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Business combinations, acquisitions and non-controlling interest | 12 Months Ended
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Dec. 31, 2020
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Business combinations, acquisitions and non-controlling interest | 12. Business combinations, acquisitions and non-controlling interest a) The following is a description of the major acquisitions of investments in associates and subsidiaries during the years ended December 31, 2019 and 2020: Acquisitions 2019 a) On January 24, 2019, the Company acquired 100% of Telefónica Móviles Guatemala, S.A (“Telefónica Guatemala”) from Telefónica S.A. and certain of its affiliates. The acquired company provides mobile and fixed telecommunications services, including voice, data and Pay TV. The final purchase price paid for the business acquisition was Ps.5,734,254, net of acquired cash. For the purchase accounting, the Company determined the fair value of Telefónica Guatemala´s identifiable assets and liabilities based on relative fair values. The purchase accounting is completed as of the date of the financial statements and the values of the assets acquired and liabilities assumed are as follows:
|  | 2019 amounts at the acquisition date |
Current assets |  | Ps. | 1,312,906 |
Other non-current assets |  |  | 257,853 |
Intangible assets (excluding goodwill) |  |  | 1,354,105 |
Property, plant and equipment |  |  | 4,144,334 |
Rights-of-use |  |  | 864,046 |
Total assets acquired |  |  | 7,933,244 |
Accounts payable |  |  | 1,248,470 |
Other liabilities |  |  | 1,705,580 |
Total liabilities assumed |  |  | 2,954,050 |
Fair value of assets acquired a liabilities assumed-net |  |  | 4,979,194 |
Acquisition Price |  |  | 6,174,330 |
Goodwill |  | Ps. | 1,195,136 |
b) On December 18, 2019, after receipt of the necessary approvals from local regulators, the Company completed the previously announced acquisition of 100% of Nextel Telecomunicações Ltda. and its subsidiaries (“Nextel Brazil”), from NII Holdings, Inc. and certain of its affiliates (“NII”) and AI Brazil Holdings B.V. Nextel Brazil provides nationwide mobile telecommunications services. The aggregate purchase price was Ps.17,992,362, after making adjustments pursuant to the Purchase Agreement. After deducting Ps.9,325,712 of net debt, the net purchase consideration transferred at closing was Ps.6,905,539 net of acquired cash. The net assets recognized in the 31 December 2019 financial statements were based on provisional amounts, the Company finished the Purchase Price allocation adjusting some values mainly for the spectrum licenses from the provisional goodwill, as a result the final goodwill was Ps.1,912,372. The final amounts as of the date of the financial statement and the values of the assets acquired and liabilities ass u med are as foll o ws:
|  | 2019 amounts at the acquisition date |
Current assets |  |  | Ps. 6,366,943 |
Other non-current assets |  |  | 5,970,810 |
Intangible assets (excluding goodwill) |  |  | 12,914,175 |
Property, plant and equipment |  |  | 5,147,093 |
Rights-of-use assets |  |  | 8,086,655 |
Total assets acquired |  |  | 38,485,676 |
Accounts payable |  |  | 9,170,230 |
Other liabilities |  |  | 22,504,097 |
Total liabilities assumed |  |  | 31,674,327 |
Fair value of assets acquired a liabilities assumed-net |  |  | 6,811,349 |
Purchase consideration transferred |  |  | 8,723,721 |
Goodwill |  |  | Ps. 1,912,372 |
Acquisitions 2020 a) During 2020, the Company acquired through its subsidiaries, other entities for which it paid Ps.152,896, net of acquired cash. b) The Company acquired an additional non-controlling interest in its entities for an amount of Ps.1,104,662. c) In December 2020, the offer submitted by our Brazilian subsidiary, Claro, jointly with Telefónica Brasil, S.A. and TIM, S.A. for the acquisition of the mobile business owned by Oi Group was accepted. The offer is in the amount of R$16.5 billion, of which Claro will pay 22%. In consideration of such amount, Claro will receive 32% of Oi Group’s mobile business customer base and approximately 4.7 thousand mobile access sites. The closing of the transaction is subject to customary conditions including regulatory approvals from Anatel and Conselho Administrativo de Defesa Econômica, CADE. Consolidated subsidiaries with non-controlling interests The Company has control over Telekom Austria, which has a material non-controlling interest. Set out below is summarized information as of December 31, 2019 and 2020 of TKA’s consolidated financial statements. The amounts disclosed for this subsidiary are before inter-company eliminations and using the same accounting policies of América Móvil. Selected financial data from the consolidated statements of financial position
|  | December 31, |
|  | 2019 |  |  | 2020 |
Assets: |  |  |  |  |  |  |  |
Current assets |  |  | Ps. 29,516,038 |  |  |  | Ps. 32,775,046 |
Non-current assets |  |  | 137,724,390 |  |  |  | 150,747,947 |
Total assets |  |  | Ps.167,240,428 |  |  |  | Ps.183,522,993 |
Liabilities and equity: |  |  |  |  |  |  |  |
Current liabilities |  |  | Ps. 34,608,254 |  |  |  | Ps. 49,942,415 |
Non-current liabilities |  |  | 89,711,288 |  |  |  | 82,293,652 |
Total liabilities |  |  | 124,319,542 |  |  |  | 132,236,067 |
Equity attributable to equity holders of the parent |  |  | 21,864,132 |  |  |  | 26,129,649 |
Non-controlling interest (1) |  |  | 21,056,754 |  |  |  | 25,157,277 |
Total equity |  |  | Ps. 42,920,886 |  |  |  | Ps. 51,286,926 |
Total liabilities and equity |  |  | Ps.167,240,428 |  |  |  | Ps.183,522,993 |
Summarized consolidated statements of comprehensive income
|  | For the year ended December 31, |
|  | 2018 |  |  | 2019 |  |  | 2020 |
Operating revenues |  |  | Ps.100,716,444 |  |  |  | Ps.98,420,289 |  |  |  | Ps.111,472,191 |
Operating costs and expenses |  |  | 95,984,880 |  |  |  | 89,732,428 |  |  |  | 98,312,325 |
Operating income |  |  | Ps. 4,731,564 |  |  |  | Ps. 8,687,861 |  |  |  | Ps. 13,159,866 |
Net income |  |  | Ps. 3,809,694 |  |  |  | Ps. 5,051,145 |  |  |  | Ps. 7,787,388 |
Total comprehensive income |  |  | Ps. 5,047,838 |  |  |  | Ps. 1,466,783 |  |  |  | Ps. 12,103,406 |
Net income attributable to: |  |  |  |  |  |  |  |  |  |  |  |
Equity holders of the parent |  |  | Ps. 1,942,944 |  |  |  | Ps. 2,565,733 |  |  |  | Ps. 3,986,412 |
Non-controlling interest |  |  | 1,866,750 |  |  |  | 2,485,412 |  |  |  | 3,800,976 |
|  |  | Ps. 3,809,694 |  |  |  | Ps. 5,051,145 |  |  |  | Ps. 7,787,388 |
Comprehensive income attributable to: |  |  |  |  |  |  |  |  |  |  |  |
Equity holders of the parent |  |  | Ps. 2,574,397 |  |  |  | Ps. 748,059 |  |  |  | Ps. 6,172,737 |
Non-controlling interest |  |  | 2,473,441 |  |  |  | 718,724 |  |  |  | 5,930,669 |
|  |  | Ps. 5,047,838 |  |  |  | Ps. 1,466,783 |  |  |  | Ps. 12,103,406 |

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