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AMÉRICA MÓVIL’S THIRD QUARTER OF 2007
FINANCIAL AND OPERATING REPORT

Mexico City, October 18, 2007 - América Móvil, S.A.B. de C.V. (“América Móvil”) [BMV: AMX] [NYSE: AMX] [NASDAQ: AMOV] [LATIBEX: XAMXL], announced today its financial and operating results for the third quarter of 2007.

•	In the third quarter we added 6.2 million subscribers, which brought to 143.4 million our wireless subscriber base. Through September we had gained a total of 18.6 million subscribers. In Central America and the Caribbean we have 3.8 million fixed lines, which together with our wireless lines represent a total of 147.2 million lines at the end of the quarter.
•	Brazil and Mexico led the way with 1.7 and 1.4 million subscriber additions respectively, followed by Argentina, Paraguay and Uruguay with 784 thousand, Colombia with 650 thousand, Central America with574 thousand and Peru with 458 thousand subscribers. Peru is the subsidiary that has exhibited the fastest pace of subscriber growth, 71.4% year-on-year.
•	Our third quarter revenues totaled 77.8 billion pesos. They were up 29.8% annually, with service revenues expanding by 33.3% in the period. Revenues in the nine months to September rose 29.1% year-on-year, to223 billion pesos.
•	EBITDA came in at 31.9 billion pesos, representing an EBITDA margin of 41.0%. Relative to a year before, our EBITDA climbed 44.6%. The total through September amounted to 92.5 billion pesos, 46.9% more than in the same period of 2006.
•	Operating profits increased by 29.9% year-on-year, to 19.7 billion pesos. They were somewhat affected by the acceleration of the depreciation of TDMA equipment in certain countries.
•	Together with a comprehensive financing income of 183 million pesos in the quarter, they helped bring about a net profit of 11.1 billion pesos. In the first nine months of the year our net profit totaled 42.1 billion pesos. It was 26.4% higher than a year before.
•	Our cash flow from operations financed our investment in plant and equipment, the acquisition of our Puerto Rican subsidiary and our share buy-backs and dividend payments, which together amounted to56.5 billion pesos. Our net debt has increased by only 0.8 billion pesos this year, to 69.9 billion pesos at the end of September.
•	This month our Board of Directors decided to recommend to our Shareholders Assembly the payment of an extraordinary dividend of 1 peso per share. If approved by the Assembly, the payment would take place on November 6th.

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América Móvil Fundamentals

Constant Mex$
		3Q07		3Q06		Var. %		Jan-Sep’07		Jan-Sep’06		Var. %
EPS (Mex$)*		0.32		0.32		0.4%		1.19		0.92		29.5%
Earning per ADR (US$)**		0.57		0.58		-0.2%		2.17		1.68		29.1%
Net Income (millions of Mex$ )		11,107		11,336		-2.0%		42,088		33,301		26.4%
EBITDA (millions of Mex$)		31,909		22,060		44.6%		92,519		62,974		46.9%
EBIT (millions of Mex$)		19,736		15,189		29.9%		63,645		42,857		48.5%
Shares Outstanding (billion)***		35.11		35.99		-2.4%		35.24		36.11		-2.4%
ADRs Outstanding (millions)**		747		970		-22.9%		749		971		-22.9%
* Net Income / Total Shares outstanding ** 20 shares per ADR

Relevant Events

In August, we agreed to acquire a 100% ownership interest in Oceanic Digital Jamaica, which provides wireless and value added services throughout the island. The completion of the transaction is subject to regulatory approvals and other conditions and is expected to take place in the fourth quarter of 2007.

In October, AMX Peru issued its first corporate bond. It placed with investors bonds in the amount of 125 million Peruvian Soles (approximately 40 million dollars equivalent) at a rate of 6.40% with a 5-year maturity. This was the largest bond issued in the country throughout the year.

Over the last few years we captured a very significant share of the Latin American wireless market. We have been reducing our prices per minute and have generally encouraged greater usage of our wireless services. The position we have attained in Latin America and the healthy economic environment we are encountering in the region provide a solid platform for our continued growth in these markets in the years to come, with revenues expected to be buoyed by strong subscriber and usage growth trends.

América Móvil is already fairly advanced in the process of rolling out its UMTS (3G) services in various Latin American countries. This new technology will allow us to provide a broad array of new services to our clients, including wireless broadband accesses.

