  
Depreciation
(1)
     (20,672,460 )      (3,235,914 )      (2,850,847 )      (26,759,221 )      —    
Interest expense
     —         —         —         —         8,800,153  
Payments
     —         —         —         —         (29,623,565 ) 
Translation adjustment
     (4,516,318 )      728,234       378,600       (3,409,484 )      (3,049,365 ) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Balance at December 31, 2020
     Ps.85,218,875       Ps.12,205,435       Ps.4,552,534       Ps.101,976,844       Ps.109,327,241  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  

(1)
Restated for discontinued operations

 
 
Right-of-use assets
 
 
Liability related to
right-of-use of
assets
 
 
 
Towers & Sites
 
 
Property
 
 
Other
equipment
 
 
Total
 
As of January 1, 2021
     Ps.85,218,875       Ps.12,205,435       Ps.4,552,534       Ps.101,976,844       Ps.109,327,241  
Additions and release
(1)
     3,145,941       482,456       1,052,022       4,680,419       3,060,042  
Modifications
     10,945,985       1,024,573       998,161       12,968,719       12,535,394  
Depreciation
(1)
     (19,849,598 )      (3,086,201 )      (2,589,506 )      (25,525,305 )      —     
Interest expense
     —         —         —         —         7,129,251  
Payments
     —         —         —         —         (30,544,750 ) 
Translation adjustment
     (2,904,175 )      (689,558 )      (134,551 )      (3,728,284 )      (2,852,953 ) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Balance at December 31, 2021
     Ps.76,557,028       Ps.9,936,705       Ps.3,878,660       Ps.90,372,393       Ps. 98,654,225  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  

(1)
Restated for discontinued operations
 
    Right-of-use assets     Liability related to
right-of-use of
assets		  
    Towers & Sites     Property     Other
equipment		     Total  
As of January 1, 2022
  
Ps.
76,557,028
 
  
Ps.
9,936,705
 
  
Ps.
3,878,660
 
  
Ps.
90,372,393
 
  
Ps.
98,654,225
 
Additions and release
(1)
  
 
42,958,221
 
  
 
574,801
 
  
 
5,463,706
 
  
 
48,996,728
 
  
 
44,134,101
 
Business combinations
  
 
4,247,042
 
  
 
318
 
  
 
5,413
 
  
 
4,252,773
 
  
 
9,129,255
 
Modifications
  
 
11,859,492
 
  
 
3,584,607
 
  
 
1,790,905
 
  
 
17,235,004
 
  
 
19,038,741
 
Depreciation
  
 
(22,858,868
) 
  
 
(3,369,095
) 
  
 
(2,756,898
) 
  
 
(28,984,861
) 
  
 
—  
  
Interest expense
  
 
—  
    
 
—  
    
 
—  
    
 
—  
    
 
8,903,397
 
Payments
  
 
—  
    
 
—  
    
 
—  
    
 
—  
    
 
(33,823,287
) 
Disposals
(2)
  
 
(696,904
) 
  
 
(88,303
) 
  
 
(36,694
) 
  
 
(821,901
) 
  
 
(1,044,480
) 
Transfers
(3)
  
 
(165,779
) 
  
 
(126,763
) 
  
 
(112,301
) 
  
 
(404,843
) 
  
 
(438,571
) 
Translation adjustment
  
 
(5,680,583
) 
  
 
(1,289,832
) 
  
 
(1,800,782
) 
  
 
(8,771,197
) 
  
 
(10,404,570
) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Balance at December 31, 2022
  
Ps.
106,219,649
 
  
Ps.
9,222,438
 
  
Ps.
6,432,009
 
  
Ps.
121,874,096
 
  
Ps.
134,148,811
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
(1)
The increase as compared to the previous year, was due to rights of use and their corresponding liability with Sitios Latam, resulting from the spin-off occurred in August 2022.
(2)
Disposals includes the Panama disposal. See Note 2Ac.
(3)
Transfers includes the Claro Chile, SpA joint venture. See Note 12b.
Schedule of maturity of lease liabilities
The lease debt of the Company is integrated according to its maturities as follows:


 
  
2021
 
  
2022
 
Short term
   
 
Ps.27,632,357
 
 
Ps.
32,902,237
 
Long term
   
 
71,021,868
 
 
 
101,246,574
 
    
 
 
 
 
 
 
  
Total
   
 
Ps.98,654,225
 
 
Ps.
134,148,811
 
    
 
 
 
 
 
 
  
The Company’s long-term debt maturities as of December 31, 2022 are as follows:
 
Year ended December 31,
       
2024
   
Ps.
7,958,375
 
2025
   
 
10,209,699
 
2026
   
 
20,897,718
 
2027
   
 
14,326,772
 
2028
   
 
17,580,798
 
2029 and thereafter
   
 
30,273,212
 
    
 
 
  
Total
   
Ps.
101,246,574
 
    
 
 
  
Summary of lease cost recognized expenses
During the years ended December 31, 2020, 2021 and 2022, the Company recognized expenses as follows:

 
  
2020
 
 
  
Others
 
  
Related parties
 
  
Total
 
Depreciation expense of right-of-use assets 
(1)
   
Ps.
 22,404,924     
Ps.
 4,354,297     
Ps.
 26,759,221  
Interest expense on lease liabilities
(1)
      7,081,693        1,718,460        8,800,153  
Expense relating to short-term leases
      32,238        —          32,238  
Expense relating to leases of low-value assets
      2,883        —          2,883  
Variable lease payments
      78,494        —          78,494  
    
 
 
     
 
 
     
 
 
  
Total
   
Ps.
 29,600,232     
Ps.
 6,072,757     
Ps.
 35,672,989  
    
 
 
     
 
 
     
 
 
  

(1)
Restated for discontinued operations

 
  
2021
 
 
  
Others
 
  
Related parties
 
  
Total
 
Depreciation expense of right-of-use assets
(2)
      Ps.19,932,317        Ps.5,592,988        Ps.25,525,305  
Interest expense on lease liabilities
(2)
      6,212,774        916,477        7,129,251  
Expense relating to short-term leases
      29,833        —          29,833  
Expense relating to leases of low-value assets
      685        —          685  
Variable lease payments
      68,236        —          68,236  
    
 
 
     
 
 
     
 
 
  
Total
      Ps.26,243,845        Ps.6,509,465        Ps.32,753,310  
    
 
 
     
 
 
     
 
 
  

(2)
Restated for discontinued operations
 
    
2022
  
    
Others
 
  
Related parties
 
  
Total
  
Depreciation expense of right-of-use assets
   
Ps.
18,095,871
 
   
Ps.
10,888,990
 
   
Ps.
28,984,861
 
Interest expense on lease liabilities
   
 
6,395,988
 
   
 
2,507,409
 
   
 
8,903,397
 
Expense relating to short-term leases
   
 
24,234
 
   
 
—  
     
 
24,234
 
Expense relating to leases of low-value assets
   
 
886
 
   
 
—  
     
 
886
 
Variable lease payments
   
 
65,520
 
   
 
—  
     
 
65,520
 
    
 
 
     
 
 
     
 
 
  
Total
   
Ps.
24,582,499
 
   
Ps.
13,396,399
 
   
Ps.
37,978,898
 
    
 
 
     
 
 
     
 
 
  
v3.23.1
Accounts payable, accrued liabilities and asset retirement obligations (Tables)
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Components of the Accounts Payable
a)
The components of the accounts payable are as follows:
 
    
At December 31,
  
     2021     
2022
  
Suppliers
    Ps. 87,942,106     
Ps.
69,238,025
 
Sundry creditors
      107,111,390     
 
95,270,108
 
Interest payable
      6,827,225     
 
6,671,247
 
Guarantee deposits from customers
      1,577,424     
 
833,424
 
Dividends payable
      3,029,536     
 
2,459,965
 
    
 
 
     
 
 
  
Total
    Ps. 206,487,681     
Ps.
174,472,769
 
    
 
 
     
 
 
  
Summary of Balance of Accrued Liabilities
b)
The balance of accrued liabilities at December 31, 2021 and 2022 are as follows:
 
    
At December 31,
  
     2021     
2022
  
Current liabilities
                  
Direct employee benefits payable
    Ps. 20,052,946     
Ps.
20,964,474
 
Provisions
      34,338,518     
 
35,850,857
 
    
 
 
     
 
 
  
Total
    Ps. 54,391,464     
Ps.
56,815,331
 
    
 
 
     
 
 
  
Summary of Movements in Contingent Liabilities
The movements in contingencies for the years ended December 31, 2021 and 2022 are as follows:
 
 
  
Balance at
December 31,
2020
 
  
Effect of
translation
 
  
Increase of
the year
 
  
Applications
 
  
Balance at
December 31,
2021
 
 
  
Payments
 
  
Reversals
 
Contingencies
    Ps. 31,326,691      Ps. 1,556,950      Ps. 7,425,182        Ps.(4,079,190)       Ps.(1,891,115)     Ps. 34,338,518  
    
 
 
     
 
 
     
 
 
     
 
 
    
 
 
    
 
 
  
 
 
  
Balance at

December 31,

2021
 
  
Effect of

translation
 
  
Increase of

the year
 
  
Applications
 
  
Balance at

December 31,

2022
 
 
  
Payments
 
  
Reversals
 
Contingencies
   
Ps.
34,338,518
 
  
Ps.
1,430,535
 
  
Ps.
5,236,368
 
  
 
Ps.(3,864,013)

 
 
Ps.(1,290,551)
 
 
Ps.
35,850,857
 
    
 
 
     
 
 
     
 
 
     
 
 
    
 
 
    
 
 
  
Provisions and contingencies include tax, labor, regulatory and other legal type contingencies. See Note 17 b) for detail of contingencies.
Summary of Movements in Asset Retirement Obligations
c)
The movements in the asset retirement obligations for the years ended December 31, 2021 and 2022 are as follows:

 
  
Balance at

December 31,

2020
 
  
Effect of

translation
 
 
Increase of

the year
 
  
Applications
 
 
Balance at

December 31,

2021
 
 
  
Payments
 
 
Reversals
 
Asset retirement obligations
    Ps. 17,887,991      Ps. (910,181 )    Ps. 1,273,201      Ps. (148,634 )    Ps. (1,350,154 )    Ps. 16,752,223  
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
    
 
 
  

 
 
Balance at

December 31,

2021
 
 
Business
combination
 
 
Spin-off

effect
(2)
 
 
Effect of

translation
 
 
Increase of

the year
 
 
Applications
 
 
Balance at

December 31,

2022
 
 
 
Payments
 
 
Reversals
(1)
 
Asset retirement obligations
 
 
Ps.16,752,223
 
 
 
Ps.156,578
 
 
 
Ps.(4,257,531)
 
 
 
Ps.(1,138,217)
 
 
 
Ps.350,802
 
 
 
Ps.(201,523)
 
 
 
Ps.(862,335)
 
 
 
Ps.10,799,997
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
v3.23.1
Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Purchase Commitments
As of December 31, 2022, the total amounts equivalent to the contract period are detailed below:
 
Year ended December 31,
       
2023
   
Ps.
944,948
 
2024
   
 
15,568,565
 
2025
   
 
3,231,796
 
2026
   
 
3,190,572
 
2027 and 2028
   
 
6,386,664
 
2029 and thereafter
   
 
14,894,378
 
    
 
 
  
Total
   
Ps.
44,216,923
 
    
 
 
  
v3.23.1
Employee Benefits (Tables)
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Analysis of the Net Liability and Net Period Cost for Employee Benefit
An analysis of the net liability and net period cost for employee benefits is as follows:

 
  
At December 31,
 
 
  
2021
 
  
2022
 
Mexico
    Ps. 110,225,654     
Ps.
112,031,055
 
Puerto Rico
      12,502,377     
 
8,859,265
 
Brazil
      6,108,744     
 
6,303,584
 
Europe
      13,127,228     
 
9,971,256
 
Ecuador
      601,239     
 
519,239
 
El Salvador
      177,922     
 
135,299
 
Nicaragua
      75,084     
 
62,327
 
Honduras
      32,217     
 
41,292
 
    
 
 
     
 
 
  
Total
    Ps. 142,850,465     
Ps.
137,923,317
 
    
 
 
     
 
 
  

 
  
For the year ended December 31,
 
 
  
2020
 
  
2021
 
  
2022
 
Mexico
    Ps. 14,911,208      Ps. 15,507,652     
Ps.
13,673,155
 
Puerto Rico
      664,046        548,550     
 
538,681
 
Brazil
      722,412        724,587     
 
587,552
 
Europe
      1,701,424        1,753,872     
 
1,176,028
 
Ecuador
      67,402        111,353     
 
(29,743
) 
El Salvador
      15,751        19,081     
 
14,384
 
Nicaragua
      3,711        18,561     
 
11,502
 
Honduras
      —          4,718     
 
7,593
 
    
 
 
     
 
 
     
 
 
  
Total
    Ps. 18,085,954      Ps. 18,688,374     
Ps.
15,979,152
 
    
 
 
     
 
 
     
 
 
  
Summary of Defined Benefit Obligation (DBO) and Plan Assets for the Pension and Other Benefit Obligation Plans
The defined benefit obligation (DBO) and plan
a
ssets for the pension and other benefit obligation plans, by country, are as follows:

 
 
At December 31
 
 
 
2021
 
 
2022
 
 
 
DBO
 
 
Plan Assets
 
 
Effect of
asset ceiling
 
 
Net employee
benefit liability
 
 
DBO
 
 
Plan Assets
 
 
Effect of
asset ceiling
 
 
Net employee
benefit
liability
 
Mexico
   Ps. 286,396,483       Ps.(177,270,561)     Ps. —       Ps. 109,125,922    
Ps.
285,775,547
 
    
Ps.(174,814,669)
 
  
Ps.
—  
 
  
Ps.
110,960,878
 
Puerto Rico
     38,092,662       (25,590,285 )      —         12,502,377    
 
26,747,454
 
  
 
(17,888,189
) 
  
 
—  
 
  
 
8,859,265
 
Brazil
     15,497,227       (15,466,336 )      4,422,459       4,453,350    
 
14,599,954
 
  
 
(15,823,761
) 
  
 
6,064,069
 
  
 
4,840,262
 
Europe
     5,093,036       —         —         5,093,036    
 
3,464,777
 
  
 
—  
 
  
 
—  
 
  
 
3,464,777
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total
   Ps. 345,079,408       Ps.(218,327,182)     Ps. 4,422,459     Ps. 131,174,685    
Ps.
330,587,732
 
    
Ps.(208,526,619)
 
  
Ps.
6,064,069
 
  
Ps.
128,125,182
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
  
Summary of the Actuarial Results Generated for the Pension and Retirement Plans as well as the Medical Services
Below is a summary of the actuarial results generated for the pension and retirement plans as well as the medical services in Puerto Rico and Brazil; the pension plans and seniority premiums related to Telmex; the pension plan, the service awards plan and severance in Austria corresponding to the years ended December 31, 2020, 2021 and 2022:
 
     At December 31, 2020  
     DBO     Plan Assets     Effect of asset
ceiling		     Net employee
benefit liability		  
Balance at the beginning of the year
    Ps. 342,569,774     Ps. (206,300,821 )    Ps. 4,428,021     Ps. 140,696,974  
Current service cost
      2,810,584                       2,810,584  
Interest cost on projected benefit obligation
      30,482,173                       30,482,173  
Expected return on plan assets
              (17,655,119 )              (17, 655,119 ) 
Changes in the asset ceiling during the period and others
                      278,639       278,639  
Past service costs and other
              148,253               148,253  
Actuarial gain for changes in experience
      (8,945 )                      (8,945 ) 
Actuarial gain from changes in demographic assumptions
      (270 )                      (270 ) 
Actuarial loss from changes in financial assumptions
      20,219                       20,219  
    
 
 
    
 
 
    
 
 
    
 
 
  
Net period cost
    Ps. 33,303,761     Ps. (17,506,866 )    Ps. 278,639     Ps. 16,075,534  
Actuarial gain for changes in experience
      (9,677 )                      (9,677 ) 
Actuarial gain from changes in demographic assumptions
      (103,987 )                      (103,987 ) 
Actuarial loss from changes in financial assumptions
      3,475,345                       3,475,345  
Changes in the asset ceiling during the period and others
                      (542,430 )      (542,430 ) 
Return on plan assets greater than discount rate (shortfall)
              12,320,777               12,320,777  
Others
      (924,084 )                      (924,084 ) 
    
 
 
    
 
 
    
 
 
    
 
 
  
Recognized in other comprehensive income
    Ps. 2,437,597     Ps. 12,320,777     Ps. (542,430 )    Ps. 14,215,944  
Contributions made by plan participants
      137,947       (137,947 )              —    
Contributions to the pension plan made by the Company
              (1,882,654 )              (1,882,654 ) 
Benefits paid
      (19,740,727 )      19,740,727               —    
Payments to employees
      (14,426,720 )                      (14,426,720 ) 
Effect of translation
      (1,278,392 )      2,217,201       (770,590 )      168,219  
    
 
 
    
 
 
    
 
 
    
 
 
  
Others
    Ps. (35,307,892 )    Ps. 19,937,327     Ps. (770,590 )    Ps. (16,141,155 ) 
Balance at the end of the year
      343,003,240       (191,549,583 )      3,393,640       154,847,297  
Less short-term portion
      (268,940 )                      (268,940 ) 
    
 
 
    
 
 
    
 
 
    
 
 
  
Non-current obligation
    Ps. 342,734,300     Ps. (191,549,583 )    Ps. 3,393,640     Ps. 154,578,357  
    
 
 
    
 
 
    
 
 
    
 
 
  
 
     At December 31, 2021  
     DBO     Plan Assets     Effect of asset
ceiling		     Net employee
benefit liability		  
Balance at the beginning of the year
    Ps. 343,003,240     Ps. (191,549,583 )    Ps. 3,393,640     Ps. 154,847,297  
Current service cost
      2,090,896                       2,090,896  
Interest cost on projected benefit obligation
      28,913,257                       28,913,257  
Expected return on plan assets
              (15,112,669 )              (15,112,669 ) 
Changes in the asset ceiling during the period and others
                      215,544       215,544  
Past service costs and other
              139,910               139,910  
Actuarial gain for changes in experience
      (23,024 )                      (23,024 ) 
Actuarial gain from changes in demographic assumptions
      (48 )                      (48 ) 
Actuarial gain from changes in financial assumptions
      (6,907 )                      (6,907 ) 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net period cost
    Ps. 30,974,174     Ps. (14,972,759)     Ps. 215,544     Ps. 16,216,959  
Actuarial loss for changes in experience
      10,728,950                       10,728,950  
Actuarial gain from changes in demographic assumptions
      (104,568 )                      (104,568 ) 
Actuarial gain from changes in financial assumptions
      (4,099,321 )                      (4,099,321 ) 
Changes in the asset ceiling during the period and others
                      969,433       969,433  
Return on plan assets greater than discount rate (shortfall)
              (22,198,615 )              (22,198,615 ) 
    
 
 
    
 
 
    
 
 
    
 
 
  
Recognized in other comprehensive income
    Ps. 6,525,061     Ps. (22,198,615 )    Ps. 969,433     Ps. (14,704,121 ) 
Contributions made by plan participants
      99,201       (99,201 )              —    
Contributions to the pension plan made by the Company
              311,108               311,108  
Benefits paid
      (10,574,420 )      10,348,544               (225,876 ) 
Payments to employees
      (25,042,314 )                      (25,042,314 ) 
Effect of translation
      330,770       (166,676 )      (156,158 )      7,936  
Others
    Ps. (35,186,763
)
   Ps. 10,393,775     Ps. (156,158
)
   Ps. (24,949,146
)
Balance at the end of the year
      345,315,712       (218,327,182 )      4,422,459       131,410,989  
Less short-term portion
      (236,304 )                      (236,304 ) 
    
 
 
    
 
 
    
 
 
    
 
 
  
Non-current obligation
    Ps. 345,079,408     Ps. (218,327,182
)
   Ps. 4,422,459     Ps. 131,174,685  
    
 
 
    
 
 
    
 
 
    
 
 
  
 
   
At December 31, 2022
  
   
DBO
    
Plan Assets
    
Effect of asset

ceiling
    
Net employee

benefit liability
  
Balance at the beginning of the year
  
Ps.
345,315,712
 
  
Ps.
(218,327,182
) 
  
Ps.
4,422,459
 
  
Ps.
131,410,989
 
Current service cost
  
 
1,534,180
 
  
 
—  
 
  
 
—  
 
  
 
1,534,180
 
Interest cost on projected benefit obligation
  
 
30,565,134
 
  
 
—  
 
  
 
—  
 
  
 
30,565,134
 
Expected return on plan assets
  
 
—  
 
  
 
( 18,819,322
 )
 
  
 
—  
 
  
 
( 18,819,322
 )
 
Changes in the asset ceiling during the period and others
  
 
—  
 
  
 
—  
 
  
 
398,399
 
  
 
398,399
 
Past service costs and other
  
 
—  
 
  
 
142,911
 
  
 
—  
 
  
 
142,911
 
Actuarial gain for changes in experience
  
 
( 43,603
 )
 
  
 
—  
 
  
 
—  
 
  
 
( 43,603
 )
 
Actuarial gain from changes in demographic assumptions
  
 
( 64
 )
 
  
 
—  
 
  
 
—  
 
  
 
( 64
 )
 
Actuarial gain from changes in financial assumptions
  
 
( 88,990
 )
 
  
 
—  
 
  
 
—  
 
  
 
( 88,990
 )
 
   
 
 
    
 
 
    
 
 
    
 
 
  
Net period cost
  
Ps.
31,966,657
 
  
Ps.
(18,676,411
) 
  
Ps.
398,399
 
  
Ps.
13,688,645
 
Actuarial loss for changes in experience
  
 
2,747,706
 
  
 
—  
 
  
 
—  
 
  
 
2,747,706
 
Actuarial loss from changes in demographic assumptions
  
 
55,037
 
  
 
—  
 
  
 
—  
 
  
 
55,037
 
Actuarial gain from changes in financial assumptions
  
 
( 9,838,708
 )
 
  
 
—  
 
  
 
—  
 
  
 
( 9,838,708
 )
 
Changes in the asset ceiling during the period and others
  
 
—  
 
  
 
—  
 
  
 
1,283,501
 
  
 
1,283,501
 
Return on plan assets greater than discount rate (shortfall)
  
 
—  
 
  
 
13,719,181
 
  
 
—  
 
  
 
13,719,181
 
   
 
 
    
 
 
    
 
 
    
 
 
  
Recognized in other comprehensive income
  
Ps.
(7,035,965
) 
  
Ps.
13,719,181
 
  
Ps.
1,283,501
 
  
Ps.
7,966,717
 
Contributions made by plan participants
  
 
78,642
 
  
 
( 78,642
 )
 
  
 
—  
 
  
 
—  
 
Contributions to the pension plan made by the Company
  
 
—  
 
  
 
516,280
 
  
 
—  
 
  
 
516,280
 
Benefits paid
  
 
( 13,502,781
 )
 
  
 
13,221,202
 
  
 
—  
 
  
 
( 281,579
 )
 
Payments to employees
  
 
( 23,753,735
 )
 
  
 
—  
 
  
 
—  
 
  
 
( 23,753,735
 )
 
Plan changes
  
 
12,461
 
  
 
—  
 
  
 
—  
 
  
 
12,461
 
Effect of translation
  
 
( 2,218,050
 )
 
  
 
1,098,953
 
  
 
( 40,290
 )
 
  
 
( 1,159,387
 )
 
   
 
 
    
 
 
    
 
 
    
 
 
  
Others
  
Ps.
(39,383,463
 )
 
  
Ps.
14,757,793
 
  
Ps.
( 40,290
 )
 
  
Ps.
(24,665,960
 )
 
Balance at the end of the year
  
 
330,862,941
 
  
 
( 208,526,619
 )
 
  
 
6,064,069
 
  
 
128,400,391
 
Less short-term portion
  
 
( 275,209
 )
 
  
 
—  
 
          
 
( 275,209
 )
 
   
 
 
    
 
 
    
 
 
    
 
 
  
Non-current obligation
  
Ps.
330,587,732
 
  
Ps.
(208,526,619
) 
  
Ps.
6,064,069
 
  
Ps.
128,125,182
 
   
 
 
    
 
 
    
 
 
    
 
 
  
Schedule of Plan Assets Invested
At December 31
 
     2021    
2022
  
     Puerto Rico     Brazil     Mexico    
Puerto Rico
    
Brazil
    
Mexico
  
Equity instruments
      42 %      —         74 %   
 
40
% 
  
 
—  
 
  
 
74
% 
Debt instruments
      21 %      94 %      26 %   
 
24
% 
  
 
92
% 
  
 
26
% 
Others
      37 %      6 %      —      
 
36
% 
  
 
8
% 
  
 
—  
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
       100 %      100 %      100 %   
 
100
% 
  
 
100
% 
  
 
100
% 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Summary of Assumptions Used in Determining the Net Period Cost
The assumptions used in determining the net period cost were as follows:

 
 
2020
 
2021
 
2022
 
 
Puerto
Rico
 
 
Brazil
 
Mexico
 
 
Europe
 
Puerto
Rico
 
 
Brazil
 
Mexico
 
 
Europe
 
Puerto
Rico
 
 
Brazil
 
 
Mexico
 
 
Europe
Discount rate and long- term rate return
                       0.25%,                       0.25%,                            
          6.48% &          
 
0.50% &
           8.51% &          
 
0.75% &
          
 
10.11% &
 
            
 
 
 
 
2.34
 
% 
  
 
7.39%
  
 
 
 
10.04
 
% 
  
 
0.75%
  
 
 
 
2.75
 
% 
  
 
8.67%
  
 
 
 
10.4
 
% 
  
 
1.00%
  
 
 
 
5.42
 
% 
  
 
 
 
10.05%
 
 
  
 
 
 
11.5
 
% 
  
 
3.75%
                         
Rate of future salary increases
                       3.00%,                       3.00%,                          
4.5%
                      3.5% &                       3.40% &                          
5.3% &
    2.75%     3.25%     2.84%     4.10%     2.75%     3.25%     2.80%     4.00%  
 
2.75%
 
  
 
3.50%
 
  
 
2.8%
 
  
3.4%,4.6%
                         
Percentage of increase in health care costs for the coming year
     2.28%     9.96%                 2.72%     9.44%              
 
5.44%
 
  
 
9.71%
 
            
                         
Year to which this level will be maintained
     N/A     2031                 NA     2030              
 
NA
 
  
 
2031
 
            
                         
Rate of increase of pensions
                       1.60%                       1.60%                          
1.90%
                         
Employee turnover rate*
                      
0.00%
-1.31%
                      
0.00%
-1.12%
                          
0.00%
-1.03%
 
*
Depending on years of service
Summary of Increase (Decrease) Would Have Resulted in the DBO Pension and Other Benefits
    
-100 points
     
+100 points
  
Discount rate
    Ps. 25,334,948      Ps. (22,163,575)  
Health care cost trend rat
    Ps. (388,889)      Ps. 444,735  
Summary of Long-Term Direct Employee Benefits
     Balance at
December 31,
2020		      Effect of
translation		     Increase of
the year		      Payments     Balance at
December 31,
2021		  
Long-term direct employee benefits
    Ps. 8,750,603      Ps. (328,619 )    Ps. 1,824,693      Ps. (2,320,831 )    Ps. 7,925,846  
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
  
           
    
Balance at
December 31,
2021
     
Effect of
translation
    
Increase of
the year
     
Payments
    
Balance at
December 31,
2022
  
Long-term direct employee benefits
   
Ps.
7,925,846
 
   
Ps.
(879,484
) 
  
Ps.
1,376,566
 
   
Ps.
(2,019,176
) 
  
Ps.
6,403,752
 
    
 
 
     
 
 
    
 
 
     
 
 
    
 
 
  
v3.23.1
Financial Assets and Liabilities (Tables)
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Summary of Categorization of the Financial Instruments, Excluding Cash and Cash Equivalents
Set out below is the categorization of the financial instruments, excluding cash and cash equivalents, held by the Company as of December 31, 2021 and 2022:
 
     December 31, 2021  
     Loans and
Receivables		      Fair value
through
profit or loss		      Fair value
through OCI		  
Financial Assets:
                           
Equity investments at fair value through OCI and other short-term investments (Note 4)
    Ps. 15,026      Ps. —        Ps. 117,688,176  
Accounts receivable from subscribers, distributors, contractual assets and other (Note 5)
      166,041,321        —          —    
Related parties (Note 6)
      1,158,611        —          —    
Derivative financial instruments (Note 7)
      —          10,130,806        —    
    
 
 
     
 
 
     
 
 
  
Total current assets
      167,214,958        10,130,806        117,688,176  
    
 
 
     
 
 
     
 
 
  
Non-current assets
                  
Debt instruments at fair value through OCI
      —          —          6,894,757  
    
 
 
     
 
 
     
 
 
  
Total
    Ps. 167,214,958      Ps. 10,130,806      Ps. 124,582,933  
    
 
 
     
 
 
     
 
 
  
Financial Liabilities:
                           
Debt (Note 14)
    Ps.

 564,030,102      Ps. —        Ps. —    
Liability related to right-of-use of assets (Note 15)
      98,654,225        —          —    
Accounts payable (Note 16)
      206,487,681        —          —    
Related parties (Note 6)
      4,216,882        —          —    
Derivative financial instruments (Note 7)
      —          10,034,508        —    
    
 
 
     
 
 
     
 
 
  
Total
    Ps. 873,388,890      Ps. 10,034,508      Ps. —    
    
 
 
     
 
 
     
 
 
  

    
December 31, 2022
  
    
Loans and
Receivables
     
Fair value
through
profit or loss
     
Fair value
through OCI
  
Financial Assets:
                           
Equity investments at fair value through OCI and other short-term investments (Note 4)
   
Ps.
 
