Hi. Good morning, everyone.

Thank you for joining us today to discuss our second quarter 26 financial and operating results. We have on the line Mr.

Daniel Hajj Aboumrad, CEO.

Mr. Carlos Garcia Moreno, CFO.

Thank you, Daniela. Welcome, everyone, to America Movil's second quarter of 26 financial and operating report.

And Carlos is going to give us a summary of the results.

Thank you, Daniela. Good morning, everyone.

Well, we can see that throughout the second quarter, with the Iranian regime, oil prices remained elevated peaking mid-May at a price roughly 70% higher than prior to the war. This brought about greater concerns regarding inflation worldwide and the expectation and, in some cases, the reality of high interest rates including those at the long end of the yield curve.

30-year U.S. Treasury notes, which hit the highest yield in nearly 20 years.

However, in spite of the supporting dollar rates, the U.S. dollar did not grow stronger against most currencies in our region of operations, this in the quarter.

And in fact, actually, we appreciated 6% versus the Colombian peso. In the second quarter, we added 3.5 million postpaid subscribers, with Brazil leading the way with 1.5 million subscribers.

Columbia followed with 250 thousand Peru with 173 thousand Argentina with 154 thousand and Mexico with 101 thousand postpaid subscribers. In the prepaid segment, we registered $3.9 million in net losses as Colombia and Argentina cleaned up their base.

In the fixed line segment, we connected 531 thousand new broadband accesses. Mexico was the main contributor with 170 thousand accesses followed by Brazil with 83 thousand and Colombia with 74 thousand.

As regards pay TV, we added 10 thousand units with most of them coming from Argentina. Eastern Europe, and Central America.

Mobile postpaid and fixed broadband access remains the main driver of growth of our customer base. Increasing at an even faster pace 9.1% and 6.1%, respectively, compared with the year earlier quarter.

Second quarter revenue was up 3.1% year on year in Mexican peso terms to 241 billion Mexican pesos. Service revenue increased 3.4% and EBITDA, 6.8%.

Compared to a year earlier quarter, the Mexican peso appreciated significantly to the dollar and the euro. At 129%, and I am gonna say, respectively.

While remaining flat versus the Brazilian airline, depreciating 3% versus the Colombian peso. At constant exchange rates, service revenue was up 5.1% while EBITDA increased 5.3%.

It would have increased 6.7% absent a 1-off charge in Mexico. Mobile service revenue maintained the pace it has observed over several quarters.

6.5%. Fixed line service revenue accelerated to 2.7% from 1.7% in the prior quarter.

With the downward trend in fixed line growth, coming to an end. On the mobile platform, postpaid revenue expanded 7.2% as in the preceding quarter.

With prepaid revenue growth continuing to accelerate to 5.3% up from 3.1% a year ago. Mexico, Colombia, Central America and Eastern European blocks were the best performers in terms of improved mobile service revenue growth.

Regarding fixed line service revenue in the residential segment, both broadband and pay TV revenue growth somewhat more rapidly than in the preceding quarter. 4.2% and 5.4%, up from 3.1% and 4.6%, respectively.

B to B revenue growth remained stable at 4.0%. Mobile Peru and Central America all contributed to the improvement in broadband revenue growth.

As for the recovery in the Pay TV segment, Brazil was the top performer, moving up from 4.7% pace to 7.5% pace. Okay.

Operating profit totaled 51.8 billion and was up 9.5% in Mexican peso terms. Our comprehensive financing cost rose to MXN 10.4 billion reflecting lower foreign exchange gains that more than offset lower net interest costs.

Our net income totaled MXN 24 billion, a 9.3% or a 90.2% increase from the year earlier quarter. It was equivalent to $0.40 per share or $0.47 per ADR.

So at the first half of the year, our capital expenditure amounted to 48 billion pesos, our share buybacks to $44.6 billion, the service of our labor obligations to 8.4 billion pesos. These were all covered by our cash flow, which together with net dividend income of 1.31 billion, allow us to reduce our net debt in cash flow terms by 30 billion.

