America Movil posts increase in profits in the second quarter. The profits for the second quarter stand at $2.1 billion which represents a 14 percent rise, attributed to subscriber growth for one and then currency fluctuations on the other. Ironically, the company’s native Mexican market was known to have been affected by regulatory pressures.

There was an overall revenue rise by 7.8 percent to $13.7 billion. In addition, the subscriber base increased to 236 million customers. On the other hand, 9.4 percent rise in mobile revenue was propelled by a 26.7% rise in mobile data revenues, in addition to 5.2% rise in fixed-line revenues supported by PayTV and broadband revenues.

At the end of June, the company saw 5.1 million new subscribers joining in, within three months. The company also boasts of has 28.9 million landlines, 14.0 million broadband customers and 11.6 million PayTV units.

In comparison to the preceding year, wireless subscriptions in Mexico rose by 1.3 million, representing a 22.2% increase. In addition, the company gained 2.1 million new customers in Brazil, representing a rise of 59% as compared to last year while 669,000 new subscribers joined the company in Colombia that represents close to three times the number added the previous year for the same period.

The company’s subscriber base at June end stood at 66.9 million in Mexico, 55.5 million in Brazil, 30.6 million in Colombia and 18.6 million in Argentina, in addition to 18.8 million and 17.5 million in the USA and Central America, including the Caribbean respectively.

The company’s net debt shot up to $18.72 billion from $17.86 billion in December 2010, in a bid to fund capital expenditures of $3.53 billion and share buybacks and dividends of nearly $2.76 billion.