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

Mexico City, February 5, 2008 - 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 fourth quarter of 2007.

• We added 10 million subscribers in the quarter, bringing to 28.6 million our net subscriber additions for 2007, 6 million more than we had estimated at the beginning of last year.

• As of December we had 153.4 million wireless subscribers, including 50 million in Mexico. Together with 3.9 million fixed lines in Central America and the Caribbean, we had a total of 157.3 million lines.

• Of the year’s net additions 6.8 million were obtained in Mexico, 6.3 million in Brazil and 3.4 million in Argentina. Colombia, Central America and Peru each added in excess of 2 million subscribers, Peru being the operation that exhibited the fastest rate of subscriber growth among our operations. In the U.S. we gained 1.6 million clients and in the Caribbean 1.4 million.

• In the fourth quarter Brazil had its best quarter ever, having added 2.2 million subscribers, 31.5% more than in the same period of 2006. Mexico obtained 2.5 million, slightly above the previous year’s figure. Argentina and Colombia both gained just over a million subscribers.

• Our 2007 revenues, 312 billion pesos, were up 28.2% year-on-year, with service revenues increasing by 31.4% . Fourth quarter revenues came in at 85.2 billion pesos, driven by a 28.5% expansion of service revenues.

• EBITDA rose 41.6% from the previous year, to 127 billion pesos, of which 32.8 billion were obtained in the fourth quarter. The EBITDA margin stood at 40.7% for the year and was almost four percentage points higher than in 2006, with most of our operations registering higher margins. In the case of Brazil, Colombia and Argentina, margins improved by 12 to 14 percentage points in the year.

• We generated 86 billion pesos in operating profit, 21.3 billion in the fourth quarter. The year’s profit was up 40% annually.

• Our net profit totaled 58.6 billion pesos in 2007, exceeding the previous year’s by 31.9% . It resulted in earnings per share of 45 peso cents, 54.3% more than in 2006. In the fourth quarter our net profit was nearly 50% higher than a year before.

 

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• Share buybacks and dividends amounted to 54.2 billion pesos, capital expenditures to 34.6 billion pesos and the purchase price of our Puerto Rican and Jamaican operation to 26 billion. These outlays, which added up to 114.8 billion pesos, were mostly funded by our own cash flow, as our net debt increased by only 22.6 billion pesos. At the end of the year our net debt was equivalent to 0.73 times EBITDA (last twelve months), slightly less than at the end of 2006.

América Móvil Fundamentals

Constant Mex$
		4Q07		4Q06		Var. %		Jan-Dec’07		Jan-Dec’06		Var. %
EPS (Mex$)*		0.45		0.30		53.4%		1.67		1.23		35.3%
Earning per ADR (US$)**		0.00		0.00		97.2%		0.01		0.00		72.8%
Net Income (millions of Mex$ )		15,860		10,614		49.4%		58,588		44,422		31.9%
EBITDA (millions of Mex$)		32,846		25,594		28.3%		126,772		89,525		41.6%
EBIT (millions of Mex$)		21,341		17,869		19.4%		85,953		61,377		40.0%
Shares Outstanding (billion)		34.99		35.91		-2.6%		35.15		36.06		-2.5%
ADRs Equivalent (billions)		741.00		974.00		-23.9%		741.00		974.00		-23.9%

* Net Income / Total Shares outstanding
** 20 shares per ADR

Relevant Events

In November, we paid an extraordinary dividend of $1.00 Mexican peso to each of the series “AA”, “A” and “L” shares representative of the capital stock of América Móvil. The dividend amounted to 34.3 billion Mexican pesos and was equivalent to 3.2 billion dollars.

In the same month, we completed the acquisition of 100% of the shares of capital stock of Oceanic Digital Jamaica Limited.

We started to introduce our new 3G services in several countries in Latin America. Our enhanced UMTS/HSDPA wireless networks enable our clients to have access to value added services at high-speed data transmission rates, including wireless broadband accesses. By year-end 2008 we will cover the main cities in Latin America.

In order to continue our 3G rollout in Brazil, we acquired 20 MHz of additional spectrum in five regions and 30 MHz in the other six regions. The aggregate amount to be paid for the use of this spectrum is 1.4 billion reais.

At the shareholders’ meeting held on February 1st, the company was authorized to increase by 15 billion pesos its share buyback program.