 
   
Ps.
—  
 
   
Ps.
88,428,111
 
Accounts receivable from subscribers, distributors, contractual assets and other (Note 5)
   
 
161,201,512
 
   
 
—  
 
   
 
—  
 
Related parties (Note 6)
   
 
2,287,213
 
   
 
—  
 
   
 
—  
 
Derivative financial instruments (Note 7)
   
 
—  
 
   
 
2,602,680
 
   
 
—  
 
    
 
 
     
 
 
     
 
 
  
Total current assets
   
 
163,488,725
 
   
 
2,602,680
 
   
 
88,428,111
 
    
 
 
     
 
 
     
 
 
  
Non-current assets
                           
Debt instruments at fair value through OCI
   
 
—  
 
   
 
—  
 
   
 
6,981,149
 
    
 
 
     
 
 
     
 
 
  
Total
   
Ps.
163,488,725
 
   
Ps.
2,602,680
 
   
Ps.
95,409,260
 
    
 
 
     
 
 
     
 
 
  
Financial Liabilities:
                           
Debt (Note 14)
   
Ps.
510,589,480
 
   
Ps.
—  
 
   
Ps.
—  
 
Liability related to right-of-use of assets (Note 15)
   
 
134,148,811
 
   
 
—  
 
   
 
—  
 
Accounts payable (Note 16)
   
 
174,472,769
 
   
 
—  
 
   
 
—  
 
Related parties (Note 6)
   
 
7,224,218
 
   
 
—  
 
   
 
—  
 
Derivative financial instruments (Note 7)
   
 
—  
 
   
 
25,331,346
 
   
 
—  
 
    
 
 
     
 
 
     
 
 
  
Total
   
Ps.
826,435,278
 
   
Ps.
25,331,346
 
   
Ps.
—  
 
    
 
 
     
 
 
     
 
 
  
Summary of Fair Value for the Financial Assets (Excluding Cash and Cash Equivalents) and Financial Liabilities
The fair value for the financial assets (excluding cash and cash equivalents) and financial liabilities shown in the consolidated statements of financial position at December 31, 2021 and 2022 is as follows:
 
    
Measurement of fair value at December 31, 2021
  
    
Level 1
     
Level 2
     
Level 3
     
Total
  
Assets:
                                    
Equity investments at fair value through OCI and other short-term investments
    Ps. 117,688,176      Ps. 15,026      Ps. —        Ps. 117,703,202  
Derivative financial instruments (Note 7)
      —          10,130,806        —          10,130,806  
Revalued of assets (Note
10
)
      —          —          98,172,675        98,172,675  
Pension plan assets (Note 18)
      196,148,604        22,124,138        54,440        218,327,182  
    
 
 
     
 
 
     
 
 
     
 
 
  
Total current assets
      313,836,780        32,269,970        98,227,115        444,333,865  
    
 
 
     
 
 
     
 
 
     
 
 
  
Debt instruments at fair value through OCI
      —          6,894,757        —          6,894,757  
    
 
 
     
 
 
     
 
 
     
 
 
  
Total
    Ps. 313,836,780      Ps. 39,164,727      Ps. 98,227,115      Ps. 451,228,622  
    
 
 
     
 
 
     
 
 
     
 
 
  
Liabilities:
                                    
Debt
    Ps. 440,660,165      Ps. 180,122,540      Ps. —        Ps. 620,782,705  
Liability related to right-of-use of assets
      98,654,225        —          —          98,654,225  
Derivative financial instruments (Note 7)
      —          10,034,508        —          10,034,508  
    
 
 
     
 
 
     
 
 
     
 
 
  
Total
    Ps. 539,314,390      Ps. 190,157,048      Ps. —        Ps. 729,471,438  
    
 
 
     
 
 
     
 
 
     
 
 
  
 
 
  
Measurement of fair value at December 31, 2022
 
 
  
Level 1
 
  
Level 2
 
  
Level 3
 
  
Total
 
Assets:
                                    
Equity investments at fair value through OCI and other short-term investments
   
Ps.
88,428,111
     
Ps.
—  
 
   
Ps.
—  
 
   
Ps.
88,428,111
 
Derivative financial instruments (Note 7)
   
 
—  
 
   
 
2,602,680
 
   
 
—  
 
   
 
2,602,680
 
Revalued of assets (Note
10
)
   
 
—  
 
   
 
—  
 
   
 
38,353,719
 
   
 
38,353,719
 
Pension plan assets (Note 18)
   
 
192,829,688
     
 
15,657,661
     
 
39,270
 
   
 
208,526,619
 
    
 
 
     
 
 
     
 
 
     
 
 
  
Total current assets
   
 
281,257,799
     
 
18,260,341
     
 
38,392,989
     
 
337,911,129
 
    
 
 
     
 
 
     
 
 
     
 
 
  
Debt instruments at fair value through OCI
   
 
—  
 
   
 
6,981,149
 
   
 
—  
 
   
 
6,981,149
 
    
 
 
     
 
 
     
 
 
     
 
 
  
Total
   
Ps.
281,257,799
     
Ps.
25,241,490
 
   
Ps.
38,392,989
 
   
Ps.
344,892,278
 
    
 
 
     
 
 
     
 
 
     
 
 
  
Liabilities:
                                    
Debt
   
Ps.
371,709,395
 
   
Ps.
116,848,635
 
   
Ps.
—  
 
   
Ps.
488,558,030
 
Liability related to right-of-use of assets
   
 
134,148,811
 
   
 
—  
 
   
 
—  
 
   
 
134,148,811
 
Derivative financial instruments
   
 
—  
 
   
 
25,331,346
 
   
 
—  
 
   
 
25,331,346
 
    
 
 
     
 
 
     
 
 
     
 
 
  
Total
   
Ps.
505,858,206
 
   
Ps.
142,179,981
 
   
Ps.
—  
 
   
Ps.
648,038,187
 
    
 
 
     
 
 
     
 
 
     
 
 
  
Summary of Changes in Liabilities Arising From Financing Activities
Changes in liabilities arising from financing activities
 
 
  
At December 31,
2020
 
  
Cash flow
 
 
Foreign currency
exchange and
other
 
  
At December 31,
2021
 
Debt
    Ps. 628,382,956      Ps. (58,354,281)     Ps. (5,998,573)     Ps. 564,030,102  
Liability related to right-of-use of assets
      109,327,241        (30,544,750 )      19,871,734       98,654,225  
    
 
 
     
 
 
    
 
 
    
 
 
  
Total liabilities from financing activities
   
Ps.
737,710,197
 
   
Ps.
(88,899,031
) 
  
Ps.
13,873,161
 
  
Ps.
662,684,327
 
    
 
 
     
 
 
    
 
 
    
 
 
  

 
  
At December 31,
2021
 
  
Cash flow
 
 
Foreign currency

exchange and

other
 
  
At December 31,

2022
 
Debt
   
Ps.
564,030,102
 
   
Ps.
43,073,992
 
  
Ps.
(96,514,614)
 
  
Ps.
510,589,480
 
Liability related to right-of-use of assets
   
 
98,654,225
 
   
 
(33,823,287
 )
 
  
 
69,317,873
 
  
 
134,148,811
 
    
 
 
     
 
 
    
 
 
    
 
 
  
Total liabilities from
 
financing activities
   
Ps.
662,684,327
 
   
Ps.
9,250,705
 
  
Ps.
(27,196,741)
    
Ps.
644,738,291
 
    
 
 
     
 
 
    
 
 
    
 
 
  
v3.23.1
Shareholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Summary of Computation of The Basic and Diluted Earnings
The following table shows the computation of the basic and diluted earnings per share:
 
   
For the years ended December 31,
  
   
(1)

2020
    
(1)

2021
    
2022
  
Net profit for the period attributable to equity holders of the parent from continuing operations
   Ps. 35,264,826     Ps. 68,187,225    
Ps.
82,878,406
 
Net profit for the period attributable to equity holders of the parent from discontinued operations
     11,587,779       124,235,942    
 
(6,719,015
) 
   
 
 
    
 
 
    
 
 
  
Net profit for the period attributable to equity holders of the parent
     46,852,605       192,423,167    
 
76,159,391
 
Weighted average shares (in millions)
     66,265       65,967    
 
63,936
 
   
 
 
    
 
 
    
 
 
  
Earnings per share attributable to equity holders of the parent continuing operations
   Ps. 0.53     Ps. 1.03    
Ps.
1.30
 
   
 
 
    
 
 
    
 
 
  
Earnings per share attributable to equity holders of the parent discontinued operations
   Ps. 0.17     Ps. 1.88    
Ps.
(0.11)
  
   
 
 
    
 
 
    
 
 
  
v3.23.1
Components of other comprehensive income (loss) (Tables)
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Summary of Movement on the Components of the Other Comprehensive Loss
The movement on the components of the other comprehensive income (loss) for the years ended December 31, 2020, 2021 and 2022 is as follows:

 
  
For the years ended December 31,
 
 
  
2020
 
 
2021
 
 
2022
 
Controlling interest:
                         
Unrealized (loss) gain on equity investments at fair value, net of deferred taxes
    Ps. (1,952,414 )    Ps. 4,560,869    
Ps.
(4,707,276
) 
Translation effect of foreign entities
      (13,558,774 )      (4,837,206 )   
 
(31,086,965
) 
Translation effect by discontinued operations
      —         (829,163 )   
 
5,193,281
 
Remeasurement of defined benefit plan, net of deferred taxes
      (10,026,454 )      11,100,835    
 
(4,599,407
) 
Asset’s revaluation surplus net of deferred taxes
      64,835,155       —      
 
—  
 
Non-controlling interest of the items above
      14,165,249       (2,135,886 )   
 
(3,734,066
) 
    
 
 
    
 
 
    
 
 
  
Other comprehensive income (loss)
    Ps. 53,462,762     Ps. 7,859,449    
Ps.
(38,934,433
) 
    
 
 
    
 
 
    
 
 
  

v3.23.1
Valuation of derivatives, interest cost from labor obligations and other financial items, net (Tables)
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Schedule of Valuation of Derivatives and Other Financial Items
For the years ended December 31, 2020, 2021 and 2022, valuation of derivatives and other financial items are as follows:
 
 
  
For the years ended December 31,
 
 
  
2020
 
 
2021
 
 
2022
 
Gain (loss) in valuation of derivatives, net (Note 7)
      Ps.12,378,193       Ps.(6,755,214)      
Ps.(28,639,687)
 
Capitalized interest expense (Note 10 b)
      1,771,613       1,527,259    
 
1,514,654
 
Commissions
      (1,106,980 )      (1,067,381 )   
 
(1,061,278
) 
Interest cost of labor obligations (Note 18)
      (13,105,693 )      (14,375,520 )   
 
(12,376,939
) 
Contractual earn out Verizon (Note 4)
      —         —      
 
4,271,250
 
Interest expense on taxes
      (59,032 )      (243,075 )   
 
(190,822
) 
Dividend received (Note 4)
      2,122,826       2,628,600    
 
6,155,993
 
Gain on net monetary positions
      3,262,512       4,876,842    
 
11,538,061
 
Other financial cost
(1)
      (3,845,186 )      (835,028 )   
 
(327,451
) 
    
 
 
    
 
 
    
 
 
  
Total
      Ps. 1,418,253       Ps.(14,243,517)      
Ps.(19,116,219)
 
    
 
 
    
 
 
    
 
 
  

(1)
Excludes 
discontinued operations of TracFone, Chile and Panama (See note 2ac)
v3.23.1
Segments (Tables)
 12 Months Ended
Dec. 31, 2022
Text block [abstract]  
Summary of Operating Segments
   
Mexico
    
Telmex
    
Brazil
    
(3)

Southern Cone
    
Colombia
    
Andean
    
(2)

Central
America
    
U.S.A. (1)
    
Caribbean
    
Europe
    
Eliminations
    
Consolidated
total
  
As of and for the year ended December 31, 2020 (in Ps.):
                                                                                                
External revenues
     214,578,600       77,920,910       163,865,421       34,426,863       77,282,658       53,846,358       44,823,244       —         37,182,842       111,472,191       —         815,399,087  
Intersegment revenues
     17,663,525       13,668,264       4,207,466       1,220,100       352,694       88,305       (129,419 )      —         1,440,983       —         (38,511,918 )      —    
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total revenues
     232,242,125       91,589,174       168,072,887       35,646,963       77,635,352       53,934,663       44,693,825       —         38,623,825       111,472,191       (38,511,918 )      815,399,087  
Depreciation and amortization
     24,748,756       13,341,479       41,795,397       7,199,898       14,413,760       11,447,356       11,784,026       —         7,094,331       25,593,204       (3,202,787 )      154,215,420  
Operating income
     70,851,525       11,204,433       25,203,504       3,238,167       15,111,947       8,698,645       5,844,137       —         6,701,086       13,159,865       (11,200,502 )      148,812,807  
Interest income
     21,322,406       1,479,021       2,904,430       979,181       822,447       1,049,261       1,130,767       —         1,105,420       90,746       (25,823,043 )      5,060,636  
Interest expense
     30,936,195       1,306,867       17,976,227       2,955,339       2,586,708       2,223,478       1,419,010       —         1,658,619       2,546,255       (25,443,493 )      38,165,205  
Income tax
     4,905,863       577,178       (4,442,598 )      676,444       2,078,789       3,115,693       1,504,240       —         2,524,214       2,234,065       4,283       13,178,171  
Equity interest in net result of associated companies
     (3,820 )      23,955       (2,972 )      (15,422 )      —         —         —         —         —         (288,747 )      —         (287,006 ) 
Net profit (loss) attributable to equity holders of the parent continues operations
     3,613,907       (1,085,038 )      4,963,424       4,909,164       16,579,303       4,649,047       3,922,577       —         3,294,111       7,777,426       (13,359,095 )      35,264,826  
Net profit (loss) attributable to equity holders of the parent discontinued operations
     —         —         —         —         —         —         —         —         —         —         —         11,587,779  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net profit (loss) attributable to equity holders of the parent
     3,613,907       (1,085,038 )      4,963,424       4,909,164       16,579,303       4,649,047       3,922,577       —         3,294,111       7,777,426       (13,359,095 )      46,852,605  
Assets by segment
     947,396,510       203,081,314       386,982,711       118,266,380       132,210,369       101,717,708       88,690,683       35,083,285       109,914,293       239,583,759       (737,878,785 )      1,625,048,227  
Plant, property and equipment, net
     52,117,395       110,751,083       145,307,497       62,157,797       48,876,853       36,102,261       37,855,227       1,761,595       39,128,447       82,595,077       ( 876,229 )      615,777,003  
Revalued of assets
     —         —         36,076,207       7,494,408       12,893,284       9,500,708       7,059,247       —         2,572,504       31,556,270       —         107,152,628  
Goodwill
     26,949,185       215,381       16,048,092       5,436,675       12,253,743       4,866,363       6,345,659       3,362,899       14,186,723       53,388,139       —         143,052,859  
Trademarks, net
     126,823       181,094       —         —         —         —         —         269,325       219,087       2,981,089       —         3,777,418  
Licenses and rights, net
     12,017,318       100,623       26,171,345       12,099,873       12,363,039       6,870,531       5,427,857       —         8,616,880       27,963,250       —         111,630,716  
Investment in associated companies
     51,645       613,449       64,125       (20,970 )      395       —         25,413       —         —         —         1,095,703       1,829,760  
Liabilities by segments
     725,408,198       193,840,756       263,989,566       61,786,265       63,610,642       53,379,366       34,252,511       33,141,315       60,839,340       138,747,621       (319,064,971 )      1,309,930,609  
 
(1)
Restated for discontinued operations (TracFone disposal)
(2)
Restated for discontinued operations (Panama disposal)
(3)
Restated for discontinued operations (Claro Chile, SpA joint venture)
 
   
Mexico
    
Telmex
    
Brazil
    
(2)
Southern Cone
    
Colombia
    
Andean
    
(1)
Central
America
    
Caribbean
    
Europe
    
Eliminations
    
Consolidated
total
  
As of and for the year ended December 31, 2021 (in Ps.):
                                                                                        
External revenues
     225,219,719       87,189,642       148,729,232       40,244,826       79,312,071       52,888,323       45,406,174       37,858,979       113,838,486       —         830,687,452  
Intersegment revenues
     18,041,465       15,237,420       4,044,386       ( 699,479 )      360,638       73,828       62,764       2,069,648       —         (39,190,670 )      —    
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total revenues
     243,261,184       102,427,062       152,773,618       39,545,347       79,672,709       52,962,151       45,468,938       39,928,627       113,838,486       (39,190,670 )      830,687,452  
Depreciation and amortization
     25,797,791       12,740,332       40,342,871       9,585,858       15,067,211       11,211,523       10,830,440       6,987,129       27,469,463       (3,729,626 )      156,302,992  
Operating income
     77,783,972       21,100,316       21,867,457       2,968,702       15,165,356       7,457,802       8,700,382       8,661,475       13,421,147       (9,570,359 )      167,556,250  
Interest income
     14,864,242       758,126       2,104,574       820,449       431,314       833,540       269,379       701,785       116,031       (17,065,290 )      3,834,150  
Interest expense
     24,586,641       1,385,103       15,875,138       2,790,000       2,240,707       1,213,421       1,061,526       1,066,733       2,414,415       (16,895,379 )      35,738,305  
Income tax
     25,002,390       2,496,010       (9,603,701 )      782,844       3,112,946       2,375,281       2,940,404       2,171,594       3,438,161       1,548       32,717,477  
Equity interest in net result of associated companies
     85,648       44,525       4,575       (19,073 )      —         —         —         —         (1,757 )      —         113,918  
Net profit (loss) attributable to equity holders of the parent continues operations
     34,195,093       4,594,450       14,185,905       ( 2,804,630 )      5,959,563       4,180,473       4,746,847       5,151,166       8,313,018       (10,334,660 )      68,187,225  
Net profit (loss) attributable to equity holders of the parent discontinued operations
     —         —         —         —         —         —         —         —         —         —         124,235,942  
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net profit (loss) attributable to equity holders of the parent
     34,195,093       4,594,450       14,185,905       ( 2,804,630 )      5,959,563       4,180,473       4,746,847       5,151,166       8,313,018       (10,334,660 )      192,423,167  
Assets by segment
     999,502,407       195,869,232       407,458,440       135,862,040       133,232,525       95,719,937       101,725,955       102,949,901       210,944,575       (693,615,163 )      1,689,649,849  
Plant, property and equipment, net
     50,420,866       118,056,718       153,607,199       64,864,986       48,888,907       34,395,339       42,407,727       41,601,009       79,764,422       (983,169 )      633,024,004  
Revalued of assets
     —         —         33,004,669       6,159,077       10,266,464       8,389,460       9,113,632       2,564,149       28,675,224       —         98,172,675  
Goodwill
     26,965,618       215,381       15,335,322       5,191,841       11,685,585       4,688,154       6,002,380       14,186,723       52,307,190       —         136,578,194  
Trademarks, net
     90,673       149,865       —         —         —         —         —         229,000       2,822,625       —         3,292,163  
Licenses and rights, net
     11,081,972       129,233       39,620,009       13,791,003       11,384,533       5,502,139       5,220,437       10,847,685       25,709,849       —         123,286,860  
Investment in associated companies
     4,725,279       522,403       65,699       (34,401 )      351       —         26,348       —         —         (2,253,198 )      3,052,481  
Liabilities by segments
     679,954,783       176,177,522       273,655,967       72,702,285       65,631,866       44,676,727       42,823,861       53,885,848       134,357,142       (308,257,878 )      1,235,608,123  
 
(1)
Restated for discontinued operations (Panama disposal)
(2)
Restated for discontinued operations (Claro Chile, SpA joint venture)
 
   
Mexico
    
Telmex
    
Brazil
    
(2)
Southern Cone
    
Colombia
    
Andean
    
(1)
Central
America
    
Caribbean
    
Europe
    
Eliminations
    
Consolidated
total
  
As of and for the year ended December 31, 2022 (in Ps.):
                                                                                        
External revenues
  
 
236,608,249
 
  
 
83,046,967
 
  
 
165,804,342
 
  
 
38,820,073
 
  
 
70,925,374
 
  
 
55,426,258
 
  
 
47,054,127
 
  
 
40,859,951
 
  
 
105,956,056
 
  
 
—  
 
  
 
844,501,397
 
Intersegment revenues
  
 
9,290,955
 
  
 
16,937,889
 
  
 
5,075,716
 
  
 
( 95,105
 )
 
  
 
374,225
 
  
 
72,142
 
  
 
160,459
 
  
 
1,854,029
 
  
 
—  
 
  
 
(33,670,310
) 
  
 
—  
 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total revenues
  
 
245,899,204
 
  
 
99,984,856
 
  
 
170,880,058
 
  
 
38,724,968
 
  
 
71,299,599
 
  
 
55,498,400
 
  
 
47,214,586
 
  
 
42,713,980
 
  
 
105,956,056
 
  
 
(33,670,310
) 
  
 
844,501,397
 
Depreciation and amortization
  
 
26,383,113
 
  
 
13,171,616
 
  
 
43,422,821
 
  
 
10,807,072
 
  
 
13,085,226
 
  
 
10,698,869
 
  
 
11,178,361
 
  
 
7,133,908
 
  
 
22,761,938
 
  
 
(9,138
) 
  
 
158,633,786
 
Operating income
  
 
76,708,954
 
  
 
16,172,472
 
  
 
26,665,816
 
  
 
1,796,672
 
  
 
14,170,936
 
  
 
8,262,395
 
  
 
7,540,132
 
  
 
10,284,834
 
  
 
16,155,520
 
  
 
(6,886,979
) 
  
 
170,870,752
 
Interest income
  
 
18,336,415
 
  
 
925,158
 
  
 
2,679,103
 
  
 
719,851
 
  
 
624,304
 
  
 
906,176
 
  
 
431,741
 
  
 
701,794
 
  
 
229,958
 
  
 
(20,730,921
) 
  
 
4,823,579
 
Interest expense
  
 
24,909,724
 
  
 
3,342,459
 
  
 
23,411,387
 
  
 
2,573,356
 
  
 
2,699,010
 
  
 
860,572
 
  
 
1,033,792
 
  
 
1,152,370
 
  
 
1,281,857
 
  
 
(20,005,724
) 
  
 
41,258,803
 
Income tax
  
 
30,642,242
 
  
 
2,767,673
 
  
 
454,205
 
  
 
(160,199
) 
  
 
2,286,809
 
  
 
2,870,743
 
  
 
1,708,728
 
  
 
2,432,392
 
  
 
3,151,281
 
  
 
(109,785
) 
  
 
46,044,089
 
Equity interest in net result of associated companies
  
 
(1,821,608
) 
  
 
31,000
 
  
 
20,864
 
  
 
(2,198
) 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
(39,490
) 
  
 
—  
 
  
 
(1,811,432
) 
Net profit (loss) attributable to equity holders of the parent continues operations
  
 
63,711,537
 
  
 
(373,036
) 
  
 
10,254,969
 
  
 
(1,157,911
) 
  
 
6,486,771
 
  
 
6,122,291
 
  
 
5,059,038
 
  
 
6,649,004
 
  
 
11,795,662
 
  
 
(25,669,919
) 
  
 
82,878,406
 
Net profit (loss) attributable to equity holders of the parent discontinued operations
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
(6,719,015
) 
   
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net profit (loss) attributable to equity holders of the parent
  
 
63,711,537
 
  
 
(373,036
) 
  
 
10,254,969
 
  
 
(1,157,911
) 
  
 
6,486,771
 
  
 
6,122,291
 
  
 
5,059,038
 
  
 
6,649,004
 
  
 
11,795,662
 
  
 
(25,669,919
) 
  
 
76,159,391
 
Assets by segment
  
 
1,042,849,460
 
  
 
215,543,807
 
  
 
407,802,373
 
  
 
87,971,767
 
  
 
104,769,670
 
  
 
85,782,831
 
  
 
96,321,649
 
  
 
101,143,182
 
  
 
154,774,150
 
  
 
(678,859,545
) 
  
 
1,618,099,344
 
Plant, property and equipment, net
  
 
49,677,868
 
  
 
134,928,482
 
  
 
159,382,793
 
  
 
42,674,620
 
  
 
44,999,710
 
  
 
33,480,299
 
  
 
41,312,113
 
  
 
40,606,623
 
  
 
72,272,633
 
  
 
(462,650
) 
  
 
618,872,491
 
Revalued of assets
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
7,700,459
 
  
 
5,938,449
 
  
 
—  
 
  
 
1,434,188
 
  
 
23,280,623
 
  
 
—  
 
  
 
38,353,719
 
Goodwill
  
 
26,481,707
 
  
 
215,381
 
  
 
31,085,202
 
  
 
199,984
 
  
 
8,495,090
 
  
 
4,678,851
 
  
 
6,312,511
 
  
 
14,186,723
 
  
 
49,465,916
 
  
 
—  
 
  
 
141,121,365
 
Trademarks, net
  
 
110,397
 
  
 
118,634
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
220,350
 
  
 
2,565,176
 
  
 
—  
 
  
 
3,014,557
 
Licenses and rights, net
  
 
10,559,914
 
  
 
106,659
 
  
 
37,638,695
 
  
 
12,965,021
 
  
 
8,068,013
 
  
 
4,271,910
 
  
 
3,599,560
 
  
 
10,124,134
 
  
 
20,461,281
 
  
 
—  
 
  
 
107,795,187
 
Investment in associated companies
  
 
24,656,295
 
  
 
550,493
 
  
 
22,708
 
  
 
(19,866
) 
  
 
—  
 
  
 
—  
 
  
 
23,896
 
  
 
—  
 
  
 
2,058
 
  
 
(1,260,122
) 
  
 
23,975,462
 
Liabilities by segments
  
 
621,482,350
 
  
 
204,294,033
 
  
 
297,234,805
 
  
 
54,393,204
 
  
 
57,393,854
 
  
 
36,223,727
 
  
 
42,725,447
 
  
 
48,434,551
 
  
 
97,527,392
 
  
 
(279,439,292
) 
  
