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“América Móvil informs about spectrum auction results published by the Instituto Federal de Telecomunicaciones”
Mexico City, February 19, 2016. América Móvil, S.A.B. de C.V. ("AMX") [BMV: AMX] [NYSE: AMX] [NASDAQ: AMOV] [LATIBEX: XAMXL], AMX informs that, as a result of the spectrum auction recently carried out by the Federal Telecommunications Institute (Instituto Federal de Telecomunicaciones or “IFT”), its subsidiary Radiomóvil Dipsa S.A. de C.V. (“Telcel”), gained a total of 20 MHz nationwide in the AWS-1 band and 40 MHz nationwide in the AWS-3 band, which will be added to the current spectrum holdings in said band. The concessions obtained will expire on October 1, 2030 and Telcel will pay a total of MXP$2,098,059,883.00 for the rights of use of the spectrum during the term of the concessions.
The concessions will be granted upon compliance of certain requirements provided under the auction rules issued by the IFT.
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 Jimenez
| |
Name: Title: |
Alejandro Cantú Jiménez
Attorney-in-fact |