You can see in the slide. Excluding capital at least obligations, net debt totaled ARS 402 billion at the end of June, which represented 1.31x last 12 months EBITDA after leases.

So with that, I will conclude this presentation and will pass the floor back to Daniel.

Thank you, Carlos. We can start with the Q&A.

Hi, everyone. Good morning.

Thank you for taking the question, and congrats on the numbers. We loved the deleveraging we saw.

My question will be regarding competition in Brazil. You mentioned a more competitive and promotional environment in Brazil.

Which segments are most concerned And how does this entry level hybrid plans such as ClaroFlex, fit in these scenarios? So I am asking specifically about the new, around 30 reais per month low end hybrid plan that all the 3 mobile carriers launched.

Thank you.

Thank you, Leonardo. We are talking a little bit about Brazil.

I think in Brazil, we have a lot of things. So the first is, well, if you see 1 year ago, second quarter, the growth was very high.

So the comparative between second quarter last year and second quarter this year is a little bit difficult because second quarter of last year the growth was, higher than it used to be in the other quarter. So it is a difficult comp comparison between quarters.

Okay? that is 1 of the things.

The second thing is, no doubt, that the market has been more promotional. Where we have seen where we are seeing more promotions are in peak prepaid and in postpaid.

What you see what you said about the ClaroFlex, I do not think there is any change on the trends on ClaroFlex postpaid prepaid? I think everybody's more or less seeing the same trend.

So we are not selling more cheap postpaid or more cheap prepaid So we are seeing the same trend. The only thing is that promotions are becoming a little bit more strong.

I still think that we are going to have a recovery in the second half, better in the third, but more in Q4. And we are going to see, again, a little bit more growth.

in mobile. But, well,, if promotions and our competitors are more aggressive, then we need to be a little bit more aggressive.

So I am not sure what is going to happen in the next months. Maybe the promotions are not so aggressive, but who knows.

So depends a lot. We are following them since May.

TIM and Vivo have become more aggressive. So we have to follow, and we are going to follow that.

So that is what is happening. In the other side, in the fixed side, we have been growing revenues So we are growing revenues from let's say, we have in Brazil, I can tell you, we started 1 year ago, 1.5% growth, then 1.8%, then 2.6%.

And today, 4.1. So in fixed, things are going better, and things are looking stronger.

So we, at the end of the day, we have a very strong network We are doing very good in 5G. We are investing in customer care.

We have a very good NPS. We are doing convergence.

So if the market is aggressive for this moment, then we are gonna be a little bit more aggressive. And in the future, if things are going the other way, and less promotions, then we are gonna see better revenue.

So we are still gaining in mobile portability, We are the gainers in postpaid in mobile portability. So all overall, we are, looking Brazil good and that.

The other thing important that you can see is that we think and we are feeling a little bit a slowdown in the economy. that is also 1 of the things that we are looking at why revenues are decreasing a little bit because the economy we see a little bit of a slowdown, but it is too early to see.

Let's see what is happening in the next month and then we can find the if the economy the trend is going slow, or it is gonna stay the way it is. So that is more or less what we have in Brazil.

Makes a lot of sense.

Thank you very much, Daniel. Thank you.

Hi. Good morning.

Thank you for the opportunity to ask questions. I want to ask about Mexican prepaid performance.

The revenue growth we are seeing there has been accelerating every quarter for many quarters already. Usually, you discuss this in the light of improving Mexican economy, but what we hear from consumer companies it is kind of a not such a great story in the consumption side.

Yet, your performance is good. What kind of initiatives have you been putting forward?

What is happening in the competitive environment from inside or outside of America Movil that is helping you to deliver these results? Thank you.

Well, as you said, we think that the economy at the beginning when we were almost flat in prepaid and we are growing maybe 1% in prepaid was maybe 2 years ago, when we think that the economy was in a slowdown, period. But right now, I think the economy is going back.

And our prepaid customers are consuming, are recharging more and are charging, higher cards, higher prepaid cards. Okay?