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América Móvil's Subsidiaries & Affiliates as of September 2007

Country		Company		Business		Equity Participation		Consolidation Method
Subsidiaries
- Mexico		Telcel		wireless		100.0%		Global Consolidation Method
- Argentina		CTI Móvil		wireless		100.0%		Global Consolidation Method
- Brazil		Claro		wireless		100.0%		Global Consolidation Method
- Chile		Claro		wireless		100.0%		Global Consolidation Method
- Colombia		Comcel		wireless		99.3%		Global Consolidation Method
- Dominicana		Claro		wireless, wireline		100.0%		Global Consolidation Method
- Ecuador		Conecel		wireless		100.0%		Global Consolidation Method
- El Salvador		Claro		wireless, wireline		95.8%		Global Consolidation Method
- Guatemala		Claro		wireless, wireline		99.1%		Global Consolidation Method
- Honduras		Claro		wireless		100.0%		Global Consolidation Method
- Nicaragua		Claro		wireless, wireline		99.3%		Global Consolidation Method
- Paraguay		CTI Móvil		wireless		100.0%		Global Consolidation Method
- Peru		Claro		wireless		100.0%		Global Consolidation Method
- Puerto Rico		Claro		wireless, wireline		100.0%		Global Consolidation Method
- Uruguay		CTI Móvil		wireless		100.0%		Global Consolidation Method
- USA		Tracfone		wireless		98.2%		Global Consolidation Method
Affiliate
- Mexico		Televista		other		45.00%		Equity Method

Subscribers

América Móvil added 6.2 million subscribers in the third quarter bringing the total through September to 18.6 million. The quarter’s net additions were similar to the ones obtained a year before and were somewhat higher than those of the previous quarter. Our subscriber base topped 143 million wireless subscribers, 25.9% more than a year before. Including 3.8 million fixed lines in Central America and the Caribbean, we had a total of 147.2 million lines in place at the end of September.

We added 1.4 million subscribers in Mexico in the third quarter, 20.0% more than in the previous one, which brought to 47.5 million our Mexican subscriber base. The latter was up 3.0% sequentially and 16.7% annually.

In Brazil we had our best third quarter ever, having added 1.7 million wireless subscribers, 41.4% more than a year ago. Net additions for the first nine months of the year climbed to 4.1 million. They were 16.7% higher than those obtained in the same period of 2006, and brought to nearly 28 million our Brazilian subscriber base, which rose 6.6% on the quarter and 26.2% year-on-year.

In Argentina, Paraguay and Uruguay, we obtained 784 thousand new subscribers in the third quarter—2.6 million subscribers in the nine months to September—to end the quarter with 13.5 million clients. This figure represents an increase of 6.2% in the quarter and of 39.7% year-on-year.

Our Colombian operation added 650 thousand subscribers in the quarter, whereas in Peru and Ecuador, net additions came in at 458 thousand and 379 thousand, respectively. Peru is the operation that has exhibited the fastest pace of subscriber growth, having grown by 71.4% over a year before.

In Chile, on the other hand, we had a cleansing of our subscriber base, which resulted in a net reduction of 132 thousand subscribers. Our subscriber base in Chile now stands at just over 2.5 million.

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Subscribers as of September 2007

Thousands
						Total(1)
Country		Sep'07		Jun'07		Var.%		Sep'06		Var.%
Mexico		47,516		46,114		3.0%		40,720		16.7%
Brazil		27,981		26,252		6.6%		22,172		26.2%
Chile		2,562		2,694		-4.9%		2,103		21.8%
Argentina, Paraguay and Uruguay		13,520		12,735		6.2%		9,680		39.7%
Colombia		21,257		20,607		3.2%		18,755		13.3%
Ecuador		6,596		6,216		6.1%		5,212		26.5%
Peru		4,815		4,357		10.5%		2,809		71.4%
Central America		7,345		6,771		8.5%		5,250		39.9%
Caribe		3,000		2,913		3.0%		2,663		12.7%
USA		8,803		8,576		2.6%		7,230		21.8%
Total Wireless		143,394		137,236		4.5%		113,930		25.9%
Central America		2,114		2,114		0.0%		2,072		2.0%
Caribe		1,688		1,710		-1.3%		1,795		-5.9%
Total Fixed		3,802		3,824		-0.6%		2,072		83.5%
Total Lines		147,196		141,060		4.3%		116,002		26.9%
(1) Includes total subscribers of all companies in which América Móvil holds an economic interest; does not consider the date in which the companies started being consolidated. Total wireless historical data does not include recent acquisitions.

In Central America, our operations added 574 thousand wireless subscribers in the third quarter, 34.2% more than a year before. Our combined base, 7.3 million subscribers, is greater by almost 1.5 million than it was at the end of 2006. At 60% year-on-year, our Honduras subscriber base grew more rapidly than that of its neighbors.

As regards the Caribbean we obtained 87 thousand new clients in the third quarter whereas in the US we gained 227 thousand subscribers in the period to reach a total of 8.8 million subscribers, 21.8% more than a year before.

At the end of September we had a total of 3.8 million landlines in Central America and the Caribbean. The overall number of accesses—including DSL and cable—has been rising in the region.

