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América Móvil informs to the market


Mexico City – WEBWIRE

América Móvil, S.A.B. de C.V. (“AMX”) [BMV: AMX] [NYSE: AMX | AMOV], informs that today it has been informed by its subsidiary Comunicación Celular, S.A. (“COMCEL”) of an arbitration award in the arbitration initiated by the Ministerio de Comercio, Industria y Turismo of Colombia in relation to its intention to revert certain wireless telecommunication assets (reversión de activos) operated by COMCEL. The arbitration award is not favorable to COMCEL. COMCEL is currently reviewing legal alternatives with respect to the arbitration award.

In August 2016, AMX initiated an arbitration proceeding pursuant to the Free Trade Agreement between Mexico and Colombia (“FTA Mexico – Colombia”) requesting compensation from breaches to the FTA Mexico – Colombia and international law.

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This press release contains certain forward-looking statements that reflect the current views and/or expectations of AMX and its management with respect to its performance, business and future events. We use words such as “believe,” “anticipate,” “plan,” “expect,” “intend,” “target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “should” and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. AMX is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


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