So, instead of charging 50 pesos, they are charging 80 or 100. So people are starting to use more and more 5G in Mexico.

Really, we are the only ones that has a very good 5G network, and that is also helping us a lot. And in the other side, we have a little bit more coverage, so we are gaining some good subscribers that we do not have.

We are starting to do a little bit more coverage in some places. But overall, we have a very good base on prepaid We difficult to say, but we have a lot of our prepaid customers are consuming.

So we do not have a base where all some of them are consuming or they are maybe 1 month consuming and 2 months not. So all these customers are every month are charging and using more data.

So the those are the things that are helping a lot on the prepaid side. So our base of people who is recharging is growing, and that is very good for us.

Perfect. Thank you very much.

Marcelo, this is Carlos. Just a small detail on the economy.

As Daniel pointed out, I think that economies are not recovering fast. It is coming back.

I think at this stage, it is very uneven. it is not affecting all the sectors the same way.

But I will give you the 2 reference points. As of June, we have registered the highest ever volume of sales of automobiles, highest ever.

And the growth of the automobile sales are almost identical to our prepaid revenues. The growth of the prepaid revenues.

Just to put it in perspective. Another reference point is if you look at other services like restaurants, they are you know, they are booming.

All sorts of restaurants. You know?

High end, low end all of them are working. So it is a little bit uneven.

You know, you have sectors that are doing particularly well, some other sectors that are still not recovering. Okay.

Very interesting. Thank you.

Thank you.

Hi, everyone. Thanks for taking my questions.

My first question is in also on Mexico mobile revenue growth. It has registered a very strong growth, but I am wondering if it had any positive impact from the World Cup that is happening.

Are you seeing higher roaming revenues? Have you seen higher growth in June compared to other months?

The second question is also on Mexico. How is the progress happening on the mobile registration?

And how many what percentage of customers have already been registered? On this front?

Thank you.

Alright. The first, I think the World Cup impact but impacts a little bit, so I do not think it is too much.

there is not the World Cup was not only Mexico, so only we have only like, 7 games, something like that. So there is people coming.

We see more roaming here in Mexico, more people using. it is not only the roaming since people is using more.

it is looking we have a very good 5G network, so they are looking the game in the iPad, in the phone. So that will have a little bit more consumption.

That will be only 2 weeks in June. So it is not too much.

So but what we are seeing is that a lot of our customers are coming back to our store and want to renew, they are renovating. Maybe I can tell you that maybe half of our subscribers are upgrading their plan.

So that is very, very important. So they want to use they want to have a better plan.

They want to use more. They and they are using more of the handset.

So that is what is giving us on postpaid a very good growth. So a lot of our customers are moving to a higher plan.

So that is what you could see. The market is very competitive.

We have a lot of competition in the market. But as I said, we are the only really 5G network, very good network all around Latin America.

We are working a lot on quality. We are we are working a lot on speed.

Customer care. So we are trying to give our customers the best, service and that is making us to grow that.

So and in the registration, well, for now on, there is the what we said in our is that there is gonna be new dates for the registration. The dates are going to be depending on the end of your number is when you need to be registered.

it is going to be only the prepaid subscribers. The postpaid are already registered, so they do not need to register the postpaid subscribers.

And I do not know exactly the number on the industry, but there is still a lot to do on that. So every month, every 15 days, every month, there is going to be a new number.

And then you have to register your prepaid number. So that is what it is.

It starts in August 15, and it ends, I think, at the end of November or beginning of December. And, well, that is what the authorities are saying, and that is what the people needs to do.

In prepaid, they need to register. Since January all the people, all the new customers that all of the companies has to be registered.

So since that, all of them has to be registered. And this is only for the actual customers that need to register their numbers.

So that is where we are, and we hope that all of them will register.

Yes. Thanks for the responses, everyone.

Thank you.

Hi, everyone. Thanks for the opportunity.

I have a couple of questions. The first on the line item, other financial expenses, it rose to roughly 6.9 billion Mexican pesos in the quarter.

