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América Móvil announces a proposal for a dividend payment and an increase in the amount to repurchase shares
MEXICO CITY, MEXICO, March 9, 2010. AMÉRICA MÓVIL, S.A.B. DE C.V. (AMX) (BMV: AMX; NYSE: AMX; Nasdaq: AMOV; LATIBEX: XAMXL) announced that in todays meeting, its Board of Directors decided to submit to the Ordinary General Shareholders Meeting to be held on or before April 30, 2010, a proposal to make a payment of a cash dividend from the consolidated net profit tax account of MXP$0.32 (thirty two peso cents), payable in a single installment, to each of the series of shares AA, A" and "L" that represent the capital stock of AMX (which includes the preferred dividend correspondent to the series L shares) and to increase in MXP$50,000,000,000.00 (fifty billion pesos) the outstanding amount to repurchase shares in accordance with article 56 of the Securities Market Law.
About AMX
America Movil is the leading provider of wireless services in Latin America. As of December 31, 2009, it had 201 million wireless subscribers and 3.8 million landlines 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. América Móvil 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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Carlos García Moreno
Chief Financial Officer
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