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“América Móvil informs about a fine imposed on
Telmex by the Instituto Federal de Telecomunicaciones”
Mexico City, Mexico, January 9, 2015. América Móvil, S.A.B. de C.V. ("América Móvil") [BMV: AMX] [NYSE: AMX] [NASDAQ: AMOV] [LATIBEX: XAMXL], informs that its subsidiary Teléfonos de México, S.A.B. de C.V. (“Telmex”), was notified this afternoon of a resolution issued by the Federal Telecommunications Institute (Instituto Federal de Telecomunicaciones, or “IFT”), related to an administrative proceeding (procedimiento de presunta responsabilidad) commenced in 2014 with respect to its current commercial relationship with Dish México Holdings, S. de R.L. de C.V., and its related companies (collectively, “Dish”), through which the IFT has imposed a fine for an amount of MXP$14.4 million on the grounds that an alleged merger (concentración) between Telmex and Dish was not notified in November 2008.
América Móvil and Telmex do not agree with IFT’s views and conclusions provided under the IFT resolution and will exercise any and all legal remedies to challenge it.
América Móvil will keep the investors and the market duly informed and updated about this issue in a timely manner.
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. | ||
By: |
/S/ Alejandro Cantú Jiménez
| |
Name: Title: |
Alejandro Cantú Jiménez
Attorney-in-fact |