América Móvil Consolidated Results

América Móvil’s third quarter revenues rose 29.8% year-on-year, to 77.8 billion pesos, with service revenues up 33.3% in the period. Through September, revenues totaled almost 223 billion pesos, 29.1% more than in the first nine months of the previous year, driven by service revenues that expanded at an annual rate of 32.5% .

Third quarter EBITDA, 31.9 billion pesos, was up 44.6% on the previous year, as the EBITDA margin increased to 41.0% from 36.8% a year before, with most operations increasing their margins, particularly in Brazil, Colombia and in Argentina-Paraguay-Uruguay, where margins shot up by 11 to 12 percentage points year-on-year. Through September EBITDA totaled 92.5 billion pesos, 46.9% more than in the same period of 2006.

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America Movil's Income Statement (in accordance with Mexican GAAP)

Millions of constant Mex$
		3Q07		3Q06		Var.%		Jan - Sep 07		Jan - Sep 06		Var.%
Service Revenues		67,162		50,391		33.3%		192,734		145,511		32.5%
Equipment Revenues		10,661		9,545		11.7%		30,248		27,162		11.4%
Total Revenues		77,823		59,936		29.8%		222,982		172,673		29.1%
Cost of Service		16,193		12,285		31.8%		44,853		33,465		34.0%
Cost of Equipment		16,674		15,116		10.3%		48,343		44,599		8.4%
Selling, General & Administrative Expenses		13,047		10,476		24.5%		37,267		31,635		17.8%
Total Costs and Expenses		45,914		37,876		21.2%		130,463		109,699		18.9%
EBITDA		31,909		22,060		44.6%		92,519		62,974		46.9%
% of Total Revenues		41.0%		36.8%				41.5%		36.5%
Depreciation & Amortization		12,173		6,871		77.2%		28,874		20,117		43.5%
EBIT		19,736		15,189		29.9%		63,645		42,857		48.5%
% of Total Revenues		25.4%		25.3%				28.5%		24.8%
Net Interest Expense		736		786		-6.4%		3,560		2,979		19.5%
Other Financial Expenses		281		1,771		-84.1%		1,431		1,170		22.3%
Foreign Exchange Loss		543		-913		159.4%		-2,002		-1,643		-21.8%
Monetary Result		-1,742		-929		-87.5%		-3,444		-2,008		-71.5%
Comprehensive Financing Cost (Income)		-183		715		-125.6%		-454		498		-191.3%
Other Income and Expenses		1,451		-598		342.8%		2,597		-1,560		266.5%
Income & Deferred Taxes		7,343		3,733		96.7%		19,356		10,616		82.3%
Net Income before Minority Interest and Equity		11,124		11,339		-1.9%		42,146		33,303		26.6%
Participation in Results of Affiliates
minus
Equity Participation in Results of Affiliates		5		9		-46.2%		45		43		4.6%
Minority Interest		-22		-9		-144.5%		-104		-45		-133.4%
Net Income		11,107		11,338		-2.0%		42,088		33,301		26.4%
*n.m. = not meaningful

Balance Sheet (in accordance with Mexican GAAP)*

América Móvil Consolidated
Millions of Constant Mex$
		Sep'07		Dec'06		Var.%		Sep'06		Var.%				Sep'07		Dec'06		Var.%		Sep'06		Var.%
Current Assets												Current Liabilities
Cash & Securities		27,384		44,450		-38.4%		45,369		-39.6%		Short Term Debt**		13,317		25,835		-48.5%		10,540		26.3%
Accounts Receivable		41,676		41,814		-0.3%		33,152		25.7%		Accounts Payable		61,422		62,748		-2.1%		58,234		5.5%
Other Current Assets		6,349		5,125		23.9%		5,733		10.7%		Other Current Liabilities		27,111		35,849		-24.4%		25,965		4.4%
Inventories		19,771		19,779		0.0%		16,700		18.4%				101,850		124,431		-18.1%		94,739		7.5%
		95,180		111,167		-14.4%		100,955		-5.7%
Long-Term Assets
Plant & Equipment		157,690		141,021		11.8%		125,665		25.5%
Investments in Affiliates		571		572		-0.2%		609		-6.1%		Long-Term Liabilities
												Long Term Debt		84,010		87,750		-4.3%		74,799		12.3%
Deferred Assets												Other Liabilities		14,621		3,631		302.7%		3,921		272.8%
Goodwill (Net)		44,854		26,322		70.4%		13,005		244.9%				98,631		91,381		7.9%		78,721		25.3%
Brands, Patents & Licenses		41,184		40,249		2.3%		41,110		0.2%
Deferred Assets		10,942		8,583		27.5%		8,528		28.3%
												Shareholder's Equity		149,941		112,102		33.8%		116,412		28.8%
Total Assets		350,422		327,914		6.9%		289,871		20.9%		Total Liabilities and Equity		350,422		327,914		6.9%		289,871		20.9%
* This presentation conforms with that of América Móvil's audited financial statements
** Includes current portion of Long Term Debt

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The quarter’s operating profit was affected by an acceleration of depreciation charges related to the phasing out of TDMA services in some countries. It rose 29.9% year-on-year to 19.7 billion pesos, which brought to 63.6 billion pesos the total for the first nine months of the year. This figure was up 48.5% in annual terms.

