Telecom

America Movil Sees Service Revenue Growth Across Geographies

Carlos Slim, chairman emeritus of America Movil SAB.

Photographer: Luis Antonio Rojas/Bloomberg

Billionaire Carlos Slim’s wireless provider America Movil SAB saw its service revenue grow 7.3% in the second quarter year over year, a sign it’s starting to benefit from a strengthening Mexico economy.

Shares rose 3.9% at 10:30 a.m. in Mexico City trading Wednesday.