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AT&T : 2Q Results Benefited From Foreign Exchange in Mexico -- Currency Comment

07/22/2021 | 04:55pm

By Paulo Trevisani

AT&T Inc. said Thursday that favorable foreign exchange boosted revenue in Mexico in the second quarter.

Consolidated revenue rose 7.6% in the three months ended June 30, boosted in part by growth in Latin America.

In Mexico, revenue was up 43%, leading 17% sales growth in Latin America, the Dallas telecom said.

"Equipment revenues were $241 million, up 78.5% year over year, driven by higher equipment sales and foreign exchange benefits" in Mexico, AT&T said.

Service revenues in the country also benefited from foreign exchange, up 30% to $ million in the quarter, AT&T said.

The Mexican peso strengthened to 19.91 per U.S. dollar on June 30, from 20.46 per dollar at the beginning of the second quarter.

Write to Paulo Trevisani at

(END) Dow Jones Newswires

07-22-21 1654ET

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