We obtained a comprehensive financing income of 183 million pesos in the quarter and 454 million pesos in the first nine months of the year, as foreign exchange gains and the inflationary benefit from our net debt position more than offset net interest payments. Pursuant to guidelines under Mexican GAAP that took effect this year, América Móvil has moved to capitalize as investment a portion of its financial charges.

Our net profit for the quarter was 11.1 billion pesos and 42.1 billion pesos through September, up 26.4% on the previous year. It was equivalent to 32 peso cents per share or 57 dollar cents per ADR. The net profit was affected by the greater depreciation charges mentioned above and other non-cash charges (under other income and expenses) associated with the dismantling of TDMA equipment in some countries.

Financial Debt of América Móvil *

Millions of dollars
		Sep-07		Dec-06
Peso - denominated debt		2,031		3,725
Bonds and other securities		1,707		2,946
Banks and others		323		780
U.S. Dollar - denominated debt		5,774		5,793
Bonds and other securities		3,293		3,593
Banks and others		2,481		2,200
Debt denominated in other currencies		1,105		691
Bonds and other securities		447		469
Banks and others		658		222
Total Debt		8,909		10,209
Short-term debt and current portion of long-term debt		1,219		2,322
Long-term debt		7,690		7,887
* This table does not include the effect of forwards and derivatives used to hedge the foreign exchange exposure

Our net debt ended September at 69.9 billion pesos, slightly higher than the 69.1 billion pesos level at which it started the year. In the nine months to September América Móvil’s cash flow from operations financed for the most part the acquisition of our Puerto Rican subsidiary (24.4 billion pesos), share buybacks and dividend payments in the amount of 14.2 billion pesos and capital expenditures totaling 17.9 billion pesos, all of which represented an aggregate outlay of 56.5 billion pesos.

Mexico

Our Mexican operation gained 1.4 million subscribers in the third quarter. Telcel’s subscriber base thus reached 47.5 million, having grown by 4.3 million subscribers in the first nine months of the year. Postpaid subscribers continued to increase more rapidly than prepaids, both quarter-over-quarter and in annual terms.

Driven by service revenues that expanded 2.1% sequentially and 13.8% year-on-year (in constant pesos), Telcel’s third quarter revenues reached 31.4 billion pesos, bringing to 91.6 billion pesos the figure for the nine months to September. Usage is in a clear upward trend, with MOUs increasing 10.7% on the quarter and 29.9% relative to a year ago, partly driven by lower prices per minute.

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EBITDA rose 18.6% with respect to the third quarter of 2006, with the EBITDA margin increasing from 50.7% to 53.4% . Through September our Mexican operation had generated nearly 50 billion pesos in EBITDA, 21.0% more than a year ago.

INCOME STATEMENT

Mexico
Millions of Constant Mex$
		3Q07		3Q06		Var. %		Jan - Sep 07		Jan - Sep 06		Var. %
Revenues		31,417		27,920		12.5%		91,646		80,908		13.3%
EBITDA		16,786		14,156		18.6%		49,434		40,857		21.0%
%		53.4%		50.7%				53.9%		50.5%
EBIT		14,806		12,220		21.2%		43,481		35,305		23.2%
%		47.1%		43.8%				47.4%		43.6%

Mexico´s Operating Data

		3Q07		3Q06		Var.%
Wireless Subscribers (thousands)		47,516		40,720		16.7%
Postpaid		3,544		2,877		23.2%
Prepaid		43,972		37,843		16.2%
MOU		144		111		29.9%
ARPU (Constant Mex$)		185		190		-2.2%
Churn (%)		3.4%		3.1%		0.21

Argentina, Paraguay and Uruguay

Our combined subscriber base in Argentina, Paraguay and Uruguay topped 13.5 million subscribers, increasing 6.2% over the quarter and 39.7% as compared to a year ago. In the nine months to September, CTI Móvil added 2.6 million clients, of which 784 thousand were obtained in the third quarter.

Revenues for the quarter came in at 1.5 billion Argentinean pesos, up 12.2% over the quarter, and 28.2% year-on-year. Service revenues had a good pick-up in the quarter, rising 14.3% sequentially and 38.0% annually, resulting in a 6.2% sequential increase in our blended ARPU. In the first nine months of the year, CTI’s revenues totaled 4.1 billion Argentinean pesos. They were up 30.2% in annual terms, driven by strong service revenue growth of 35.0% .

