XML 259 R16.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Intangible assets, net and goodwill
 12 Months Ended
Dec. 31, 2023
Text block [abstract]  
Intangible assets, net and goodwill
Note 11. Intangible assets, net and goodwill
a)
An analysis of intangible assets at December 31, 2021, 2022 and 2023 is as follows:
 
     For the year ended December 31, 2021  
     Balance at
beginning of
year		     Acquisitions     Disposals and
other
(1)
     Amortization
of the year
 (2)
     Effect of
translation of
foreign
subsidiaries
and
Hyperinflation
adjustment		     Balance at end
of year		  
Licenses and rights of use
    Ps. 253,090,161     Ps. 24,406,905     Ps. (4,427,685 )    Ps. —      Ps. (7,011,691 )    Ps. 266,057,690  
Accumulated amortization
      (134,609,064 )      —        6,469,128       (14,387,511 )      6,737,502       (135,789,945 ) 
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
      118,481,097       24,406,905       2,041,443       (14,387,511 )      (274,189 )      130,267,745  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Trademarks
      29,132,365       75,100       (1,129,666 )      —        (401,946 )      27,675,853  
Accumulated amortization
      (25,354,947 )      —        802,717       (140,205 )      308,745       (24,383,690 ) 
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
      3,777,418       75,100       (326,949 )      (140,205 )      (93,201 )      3,292,163  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Customer relationships
      29,579,266       229,936       (4,133,408 )      —        (1,105,668 )      24,570,126  
Accumulated amortization
      (25,425,605 )      —        3,830,742       (707,500 )      1,093,401       (21,208,962 ) 
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
      4,153,661       229,936       (302,666 )      (707,500 )      (12,267 )      3,361,164  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Software licenses
      17,301,146       2,660,330       (3,484,755 )      —        (1,225,585 )      15,251,136  
Accumulated amortization
      (12,233,448 )      (626 )      3,482,440       (2,738,978 )      1,052,938       (10,437,674 ) 
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
      5,067,698       2,659,704       (2,315 )      (2,738,978 )      (172,647 )      4,813,462  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Content rights
      12,036,312       818,436       (281,747 )      —        429,319       13,002,320  
Accumulated amortization
      (10,059,219 )      —        (147,668 )      (899,666 )      (404,537 )      (11,511,090 ) 
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Net
      1,977,093       818,436       (429,415 )      (899,666 )      24,782       1,491,230  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Total of intangibles, net
    Ps. 133,456,967     Ps. 28,190,081     Ps. 980,098     Ps. (18,873,860 )    Ps. (527,522 )    Ps. 143,225,764  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Goodwill
    Ps. 143,052,859     Ps. —      Ps. (3,516,287 )    Ps. —      Ps. (2,958,378 )    Ps. 136,578,194  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
 
(1)
Includes disposals related to the sale of TracFone.
(2)
Discontinued operations of Panama and the ClaroVTR joint venture. See Note 2. Ac.
 
     For the year ended December 31, 2022  
     Balance at
beginning of
year		     Acquisitions      Acquisitions
in business
combinations		      Disposals and
other
(1)
     Amortization
of the year
(2)
     Effect of
translation of
foreign
subsidiaries
and
Hyperinflation
adjustment		     Balance at end
of year		  
Licenses and rights of use
    Ps. 266,057,690     Ps. 2,656,914      Ps. 95,147      Ps. (1,785,196 )    Ps. —      Ps. (11,475,085 )    Ps. 255,549,470  
Accumulated amortization
      (135,789,945 )      —         —         1,436,078       (13,323,410 )      5,252,171       (142,425,106 ) 
  
 
 
    
 
 
     
 
 
     
 
 
    
 
 
    
 
 
    
 
 
  
Net
      130,267,745       2,656,914        95,147        (349,118 )      (13,323,410 )      (6,222,914 )      113,124,364  
  
 
 
    
 
 
     
 
 
     
 
 
    
 
 
    
 
 
    
 
 
  
Trademarks
      27,675,853       183,631        40,412        (66,000 )      —        (1,366,541 )      26,467,355  
Accumulated amortization
      (24,383,690 )      —         —         —        (110,974 )      1,041,866       (23,452,798 ) 
  
 
 
    
 
 
     
 
 
     
 
 
    
 
 
    
 
 
    
 
 
  
Net
      3,292,163       183,631        40,412        (66,000 )      (110,974 )      (324,675 )      3,014,557  
  
 
 
    
 
 
     
 
 
     
 
 
    
 
 
    
 
 
    
 
 
  
Customer relationships
      24,570,126       22,842        2,863,765        —        —        (3,267,041 )      24,189,692  
Accumulated amortization
      (21,208,962 )      —         —         (18 )      (954,256 )      2,831,217       (19,332,019 ) 
  
