Mexico's America Movil 1st-qtr profit nearly halves

MEXICO CITY, April 29 Tue Apr 29, 2014 5:48pm EDT

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MEXICO CITY, April 29 (Reuters) - Latin America's biggest phone company America Movil on Tuesday said its first-quarter profit almost halved.

The company, controlled by billionaire businessman Carlos Slim, said profit in the January-March period fell by 48.3 percent to 13.887 billion pesos ($1.06 billion) from 26.87 billion pesos a year earlier.

($1 = 13.06 pesos at end March) (Reporting by Christine Murray)

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