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América Móvil's Subsidiaries & Affiliates as of December 2007

Country		Company		Business		Equity		Consolidation Method
						Participation
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
- Jamaica		Claro		wireless		100.0%		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 surpassed the 150 million subscribers mark in the fourth quarter to end the year with 153.4 million subscribers, 23% more than a year before. We added 10 million subscribers in the quarter, which brought to 28.6 million our net additions for the full year 2007, of which 786 thousand clients were obtained through acquisitions (Puerto Rico and Jamaica). Together with 3.9 million fixed lines in Central America and the Caribbean, we had a total of 157.3 million lines at the end of 2007.

In Mexico we reached 50 million subs, having added 2.5 million subscribers in the fourth quarter, somewhat more than in the same period of last year. Our subscriber base increased 5.3% over the quarter and 15.8% relative to a year before. We obtained a total of 6.8 million new subscribers in 2007.

In Brazil, our net additions in the fourth quarter, 2.2 million, were 31.5% greater than in the fourth quarter of 2006 making it our strongest quarter ever. Net additions for the full year came in at 6.3 million, exceeding by 21.6% those registered the previous year. They accounted for 30% of the growth of the Brazilian market in 2007, which made us the leader in subscriber additions. At year-end, our subscriber base totaled 30.2 million, 26.6% over 2006.

Altogether, in Argentina, Paraguay and Uruguay we obtained 1.1 million clients in the fourth quarter, bringing to 3.7 million our net additions through December. In spite of the high penetration rate in Argentina, our net additions in that country matched those seen a year ago. Our combined subscriber base rose to 14.6 million and was up 34.4% in annual terms.

 

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In Colombia, we added 1.1 million clients in the quarter and 2.8 million in the year. The quarter’s gains exceeded by 40.6% those of the fourth quarter of 2006. At the end of the year we had 22.3 million subscribers in Colombia, 14.4% more than a year before.

In Peru, where our subscriber base topped 5.5 million, our net subscriber additions came in at 639 thousand in the fourth quarter—47% more than a year before—bringing to 2.1 million the total for 2007. In Ecuador our subscriber base expanded by 340 thousand in the fourth quarter and by 1.3 million in the year. In Chile it increased by 110 thousand and 300 thousand, respectively.

Subscribers as of December 2007

Thousands
						Total(1)
Country		Dec'07		Sep'07		Var.%		Dec'06		Var.%
Mexico		50,011		47,516		5.3%		43,190		15.8%
Brazil		30,228		27,981		8.0%		23,881		26.6%
Chile		2,672		2,562		4.3%		2,372		12.6%
Argentina, Paraguay and Uruguay		14,618		13,520		8.1%		10,875		34.4%
Colombia		22,335		21,257		5.1%		19,521		14.4%
Ecuador		6,936		6,596		5.2%		5,657		22.6%
Peru		5,455		4,815		13.3%		3,369		61.9%
Central America		8,157		7,345		11.1%		5,875		38.8%
Caribe		3,496		3,000		16.5%		2,140		63.3%
USA		9,514		8,803		8.1%		7,896		20.5%
Total Wireless		153,422		143,394		7.0%		124,777		23.0%
Central America		2,197		2,114		3.96%		2,160		1.7%
Caribe		1,669		1,688		-1.2%		1,753		-4.8%
Total Fixed		3,866		3,802		1.7%		2,894		33.6%
Total Lines		157,287		147,196		6.9%		127,671		23.2%

(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 we obtained 812 thousand subscribers in the quarter, 30% more than in the previous year, which brought to 8.2 million our combined subscriber base in the region.

Tracfone, in the U.S., added 1.6 million clients in the year—711 thousand in the fourth quarter—to close December with 9.5 million subscribers, 20.5% more than a year before.

América Móvil

The trend towards EBITDA margin expansion begun in several operations in 2006 as subscriber acquisition costs fell in relation to revenues continued in 2007, with substantially all of them registering increases in margins. Service revenue growth was strong, even in the face of important price declines in several markets.

 

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Revenues totaled 312 billion pesos in 2007. They were up 28.2% year-on-year, with service revenues increasing by 31.4% . In the fourth quarter revenues came in at 85.2 billion pesos, on the back of a 28.5% expansion of service revenues. Most of our subsidiaries exhibited double-digit service revenue growth year-on-year in local currency in spite of the important price reductions seen in most markets.

As prices came down, traffic went up. The increase in fourth quarter minutes of use per subscriber relative to a year before hovered around 15% in Brazil, Colombia, Ecuador and the U.S. In Mexico, the increase in MOUs was even larger: they jumped 35.2% year-on-year.