 
1,180,270,071
 
 
(1)
Discontinued operations (Panama disposal)
(2)
Discontinued operations (Claro Chile, SpA joint venture)
v3.23.1
Description of the Business and Relevant Events - Additional Information (Detail) - Country
 12 Months Ended
Oct. 06, 2022
Dec. 31, 2022
Jun. 30, 2022
Apr. 20, 2022
Percentage of shareholding approval of spin off        
Corporate information description   América Móvil, S.A.B. de C.V. and subsidiaries (hereinafter, the “Company”, “América Móvil” or “AMX”) was incorporated under laws of Mexico on September 25, 2000. Until June 30, 2022, the Company provided telecommunications services in 24 countries throughout Latin America, the Caribbean and Europe. As of July 1, 2022, the Company disposed of its business in Panama as disclosed in Note 2 Ac to the consolidated financial statements. As a consequence of the foregoing, the Company provides its services in 22 countries, including through a joint venture in Chile which is described in Note 12b. These telecommunications services include mobile and fixed-line voice services, wireless and fixed data services, internet access, Pay TV, over the top (OTT) and other related services. The Company also sells equipment, accessories and computers.    
Number of countries in which company operates     24  
Number of countries in which company holds license   22    
Percentage of voting equity interests acquired   80.00%    
Agreement to Commence Joint Venture [Member] | VTR and Claro Chile [Member] | Liberty Latin America [Member]        
Percentage of shareholding approval of spin off        
Proportion of ownership interest in joint venture 50.00%      
Agreement to Commence Joint Venture [Member] | VTR and Claro Chile [Member] | Amrica Movil [Member]        
Percentage of shareholding approval of spin off        
Proportion of ownership interest in joint venture 50.00%      
Claro [Member]        
Percentage of shareholding approval of spin off        
Percentage of voting equity interests acquired       32.00%
Jonava RJ Infraestrutura e Redes de Telecomunicaes, S.A [Member]        
Percentage of shareholding approval of spin off        
Percentage of voting equity interests acquired       100.00%
v3.23.1
Basis of Preparation of the Consolidated Financial Statements and Summary of Significant Accounting Policies and Practices - Additional Information (Detail)
$ in Millions
 12 Months Ended
Apr. 28, 2023
MXN ($)
Oct. 06, 2022
Nov. 23, 2021
MXN ($)
Nov. 23, 2021
USD ($)
Sep. 15, 2021
MXN ($)
Sep. 15, 2021
USD ($)
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
MXN ($)
Dec. 31, 2020
MXN ($)
Dec. 31, 2018
Dec. 31, 2022
USD ($)
Sep. 14, 2020
Disclosure of basis of preparation of consolidated financial statements and summary of significant accounting policies and practices [line items]                          
Cumulative index             138.639 138.639          
Percentage of annual basis index             95.50% 95.50%          
Cumulative translation (loss) gain             $ (227,044,342,000)   $ (154,388,930,000)     $ (11,694.0)  
Impairment losses on goodwill             0   0 $ 0      
Borrowing costs capitalised             1,514,654,000   1,527,259,000 1,771,613,000      
Impairment losses             $ 0   0 0      
Intangibles useful life             amortized over a 5-year period. amortized over a 5-year period.          
Impairment losses on intangibles             $ 0   0 0      
Description of estimation of impairment cash-generating unit             In the estimation of impairments, the Company uses the strategic plans established for the separate cash-generating units to which the assets are assigned. Such strategic plans generally cover a period from 3 to 5 years. For longer periods, beginning in the fifth year, projections are based on such strategic plans while applying a constant or declining expected perpetual growth rate. In the estimation of impairments, the Company uses the strategic plans established for the separate cash-generating units to which the assets are assigned. Such strategic plans generally cover a period from 3 to 5 years. For longer periods, beginning in the fifth year, projections are based on such strategic plans while applying a constant or declining expected perpetual growth rate.          
Percentage of sensitivity analysis for increase in capital expenditures             5.00% 5.00%          
Adjustments of sensitivity analysis long-life assets             $ 824,210,000            
Monthly contributions to pension fund             17.50% 17.50%          
Percentage of employee profit sharing based on individual company taxable income             10.00% 10.00%          
Advertising expenses             $ 12,676,350,000   11,118,723,000 10,405,228,000      
Increase (decrease) in interest expense             $ 510,589,480,000   564,030,102,000        
Concentration risk percentage             10.00%         10.00%  
Proceeds from sale of Subsidiary             $ 5,791,488,000 $ 298.0 $ 75,518,886,000 $ 0      
Description of employee profit sharing ratio             a limit on the amount to be paid for profit sharing to employees, which indicates that the amount of EPS assigned to each employee may not exceed the equivalent of three months of the employee’s current salary, or the average EPS received by the employee in the previous three years, whichever is greater. If the EPS determined is less than or equal to this limit, the EPS will be determined by applying 10% of the individual company taxable income. If the EPS determined exceeds this limit, the limit would apply and this should be considered the EPS for the period. a limit on the amount to be paid for profit sharing to employees, which indicates that the amount of EPS assigned to each employee may not exceed the equivalent of three months of the employee’s current salary, or the average EPS received by the employee in the previous three years, whichever is greater. If the EPS determined is less than or equal to this limit, the EPS will be determined by applying 10% of the individual company taxable income. If the EPS determined exceeds this limit, the limit would apply and this should be considered the EPS for the period.          
Accumelated Foreign Currency Translation Effect         $ 1,750,451,000                
Changes In Exchange Rate [Member]                          
Disclosure of basis of preparation of consolidated financial statements and summary of significant accounting policies and practices [line items]                          
Foreign exchange rate 18,072.3000                        
Percentage of appreciation in exchange rate value 6.91%                        
Foreign subsidiaries [member]                          
Disclosure of basis of preparation of consolidated financial statements and summary of significant accounting policies and practices [line items]                          
Consolidated operating revenues             63.00% 63.00% 63.00% 65.00%      
Percentage of operating revenue as percentage of total assets             64.00% 64.00% 70.00%        
Tracfone Wireless Inc Tracfone [member] | Verizon Communications Inc [Member]                          
Disclosure of basis of preparation of consolidated financial statements and summary of significant accounting policies and practices [line items]                          
Percentage of ownership interest in subsidiary agreed to sell                         100.00%
Tracfone Wireless Inc Tracfone [member] | Verizon Communications Inc [Member] | Discontinued operations [member]                          
Disclosure of basis of preparation of consolidated financial statements and summary of significant accounting policies and practices [line items]                          
Percentage of ownership interest in subsidiary sold       100.00%                  
Proceeds from sale of Subsidiary     $ 3,625,700                    
Cash and cash equivalents in subsidiary or businesses acquired or disposed       $ 500.7                  
Value of Shares received on sale of subsidiary from Counterparty       2,968.0                  
Earntout contingent consideration receivable tranche one       500.0                  
Earntout contingent consideration receivable tranche two       $ 150.0                  
Gains (losses) recognised when control of subsidiary is lost     $ 106,527,287,000                    
Claro Panama [Member] | Liberty Latin America [Member]                          
Disclosure of basis of preparation of consolidated financial statements and summary of significant accounting policies and practices [line items]                          
Percentage of ownership interest in subsidiary agreed to sell           100.00%              
Consideration transferred, acquisition-date fair value           $ 200.0              
Claro Panama [Member] | Liberty Latin America [Member] | Discontinued operations [member]                          
Disclosure of basis of preparation of consolidated financial statements and summary of significant accounting policies and practices [line items]                          
Percentage of ownership interest in subsidiary sold           100.00%              
Proceeds from sale of Subsidiary           $ 116.7              
Gains (losses) recognised when control of subsidiary is lost         $ 3,405,014,000                
Interest rate risk [member]                          
Disclosure of basis of preparation of consolidated financial statements and summary of significant accounting policies and practices [line items]                          
Increase in basis points             100.00% 100.00%          
Increase in net interest expense             $ (11,128,215,000)            
Increase (decrease) in interest expense             $ 1,828,215,000            
Currency risk [member]                          
Disclosure of basis of preparation of consolidated financial statements and summary of significant accounting policies and practices [line items]                          
Fluctuation in exchange rates             5.00%         5.00%  
Increase (decrease) in interest expense             $ 510,589,480,000            
Increase (decrease) through changes in foreign exchange rates, regulatory deferral account credit balances             536,118,954,000            
Increase (decrease) through changes in discount rates, regulatory deferral account credit balances             $ (485,060,006,000)            
Increase/(decrease) in exchange rates             5.00% 5.00%          
Argentina [member]                          
Disclosure of basis of preparation of consolidated financial statements and summary of significant accounting policies and practices [line items]                          
Closing exchange rate             0.1096   0.2004     0.1096  
Argentina [member] | Impact of application of hyperinflation adjustments in 2018 [member]                          
Disclosure of basis of preparation of consolidated financial statements and summary of significant accounting policies and practices [line items]                          
Cumulative inflation percentage                     100.00%    
U.S.A. [member]                          
Disclosure of basis of preparation of consolidated financial statements and summary of significant accounting policies and practices [line items]                          
Closing exchange rate             19.4143   20.5835     19.4143  
Cumulative translation adjustment [member]                          
Disclosure of basis of preparation of consolidated financial statements and summary of significant accounting policies and practices [line items]                          
Closing exchange rate             0.1096   0.2004        
Cumulative translation (loss) gain             $ (128,299,347,000)   $ (104,270,295,000)        
VTR and Claro Chile [Member] | Agreement to Commence Joint Venture [Member] | Liberty Latin America [Member]                          
Disclosure of basis of preparation of consolidated financial statements and summary of significant accounting policies and practices [line items]                          
Proportion of ownership interest in joint venture   50.00%                      
VTR and Claro Chile [Member] | Agreement to Commence Joint Venture [Member] | Amrica Movil [Member]                          
Disclosure of basis of preparation of consolidated financial statements and summary of significant accounting policies and practices [line items]                          
Proportion of ownership interest in joint venture   50.00%                      
Licenses and rights of use [member]                          
Disclosure of basis of preparation of consolidated financial statements and summary of significant accounting policies and practices [line items]                          
Intangibles useful life             Licenses are amortized when the Company does not have a basis to conclude that they are indefinite lived. Licenses are amortized using the straight-line method over a period ranging from 3 to 30 years, which represents the usage period of the assets. Licenses are amortized when the Company does not have a basis to conclude that they are indefinite lived. Licenses are amortized using the straight-line method over a period ranging from 3 to 30 years, which represents the usage period of the assets.          
Licenses and rights of use [member] | Bottom of range [member]                          
Disclosure of basis of preparation of consolidated financial statements and summary of significant accounting policies and practices [line items]                          
Estimated useful lives             3 years 3 years          
Licenses and rights of use [member] | Top of range [member]                          
Disclosure of basis of preparation of consolidated financial statements and summary of significant accounting policies and practices [line items]                          
Estimated useful lives             30 years 30 years          
Trademarks [member] | Bottom of range [member]                          
Disclosure of basis of preparation of consolidated financial statements and summary of significant accounting policies and practices [line items]                          
Estimated useful lives             1 year 1 year          
Trademarks [member] | Top of range [member]                          
Disclosure of basis of preparation of consolidated financial statements and summary of significant accounting policies and practices [line items]                          
Estimated useful lives             10 years 10 years          
Customer relationships [member]                          
Disclosure of basis of preparation of consolidated financial statements and summary of significant accounting policies and practices [line items]                          
Estimated useful lives             5 years 5 years          
v3.23.1
Basis of Preparation of the Consolidated Financial Statements and Summary of Significant Accounting Policies and Practices - Summary of Equity Interest in Most Significant Subsidiaries (Detail)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Netherlands [member] | America Movil B. V. [member]    
Disclosure of subsidiaries [line items]    
Percentage of equity interest 100.00% 100.00%
Mexico [member] | Sercotel, S.A. de C.V. [member]    
Disclosure of subsidiaries [line items]    
Percentage of equity interest 100.00% 100.00%
Mexico [member] | Radiomovil Dipsa, S.A. de C.V. and subsidiaries (Telcel) [member]    
Disclosure of subsidiaries [line items]    
Percentage of equity interest 100.00% 100.00%
Mexico [member] | Telefonos de Mexico S.A.B. de C.V [member]    
Disclosure of subsidiaries [line items]    
Percentage of equity interest 98.80% 98.80%
Dominican Republic [member] | Compania Dominicana De Telefonos S.A. (Codetel) [member]    
Disclosure of subsidiaries [line items]    
Percentage of equity interest 100.00% 100.00%
Puerto Rico [member] | Puerto Rico Telephone Company Inc [member]    
Disclosure of subsidiaries [line items]    
Percentage of equity interest 100.00% 100.00%
Honduras [member] | Servicios de Comunicaciones de Honduras, S.A. de C.V.(Sercom Honduras) [member]    
Disclosure of subsidiaries [line items]    
Percentage of equity interest 100.00% 100.00%
Brazil [member] | Claro S.A. (Claro Brasil) [member]    
Disclosure of subsidiaries [line items]    
Percentage of equity interest 98.20% 98.20%
Brazil [member] | Claro NXT Telecomunicaes SA [Member]    
Disclosure of subsidiaries [line items]    
Percentage of equity interest 100.00% 100.00%
Guatemala [member] | Telecomunicaciones de Guatemala, S.A. (Telgua) [member]    
Disclosure of subsidiaries [line items]    
Percentage of equity interest 99.30% 99.30%
Guatemala [member] | Claro Guatemala S.A [member]    
Disclosure of subsidiaries [line items]    
Percentage of equity interest 100.00% 100.00%
Nicaragua [member] | Empresa Nicaraguense de Telecomunicaciones, S.A. (Enitel) [member]    
Disclosure of subsidiaries [line items]    
Percentage of equity interest 99.60% 99.60%
El Salvador [member] | Compania de Telecomunicaciones de El Salvador, S.A. de C.V. (CTE) [member]    
Disclosure of subsidiaries [line items]    
Percentage of equity interest 95.80% 95.80%
Colombia [member] | Comunicacion Celular S. A. (Comcel) [member]    
Disclosure of subsidiaries [line items]    
Percentage of equity interest 99.40% 99.40%
Ecuador [member] | Consorcio Ecuatoriano de Telecomunicaciones, S.A. (Conecel) [member]    
Disclosure of subsidiaries [line items]    
Percentage of equity interest 100.00% 100.00%
Argentina [member] | AMX Argentina, S.A. [member]    
Disclosure of subsidiaries [line items]    
Percentage of equity interest 100.00% 100.00%
Paraguay [member] | AMX Paraguay, S.A. [member]    
Disclosure of subsidiaries [line items]    
Percentage of equity interest 100.00% 100.00%
Uruguay [member] | AM Wireless Uruguay, S.A.[member]    
Disclosure of subsidiaries [line items]    
Percentage of equity interest 100.00% 100.00%
Chile [member] | Claro Chile S A [member]    
Disclosure of subsidiaries [line items]    
Percentage of equity interest 0.00% 100.00%
Proportion of ownership interest in joint venture 50.00% 0.00%
Peru [member] | America Movil Peru S.A. C. [member]    
Disclosure of subsidiaries [line items]    
Percentage of equity interest 100.00% 100.00%
Austria [member] | Telekom Austria AG [member]    
Disclosure of subsidiaries [line items]    
Percentage of equity interest 51.00% 51.00%
Luxembourg [member] | NII Brazil Holding SARL [member]    
Disclosure of subsidiaries [line items]    
Percentage of equity interest 100.00% 100.00%
PANAMA | Claro Panama, S.A. [member]    
Disclosure of subsidiaries [line items]    
Percentage of equity interest 0.00% 100.00%
v3.23.1
Basis of Preparation of the Consolidated Financial Statements and Summary of Significant Accounting Policies and Practices - Summary of Annual Depreciation Rates (Detail)
 12 Months Ended
Dec. 31, 2022
Bottom of range [member] | Network infrastructure [member]  
Disclosure of detailed information about property, plant and equipment [line items]  
Annual depreciation rates 5.00%
Bottom of range [member] | Buildings and leasehold improvements [member]  
Disclosure of detailed information about property, plant and equipment [line items]  
Annual depreciation rates 2.00%
Bottom of range [member] | Other assets [member]  
Disclosure of detailed information about property, plant and equipment [line items]  
Annual depreciation rates 10.00%
Top of range [member] | Network infrastructure [member]  
Disclosure of detailed information about property, plant and equipment [line items]  
Annual depreciation rates 33.00%
Top of range [member] | Buildings and leasehold improvements [member]  
Disclosure of detailed information about property, plant and equipment [line items]  
Annual depreciation rates 33.00%
Top of range [member] | Other assets [member]  
Disclosure of detailed information about property, plant and equipment [line items]  
Annual depreciation rates 50.00%
v3.23.1
Basis of Preparation of the Consolidated Financial Statements and Summary of Significant Accounting Policies and Practices - Schedule of Estimate Impairment Evaluations (Detail)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Brazil [member]    
Disclosure of impairment of assets [line items]    
Average margin on EBIDTA 41.90% 41.37%
Average margin on CAPEX 19.62% 22.98%
Average pre-tax discount rate (WACC) 9.30% 4.62%
Puerto Rico [member]    
Disclosure of impairment of assets [line items]    
Average margin on EBIDTA 26.98% 21.54%
Average margin on CAPEX 8.91% 14.36%
Average pre-tax discount rate (WACC) 6.14% 3.00%
Dominican Republic [member]    
Disclosure of impairment of assets [line items]    
Average margin on EBIDTA 53.93% 52.02%
Average margin on CAPEX 13.82% 13.86%
Average pre-tax discount rate (WACC) 11.13% 5.84%
Mexico [member]    
Disclosure of impairment of assets [line items]    
Average margin on EBIDTA 36.19% 36.21%
Average margin on CAPEX 18.61% 15.89%
Average pre-tax discount rate (WACC) 8.60% 6.24%
Ecuador [member]    
Disclosure of impairment of assets [line items]    
Average margin on EBIDTA 47.14% 44.76%
Average margin on CAPEX 18.42% 12.48%
Average pre-tax discount rate (WACC) 20.13% 14.48%
Peru [member]    
Disclosure of impairment of assets [line items]    
Average margin on EBIDTA 36.53% 36.63%
Average margin on CAPEX 21.05% 17.19%
Average pre-tax discount rate (WACC) 10.39% 3.99%
El Salvador [member]    
Disclosure of impairment of assets [line items]    
Average margin on EBIDTA 45.18% 44.82%
Average margin on CAPEX 17.59% 24.25%
Average pre-tax discount rate (WACC) 22.37% 10.78%
Colombia [member]    
Disclosure of impairment of assets [line items]    
Average margin on EBIDTA 42.25% 43.36%
Average margin on CAPEX 27.41% 23.18%
Average pre-tax discount rate (WACC) 13.70% 7.18%
Bottom of range [member] | Europe [member]    
Disclosure of impairment of assets [line items]    
Average margin on EBIDTA 32.70% 31.60%
Average margin on CAPEX 7.70% 7.48%
Average pre-tax discount rate (WACC) 5.47% 2.91%
Bottom of range [member] | Other countries [member]    
Disclosure of impairment of assets [line items]    
Average margin on EBIDTA 32.92% 30.55%
Average margin on CAPEX 9.63% 4.91%
Average pre-tax discount rate (WACC) 9.16% 4.64%
Top of range [member] | Europe [member]    
Disclosure of impairment of assets [line items]    
Average margin on EBIDTA 47.31% 45.32%
Average margin on CAPEX 21.10% 24.37%
Average pre-tax discount rate (WACC) 24.11% 9.83%
Top of range [member] | Other countries [member]    
Disclosure of impairment of assets [line items]    
Average margin on EBIDTA 49.54% 48.52%
Average margin on CAPEX 25.97% 30.03%
Average pre-tax discount rate (WACC) 29.94% 14.39%
v3.23.1
Basis of Preparation of the Consolidated Financial Statements and Summary of Significant Accounting Policies and Practices - Summary of Exchange Rates Used for Translation of Foreign Currencies (Detail)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Argentina [member]      
Disclosure of transactions in foreign currency [line items]      
Average exchange rate 0.1586 0.2137 0.307
Closing exchange rate 0.1096 0.2004  
Brazil [member]      
Disclosure of transactions in foreign currency [line items]      
Average exchange rate 3.9045 3.7625 4.185
Closing exchange rate 3.7209 3.6885  
Colombia [member]      
Disclosure of transactions in foreign currency [line items]      
Average exchange rate 0.0048 0.0054 0.0058
Closing exchange rate 0.004 0.0052  
Guatemala [member]      
Disclosure of transactions in foreign currency [line items]      
Average exchange rate 2.5981 2.6212 2.7826
Closing exchange rate 2.4725 2.6666  
U.S.A. [member]      
Disclosure of transactions in foreign currency [line items]      
Average exchange rate 20.1283 20.2769 21.486
Closing exchange rate 19.4143 20.5835  
Uruguay [member]      
Disclosure of transactions in foreign currency [line items]      
Average exchange rate 0.4893 0.4655 0.511
Closing exchange rate 0.4845 0.4605  
Nicaragua [member]      
Disclosure of transactions in foreign currency [line items]      
Average exchange rate 0.5611 0.5765 0.6257
Closing exchange rate 0.5359 0.5795  
Honduras [member]      
Disclosure of transactions in foreign currency [line items]      
Average exchange rate 0.8171 0.8384 0.8678
Closing exchange rate 0.7853 0.8396  
Chile [member]      
Disclosure of transactions in foreign currency [line items]      
Average exchange rate 0.0232 0.0268 0.0271
Closing exchange rate 0.0226 0.0244  
Paraguay [member]      
Disclosure of transactions in foreign currency [line items]      
Average exchange rate 0.0029 0.003 0.0032
Closing exchange rate 0.0026 0.003  
Peru [member]      
Disclosure of transactions in foreign currency [line items]      
Average exchange rate 5.2454 5.2297 6.1483
Closing exchange rate 5.0823 5.1484  
Dominican Republic [member]      
Disclosure of transactions in foreign currency [line items]      
Average exchange rate 0.3647 0.354 0.3766
Closing exchange rate 0.3436 0.357  
Costa Rica [member]      
Disclosure of transactions in foreign currency [line items]      
Average exchange rate 0.031 0.0325 0.0366
Closing exchange rate 0.0323 0.0319  
European Union [member]      
Disclosure of transactions in foreign currency [line items]      
Average exchange rate 21.2285 23.9835 24.508
Closing exchange rate 20.783 23.422  
Bulgaria [member]      
Disclosure of transactions in foreign currency [line items]      
Average exchange rate 10.8523 12.2617 12.5284
Closing exchange rate 10.6188 11.9762  
Belarus [member]      
Disclosure of transactions in foreign currency [line items]      
Average exchange rate 7.3993 7.9932 8.8172
Closing exchange rate 7.0644 8.0279  
Croatia [member]      
Disclosure of transactions in foreign currency [line items]      
Average exchange rate 2.8173 3.1852 3.2498
Closing exchange rate 2.7584 3.1161  
Macedonia [member]      
Disclosure of transactions in foreign currency [line items]      
Average exchange rate 0.3445 0.3893 0.3975
Closing exchange rate 0.3378 0.38  
Serbia [member]      
Disclosure of transactions in foreign currency [line items]      
Average exchange rate 0.1807 0.204 0.2083
Closing exchange rate 0.1772 0.1992  
v3.23.1
Basis of Preparation of the Consolidated Financial Statements and Summary of Significant Accounting Policies and Practices - Summary of Right-of-use assets are depreciated on a straight-line basis (Detail)
 12 Months Ended
Dec. 31, 2022
Towers and sites [member] | Bottom of range [member]  
Disclosure of quantitative information about right-of-use assets [line items]  
Useful life measured as period of time property, plant and equipment 5 years
Towers and sites [member] | Top of range [member]  
Disclosure of quantitative information about right-of-use assets [line items]  
Useful life measured as period of time property, plant and equipment 12 years
Property [member] | Bottom of range [member]  
Disclosure of quantitative information about right-of-use assets [line items]  
Useful life measured as period of time property, plant and equipment 10 years
Property [member] | Top of range [member]  
Disclosure of quantitative information about right-of-use assets [line items]  
Useful life measured as period of time property, plant and equipment 25 years
Other equipment [member] | Bottom of range [member]  
Disclosure of quantitative information about right-of-use assets [line items]  
Useful life measured as period of time property, plant and equipment 5 years
Other equipment [member] | Top of range [member]  
Disclosure of quantitative information about right-of-use assets [line items]  
Useful life measured as period of time property, plant and equipment 15 years
v3.23.1
Basis of Preparation of the Consolidated Financial Statements and Summary of Significant Accounting Policies and Practices - Summary of Net profit for the year from discontinued operations (Detail)
$ in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
MXN ($)
Dec. 31, 2020
MXN ($)
Operating revenues:        
Service revenues $ 712,985,548 $ 36,725 $ 694,300,431 [1] $ 688,029,934 [1]
Sales of equipment 131,515,849 6,774 136,387,021 [1] 127,369,153 [1]
Operating revenues 844,501,397 43,499 830,687,452 [1] 815,399,087 [1]
Total costs and expenses 330,532,450 17,025 328,510,002 [1] 323,468,972 [1]
Operating income 170,870,752 8,802 167,556,250 [1] 148,812,807 [1]
Profit before income tax 134,269,499 6,916 104,807,649 [1] 52,617,349 [1]
Tax expense:        
Net profit for the year from discontinued operations (6,719,015) $ (346) 124,235,942 [1] 11,587,779 [1]
Discontinued operations [member] | Tracfone Wireless Inc Tracfone [member]        
Operating revenues:        
Service revenues     130,091,540 149,376,532
Sales of equipment     22,160,481 27,802,837
Operating revenues     152,252,021 177,179,369
Total costs and expenses     134,495,316 157,327,836
Operating income     17,756,705 19,851,533
Financial cost     (1,733) (2,026)
Gain on disposal of discontinued operations     132,821,709 0
Profit before income tax     150,576,681 19,849,507
Tax expense:        
Related to pre-tax profit from the ordinary activities for the period     2,571,541 2,856,882
Related to gain on disposal from discontinued operations     26,294,422 0
Net profit for the year from discontinued operations     121,710,718 16,992,625
Discontinued operations [member] | Claro Panama [Member]        
Operating revenues:        
Service revenues 1,210,109   2,667,497 2,932,390
Sales of equipment 206,595   394,534 317,802
Operating revenues 1,416,704   3,062,031 3,250,192
Total costs and expenses 1,403,311   3,378,614 5,198,532
Operating income 13,393   (316,583) (1,948,340)
Financial cost (39,538)   (89,974) (117,300)
Gain on disposal of discontinued operations 3,405,014   0 0
Profit before income tax 3,378,869   (406,557) (2,065,640)
Tax expense:        
Related to pre-tax profit from the ordinary activities for the period 0   5,297 14,713
Net profit for the year from discontinued operations $ 3,378,869   $ (411,854) $ (2,080,353)
[1] Restated for discontinued operations
v3.23.1
Basis of Preparation of the Consolidated Financial Statements and Summary of Significant Accounting Policies and Practices - Summary of assets and liabilities deconsolidated on the date of the disposal (Detail)
$ in Thousands, $ in Millions
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
USD ($)
Jul. 01, 2022
MXN ($)
Dec. 31, 2021
MXN ($)
Dec. 31, 2021
USD ($)
Nov. 23, 2021
MXN ($)
Dec. 31, 2020
MXN ($)
Dec. 31, 2019
MXN ($)
Current assets                
Cash $ 33,700,949 $ 1,736   $ 38,679,891 $ 1,992   $ 35,917,907 $ 19,745,656
Subscribers, distributors, recoverable taxes, contract assets and other, net 199,424,202 10,272   202,846,597        
Inventories, net 23,995,133 1,236   24,185,310        
Other current assets, net 10,565,422 544   9,452,252        
Total current assets 361,003,710 18,595   404,156,669        
Non-current assets:                
Property, plant and equipment 657,226,210 33,853   731,196,679     722,929,631 $ 639,343,370
Intangibles, net 128,893,422 6,639   143,225,764        
Goodwill 141,121,365 7,269   136,578,194     143,052,859  
Deferred income taxes 128,717,811 6,630   127,287,934     115,370,240  
Other assets, net 39,581,622 2,039   39,956,090        
Rights of use 121,874,096 6,278   90,372,393     101,976,844  
Total assets 1,618,099,344 83,347   1,689,649,849     1,625,048,227  
Non-current lease liabilities 101,246,574 5,215   71,021,868        
Current payables to related parties 7,224,218 372   4,216,882        
Short term liability related to rigth of use of assets 32,902,237 1,695   27,632,357        
Accounts payable 174,472,769 8,987   206,487,681        
Income tax 29,174,066 1,503   33,247,318        
Total liabilities $ 1,180,270,071 $ 60,794   $ 1,235,608,123     $ 1,309,930,609  
Discontinued operations [member] | Tracfone Wireless Inc Tracfone [member]                
Current assets                
Cash           $ 338,439    
Subscribers, distributors, recoverable taxes, contract assets and other, net           12,368,407    
Inventories, net           9,604,658    
Other current assets, net           389,052    
Total current assets           22,700,556    
Non-current assets:                
Property, plant and equipment           1,989,498    
Intangibles, net           555,012    
Goodwill           2,695,557    
Deferred income taxes           1,094,756    
Other assets, net           327,546    
Rights of use           1,625    
Total assets           29,364,550    
Short term liability related to rigth of use of assets           1,625    
Accounts payable           17,446,513    
Income tax           3,267,585    
Deferred revenue           13,187,667    
Total liabilities           33,903,390    
Net assets directly associated with disposal group           $ (4,538,840)    
Discontinued operations [member] | Claro Panama [Member]                
Current assets                
Cash     $ 24,202          
Subscribers, distributors, recoverable taxes, contract assets and other, net     666,114          
Inventories, net     169,851          
Other current assets, net     4,457          
Total current assets     864,624          
Non-current assets:                
Property, plant and equipment     1,102,062          
Intangibles, net     1,810,964          
Deferred income taxes     126,904          
