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Financial Assets and Liabilities
 12 Months Ended
Dec. 31, 2024
Financial Assets and Liabilities [Abstract]  
Financial Assets and Liabilities
Note 19. Financial Assets and Liabilities

Set out below is the categorization of the financial instruments, excluding cash and cash equivalents, held by the Company as of December 31, 2023 and 2024:

   
December 31, 2023
  
   
Loans and
Receivables
    
Fair value
through
profit or loss
    
Fair value
through OCI
  
Financial Assets:
                  
Equity investments at fair value through OCI and other short-term investments (Note 4)
  
Ps.
 3,523,883    
Ps.
 —    
Ps.
 70,231,744  
Accounts receivable from subscribers, distributors, contractual assets and other (Note 5)
    
158,700,738
      
—
      
—
  
Related parties (Note 6)          
    
1,071,520
      
—
      
—
  
Derivative financial instruments (Note 7)          
    
—
      
1,446,034
      
—
  
Debt instruments at fair value through OCI (Note 4)          
    
—
      
—
      
14,914,412
  
Total          
  
Ps.
 163,296,141    
Ps.
 1,446,034    
Ps.
 85,146,156  
                         
Financial Liabilities:
                        
Debt (Note 14)          
  
Ps.
 500,677,052    
Ps.
—    
Ps.
—  
Liability related to right-of-use of assets (Note 15)          
    
125,169,156
      
—
      
—
  
Accounts payable (Note 16)          
    
162,097,416
      
—
      
—
  
Related parties (Note 6)          
    
6,766,826
      
—
      
—
  
Derivative financial instruments (Note 7)          
    
—
      
17,896,379
      
—
  
Total 
 
Ps.
 794,710,450
    
Ps.
17,896,379
    
Ps.
—
  

   
December 31, 2024
  
   
Loans and
Receivables
    
Fair value
through
profit or loss
    
Fair value
through OCI
  
Financial Assets:
                        
Equity investments at fair value through OCI and other short-term investments (Note 4)
  
Ps.
—    
Ps.
—    
Ps.
 46,683,687  
Accounts receivable from subscribers, distributors, contractual assets and other (Note 5)
    
179,615,497
      
—
      
—
  
Related parties (Note 6)          
    
1,395,483
      
—
      
—
  
Derivative financial instruments (Note 7)          
    
—
      
10,668,460
      
—
  
Debt instruments at fair value through OCI (Note 4)
    
—
      
—
      
13,908,873
  
                         
Total          
  
Ps.
 181,010,980    
Ps.
 10,668,460    
Ps.
 60,592,560  
                         
Financial Liabilities:
                        
Debt (Note 14)          
  
Ps.
 567,585,631    
Ps.
—    
Ps.
—  
Liability related to right-of-use of assets (Note 15)          
    
213,103,228
      
—
      
—
  
Accounts payable (Note 16)          
    
184,148,979
      
—
      
—
  
Related parties (Note 6)          
    
3,701,960
      
—
      
—
  
Derivative financial instruments (Note 7)          
    
—
      
22,185,709
      
—
  
                         
Total          
  
Ps.
 968,539,798    
Ps.
 22,185,709    
Ps.
—  

Fair value hierarchy
 
The Company’s valuation techniques used to determine and disclose the fair value of its financial instruments are based on the following hierarchy:
 
Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities;

Level 2: Valuation techniques for which the lowest level input that is significant to the fair value measurement is directly or indirectly observable; and
 
Level 3: Valuation techniques for which the lowest level input that is significant to the fair value measurement is unobservable.
 
The fair value for the financial assets (excluding cash and cash equivalents) and financial liabilities shown in the consolidated statements of financial position at December 31, 2023 and 2024 is as follows:

   
Measurement of fair value at December 31, 2023
  
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
Equity investments at fair value through OCI and other short-term investments (Note 4)
  
Ps.
 70,231,744    
Ps.
 —    
Ps.
 3,523,883    
Ps.
 73,755,627  
Derivative financial instruments (Note 7)          
    
—
      
1,446,034
      
—
      
1,446,034
  
Total current assets
    
70,231,744
      
1,446,034
      
3,523,883
      
75,201,661
  
Revalued of assets (Note 10)          
    
—
      
—
      
9,239,279
      
9,239,279
  
Pension plan assets (Note 18)          
    
191,442,079
      
12,616,945
      
33,563
      
204,092,587
  
Debt instruments at fair value through OCI (Note 4)          
    
4,538,631
      
10,375,781
      
—
      
14,914,412
  
Total non-current assets
    
195,980,710
      
22,992,726
      
9,272,842
      
228,246,278
  
Total          
  
Ps.
 266,212,454    
Ps.
 24,438,760    
Ps.
 12,796,725    
Ps.
 303,447,939  
                                 
Liabilities:
                                