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

Millions of constant Mex$ 

		4Q07		4Q06		Var.%		Jan - Dec 07		Jan - Dec 06		Var.%
Service Revenues		70,672		55,008		28.5%		266,336		202,731		31.4%
Equipment Revenues		14,536		12,700		14.5%		45,244		40,274		12.3%
Total Revenues		85,209		67,708		25.8%		311,580		243,005		28.2%
Cost of Service		16,860		12,111		39.2%		62,394		46,085		35.4%
Cost of Equipment		20,902		19,434		7.6%		69,980		64,711		8.1%
Selling, General & Administrative Expenses		14,601		10,568		38.2%		52,434		42,683		22.8%
Total Costs and Expenses		52,362		42,113		24.3%		184,808		153,479		20.4%
EBITDA		32,846		25,594		28.3%		126,772		89,525		41.6%
% of Total Revenues		38.5%		37.8%				40.7%		36.8%
Depreciation & Amortization		11,506		7,726		48.9%		40,818		28,149		45.0%
EBIT		21,341		17,869		19.4%		85,953		61,377		40.0%
% of Total Revenues		25.0%		26.4%				27.6%		25.3%
Net Interest Expense		1,122		1,764		-36.4%		4,737		4,788		-1.1%
Other Financial Expenses		1,700		221		n.m.		3,153		1,409		123.8%
Foreign Exchange Loss		-431		-653		33.9%		-2,463		-2,321		-6.1%
Monetary Result		-1,543		-1,809		14.7%		-5,038		-3,848		-30.9%
Comprehensive Financing Cost (Income)		848		-477		277.8%		387		28		n.m.
Other Income and Expenses		1,835		1,442		27.3%		4,472		-141		n.m.
Income & Deferred Taxes		2,804		6,241		-55.1%		22,454		17,018		31.9%
Net Income before Minority Interest and Equity		15,853		10,663		48.7%		58,640		44,472		31.9%
Participation in Results of Affiliates
minus
Equity Participation in Results of Affiliates		12		-6		301.1%		58		38		52.5%
Minority Interest		-4		-42		89.9%		-110		-88		-25.5%
Net Income		15,860		10,614		49.4%		58,588		44,422		31.9%
*n.m. = not meaningful

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Balance Sheet (in accordance with Mexican GAAP)*

América Móvil Consolidated
Millions of Constant Mex$

		Dec'07		Dec'06		Var.%				Dec'07		Dec'06		Var.%
Current Assets								Current Liabilities
Cash & Securities		12,022		45,102		-73.3%		Short Term Debt**		19,953		26,214		-23.9%
Accounts Receivable		44,756		42,427		5.5%		Accounts Payable		71,794		63,668		12.8%
Other Current Assets		4,488		5,200		-13.7%		Other Current Liabilities		23,214		36,375		-36.2%
Inventories		21,060		20,069		4.9%				114,960		126,256		-8.9%
		82,327		112,798		-27.0%
Long-Term Assets
Plant & Equipment		167,084		143,090		16.8%
Investments in Affiliates		590		581		1.5%		Long-Term Liabilities
								Long Term Debt		84,799		89,038		-4.8%
Deferred Assets								Other Liabilities		22,504		3,684		510.8%
Goodwill (Net)		44,725		26,708		67.5%				107,303		92,722		15.7%
Brands, Patents & Licenses		42,165		40,839		3.2%
Deferred Assets		12,231		8,709		40.4%
								Shareholder's Equity		126,858		113,747		11.5%
Total Assets		349,121		332,725		4.9%		Total Liabilities and Equity		349,121		332,725		4.9%

* This presentation conforms with that of América Móvil's audited financial statements
** Includes current portion of Long Term Debt

EBITDA ended the year at 127 billion pesos, having risen by 41.6% from the previous year. In the fourth quarter our EBITDA came in at 32.8 billion pesos, up 28.3% in relation to the same period a year before, and was equivalent to 38.5% of revenues.

The EBITDA margin for the full year, at 40.7% of total revenues, was almost four percentage points higher than in 2006 in spite of the rapid pace of subscriber growth in several markets. Three of our operations—Claro in Brazil, Comcel in Colombia and CTI in Argentina, Uruguay and Paraguay—saw their margins improve by 12 to 14 percentage points in the year.

Depreciation and amortization charges increased in relation to revenues, from 11.5% in 2006 to 13.1% in 2007, on account of both greater levels of investment and faster depreciation of TDMA—and even GSM—equipment. In the fourth quarter these charges represented 13.5% of revenues, down from 15.6% in the third quarter.

Our operating profit for the year came in at 86 billion pesos, of which 21.3 billion were obtained in the fourth quarter. It was 40% higher than the one registered the previous year and represented 27.6% of revenues.

