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“América Móvil informs about legal actions exercised against resolution of the Instituto Federal de Telecomunicaciones”
Mexico City, Mexico, April 1, 2014. América Móvil, S.A.B. de C.V. (“AMX”) (BMV: AMX; NYSE: AMX; NASDAQ: AMOV; LATIBEX: XAMXL), informs that today it has filed an injuction (juicio de amparo), against the resolution issued by the Federal Telecommunications Institute (Instituto Federal de Telecomunicaciones, or “IFT”), through which said institute determined as “preponderant economic agent” (agente económico preponderante), in the telecommunications market in Mexico to an alleged economic interest group comprised by AMX, Teléfonos de México, S.A.B. de C.V. (“Telmex”), Radiomóvil Dipsa, S.A. de C.V. (“Telcel”), Grupo Carso, S.A.B. de C.V., and Grupo Financiero Inbursa, S.A.B. de C.V., imposing certain specific asymmetrical regulations.
AMX has been informed that its operating subsidiaries Telmex y Telcel have also filed an injunction (juicio de amparo), against the aforesaid resolution.
About AMX
AMX is the leading provider of wireless services in Latin America. As of December 31, 2013, it had 269.9 million wireless subscribers and 69.4 million fixed revenue generating units in the Americas.
Legal Disclaimer
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.
AMÉRICA MÓVIL, S.A.B. DE C.V. | ||
By: |
/S/ Alejandro Cantú Jiménez
| |
Name: Title: |
Alejandro Cantú Jiménez
Attorney-in-fact |