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América Móvil continues to evaluate the acquisition of an interest in Olimpia
MEXICO CITY, Mexico, April 16, 2007 -- América Móvil, S.A.B de C.V. (AMX) (BMV: AMX; NYSE: AMX; Nasdaq: AMOV; LATIBEX: XAMXL), announced today that after the withdrawal by U.S. telecommunications company AT&T from its exclusive negotiations with Pirelli & C. S.p.A. (Pirelli) for the potential acquisition of an interest in Olimpia S.p.A. ( Olimpia), it will continue, in conjunction with Teléfonos de México, S.A.B. de C.V. (Telmex), considering different alternatives for a potential investment in Olimpia.
About Olimpia
Olimpia is the largest shareholder of Telecom Italia S.p.A., Italys leading telecommunications provider with a significant international presence in Europe and South America. The Telecom Italia Group supplies over 32.4 million mobile lines, around 24 million landlines and 6.8 million broadband connections.
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 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.
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By: | /S/
Carlos García Moreno
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Name: Title: |
Carlos García Moreno
Chief Financial Officer
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