We had a comprehensive financing cost of 387 million pesos, as our foreign exchange gains and the monetary adjustments from the inflationary gain obtained by our net debt position helped to almost fully compensate our net interest expense and other financial charges. The latter include the write-off of our US Commercial stock, which amounted to 1.3 billion pesos in the quarter. In the absence of this charge, we would have had a comprehensive financing income of 1.0 billion pesos.

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We obtained a net profit of 58.6 billion pesos, which was up 31.9% in relation to 2006. In the fourth quarter our net profit, 15.9 billion pesos, was nearly 50% higher than that of a year before. The latter was equivalent to 45 peso cents per share and 84 dollar cents per ADR.

At the close of 2007 our net debt stood at 92.7 billion pesos, having increased by 22.6 billion pesos in the year. Notwithstanding the increase in net debt, at the end of the year our net debt to EBITDA (last twelve months) ratio was only 0.73 times, slightly lower than at the end of 2006.

The cash flow we generated throughout the year allowed us to finance our capital expenditures in the amount of 34.6 billion pesos; to pay the purchase price of our Puerto Rican and Jamaican operations, 25.3 billion; and to cover our share buybacks and dividend payments, which added up to 54.2 billion pesos, with limited reliance on debt financing. These outlays totaled 114.1 billion pesos.

Financial Debt of América Móvil

Millions of U.S. Dollars

		Dec-07		Dec-06
Peso Denominated Debt		2,962		3,725
Bonds and other securities		2,407		2,946
Banks and others		555		780
U.S. Dollar - denominated debt		5,518		5,793
Bonds and other securities		4,293		3,593
Banks and others		1,225		2,200
Debt denominated in other currencies		1,161		691
Bonds and other securities		488		469
Banks and others		672		222
Total Debt		9,640		10,209
Short term debt and current portion of long-term debt		1,836		2,322
Long-term debt		7,804		7,887

Mexico

Our Mexican subscriber base increased 5.3% in the last quarter to finish the year at 50 million, 15.8% more than a year before. Net subscriber additions in the fourth quarter, just under 2.5 million, came slightly ahead of those observed a year before, bringing the total subscriber gains for 2007 to 6.8 million. By year-end approximately two out of every three Mexicans had a wireless phone.

At 127 billion pesos, our Mexican revenues were 12.1% greater than those obtained in 2006 in constant peso terms, with service revenues expanding at roughly the same pace. The rate of growth of service revenues surpassed that of subscriber growth for the year.

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Fourth quarter service revenues were up 9.9% year-on-year in constant peso terms, to 34 billion pesos. ARPU for that period was pulled down 5.0% in real terms from a year before by a decline in prices. Driven by Telcel’s commercial plans and promotions, Mexico’s average revenue per minute has come to be the lowest within the OECD countries except for the U.S. and, in the case of the prepaid segment, the lowest in the OECD block.

The reduction in Telcel’s prices was for the most part offset by the expansion in traffic it fostered, as MOUs jumped 35.2% in the period. (According to Merrill Lynch’s Global Wireless Matrix 3Q07, in the third quarter Mexico’s MOUs rose faster year-on-year than in any other of the 53 countries it covered).

EBITDA for the year came in at 67.7 billion pesos—up 17.1% year-on-year—of which 17.5 billion were obtained in the fourth quarter. The margin observed in 2007, 53.3%, was 2.3 percentage points higher than that of the previous year.

We are ready to launch 3G services in Mexico this month. The initial phase will cover 13 cities with approximately 47 million pops. Our new UMTS network will allow us to expand the array of services and products we offer our subscribers. Noteworthy amongst these will be our new wireless broadband accesses. The new UMTS network will also provide us with additional voice capacity that will strengthen overall our Mexican operation.

INCOME STATEMENT

Mexico
Millions of Constant Mex$

		4Q07		4Q06		Var.%		Jan - Dec 07		Jan - Dec 06		Var.%
Revenues		34,025		31,347		8.5%		127,027		113,295		12.1%
EBITDA		17,525		16,457		6.5%		67,691		57,791		17.1%
%		51.5%		52.5%				53.3%		51.0%
EBIT		15,493		14,466		7.1%		59,617		50,176		18.8%
%		45.5%		46.1%				46.9%		44.3%

Mexico´s Operating Data

		4Q07		4Q06		Var.%
Wireless Subscribers (thousands)		50,011		43,190		15.8%
Postpaid		3,682		3,064		20.2%
Prepaid		46,329		40,126		15.5%
MOU		165		122		35.2%
ARPU (Constant Mex$)		183		193		-5.0%
Churn (%)		3.6%		3.5%		0.1

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Argentina, Paraguay and Uruguay

Our combined operations in Argentina, Paraguay and Uruguay added 1.1 million clients in the fourth quarter of the year, bringing to 3.7 the number of net additions for 2007. Our subscriber base climbed 34.4% in the year, to 14.6 million. Our postpaid subscriber base has been growing more rapidly than the prepaid one, both sequentially and annually. In the latter case, the postpaid base increased by 51.0%, compared to 32.6% for the prepaid subscribers.