Other assets, net     12,291          
Rights of use     975,019          
Total assets     4,807,328          
Trade and other noncurrent receivables     42,368          
Non-current lease liabilities     855,969          
DeferredIncomeClassifiedNonCurrent     129,062          
Current payables to related parties     1,159          
Short term liability related to rigth of use of assets     198,289          
Accounts payable     576,522          
Income tax     24,981          
Total liabilities     1,912,886          
Net assets directly associated with disposal group     $ 2,894,442          
v3.23.1
Basis of Preparation of the Consolidated Financial Statements and Summary of Significant Accounting Policies and Practices - Summary of Analysis Of Single Amount Of Discontinued Operations Table (Detail)
$ in Thousands, $ in Millions
 9 Months Ended 12 Months Ended
Oct. 06, 2022
MXN ($)
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
MXN ($)
Dec. 31, 2020
MXN ($)
Revenue [abstract]          
Revenues services   $ 712,985,548 $ 36,725 $ 694,300,431 [1] $ 688,029,934 [1]
Sales of equipment   131,515,849 6,774 136,387,021 [1] 127,369,153 [1]
Operating revenues   844,501,397 43,499 830,687,452 [1] 815,399,087 [1]
Total costs and expenses   330,532,450 17,025 328,510,002 [1] 323,468,972 [1]
Operating income   170,870,752 8,802 167,556,250 [1] 148,812,807 [1]
Profit before income tax   134,269,499 6,916 104,807,649 [1] 52,617,349 [1]
Tax expense:          
Income taxes   46,044,089 2,372 32,717,477 [1] 13,178,171 [1]
Net profit for the year from discontinued operations   $ (6,719,015) $ (346) 124,235,942 [1] 11,587,779 [1]
Joint ventures [member] | Discontinued operations [member]          
Revenue [abstract]          
Revenues services $ 10,500,087     17,276,464 17,521,377
Sales of equipment 2,626,823     4,508,925 3,536,505
Operating revenues 13,126,910     21,785,389 21,057,882
Total costs and expenses 14,954,526     22,892,415 22,418,969
Operating income (1,827,616)     (1,107,026) (1,361,087)
Financial cost (685,129)     (533,899) (1,647,069)
Profit before income tax (2,512,745)     (1,640,925) (3,008,156)
Tax expense:          
Income taxes (1,805,500)     (4,578,004) 316,386
Net profit for the year from discontinued operations $ (707,245)     $ 2,937,079 $ (3,324,542)
[1] Restated for discontinued operations
v3.23.1
Equity and debt investments at fair value through OCI and other short/long-term investments - Additional Information (Detail) - MXN ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Disclosure of equity investments at fair value through other comprehensive income and other short-term investments [line items]      
Dividends received $ 6,155,993 $ 2,628,600 $ 2,122,826
Fair value of long term debt instruments designated as measured at fair value through other comprehensive income 6,981,149 6,894,757  
Revenue recognized for financial assets measured at fair value through other comprehensive income 4,271,250    
Investments accounted for using equity method Koninklijke KPN [member]      
Disclosure of equity investments at fair value through other comprehensive income and other short-term investments [line items]      
Other short-term investments   15,026  
Changes in fair value of investment (4,707,276) 4,560,869  
Dividends received 2,459,637 2,628,600 $ 2,119,668
Investments accounted for using equity method in Verizon [Member]      
Disclosure of equity investments at fair value through other comprehensive income and other short-term investments [line items]      
Dividends received 3,696,356    
Equity investment 44,056,945 61,600,578  
Equity and other short term investments [member] | Investments accounted for using equity method Koninklijke KPN [member]      
Disclosure of equity investments at fair value through other comprehensive income and other short-term investments [line items]      
Equity investments at fair value through other comprehensive income (OCI) $ 44,371,166 $ 56,087,598  
v3.23.1
Accounts Receivable from Subscribers, Distributors, Recoverable Taxes Contractual Assets and Other, Net - Summary of Analysis of Accounts Receivable by Component (Detail)
$ in Thousands, $ in Millions
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
MXN ($)
Disclosure of accounts receivable [line items]      
Contract assets $ 28,573,717   $ 30,901,277
Allowance of expected credit losses (42,079,056)   (41,835,826)
Trade and other receivables 208,148,699   209,775,485
Non-current subscribers, distributors and contractual assets 8,724,497 $ 449 6,928,888
Total current subscribers, distributors and contractual assets 199,424,202 $ 10,272 202,846,597
Cost [member] | Receivable from subscribers and distributors [member]      
Disclosure of accounts receivable [line items]      
Trade and other receivables 154,659,093   157,433,609
Cost [member] | Telecommunications carriers for network interconnection and other services [member]      
Disclosure of accounts receivable [line items]      
Trade and other receivables 3,519,170   3,968,675
Cost [member] | Recoverable taxes [member]      
Disclosure of accounts receivable [line items]      
Trade and other receivables 46,947,187   43,734,164
Cost [member] | Sundry debtors [member]      
Disclosure of accounts receivable [line items]      
Trade and other receivables $ 16,528,588   $ 15,573,586
v3.23.1
Accounts Receivable from Subscribers, Distributors, Recoverable Taxes Contractual Assets and Other, Net - Schedule of Changes in Allowance for Expected Credit Losses (Detail) - MXN ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Subclassifications of assets, liabilities and equities [abstract]      
Balance at beginning of year [1] $ (41,835,826) $ (44,551,735) $ (39,480,909)
Increases recorded in expenses [2] (12,197,447) (10,212,490) [1] (18,450,821) [1]
Write-offs 9,162,382 11,682,343 [1] 11,953,227 [1]
Business combination [1]   0 (2,066)
Translation effect 2,791,835 1,246,056 [1] 1,428,834 [1]
Balance at year end $ (42,079,056) $ (41,835,826) [1] $ (44,551,735) [1]
[1] Restated by discontinued operations
[2] Includes discontinued operation of TracFone, Panama and Chile in joint venture. See note 2Ac.
v3.23.1
Accounts Receivable from Subscribers, Distributors, Recoverable Taxes Contractual Assets and Other, Net - Summary of Aging of Accounts Receivable (Detail) - MXN ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Disclosure of accounts receivable [line items]    
Trade and other receivables $ 208,148,699 $ 209,775,485
Receivable from subscribers and distributors [member] | Cost [member]    
Disclosure of accounts receivable [line items]    
Trade and other receivables 154,659,093 157,433,609
Receivable from subscribers and distributors [member] | 1 - 30 days [member] | Cost [member]    
Disclosure of accounts receivable [line items]    
Trade and other receivables 31,726,606 35,694,272
Receivable from subscribers and distributors [member] | 31 - 60 days [member] | Cost [member]    
Disclosure of accounts receivable [line items]    
Trade and other receivables 4,099,261 4,533,604
Receivable from subscribers and distributors [member] | 61 - 90 days [member] | Cost [member]    
Disclosure of accounts receivable [line items]    
Trade and other receivables 2,574,082 2,645,034
Receivable from subscribers and distributors [member] | Greater than 90 days [member] | Cost [member]    
Disclosure of accounts receivable [line items]    
Trade and other receivables 49,419,630 45,477,862
Unbilled services provided [member] | Receivable from subscribers and distributors [member] | Cost [member]    
Disclosure of accounts receivable [line items]    
Trade and other receivables $ 66,839,514 $ 69,082,837
v3.23.1
Accounts Receivable from Subscribers, Distributors, Recoverable Taxes Contractual Assets and Other, Net - Summary of Accounts Receivable From Subscribers and Distributors Included in Impairments of Trade Receivables (Detail) - Receivable from subscribers and distributors [member] - MXN ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Disclosure of accounts receivable [line items]    
Allowance for bad debts $ 42,079,056 $ 41,835,826
1 - 90 days [member]    
Disclosure of accounts receivable [line items]    
Allowance for bad debts 4,207,906 4,183,583
Greater than 90 days [member]    
Disclosure of accounts receivable [line items]    
Allowance for bad debts $ 37,871,150 $ 37,652,243
v3.23.1
Accounts Receivable from Subscribers, Distributors, Recoverable Taxes Contractual Assets and Other, Net - Summary of Analysis of Contract Assets and Liabilities (Detail) - MXN ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Contract Assets:    
Beginning balance $ 30,901,277 $ 29,588,104
Additions 28,262,872 31,758,626
Business Combination 404,489  
Disposals (5,238,752) (5,946,487)
Amortization (22,926,487) (25,354,712)
Translation effect (2,829,682) 855,746
Ending balance 28,573,717 30,901,277
Non-current contract assets 880,860 989,519
Current portion contracts assets $ 27,692,857 $ 29,911,758
v3.23.1
Related Parties - Summary of Analysis of the Balances with Related Parties (Detail) - MXN ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Disclosure of receivables and payables arising from related party transactions [line items]    
Amounts receivable from related party transactions $ 2,287,213 $ 1,158,611
Amounts payable to related party transactions 7,224,218 4,216,882
Sears Roebuck de México, S.A. de C.V. and Subsidiaries [member]    
Disclosure of receivables and payables arising from related party transactions [line items]    
Amounts receivable from related party transactions 260,584 339,366
Sitios Latinoamérica, S.A.B. de C.V. [Member]    
Disclosure of receivables and payables arising from related party transactions [line items]    
Amounts receivable from related party transactions 1,460,897  
Amounts payable to related party transactions 960,244  
Sanborns Hermanos, SA [member]    
Disclosure of receivables and payables arising from related party transactions [line items]    
Amounts receivable from related party transactions 124,157 192,599
Patrimonial Inbursa, SA [member]    
Disclosure of receivables and payables arising from related party transactions [line items]    
Amounts receivable from related party transactions 166,366 145,676
Grupo Condumex, SA de CV and Subsidiaries [member]    
Disclosure of receivables and payables arising from related party transactions [line items]    
Amounts receivable from related party transactions 31,857 122,555
Amounts payable to related party transactions 2,036,371 1,709,487
Hubard y Bourlon SA de CV [member]    
Disclosure of receivables and payables arising from related party transactions [line items]    
Amounts receivable from related party transactions 0 52,026
Claroshopcom SAPI de CV [member]    
Disclosure of receivables and payables arising from related party transactions [line items]    
Amounts receivable from related party transactions 31,559 40,906
Amounts payable to related party transactions 216,774 247,081
Carso Infraestructura y Construccion, SA de CV and Subsidiaries [member]    
Disclosure of receivables and payables arising from related party transactions [line items]    
Amounts payable to related party transactions 2,836,689 1,273,085
Fianzas Guardiana Inbursa, SA de CV [member]    
Disclosure of receivables and payables arising from related party transactions [line items]    
Amounts payable to related party transactions 437,428 385,287
Grupo Financiero Inbursa, SAB de CV [member]    
Disclosure of receivables and payables arising from related party transactions [line items]    
Amounts payable to related party transactions 102,127 102,314
Seguros Inbursa SA de CV [member]    
Disclosure of receivables and payables arising from related party transactions [line items]    
Amounts payable to related party transactions 107,389 113,089
Sociedad Financiera Inbursa, S.A. de C.V.    
Disclosure of receivables and payables arising from related party transactions [line items]    
Amounts payable to related party transactions 13,058 80,382
PC Industrial, SA de CV and Subsidiaries [member]    
Disclosure of receivables and payables arising from related party transactions [line items]    
Amounts payable to related party transactions 3,321 4,761
Enesa, SA de CV and Subsidiaries [member]    
Disclosure of receivables and payables arising from related party transactions [line items]    
Amounts payable to related party transactions 3,854 9,384
Cicsa Perú, S.A.C. [Member]    
Disclosure of receivables and payables arising from related party transactions [line items]    
Amounts payable to related party transactions 256,344  
Other related parties [member]    
Disclosure of receivables and payables arising from related party transactions [line items]    
Amounts receivable from related party transactions 211,793 265,483
Amounts payable to related party transactions $ 250,619 $ 292,012
v3.23.1
Related Parties - Additional Information (Detail) - MXN ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Disclosure of transactions between related parties [line items]      
Impairment of receivables in connection with amounts owed by related parties $ 0 $ 0 $ 0
Members of the audit and corporate practices committee [member]      
Disclosure of transactions between related parties [line items]      
compensation paid 5,900    
Directors and other key management personnel [member]      
Disclosure of transactions between related parties [line items]      
compensation paid $ 96,900    
v3.23.1
Related Parties - Summary of Transactions with Related Parties (Detail) - MXN ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Disclosure of transactions between related parties [abstract]      
Construction services, purchases of materials, inventories and property, plant and equipment $ 13,107,483 $ 13,524,989 $ 7,130,769
Insurance premiums, fees paid for administrative and operating services, brokerage services and others 3,490,596 4,336,133 4,375,113
Other services 1,890,921 1,636,402 1,101,528
Investments and expenses 18,489,000 19,497,524 12,607,410
Service revenues 756,347 714,148 608,248
Sales of towers 3,323,594 6,943,400  
Sales of equipment 1,153,439 685,781 656,801
Revenues $ 5,233,380 $ 8,343,329 $ 1,265,049
v3.23.1
Related Parties - Summary of Transactions with Related Parties (Parenthetical) (Detail) - MXN ($)
$ in Thousands
 1 Months Ended 12 Months Ended
Nov. 30, 2022
Nov. 30, 2021
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Disclosure of transactions between related parties [line items]          
Materials purchased from subsidiaries     $ 11,018,630 $ 11,447,164 $ 5,312,845
Sale Of Towers Of Related Party Transactions     3,323,594 6,943,400  
Grupo Carso, SAB de CV [member]          
Disclosure of transactions between related parties [line items]          
Network maintenance service cost     117,321 121,728 203,013
Associates [member]          
Disclosure of transactions between related parties [line items]          
Software service expense     16,556 50,730 13,490
Seguros Inbursa SA and Fianzas Guardiana Inbursa, SA [member]          
Disclosure of transactions between related parties [line items]          
Insurance premium     3,281,176 3,814,995 $ 2,713,370
Telesites SAB de CV [Member]          
Disclosure of transactions between related parties [line items]          
Payment Of Tower Rent     316,700 $ 19,300  
Sale Of Towers Of Related Party Transactions $ 1,194,180 $ 6,943,400 1,390,980    
Sitios [Member]          
Disclosure of transactions between related parties [line items]          
Sale Of Towers Of Related Party Transactions     $ 738,434    
v3.23.1
Derivative Financial Instruments - Additional Information (Detail) - MXN ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Disclosure of detailed information about financial instruments [line items]      
Changes in fair value of derivative financial instruments gain (loss) $ (28,639,687) $ (6,755,214) $ 12,378,193
Derivatives [member] | Debt securities [member]      
Disclosure of detailed information about financial instruments [line items]      
Weighted-average interest rate 5.00% (3.10%) 3.50%
v3.23.1
Derivative Financial Instruments - Schedule of Derivative Financial Instruments Contracted (Detail)
€ in Millions, ¥ in Millions, £ in Millions, R$ in Millions, $ in Millions
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2022
JPY (¥)
Dec. 31, 2022
GBP (£)
Dec. 31, 2022
BRL (R$)
Dec. 31, 2022
EUR (€)
Dec. 31, 2021
MXN ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2021
JPY (¥)
Dec. 31, 2021
GBP (£)
Dec. 31, 2021
BRL (R$)
Dec. 31, 2021
EUR (€)
Disclosure of detailed information about financial instruments [line items]                        
Fair value, Asset $ 2,602,680,000 $ 134         $ 10,130,806,000          
Fair value, Liabilities (25,331,346,000)           10,034,508,000          
Swaps US Dollar-Mexican Peso [member]                        
Disclosure of detailed information about financial instruments [line items]                        
Notional amount, Asset   140           $ 1,890        
Fair value, Asset 91,469,000           6,881,943,000          
Notional amount, Liabilities   1,750                    
Fair value, Liabilities (731,565,000)           0          
Swaps Yen-US Dollar [member]                        
Disclosure of detailed information about financial instruments [line items]                        
Notional amount, Asset | ¥     ¥ 6,500           ¥ 6,500      
Fair value, Asset 101,409,000           119,325,000          
Notional amount, Liabilities | ¥     ¥ 6,500           ¥ 6,500      
Fair value, Liabilities (230,843,000)           (119,313,000)          
Forwards US Dollar-Mexican Peso [member]                        
Disclosure of detailed information about financial instruments [line items]                        
Notional amount, Asset   100           2,080        
Fair value, Asset 6,636,000           321,864,000          
Notional amount, Liabilities   1,945           1,175        
Fair value, Liabilities (783,334,000)           (286,937,000)          
Forwards Brazilian Real - US Dollar [member]                        
Disclosure of detailed information about financial instruments [line items]                        
Notional amount, Asset | R$         R$ 2,899           R$ 2,480  
Fair value, Asset 225,933,000           127,131,000          
Notional amount, Liabilities | R$         R$ 2,763           R$ 4,021  
Fair value, Liabilities (122,201,000)           (234,822,000)          
Forwards Euro-US Dollar [member]                        
Disclosure of detailed information about financial instruments [line items]                        
Notional amount, Asset | €           € 509            
Fair value, Asset 331,401,000           0          
Notional amount, Liabilities | €           952           € 815
Fair value, Liabilities (915,854,000)           (1,122,641,000)          
Swaps Pound Sterling-Euro [member]                        
Disclosure of detailed information about financial instruments [line items]                        
Notional amount, Liabilities | £       £ 640           £ 640    
Fair value, Liabilities (2,070,175,000)           (1,924,941,000)          
Put option [member]                        
Disclosure of detailed information about financial instruments [line items]                        
Notional amount, Asset | €                       374
Fair value, Asset 0           638,347,000          
Notional amount, Liabilities | €           374            
Fair value, Liabilities (368,364,000)           0          
Call option [member]                        
Disclosure of detailed information about financial instruments [line items]                        
Notional amount, Liabilities | €           2,097           2,097
Fair value, Liabilities (2,031,836,000)           (1,725,495,000)          
Swaps US Dollar- Euro [member]                        
Disclosure of detailed information about financial instruments [line items]                        
Notional amount, Asset   800           150        
Fair value, Asset 1,845,832,000           307,646,000          
Notional amount, Liabilities   $ 150           800        
Fair value, Liabilities (215,240,000)           (1,270,005,000)          
Swaps Pound Sterling – US Dollar [member]                        
Disclosure of detailed information about financial instruments [line items]                        
Notional amount, Asset 0                 100    
Fair value, Asset 0           99,463,000          
Notional amount, Liabilities | £       £ 1,560           £ 1,460    
Fair value, Liabilities (11,507,501,000)           (2,117,583,000)          
Forwards US Dollar - Euro [member]                        
Disclosure of detailed information about financial instruments [line items]                        
Notional amount, Liabilities               $ 8        
Fair value, Liabilities 0           (1,570,000)          
Forwards Euro - Mexican Peso [Member]                        
Disclosure of detailed information about financial instruments [line items]                        
Notional amount, Liabilities | €                       200
Fair value, Liabilities 0           (22,182,000)          
Forwards Mexican Peso - US Dollar [Member]                        
Disclosure of detailed information about financial instruments [line items]                        
Notional amount, Asset             35,419,000,000          
Fair value, Asset 0           1,635,087,000          
Swaps Euro US Dollar [Member]                        
Disclosure of detailed information about financial instruments [line items]                        
Notional amount, Liabilities | €           1,145           495
Fair value, Liabilities (3,474,154,000)           (528,298,000)          
Swaps Euro - Mexican Peso [Member]                        
Disclosure of detailed information about financial instruments [line items]                        
Notional amount, Liabilities | €           € 750           € 750
Fair value, Liabilities $ (2,880,279,000)           $ (680,720,000)          
v3.23.1
Derivative Financial Instruments - Summary of Maturities of Notional Amount of Derivatives (Detail)
€ in Millions, ¥ in Millions, £ in Millions, R$ in Millions, $ in Millions
Dec. 31, 2022
USD ($)
Dec. 31, 2022
JPY (¥)
Dec. 31, 2022
GBP (£)
Dec. 31, 2022
BRL (R$)
Dec. 31, 2022
EUR (€)
Dec. 31, 2021
USD ($)
Dec. 31, 2021
JPY (¥)
Dec. 31, 2021
GBP (£)
Dec. 31, 2021
BRL (R$)
Dec. 31, 2021
EUR (€)
Swaps US Dollar-Mexican Peso [member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Asset $ 140         $ 1,890        
Notional amount, Liabilities 1,750                  
Swaps Yen-US Dollar [member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Asset | ¥   ¥ 6,500         ¥ 6,500      
Notional amount, Liabilities | ¥   6,500         ¥ 6,500      
Forwards Brazilian Real - US Dollar [member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Asset | R$       R$ 2,899         R$ 2,480  
Notional amount, Liabilities | R$       2,763         R$ 4,021  
Forwards Euro-US Dollar [member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Asset | €         € 509          
Notional amount, Liabilities | €         952         € 815
Swaps Pound Sterling-Euro [member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Liabilities | £     £ 640         £ 640    
Forwards US Dollar-Mexican Peso [member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Asset 100         2,080        
Notional amount, Liabilities 1,945         1,175        
Put option [member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Asset | €                   374
Notional amount, Liabilities | €         374          
Call option                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Liabilities | €         2,097         2,097
Swaps US Dollar- Euro [member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Asset 800         150        
Notional amount, Liabilities 150         800        
Forwards US Dollar - Euro [Member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Liabilities           $ 8        
Swaps Euro US Dollar [Member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Liabilities | €         1,145         495
Swaps Euro - Mexican Peso [Member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Liabilities | €         750         € 750
2023 | Forwards Brazilian Real - US Dollar [member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Asset | R$       2,899            
Notional amount, Liabilities | R$       R$ 2,763            
2023 | Forwards Euro-US Dollar [member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Asset | €         509          
2023 | Forwards US Dollar-Mexican Peso [member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Asset 100                  
Notional amount, Liabilities 1,945                  
2023 | Put option [member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Liabilities | €         374          
2023 | Forwards US Dollar - Euro [Member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Liabilities 890                  
2023 | Swaps Euro US Dollar [Member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Liabilities | €         320          
2023 | Swaps Euro - Mexican Peso [Member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Liabilities 750                  
2024 | Call option                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Liabilities | €         2,097          
2024 | Forwards US Dollar - Euro [Member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Liabilities 62                  
2024 | Swaps Euro US Dollar [Member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Liabilities | €         175          
2026 | Swaps Pound Sterling-Euro [member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Liabilities | £     390              
2026 | Swap Pound Sterling-USDollar [member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Liabilities | £     110              
2027 Thereafter | Swaps US Dollar-Mexican Peso [member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Asset 140                  
Notional amount, Liabilities 1,750                  
2027 Thereafter | Swaps Yen-US Dollar [member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Asset | ¥   6,500                
Notional amount, Liabilities | ¥   ¥ 6,500                
2027 Thereafter | Swaps Pound Sterling-Euro [member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Liabilities | £     250              
2027 Thereafter | Swap Pound Sterling-USDollar [member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Liabilities | £     £ 1,450              
2027 Thereafter | Swaps US Dollar- Euro [member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Asset 800                  
Notional amount, Liabilities $ 150                  
2027 Thereafter | Swaps Euro US Dollar [Member]                    
Disclosure of detailed information about financial instruments [line items]                    
Notional amount, Liabilities | €         € 650          
v3.23.1
Inventories, Net - Summary of Analysis of Inventories (Detail)
$ in Thousands, $ in Millions
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
MXN ($)
Classes of current inventories [abstract]      
Mobile phones, accessories, computers, TVs, cards and other materials $ 26,311,415   $ 26,131,521
Less: Reserve for obsolete and slow-moving inventories (2,316,282)   (1,946,211)
Total $ 23,995,133 $ 1,236 $ 24,185,310
v3.23.1
Inventories, net - Additional Information (Detail) - MXN ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Disclosure of inventories [abstract]      
Cost of inventories recognized in cost of sales $ 115,022,007 $ 117,613,669 $ 111,186,855
v3.23.1
Other Assets, Net - Summary of Analysis of Other Assets (Detail)
$ in Thousands, $ in Millions
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
MXN ($)
Current portion:      
Advances to suppliers (different from PP&E and inventories) $ 8,247,735   $ 7,474,932
Prepaid insurance 1,988,713   1,749,589
Other 328,974   227,731
Other current assets 10,565,422 $ 544 9,452,252
Non-current portion:      
Recoverable taxes 9,363,682   11,689,094
Prepayments for the use of fiber optics 3,424,850   3,783,496
Judicial Deposits [1] 16,309,977   14,583,504
Prepaid expenses 10,483,113   9,899,996
Total $ 39,581,622   $ 39,956,090
[1] Judicial deposits represent cash and cash equivalents pledged in order to fulfill the collateral requirements for tax contingencies mainly in Brazil. As of December 31, 2021 and 2022, the amount for these deposits is Ps. 14,583,504 and Ps. 16,309,977 respectively for Brazil. Based on its evaluation of the underlying contingencies, the Company believes that such amounts are recoverable. See Note 17 b).
v3.23.1
Other Assets, Net - Summary of Analysis of Other Assets (Parenthetical) (Detail) - MXN ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Disclosure of Other Assets [line items]    
Judicial deposits [1] $ 16,309,977 $ 14,583,504
Brazil [member]    
Disclosure of Other Assets [line items]    
Judicial deposits $ 16,309,977 $ 14,583,504
[1] Judicial deposits represent cash and cash equivalents pledged in order to fulfill the collateral requirements for tax contingencies mainly in Brazil. As of December 31, 2021 and 2022, the amount for these deposits is Ps. 14,583,504 and Ps. 16,309,977 respectively for Brazil. Based on its evaluation of the underlying contingencies, the Company believes that such amounts are recoverable. See Note 17 b).
v3.23.1
Other assets, net - Additional Information (Detail) - MXN ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Other assets [member]      
Disclosure of other assets [line items]      
Amortization expense for other assets $ 215,529 $ 442,098 $ 204,717
v3.23.1
Property, Plant and Equipment, Net - Schedule of Property, Plant and Equipment, Net (Detail)
$ in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
MXN ($)
Dec. 31, 2020
MXN ($)
Disclosure of detailed information about property, plant and equipment [line items]        
Beginning balance $ 731,196,679   $ 722,929,631 $ 639,343,370
Additions 227,067,886   231,539,820 198,788,458
Retirements (97,343,915) [1]   (92,643,640) [2] (106,489,087)
Business combinations 1,475,682 [1],[2],[3]     1,053,921
Revaluation adjustments (51,540,632) [4]     107,152,628
Transfers (4,121,663)   (1,966,088) (62,050,212) [5]
Incorporation (merger, spin-off, sale) [6] (14,851,922)      
Effect of translation of foreign subsidiaries (23,287,597)   (17,201,315) (8,756,866)
Depreciation of the year 111,368,308   111,461,729 [7] 108,162,793 [7]
Ending balance 657,226,210 $ 33,853 731,196,679 722,929,631
Cost [member]        
Disclosure of detailed information about property, plant and equipment [line items]        
Beginning balance 1,408,997,290   1,355,800,837 1,319,587,687
Additions 227,067,886   231,539,820 198,788,458
Retirements (160,497,007) [1]   (127,800,314) [2] (143,373,691)
Business combinations 1,475,682 [1],[2],[3]     1,053,921
Revaluation adjustments (55,639,215) [4]     107,152,628
Transfers (3,847,652)   (1,000,104) (62,050,212)
Incorporation (merger, spin-off, sale) [6] (19,176,964)      
Effect of translation of foreign subsidiaries (81,188,566)   (49,542,949) (65,357,954)
Depreciation of the year 0      
Ending balance 1,317,191,454   1,408,997,290 1,355,800,837
Cost [member] | Network in operation and equipment [member]        
Disclosure of detailed information about property, plant and equipment [line items]        
Beginning balance 1,111,714,837   1,057,592,243 990,673,603
Additions 56,307,013   89,696,150 90,387,449
Retirements (64,315,475) [1]   (45,044,049) [2] (19,574,391)
Business combinations 1,415,252 [1],[2],[3]     996,974
Revaluation adjustments (55,639,215) [4]     107,152,628
Transfers 63,171,840   53,531,590 (62,050,212)
Incorporation (merger, spin-off, sale) [6] (18,399,253)      
Effect of translation of foreign subsidiaries (68,236,057)   (44,061,097) (49,993,808)
Ending balance 1,026,018,942   1,111,714,837 1,057,592,243
Cost [member] | Land and buildings [member]        
Disclosure of detailed information about property, plant and equipment [line items]        
Beginning balance 48,019,609   48,887,578 50,801,253
Additions 596,165   784,460 570,062
Retirements (2,021,550) [1]   (473,785) [2] (2,853,037)
Business combinations       0
Transfers 737,667   38,250  
Effect of translation of foreign subsidiaries (3,577,615)   (1,216,894) 369,300
Ending balance 43,754,276   48,019,609 48,887,578
Cost [member] | Other assets [member]        
Disclosure of detailed information about property, plant and equipment [line items]        
Beginning balance 152,140,132   157,022,845 162,340,564
Additions 12,325,614   10,782,903 17,474,218
Retirements (13,642,510) [1]   (11,994,756) [2] (14,454,598)
Business combinations 23,723 [1],[2],[3]     55,848
Transfers 559,935   (1,800,756)  
Incorporation (merger, spin-off, sale) [6] (698,522)      
Effect of translation of foreign subsidiaries (5,468,249)   (1,870,104) (8,393,187)
Ending balance 145,240,123   152,140,132 157,022,845
Cost [member] | Construction in process and advances plant suppliers [member]        
Disclosure of detailed information about property, plant and equipment [line items]        
Beginning balance [2] 63,324,666   67,501,913 81,539,174
Additions [2] 96,511,498   83,366,813 59,635,316
Retirements [2] (49,559,746) [1]   (47,178,796) (68,661,847)
Business combinations [2] 36,707 [1],[3]     1,099