This was a 40% increase year over year. Could you please break down what drove that increase But specifically, how much of this relates to cash outflows tied to your labor obligations and special funds?

We saw this was nearly 6.9 billion Mexican pesos in the quarter as well. Also looking forward, what level of annual pension related cash outflow should we model given the maturity of the Telmex plan?

This is the first 1. And the second on Nucell, could you gently walk us through how it reflected in your account and KPIs?

Specifically, are no sales users counted within your reported subscriber base and net ads? We think so.

But if you could confirm, but also, how are the economics recognized full revenue or only Plato's revenue share? So we can have an idea on how this impacts ARPU.

And finally, how should we think about the associated network commercial costs and margin profile of Nucell in our results. Thank you so much.

Yes, thank you, Rogério. On the first question, on other financial expenses, all the financial expenses, basically, what you we are reflecting is partly a little bit of the elements of the fine that was mentioned a while ago.

Because as the fine for the ruling was some years ago, part of the finance the other financial expenses. No, it was part of what was financial penalties that were accrued since the initial ruling.

Okay? The other part that is important, other expense is generally and this is you will see it all the time.

that is why we have the hedging the currency hedging transactions among other things. So, typically, when you are gaining on FX.

To extent that those gains had already been or those trends had already been hedged, you are giving back part on your expenses. It works on opposite directions both cases.

Okay? So that is part of it.

So it is part of the fine and part of your expenses. Nothing to do with the pensions.

The pensions are accrued and accounting basis. But what we are showing here is an accrual basis.

it is not on a cash flow basis. Okay?

And the accrual basis, there is no change.

And on Nucell, there are 2 types of MVNOs in Brazil. The 1, we call them 'acreditados'.

And the other ones are authorized MVNOs. Nucell is 1 of the ones that is 'acreditados', that they work like a commercial agent, and that those customers count as our base.

We count them in our base in Claro. So that is the way we count.

So all the Nucell subscribers are inside Claro customers.

Okay. Perfect then.

And the revenue is the full revenue charged by Nucell that enters our-- No. No.

The revenue is the part that is included in ours.

that is our revenue and the rest is Nucell's revenue. No?

So we divide that. So that is where we have.

But Nucell has been working maybe for 1 year or more. so, more.

Okay. Fair enough.

Very clear. Thank you so much.

Thank you.

Hi. Thank you for taking my question.

My question is regarding capital allocation. I was wondering, given the current weakness, we have seen in the US dollar and how this could benefit your investment needs Do you see any downside risk to your full year CapEx guidance?

And if so, and given your currently standing at the lower end of your leverage ratio, do you see incremental free cash flow being directed for share buybacks? Thank you.

Oh, the weak dollar is difficult for us in CapEx because then for the same things that you do, then it is going to be more dollars. So we need let's say, on dollars, it is more dollars for the same budget that we have.

So it is in terms of the CapEx, it is not helping. While in terms of revenues, it is helping.

So that is where we in cost in CapEx, it is a little bit more. So but we are in the target that we have 7 billion and each was 7 billion a little bit more, a little bit less, but we are in that target, and we are not going to move on that.

And then the second question, can you can you repeat it, please?

Leverage. The leverage, you say, what is the Do you see any Okay.

In group No. I think what we are Are you seeing incremental free cash flow Yeah.

if we see any incremental cash flow going for buybacks. No.

I no. I think, you know, what we have said consistently is, we first determine what our leverage ratio is meant to be.

Okay? So we need to look at the at our leverage ratio considering the expenses that we are already committed to take, which will include the purchase of desktop, which likely is going to close this year.

that is our expectation in any case. Okay?

So we basically manage to stay within the range that we have set. So it is not more than 1.5 times net debt to EBITDA.

Not less than 1.2 times net debt to EBITDA. So that you can see that we have some limits in terms of how much we can reduce our leverage at this point.

And what we and also adding another thing that we just announced yesterday the Wow acquisition that we have. I think makes a lot of sense for us in Peru.

it is some more fiber, more than 3 million houses passes with fiber. 500 thousand customers.

