MEXICO CITY—Mexican telecommunications heavyweight América Móvil SAB registered a second straight net loss in the fourth quarter on an increase in financial costs and foreign exchange-related declines in revenue.

Latin America’s largest wireless operator, controlled by billionaire Carlos Slim, reported a net loss of 11.3 billion Mexican pesos ($606 million) in the October-December period, or $0.18 per American depositary receipt, compared with a net loss of 6.0 billion pesos or $0.09 per ADR in the fourth quarter of 2016.

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