The Mexican telecommunications giant America Movil reported on Tuesday that its profits soared to 30.797 million pesos ($1.548 million) in the first quarter, compared to 1.810 million pesos registered in the same period of 2021.

The total income of América Móvil, the head of the tycoon’s business empire Charles Slimtotaled 211,225 million pesos in the period, 2.4% more than those reported between January and March 2021.

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