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UPDATE 1-Mexico's America Movil reports steep loss, hit by peso weakness

(Adds details on results)

MEXICO CITY, Feb 13 (Reuters) - America Movil, Mexico's largest wireless carrier, reported a net loss of 11.295 billion pesos ($575 million) for the fourth quarter on Tuesday, well below market expectations, hampered by the peso's depreciation against the dollar and euro.

The telecommunications company, which is controlled by the family of Mexican billionaire Carlos Slim, registered a net loss of 5.972 billion pesos in the same quarter a year earlier.

Analysts had expected the company to report a fourth quarter net profit of 4.231 billion pesos, according to a Reuters poll.

Revenue of 263.9 billion pesos for the fourth quarter to December fell slightly from 269.3 billion during the same period a year ago.

The company attributed its loss to foreign exchange headwinds in the quarter, as Mexico's peso depreciated almost 8 percent against the dollar.

Revenues and earnings before interest, tax, depreciation and amortization (EBITDA) were in line with analysts' expectations. (Reporting by Julia Love, Noe Torres and Christine Murray, Editing by Rosalba O'Brien)