EBITDA for the period was 430 million Argentinean pesos, 19.2% greater than that of the previous quarter and more than double the previous year’s figure. The quarter’s EBITDA margin stood at 28.6%, having expanded over eleven percentage points in a year. Year-to-September EBITDA totaled 1.1 billion Argentinean pesos, up 77.1% from a year ago, with the margin for the first nine months rising to 27.2% from 20.0% in the same period of 2006.

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INCOME STATEMENT

Argentina, Paraguay & Uruguay
Millions of ARP$
		3Q07		3Q06		Var. %		Jan - Sep 07		Jan - Sep 06		Var. %
Revenues		1,505		1,174		28.2%		4,130		3,172		30.2%
EBITDA		430		206		108.8%		1,124		635		77.1%
%		28.6%		17.5%				27.2%		20.0%
EBIT		327		127		157.4%		828		418		98.4%
%		21.8%		10.8%				20.1%		13.2%

Argentina, Paraguay & Uruguay Operating Data

		3Q07		3Q06		Var.%
Wireless Subscribers (thousands)		13,520		9,680		39.7%
Postpaid		1,461		976		49.6%
Prepaid		12,059		8,704		38.5%
MOU		125		133		-6.0%
ARPU (ARG$)		32		34		-5.9%
Churn (%)		2.3%		1.9%		0.39

Brazil

Claro registered its highest number of third quarter net subscriber additions ever—1.7 million—bringing to 4.1 million the additions in the first nine months of the year. These were 16.7% higher than the ones obtained in 2006. At the end of September we had close to 28 million clients, 6.6% more than in the previous quarter and 26.2% more than a year before. It is worth noting that our postpaid subscriber base is growing almost twice as fast as our prepaid one.

Brazil generated revenues of 2.5 billion reais during the quarter, up 4.4% sequentially and 18.9% annually, with service revenues expanding 7.3% quarter-on-quarter and 24.2% annually. In spite of the strong growth of service revenues, ARPU was flat over the quarter given the high number of net subscriber additions in the period. Usage has been increasing at a solid pace, with MOUs rising 11.5% sequentially.

Through September Claro’s revenues came in at 7.1 billion reais, after climbing 18.0% year-on-year on the back of service revenues that increased by 22.7% .

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At 635 million reais, third quarter EBITDA more than doubled the previous year’s, supported by strong service revenue growth and by the expansion of its EBITDA margin, which rose 12.7 percentage points from a year before, to 25.0% . In the first nine months of 2007, Claro generated 1.8 billion reais of EBITDA, which translates into a 25.6% margin, nearly thirteen percentage points higher than a year before. Year-to-September EBITDA was up 138.1% year-on-year.

INCOME STATEMENT

Brazil
Millions of R$
		3Q07		3Q06		Var. %		Jan - Sep 07		Jan - Sep 06		Var. %
Revenues		2,538		2,134		18.9%		7,124		6,035		18.0%
EBITDA		635		284		123.4%		1,826		767		138.1%
%		25.0%		13.3%				25.6%		12.7%
EBIT		4		-125		103.4%		346		-438		179.1%
%		0.2%		-5.9%				4.9%		-7.3%

Brazil´s Operating Data

		3Q07		3Q06		Var.%
Wireless Subscribers (thousands)		27,981		22,172		26.2%
Postpaid		5,253		3,711		41.5%
Prepaid		22,728		18,461		23.1%
MOU		80		75		6.1%
ARPU (R$)		27		28		-1.2%
Churn (%)		2.8%		3.0%		(0.23)

Chile

Our subscriber base in Chile came down by 132 thousand subscribers in the third quarter as a result of a cleansing of our subscriber base. Nonetheless, through September we had added 190 thousand subscribers. At 2.6 million subscribers at the end of that month, our base had increased by 21.8% year-on-year.

Revenues of 62.3 billion Chilean pesos were up nearly 30% in annual terms, with service revenues expanding by almost 40%. Through September, revenues totaled 193.7 billion pesos, 47.4% more than a year before.

We are determined to continue improving our GSM coverage and will launch shortly our 3G services. We will keep on expanding our distribution channels as we carry on promoting our Claro brand which was very well accepted and has rapidly gained recognition.

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INCOME STATEMENT

Chile
Millions of P$
		3Q07		3Q06		Var. %		Jan - Sep 07		Jan - Sep 06		Var. %
Revenues		62,318		47,958		29.9%		193,738		131,464		47.4%
EBITDA		-8,821		3,945		-323.6%		-17,487		18,606		-194.0%
%		-14.2%		8.2%				-9.0%		14.2%
EBIT		-15,892		-3,242		-390.2%		-38,982		-1,624		n.m.
%		-25.5%		-6.8%				-20.1%		-1.2%

Chile´s Operating Data

		3Q07		3Q06		Var.%
Wireless Subscribers (thousands)		2,562		2,103		21.8%
Postpaid		461		350		31.7%
Prepaid		2,100		1,752		19.9%
MOU		128		128		0.0%
ARPU (Chilean$)		7,143		6,597		8.3%
Churn (%)		5.7%		1.9%		3.75

Colombia

In Colombia we ended September with 21.3 million wireless subscribers, after adding 650 thousand clients in the third quarter. Our subscriber base was up 3.2% over the quarter and 13.3% relative to last year.

