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Examples
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Slide 18, turning now to our cable operations, we saw a consistent rate of growth in Amnet with revenues up 9% year-over-year.
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On Colombia, the regulatory body declared America Movil as having a significant competitive position, and as of December they were asked to reduce their gross rate from their Amnet tariff plus the interconnect that meant basically Amnet tariff plus around $0.05 compared to a situation before when the gross net tariff might have been the Amnet tariff plus
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Finance cost rose steeply compared to 2008, reflecting the full-year impact of the Amnet debt in 2009.
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Year-on-year revenue growth in Amnet was 9% driven by a strong performance in broadband.
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At the same time, we have done much this year to integrate Amnet into the peak of way of doing things.
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Amnet is demonstrating good year-on-year growth in a negative GDP environment.
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You commented a little bit on Amnet and broadband.
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Just was wondering if that changes your strategy at all in Latin America either with Amnet or potentially other fixed line assets within the region directly or do you see that having competitive impact at all?
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Slide #20; margins in Amnet continue to be strong although they're down slightly year-on-year after our initial investments towards the business that really comes operational standards.
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The majority of our costs in El Salvador, since we are market leader on Amnet, so the approximate cut is a quite small segment for us and we actually saw virtually full elasticity on those tariff cut.
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