Transfers [2] (48,393,706)   (38,944,421)  
Incorporation (merger, spin-off, sale) [6] (72,194)      
Effect of translation of foreign subsidiaries [2] (2,027,587)   (1,420,843) (5,011,829)
Ending balance [2] 59,819,638   63,324,666 67,501,913
Cost [member] | Spare parts for operation of the network [member]        
Disclosure of detailed information about property, plant and equipment [line items]        
Beginning balance 33,798,046   24,796,258 34,233,093
Additions 61,327,596   46,909,494 30,721,413
Retirements (30,957,726) [1]   (23,108,928) [2] (37,829,818)
Business combinations       0
Transfers (19,923,388)   (13,824,767)  
Incorporation (merger, spin-off, sale) [6] (6,995)      
Effect of translation of foreign subsidiaries (1,879,058)   (974,011) (2,328,430)
Ending balance 42,358,475   33,798,046 24,796,258
Accumulated depreciation [member]        
Disclosure of detailed information about property, plant and equipment [line items]        
Beginning balance 677,800,611   632,871,206 680,244,317
Retirements (63,153,092) [1]   (35,156,674) [2] (36,884,604)
Revaluation adjustments [4] (4,098,583)      
Transfers 274,011   965,984 (62,050,212)
Incorporation (merger, spin-off, sale) [6] (4,325,042)      
Effect of translation of foreign subsidiaries (57,900,969)   (32,341,634) (56,601,088)
Depreciation of the year 111,368,308   111,461,729 [7] 108,162,793 [7]
Ending balance 659,965,244   677,800,611 632,871,206
Accumulated depreciation [member] | Network in operation and equipment [member]        
Disclosure of detailed information about property, plant and equipment [line items]        
Beginning balance 574,672,058   531,267,306 580,370,101
Retirements (52,703,338) [1]   (24,322,904) [2] (25,726,856)
Revaluation adjustments [4] (4,098,583)      
Transfers (71,627)   638,066  
Incorporation (merger, spin-off, sale) [6] 4,827,813      
Effect of translation of foreign subsidiaries (52,313,781)   (29,767,613) (50,897,558)
Depreciation of the year 95,577,534   96,857,203 [7] 89,571,831 [7]
Ending balance 565,890,076   574,672,058 531,267,306
Accumulated depreciation [member] | Other assets [member]        
Disclosure of detailed information about property, plant and equipment [line items]        
Beginning balance 93,259,679   92,444,017 90,332,191
Retirements (9,711,246) [1]   (10,522,319) [2] (9,317,821)
Transfers 298,060   549,855  
Incorporation (merger, spin-off, sale) [6] (8,940,398)      
Effect of translation of foreign subsidiaries (3,146,276)   (1,879,241) (5,120,175)
Depreciation of the year 13,814,586   12,667,367 [7] 16,549,822 [7]
Ending balance 85,574,405   93,259,679 92,444,017
Accumulated depreciation [member] | Spare parts for operation of the network [member]        
Disclosure of detailed information about property, plant and equipment [line items]        
Beginning balance 19,371   72,484 74,717
Retirements (115,552) [1]   (92,421) [2] (176,131)
Incorporation (merger, spin-off, sale) [6] 6,717      
Effect of translation of foreign subsidiaries (84,295)   (26,823) 38,898
Depreciation of the year 274,914   66,131 [7] 135,000 [7]
Ending balance 101,155   19,371 72,484
Accumulated depreciation [member] | Buildings [member]        
Disclosure of detailed information about property, plant and equipment [line items]        
Beginning balance 9,849,503   9,087,399 9,467,308
Retirements (622,956) [1]   (219,030) [2] (1,663,796)
Transfers 47,578   (221,937)  
Incorporation (merger, spin-off, sale) [6] (219,174)      
Effect of translation of foreign subsidiaries (2,356,617)   (667,957) (622,253)
Depreciation of the year 1,701,274   1,871,028 [7] 1,906,140 [7]
Ending balance $ 8,399,608   $ 9,849,503 $ 9,087,399
[1] Includes disposals of Chile’s separation process as a result of the Claro Chile, SpA joint venture. See Note 12b. Also includes disposals related to the sale of Claro Panama. See Note 2Ac and disposals related to the
partial
sale Claro Peru’s towers to Sitios Latam as of December 31, 2022.
[2] Construction in progress includes fixed and mobile network facilities as well as satellite developments and fiber optic which is in the process of being installed
[3] “Business Combination” includes the acquisition of Assets of Grupo Oi, Jonava and Ustore, in Brazil. See Note 12a.
[4] ¨Revaluation adjustments” include the surplus associated with the 29,090
telecommunications towers, for an amount of $50,880,804 that was transferred as part of the spin-off of assets to Sitios Latam described in Note 12d.
[5] This transfer on 2020 relates to the accumulated depreciation as at the revaluation date that was eliminated against the gross carrying amount of the revalued asset.
[6] “Incorporation (merger, spin-off, sale)” includes disposals associated as spin-off of assets to Sitios Latam described in Note 12d.
[7] Restated for discontinued operations
v3.23.1
Property, Plant and Equipment, Net - Schedule of Property, Plant and Equipment, Net (Parenthetical) (Detail)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
MXN ($)
Towers
Dec. 31, 2021
MXN ($)
Dec. 31, 2020
MXN ($)
Disclosure of detailed information about property, plant and equipment [line items]      
Number of telecommunications towers | Towers 29,090    
Property, plant and equipment, revaluation surplus $ 38,353,719 $ 98,172,675 $ 107,152,628
Sitios Latinoamrica, S.A.B. de C.V [Member]      
Disclosure of detailed information about property, plant and equipment [line items]      
Property, plant and equipment, revaluation surplus $ 50,880,804    
v3.23.1
Property, Plant and Equipment, Net - Schedule of Relevant Information Related to Computation of Capitalized Borrowing Costs (Detail) - MXN ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Disclosure of detailed information about property, plant and equipment [line items]      
Amount invested in the acquisition of qualifying assets $ 30,161,647 $ 38,573,605 $ 46,528,232
Capitalized interest $ 1,514,654 $ 1,527,259 1,771,613
Capitalization rate 5.38% 3.78%  
Property, plant and equipment [member]      
Disclosure of detailed information about property, plant and equipment [line items]      
Capitalized interest $ 1,514,654 $ 1,527,259 $ 1,771,613
Capitalization rate 5.00% 4.00% 3.80%
v3.23.1
Intangible Assets, Net and Goodwill - Summary of Analysis of Intangible Assets (Detail) - MXN ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Licenses and rights of use [member]      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Balance at beginning of year $ 130,267,745 $ 118,481,097 $ 111,432,979
Acquisitions 2,656,914 24,406,905 15,079,714
Acquisitions in business combinations 95,147   4,436,313
Disposals and other (349,118) [1] 2,041,443 [2] 1,337,178
Amortization of the year (13,323,410) [3] (14,387,511) (14,002,802) [4]
Effect of translation of foreign subsidiaries (6,222,914) (274,189) 197,715
Balance at end of year 113,124,364 130,267,745 118,481,097
Licenses and rights of use [member] | Cost [member]      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Balance at beginning of year 266,057,690 253,090,161 246,100,862
Acquisitions 2,656,914 24,406,905 15,079,714
Acquisitions in business combinations 95,147   4,436,313
Disposals and other (1,785,196) [1] (4,427,685) [2] 1,502,981
Effect of translation of foreign subsidiaries (11,475,085) (7,011,691) (14,029,709)
Balance at end of year 255,549,470 266,057,690 253,090,161
Licenses and rights of use [member] | Accumulated depreciation [member]      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Balance at beginning of year (135,789,945) (134,609,064) (134,667,883)
Disposals and other 1,436,078 [1] 6,469,128 [2] (165,803)
Amortization of the year (13,323,410) [3] (14,387,511) (14,002,802) [4]
Effect of translation of foreign subsidiaries 5,252,171 6,737,502 14,227,424
Balance at end of year (142,425,106) (135,789,945) (134,609,064)
Trademarks [member]      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Balance at beginning of year 3,292,163 3,777,418 3,488,709
Acquisitions 183,631 75,100 162,309
Acquisitions in business combinations 40,412   12,110
Disposals and other (66,000) [1] (326,949) [2] (132,028)
Amortization of the year (110,974) [3] (140,205) (168,975) [4]
Effect of translation of foreign subsidiaries (324,675) (93,201) 415,293
Balance at end of year 3,014,557 3,292,163 3,777,418
Trademarks [member] | Cost [member]      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Balance at beginning of year 27,675,853 29,132,365 27,419,008
Acquisitions 183,631 75,100 162,309
Acquisitions in business combinations 40,412   12,110
Disposals and other (66,000) [1] (1,129,666) [2] 4,000
Effect of translation of foreign subsidiaries (1,366,541) (401,946) 1,534,938
Balance at end of year 26,467,355 27,675,853 29,132,365
Trademarks [member] | Accumulated depreciation [member]      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Balance at beginning of year (24,383,690) (25,354,947) (23,930,299)
Disposals and other   802,717 [2] (136,028)
Amortization of the year (110,974) [3] (140,205) (168,975) [4]
Effect of translation of foreign subsidiaries 1,041,866 308,745 (1,119,645)
Balance at end of year (23,452,798) (24,383,690) (25,354,947)
Customer relationships [member]      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Balance at beginning of year 3,361,164 4,153,661 3,099,381
Acquisitions 22,842 229,936 1,935
Acquisitions in business combinations 2,863,765   2,689,718
Disposals and other (18) [1] (302,666) [2] (850,852)
Amortization of the year (954,256) [3] (707,500) (808,293) [4]
Effect of translation of foreign subsidiaries (435,824) (12,267) 21,772
Balance at end of year 4,857,673 3,361,164 4,153,661
Customer relationships [member] | Cost [member]      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Balance at beginning of year 24,570,126 29,579,266 22,875,011
Acquisitions 22,842 229,936 1,935
Acquisitions in business combinations 2,863,765   2,689,718
Disposals and other   (4,133,408) [2] (5,763)
Effect of translation of foreign subsidiaries (3,267,041) (1,105,668) 4,018,365
Balance at end of year 24,189,692 24,570,126 29,579,266
Customer relationships [member] | Accumulated depreciation [member]      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Balance at beginning of year (21,208,962) (25,425,605) (19,775,630)
Disposals and other (18) [1] 3,830,742 [2] (845,089)
Amortization of the year (954,256) [3] (707,500) (808,293) [4]
Effect of translation of foreign subsidiaries 2,831,217 1,093,401 (3,996,593)
Balance at end of year (19,332,019) (21,208,962) (25,425,605)
Software licenses [member]      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Balance at beginning of year 4,813,462 5,067,698 5,103,367
Acquisitions 5,108,485 2,659,704 2,445,784
Acquisitions in business combinations 14,205   36
Disposals and other 179,333 [1] (2,315) [2] (471,812)
Amortization of the year (2,645,400) [3] (2,738,978) (2,667,870) [4]
Effect of translation of foreign subsidiaries (767,493) (172,647) 658,193
Balance at end of year 6,702,592 4,813,462 5,067,698
Software licenses [member] | Cost [member]      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Balance at beginning of year 15,251,136 17,301,146 13,104,110
Acquisitions 5,108,485 2,660,330 2,445,784
Acquisitions in business combinations 14,205   36
Disposals and other (797,084) [1] (3,484,755) [2] (2,485,429)
Effect of translation of foreign subsidiaries (3,358,767) (1,225,585) 4,236,645
Balance at end of year 16,217,975 15,251,136 17,301,146
Software licenses [member] | Accumulated depreciation [member]      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Balance at beginning of year (10,437,674) (12,233,448) (8,000,743)
Acquisitions   (626)  
Disposals and other 976,417 [1] 3,482,440 [2] 2,013,617
Amortization of the year (2,645,400) [3] (2,738,978) (2,667,870) [4]
Effect of translation of foreign subsidiaries 2,591,274 1,052,938 (3,578,452)
Balance at end of year (9,515,383) (10,437,674) (12,233,448)
Content rights [member]      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Balance at beginning of year 1,491,230 1,977,093 2,044,953
Acquisitions 874,961 818,436 1,570,415
Disposals and other (260,416) [1] (429,415) [2] (313,942)
Amortization of the year (881,352) [3] (899,666) (1,440,749) [4]
Effect of translation of foreign subsidiaries (30,187) 24,782 116,416
Balance at end of year 1,194,236 1,491,230 1,977,093
Content rights [member] | Cost [member]      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Balance at beginning of year 13,002,320 12,036,312 10,160,182
Acquisitions 874,961 818,436 1,570,415
Disposals and other (263,798) [1] (281,747) [2] (313,942)
Effect of translation of foreign subsidiaries (830,079) 429,319 619,657
Balance at end of year 12,783,404 13,002,320 12,036,312
Content rights [member] | Accumulated depreciation [member]      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Balance at beginning of year (11,511,090) (10,059,219) (8,115,229)
Disposals and other 3,382 [1] (147,668) [2]  
Amortization of the year (881,352) [3] (899,666) (1,440,749) [4]
Effect of translation of foreign subsidiaries 799,892 (404,537) (503,241)
Balance at end of year (11,589,168) (11,511,090) (10,059,219)
Intangibles, net [member]      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Balance at beginning of year 143,225,764 133,456,967 125,169,389
Acquisitions 8,846,833 28,190,081 19,260,157
Acquisitions in business combinations 3,013,529   7,138,177
Disposals and other (496,219) [1] 980,098 [2] (431,456)
Amortization of the year (17,915,392) [3] (18,873,860) (19,088,689) [4]
Effect of translation of foreign subsidiaries (7,781,093) (527,522) 1,409,389
Balance at end of year 128,893,422 143,225,764 133,456,967
Goodwill [member]      
Disclosure of reconciliation of changes in intangible assets and goodwill [line items]      
Balance at beginning of year 136,578,194 143,052,859 152,899,801
Acquisitions 14,447,186    
Acquisitions in business combinations 280,192   (7,014,120) [5]
Disposals and other (2,230,610) [1] (3,516,287) [2] (537,343)
Amortization of the year [3],[6] (149,696)    
Effect of translation of foreign subsidiaries (7,803,901) (2,958,378) (2,295,479)
Balance at end of year $ 141,121,365 $ 136,578,194 $ 143,052,859
[1] Includes the transaction related to Panama and Chile disposal.
[2] Includes disposals related to the sale of TracFone.
[3] Includes the discontinued operations of Panama and the Claro Chile, SpA joint venture. See Note 2, Ac.
[4] Restated for discontinued operations of TracFone, Panama and the Claro Chile, SpA joint venture. See Note 2Ac.
[5] Corresponds to adjustments in Purchase Price allocation values, mainly for the spectrum licenses, in subsidiaries acquired during 2019.
[6] Impairment
v3.23.1
Intangible Assets, Net and Goodwill - Summary of Aggregate Carrying Amount of Goodwill (Detail)
$ in Thousands, $ in Millions
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
MXN ($)
Dec. 31, 2020
MXN ($)
Disclosure of carrying value of goodwill [line items]        
Goodwill $ 141,121,365 $ 7,269 $ 136,578,194 $ 143,052,859
Europe [member]        
Disclosure of carrying value of goodwill [line items]        
Goodwill 49,465,916   52,307,190  
Brazil [member]        
Disclosure of carrying value of goodwill [line items]        
Goodwill 31,085,202   18,017,916  
Puerto Rico [member]        
Disclosure of carrying value of goodwill [line items]        
Goodwill 17,463,394   17,463,394  
Dominican Republic [member]        
Disclosure of carrying value of goodwill [line items]        
Goodwill 14,186,723   14,186,723  
Colombia [member]        
Disclosure of carrying value of goodwill [line items]        
Goodwill 8,495,090   11,685,585  
Mexico [member]        
Disclosure of carrying value of goodwill [line items]        
Goodwill 9,233,694   10,164,814  
Peru [member]        
Disclosure of carrying value of goodwill [line items]        
Goodwill 2,523,467   2,532,770  
Chile [member]        
Disclosure of carrying value of goodwill [line items]        
Goodwill 0   2,311,239  
El Salvador [member]        
Disclosure of carrying value of goodwill [line items]        
Goodwill 2,522,768   2,510,595  
Ecuador [member]        
Disclosure of carrying value of goodwill [line items]        
Goodwill 2,155,384   2,155,384  
Guatemala [member]        
Disclosure of carrying value of goodwill [line items]        
Goodwill 2,245,161   1,947,203  
Other countries [member]        
Disclosure of carrying value of goodwill [line items]        
Goodwill $ 1,744,566   $ 1,295,381  
v3.23.1
Intangible Assets, Net and Goodwill - Additional Information (Detail)
$ in Thousands
 1 Months Ended 12 Months Ended
Aug. 31, 2022
MXN ($)
May 31, 2022
MXN ($)
Sep. 30, 2022
MXN ($)
Mar. 31, 2022
MXN ($)
Nov. 30, 2021
MXN ($)
Feb. 28, 2021
MXN ($)
Feb. 29, 2020
MXN ($)
Band
Feb. 29, 2020
USD ($)
Band
Jan. 31, 2020
MXN ($)
Pair
Dec. 31, 2022
MXN ($)
Dec. 31, 2021
MXN ($)
Dec. 31, 2020
MXN ($)
Disclosure of intangible assets and goodwill [line items]                        
Amount paid for license                     $ 1,752,128  
Mexico [member] | Spectrum Frequency Band Concession Titles [Member]                        
Disclosure of intangible assets and goodwill [line items]                        
Amount paid for license $ 721,647                      
ARGENTINA                        
Disclosure of intangible assets and goodwill [line items]                        
Amount paid for license       $ 304,386                
ARGENTINA | ENACOM [Member]                        
Disclosure of intangible assets and goodwill [line items]                        
Amount paid for license     $ 411,930                  
NICARAGUA | Renewal of Mobile Frequency [Member]                        
Disclosure of intangible assets and goodwill [line items]                        
Amount paid for license   $ 357,478                    
Estimated useful life of intangible assets   20 years                    
Acquisitions 2020 [Member]                        
Disclosure of intangible assets and goodwill [line items]                        
Amortization of intangible assets                       $ 19,088,689
Acquisitions 2021 [Member]                        
Disclosure of intangible assets and goodwill [line items]                        
Amortization of intangible assets                     18,873,860  
Acquisitions 2022 [Member]                        
Disclosure of intangible assets and goodwill [line items]                        
Amortization of intangible assets                   $ 18,065,088    
FiveG Licence [Member]                        
Disclosure of intangible assets and goodwill [line items]                        
Amount paid for license                     $ 2,008,503  
Licence Expiration Year                     2041 years  
Other licenses [member]                        
Disclosure of intangible assets and goodwill [line items]                        
Amount paid for license                     $ 706,900  
Twenty Twenty Business Acquisition [Member]                        
Disclosure of intangible assets and goodwill [line items]                        
Number of brands | Band             2,500 2,500        
Claro Brazil [Member] | FiveG Licence [Member]                        
Disclosure of intangible assets and goodwill [line items]                        
Amount paid for license         $ 17,789,163              
30 Mhz spectrum [member] | Twenty Twenty Business Acquisition [Member]                        
Disclosure of intangible assets and goodwill [line items]                        
Amount paid for license             $ 9,246,825 $ 30        
Estimated useful life of intangible assets             20 years 20 years        
400 MHZ [Member] | Twenty Twenty Business Acquisition [Member]                        
Disclosure of intangible assets and goodwill [line items]                        
Amount paid for license                       1,806,875
Puerto Rico Argentina Guatemala Panam And Others Countries [Member] | Twenty Twenty Business Acquisition [Member]                        
Disclosure of intangible assets and goodwill [line items]                        
Amount paid for license                       1,701,682
CTE [Member] | Twenty Twenty Business Acquisition [Member]                        
Disclosure of intangible assets and goodwill [line items]                        
Amount paid for license                 $ 620,052      
Number of pair of frequencies | Pair                 12      
Claro [Member] | Software Development Platform [Member] | BRAZIL                        
Disclosure of intangible assets and goodwill [line items]                        
Amount paid for license                   321,569    
Dominican Republic, Paraguay, Costa Rica and Colombia [Member] | Other licenses [member]                        
Disclosure of intangible assets and goodwill [line items]                        
Amount paid for license                   $ 208,866    
Slovenia [member] | Twenty Twenty Business Acquisition [Member]                        
Disclosure of intangible assets and goodwill [line items]                        
Amount paid for license                       $ 1,704,280
El Salvador [member]                        
Disclosure of intangible assets and goodwill [line items]                        
Amount paid for license           $ 139,363            
Estimated useful life of intangible assets           20 years            
Colombia [member] | Renewal of license [member]                        
Disclosure of intangible assets and goodwill [line items]                        
Amount paid for license                     $ 1,599,473  
Colombia [member] | Top of range [member] | Renewal of license [member]                        
Disclosure of intangible assets and goodwill [line items]                        
Licence Expiration Year                     3 years  
Colombia [member] | Bottom of range [member] | Renewal of license [member]                        
Disclosure of intangible assets and goodwill [line items]                        
Licence Expiration Year                     2 years  
Chile [member]                        
Disclosure of intangible assets and goodwill [line items]                        
Amount paid for license           $ 411,375            
Estimated useful life of intangible assets           10 years            
v3.23.1
Business Combinations, Acquisitions and Non-controlling Interest- Additional Information (Detail) - MXN ($)
$ in Thousands
 3 Months Ended 12 Months Ended
Oct. 06, 2022
Sep. 15, 2021
Dec. 31, 2022
Dec. 31, 2022
Apr. 20, 2022
Dec. 31, 2021
Disclosure of detailed information about business combination [line items]            
Net of cash paid     $ 14,232,166 $ 14,232,166    
Percentage of voting equity interests acquired     80.00% 80.00%    
CashTransferredWithheldForPriceAdjustment     $ 1,315,180 $ 1,315,180    
Reclassification adjustments on exchange differences on translation of foreign operations, net of tax   $ 1,750,451        
Claro Chile S A [member]            
Disclosure of detailed information about business combination [line items]            
Gain Loss Recognized In Joint Venture Transaction $ 1,138,859          
Reclassification adjustments on exchange differences on translation of foreign operations, net of tax $ 8,251,782          
Share of profit (loss) of associates and joint ventures accounted for using equity method     1,924,040      
Claro Chile S A [member] | Agreement to Commence Joint Venture [Member] | Liberty Latin America [Member]            
Disclosure of detailed information about business combination [line items]            
Proportion of ownership interest in joint venture       50.00%    
Sitios Latinoamrica SAB de CV [Member]            
Disclosure of detailed information about business combination [line items]            
Consideration transferred, acquisition-date fair value     2,582,887 $ 2,582,887    
Liabilities incurred     100,026,548 100,026,548    
Assets incurred     102,609,435 102,609,435    
Other Entities [member]            
Disclosure of detailed information about business combination [line items]            
Net of cash paid     670,051 670,051    
Additional non-controlling interest acquired     39,596 $ 39,596   $ 7,720
Jonava [Member]            
Disclosure of detailed information about business combination [line items]            
Percentage of voting equity interests acquired         100.00%  
Top of range [member] | Sitios Latinoamrica SAB de CV [Member]            
Disclosure of detailed information about business combination [line items]            
Lease Term Of Contract       10 years    
Floor Lease Expiration       10 years    
Bottom of range [member] | Sitios Latinoamrica SAB de CV [Member]            
Disclosure of detailed information about business combination [line items]            
Lease Term Of Contract       5 years    
Floor Lease Expiration       5 years    
Claro [Member]            
Disclosure of detailed information about business combination [line items]            
Percentage of voting equity interests acquired         32.00%  
Payment For Transition Services     $ 781,217 $ 781,217    
Claro [Member] | Twenty Twenty Business Acquisition [Member]            
Disclosure of detailed information about business combination [line items]            
Percentage of voting equity interests acquired         32.00%  
v3.23.1
Business Combinations, Acquisitions and Non-controlling Interest - Summary of Financial Statements and the Values of the Assets Acquired and Liabilities (Detail)
$ in Thousands
Dec. 31, 2022
MXN ($)
Disclosure of detailed information about business combination [line items]  
Current assets $ 2,815,999
Other non-current assets 3,323
Intangible assets (excluding goodwill) 2,836,537
Property, plant and equipment 1,356,916
Right-of-use 4,247,397
Total acquired assets 11,260,172
Accounts payable (10,848,303)
Other liabilities (369,141)
Total assumed liabilities (11,217,444)
Fair value of acquired assets and assumed liabilities – net of cash acquired 42,728
Acquisition price 14,232,166
Provisional goodwill $ 14,189,438
v3.23.1
Business Combinations, Acquisitions and Non-controlling Interest - Summary of Selected Financial Data From Consolidated Statements of Financial Position (Detail)
$ in Thousands, $ in Millions
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
MXN ($)
Dec. 31, 2020
MXN ($)
Dec. 31, 2019
MXN ($)
Assets:          
Current assets $ 361,003,710 $ 18,595 $ 404,156,669    
Total assets 1,618,099,344 83,347 1,689,649,849 $ 1,625,048,227  
Liabilities and equity:          
Current liabilities 488,876,954 25,181 534,012,766    
Non-current liabilities 691,393,117 35,613 701,595,357    
Total liabilities 1,180,270,071 60,794 1,235,608,123 1,309,930,609  
Equity attributable to equity holders of the parent 373,804,704 19,255 389,634,927    
Non-controlling interest 64,024,569 3,298 64,406,799    
Total equity 437,829,273 22,553 454,041,726 $ 315,117,618 $ 226,906,865
Total liabilities and equity 1,618,099,344 $ 83,347 1,689,649,849    
Subsidiaries with material non-controlling interests [member]          
Assets:          
Current assets 28,648,246   39,781,192    
Non-current assets 126,125,904   142,407,870    
Total assets 154,774,150   182,189,062    
Liabilities and equity:          
Current liabilities 50,106,617   68,795,807    
Non-current liabilities 47,420,775   58,312,238    
Total liabilities 97,527,392   127,108,045    
Equity attributable to equity holders of the parent 29,173,281   28,066,198    
Non-controlling interest 28,073,477   27,014,819    
Total equity 57,246,758   55,081,017    
Total liabilities and equity $ 154,774,150   $ 182,189,062    
v3.23.1
Business Combinations, Acquisitions and Non-controlling Interest - Summary of Consolidated Statements of Comprehensive Income (Detail)
$ in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
MXN ($)
Dec. 31, 2020
MXN ($)
Disclosure of detailed information about business combination [line items]        
Operating costs and expenses $ 673,630,645 $ 34,697 $ 663,131,202 [1] $ 666,586,280 [1]
Operating income 170,870,752 8,802 167,556,250 [1] 148,812,807 [1]
Net income 81,506,395 4,198 196,326,114 [1] 51,026,957 [1]
Total comprehensive income 42,571,962 2,192 204,185,563 [1] 104,489,719 [1]
Net income attributable to:        
Equity holders of the parent 76,159,391   192,423,167 46,852,605
Non-controlling interest 5,347,004 275 3,902,947 [1] 4,174,352 [1]
Net income 81,506,395 4,198 196,326,114 [1] 51,026,957 [1]
Comprehensive income attributable to:        
Non-controlling interest 1,612,938 83 1,767,061 [1] 18,339,601 [1]
Total comprehensive income (loss) for the year 42,571,962 $ 2,192 204,185,563 [1] 104,489,719 [1]
Subsidiaries with material non-controlling interests [member]        
Disclosure of detailed information about business combination [line items]        
Operating revenues 105,956,057   113,838,487 111,472,191
Operating costs and expenses 89,800,536   98,346,896 98,312,325
Operating income 16,155,521   15,491,591 13,159,866
Net income 11,795,662   9,104,962 7,787,388
Total comprehensive income 6,127,362   7,790,499 12,103,406
Net income attributable to:        
Equity holders of the parent 6,000,942   4,629,816 3,986,412
Non-controlling interest 5,794,720   4,475,146 3,800,976
Net income 11,795,662   9,104,962 7,787,388
Comprehensive income attributable to:        
Equity holders of the parent 3,124,955   3,973,154 6,172,737
Non-controlling interest 3,002,407   3,817,345 5,930,669
Total comprehensive income (loss) for the year $ 6,127,362   $ 7,790,499 $ 12,103,406
[1] Restated for discontinued operations
v3.23.1
Income Taxes - Summary of Composition of Income Tax Expense (Detail)
$ in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
MXN ($)
Dec. 31, 2020
MXN ($)
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]        
Income tax expense $ 46,044,089 $ 2,372 $ 32,717,477 [1] $ 13,178,171 [1]
Mexico [member]        
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]        
Current year income tax 29,865,043   24,355,240 13,407,948
Deferred income tax 3,454,279   (5,079,397) (9,334,246)
Income Tax attributable to a discontinued operation 0   26,294,422 0
Foreign [member]        
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]        
Current year income tax 17,634,494   23,397,577 11,967,527
Deferred income tax (4,909,727)   (9,955,943) (2,863,058)
Income Tax attributable to a discontinued operation $ 1,805,500   $ 7,144,249 $ 2,525,783
[1] Restated for discontinued operations
v3.23.1
Income Taxes - Summary of Deferred Tax Expense (Benefit) Related to Items Recognized in OCI (Detail) - MXN ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Major components of tax expense (income) [abstract]      
Remeasurement of defined benefit plans $ 2,651,922 $ (4,760,089) $ 4,151,600
Equity investments at fair value 8,364,109 583,892 (665,814)
Other (30,336) 0 (35,670)
Revaluation assets 0 0 (29,922,597)
Deferred tax benefit recognized in OCI $ 10,985,695 $ (4,176,197) $ (26,472,481)
v3.23.1
Income Taxes - Summary of Reconciliation of Statutory Income Tax Rate in Mexico to Consolidated Effective Income Tax Rate Recognized (Detail)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]      
Statutory income tax rate in Mexico 30.00% 30.00% 30.00%
Impact of non-deductibleand non-taxable items:      
Tax inflation effects 7.20% 7.80% 7.90%
Derivatives (0.20%) (0.90%) (0.90%)
Employee benefits 2.00% 2.60% 3.80%
Other 2.20% (2.90%) (3.10%)
Dividends received from associates Equity (0.10%) (0.70%) (1.20%)
Foreign subsidiaries and other non-deductible items, net (4.60%) 5.90% 0.50%
Effective tax rate from continuing operations 34.30% 31.20% 25.10%
Effective tax rate from discontinued operation (21.20%) (16.40%) (21.60%)
Mexico [member]      
Impact of non-deductibleand non-taxable items:      
Effective tax rate 41.20% 36.60% 37.70%
Brazil [member]      
Impact of non-deductibleand non-taxable items:      
Tax recoveries in Brazil (2.20%) (10.60%) (11.90%)
v3.23.1
Income Taxes - Summary of Analysis of Temporary Differences Giving Rise to Net Deferred Tax Liability (Detail) - MXN ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]        
Net deferred tax assets $ 98,415,751 $ 77,822,839 $ 66,303,077 $ 88,074,856
Deferred tax expense in net profit for the year 1,455,448 15,035,341 12,197,304  
Deferred tax discontinued operations 1,808,298 4,731,603 94,710  
Provisions [member]        
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]        
Net deferred tax assets 18,813,454 18,038,607    
Deferred tax expense in net profit for the year 1,759,784 1,812,523 3,866,407  
Deferred revenues [member]        
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]        
Net deferred tax assets 8,153,287 9,041,137    
Deferred tax expense in net profit for the year (688,767) 2,202,413 897,762  
Tax losses carry forward [member]        
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]        
Net deferred tax assets 33,314,653 33,954,926    
Deferred tax expense in net profit for the year 1,202,546 5,571,115 2,236,244  
Property, plant and equipment [member]        
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]        
Net deferred tax assets (18,840,025) (33,445,815)    
Deferred tax expense in net profit for the year 1,696,734 8,016,244 3,990,750  
Inventories [member]        
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]        
Net deferred tax assets 405,489 135,658    