Revenues for the period climbed 19.8% year-on-year to 1.4 trillion Colombian pesos, bringing to 4.1 trillion Colombian pesos the total for the first nine months of 2007. The latter figure was up 23.8% year-on-year, with service revenues rising somewhat more rapidly. ARPU was practically flat relative to the previous quarter, but increased 3.1% on an annual basis, with MOUs growing 11.8% .

Colombia’s EBITDA totaled 689 billion Colombian pesos in the quarter, up 4.4% sequentially and 54% in relation to the previous year. Our EBITDA margin is at 50.1% having climbed 11.2 percentage points over the last year. In the nine months to September, it totaled 2 billion Colombian pesos, 87.4% more than a year before.

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INCOME STATEMENT

Colombia
Billions of COP$
		3Q07		3Q06		Var.%		Jan - Sep 07		Jan - Sep 06		Var.%
Revenues		1,376		1,149		19.8%		4,074		3,292		23.8%
EBITDA		689		447		54.0%		2,000		1,067		87.4%
%		50.1%		38.9%				49.1%		32.4%
EBIT		94		308		-69.5%		1,106		648		70.8%
%		6.8%		26.8%				27.1%		19.7%

Colombia´s Operating Data

		3Q07		3Q06		Var.%
Wireless Subscribers (thousands)		21,257		18,755		13.3%
Postpaid		3,162		2,706		16.9%
Prepaid		18,095		16,049		12.7%
MOU		122		109		11.8%
ARPU (COP$)		19,280		18,698		3.1%
Churn (%)		2.4%		1.8%		0.51

Ecuador

After adding 939 thousand clients in the first nine months to September—379 thousand in the third quarter—our subscriber base reached 6.6 million clients resulting in a 6.1% quarterly increase and a 26.5% annual increase.

Third quarter revenues totaled 213 million dollars, up 22.1% year-on-year, bringing the figure for the nine months to September to 641 million dollars, a 23.8% annual increase.

At 89 million dollars in the quarter and 270 million dollars in the nine months to September, EBITDA has remained stable relative to our revenues.

INCOME STATEMENT

Ecuador
Millions of US$
		3Q07		3Q06		Var. %		Jan - Sep 07		Jan - Sep 06		Var. %
Revenues		213		174		22.1%		641		518		23.8%
EBITDA		89		70		27.0%		270		163		65.7%
%		41.9%		40.3%				42.2%		31.5%
EBIT		66		51		29.2%		200		110		81.6%
%		31.0%		29.3%				31.3%		21.3%

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Ecuador´s Operating Data

		3Q07		3Q06		Var.%
Wireless Subscribers (thousands)		6,596		5,212		26.5%
Postpaid		721		572		26.0%
Prepaid		5,875		4,641		26.6%
MOU		62		59		5.0%
ARPU (US$)		9		10		-8.2%
Churn (%)		2.6%		3.0%		(0.44)

Peru

Our Peruvian operation is the fastest growing of our subsidiaries. Its net additions in the quarter—458 thousand—were 40.4% greater than in the same period of last year and helped the total through the year rise to 1.4 million. Our subscriber base ended September with 4.8 million clients, 10.5% more than in the previous quarter and 71.4% higher year-on-year.

Revenues of 455 million soles were up 6.4% in the quarter and 34.3% annually, with service revenues rising 7.8% in the quarter. Through September, revenues climbed 38.3% relative to the previous year, to 1.3 billion soles.

EBITDA rose even more rapidly than revenues, expanding by 14.3% sequentially, to 157 million soles. The EBITDA margin, 34.6%, was somewhat lower than the one seen a year before (36.0%) on account of the important number of net additions in the quarter and its impact on subscriber acquisition costs. In the first nine months of the year, EBITDA totaled 430 million soles, 37.5% more than a year before, with the margin flat year-on-year.

INCOME STATEMENT

Peru
Millions of Soles
		3Q07		3Q06		Var. %		Jan - Sep 07		Jan - Sep 06		Var. %
Revenues		455		338		34.3%		1,287		931		38.3%
EBITDA		157		122		29.1%		430		313		37.5%
%		34.6%		36.0%				33.4%		33.6%
EBIT		110		72		52.1%		284		166		71.3%
%		24.2%		21.4%				22.1%		17.8%

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Peru´s Operating Data

		3Q07		3Q06		Var.%
Wireless Subscribers (thousands)		4,815		2,809		71.4%
Postpaid		462		280		64.7%
Prepaid		4,353		2,529		72.2%
MOU		79		67		18.4%
ARPU (Sol)		27		35		-23.2%
Churn (%)		2.6%		2.3%		0.32

Central America

Our combined wireless subscriber base in Central America increased by nearly 40% year-on-year to reach 7.3 million subscribers, having added 574 thousand wireless subscribers in the third quarter (34.2% more than in the same quarter of last year) and 1.5 million in the nine months to September.