And creates a lot of synergies with us. So and we are open to see more of those acquisitions.

So they are good for us. We are gonna they are broadband customers that we can sell prepaid, postpaid, or TV also.

This network is outside of Lima. And it is a good complement for us.

The fiber also helps us to do corporate clients that we are growing and doing very good there. So the small businesses are also as Oscar is saying.

So we are also looking for other good acquisitions that we can have. No?

Hi, everyone. How are you?

Hope all is well. So I have 1 question, please, and it is related to M&A strategy in Europe.

If you can you let us know what you are looking at or what makes sense for Amex at this point. Let me look to you, please.

Thank you.

Well, thank you. We are open to see everything, but what we are really looking for are these types of companies like Desktop, like Wow that adds fiber customers, that add a fiber complement to our fiber network.

That we can sell more things to those customers like prepaid, postpaid. And as I said also, the fiber will be in the small and medium companies and have a lot of synergies.

I think we can have a lot of synergies with this company. So those are the companies that we are looking.

So are we are not looking to go outside right now to other countries, but we are looking things inside our country that will make us grow a little bit faster and consolidate the market. Consolidation of the market will be important.

Perfect. Thank you.

Thank you.

Hi. Thank you for taking our question and congratulations on the results.

So it is 2 questions. The first is on Colombia.

You delivered really strong results consistent with past quarters. Could you talk about how you see this market evolving?

Especially now that some time has passed since the acquisition of Telefonica closed? And the second question is on Argentina.

Given the recent competition authorities resolution on potential consolidation in the market, Does it change how you view the long term outlook for Argentina? Or any comments you can give are greatly appreciated.

Thank you.

Well, good that you are talking about other countries. it is so Colombia I think we are doing very good.

In Colombia, growing very fast in mobile. We were the first 1 in-- let me tell you, we are growing from 7% to 7.6% then to 10% the growth in mobile revenue.

So, we were the first ones to do 5G there. We have a very good network.

And portability is going well with us. So that is the reason why we are growing.

Also, a lot of customers are moving to higher plans. We work a lot on also service quality, speed.

So all of that is making that our customers will use more the service and that new customers are coming to our network. In the other side, in the fixed side, we are moving also to do more fiber.

it is more challenging, probably. Mobile is more challenging, but I think we can grow.

We are doing fiber. We have a good network.

Good sales and distribution. So I think we are gonna do much better in the fixed.

In corporate. Yeah.

It is.

As well in Colombia, I was saying, I think, you know, the segment, on corporate segment, we are growing pretty nicely in Colombia as well. K.

So good in good in mobile, good in corporate, and moving to be better in broadband, fixed TV, and mobile. that is where we are.

And in Argentina, well, in Argentina, we are going to compete against a big competitor there. But not nothing else to do.

So we have fiber We have a good broadband. We have 5G and we are growing.

So, that is what we want to do, and that is the same strategy that we have. We do fiber to be more customers in broadband and TV, and we are competitive in price.

So we have a good prices there. So that is where we are.

And we are growing also very good, we do not say about Peru, but in Peru, we are growing very good in broadband, very good in corporate segment. The growth in Peru, I think, on the fixed side was around 12%.

So it was incredible, the growth in Peru. And that is what we are doing, and looking to still grow more there.

So there is a lot of opportunities in the corporate segment also in Peru.

Yes. Really clear.

Thank you.

Hi. Thanks for the follow-up question.

If you could provide more details on the regulatory fine of 1.3 billion Mexican pesos on Telmex, what are the reasons behind it? And also the potential recurrence of regulatory fines going forward.

Thank you.

Well, this is something that dates back to 2017. And in 2020, this fine was imposed on an alleged violation of asymmetric measures So we contested the time, and now in June, it became final.

So we believe it is disproportional. It does not make any sense, this fine.

it is 6% of the revenue, which is the minimum in accordance to the law, and we think it is completely absurd what they did. So, but unfortunately, at this stage, we cannot do anything.

