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

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 $447 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 paulo.trevisani@wsj.com

 

(END) Dow Jones Newswires

July 22, 2021 16:54 ET (20:54 GMT)

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