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América Móvil announces a proposal for a dividend payment
MEXICO CITY (MEXICO), October 10, 2007. América Móvil, S.A.B. de C.V. (BMV: AMX; NYSE: AMX; NASDAQ: AMOV; LATIBEX:XAMXL) (América Móvil or the Company) announced today that the Board of Directors of the Company has resolved to submit to the shareholders a proposal to make effective the payment of a cash dividend of MXP 1.00 (one peso) in a single installment payable on November 6th, 2007, to each of the series of shares "AA", "A" and "L" that represent the capital stock of the Company. The total amount of the dividend is subject to adjustments related to any issuance or buyback of shares, amongst other corporate events that may alter the number of shares outstanding at the time the dividend is paid. The shareholders meeting will be called to occur on or before October 31st, 2007.
About América Móvil
América Móvil is the leading provider of wireless services in Latin America. It has more than 137 million wireless subscribers 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. The Company 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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