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v3.25.1

Intangible assets, net and goodwill | 12 Months Ended
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Dec. 31, 2024
Intangible assets, net and goodwill [Abstract] |
Intangible assets, net and goodwill | Note 11. Intangible assets, net and goodwill a) An analysis of intangible assets at December 31, 2022, 2023 and 2024 is as follows:
| 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 Claro Chile, SpA 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 |
| For the year ended December 31, 2024 |
| Balance at beginning of year |  | Acquisitions |  | Acquisitions in business combinations |  | Disposals and other |  | Amortization of the year |  | Effect of translation of foreign subsidiaries and Hyperinflation adjustment |  | Balance at end of year |
Licenses and rights of use |  | Ps. | 247,326,829 |  |  | Ps. | 12,645,575 |  |  | Ps. | 763,101 |  |  | Ps. | (872,238 | ) |  | Ps. | — |  |  | Ps. | 18,349,117 |  |  | Ps. | 278,212,384 |
Accumulated amortization |  |  | (142,804,443 | ) |  |  | — |  |  |  | — |  |  |  | 1,749,617 |  |  |  | (13,140,279 | ) |  |  | (1,872,988 | ) |  |  | (156,068,093 | )
Net |  |  | 104,522,386 |  |  |  | 12,645,575 |  |  |  | 763,101 |  |  |  | 877,379 |  |  |  | (13,140,279 | ) |  |  | 16,476,129 |  |  |  | 122,144,291 |
Trademarks |  |  | 25,341,418 |  |  |  | — |  |  |  | — |  |  |  | (64,374 | ) |  |  | — |  |  |  | 1,209,149 |  |  |  | 26,486,193 |
Accumulated amortization |  |  | (22,574,252 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (143,406 | ) |  |  | (888,574 | ) |  |  | (23,606,232 | )
Net |  |  | 2,767,166 |  |  |  | — |  |  |  | — |  |  |  | (64,374 | ) |  |  | (143,406 | ) |  |  | 320,575 |  |  |  | 2,879,961 |
Customer relationships |  |  | 20,689,739 |  |  |  | 4,475 |  |  |  | 111,066 |  |  |  | — |  |  |  | — |  |  |  | 2,599,501 |  |  |  | 23,404,781 |
Accumulated amortization |  |  | (17,228,725 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (951,706 | ) |  |  | (2,498,298 | ) |  |  | (20,678,729 | )
Net |  |  | 3,461,014 |  |  |  | 4,475 |  |  |  | 111,066 |  |  |  | — |  |  |  | (951,706 | ) |  |  | 101,203 |  |  |  | 2,726,052 |
Software licenses |  |  | 19,356,045 |  |  |  | 4,805,054 |  |  |  | — |  |  |  | 1,874,257 |  |  |  | — |  |  |  | 3,992,205 |  |  |  | 30,027,561 |
Accumulated amortization |  |  | (9,758,160 | ) |  |  | — |  |  |  | — |  |  |  | 595,636 |  |  |  | (4,905,764 | ) |  |  | (2,839,014 | ) |  |  | (16,907,302 | )
Net |  |  | 9,597,885 |  |  |  | 4,805,054 |  |  |  | — |  |  |  | 2,469,893 |  |  |  | (4,905,764 | ) |  |  | 1,153,191 |  |  |  | 13,120,259 |
Content rights |  |  | 11,616,693 |  |  |  | 866,001 |  |  |  | — |  |  |  | (821,107 | ) |  |  | — |  |  |  | 2,630,934 |  |  |  | 14,292,521 |
Accumulated amortization |  |  | (10,466,625 | ) |  |  | — |  |  |  | — |  |  |  | 309,988 |  |  |  | (723,083 | ) |  |  | (2,546,783 | ) |  |  | (13,426,503 | )
Net |  |  | 1,150,068 |  |  |  | 866,001 |  |  |  | — |  |  |  | (511,119 | ) |  |  | (723,083 | ) |  |  | 84,151 |  |  |  | 866,018 |
Total of intangibles, net |  | Ps. | 121,498,519 |  |  | Ps. | 18,321,105 |  |  | Ps. | 874,167 |  |  | Ps. | 2,771,779 |  |  | Ps. | (19,864,238 | ) |  | Ps. | 18,135,249 |  |  | Ps. | 141,736,581 |
Goodwill |  | Ps. | 146,078,897 |  |  | Ps. | — |  |  | Ps. | 4,735,752 |  |  | Ps. | — |  |  | Ps. | — |  |  | Ps. | 6,021,720 |  |  | Ps. | 156,836,369 |
b) The aggregate carrying amount of goodwill is allocated by segment as follows:
|  | 2023 |  |  | 2024 |
Europe |  | Ps. | 55,414,076 |  |  | Ps. | 62,374,446 |
Brazil |  |  | 29,437,800 |  |  |  | 27,897,869 |
Puerto Rico |  |  | 17,463,394 |  |  |  | 17,463,394 |
Dominican Republic |  |  | 14,186,723 |  |  |  | 14,186,723 |
Colombia |  |  | 9,304,613 |  |  |  | 9,677,519 |
Mexico |  |  | 9,186,415 |  |  |  | 9,249,711 |
Chile |  |  | — |  |  |  | 4,735,752 |
Peru |  |  | 2,448,614 |  |  |  | 2,564,786 |
El Salvador |  |  | 2,522,768 |  |  |  | 2,522,768 |
Ecuador |  |  | 2,155,384 |  |  |  | 2,155,384 |
Guatemala |  |  | 2,212,615 |  |  |  | 2,261,495 |
Other countries |  |  | 1,746,495 |  |  |  | 1,746,522 |
|  | Ps. | 146,078,897 |  |  | Ps. | 156,836,369 |
c) The following is a description of the major changes in the “Licenses and rights of use” caption during the years ended December 31, 2022, 2023 and 2024: 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. 2024 Acquisitions (i) In February 2024, the Company obtained in Colombia, through resolution 495 10 MHz in the 2,500 MHz band and 496 80 MHz in the 3,500 MHz band, respectively. This concession was granted with some obligations to make, mainly infrastructure construction, like educational institutions and maintain the fiber optic infrastructure available to other providers of telecommunications networks in exchange for the concession for a period of 20 years. Additionally, the Company acquired IRUs in the months of January, May and September, of 880 MBPS, 3150 MBPS and 500 MBPS, respectively, for a period of 10 years and a total consideration of Ps. 10,593,689. (ii) During 2024, the Austrian subsidiary obtained several spectrum frequencies in different regions to provide 5G services as well as for industrial applications, obtaining frequencies up to 180 MHz with a validity of up to December 2039 and December 2046, additionally acquires in Bulgaria spectrum band of 900MHz and 1800 MHz for a period of 10 years for an amount of Ps. 847,724. (iii) The Ecuadorian subsidiary nowadays it is in negotiations for the renewal of the concession with the local government, during this process of accreditation the Company made monthly payments during the 2024 fiscal year for rights for the spectrum band, as of December 31, 2024 the amount paid amounts to Ps. 739,285. (iv) In June 2024, the subsidiary in Uruguay renewal 1900 MHz spectrum with a validity of 20 years for an amount of Ps. 325,259. Additionally, in 2024, the Company acquired other licenses in Paraguay, El Salvador, Brazil, Nicaragua, Argentina, Guatemala and Perú for an amount of Ps. 139,618. Amortization of intangibles for the years ended December 31, 2022, 2023 and 2024 amounted to Ps. 18,065,088, Ps. 17,119,319 and Ps. 19,864,238, 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.

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