America Movil de CV : América Móvil informs about acquisition of spectrum in Mexico

"América Móvil informs about acquisition of spectrum in Mexico"

Mexico City, May 4, 2017. América Móvil, S.A.B. de C.V. ("AMX") [BMV: AMX] [NYSE: AMX | AMOV] [LATIBEX: XAMXL], announced today that its subsidiary Radiomóvil Dipsa, S.A. de C.V. ("Telcel"), received the required regulatory approval by the Federal Telecommunications Institute (Instituto Federal de Telecomunicaciones) to indirectly acquire from Grupo MVS, S.A. de C.V. ("Grupo MVS") the right to use and exploit approximately 60 MHz of spectrum owned by Grupo MVS in the 2.5 GHz band, in different regions of the country, pursuant to the agreement between Telcel and Grupo MVS dated as of November 28, 2016.

It is expected that the closing of the acquisition occurs during the second quarter of 2017.

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.