So that is what we have. So it is it is it is not on Telmex.

it is on Telnor, an affiliate of Telmex, and that is what-- that is what gives us the these percent. So we do not think it is we think those fines are absurd, absurd.

So we hope and we do not think there is gonna be any more of those. that is it.

Okay. Thank you.

Hi. Thank you very much for the follow-up.

I just wanted to go back to the first question. Regarding Brazilian mobile.

So based on what you said, like, you expect the growth to improve in the third and fourth quarter. Do you see room to increase the control prices the mobile control price, hybrid prices this year?

Or not? Could you make some comments on that, please?

Thank you.

I think we can we can do increase of prices, but, well, there is a lot of competition in. So we are not gonna do anything on that until we see we see.

What we want at the end of the day is we are gonna be We have the network. We have the coverage.

To be competitive. And if there are 1, 2, or 3 months or quarters that the promotions are more aggressive, then we are gonna be there.

If that happens in May with Vivo. So in May with Vivo, we need to put more promotions.

And with TIM, we need to put more promotions and to be more aggressive. So that is what we do in May and June.

We do not know what is going to happen. As I said, we do not control the competition.

No. We control what is internal in the not the competition.

So I do not know exactly what they are gonna do. But in Brazil and in all the countries, we are prepared to compete, and if they do more promotions, then we are gonna do more promotions.

And if the promotions are a little bit not relaxed, then we can relax the promotions. But we are a long term player and if it is for some quarters or 1 year that they are too aggressive, well, that happens in Colombia, like, 3 or 4 years ago with the entrance of the new competition there, very aggressive.

Right? And today, we are growing, and we do what we need to do in the market, in our network, in training our people, And other things that we are doing is we are using and starting to use a lot more AI agents, a lot more AI, and it is gonna help us to reduce costs.

it is gonna help us to understand more our customers, and to see what opportunities we have. it is not a short term.

I think that is something that we are going to do in the long term. And it is going to help us.

In the-- we are seeing that we are growing more our EBITDA than our revenues, and that is because we are controlling our costs and expenses. So we are.

that is really the strategy of the company all around Latin America and in Europe. And, well, in some countries, maybe we have some competition 1 quarter or for 6 months, another 1 another 1.

And, well, we are prepared to do that. So that is where we are, and that is our strategy.

Alright. Thanks a lot.

Thank you.

Thanks. So in Mexico, you have had very good margins for quite some time.

I think they stepped up a couple of years ago. But you do show revenue growth there.

Just curious if there is a way to further leverage that to take margins higher specifically in Mexico.

Well, as what I said so we are really working hard to control costs, to control expenses, to find ways that will be good for our customers to increase their plan because we do not want that we sell a better plan and the people or our customers do not use that plan. We want that if we sell something, they use it and they will be happy.

We want customers for a long term, so we do not want customers for short term. So, of course, if we can find a way to increase more revenue and to reduce costs in all the companies, of course, the margin will increase.

I think overall, this quarter against last quarter of last year, the second quarter of last year, the margins of all the companies increased a little bit. So almost not all, but in almost all the companies, our margin of EBITDA increased this quarter.

Okay.

And then the sorry if this was touched on before, but the-- but the fiber acquisition and maybe potential other acquisitions, I assume, is not going to negatively impact the what has been a good trajectory in terms of capital return with dividends as well as share repurchase. But related to that, I mean, you have you still have a stake in Verizon.

Is there any thought of monetizing that stake in order to provide additional cash for acquisitions or capital return? Obviously, the leverage ratio of the company is within your target range.

So just kind of curious how all those things fit together in terms of maybe selling Verizon, how much fiber more to build, and you know, whether we are going to see a big step up more in capital return in 2027.

Well, the cash flow of this first 6 months was really good. I think we increased a lot our cash flow, but still we need to give the dividends the dividends for the second half are there.

So and with the dollar, appreciated, it is a lot of pesos what we need to give. So it is good.

No, I think what Carlos is saying. So we have a target.

And then at the end of the day, we can use that. It does not have to be immediately in the short term.