Revenues came in at 1.7 billion Argentinean pesos in the fourth quarter, exceeding by 34.9% those registered a year before and bringing the figure for 2007 to 5.8 billion Argentinean pesos. With service revenues growing faster than our subscriber base, ARPU rose 3.1% on a quarterly basis and 1.0% as compared to the same period of last year. Fourth quarter data revenues rose 56% annually; data now represents over 29% of our service revenues in the region.

We generated 469 million Argentinean pesos in the fourth quarter, more than doubling the one registered in the fourth quarter of 2006. The year’s EBITDA, which totaled 1.6 billion Argentinean pesos, surpassed the previous year’s by 87.1%, on the back of strong service revenue growth and continued control over costs and expenses. The margin increased 8.1 percentage points from a year before, to 27.4% .

With our new 3G networks in CTI’s region, our clients will now be able to access broadband services and other data-intensive applications through our wireless platform.

INCOME STATEMENT

Argentina, Paraguay & Uruguay
Millions of ARP$ check

		4Q07		4Q06		Var.%		Jan - Dec 07		Jan - Dec 06		Var.%
Revenues		1,683		1,247		34.9%		5,812		4,419		31.5%
EBITDA		469		217		116.6%		1,594		852		87.1%
%		27.9%		17.4%				27.4%		19.3%
EBIT		356		144		147.7%		1,184		561		111.0%
%		21.1%		11.5%				20.4%		12.7%

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Argentina, Paraguay & Uruguay Operating Data

		4Q07		4Q06		Var.%
Wireless Subscribers (thousands)		14,618		10,875		34.4%
Postpaid		1,642		1,087		51.0%
Prepaid		12,976		9,788		32.6%
MOU		131		135		-3.5%
ARPU (ARG$)		33		33		1.0%
Churn (%)		2.0%		1.6%		0.4

Brazil

Our subsidiary Claro led the Brazilian market in 2007 with a 30% share of net subscriber additions. We gained 6.3 million clients, of which 2.2 million were obtained in the fourth quarter—our best quarter ever—taking our subscriber base to 30.2 million clients at the end of December. Our postpaid subscriber base expanded nearly twice as fast in 2007 (44.7%) as our prepaid one.

At 2.9 billion reais, fourth quarter revenues rose 22.4% in relation to the same period of last year, and 12.8% over the quarter. Service revenues grew slightly faster, driving ARPU up 1.6% sequentially and 3.8% annually—even in the face of very strong subscriber growth—helped along by MOUs, which climbed 6.6% sequentially and 12.5% annually. 2007 revenues totaled 10.0 billion reais, 19.3% more than a year before, with service revenues rising 23.1% .

We generated 675 million reais of EBITDA in the quarter, more than doubling the figure registered in the same period of last year. The total for the year was 2.5 billion reais, 2.4 times what we obtained in 2006, driven by strong revenue growth and by a very important margin expansion: 12.3 percentage points in the year, which brought the margin for 2007 to 25.0% of total revenues.

It is important to note that, as we do in all of our operations, Claro’s handset subsidies are expensed upfront. Our EBITDA margin is therefore net of handset subsidies, which have been fully accounted for. In addition, it is important to note that we do not have non-wireless revenue streams in Claro.

Through Claro we were the first carrier to offer 3G services in Brazil. In the first phase, the new services will cover 37 cities. We will continue to expand our 3G offerings throughout the country.

