United States securities and exchange commission logo
May 28, 2024
Carlos Jos Garc a Moreno Elizondo
Chief Financial Officer
Am rica M vil, S.A.B. DE C.V.
Lago Zurich 245, Plaza Carso / Edificio Telcel
Colonia Ampliaci n Granada, Miguel Hidalgo, 11529
Mexico City, Mexico
Re: Am rica M vil,
S.A.B. DE C.V.
Form 20-F and
20-F/A for the Fiscal Year Ended December 31, 2023
Form 6-K furnished
on April 19, 2024
File No.001-16269
Dear Carlos Jos Garc a Moreno Elizondo:
We have limited our review of your filings to the financial
statements and related
disclosures and have the following comments.
Please respond to this letter within ten business days by
providing the requested
information or advise us as soon as possible when you will respond. If
you do not believe a
comment applies to your facts and circumstances, please tell us why in
your response.
After reviewing your
response to this letter, we may have additional comments.
Form 20-F and 20-F/A for the Fiscal Year Ended December 31, 2023
Operating and Financial Review and Prospects
Results of Operations
Interperiod Segment Comparisons, page 28
1. We note your discussion
of the changes in non-IFRS adjusted segment results. Please
revise to disclose and
analyze IFRS results with equal or greater prominence. Also, revise
to reconcile the
differences between the most directly comparable financial measure
calculated and
presented in accordance with IFRS and the non-IFRS measures. Refer to
Item 10(e)(1)(i) of
Regulation S-K and Question 102.10(a) of the non-GAAP C&DIs.
Carlos Jos Garc a Moreno Elizondo
FirstName LastNameCarlos Jos Garc a Moreno Elizondo
Am rica M vil, S.A.B. DE C.V.
Comapany
May NameAm rica M vil, S.A.B. DE C.V.
28, 2024
May 28,
Page 2 2024 Page 2
FirstName LastName
Form 6-K furnished on April 19, 2024
General
2. We note that you present what appears to be a non-IFRS income
statement on page 8. The
presentation of a non-IFRS income statement, or a presentation that
gives the appearance
of one, may place undue importance on the non-IFRS information and may
give the
impression that the non-IFRS income statement represents a
comprehensive basis of
accounting. Please remove this presentation in future filings. Refer
to Rule 100(b) of
Regulation G. Also, ensure that you provide a reconciliation from IFRS
net income to
non-IFRS EBITDA and Adjusted EBITDA in your revised disclosures.
3. We note that you present EBITDA margin and Adjusted EBITDA margin
without a
corresponding measure calculated in accordance with IFRS. You also
disclose EBITDA,
Adjusted EBITDA and EBIT for each segment but do not present the most
directly
comparable IFRS measure, the segment measure of performance as
disclosed in your
financial statements, nor do you provide the required reconciliations.
Please revise in
future filings to ensure that for all non-IFRS measures you disclose
the most directly
comparable financial measure calculated in accordance with IFRS and
provide a
reconciliation from the IFRS measure to the non-IFRS measure. Refer to
Item 100(a)(1)
and (2) of Regulation G.
In closing, we remind you that the company and its management are
responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review,
comments, action or
absence of action by the staff.
Please contact Megan Akst at 202-551-3407 or Christine Dietz at
202-551-3408 with any
questions.
Sincerely,
Division of
Corporation Finance
Office of
Technology