 
 
    
 
 
     
 
 
     
 
 
    
 
 
    
 
 
    
 
 
  
Net
      3,361,164       22,842        2,863,765        (18 )      (954,256 )      (435,824 )      4,857,673  
  
 
 
    
 
 
     
 
 
     
 
 
    
 
 
    
 
 
    
 
 
  
Software licenses
      15,251,136       5,108,485        14,205        (797,084 )      —        (3,358,767 )      16,217,975  
Accumulated amortization
      (10,437,674 )      —         —         976,417       (2,645,400 )      2,591,274       (9,515,383 ) 
  
 
 
    
 
 
     
 
 
     
 
 
    
 
 
    
 
 
    
 
 
  
Net
      4,813,462       5,108,485        14,205        179,333       (2,645,400 )      (767,493 )      6,702,592  
  
 
 
    
 
 
     
 
 
     
 
 
    
 
 
    
 
 
    
 
 
  
Content rights
      13,002,320       874,961        —         (263,798 )      —        (830,079 )      12,783,404  
Accumulated amortization
      (11,511,090 )      —         —         3,382       (881,352 )      799,892       (11,589,168 ) 
  
 
 
    
 
 
     
 
 
     
 
 
    
 
 
    
 
 
    
 
 
  
Net
      1,491,230       874,961        —         (260,416 )      (881,352 )      (30,187 )      1,194,236  
  
 
 
    
 
 
     
 
 
     
 
 
    
 
 
    
 
 
    
 
 
  
Total of intangibles, net
    Ps. 143,225,764     Ps. 8,846,833      Ps. 3,013,529      Ps. (496,219 )    Ps. (17,915,392 )    Ps. (7,781,093 )    Ps. 128,893,422  
  
 
 
    
 
 
     
 
 
     
 
 
    
 
 
    
 
 
    
 
 
  
Goodwill
    Ps. 136,578,194     Ps. 14,447,186      Ps. 280,192      Ps. (2,230,610 )    Ps. (149,696 )    Ps. (7,803,901 )    Ps. 141,121,365  
  
 
 
    
 
 
     
 
 
     
 
 
    
 
 
    
 
 
    
 
 
  
 
(1)
Includes the transaction related to Panama and Chile disposal.
 
(2)
Includes the discontinued operations of Panama and the ClaroVTR joint venture. See Note 2, Ac.
 
    
For the year ended December 31, 2023
  
    
Balance at
beginning of
year
    
Acquisitions
     
Disposals and
other
    
Amortization
of the year
    
Incorporation
(Merge, Spin
off, Sale/other)
     
Effect of
translation of
foreign
subsidiaries
and
Hyperinflation
adjustment
    
Balance at end
of year
  
Licenses and rights of use
   
Ps.
255,549,470
 
  
Ps.
18,814,933
 
   
Ps.
1,201,681
 
  
Ps.
— 
 
  
Ps.
— 
 
   
Ps.
(28,239,255
) 
  
Ps.
247,326,829
 
Accumulated amortization
   
 
(142,425,106
) 
  
 
— 
 
   
 
(63,964
) 
  
 
(11,643,803
) 
  
 
— 
 
   
 
11,328,430
 
  
 
(142,804,443
) 
  
 
 
    
 
 
     
 
 
    
 
 
    
 
 
     
 
 
    
 
 
  
Net
   
 
113,124,364
 
  
 
18,814,933
 
   
 
1,137,717
 
  
 
(11,643,803
) 
  
 
— 
 
   
 
(16,910,825
) 
  
 
104,522,386
 
  
 
 
    
 
 
     
 
 
    
 
 
    
 
 
     
 
 
    
 
 
  
Trademarks
   
 
26,467,355
 
  
 
198,532
 
   
 
(11,554
) 
  
 
— 
 
  
 
555
 
   
 
(1,313,470
) 
  
 
25,341,418
 
Accumulated amortization
   
 
(23,452,798
) 
  
 
— 
 
   
 
571
 
  
 
(139,038
) 
  
 
— 
 
   
 
1,017,013
 
  
 
(22,574,252
) 
  
 
 
    
 
 
     
 
 
    
 
 
    
 
 
     
 
 
    
 
 
  
Net
   
 
3,014,557
 
  
 
198,532
 
   
 
(10,983
) 
  
 
(139,038
) 
  
 
555
 
   
 
(296,457
) 
  
 
2,767,166
 
  
 
 
    
 
 
     
 
 
    
 
 
    
 
 
     
 
 
    
 
 
  
Customer relationships
   
 
24,189,692
 
  
 
5,550
 
   
 
— 
 
  
 
— 
 
  
 
— 
 
   
 
(3,505,503
) 
  
 
20,689,739
 
Accumulated amortization
   
 
(19,332,019
) 
  