Deferred tax expense in net profit for the year 253,932 852,888 (2,394,485)  
Licenses and rights of use [member]        
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]        
Net deferred tax assets (2,630,583) (3,668,389)    
Deferred tax expense in net profit for the year 229,244 480,502 344,729  
Employee benefits [member]        
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]        
Net deferred tax assets 36,662,123 40,246,031    
Deferred tax expense in net profit for the year (6,148,504) (354,802) 422,473  
Other [member]        
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]        
Net deferred tax assets 22,537,353 13,520,684    
Deferred tax expense in net profit for the year $ 3,150,479 $ (3,545,542) $ 2,833,424  
v3.23.1
Income Taxes - Summary of Reconciliation of Deferred Tax Assets and Liabilities, Net (Detail)
$ in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2022
MXN ($)
Dec. 31, 2021
MXN ($)
Dec. 31, 2020
MXN ($)
Dec. 31, 2022
USD ($)
Reconciliation of changes in deferred tax liability (asset) [abstract]        
Deferred Tax (Liability) Asset Beginning Balance $ 77,822,839 $ 66,303,077 $ 88,074,856  
Deferred tax benefit 1,455,448 19,623,461 12,292,014  
Translation effect (1,644,500) (727,099) 375,105  
Deferred tax benefit recognized in OCI 10,985,695 (4,176,197) (26,472,481)  
Deferred taxes acquired in business combinations (11,571)   (2,580,552)  
Hyperinflationary effect in Argentina (942,751) (3,540,962) (5,385,865)  
Disposals (Note 2Ac) (3,856,459) (1,203,203)    
Effect On SpinOff 14,607,050      
Related discontinued operation   1,543,762    
Deferred tax (liability) asset ending balance 98,415,751 77,822,839 66,303,077  
Presented in the consolidated statements of financial position as follows:        
Deferred income tax assets 128,717,811 127,287,934 115,370,240 $ 6,630
Deferred income tax liabilities (30,302,060) (49,465,095) (49,067,163) $ (1,561)
Deferred tax assets and liabilities, net $ 98,415,751 $ 77,822,839 $ 66,303,077  
v3.23.1
Income Taxes - Additional Information (Detail)
R$ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
BRL (R$)
Dec. 31, 2021
MXN ($)
Dec. 31, 2021
BRL (R$)
Dec. 31, 2020
MXN ($)
Dec. 31, 2020
BRL (R$)
Nov. 23, 2021
Dec. 31, 2019
MXN ($)
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                
Effective income tax rate for foreign jurisdiction 17.40% 17.40% 19.30% 19.30% 16.20% 16.20%    
Percentage of share with voting right 80.00%              
Accounting profit $ 1,163,081 R$ 297,880 $ 1,431,164 R$ 380,373 $ 1,721,453 R$ 411,336    
Adjustments For Deferred Tax Of Prior Periods     2,647,919 703,761        
Excess On Deferred Income Tax     2,076,594 551,915        
Excess On Current Income Tax     571,325 R$ 151,846        
Deductible temporary differences for which no deferred tax asset is recognised 187,830,823   218,859,473          
Deferred Tax Liability Asset (98,415,751)   (77,822,839)   $ (66,303,077)     $ (88,074,856)
Discontinued operations [member] | Tracfone Wireless Inc Tracfone [member] | Verizon Communications Inc [Member]                
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                
Percentage of ownership interest in subsidiary sold             100.00%  
Tax Profit On Sale of Subsidiary     93,968,555          
Brazil [member]                
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                
Net operating loss carryforwards $ 72,498,097              
Effective taxable income percentage carryforward 30.00% 30.00%            
Tax Losses Reserved For Future Utilisation $ 14,701,405              
Mexico [member]                
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                
Accumulated tax loss 26,969,956              
Tax Losses Reserved For Future Utilisation $ 14,701,405              
Euros [member]                
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                
Effective taxable income percentage carryforward 75.00% 75.00%            
Accumulated tax loss $ 1,882,415              
Bottom of range [member]                
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                
Statutory tax rates 10.00% 10.00%            
Top of range [member]                
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                
Statutory tax rates 35.00% 35.00%            
CUCA [member]                
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                
Contributed capital account $ 654,631,901   612,351,412          
CUFIN [member]                
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                
Contributed capital account 533,076,863   431,249,107          
Retained earnings                
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                
Deferred Tax Liability Asset $ 902,508   $ 1,621,040          
v3.23.1
Income Taxes - Available Tax Loss Carryforwards Recorded in Deferred Tax Assets (Detail)
$ in Thousands
Dec. 31, 2022
MXN ($)
Disclosure of tax losses available for carryforward [line items]  
Gross balance of available tax loss carryforwards at December 31, 2020 $ 101,696,165
Tax-effected loss carryforward benefit 33,314,653
Brazil [member]  
Disclosure of tax losses available for carryforward [line items]  
Gross balance of available tax loss carryforwards at December 31, 2020 72,498,097
Tax-effected loss carryforward benefit 24,649,353
Mexico [member]  
Disclosure of tax losses available for carryforward [line items]  
Gross balance of available tax loss carryforwards at December 31, 2020 26,969,956
Tax-effected loss carryforward benefit 8,090,987
Peru [member]  
Disclosure of tax losses available for carryforward [line items]  
Gross balance of available tax loss carryforwards at December 31, 2020 345,697
Tax-effected loss carryforward benefit 103,709
Europe [Member]  
Disclosure of tax losses available for carryforward [line items]  
Gross balance of available tax loss carryforwards at December 31, 2020 1,882,415
Tax-effected loss carryforward benefit $ 470,604
v3.23.1
Debt - Summary of Short- and Long-Term Debt (Detail)
$ in Millions
 12 Months Ended
Dec. 31, 2022
MXN ($)
Dec. 31, 2021
MXN ($)
Dec. 31, 2022
USD ($)
Disclosure of detailed information about borrowings [line items]      
Total Debt $ 510,589,480,000 $ 564,030,102,000  
Less: Short-term debt and current portion of long-term debt 102,024,414,000 145,222,672,000 $ 5,255
Long-term debt 408,565,066,000 418,807,430,000 $ 21,045
Hybrid Notes [member]      
Disclosure of detailed information about borrowings [line items]      
Total Debt   12,882,081,000  
Lines of credit [member]      
Disclosure of detailed information about borrowings [line items]      
Total Debt 17,076,000,000 84,856,000,000  
Less: Short-term debt and current portion of long-term debt 65,325,561,000 84,856,270,000  
Finance Lease [member]      
Disclosure of detailed information about borrowings [line items]      
Less: Short-term debt and current portion of long-term debt 0 13,350,000  
Line of credit and others [member]      
Disclosure of detailed information about borrowings [line items]      
Total Debt 71,560,463,000 84,904,014,000  
U.S. dollars [member]      
Disclosure of detailed information about borrowings [line items]      
Total Debt $ 164,945,155,000 $ 159,533,549,000  
U.S. dollars [member] | Fixed-rate Senior notes interest rate 3.625% maturing 2029 [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 3.625% 3.625% 3.625%
Borrowings maturity 2029 2029  
Total Debt $ 19,414,300,000 $ 20,583,500,000  
U.S. dollars [member] | Fixed-rate Senior notes interest rate 6.375% maturing 2035 [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 6.375% 6.375% 6.375%
Borrowings maturity 2035 2035  
Total Debt $ 19,051,835,000 $ 20,199,206,000  
U.S. dollars [member] | Fixed-rate Senior notes interest rate 6.125% maturing 2037 [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 6.125% 6.125% 6.125%
Borrowings maturity 2037 2037  
Total Debt $ 7,168,245,000 $ 7,599,943,000  
U.S. dollars [member] | Fixed-rate Senior notes interest rate 6.125% maturing 2040 [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 6.125% 6.125% 6.125%
Borrowings maturity 2040 2040  
Total Debt $ 38,741,430,000 $ 41,167,000,000  
U.S. dollars [member] | Fixed Rate Senior Notes Interest Rate 4.375% Maturing 2042 [Member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 4.375% 4.375% 4.375%
Borrowings maturity 2042 2042  
Total Debt $ 22,326,445,000 $ 23,671,025,000  
U.S. dollars [member] | Fixed-rate Senior notes interest rate 4.375% maturing 2049 [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 4.375% 4.375% 4.375%
Borrowings maturity 2049 2049  
Total Debt $ 24,267,875,000 $ 25,729,375,000  
U.S. dollars [member] | Lines of credit [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 5.05%   5.05%
Borrowings maturity 2023 2022  
Total Debt $ 491,750,000 $ 14,723,980,000  
U.S. dollars [member] | Fixed-rate Senior notes interest rate 2.875% maturing 2030      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 2.875%   2.875%
U.S. dollars [member] | Fixed Rate Senior Notes Interest Rate 2.875% Maturing 2030      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate   2.875%  
Borrowings maturity 2030 2030  
Total Debt $ 19,414,300,000 $ 20,583,500,000  
U.S. dollars [member] | Fixed rate senior notes interest rate 4.700% maturing 2032 [Member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 4.70%   4.70%
Borrowings maturity 2032    
Total Debt $ 14,560,725,000    
U.S. dollars [member] | Bottom of range [member] | Lines of credit [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate   0.35%  
U.S. dollars [member] | Top of range [member] | Lines of credit [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate   0.70%  
Mexican pesos [member]      
Disclosure of detailed information about borrowings [line items]      
Total Debt $ 53,554,397,000 $ 51,656,585,000  
Mexican pesos [member] | Fixed Rate Senior Notes Interest Rate 6.450% Maturing 2022 [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate   6.45%  
Borrowings maturity   2022  
Total Debt   $ 22,500,000,000  
Mexican pesos [member] | Fixed Rate Senior Notes Interest Rate 7.125% Maturing 2024 [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 7.125% 7.125% 7.125%
Borrowings maturity 2024 2024  
Total Debt $ 11,000,000,000 $ 11,000,000,000  
Mexican pesos [member] | Domestic Senior Notes Interest Rate 0.000% Maturing 2025 [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 0.00% 0.00% 0.00%
Borrowings maturity 2025 2025  
Total Debt $ 5,683,928,000 $ 5,284,885,000  
Mexican pesos [member] | Fixed Rate Senior Notes Interest Rate 8.460% Maturing 2036 [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 8.46% 8.46% 8.46%
Borrowings maturity 2036 2036  
Total Debt $ 7,871,700,000 $ 7,871,700,000  
Mexican pesos [member] | Domestic Senior Notes Interest Rate 8.360% Maturing 2037 [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 8.36% 8.36% 8.36%
Borrowings maturity 2037 2037  
Total Debt $ 4,964,352,000 $ 5,000,000,000  
Mexican pesos [member] | Lines of credit [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings maturity 2023 2022  
Total Debt $ 43,580,000,000 $ 34,080,000,000  
Mexican pesos [member] | Domestic senior notes interest rate 0.050% maturing 2024 [Member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings maturity 2024    
Total Debt $ 1,920,231,000    
Mexican pesos [member] | Domestic Senior Notes Interest Rate 0.300% Maturing 2025 [Member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings maturity 2025    
Total Debt $ 335,731,000    
Mexican pesos [member] | Domestic Senior Notes Interest Rate 9.520% Maturing 2032 [Member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 9.52%   9.52%
Borrowings maturity 2032    
Total Debt $ 14,679,166,000    
Mexican pesos [member] | Domestic Senior Notes Interest Rate 4.840% Maturing 2037 [Member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 4.84%   4.84%
Borrowings maturity 2037    
Total Debt $ 7,099,289,000    
Euros [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate   0.00%  
Total Debt $ 129,358,533,000 $ 167,396,781,000  
Euros [member] | Hybrid Notes [member]      
Disclosure of detailed information about borrowings [line items]      
Total Debt   $ 12,882,081,000  
Euros [member] | Fixed rate senior notes interest rate 4.000% maturing 2022 [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate   4.00%  
Borrowings maturity   2022  
Total Debt   $ 17,566,473,000  
Euros [member] | Fixed rate senior notes interest rate 3.500% maturing 2023 [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 3.50% 3.50% 3.50%
Borrowings maturity 2023 2023  
Total Debt $ 6,234,902,000 $ 7,026,589,000  
Euros [member] | Fixed rate senior notes interest rate 3.259% maturing 2023 [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 3.259% 3.259% 3.259%
Borrowings maturity 2023 2023  
Total Debt $ 15,587,256,000 $ 17,566,474,000  
Euros [member] | Fixed rate senior notes interest rate 1.500% maturing 2024 [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 1.50% 1.50% 1.50%
Borrowings maturity 2024 2024  
Total Debt $ 17,665,557,000 $ 19,908,670,000  
Euros [member] | Fixed rate senior notes interest rate 1.500% maturing 2026 [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 1.50% 1.50% 1.50%
Borrowings maturity 2026 2026  
Total Debt $ 15,587,256,000 $ 17,566,473,000  
Euros [member] | Fixed rate senior notes interest rate 0.750% maturing 2027 [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 0.75% 0.75% 0.75%
Borrowings maturity 2027 2027  
Total Debt $ 15,708,525,000 $ 23,421,965,000  
Euros [member] | Fixed rate senior notes interest rate 2.125% maturing 2028 [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 2.125% 2.125% 2.125%
Borrowings maturity 2028 2028  
Total Debt $ 12,395,194,000 $ 15,224,277,000  
Euros [member] | Euro Nc10 series B capital securities interest rate 6.375% maturing 2073 [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate   6.375%  
Euros [member] | Euro Nc10 series B capital securities interest rate 6.375% maturing 2073 [member] | Hybrid Notes [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings maturity   2073  
Total Debt   $ 12,882,081,000  
Euros [member] | Lines of credit [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings maturity   2022  
Total Debt $ 17,052,458,000 $ 18,737,572,000  
Euros [member] | Exchangable Bonds Interest Rate 0.000% Maturing 2024      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 0.00%   0.00%
Borrowings maturity 2024 2024  
Total Debt $ 43,581,968,000 $ 49,115,860,000  
Euros [member] | Commercial Paper Four Interest Rate 2.020% Maturing 2023 [Member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 2.02%   2.02%
Borrowings maturity 2023    
Total Debt $ 519,575,000    
Euros [member] | Commercial Paper Four Interest Rate 2.010% Maturing 2023 [Member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 2.01%   2.01%
Borrowings maturity 2023    
Total Debt $ 1,039,150,000    
Euros [member] | Commercial Paper Four Interest Rate 2.270% Maturing 2023 [Member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 2.27%   2.27%
Borrowings maturity 2023    
Total Debt $ 519,575,000    
Euros [member] | Commercial Paper Four Interest Rate 2.150% Maturing 2023 [Member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 2.15%   2.15%
Borrowings maturity 2023    
Total Debt $ 519,575,000    
Euros [member] | Bottom of range [member] | Lines of credit [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 2.083% 0.40% 2.083%
Borrowings maturity 2023    
Euros [member] | Top of range [member] | Lines of credit [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 2.65% 0.45% 2.65%
Borrowings maturity 2024    
Pound sterling [member]      
Disclosure of detailed information about borrowings [line items]      
Total Debt $ 51,608,257,000 $ 61,268,846,000  
Pound sterling [member] | Fixed rate senior notes interest rate 5.000% maturing 2026 [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 5.00% 5.00% 5.00%
Borrowings maturity 2026 2026  
Total Debt $ 11,729,149,000 $ 13,924,738,000  
Pound sterling [member] | Fixed rate senior notes interest rate 5.750% maturing 2030 [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 5.75% 5.75% 5.75%
Borrowings maturity 2030 2030  
Total Debt $ 15,247,894,000 $ 18,102,159,000  
Pound sterling [member] | Fixed rate senior notes interest rate 4.948% maturing 2033 [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 4.375% 4.948% 4.375%
Borrowings maturity 2033 2033  
Total Debt $ 7,037,490,000 $ 8,354,843,000  
Pound sterling [member] | Fixed rate senior notes interest rate 4.375% maturing 2041 [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 4.948% 4.375% 4.948%
Borrowings maturity 2041 2041  
Total Debt $ 17,593,724,000 $ 20,887,106,000  
Brazilian reais [member]      
Disclosure of detailed information about borrowings [line items]      
Total Debt $ 33,673,729,000 $ 20,286,578,000  
Brazilian reais [member] | Promissory Note 106.000% of CDI maturing 2022 [member]      
Disclosure of detailed information about borrowings [line items]      
Interbank certificate of deposit interest rate basis   106.000% of CDI  
Total Debt   $ 7,376,937,000  
Brazilian reais [member] | Promissory Note 106.500% of CDI maturing 2022 [member]      
Disclosure of detailed information about borrowings [line items]      
Interbank certificate of deposit interest rate basis   106.500% of CDI  
Brazilian reais [member] | Lines of credit [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 13.32%   13.32%
Borrowings maturity 2023    
Total Debt $ 6,105,177,000    
Brazilian reais [member] | Debenture 106.500% of CDI maturing 2022 [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings maturity   2022  
Total Debt   $ 3,688,469,000  
Brazilian reais [member] | Debenture CDI + 0.960% maturing 2022 [member]      
Disclosure of detailed information about borrowings [line items]      
Interbank certificate of deposit interest rate basis   CDI + 0.960%  
Borrowings maturity   2022  
Adjustment of interbank certificate of deposit   0.96%  
Total Debt   $ 9,221,172,000  
Brazilian reais [member] | Debenture CDI + 0.960% Maturing 2021      
Disclosure of detailed information about borrowings [line items]      
Borrowings maturity   2022  
Brazilian reais [member] | Debenture CDI + 1.350% Maturing 2023      
Disclosure of detailed information about borrowings [line items]      
Interbank certificate of deposit interest rate basis CDI + 1.350    
Borrowings maturity 2023    
Adjustment of interbank certificate of deposit 1.35%    
Total Debt $ 9,302,135,000    
Brazilian reais [member] | Promissory Note CDI + 1.000% maturing 2023      
Disclosure of detailed information about borrowings [line items]      
Interbank certificate of deposit interest rate basis CDI + 1.000    
Borrowings maturity 2023    
Adjustment of interbank certificate of deposit 1.00%    
Total Debt $ 2,976,683,000    
Brazilian reais [member] | Debenture CDI + 1.400% Maturing 2024      
Disclosure of detailed information about borrowings [line items]      
Interbank certificate of deposit interest rate basis CDI + 1.400    
Borrowings maturity 2024    
Adjustment of interbank certificate of deposit 1.40%    
Total Debt $ 15,813,630,000    
Brazilian reais [member] | Debenture CDI + 1.370% Maturing 2025      
Disclosure of detailed information about borrowings [line items]      
Interbank certificate of deposit interest rate basis CDI + 1.370    
Borrowings maturity 2025    
Adjustment of interbank certificate of deposit 1.37%    
Total Debt $ 5,581,281,000    
Japanese yen [member]      
Disclosure of detailed information about borrowings [line items]      
Total Debt $ 1,924,847,000 $ 2,325,617,000  
Japanese yen [member] | Fixed rate senior notes interest rate 2.950% maturing 2039 [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 2.95% 2.95% 2.95%
Borrowings maturity 2039 2039  
Total Debt $ 1,924,847,000 $ 2,325,617,000  
Chilean pesos [member]      
Disclosure of detailed information about borrowings [line items]      
Total Debt $ 3,964,099,000 $ 3,776,051,000  
Chilean pesos [member] | Fixed rate senior notes interest rate 3.961% maturing 2035 [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 4.00% 3.961% 4.00%
Borrowings maturity   2035  
Total Debt   $ 3,776,051,000  
Chilean pesos [member] | Lines of credit [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings maturity   2022  
Total Debt   $ 7,419,372,000  
Chilean pesos [member] | Finance Lease [member]      
Disclosure of detailed information about borrowings [line items]      
Total Debt   $ 47,743,000  
Chilean pesos [member] | Fixed rate senior notes interest rate 4.000% maturing 2035      
Disclosure of detailed information about borrowings [line items]      
Borrowings maturity 2035    
Total Debt $ 3,964,099,000    
Chilean pesos [member] | Bottom of range [member] | Lines of credit [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate   8.70%  
Chilean pesos [member] | Bottom of range [member] | Finance Lease [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings maturity   2022  
Chilean pesos [member] | Top of range [member] | Lines of credit [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate   8.97%  
Chilean pesos [member] | Top of range [member] | Finance Lease [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings maturity   2027  
Other currencies [member]      
Disclosure of detailed information about borrowings [line items]      
Total Debt 5,888,946,000 $ 6,101,668,000  
Less: Short-term debt and current portion of long-term debt 102,024,414,000 145,222,672,000  
Long-term debt $ 408,565,066,000 $ 418,807,430,000  
Other currencies [member] | Lines of credit [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 11.00% 15.79% 11.00%
Borrowings maturity 2023 2022  
Total Debt $ 23,543,000 $ 80,279,000  
Peruvian Soles [Member] | Lines of credit [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate 6.00%   6.00%
Borrowings maturity 2023 2022  
Total Debt $ 4,142,056,000 $ 9,815,068,000  
Peruvian Soles [Member] | Bottom of range [member] | Lines of credit [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate   0.976%  
Peruvian Soles [Member] | Top of range [member] | Lines of credit [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings interest rate   1.045%  
Colombia, Pesos | Lines of credit [member]      
Disclosure of detailed information about borrowings [line items]      
Borrowings maturity 2023    
Total Debt $ 165,479,000    
v3.23.1
Debt - Additional Information (Detail)
$ in Thousands, € in Millions, $ in Millions
 12 Months Ended
Dec. 31, 2022
MXN ($)
Dec. 31, 2021
MXN ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2022
EUR (€)
Nov. 28, 2022
MXN ($)
Aug. 31, 2020
EUR (€)
Disclosure of detailed information about borrowings [line items]            
Weighted average cost of borrowed funds 5.38% 3.78%        
Subtotal lines of credit and others $ 510,589,480 $ 564,030,102        
Borrowings month in which the amount may be called 2023-05          
Senior Notes [Member]            
Disclosure of detailed information about borrowings [line items]            
Notional amount         $ 50,000,000  
Senior Notes [Member] | AMX 22-2 [Member]            
Disclosure of detailed information about borrowings [line items]            
Notes and debentures issued         24,002,000  
Senior Notes [Member] | AMX 22X [Member]            
Disclosure of detailed information about borrowings [line items]            
Notes and debentures issued         24,002,000  
Senior Notes [Member] | AMX 22UX [Member]            
Disclosure of detailed information about borrowings [line items]            
Notes and debentures issued         $ 24,002,000  
Euros [member]            
Disclosure of detailed information about borrowings [line items]            
Subtotal lines of credit and others $ 129,358,533 167,396,781        
Hybrid Notes [member]            
Disclosure of detailed information about borrowings [line items]            
Subtotal lines of credit and others   12,882,081        
Percentage of securities received 88.60%   88.60% 88.60%    
Hybrid Notes [member] | Euros [member]            
Disclosure of detailed information about borrowings [line items]            
Subtotal lines of credit and others   12,882,081        
Revolving Syndicated Credit Facility One [member]            
Disclosure of detailed information about borrowings [line items]            
Loan amount     $ 1,500      
Borrowings, maturity 2026          
Revolving Syndicated Credit Facility Two [member]            
Disclosure of detailed information about borrowings [line items]            
Loan amount     $ 2,500      
Borrowings, maturity 2024          
Syndicated revolving credit facilities [member] | Telekom Austria [member] | Euros [member]            
Disclosure of detailed information about borrowings [line items]            
Loan amount | €       € 1,000    
Series One Hybrid Notes [member]            
Disclosure of detailed information about borrowings [line items]            
Loan amount | €       € 550    
Hybrid Notes [member]            
Disclosure of detailed information about borrowings [line items]            
Borrowings, maturity 2073          
Lines of credit [member]            
Disclosure of detailed information about borrowings [line items]            
Subtotal lines of credit and others $ 17,076,000 $ 84,856,000        
Lines of credit [member] | Euros [member]            
Disclosure of detailed information about borrowings [line items]            
Borrowings, maturity   2022        
Subtotal lines of credit and others 17,052,458 $ 18,737,572        
Commercial Paper [member] | Commercial Paper One Two Three And Four Maturing In Two Thousand And Twenty Three [Member]            
Disclosure of detailed information about borrowings [line items]            
Commercial papers issued 2,598,000         € 2,000
Line of credit and others [member]            
Disclosure of detailed information about borrowings [line items]            
Subtotal lines of credit and others $ 71,560,463 $ 84,904,014        
Mexico [member]            
Disclosure of detailed information about borrowings [line items]            
Commissions or the reimbursements for Mexican tax withholdings 4.90%          
v3.23.1
Debt - Summary of Short Term Debt Maturities (Detail)
$ in Millions
 12 Months Ended
Dec. 31, 2022
MXN ($)
Dec. 31, 2021
MXN ($)
Dec. 31, 2022
USD ($)
Disclosure of detailed information about borrowings [line items]      
Short-term debt $ 102,024,414,000 $ 145,222,672,000 $ 5,255
Weighted average interest rate 8.50% 4.02%  
Senior Notes 1 [member] | Obligations and senior notes [member]      
Disclosure of detailed information about borrowings [line items]      
Short-term debt $ 36,698,853,000 $ 60,353,052,000  
Lines of credit [member]      
Disclosure of detailed information about borrowings [line items]      
Short-term debt 65,325,561,000 84,856,270,000  
Finance Lease [member]      
Disclosure of detailed information about borrowings [line items]      
Short-term debt $ 0 $ 13,350,000  
v3.23.1
Debt - Summary of Long Term Debt Maturities (Detail)
$ in Thousands, $ in Millions
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
MXN ($)
Disclosure of detailed information about borrowings [line items]      
Long-term debt $ 408,565,066 $ 21,045 $ 418,807,430
2024      
Disclosure of detailed information about borrowings [line items]      
Long-term debt 96,216,288    
2025      
Disclosure of detailed information about borrowings [line items]      
Long-term debt 11,600,939    
2026      
Disclosure of detailed information about borrowings [line items]      
Long-term debt 27,316,405    
2027 and thereafter      
Disclosure of detailed information about borrowings [line items]      
Long-term debt $ 273,431,434    
v3.23.1
Debt - Summary of Senior Notes Outstanding (Detail) - MXN ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Disclosure of Senior Notes Outstanding [Line Items]    
Borrowings $ 510,589,480 $ 564,030,102
U.S. dollars [member]    
Disclosure of Senior Notes Outstanding [Line Items]    
Borrowings 164,945,155 159,533,549
Mexican pesos [member]    
Disclosure of Senior Notes Outstanding [Line Items]    
Borrowings 53,554,397 51,656,585
Euros [member]    
Disclosure of Senior Notes Outstanding [Line Items]    
Borrowings 129,358,533 167,396,781
Pound sterling [member]    
Disclosure of Senior Notes Outstanding [Line Items]    
Borrowings 51,608,257 61,268,846
Japanese yen [member]    
Disclosure of Senior Notes Outstanding [Line Items]    
Borrowings 1,924,847 2,325,617
Brazilian reais [member]    
Disclosure of Senior Notes Outstanding [Line Items]    
Borrowings 33,673,729 20,286,578
Chilean pesos [member]    
Disclosure of Senior Notes Outstanding [Line Items]    
Borrowings 3,964,099 3,776,051
Senior Notes 1 [member] | U.S. dollars [member]    
Disclosure of Senior Notes Outstanding [Line Items]    
Borrowings 164,945,155 159,533,549
Senior Notes 1 [member] | Mexican pesos [member]    
Disclosure of Senior Notes Outstanding [Line Items]    
Borrowings 53,554,397 51,656,585
Senior Notes 1 [member] | Euros [member]    
Disclosure of Senior Notes Outstanding [Line Items]    
Borrowings 129,358,533 167,396,781
Senior Notes 1 [member] | Pound sterling [member]    
Disclosure of Senior Notes Outstanding [Line Items]    
Borrowings 51,608,257 61,268,846
Senior Notes 1 [member] | Japanese yen [member]    
Disclosure of Senior Notes Outstanding [Line Items]    
Borrowings 1,924,847 2,325,617
Senior Notes 1 [member] | Brazilian reais [member]    
Disclosure of Senior Notes Outstanding [Line Items]    
Borrowings 33,673,729 20,286,578
Senior Notes 1 [member] | Chilean pesos [member]    
Disclosure of Senior Notes Outstanding [Line Items]    
Borrowings $ 3,964,099 $ 3,776,051
v3.23.1
Liability related to right of use of assets - Schedule of detailed information about right-of-use assets and lease liabilities (Detail)
$ in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
MXN ($)
Dec. 31, 2020
MXN ($)
Disclosure Right of use Assets and Lease liabilities [Line Items]        
As of January 1 $ 90,372,393   $ 101,976,844  
As of January 1 90,372,393   101,976,844 $ 118,003,223
Additions and release 48,996,728   4,680,419 7,569,964
Business combinations 4,252,773      
Modifications 17,235,004   12,968,719 6,572,362
Depreciation (28,984,861)   (25,525,305) (26,759,221)
Disposals (821,901)      
Transfers (404,843)      
Translation adjustment (8,771,197)   (3,728,284) (3,409,484)
Balance at December 31 121,874,096 $ 6,278 90,372,393 101,976,844
As of January 1 98,654,225      
Interest expense 8,903,397   7,129,251 8,800,153
Payments (33,823,287) $ (1,742) (30,544,750) (29,623,565)
Balance at December 31 134,148,811   98,654,225  
Towers and sites [member]        
Disclosure Right of use Assets and Lease liabilities [Line Items]        
As of January 1 76,557,028   85,218,875 96,102,449
Additions and release 42,958,221   3,145,941 5,745,869
Business combinations 4,247,042      
Modifications 11,859,492   10,945,985 8,559,335
Depreciation (22,858,868)   (19,849,598) (20,672,460)
Disposals (696,904)      
Transfers (165,779)      
Translation adjustment (5,680,583)   (2,904,175) (4,516,318)
Balance at December 31 106,219,649   76,557,028 85,218,875
Property [member]        
Disclosure Right of use Assets and Lease liabilities [Line Items]        
As of January 1 9,936,705   12,205,435 17,439,370
Additions and release 574,801   482,456 309,576
Business combinations 318      
Modifications 3,584,607   1,024,573 (3,035,831)
Depreciation (3,369,095)   (3,086,201) (3,235,914)
Disposals (88,303)      
Transfers (126,763)      
Translation adjustment (1,289,832)   (689,558) 728,234
Balance at December 31 9,222,438   9,936,705 12,205,435
Office equipment [member]        
Disclosure Right of use Assets and Lease liabilities [Line Items]        
As of January 1 3,878,660   4,552,534 4,461,404
Additions and release 5,463,706   1,052,022 1,514,519
Business combinations 5,413      
Modifications 1,790,905   998,161 1,048,858
Depreciation (2,756,898)   (2,589,506) (2,850,847)
Disposals (36,694)      
Transfers (112,301)      
Translation adjustment (1,800,782)   (134,551) 378,600
Balance at December 31 6,432,009   3,878,660 4,552,534
Liability related to right-of-use of assets [member]        
Disclosure Right of use Assets and Lease liabilities [Line Items]        
As of January 1 98,654,225   109,327,241 120,596,733
Additions and release 44,134,101   3,060,042 4,833,959
Business Combinations 9,129,255      
Modifications 19,038,741   12,535,394 7,769,326
Interest expense 8,903,397   7,129,251 8,800,153
Payments (33,823,287)   (30,544,750) (29,623,565)
Disposals (1,044,480)      
Transfers (438,571)      
Translation adjustment (10,404,570)   (2,852,953) (3,049,365)
Balance at December 31 $ 134,148,811   $ 98,654,225 $ 109,327,241
v3.23.1
Liability related to right of use of assets - Schedule of maturity of lease liabilities (Detail)
$ in Thousands, $ in Millions
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
MXN ($)
Disclosure of maturity analysis of operating lease payments [line items]      
Short term $ 32,902,237 $ 1,695 $ 27,632,357
Long term 101,246,574 $ 5,215 71,021,868
Total $ 134,148,811   $ 98,654,225
v3.23.1