Revenues added up to 374 million dollars in the third quarter and 1.1 billion dollars through September. EBITDA for the quarter was 186 million dollars, which represents almost 50% of our revenues. Year-to-September EBITDA came in at 568 million dollars, which translates into a 51.1% EBITDA margin.

INCOME STATEMENT

Central America Consolidated
Millions of US$
		3Q07		3Q06		Var. %		Jan - Sep 07		Jan - Sep 06		Var. %
Revenues		374		372		0.6%		1,113		1,100		1.1%
EBITDA		186		177		5.3%		568		533		6.6%
%		49.7%		47.5%				51.1%		48.5%
EBIT		118		115		2.8%		369		358		3.0%
%		31.6%		30.9%				33.2%		32.5%

Central America's Operating Data

		3Q07		3Q06		Var.%
Wireless Subscribers (thousands)		7,345		5,250		39.9%
Postpaid		408		334		22.2%
Prepaid		6,937		4,916		41.1%
Fixed Lines (thousands)		2,114		2,072		2.0%
Total Lines (Wireless + Fixed, 000's)		9,459		7,322		29.2%
MOU(2)		131		148		-11.6%
ARPU (US$)		8		9		-17.1%
Churn (%)		1.1%		0.8%		0.30

 

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Caribbean

Our operations in the Dominican Republic and Puerto Rico reached a total of three million wireless subscribers, after adding 87 thousand clients in the quarter.

Third quarter revenues amounted to 546 million dollars, with EBITDA of 224 million dollars, 6.8% above the previous quarter. The EBITDA margin for the period came in at 41.0% .

Both operations have already launched the Claro brand. The one in the Dominican Republic is already offering GSM services, while that in Puerto Rico should begin to do so next year.

INCOME STATEMENT

The Caribbean
Millions of US$
		3Q07		3Q06		Var. %		Jan - Sep 07		Jan - Sep 06		Var. %
Revenues		546		549		-0.5%		1,626		1,635		-0.5%
EBITDA		224		228		-1.7%		645		660		-2.2%
%		41.0%		41.6%				39.7%		40.3%
EBIT		140		135		3.7%		382		388		-1.6%
%		25.6%		24.6%				23.5%		23.7%

The caribbean´s Operating Data**

		3Q07
Wireless Subscribers (thousands)		3,000
Postpaid		754
Prepaid		2,246
Fixed Lines (thousands)		1,688
Total Lines (Wireless + Fixed, 000's)		4,688
MOU(2)		309
ARPU (US$)		20
Churn (%) (2)		4.2%
** Includes Puerto Rico and Dominican Republic
* wireless only

United States

After adding 227 thousand subscribers in the quarter and 907 thousand in the first nine months of the year, Tracfone reached a total of 8.8 million subscribers in September, 21.8% more than a year before.

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Third quarter revenues amounted to 344 million dollars, pushing the total for the first nine months of the year over the one billion dollar mark. Service revenues through September expanded at a 12.0% annual rate.

EBITDA for the third quarter jumped 53.8% on a sequential basis to 46 million dollars as the margin climbed to 13.2% . Year-to-September we generated 143 million dollars of EBITDA, more than doubling the figure registered in equal period of 2006. The EBITDA margin in the first nine months of the year came in at 13.8%, improving on the previous year’s by seven percentage points.

INCOME STATEMENT

United States
Millions of US$
		3Q07		3Q06		Var. %		Jan - Sep 07		Jan - Sep 06		Var. %
Revenues		344		330		4.4%		1,038		969		7.1%
EBITDA		46		37		21.5%		143		66		117.2%
%		13.2%		11.4%				13.8%		6.8%
EBIT		40		32		24.3%		127		51		149.6%
%		11.7%		9.8%				12.2%		5.2%

United States´ Operating Data

		3Q07		3Q06		Var.%
Wireless Subscribers (thousands)		8,803		7,230		21.8%
MOU		73		68		6.6%
ARPU (US$)		12		13		-12.4%
Churn (%)		5.0%		5.4%		(0.36)

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Glossary of Terms

ARPU – Average Revenue per User. The ratio of service revenues in a given period to the average number of wireless subscribers in the same period. It is presented on a monthly basis.

Capex – Capital Expenditure. Accrued capital expenditures related to the expansion of the telecommunications infrastructure.

Churn – Disconnection Rate. The ratio of wireless subscribers disconnected during a given period to the number of wireless subscribers at the beginning of that period.

EBIT – Earnings Before Interest and Taxes, also known as Operating Profit.