 
— 
 
   
 
— 
 
  
 
(987,971
) 
  
 
— 
 
   
 
3,091,265
 
  
 
(17,228,725
) 
  
 
 
    
 
 
     
 
 
    
 
 
    
 
 
     
 
 
    
 
 
  
Net
   
 
4,857,673
 
  
 
5,550
 
   
 
— 
 
  
 
(987,971
) 
  
 
— 
 
   
 
(414,238
) 
  
 
3,461,014
 
  
 
 
    
 
 
     
 
 
    
 
 
    
 
 
     
 
 
    
 
 
  
Software licenses
   
 
16,217,975
 
  
 
5,846,212
 
   
 
313,446
 
  
 
— 
 
  
 
— 
 
   
 
(3,021,588
) 
  
 
19,356,045
 
Accumulated amortization
   
 
(9,515,383
) 
  
 
— 
 
   
 
1,102,658
 
  
 
(3,675,747
) 
  
 
— 
 
   
 
2,330,312
 
  
 
(9,758,160
) 
  
 
 
    
 
 
     
 
 
    
 
 
    
 
 
     
 
 
    
 
 
  
Net
   
 
6,702,592
 
  
 
5,846,212
 
   
 
1,416,104
 
  
 
(3,675,747
) 
  
 
— 
 
   
 
(691,276
) 
  
 
9,597,885
 
  
 
 
    
 
 
     
 
 
    
 
 
    
 
 
     
 
 
    
 
 
  
Content rights
   
 
12,783,404
 
  
 
737,465
 
   
 
(50,175
) 
  
 
— 
 
  
 
— 
 
   
 
(1,854,001
) 
  
 
11,616,693
 
Accumulated amortization
   
 
(11,589,168
) 
  
 
— 
 
   
 
— 
 
  
 
(672,760
) 
  
 
— 
 
   
 
1,795,303
 
  
 
(10,466,625
) 
  
 
 
    
 
 
     
 
 
    
 
 
    
 
 
     
 
 
    
 
 
  
Net
   
 
1,194,236
 
  
 
737,465
 
   
 
(50,175
) 
  
 
(672,760
) 
  
 
— 
 
   
 
(58,698
) 
  
 
1,150,068
 
  
 
 
    
 
 
     
 
 
    
 
 
    
 
 
     
 
 
    
 
 
  
Total of intangibles, net
   
Ps.
128,893,422
 
  
Ps.
25,602,692
 
   
Ps.
2,492,663
 
  
Ps.
(17,119,319
) 
  
Ps.
555
 
   
Ps.
(18,371,494
) 
  
Ps.
121,498,519
 
  
 
 
    
 
 
     
 
 
    
 
 
    
 
 
     
 
 
    
 
 
  
Goodwill
   
Ps.
141,121,365
 
  
Ps.
— 
 
   
Ps.
— 
 
  
Ps.
— 
 
  
Ps.
— 
 
   
Ps.
4,957,532
 
  
Ps.
146,078,897
 
  
 
 
    
 
 
     
 
 
    
 
 
    
 
 
     
 
 
    
 
 
  
b) The aggregate carrying amount of goodwill is allocated by segment as follows:
 
     2022     
2023
  
Europe
    Ps. 49,465,916     
Ps.
55,414,076
 
Brazil
(1)
      31,085,202     
 
29,437,800
 
Puerto Rico
      17,463,394     
 
17,463,394
 
Dominican Republic
      14,186,723     
 
14,186,723
 
Colombia
      8,495,090     
 
9,304,613
 
Mexico
      9,233,694     
 
9,186,415
 
Peru
      2,523,467     
 
2,448,614
 
El Salvador
      2,522,768     
 
2,522,768
 
Ecuador
      2,155,384     
 
2,155,384
 
Guatemala
      2,245,161     
 
2,212,615
 
Other countries
      1,744,566     
 
1,746,495
 
  
 
 
     
 
 
  
   Ps. 141,121,365     
Ps.
146,078,897
 
  
 
 
     
 
 
  
 
(1)
Includes a goodwill as a result of the Jonava acquisition. See Note 12a.
c) The following is a description of the major changes in the “Licenses and rights of use” caption during the years ended December 31, 2021, 2022 and 2023:
2021 Acquisitions
i) In December the subsidiary Claro S.A. acquired a 5G license for Ps. 17,789,163 carried out by ANATEL in November 2021, for the sale of radio frequency bands. The total amount of this license was recorded as intangible assets caption on December 31, 2021.
 