Debt          
  
Ps.
 382,310,932    
Ps.
 107,730,819    
Ps.
—    
Ps.
 490,041,751  
Liability related to right-of-use of assets (Note 15)          
    
125,169,156
      
—
      
—
      
125,169,156
  
Derivative financial instruments (Note 7)          
    
—
      
17,896,379
      
—
      
17,896,379
  
Total          
  
Ps.
 507,480,088    
Ps.
 125,627,198    
Ps.
—    
Ps.
 633,107,286  
 
   
Measurement of fair value at December 31, 2024
  
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
Equity investments at fair value through OCI and other short-term investments (Note 4)
  
Ps.
 46,683,687    
Ps.
—    
Ps.
—    
Ps.
 46,683,687  
Derivative financial instruments (Note 7)          
    
—
      
10,668,460
      
—
      
10,668,460
  
Total current assets
    
46,683,687
      
10,668,460
      
—
      
57,352,147
  
Revalued of assets (Note 10)          
    
—
      
—
      
10,457,088
      
10,457,088
  
Pension plan assets (Note 18)          
    
175,241,382
      
14,754,046
      
40,380
      
190,035,808
  
Debt instruments at fair value through OCI (Note 4)          
    
—
      
13,908,873
      
—
      
13,908,873
  
Total non-current assets
    
175,241,382
      
28,662,919
      
10,497,468
      
214,401,769
  
Total          
  
Ps.
 221,925,069    
Ps.
 39,331,379    
Ps.
 10,497,468    
Ps.
 271,753,916  
                                 
Liabilities:
                                
Debt          
  
Ps.
 453,237,685    
Ps.
 90,095,061    
Ps.
—    
Ps.
 543,332,746  
Liability related to right-of-use of assets (Note 15)
    
213,103,228
      
—
      
—
      
213,103,228
  
Derivative financial instruments (Note 7)          
    
—
      
22,185,709
      
—
      
22,185,709
  
Total          
  
Ps.
 666,340,913    
Ps.
 112,280,770    
Ps.
—    
Ps.
 778,621,683  
 
Fair value of derivative financial instruments is valued using valuation techniques with market observable inputs. To determine its Level 2 fair value, the Company applies different valuation techniques including forward pricing and swaps models, using present value calculations. The models incorporate various inputs including credit quality of counterparties, foreign exchange spot and forward rates and interest rate curves. Fair value of debt Level 2 has been determined using a model based on present value calculation incorporating credit quality of AMX. Until September 2024 the fair value of VTR bonds in AMX B.V. as debt instruments at fair value through OCI, were classified as Level 1 in order they are guaranteed with shares listed on the regulated market. The Company’s investment in equity investments at fair value, specifically the investment in Verizon in 2024 and 2023, and also KPN in 2023, is valued using the quoted prices (unadjusted) in active markets for identical assets. The net realized loss related to derivative financial instruments for the years ended December 31, 2023 and 2024 was Ps. (9,420,419) and Ps. (2,111,926) respectively.

The fair value of the asset revaluation was calculated using valuation techniques, using observable market data and internal information on transactions carried out with independent third parties. To determine fair value we use level 2 and 3 information, the Company used inputs such as average rents, contract term and discount rates for discounted flow modeling techniques; in the case of discount rates, we use level 2 data where the information is public and is found in recognized databases, such as country risks, inflation, etc. In the case of level 3 data, the information is mainly internal based on lease contracts entered into with independent third parties.
 
During the end of the period ended December 31, 2023 and 2024, there were no transfers between the Level 1, Level 2 and Level 3 fair value measurement hierarchies.
 
Changes in liabilities arising from financing activities

 
At December 31,
2022
  
Cash flow
  
Foreign currency
exchange and
other
  
At December 31,
2023
  
                 
Debt

Ps.
510,589,480  

Ps. 34,644,826  

Ps. (44,557,254 )

Ps. 500,677,052  
Liability related to right-of-use of assets
    
134,148,811
      
(39,498,197
)
    
30,518,542
      
125,169,156
  
Total liabilities from financing activities

Ps.
644,738,291  

Ps. (4,853,371 )

Ps. (14,038,712 )

Ps.
625,846,208  

 
At December 31,
2023
  
Cash flow
  
Foreign currency
exchange and
other
 
At December 31,
2024
  
                 
Debt

Ps.
500,677,052  

Ps.
29,309,744  

Ps.
37,598,835  

Ps.
567,585,631  
Liability related to right-of-use of assets
    
125,169,156
      
(45,285,610
)
    
133,219,682
      
213,103,228
  
Total liabilities from financing activities

Ps.
625,846,208  

Ps.
(15,975,866 )

Ps.
170,818,517  

Ps.
780,688,859