Liability related to right of use of assets - Summary of Long Term Debt Maturities (Detail)
$ in Thousands, $ in Millions
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
MXN ($)
Disclosure of detailed information about borrowings [line items]      
Long-term debt $ 101,246,574 $ 5,215 $ 71,021,868
2024      
Disclosure of detailed information about borrowings [line items]      
Long-term debt 7,958,375    
2025      
Disclosure of detailed information about borrowings [line items]      
Long-term debt 10,209,699    
2026      
Disclosure of detailed information about borrowings [line items]      
Long-term debt 20,897,718    
2027      
Disclosure of detailed information about borrowings [line items]      
Long-term debt 14,326,772    
2028      
Disclosure of detailed information about borrowings [line items]      
Long-term debt 17,580,798    
2029 and thereafter      
Disclosure of detailed information about borrowings [line items]      
Long-term debt $ 30,273,212    
v3.23.1
Liability related to right of use of assets - Summary of lease cost recognized expenses (Detail) - MXN ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement [line items]      
Depreciation expense of right-of-use assets $ 28,984,861 $ 25,525,305 $ 26,759,221
Interest expense on lease liabilities 8,903,397 7,129,251 8,800,153
Expense relating to short-term leases 24,234 29,833 32,238
Expense relating to leases of low-value assets 886 685 2,883
Variable lease payments 65,520 68,236 78,494
Total 37,978,898 32,753,310 35,672,989
Other [Member]      
Statement [line items]      
Depreciation expense of right-of-use assets 18,095,871 19,932,317 22,404,924
Interest expense on lease liabilities 6,395,988 6,212,774 7,081,693
Expense relating to short-term leases 24,234 29,833 32,238
Expense relating to leases of low-value assets 886 685 2,883
Variable lease payments 65,520 68,236 78,494
Total 24,582,499 26,243,845 29,600,232
Related Party [Member]      
Statement [line items]      
Depreciation expense of right-of-use assets 10,888,990 5,592,988 4,354,297
Interest expense on lease liabilities 2,507,409 916,477 1,718,460
Expense relating to short-term leases     0
Total $ 13,396,399 $ 6,509,465 $ 6,072,757
v3.23.1
Liability related to right of use of assets - Additional Information (Detail)
$ in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
MXN ($)
Dec. 31, 2020
MXN ($)
Statement [line items]        
Right of use assets $ 121,874,096 $ 6,278 $ 90,372,393 $ 101,976,844
Lease liabilities 134,148,811   98,654,225  
Amendment of IFRS 16 [Member]        
Statement [line items]        
Adjustment to accrued lease liability 37,642      
Related Party [Member]        
Statement [line items]        
Right of use assets 64,582,841   14,785,012  
Lease liabilities $ 65,686,036   $ 16,212,629  
v3.23.1
Accounts Payable, Accrued Liabilities and Asset Retirement Obligations - Components of the accounts payable (Detail)
$ in Thousands, $ in Millions
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
MXN ($)
Accounts payable and accrued liabilities [abstract]      
Suppliers $ 69,238,025   $ 87,942,106
Sundry creditors 95,270,108   107,111,390
Interest payable 6,671,247   6,827,225
Guarantee deposits from customers 833,424   1,577,424
Dividends payable 2,459,965   3,029,536
Total $ 174,472,769 $ 8,987 $ 206,487,681
v3.23.1
Accounts Payable, Accrued Liabilities and Asset Retirement Obligations - Summary of Balance of Accrued Liabilities (Detail)
$ in Thousands, $ in Millions
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
MXN ($)
Current liabilities      
Direct employee benefits payable $ 20,964,474   $ 20,052,946
Provisions 35,850,857   34,338,518
Total $ 56,815,331 $ 2,926 $ 54,391,464
v3.23.1
Accounts Payable, Accrued Liabilities and Asset Retirement Obligations - Summary of Movements in Contingent Liabilities (Detail) - MXN ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Disclosure of contingent liabilities [abstract]    
Beginning balance $ 34,338,518 $ 31,326,691
Effect of translation 1,430,535 1,556,950
Increase of the year 5,236,368 7,425,182
Applications payments (3,864,013) (4,079,190)
Applications reversals (1,290,551) (1,891,115)
Ending balance $ 35,850,857 $ 34,338,518
v3.23.1
Accounts Payable, Accrued Liabilities and Asset Retirement Obligations - Summary of Movements in Asset Retirement Obligations (Detail) - MXN ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Disclosure of asset retirement obligations [abstract]    
Beginning balance $ 16,752,223 $ 17,887,991
Business combination 156,578  
Spin off effects [1] (4,257,531)  
Effect of translation (1,138,217) (910,181)
Increase of the year 350,802 1,273,201
Applications payments (201,523) (148,634)
Applications reversals (862,335) [2] (1,350,154)
Ending balance $ 10,799,997 $ 16,752,223
[1] See Note 12d.
[2] Reversals includes the sale of Claro Panama and Claro Chile disposal as a joint venture. See Note 12b.
v3.23.1
Commitments and Contingencies - Additional Information (Detail)
R$ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2022
BRL (R$)
Dec. 31, 2022
MXN ($)
Dec. 31, 2018
MXN ($)
Dec. 31, 2022
MXN ($)
Disclosure of commitments and contingencies [line items]        
Fine imposed on sanction procedure initiated by triggered breach     $ 2,543,937  
Monetary correction in a total amount of regulatory matters R$ 4,358,000 $ 16,215,464    
Value Added Tax [Member]        
Disclosure of commitments and contingencies [line items]        
Tax contingencies amount 9,573,491     $ 35,621,523
Provision for taxes [member] | Value Added Tax [Member]        
Disclosure of commitments and contingencies [line items]        
Provision 944,747     3,515,261
Provision for taxes [member] | Social Contribution [Member]        
Disclosure of commitments and contingencies [line items]        
Provision 1,093,047     4,067,063
Provision for taxes [member] | Social Integration Program [Member]        
Disclosure of commitments and contingencies [line items]        
Provision 1,497,679     5,572,638
Provision for taxes [member] | Allegedly Improper Exclusion [Member]        
Disclosure of commitments and contingencies [line items]        
Provision 394,774     1,468,894
Provision for taxes [member] | Tax Credit Related to Income Tax and Social Contribution Over Profits [Member]        
Disclosure of commitments and contingencies [line items]        
Provision 22,565     83,960
Provision for taxes [member] | Contribute To The Promotion Of Public Radio Broadcasting [Member]        
Disclosure of commitments and contingencies [line items]        
Provision 1,094,825     4,073,679
Provision for taxes [member] | Telecommunications Technology Development Fund [Member]        
Disclosure of commitments and contingencies [line items]        
Provision 116     431
Provision for taxes [member] | Services Tax [Member]        
Disclosure of commitments and contingencies [line items]        
Provision 12,343     45,926
Provision for taxes [member] | IRRF And Cide Taxes And Remittances To Foreign Operators [Member]        
Disclosure of commitments and contingencies [line items]        
Provision R$ 34,269     127,509
Agencia Nacional de telecomunicacoes [member]        
Disclosure of commitments and contingencies [line items]        
Inflation-related adjustments applicable to percentage of concessions price 60.00% 60.00%    
Related matters [member] | Provision for taxes [member]        
Disclosure of commitments and contingencies [line items]        
Provision R$ 5,142,909     19,135,992
Tax contingent liability [member] | Social Contribution [Member]        
Disclosure of commitments and contingencies [line items]        
Tax contingencies amount 4,333,989     16,126,122
Tax contingent liability [member] | Social Integration Program [Member]        
Disclosure of commitments and contingencies [line items]        
Tax contingencies amount 5,017,060     18,667,727
Tax contingent liability [member] | Allegedly Improper Exclusion [Member]        
Disclosure of commitments and contingencies [line items]        
Tax contingencies amount 3,559,147     13,243,052
Tax contingent liability [member] | Tax Credit Related to Income Tax and Social Contribution Over Profits [Member]        
Disclosure of commitments and contingencies [line items]        
Tax contingencies amount 2,115,128     7,870,074
Tax contingent liability [member] | Contribute To The Promotion Of Public Radio Broadcasting [Member]        
Disclosure of commitments and contingencies [line items]        
Tax contingencies amount 1,230,359     4,577,981
Tax contingent liability [member] | Telecommunications Technology Development Fund [Member]        
Disclosure of commitments and contingencies [line items]        
Tax contingencies amount 1,529,076     5,689,462
Tax contingent liability [member] | Services Tax [Member]        
Disclosure of commitments and contingencies [line items]        
Tax contingencies amount 563,805     2,097,833
Tax contingent liability [member] | IRRF And Cide Taxes And Remittances To Foreign Operators [Member]        
Disclosure of commitments and contingencies [line items]        
Tax contingencies amount 1,204,510     4,481,801
Tax contingent liability [member] | Related matters [member]        
Disclosure of commitments and contingencies [line items]        
Tax contingencies amount 35,594,051     132,440,125
Contingent liabilities [member] | TFI [member]        
Disclosure of commitments and contingencies [line items]        
Tax contingencies amount 5,902,393     21,961,918
Provision for Monetary correction in a total amount of regulatory matters [member]        
Disclosure of commitments and contingencies [line items]        
Provision R$ 1,501,000     $ 5,584,995
v3.23.1
Commitments and Contingencies - Schedule of Purchase Commitments (Detail) - Wireless carriers [Member] - Purchase commitment for purchase of airtime minutes at current market prices [Member]
$ in Thousands
Dec. 31, 2022
MXN ($)
Disclosure of commitments [line items]  
Purchase commitments $ 44,216,923
2023 [Member]  
Disclosure of commitments [line items]  
Purchase commitments 944,948
2024 [Member]  
Disclosure of commitments [line items]  
Purchase commitments 15,568,565
2025 [Member]  
Disclosure of commitments [line items]  
Purchase commitments 3,231,796
2026 [Member]  
Disclosure of commitments [line items]  
Purchase commitments 3,190,572
2027 and 2028 [Member]  
Disclosure of commitments [line items]  
Purchase commitments 6,386,664
2029 and thereafter [Member]  
Disclosure of commitments [line items]  
Purchase commitments $ 14,894,378
v3.23.1
Employee Benefits - Analysis of Net Liability and Net Period Cost for Employee Benefit (Detail) - MXN ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Disclosure of net defined benefit liability (asset) [line items]      
Liabilities $ 137,923,317 $ 142,850,465  
Net period cost (benefit)      
Net period cost (benefit) 15,979,152 18,688,374 $ 18,085,954
Mexico [member]      
Disclosure of net defined benefit liability (asset) [line items]      
Liabilities 112,031,055 110,225,654  
Net period cost (benefit)      
Net period cost (benefit) 13,673,155 15,507,652 14,911,208
Puerto Rico [member]      
Disclosure of net defined benefit liability (asset) [line items]      
Liabilities 8,859,265 12,502,377  
Net period cost (benefit)      
Net period cost (benefit) 538,681 548,550 664,046
Brazil [member]      
Disclosure of net defined benefit liability (asset) [line items]      
Liabilities 6,303,584 6,108,744  
Net period cost (benefit)      
Net period cost (benefit) 587,552 724,587 722,412
Europe [member]      
Disclosure of net defined benefit liability (asset) [line items]      
Liabilities 9,971,256 13,127,228  
Net period cost (benefit)      
Net period cost (benefit) 1,176,028 1,753,872 1,701,424
Ecuador [member]      
Disclosure of net defined benefit liability (asset) [line items]      
Liabilities 519,239 601,239  
Net period cost (benefit)      
Net period cost (benefit) (29,743) 111,353 67,402
El Salvador [member]      
Disclosure of net defined benefit liability (asset) [line items]      
Liabilities 135,299 177,922  
Net period cost (benefit)      
Net period cost (benefit) 14,384 19,081 15,751
Nicaragua [member]      
Disclosure of net defined benefit liability (asset) [line items]      
Liabilities 62,327 75,084  
Net period cost (benefit)      
Net period cost (benefit) 11,502 18,561 3,711
Honduras [member]      
Disclosure of net defined benefit liability (asset) [line items]      
Liabilities 41,292 32,217  
Net period cost (benefit)      
Net period cost (benefit) $ 7,593 $ 4,718 $ 0
v3.23.1
Employee Benefits - Summary of Defined Benefit Obligation (DBO) and Plan Assets for Pension and Other Benefit Obligation Plans (Detail) - MXN ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Disclosure of defined benefit plans [line items]        
Defined benefit obligation and plan assets $ (128,400,391) $ (131,410,989) $ (154,847,297) $ (140,696,974)
Reportable segments [member]        
Disclosure of defined benefit plans [line items]        
Defined benefit obligation and plan assets 128,125,182 131,174,685    
Reportable segments [member] | Mexico [member]        
Disclosure of defined benefit plans [line items]        
Defined benefit obligation and plan assets 110,960,878 109,125,922    
Reportable segments [member] | Puerto Rico [member]        
Disclosure of defined benefit plans [line items]        
Defined benefit obligation and plan assets 8,859,265 12,502,377    
Reportable segments [member] | Brazil [member]        
Disclosure of defined benefit plans [line items]        
Defined benefit obligation and plan assets 4,840,262 4,453,350    
Reportable segments [member] | Europe [member]        
Disclosure of defined benefit plans [line items]        
Defined benefit obligation and plan assets 3,464,777 5,093,036    
Defined benefit obligation [member]        
Disclosure of defined benefit plans [line items]        
Defined benefit obligation and plan assets (330,862,941) (345,315,712) (343,003,240) (342,569,774)
Defined benefit obligation [member] | Reportable segments [member]        
Disclosure of defined benefit plans [line items]        
Defined benefit obligation and plan assets 330,587,732 345,079,408    
Defined benefit obligation [member] | Reportable segments [member] | Mexico [member]        
Disclosure of defined benefit plans [line items]        
Defined benefit obligation and plan assets 285,775,547 286,396,483    
Defined benefit obligation [member] | Reportable segments [member] | Puerto Rico [member]        
Disclosure of defined benefit plans [line items]        
Defined benefit obligation and plan assets 26,747,454 38,092,662    
Defined benefit obligation [member] | Reportable segments [member] | Brazil [member]        
Disclosure of defined benefit plans [line items]        
Defined benefit obligation and plan assets 14,599,954 15,497,227    
Defined benefit obligation [member] | Reportable segments [member] | Europe [member]        
Disclosure of defined benefit plans [line items]        
Defined benefit obligation and plan assets 3,464,777 5,093,036    
Plan assets [member]        
Disclosure of defined benefit plans [line items]        
Defined benefit obligation and plan assets 208,526,619 218,327,182 191,549,583 206,300,821
Plan assets [member] | Reportable segments [member]        
Disclosure of defined benefit plans [line items]        
Defined benefit obligation and plan assets (208,526,619) (218,327,182)    
Plan assets [member] | Reportable segments [member] | Mexico [member]        
Disclosure of defined benefit plans [line items]        
Defined benefit obligation and plan assets (174,814,669) (177,270,561)    
Plan assets [member] | Reportable segments [member] | Puerto Rico [member]        
Disclosure of defined benefit plans [line items]        
Defined benefit obligation and plan assets (17,888,189) (25,590,285)    
Plan assets [member] | Reportable segments [member] | Brazil [member]        
Disclosure of defined benefit plans [line items]        
Defined benefit obligation and plan assets (15,823,761) (15,466,336)    
Effect of asset celling [member]        
Disclosure of defined benefit plans [line items]        
Defined benefit obligation and plan assets (6,064,069) (4,422,459) $ (3,393,640) $ (4,428,021)
Effect of asset celling [member] | Reportable segments [member]        
Disclosure of defined benefit plans [line items]        
Defined benefit obligation and plan assets 6,064,069 4,422,459    
Effect of asset celling [member] | Reportable segments [member] | Brazil [member]        
Disclosure of defined benefit plans [line items]        
Defined benefit obligation and plan assets $ 6,064,069 $ 4,422,459    
v3.23.1
Employee Benefits - Summary of the Actuarial Results Generated for the Pension and Retirement Plans as well as the Medical Services (Detail) - MXN ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Disclosure of actuarial results generated for the pension and retirement plans [line items]      
Balance at the beginning of the year $ 131,410,989 $ 154,847,297 $ 140,696,974
Current service cost 1,534,180 2,090,896 2,810,584
Interest cost on projected benefit obligation 30,565,134 28,913,257 30,482,173
Expected return on plan assets (18,819,322) (15,112,669) (17,655,119)
Changes in the asset ceiling during the period and others 398,399 215,544 278,639
Past service costs and other 142,911 139,910 148,253
Actuarial gain for changes in experience (43,603) (23,024) (8,945)
Actuarial (gain) from changes in demographic assumption (64) (48) (270)
Actuarial (gain) loss from changes in financial assumptions (88,990) (6,907) 20,219
Net period cost 13,688,645 16,216,959 16,075,534
Actuarial loss for changes in experience 2,747,706 10,728,950  
Actuarial gain for changes in experience     (9,677)
Actuarial loss/(gain) from changes in demographic assumptions 55,037 (104,568) (103,987)
Others     (924,084)
Actuarial (gain)/loss from changes in financial assumptions (9,838,708) (4,099,321) 3,475,345
Changes in the asset ceiling during the period and others 1,283,501 969,433 (542,430)
Return on plan assets greater than discount rate (shortfall) 13,719,181 (22,198,615) 12,320,777
Recognized in other comprehensive income 7,966,717 (14,704,121) 14,215,944
Contributions to the pension plan made by the Company 516,280 311,108 (1,882,654)
Benefits paid (281,579) (225,876)  
Payments to employees (23,753,735) (25,042,314) (14,426,720)
Plan changes 12,461    
Effect of translation (1,159,387) 7,936 168,219
Others (24,665,960) (24,949,146) (16,141,155)
Balance at the end of the year 128,400,391 131,410,989 154,847,297
Less short-term portion (275,209) (236,304) (268,940)
Non-current obligation 128,125,182 131,174,685 154,578,357
Defined benefit obligation [member]      
Disclosure of actuarial results generated for the pension and retirement plans [line items]      
Balance at the beginning of the year 345,315,712 343,003,240 342,569,774
Current service cost 1,534,180 2,090,896 2,810,584
Interest cost on projected benefit obligation 30,565,134 28,913,257 30,482,173
Actuarial gain for changes in experience (43,603) (23,024) (8,945)
Actuarial (gain) from changes in demographic assumption (64) (48) (270)
Actuarial (gain) loss from changes in financial assumptions (88,990) (6,907) 20,219
Net period cost 31,966,657 30,974,174 33,303,761
Actuarial loss for changes in experience 2,747,706 10,728,950  
Actuarial gain for changes in experience     (9,677)
Actuarial loss/(gain) from changes in demographic assumptions 55,037 (104,568) (103,987)
Others     (924,084)
Actuarial (gain)/loss from changes in financial assumptions (9,838,708) (4,099,321) 3,475,345
Recognized in other comprehensive income (7,035,965) 6,525,061 2,437,597
Contributions made by plan participants 78,642 99,201 137,947
Benefits paid (13,502,781) (10,574,420) (19,740,727)
Payments to employees (23,753,735) (25,042,314) (14,426,720)
Plan changes 12,461    
Effect of translation (2,218,050) 330,770 (1,278,392)
Others (39,383,463) (35,186,763) (35,307,892)
Balance at the end of the year 330,862,941 345,315,712 343,003,240
Less short-term portion (275,209) (236,304) (268,940)
Non-current obligation 330,587,732 345,079,408 342,734,300
Plan assets [member]      
Disclosure of actuarial results generated for the pension and retirement plans [line items]      
Balance at the beginning of the year (218,327,182) (191,549,583) (206,300,821)
Expected return on plan assets (18,819,322) (15,112,669) (17,655,119)
Past service costs and other 142,911 139,910 148,253
Net period cost (18,676,411) (14,972,759) (17,506,866)
Return on plan assets greater than discount rate (shortfall) 13,719,181 (22,198,615) 12,320,777
Recognized in other comprehensive income 13,719,181 (22,198,615) 12,320,777
Contributions made by plan participants (78,642) (99,201) (137,947)
Contributions to the pension plan made by the Company 516,280 311,108 (1,882,654)
Benefits paid 13,221,202 10,348,544 19,740,727
Effect of translation 1,098,953 (166,676) 2,217,201
Others 14,757,793 10,393,775 19,937,327
Balance at the end of the year (208,526,619) (218,327,182) (191,549,583)
Non-current obligation (208,526,619) (218,327,182) (191,549,583)
Effect of asset celling [member]      
Disclosure of actuarial results generated for the pension and retirement plans [line items]      
Balance at the beginning of the year 4,422,459 3,393,640 4,428,021
Changes in the asset ceiling during the period and others 398,399 215,544 278,639
Net period cost 398,399 215,544 278,639
Changes in the asset ceiling during the period and others 1,283,501 969,433 (542,430)
Recognized in other comprehensive income 1,283,501 969,433 (542,430)
Effect of translation (40,290) (156,158) (770,590)
Others (40,290) (156,158) (770,590)
Balance at the end of the year 6,064,069 4,422,459 3,393,640
Non-current obligation $ 6,064,069 $ 4,422,459 $ 3,393,640
v3.23.1
Employee Benefits - Additional Information (Detail) - MXN ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Disclosure of defined benefit plans [line items]        
Current service cost $ 1,534,180 $ 2,090,896 $ 2,810,584  
Expected return on plan assets 18,819,322 15,112,669 17,655,119  
Net pension plan liability and plan assets (128,400,391) (131,410,989) (154,847,297) $ (140,696,974)
Defined contribution plan, payment $ (281,579) (225,876)    
Severance benefit obligations, description Severance benefit obligations for employees, whose employment commenced before January 1, 2003, excluding civil servants, are covered by defined benefit plans. Upon termination of employment by A1 Telekom Austria Group or upon retirement, eligible employees receive severance payments. Depending on their time in service, their severance amounts to a multiple of their monthly basic compensation plus variable components such as overtime or bonuses, up to a maximum of twelve monthly salaries. In case of death, the heirs of eligible employees receive 50% of the severance benefits. The primary risks to A1 Telekom Austria Group are salary increases and changes of interest rates.      
Severance benefits, in case of death 50.00%      
Net period cost (benefit) $ 15,979,152 18,688,374 18,085,954  
Telekom Austria [member]        
Disclosure of defined benefit plans [line items]        
Defined benefits plan, eligibility retirement date Jan. 01, 1975      
Telekom Austria [member] | Defined Contribution Plans [member]        
Disclosure of defined benefit plans [line items]        
Annual expense of defined contribution plan $ 252,980 286,195    
Telekom Austria [member] | Unfunded Pension Plans [member]        
Disclosure of defined benefit plans [line items]        
Plan description Part of the Telmex’s employees are covered under defined benefit pension plans and seniority premiums. Pension benefits and seniority premiums are determined on the basis in their final year of employment, their seniority, and their age at the time of retirement. Telmex has set up an irrevocable trust fund to finance these employee benefits and has adopted the policy of making contributions to such fund when it is considered necessary.      
Benefit determination maximum percentage on salary before retirement 80.00%      
Telmexs [member]        
Disclosure of defined benefit plans [line items]        
Net pension plan liability and plan assets $ 174,814,669 $ 177,270,561    
Rate of equity instruments   47.50%    
Rate of debt instruments 44.20%      
Recorded of pension plan re-measurement value in defined pension plan $ 11,590,623 $ (9,928,728)    
Increase in fair value of related party pension plan investments $ 9,806,143 (20,234,095)    
Top of range [member] | Telekom Austria [member] | Defined Contribution Plans [member]        
Disclosure of defined benefit plans [line items]        
Percentage of defined contribution plan 5.00%      
Austria [member]        
Disclosure of defined benefit plans [line items]        
Service award description Civil servants and certain employees (in the following “employees”) are eligible to receive service awards. In accordance with the legal regulations, eligible employees receive a cash bonus of two months’ salary after 25 years of service and four months’ salary after 40 years of service. Employees with at least 35 years of service when retiring (at the age of 65) or who are retiring based on specific legal regulations are also eligible to receive the service award of four monthly salaries. The obligation is accrued over the period of service, taking into account the employee turnover rate for employees who leave employment prematurely. The main risk that A1 Telekom Austria Group is exposed to is the risk of development of salary increases and changes of interest rates.      
Service period to receive bonus, description after 25 years      
Service period to receive bonus, description after 40 years      
Contributions to social security, net of the share contributed by civil servants $ 1,272,331 1,436,587    
Contributions to the government, net of the share contributed by civil servants 597,710 601,626    
Austria [member] | Defined Contribution Plans [member]        
Disclosure of defined benefit plans [line items]        
DCP liability 55,937 114,233    
Austria [member] | Telekom Austria [member]        
Disclosure of defined benefit plans [line items]        
Percentage of contribution to social security       12.55%
Austria [member] | Telekom Austria [member] | Defined Contribution Plans [member]        
Disclosure of defined benefit plans [line items]        
Defined contribution plan, payment $ 66,700 68,425    
Austria [member] | Bottom of range [member]        
Disclosure of defined benefit plans [line items]        
Service period to receive bonus, description 35 years of service when retiring (at the age of 65)      
Percentage of contribution to active civil servants 29.00%      
Austria [member] | Top of range [member]        
Disclosure of defined benefit plans [line items]        
Percentage of contribution to active civil servants 7.00%      
Brazil [member]        
Disclosure of defined benefit plans [line items]        
Current service cost $ 166,503 225,984 268,562  
Employee benefits 1,428,547 1,380,764    
Cost of labor 5,021 61,649 2,930  
Net period cost (benefit) 587,552 724,587 722,412  
Brazil [member] | Claro Brasil [member] | Defined Contribution Plans [member]        
Disclosure of defined benefit plans [line items]        
DCP liability $ 34,775 274,630    
Brazil [member] | Bottom of range [member] | Claro Brasil [member] | Participants enrolled before October 31st, 2014 [member]        
Disclosure of defined benefit plans [line items]        
Employee contributions to the plan 1.00%      
Brazil [member] | Bottom of range [member] | Claro Brasil [member] | Participants enrolled after October 31st, 2014 [member]        
Disclosure of defined benefit plans [line items]        
Employee contributions to the plan 1.00%      
Brazil [member] | Top of range [member] | Claro Brasil [member]        
Disclosure of defined benefit plans [line items]        
Employer contributions to the plan 8.00%      
Brazil [member] | Top of range [member] | Claro Brasil [member] | Participants enrolled before October 31st, 2014 [member]        
Disclosure of defined benefit plans [line items]        
Employee contributions to the plan 8.00%      
Brazil [member] | Top of range [member] | Claro Brasil [member] | Participants enrolled after October 31st, 2014 [member]        
Disclosure of defined benefit plans [line items]        
Employee contributions to the plan 7.00%      
Mexico [member]        
Disclosure of defined benefit plans [line items]        
Expected return on plan assets $ 126,735 267,728 174,994  
Employee benefits 1,070,177 1,099,732    
Net period cost (benefit) 13,673,155 15,507,652 14,911,208  
Ecuador [member]        
Disclosure of defined benefit plans [line items]        
Current service cost (29,743) 111,353 67,402  
Employee benefits 519,239 601,239    
Net period cost (benefit) (29,743) 111,353 $ 67,402  
Central America [Member]        
Disclosure of defined benefit plans [line items]        
Employee benefits 238,918 285,223    
Net period cost (benefit) $ 33,479 $ 42,360    
v3.23.1
Employee Benefits - Schedule of Plan Assets Invested (Detail)
Dec. 31, 2022
Dec. 31, 2021
Puerto Rico [member]    
Disclosure of fair value of plan assets [line items]    
Equity instruments 40.00% 42.00%
Debt instruments 24.00% 21.00%
Others 36.00% 37.00%
Total 100.00% 100.00%
Brazil [member]    
Disclosure of fair value of plan assets [line items]    
Debt instruments 92.00% 94.00%
Others 8.00% 6.00%
Total 100.00% 100.00%
Mexico [member]    
Disclosure of fair value of plan assets [line items]    
Equity instruments 74.00% 74.00%
Debt instruments 26.00% 26.00%
Total 100.00% 100.00%
v3.23.1
Employee Benefits - Summary of Assumptions Used in Determining the Net Period Cost (Detail)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Puerto Rico [member]      
Disclosure of sensitivity analysis for actuarial assumptions [line items]      
Discount rate and long-term rate return 5.42% 2.75% 2.34%
Rate of future salary increases 2.75% 2.75% 2.75%
Percentage of increase in health care costs for the coming year 5.44% 2.72% 2.28%
Brazil [member]      
Disclosure of sensitivity analysis for actuarial assumptions [line items]      
Rate of future salary increases 3.50% 3.25% 3.25%
Percentage of increase in health care costs for the coming year 9.71% 9.44% 9.96%
Year to which this level will be maintained 2031 2030 2031
Brazil [member] | Bottom of range [member]      
Disclosure of sensitivity analysis for actuarial assumptions [line items]      
Discount rate and long-term rate return 10.05% 8.51% 6.48%
Brazil [member] | Top of range [member]      
Disclosure of sensitivity analysis for actuarial assumptions [line items]      
Discount rate and long-term rate return 10.11% 8.67% 7.39%
Mexico [member]      
Disclosure of sensitivity analysis for actuarial assumptions [line items]      
Discount rate and long-term rate return 11.50% 10.40% 10.04%
Rate of future salary increases 2.80% 2.80% 2.84%
Europe [member]      
Disclosure of sensitivity analysis for actuarial assumptions [line items]      
Discount rate and long-term rate return 3.75%    
Rate of increase of pensions 1.90% 1.60% 1.60%
Europe [member] | Bottom of range [member]      
Disclosure of sensitivity analysis for actuarial assumptions [line items]      
Employee turnover rate 0.00% 0.00% 0.00%
Europe [member] | Top of range [member]      
Disclosure of sensitivity analysis for actuarial assumptions [line items]      
Employee turnover rate 1.03% 1.12% 1.31%
Europe [member] | Actuarial assumption rate one [member]      
Disclosure of sensitivity analysis for actuarial assumptions [line items]      
Discount rate and long-term rate return   0.25% 0.25%
Rate of future salary increases 4.50% 3.00% 3.00%
Europe [member] | Actuarial assumption rate two [member]      
Disclosure of sensitivity analysis for actuarial assumptions [line items]      
Discount rate and long-term rate return   0.75% 0.50%
Rate of future salary increases 5.30% 3.40% 3.50%
Europe [member] | Actuarial assumption rate three [member]      
Disclosure of sensitivity analysis for actuarial assumptions [line items]      
Discount rate and long-term rate return   1.00% 0.75%
Rate of future salary increases   4.00% 4.10%
Europe [member] | Actuarial assumption rate three [member] | Bottom of range [member]      
Disclosure of sensitivity analysis for actuarial assumptions [line items]      
Rate of future salary increases 3.40%    
Europe [member] | Actuarial assumption rate three [member] | Top of range [member]      
Disclosure of sensitivity analysis for actuarial assumptions [line items]      
Rate of future salary increases 4.60%    
v3.23.1
Employee Benefits - Summary of Increase (Decrease) Would Have Resulted in the DBO Pension and Other Benefits (Detail)
$ in Thousands
Dec. 31, 2022
MXN ($)
-100 [member] | Discount rate [member]  
Disclosure of sensitivity analysis for actuarial assumptions [line items]  
DBO pension and other benefits $ 25,334,948
-100 [member] | Health care cost trend rate [member]  
Disclosure of sensitivity analysis for actuarial assumptions [line items]  
DBO pension and other benefits (388,889)
+100 [member] | Discount rate [member]  
Disclosure of sensitivity analysis for actuarial assumptions [line items]  
DBO pension and other benefits (22,163,575)