ii) During the year, AMX’s subsidiary in Austria acquired licenses for Ps. 1,752,128.
iii) In November, AMX’s subsidiary in the Dominican Republic acquired a 5G concession and right of operation until 2041 for an amount of Ps. 2,008,503.
iv) AMX’s subsidiary in Colombia renewed spectrum at 5 MHZ in the 1900 MHZ band for an amount of Ps. 1,599,473 according to resolution 2802 of October 2021, and made acquisitions of terrestrial fiber optics and submarine cable valid for 2 and 3 years.
v) In February 2021, AMX’s subsidiary in El Salvador acquired licenses for an amount of Ps.139,363. The concession is for 10 MHZ in the 1,900 MHZ mobile network bandwidth coverage in the national territory, exploitable as of February 28, 2021 with validity of 20 years.
vi) In February 2021, AMX’s subsidiary in Chile acquired a concession for Ps. 411,375 for the Concession of Band 1900 MHZ with a term of 10 years.
Additionally, in 2021, the Company acquired other licenses in Mexico, Guatemala, Brazil, Ecuador, Peru, Argentina and other countries for an amount of Ps. 706,900.
2022 Acquisitions
i) In August 2022, the Company obtained in Mexico, an extension of 9 spectrum frequency band concession titles, segment 1890-1895 MHz for mobile transmission and segment 1970-1975 MHz both for 20 years from April 2025, for an amount of Ps. 721,647.
ii) In March and September 2022, the Company made payments for a 2.5 MHz license in Argentina, which was obtained pursuant to resolution 3687 OC 4500114567 for Ps. 304,386 and resolution 1728/22-OC 4500137839 for an amount of Ps. 411,930 of ENACOM (the communications authority in Argentina), respectively.
iii) In May 2022, the Company’s subsidiary in Nicaragua renewed mobile frequency for 20 years (2022 to 2042) for an amount of Ps. 357,478.
iv) In August 2022, the Company added licenses in Austria as of the acquisition of the Bulgarian company, Stemo (an IT company that sells and integrates hardware solutions, produces and implements information systems and software solutions). Additionally, during the year 2022, Telekom Austria Group acquired licenses and rights of use in Macedonia, Belarus and Austria for an amount of Ps. 331,038, mainly Jetstream (a data-storing platform primarily for streaming data such as IoT device or streaming video or streaming data from any source).
v) During 2022, Claro S.A. acquired software development Claro Pay platform for an amount of Ps. 321,569.
Additionally, in 2022, the Company acquired other licenses in the Dominican Republic, Paraguay, Costa Rica and Colombia for an amount of Ps. 208,866.
2023 Acquisitions
i) In November 2023, the Company obtained in Argentina, pursuant to resolution 2023-1473 of ENACOM, a concession of spectrum in the 2.6 GHz 5G band for a 15 year-year period for an amount of Ps.8,731,237.
ii) In April 2023 the Company obtained in Croatia (via A1 Telekom Austria Group) a concession of secured spectrum in a public auction for a 15 year-period for an amount of Ps. 2,220,558. Additionally, in December 2023, the Company acquired in Bulgaria a spectrum license in the 700 MHz and 800 MHz segments for a 15 year-period for an amount of Ps. 422,502.
 
iii) In October 2023, the Company obtained a concession of 30 MHz and 2.500 MHz spectrum in Colombia for a 20-year period for an amount of Ps. 1,949,048. Additionally, during 2023, the Company acquires IRU´s for an amount of Ps. 214,792.
iv) In June of 2023, the Company obtained a 2.5 MHz spectrum license in Guatemala for an amount of Ps. 1,859,262.
v) In February and December 2023, the Company obtained in Mexico, an extension of spectrum frequency band concession titles for mobile transmission in the 835-845/880-890 MHz, 2514-2530/2634-2650 MHz and
2517-2530/2637-2650
MHz segments, respectively, for 20-year period for an amount of Ps. 1,239,373.
vi) In July 2023, the Company obtained in Uruguay frequency band concession titles for mobile transmission in the 3300-3400 MHz segment for a 25-year period for an amount of Ps. 464,828.
vii) During 2023, the Company acquired IRU´s in Puerto Rico for an amount of Ps. 296,247 and in the United States for an amount of Ps. 180,956.
viii) During 2023, the Company renewed in Brazil the 5G license carried out by ANATEL for an amount of Ps. 593,273.
ix) In March 2023, the Company obtained two concessions of spectrum band in Peru, which expires in January 2030 and December 2029, respectively, for an amount of Ps. 149,567. Additionally, during 2023, the Company acquired IRU for an amount of Ps. 132,387.
Additionally, in 2023, the Company acquired other licenses in Peru, Ecuador, El Salvador and Paraguay for an amount of Ps. 360,903.
Amortization of intangibles for the years ended December 31, 2021, 2022 and 2023 amounted to Ps. 18,873,860, Ps. 18,065,088 and Ps. 17,119,319, respectively.
Some of the jurisdictions in which the Company operates can revoke their concessions under certain circumstances such as imminent danger to national security, national economy and natural disasters.