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INCOME STATEMENT

Brazil
Millions of R$

		4Q07		4Q06		Var.%		Jan - Dec 07		Jan - Dec 06		Var.%
Revenues		2,864		2,339		22.4%		9,988		8,374		19.3%
EBITDA		675		300		125.0%		2,501		1,067		134.5%
%		23.6%		12.8%				25.0%		12.7%
EBIT		-20		-120		83.6%		326		-558		158.5%
%		-0.7%		-5.1%				3.3%		-6.7%

Brazil´s Operating Data

		4Q07		4Q06		Var.%
Wireless Subscribers (thousands)		30,228		23,881		26.6%
Postpaid		5,752		3,974		44.7%
Prepaid		24,476		19,907		23.0%
MOU		85		75		12.5%
ARPU (R$)		28		27		3.8%
Churn (%)		2.0%		3.3%		(1.3)

Chile

Our subscriber base in Chile increased 12.6% year-over-year to reach 2.7 million subscribers. We added 300 thousand clients in the year, 110 thousand of them in the fourth quarter.

We obtained 260.1 billion Chilean pesos in revenues during 2007, 35.1% more than a year before. Service revenue growth outpaced subscriber growth in the period pushing ARPU up 5.1% . We registered an EBITDA loss that represents 10% of our 2007 revenues, which partly reflects the write-off of uncollected receivables.

We took the lead in introducing 3G services in the country. By year-end, we covered over 41% of the Chilean population with our UMTS network. We are now providing wireless broadband accesses and are offering other new services and applications. Claro will keep expanding the coverage of its 3G network.

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INCOME STATEMENT

Chile
Millions of Ch$

		4Q07		4Q06		Var.%		Jan - Dec 07		Jan - Dec 06		Var.%
Revenues		66,384		61,102		8.6%		260,123		192,566		35.1%
EBITDA		-8,849		-7,960		-11.2%		-25,949		10,647		-343.7%
%		-13.3%		-13.0%				-10.0%		5.5%
EBIT		-16,248		-14,690		-10.6%		-54,841		-16,314		-236.2%
%		-24.5%		-24.0%				-21.1%		-8.5%

Chile´s Operating Data

		4Q07		4Q06		Var.%
Wireless Subscribers (thousands)		2,672		2,372		12.6%
Postpaid		395		474		-16.7%
Prepaid		2,277		1,898		20.0%
MOU		123		141		-12.8%
ARPU (Chilean$)		7,138		6,790		5.1%
Churn (%)		4.9%		2.1%		2.7

Colombia

In 2007, our Colombian operations added 2.8 million subscribers, 40% of them in the fourth quarter. Our subscriber base expanded 14.4% in the year, to 22.3 million clients.

Service revenues grew by 20.8% in 2007, more rapidly than the subscriber base, with revenues totaling 5.5 trillion Colombian pesos. Revenues in the fourth quarter, 1.4 trillion Colombian pesos, were up 11.9% annually. The quarter’s ARPU remained relatively stable from a year before supported by a 12.5% increase in MOUs that offset, for the most part, the 13.4% reduction in its average price per minute of voice.

EBITDA rose 68.2% in 2007 to 2.7 trillion Colombian pesos as the EBITDA margin jumped by 13.8 percentage points, to 48.8% . In the fourth quarter EBITDA reached 689 billion Colombian pesos and was equivalent to 48.1% of revenues.

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INCOME STATEMENT

Colombia
Billions of COP$

		4Q07		4Q06		Var.%		Jan - Dec 07		Jan - Dec 06		Var.%
Revenues		1,434		1,281		11.9%		5,507		4,573		20.4%
EBITDA		689		531		29.7%		2,689		1,598		68.2%
%		48.1%		41.5%				48.8%		35.0%
EBIT		373		389		-4.0%		1,479		1,037		42.7%
%		26.0%		30.4%				26.9%		22.7%

Colombia´s Operating Data

		4Q07		4Q06		Var.%
Wireless Subscribers (thousands)		22,335		19,521		14.4%
Postpaid		3,246		2,892		12.2%
Prepaid		19,088		16,629		14.8%
MOU		131		116		12.5%
ARPU (COP$)		19,175		19,546		-1.9%
Churn (%)		2.4%		2.2%		0.2

Ecuador

After adding 340 thousand clients in the last quarter and 1.3 million in the full year, we ended 2007 with close to 7 million subscribers, 22.6% more than we had a year before. The postpaid base grew more rapidly than the prepaid base in the period.

2007 revenues reached 872 million dollars, having risen 21.4% in the year. Fourth quarter revenues were up 8.8% relative to the previous quarter and 15.3% annually, to 231 million. Our average price per minute of voice plummeted by 20% in that period, helping drive a 13.9% increase in traffic per subscriber that was not strong enough to stem a decline in ARPU.

EBITDA amounted to 360 million dollars, 90 million of which were obtained in the last quarter of the year. The year’s EBITDA was up 45.1% relative to 2006 as the costs of growth, particularly subscriber acquisition costs, became smaller in relation to the revenue base.