+100 [member] | Health care cost trend rate [member]  
Disclosure of sensitivity analysis for actuarial assumptions [line items]  
DBO pension and other benefits $ 444,735
v3.23.1
Employee Benefits - Summary of Long-Term Direct Employee Benefits (Detail) - MXN ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Disclosure of long term direct employee benefits [abstract]    
Beginning balance $ 7,925,846 $ 8,750,603
Effect of translation (879,484) (328,619)
Increase of the year 1,376,566 1,824,693
Applications, Payments (2,019,176) (2,320,831)
Ending balance $ 6,403,752 $ 7,925,846
v3.23.1
Financial Assets and Liabilities - Summary of Categorization of Financial Instruments, Excluding Cash and Cash Equivalents (Detail) - MXN ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Financial Assets:    
Financial Assets $ 344,892,278 $ 451,228,622
Financial Liabilities:    
Financial Liabilities 648,038,187 729,471,438
Loans and receivables [member]    
Financial Assets:    
Financial Assets 163,488,725 167,214,958
Loans and receivables [member] | Related parties [member]    
Financial Assets:    
Financial Assets 2,287,213 1,158,611
Fair value through profit or loss [member]    
Financial Assets:    
Financial Assets 2,602,680 10,130,806
Fair value through OCI [member]    
Financial Assets:    
Financial Assets 95,409,260 124,582,933
Equity investments at fair value through OCI and other short term investments [member]    
Financial Assets:    
Financial Assets 88,428,111 117,703,202
Equity investments at fair value through OCI and other short term investments [member] | Loans and receivables [member]    
Financial Assets:    
Financial Assets   15,026
Equity investments at fair value through OCI and other short term investments [member] | Fair value through OCI [member]    
Financial Assets:    
Financial Assets 88,428,111 117,688,176
Accounts receivable from subscribers distributors contractual assets and other net [member] | Loans and receivables [member]    
Financial Assets:    
Financial Assets 161,201,512 166,041,321
Financial instruments, class [member]    
Financial Assets:    
Financial Assets 2,602,680 10,130,806
Financial instruments, class [member] | Fair value through profit or loss [member]    
Financial Assets:    
Financial Assets 2,602,680 10,130,806
Liability Related to Right of Use of Assets [Member]    
Financial Liabilities:    
Financial Liabilities 134,148,811 98,654,225
Total Current Assets [Member] | Loans and receivables [member]    
Financial Assets:    
Financial Assets 163,488,725 167,214,958
Total Current Assets [Member] | Fair value through profit or loss [member]    
Financial Assets:    
Financial Assets 2,602,680 10,130,806
Total Current Assets [Member] | Fair value through OCI [member]    
Financial Assets:    
Financial Assets 88,428,111 117,688,176
Debt Instruments At Fair Value Through OCI [Member] | Fair value through OCI [member]    
Financial Assets:    
Financial Assets 6,981,149 6,894,757
Loans and receivables [member]    
Financial Liabilities:    
Financial Liabilities 826,435,278 873,388,890
Loans and receivables [member] | Related parties [member]    
Financial Liabilities:    
Financial Liabilities 7,224,218 4,216,882
Loans and receivables [member] | Debt [Member]    
Financial Liabilities:    
Financial Liabilities 510,589,480 564,030,102
Loans and receivables [member] | Accounts payable [Member]    
Financial Liabilities:    
Financial Liabilities 174,472,769 206,487,681
Loans and receivables [member] | Liability Related to Right of Use of Assets [Member]    
Financial Liabilities:    
Financial Liabilities 134,148,811 98,654,225
Fair value through profit or loss [Member]    
Financial Liabilities:    
Financial Liabilities 25,331,346 10,034,508
Fair value through profit or loss [Member] | Financial instruments, class [member]    
Financial Liabilities:    
Financial Liabilities $ 25,331,346 $ 10,034,508
v3.23.1
Financial Assets and Liabilities - Summary of Fair Value for Financial Assets (Excluding Cash and Cash Equivalents) and Financial Liabilities (Detail) - MXN ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Assets:    
Financial Assets $ 344,892,278 $ 451,228,622
Current derivative financial assets 337,911,129 444,333,865
Liabilities:    
Financial Liabilities 648,038,187 729,471,438
Debt [member]    
Liabilities:    
Financial Liabilities 488,558,030 620,782,705
Financial instruments, class [member]    
Assets:    
Financial Assets 2,602,680 10,130,806
Equity investments at fair value through OCI and other short term investments [member]    
Assets:    
Financial Assets 88,428,111 117,703,202
Pension plan assets [member]    
Assets:    
Financial Assets 208,526,619 218,327,182
Derivative Financial Instruments [Member]    
Liabilities:    
Financial Liabilities 25,331,346 10,034,508
Liability Related to Right of Use of Assets [Member]    
Liabilities:    
Financial Liabilities 134,148,811 98,654,225
Revalued Of Assets [Member]    
Assets:    
Financial Assets 38,353,719 98,172,675
Debt Instruments At Fair Value Through OCI [Member]    
Assets:    
Equity investments at fair value through OCI and other short-term investments (Note 4) 6,981,149 6,894,757
Level 1 [member]    
Assets:    
Financial Assets 281,257,799 313,836,780
Current derivative financial assets 281,257,799 313,836,780
Liabilities:    
Financial Liabilities 505,858,206 539,314,390
Level 1 [member] | Debt [member]    
Liabilities:    
Financial Liabilities 371,709,395 440,660,165
Level 1 [member] | Equity investments at fair value through OCI and other short term investments [member]    
Assets:    
Financial Assets 88,428,111 117,688,176
Level 1 [member] | Pension plan assets [member]    
Assets:    
Financial Assets 192,829,688 196,148,604
Level 1 [member] | Liability Related to Right of Use of Assets [Member]    
Liabilities:    
Financial Liabilities 134,148,811 98,654,225
Level 2 [member]    
Assets:    
Financial Assets 25,241,490 39,164,727
Current derivative financial assets 18,260,341 32,269,970
Liabilities:    
Financial Liabilities 142,179,981 190,157,048
Level 2 [member] | Debt [member]    
Liabilities:    
Financial Liabilities 116,848,635 180,122,540
Level 2 [member] | Financial instruments, class [member]    
Assets:    
Financial Assets 2,602,680 10,130,806
Level 2 [member] | Equity investments at fair value through OCI and other short term investments [member]    
Assets:    
Financial Assets   15,026
Level 2 [member] | Pension plan assets [member]    
Assets:    
Financial Assets 15,657,661 22,124,138
Level 2 [member] | Derivative Financial Instruments [Member]    
Liabilities:    
Financial Liabilities 25,331,346 10,034,508
Level 2 [member] | Debt Instruments At Fair Value Through OCI [Member]    
Assets:    
Equity investments at fair value through OCI and other short-term investments (Note 4) 6,981,149 6,894,757
Level 3 [member]    
Assets:    
Financial Assets 38,392,989 98,227,115
Current derivative financial assets 38,392,989 98,227,115
Level 3 [member] | Pension plan assets [member]    
Assets:    
Financial Assets 39,270 54,440
Level 3 [member] | Revalued Of Assets [Member]    
Assets:    
Financial Assets $ 38,353,719 $ 98,172,675
v3.23.1
Financial Assets and Liabilities - Additional Information (Detail) - MXN ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Disclosure of detailed information about financial instruments [line items]    
Transfers out of Level 1 into Level 2 of fair value hierarchy $ 0 $ 0
Level 2 [member]    
Disclosure of detailed information about financial instruments [line items]    
Net realized gains (losses) related to derivative financial instruments $ (2,353,920) $ (1,664,465)
v3.23.1
Financial Assets and Liabilities - Summary of changes in liabilities arising from financing activities (Detail) - MXN ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Disclosure of reconciliation of liabilities arising from financing activities [line items]    
Beginning balance $ 662,684,327 $ 737,710,197
Cash flow 9,250,705 (88,899,031)
Foreign currency exchange and other (27,196,741) 13,873,161
Ending balance 644,738,291 662,684,327
Debt [member]    
Disclosure of reconciliation of liabilities arising from financing activities [line items]    
Beginning balance 564,030,102 628,382,956
Cash flow 43,073,992 (58,354,281)
Foreign currency exchange and other (96,514,614) (5,998,573)
Ending balance 510,589,480 564,030,102
Liability Related to Right of Use of Assets [Member]    
Disclosure of reconciliation of liabilities arising from financing activities [line items]    
Beginning balance 98,654,225 109,327,241
Cash flow (33,823,287) (30,544,750)
Foreign currency exchange and other 69,317,873 19,871,734
Ending balance $ 134,148,811 $ 98,654,225
v3.23.1
Shareholders' Equity - Additional Information (Detail) - MXN ($)
$ / shares in Units, $ in Thousands
 12 Months Ended
Aug. 29, 2022
Aug. 08, 2022
Apr. 20, 2022
Nov. 08, 2021
Jul. 19, 2021
Apr. 26, 2021
Dec. 31, 2022
Dec. 31, 2021
Disclosure of classes of share capital [line items]                
Capital requirements             $ 239,356  
Number of shares issued             63,381,000,000  
Number of shares outstanding             63,325,000,000 64,689,740,633
Number of treasury shares held             56,000,000 1,721,520,016
Merger transaction description             any transaction representing 20% or more of the Company’s consolidated assets  
Legal reserve             $ 358,440  
Amount of Mexican withholding tax             10.00%  
Issued capital [member] | Spin Off [Member]                
Disclosure of classes of share capital [line items]                
Reduction of issued capital   $ 1,572            
Treasury shares [member]                
Disclosure of classes of share capital [line items]                
Shares authorized to be repurchased during the period value     $ 26,000,000          
Legal reserve [member]                
Disclosure of classes of share capital [line items]                
Legal reserve as a percentage of capital stock             20.00%  
Bottom of range [member] | Legal reserve [member]                
Disclosure of classes of share capital [line items]                
Percentage of net profit to be allocated to legal reserve             5.00%  
Capital Stock Class AA Voting Rights [member]                
Disclosure of classes of share capital [line items]                
Number of shares issued             20,554,697,460  
Capital Stock Class A Voting Rights [member]                
Disclosure of classes of share capital [line items]                
Number of shares issued             488,283,894  
Capital Stock Class L Limited Voting Rights [member]                
Disclosure of classes of share capital [line items]                
Number of shares issued             42,338,018,646  
Capital Stock Class Aa [member]                
Disclosure of classes of share capital [line items]                
Number of shares outstanding             20,554,697,460 20,554,697,460
Dividends paid     $ 0.44     $ 0.4    
Periodic payment of dividend $ 0.44     $ 0.2 $ 0.2      
Capital Stock Class Aa [member] | Bottom of range [member]                
Disclosure of classes of share capital [line items]                
Percentage of capital stock             20.00%  
Capital Stock Class Aa [member] | Top of range [member]                
Disclosure of classes of share capital [line items]                
Percentage of capital stock             51.00%  
Capital Stock Class A [member]                
Disclosure of classes of share capital [line items]                
Number of shares outstanding             488,283,894 502,404,175
Dividends paid     0.44     0.4    
Periodic payment of dividend 0.44     0.2 0.2      
Capital Stock Class A [member] | Bottom of range [member]                
Disclosure of classes of share capital [line items]                
Percentage of capital stock             19.60%  
Capital Stock Class A [member] | Top of range [member]                
Disclosure of classes of share capital [line items]                
Percentage of capital stock             49.00%  
Capital Stock Class L [member]                
Disclosure of classes of share capital [line items]                
Number of shares outstanding             42,282,018,646 43,632,638,998
Capital Stock Class L [member] | Treasury shares [member]                
Disclosure of classes of share capital [line items]                
Number of shares in entity held by entity             56,000,000  
Capital Stock Class L [member] | Top of range [member]                
Disclosure of classes of share capital [line items]                
Percentage of capital stock             80.00%  
Class L [member]                
Disclosure of classes of share capital [line items]                
Dividends paid     $ 0.44     $ 0.4    
Periodic payment of dividend $ 0.44     $ 0.2 $ 0.2      
Periodic payable date of dividend     August 29, 2022     July 19 and November 08, 2021    
Capital Stock Class A And L [Member] | Treasury shares [member]                
Disclosure of classes of share capital [line items]                
Number of shares repurchased during the period shares             1,364,740,633  
v3.23.1
Shareholders Equity - Summary of Computation of Basic and Diluted Earnings per Share (Detail)
$ / shares in Units, $ in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2022
MXN ($)
$ / shares
shares
Dec. 31, 2022
USD ($)
shares
Dec. 31, 2021
MXN ($)
$ / shares
shares
Dec. 31, 2020
MXN ($)
$ / shares
shares
Earnings per share [abstract]        
Net profit for the period attributable to equity holders of the parent from continuing operations $ 82,878,406 $ 4,269 $ 68,187,225 [1] $ 35,264,826 [1]
Net profit for the period attributable to equity holders of the parent from discontinued operations (6,719,015) $ (346) 124,235,942 [1] 11,587,779 [1]
Net profit for the period attributable to equity holders of the parent | $ $ 76,159,391   $ 192,423,167 $ 46,852,605
Weighted average shares (in millions) | shares 63,936 63,936 65,967 66,265
Earnings per share attributable to equity holders of the parent continuing operations $ 1.3   $ 1.03 $ 0.53
Earnings per share attributable to equity holders of the parent discontinued operations $ (0.11)   $ 1.88 $ 0.17
[1] Restated for discontinued operations
v3.23.1
Components of other comprehensive income (loss) - Summary of Movement on Components of Other Comprehensive Loss (Detail)
$ in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
MXN ($)
Dec. 31, 2020
MXN ($)
Controlling interest:        
Unrealized (loss) gain on equity investments at fair value, net of deferred taxes $ (4,707,276) $ (242) $ 4,560,869 [1] $ (1,952,414) [1]
Translation effect of foreign entities (35,114,722)   (7,134,153) (11,515,297)
Asset's revaluation surplus net of deferred taxes       77,230,031
Total equity attributable to equity holders of the parent [member]        
Controlling interest:        
Unrealized (loss) gain on equity investments at fair value, net of deferred taxes (4,707,276)   4,560,869 (1,952,414)
Translation effect of foreign entities (31,086,965)   (4,837,206) (13,558,774)
Remeasurement of defined benefit plan, net of deferred taxes (4,599,407)   11,100,835 (10,026,454)
Asset's revaluation surplus net of deferred taxes       64,835,155
Non-controlling interest of the items above (3,734,066)   (2,135,886) 14,165,249
Total other comprehensive (loss) income items for the year, net of deferred taxes (38,934,433)   7,859,449 $ 53,462,762
Total equity attributable to equity holders of the parent [member] | Discontinued operations [member]        
Controlling interest:        
Translation effect of foreign entities $ 5,193,281   $ (829,163)  
[1] Restated for discontinued operations
v3.23.1
Valuation of derivatives interest cost from labor obligations and other financial items net - Schedule of Valuation of Derivatives and Other Financial Items (Detail)
$ in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
MXN ($)
Dec. 31, 2020
MXN ($)
Disclosure of detailed information about financial instruments [abstract]        
Gain (loss) in valuation of derivatives, net $ (28,639,687)   $ (6,755,214) $ 12,378,193
Capitalized interest expense (Note 10 b) 1,514,654   1,527,259 1,771,613
Commissions (1,061,278)   (1,067,381) (1,106,980)
Interest cost of labor obligations (Note 18) (12,376,939)   (14,375,520) (13,105,693)
Contractual earn out Verizon (Note 4) 4,271,250      
Interest expense on taxes (190,822)   (243,075) (59,032)
Dividend received (Note 4) 6,155,993   2,628,600 2,122,826
Gain on net monetary positions 11,538,061 $ 594 4,876,842 3,262,512
Other financial cost [1] (327,451)   (835,028) (3,845,186)
Total $ (19,116,219) $ (985) $ (14,243,517) [2] $ 1,418,253 [2]
[1] Excludes discontinued operations of TracFone, Chile and Panama (See note 2ac)
[2] Restated for discontinued operations
v3.23.1
Segments - Additional Information (Detail) - Operating segments [member]
 12 Months Ended
Dec. 31, 2022
Disclosure of Operating Segments [Line Items]  
Percentage of entity revenue 10.00%
Percentage of taxable profit 10.00%
Percentage of consolidated assets 10.00%
v3.23.1
Segments - Summary of Operating Segments (Detail)
$ in Thousands, $ in Millions
 12 Months Ended
Dec. 31, 2022
MXN ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
MXN ($)
Dec. 31, 2020
MXN ($)
Dec. 31, 2022
USD ($)
Disclosure of Operating Segments [Line Items]          
External revenues $ 844,501,397   $ 830,687,452 $ 815,399,087  
Total revenues 844,501,397 $ 43,499 830,687,452 [1] 815,399,087 [1]  
Depreciation and amortization 158,633,786 8,171 156,302,992 [1] 154,215,420 [1]  
Operating income 170,870,752   167,556,250 148,812,807  
Interest income 4,823,579 248 3,834,150 [1] 5,060,636 [1]  
Interest expense 41,258,803 2,125 35,738,305 [1] 38,165,205 [1]  
Income tax 46,044,089 2,372 32,717,477 [1] 13,178,171 [1]  
Equity interest in net result of associated companies (1,811,432)   113,918 (287,006)  
Net profit (loss) attributable to equity holders of the parent continues operations 82,878,406 4,269 68,187,225 [1] 35,264,826 [1]  
Net profit (loss) attributable to equity holders of the parent discontinued operations (6,719,015) $ (346) 124,235,942 [1] 11,587,779 [1]  
Net profit (loss) attributable to equity holders of the parent 76,159,391   192,423,167 46,852,605  
Assets by segment 1,618,099,344   1,689,649,849 1,625,048,227 $ 83,347
Plant, property and equipment, net 618,872,491   633,024,004 615,777,003  
Revalued of assets 38,353,719   98,172,675 107,152,628  
Goodwill 141,121,365   136,578,194 143,052,859 7,269
Trademarks, net 3,014,557   3,292,163 3,777,418  
Licenses and rights, net 107,795,187   123,286,860 111,630,716  
Investments in associated companies 23,975,462   3,052,481 1,829,760  
Liabilities by segments 1,180,270,071   1,235,608,123 1,309,930,609 $ 60,794
Mexico [member]          
Disclosure of Operating Segments [Line Items]          
Net profit (loss) attributable to equity holders of the parent continues operations 63,711,537   34,195,093 3,613,907  
Telmex [member]          
Disclosure of Operating Segments [Line Items]          
Net profit (loss) attributable to equity holders of the parent continues operations (373,036)   4,594,450 (1,085,038)  
Brazil [member]          
Disclosure of Operating Segments [Line Items]          
Net profit (loss) attributable to equity holders of the parent continues operations 10,254,969   14,185,905 4,963,424  
Southern Cone [member]          
Disclosure of Operating Segments [Line Items]          
Net profit (loss) attributable to equity holders of the parent continues operations (1,157,911) [2]   (2,804,630) [3] 4,909,164 [3]  
Colombia [member]          
Disclosure of Operating Segments [Line Items]          
Net profit (loss) attributable to equity holders of the parent continues operations 6,486,771   5,959,563 16,579,303  
Andean [member]          
Disclosure of Operating Segments [Line Items]          
Net profit (loss) attributable to equity holders of the parent continues operations 6,122,291   4,180,473 4,649,047  
Central America [member]          
Disclosure of Operating Segments [Line Items]          
Net profit (loss) attributable to equity holders of the parent continues operations 5,059,038 [4]   4,746,847 [5] 3,922,577 [5]  
U.S.A [member]          
Disclosure of Operating Segments [Line Items]          
Assets by segment [6]       35,083,285  
Plant, property and equipment, net [6]       1,761,595  
Goodwill [6]       3,362,899  
Trademarks, net [6]       269,325  
Liabilities by segments [6]       33,141,315  
Caribbean [member]          
Disclosure of Operating Segments [Line Items]          
Net profit (loss) attributable to equity holders of the parent continues operations 6,649,004   5,151,166 3,294,111  
Europe [member]          
Disclosure of Operating Segments [Line Items]          
Net profit (loss) attributable to equity holders of the parent continues operations 11,795,662   8,313,018 7,777,426  
Operating segments [member] | Mexico [member]          
Disclosure of Operating Segments [Line Items]          
External revenues 236,608,249   225,219,719 214,578,600  
Intersegment revenues 9,290,955   18,041,465 17,663,525  
Total revenues 245,899,204   243,261,184 232,242,125  
Depreciation and amortization 26,383,113   25,797,791 24,748,756  
Operating income 76,708,954   77,783,972 70,851,525  
Interest income 18,336,415   14,864,242 21,322,406  
Interest expense 24,909,724   24,586,641 30,936,195  
Income tax 30,642,242   25,002,390 4,905,863  
Equity interest in net result of associated companies (1,821,608)   85,648 (3,820)  
Net profit (loss) attributable to equity holders of the parent 63,711,537   34,195,093 3,613,907  
Assets by segment 1,042,849,460   999,502,407 947,396,510  
Plant, property and equipment, net 49,677,868   50,420,866 52,117,395  
Goodwill 26,481,707   26,965,618 26,949,185  
Trademarks, net 110,397   90,673 126,823  
Licenses and rights, net 10,559,914   11,081,972 12,017,318  
Investments in associated companies 24,656,295   4,725,279 51,645  
Liabilities by segments 621,482,350   679,954,783 725,408,198  
Operating segments [member] | Telmex [member]          
Disclosure of Operating Segments [Line Items]          
External revenues 83,046,967   87,189,642 77,920,910  
Intersegment revenues 16,937,889   15,237,420 13,668,264  
Total revenues 99,984,856   102,427,062 91,589,174  
Depreciation and amortization 13,171,616   12,740,332 13,341,479  
Operating income 16,172,472   21,100,316 11,204,433  
Interest income 925,158   758,126 1,479,021  
Interest expense 3,342,459   1,385,103 1,306,867  
Income tax 2,767,673   2,496,010 577,178  
Equity interest in net result of associated companies 31,000   44,525 23,955  
Net profit (loss) attributable to equity holders of the parent (373,036)   4,594,450 (1,085,038)  
Assets by segment 215,543,807   195,869,232 203,081,314  
Plant, property and equipment, net 134,928,482   118,056,718 110,751,083  
Goodwill 215,381   215,381 215,381  
Trademarks, net 118,634   149,865 181,094  
Licenses and rights, net 106,659   129,233 100,623  
Investments in associated companies 550,493   522,403 613,449  
Liabilities by segments 204,294,033   176,177,522 193,840,756  
Operating segments [member] | Brazil [member]          
Disclosure of Operating Segments [Line Items]          
External revenues 165,804,342   148,729,232 163,865,421  
Intersegment revenues 5,075,716   4,044,386 4,207,466  
Total revenues 170,880,058   152,773,618 168,072,887  
Depreciation and amortization 43,422,821   40,342,871 41,795,397  
Operating income 26,665,816   21,867,457 25,203,504  
Interest income 2,679,103   2,104,574 2,904,430  
Interest expense 23,411,387   15,875,138 17,976,227  
Income tax 454,205   (9,603,701) (4,442,598)  
Equity interest in net result of associated companies 20,864   4,575 (2,972)  
Net profit (loss) attributable to equity holders of the parent 10,254,969   14,185,905 4,963,424  
Assets by segment 407,802,373   407,458,440 386,982,711  
Plant, property and equipment, net 159,382,793   153,607,199 145,307,497  
Revalued of assets 0   33,004,669 36,076,207  
Goodwill 31,085,202   15,335,322 16,048,092  
Licenses and rights, net 37,638,695   39,620,009 26,171,345  
Investments in associated companies 22,708   65,699 64,125  
Liabilities by segments 297,234,805   273,655,967 263,989,566  
Operating segments [member] | Southern Cone [member]          
Disclosure of Operating Segments [Line Items]          
External revenues 38,820,073 [2]   40,244,826 [3] 34,426,863 [3]  
Intersegment revenues (95,105) [2]   (699,479) [3] 1,220,100 [3]  
Total revenues 38,724,968 [2]   39,545,347 [3] 35,646,963 [3]  
Depreciation and amortization 10,807,072 [2]   9,585,858 [3] 7,199,898 [3]  
Operating income 1,796,672 [2]   2,968,702 [3] 3,238,167 [3]  
Interest income 719,851 [2]   820,449 [3] 979,181 [3]  
Interest expense 2,573,356 [2]   2,790,000 [3] 2,955,339 [3]  
Income tax (160,199) [2]   782,844 [3] 676,444 [3]  
Equity interest in net result of associated companies (2,198) [2]   (19,073) [3] (15,422) [3]  
Net profit (loss) attributable to equity holders of the parent (1,157,911) [2]   (2,804,630) [3] 4,909,164 [3]  
Assets by segment 87,971,767 [2]   135,862,040 [3] 118,266,380 [3]  
Plant, property and equipment, net 42,674,620 [2]   64,864,986 [3] 62,157,797 [3]  
Revalued of assets 0 [2]   6,159,077 [3] 7,494,408 [3]  
Goodwill 199,984 [2]   5,191,841 [3] 5,436,675 [3]  
Licenses and rights, net 12,965,021 [2]   13,791,003 [3] 12,099,873 [3]  
Investments in associated companies (19,866) [2]   (34,401) [3] (20,970) [3]  
Liabilities by segments 54,393,204 [2]   72,702,285 [3] 61,786,265 [3]  
Operating segments [member] | Colombia [member]          
Disclosure of Operating Segments [Line Items]          
External revenues 70,925,374   79,312,071 77,282,658  
Intersegment revenues 374,225   360,638 352,694  
Total revenues 71,299,599   79,672,709 77,635,352  
Depreciation and amortization 13,085,226   15,067,211 14,413,760  
Operating income 14,170,936   15,165,356 15,111,947  
Interest income 624,304   431,314 822,447  
Interest expense 2,699,010   2,240,707 2,586,708  
Income tax 2,286,809   3,112,946 2,078,789  
Net profit (loss) attributable to equity holders of the parent 6,486,771   5,959,563 16,579,303  
Assets by segment 104,769,670   133,232,525 132,210,369  
Plant, property and equipment, net 44,999,710   48,888,907 48,876,853  
Revalued of assets 7,700,459   10,266,464 12,893,284  
Goodwill 8,495,090   11,685,585 12,253,743  
Licenses and rights, net 8,068,013   11,384,533 12,363,039  
Investments in associated companies 0   351 395  
Liabilities by segments 57,393,854   65,631,866 63,610,642  
Operating segments [member] | Andean [member]          
Disclosure of Operating Segments [Line Items]          
External revenues 55,426,258   52,888,323 53,846,358  
Intersegment revenues 72,142   73,828 88,305  
Total revenues 55,498,400   52,962,151 53,934,663  
Depreciation and amortization 10,698,869   11,211,523 11,447,356  
Operating income 8,262,395   7,457,802 8,698,645  
Interest income 906,176   833,540 1,049,261  
Interest expense 860,572   1,213,421 2,223,478  
Income tax 2,870,743   2,375,281 3,115,693  
Net profit (loss) attributable to equity holders of the parent 6,122,291   4,180,473 4,649,047  
Assets by segment 85,782,831   95,719,937 101,717,708  
Plant, property and equipment, net 33,480,299   34,395,339 36,102,261  
Revalued of assets 5,938,449   8,389,460 9,500,708  
Goodwill 4,678,851   4,688,154 4,866,363  
Licenses and rights, net 4,271,910   5,502,139 6,870,531  
Liabilities by segments 36,223,727   44,676,727 53,379,366  
Operating segments [member] | Central America [member]          
Disclosure of Operating Segments [Line Items]          
External revenues 47,054,127 [4]   45,406,174 [5] 44,823,244 [5]  
Intersegment revenues 160,459 [4]   62,764 [5] (129,419) [5]  
Total revenues 47,214,586 [4]   45,468,938 [5] 44,693,825 [5]  
Depreciation and amortization 11,178,361 [4]   10,830,440 [5] 11,784,026 [5]  
Operating income 7,540,132 [4]   8,700,382 [5] 5,844,137 [5]  
Interest income 431,741 [4]   269,379 [5] 1,130,767 [5]  
Interest expense 1,033,792 [4]   1,061,526 [5] 1,419,010 [5]  
Income tax 1,708,728 [4]   2,940,404 [5] 1,504,240 [5]  
Net profit (loss) attributable to equity holders of the parent 5,059,038 [4]   4,746,847 [5] 3,922,577 [5]  
Assets by segment 96,321,649 [4]   101,725,955 [5] 88,690,683 [5]  
Plant, property and equipment, net 41,312,113 [4]   42,407,727 [5] 37,855,227 [5]  
Revalued of assets 0 [4]   9,113,632 [5] 7,059,247 [5]  
Goodwill 6,312,511 [4]   6,002,380 [5] 6,345,659 [5]  
Licenses and rights, net 3,599,560 [4]   5,220,437 [5] 5,427,857 [5]  
Investments in associated companies 23,896 [4]   26,348 [5] 25,413 [5]  
Liabilities by segments 42,725,447 [4]   42,823,861 [5] 34,252,511 [5]  
Operating segments [member] | Caribbean [member]          
Disclosure of Operating Segments [Line Items]          
External revenues 40,859,951   37,858,979 37,182,842  
Intersegment revenues 1,854,029   2,069,648 1,440,983  
Total revenues 42,713,980   39,928,627 38,623,825  
Depreciation and amortization 7,133,908   6,987,129 7,094,331  
Operating income 10,284,834   8,661,475 6,701,086  
Interest income 701,794   701,785 1,105,420  
Interest expense 1,152,370   1,066,733 1,658,619  
Income tax 2,432,392   2,171,594 2,524,214  
Net profit (loss) attributable to equity holders of the parent 6,649,004   5,151,166 3,294,111  
Assets by segment 101,143,182   102,949,901 109,914,293  
Plant, property and equipment, net 40,606,623   41,601,009 39,128,447  
Revalued of assets 1,434,188   2,564,149 2,572,504  
Goodwill 14,186,723   14,186,723 14,186,723  
Trademarks, net 220,350   229,000 219,087  
Licenses and rights, net 10,124,134   10,847,685 8,616,880  
Liabilities by segments 48,434,551   53,885,848 60,839,340  
Operating segments [member] | Europe [member]          
Disclosure of Operating Segments [Line Items]          
External revenues 105,956,056   113,838,486 111,472,191  
Total revenues 105,956,056   113,838,486 111,472,191  
Depreciation and amortization 22,761,938   27,469,463 25,593,204  
Operating income 16,155,520   13,421,147 13,159,865  
Interest income 229,958   116,031 90,746  
Interest expense 1,281,857   2,414,415 2,546,255  
Income tax 3,151,281   3,438,161 2,234,065  
Equity interest in net result of associated companies (39,490)   (1,757) (288,747)  
Net profit (loss) attributable to equity holders of the parent 11,795,662   8,313,018 7,777,426  
Assets by segment 154,774,150   210,944,575 239,583,759  
Plant, property and equipment, net 72,272,633   79,764,422 82,595,077  
Revalued of assets 23,280,623   28,675,224 31,556,270  
Goodwill 49,465,916   52,307,190 53,388,139  
Trademarks, net 2,565,176   2,822,625 2,981,089  
Licenses and rights, net 20,461,281   25,709,849 27,963,250  
Investments in associated companies 2,058        
Liabilities by segments 97,527,392   134,357,142 138,747,621  
Eliminations [member]          
Disclosure of Operating Segments [Line Items]          
Intersegment revenues (33,670,310)   (39,190,670) (38,511,918)  
Total revenues (33,670,310)   (39,190,670) (38,511,918)  
Depreciation and amortization (9,138)   (3,729,626) (3,202,787)  
Operating income (6,886,979)   (9,570,359) (11,200,502)  
Interest income (20,730,921)   (17,065,290) (25,823,043)  
Interest expense (20,005,724)   (16,895,379) (25,443,493)  
Income tax (109,785)   1,548 4,283  
Net profit (loss) attributable to equity holders of the parent continues operations (25,669,919)   (10,334,660) (13,359,095)  
Net profit (loss) attributable to equity holders of the parent (25,669,919)   (10,334,660) (13,359,095)  
Assets by segment (678,859,545)   (693,615,163) (737,878,785)  
Plant, property and equipment, net (462,650)   (983,169) (876,229)  
Investments in associated companies (1,260,122)   (2,253,198) 1,095,703  
Liabilities by segments $ (279,439,292)   $ (308,257,878) $ (319,064,971)  
[1] Restated for discontinued operations
[2] Discontinued operations (Claro Chile, SpA joint venture)
[3] Restated for discontinued operations (Claro Chile, SpA joint venture)
[4] Discontinued operations (Panama disposal)
[5] Restated for discontinued operations (Panama disposal)
[6] Restated for discontinued operations (TracFone disposal)
v3.23.1
Subsequent Events - Additional Information (Detail)
$ in Billions
Apr. 27, 2023
$ / shares
Mar. 31, 2023
Towers
Feb. 06, 2023
Feb. 03, 2023
Towers
Apr. 14, 2023
MXN ($)
Subsequent Events [Member]          
Disclosure of non-adjusting events after reporting period [line items]          
Validity of Agreement of Shareholders     10 years    
Subsequent Events [Member] | Telecommunications Towers [Member]          
Disclosure of non-adjusting events after reporting period [line items]          
Number of telecommunications towers transferred under spin off   3,480      
Subsequent Events [Member] | Sitios Latam [Member] | Telecommunications Towers [Member]          
Disclosure of non-adjusting events after reporting period [line items]          
Number of telecommunications towers transferred under spin off   2,980   1,388  
Approval of Shareholders Transactions [Member]          
Disclosure of non-adjusting events after reporting period [line items]          
Repurchase funds authorised amount | $         $ 20
Dividends paid, ordinary shares per share | $ / shares $ 0.46