EBIT margin – The ratio of EBIT to total operating revenue.

EBITDA – Earnings Before Interest, Taxes, Depreciation, and Amortization.

EBITDA margin – The ratio of EBITDA to total operating revenue.

EDGE – Enhanced Data rates for GSM Evolution. A technology that gives GSM the capacity to handle data services for the third generation mobile telephony.

EPS (Mexican pesos) – Earnings per share. Total earnings in Mexican pesos divided by total shares.

Earnings per ADR (US$) – Total earnings in U.S. dollars divided by total ADRs equivalent.

Equity subscribers – Subscribers weighted by the economic interest held in each company.

GSM – Global System for Mobile communications. It is the world’s leading and fastest growing mobile standard.

GPRS – General Packet Radio Service. Enables GSM networks to offer higher capacity, Internet-based-content and packet-based data services. It is a second generation technology.

Gross additions – Total number of subscribers acquired during the period.

Licensed pops – Licensed population. Population covered by the licenses that each of the companies manage.

Market share – A company’s subscriber base divided by the total number of subscribers in that country.

MOU – Minutes of Use per subscriber. The ratio of wireless traffic in a given period to the average number of wireless subscribers in that same period. It is presented on a monthly basis.

Net subscriber additions – The difference in the subscriber base from one period to another. It is the different between gross additions and disconnections.

Net debt – Total short and long term debt minus cash and marketable securities.

Net debt / EBITDA – The ratio of total short and long term debt minus cash and securities to trailing 12-month income before interest, taxes, depreciation and amortization.

Prepaid – Subscriber that may purchase airtime to recharge a cellular phone. The client does not hold a contract with the company for voice and data services.

Postpaid – Subscriber that has a contract for the use of airtime. The client has no need of activating airtime, it is done so immediately.

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Push-to-talk – Enables compatible mobile phones to function like two-way radios.

SMS – Short Message Service.

SAC – Subscriber Acquisition Cost. The sum of handset subsidies, marketing expenses and commissions to distributors for handset activation. Handset subsidy is calculated as the difference between equipment cost and equipment revenues.

Wireless penetration – The ratio of total wireless subscribers in any given country divided by the total population in that country.

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Exchange Rates

		3Q07		3Q06		Var.%		Jan - Sep 07		Jan - Sep 06		Var.%
Mexico
EoP		10.92		11.02		-0.8%		10.92		11.02		-0.8%
Average		11.01		10.94		0.6%		10.98		10.93		0.5%
Brazil
EoP		10.92		2.17		402.5%		10.92		2.17		402.5%
Average		1.89		2.16		-12.5%		1.98		2.17		-8.7%
Argentina
EoP		3.15		3.10		1.5%		3.15		3.10		1.5%
Average		3.14		3.09		1.7%		3.11		3.08		1.0%
Chile
EoP		511		537		-4.8%		511		537		-4.8%
Average		519		539		-3.8%		529		530		-0.3%
Colombia
EoP		2,013		2,397		-16.0%		2,013		2,397		-16.0%
Average		2,052		2,407		-14.7%		2,088		2,390		-12.6%
Guatemala
EoP		7.75		7.62		1.7%		7.75		7.62		1.7%
Average		7.71		7.60		1.3%		7.70		7.60		1.3%
Honduras
EoP		19.03		19.03		0.0%		19.03		19.03		0.0%
Average		19.03		19.03		0.0%		19.03		19.03		0.0%
Nicaragua
EoP		18.67		17.78		5.0%		18.67		17.78		5.0%
Average		18.59		17.71		5.0%		18.59		17.71		5.0%
Peru
EoP		3.09		3.25		-5.0%		3.09		3.25		-5.0%
Average		3.14		3.24		-3.3%		3.14		3.24		-3.3%
Paraguay
EoP		5,020		5,370		-6.5%		5,020		5,370		-6.5%
Average		5,070		5,430		-6.6%		5,111		5,748		-11.1%
Uruguay
EoP		23.15		23.91		-3.2%		23.15		23.91		-3.2%
Average		23.49		23.96		-2.0%		23.91		23.91		0.0%
Dominican
EoP		33.59		32.90		2.1%		33.59		32.90		2.1%
Average		33.20		32.86		1.0%		33.07		33.18		-0.3%

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For further information please visit our website at:

http://www.americamovil.com

Legal Disclaimer

América Móvil, S.A. de C.V. (the “Company”) quarterly reports and all other written materials may from time to time contain 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. Forward looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance, or achievements, and may contain words like “believe”, “anticipate”, “expect”, “envisages”, “will likely result”, or any other words or phrases of similar meaning. 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 report. In no event, neither the Company nor any of its subsidiaries, affiliates, directors, officers, agents or employees shall be liable before any third party (including investors) for any investment or business decision made or action taken in reliance on the information and statements contained in this document or for any consequential, special or similar damages.

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