America Movil (AMX:MX) Eyes 14-15% CapEx as Telefonica Chile Sale to NJJ and Millicom Finalizes

America Movil (AMX:MX) is preliminarily targeting capital expenditures of 14%-15% of revenues for 2026 and beyond, CFO Carlos Garcia said, following Q4 results. Following the $1.2 billion sale of Telefonica Chile to NJJ and Millicom on February 9, funds earmarked for a prior bid will be redirected to debt reduction and regional consolidation opportunities. The finance chief noted the spending plan is still to be finalized. “We expect consolidation in the market and want to be positioned to pursue it,” said CEO Daniel Hajj, referencing small fiber providers in Latin America and Desktop in Brazil, with whom the company is in talks. The quarter ended with net profit up roughly fivefold, with revenues rising over 3% on foreign exchange gains that lowered financing costs. Shares were up slightly in morning trading.