America Movil acquires Desktop: what it means for America Movil stock

Published on 10/06/2026 at 17:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The Desktop transaction covers 72.83 percent of its capital stock. For America Movil stock, revenue reached MXN 241.1 billion in Q2.

AMX, US02390A1016, Illustration mit AI erstellt.

America Movil stock is tied to a completed Brazilian acquisition after the company bought 72.83 percent of Desktop's capital stock on October 1, 2026. The transaction adds a broadband operator to the group's regional telecom platform and gives the latest corporate event a measurable operating angle, according to StockTitan.

Desktop adds Brazilian scale

The filing says a Brazilian subsidiary closed the acquisition of 72.83 percent of Desktop on October 1, 2026. The completed ownership change matters because Desktop expands America Movil's fixed-line and broadband footprint in Brazil, while the filing identifies the parent under both the BMV and NYSE tickers AMX.

Revenue grew in the second quarter

America Movil reported MXN 241.1 billion of revenue in the second quarter of 2026, a 3.10 percent increase from the same period a year earlier. Service revenue reached MXN 205.9 billion, while net income rose 9.20 percent to MXN 24.3 billion, according to Rio Times.

The operating comparison is also visible in the customer base. America Movil ended June 2026 with 414.5 million access lines, including 334.3 million mobile subscribers and 37.8 million broadband connections, giving the Desktop deal a larger existing network to integrate.

Debt and cash flow frame the deal

Net debt excluding leases stood at MXN 402.0 billion at the end of June 2026, or 1.31 times annual earnings on the company's stated leverage measure. That balance makes integration discipline important because the acquisition adds Brazilian assets while America Movil continues investing in mobile, fixed-line and broadband networks.

AMX market context

On the NYSE, AMX was at USD 22.28 at 11:14 a.m. ET on October 6, 2026. The stock's 52-week range was USD 19.70 to USD 28.46, and its market capitalization was USD 66.9 billion on the same date. For investors, the next test is whether Desktop can add operating scale without weakening the cash-flow profile that supports network investment.