I can tell you that in the long term, there is gonna be acquisitions if we have acquisitions and return to the shareholders and reduce the debt. Those are the 3 things that we have.

We want to be as financial health as possible because, well, maybe we can have other opportunities in the future. So that is what we are.

it is still what Carlos is saying. We need to pay the acquisition of desktop at the end of the year.

So all overall, we are gonna be looking for those 3 things, acquisitions, returning capital to shareholders and reducing debt. So that is where we are.

You.

But is there any reason-- You can-- What we can what we are not seeing things in a short term. Okay?

So today, what is today and then tomorrow, we need to see a little bit more on medium and long term to do all these things. Okay?

So that is where we are. We see I still personally think that there will be more opportunities like desktop, like Wow, in the future.

And let's see. that is why we want to be healthy and to be prepared to do those things.

No? Those are.

And why continue to own Verizon?

Well, Verizon, when the share was at some price, we sold some of that. We took the decision to sell half of that.

We have not taken the decision of the other half of that. So we are we are looking for that nothing that we are not-- we are sure that in the future, we are gonna divest maybe.

We do not know exactly when we are going to divest in a hurry. We are not gonna hurry.

So there has to be a good price, and the and we are not going to hurry to sell that.

Pretty good price. it is a pretty good price right now.

Yeah. Yeah.

We solved it at the time of a lower 1 than this 1. Yes.

I know. I know.

Thank you. Thanks.

Hello. Good morning, and thank you for taking my call.

Just a quick follow-up on the Mexico numbers, specifically the prepaid subscriber numbers. I noticed that you have positive net adds in Q2 26 versus Q1 26.

And since we are in the middle of the we are we are still on the ongoing registration process, I wonder if you could share a little bit of color or the factors that guide you to have positive net adds and numbers in this quarter? Plus promotions, the World Cup, mobile for ability, or a combination of factors.

Thank you.

Look. Look.

Look. Let it is very difficult to explain what is happening since the registration in January is with the new customers.

it is very difficult because some customers decide not to renew because if they renew, they have to register. So people are not registering.

So what we have left disconnections. So a little bit less churn or less disconnection, but it is very difficult.

The way we still were seeing and trying to understand what people are thinking but change a little bit because people used to buy very cheap and then use and then buy another handset and then use the behavior of the prepaid subscribers are changing a little bit. And we need to see.

But at the end of the day, the most important thing in prepaid is the amount of revenue that you are getting per month. And I think that is what is doing good, and we are doing fine there.

Yeah. And just to give a reference point.

Note that prepaid net adds at second quarter were 146 thousand in Mexico. A year ago, second quarter of last year, they were 83 thousand.

And 2 years ago, they were 106 thousand. So if you look at the last 3 years, you know, the second quarter has given us better net adds.

In prepaid. See.

And another thing that is happening in all the countries is that there is a lot of people moving from prepaid to postpaid. So in some countries, they are moving more from prepaid to postpaid.

In other ones, a little bit less. But as people is understanding that, well, the handset is part of the life of the person.

So they are moving. When they can, they move to a postpaid, and in postpaid, they hire more data.

And more applications and do more things. So that is gonna be the trend for the next 5 years.

there is gonna be more people moving from prepaid to postpaid.

Just a quick follow-up, if I may. Do you perceive there is an effect of customers coming in from Movistar now that there is an announcement of a deal, not an approval yet, but there is an announcement of Movistar changing hands?

How do you think that this is-- customer-- I think it is difficult I think it is difficult that the customer or the customers will know that the company is gonna be for sale or not for sale. Some of them know.

Others do not. But I think what we have is the number of portability we have been gainers in number portability, and we still are gainers in we are gaining number portability.

So I do not know exactly if it is because the company was for sale, and then it is still not for sale, or they are not selling because they are not do not have the authority. I do not know exactly what with those regulatory things is happening.

But we are gaining customers from all the companies.

Thank you. Thank you.

Just thank everyone for being in the call. Thank you very much.

Bye.