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América Móvil Acquires Operation in Puerto Rico
MEXICO CITY, Mexico, March 30, 2007 -- América Móvil, S.A.B de C.V. (AMX) (BMV: AMX; NYSE: AMX; Nasdaq: AMOV; LATIBEX: XAMXL) today announced that it has completed the acquisition of Telecomunicaciones de Puerto Rico, having purchased 100% of the equity of the company. Verizon Communications, the Government of Puerto Rico, Banco Popular and the companys employees were the sellers in the transaction. They owned 52%, 28%, 13% and 7%, respectively, of the stock of the company.
About AMX
AMX is the leading provider of wireless services in Latin America. As of December, 2006 it had 125 million wireless subscribers and 2 million fixed wirelines in the Americas.
Legal Disclaimer
This press release contains certain forward-looking statements that reflect the current views and/or expectations of the Company 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.
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Carlos García Moreno
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Name: Title: |
Carlos García Moreno
Chief Financial Officer
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