The Ecuadorian Ministry of Communications (Senatel) after conducting a verification process, accepted our explanation regarding the technical failure of certain equipment in September that led to a congestion of the network. It therefore has cancelled the process that could have led to the revocation of the license under which we provide wireless services in Ecuador. The license expires in August 2008 and has yet to be renewed by the Ecuadorian Government.

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INCOME STATEMENT

Ecuador
Millions of US$

		4Q07		4Q06		Var.%		Jan - Dec 07		Jan - Dec 06		Var.%
Revenues		231		201		15.3%		872		718		21.4%
EBITDA		90		85		5.7%		360		248		45.1%
%		39.0%		42.5%				41.3%		34.6%
EBIT		68		64		7.4%		269		174		54.4%
%		29.6%		31.8%				30.8%		24.2%

Ecuador´s Operating Data

		4Q07		4Q06		Var.%
Wireless Subscribers (thousands)		6,936		5,657		22.6%
Postpaid		773		608		27.2%
Prepaid		6,163		5,049		22.1%
MOU		69		61		13.9%
ARPU (US$)		9		10		-10.3%
Churn (%)		2.8%		3.4%		(0.60)

Peru

Peru continued to outpace all our other operations in terms of subscriber growth. Its subscriber base expanded 61.9% in the year, to 5.5 million subs, which entailed 2.1 million net additions, 639 thousand of them in the fourth quarter.

In 2007, revenues totaled 1.8 billion soles, a 34.3% increase over the previous year, with fourth quarter revenues coming in at 506 million soles. The quarter’s ARPU came down mostly as a consequence of the rapid pace of subscriber growth.

EBITDA for the year came in at 571 million soles—equivalent to 31.8% of revenues—as it increased 22.0% over the year. In the last quarter we registered 141 million soles of EBITDA, with a margin of 27.8% . The decrease in the EBITDA margin relative to the same period of 2006 is also reflective of the rapid pace of subscriber growth.

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INCOME STATEMENT

Peru
Millions of Soles

		4Q07		4Q06		Var.%		Jan - Dec 07		Jan - Dec 06		Var.%
Revenues		506		405		25.0%		1,794		1,336		34.3%
EBITDA		141		155		-9.3%		571		468		22.0%
%		27.8%		38.3%				31.8%		35.0%
EBIT		100		95		6.2%		384		260		47.7%
%		19.8%		23.3%				21.4%		19.5%

Peru´s Operating Data

		4Q07		4Q06		Var.%
Wireless Subscribers (thousands)		5,455		3,369		61.9%
Postpaid		521		315		65.5%
Prepaid		4,933		3,054		61.6%
MOU		73		71		1.6%
ARPU (Sol)		26		35		-25.9%
Churn (%)		2.5%		2.4%		0.02

Central America

Our wireless subscriber base in the region, comprising our operations in Guatemala, Honduras, Nicaragua and El Salvador, grew 38.8% year-on-year after adding 2.3 million clients in the period, including 812 thousand subscribers obtained in the last quarter.

Consolidated revenues for the year were 1.5 billion dollars, of which 383 million were generated in the last quarter. EBITDA amounted to 746 million dollars, slightly exceeding the previous year’s figure. The EBITDA margin came in at 49.9% in the year, one percentage point higher than a year before.

INCOME STATEMENT

Central America Consolidated
Millions of US$

		4T07		4T06		Var. %		Jan - Dec 07		Jan - Dec 06		Var. %
Revenues		383		389		-1.6%		1,495		1,490		0.4%
EBITDA		177		176		0.6%		746		729		2.3%
%		46.3%		45.3%				49.9%		48.9%
EBIT		104		113		-7.5%		473		485		-2.5%
%		27.3%		29.0%				31.6%		32.6%

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Central America´s Operating Data

		4Q07		4Q06		Var.%
Wireless Subscribers (thousands)		8,157		5,875		38.8%
Postpaid		413		358		15.4%
Prepaid		7,743		5,517		40.4%
Fixed Lines (thousands)		2,128		2,160		-1.5%
Total Lines (Wireless + Fixed, 000's)		10,284		8,035		28.0%
MOU(2)		138		141		-2.3%
ARPU (US$)		7		9		-18.5%
Churn (%) (2)		1.6%		0.8%		0.8

Caribbean

We finished December with 3.5 million wireless subscribers in the Caribbean, having added in the last quarter 274 thousand subscribers in the Dominican Republic and Puerto Rico and 222 thousand clients in Jamaica through the acquisition of our operation in that country.

Fourth quarter revenues amounted to 544 million dollars, bringing the year’s total to 2.2 billion dollars of which only 1.9 billion dollars were consolidated in América Móvil. 2007 EBITDA totaled 861 million dollars (only 508 million dollars appear in our consolidated figures), with 218 million coming through in the fourth quarter. Their combined EBITDA margin was stable at 39.7% .

INCOME STATEMENT

The Caribbean
Millions of US$

		4Q07		4Q06		Var. %		Jan - Dec 07		Jan - Dec 06		Var. %
Revenues		544		543		0.1%		2,170		2,180		-0.5%
EBITDA		218		208		4.7%		861		858		0.4%
%		40.1%		38.4%				39.7%		39.3%
EBIT		129		114		13.8%		508		491		3.5%
%		23.8%		20.9%				23.4%		22.5%

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The Caribbean´s Operating Data

		4Q07
Wireless Subscribers (thousands)		3,274
Postpaid		792
Prepaid		2,482
Fixed Lines (thousands)		1,669
Total Lines (Wireless + Fixed, 000's)		4,943
MOU(2)		303
ARPU (US$)		19
Churn (%) (2)		3.2%

United States

Tracfone added 711 thousand subscribers in the fourth quarter and 1.6 million in the year to finish 2007 with 9.5 million subscribers, 20.5% more than a year before. The net adds in the fourth quarter exceeded by 6.9% those obtained in the same period of 2006.

Revenues for the full year rose 7.7% annually, to 1.4 billion dollars, with service revenues increasing at a 10.9% pace. In the fourth quarter, Tracfone generated 363 million dollars in revenues, 9.3% more than in the same period of last year. Whereas the quarter’s ARPU was down 12.1% year-on-year, the cost of airtime fell as well.

EBITDA for the year reached 159 million dollars, expanding 80.2% annually on the back of rising revenues and lower costs. It climbed 4.5 percentage points in the year, to 11.3% of revenues.

INCOME STATEMENT

United States
Millions of US$

		4Q07		4Q06		Var.%		Jan - Dec 07		Jan - Dec 06		Var.%
Revenues		363		332		9.3%		1,401		1,301		7.7%
EBITDA		16		22		-29.6%		159		88		80.2%
%		4.3%		6.7%				11.3%		6.8%
EBIT		8		17		-51.2%		135		67		99.9%
%		2.2%		5.0%				9.6%		5.2%

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United States Operating Data

		4Q07		4Q06		Var.%
Wireless Subscribers (thousands)		9,514		7,896		20.5%
MOU		76		66		16.3%
ARPU (US$)		12		13		-12.1%
Churn (%)		3.6%		5.5%		(1.8)

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Exchange Rates

		4T07		4T06		Var.%		Jan - Dec 07		Jan - Dec 06		Var.%
México
EoP		10.87		10.88		-0.1%		10.87		10.88		-0.1%
Average		10.84		10.88		-0.4%		10.95		10.92		0.3%
Brasil
EoP		1.77		2.14		-17.2%		1.77		2.14		-17.2%
Average		1.77		2.15		-17.8%		1.93		2.17		-11.0%
Argentina
EoP		3.15		3.06		2.8%		3.15		3.06		2.8%
Average		3.15		3.07		2.4%		3.12		3.08		1.3%
Chile
EoP		497		532		-6.7%		497		532		-6.7%
Average		498		528		-5.6%		521		530		-1.6%
Colombia
EoP		2,015		2,239		-10.0%		2,015		2239		-10.0%
Average		2,025		2,285		-11.4%		2,073		2,364		-12.3%
Guatemala
EoP		7.63		7.60		0.5%		7.63		7.60		0.5%
Average		7.67		7.62		0.7%		7.69		7.61		1.1%
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		18.90		18.00		5.0%		18.90		18.00		5.0%
Average		18.83		17.93		5.0%		18.83		17.93		5.0%
Perú
EoP		3.00		3.20		-6.3%		3.00		3.20		-6.3%
Average		3.00		3.21		-6.7%		3.00		3.21		-6.7%
Paraguay
EoP		4,850		5,170		-6.2%		4,850		5170		-6.2%
Average		4,817		5,317		-9.4%		5,038		5,640		-10.7%
Uruguay
EoP		21.55		24.47		-11.9%		21.55		24.47		-11.9%
Average		21.84		24.23		-9.9%		23.39		23.39		0.0%
Dominicana
EoP		34.37		33.39		2.9%		34.37		33.39		2.9%
Average		33.93		33.54		1.2%		33.28		33.27		0.0%

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