America Movil de CV : AMX Informs to the Market

"América Móvil informs to the market"

Mexico City, August 29, 2017. América Móvil, S.A.B. de C.V. ("AMX") [BMV: AMX] [NYSE: AMX | AMOV], informs that today its subsidiary Comunicación Celular, S.A. ("COMCEL") has fulfilled, under protest and reserving all of its rights and those of its shareholders, the payment obligation contained on the arbitral award under the arbitration initiated by Colombia's Ministry of Information and Communications (Ministerio de Tecnologías de la Información y las Comunicaciones de Colombia or "MinTIC") against COMCEL, in relation with its request to declare the enforceability of the clause, included in the concession agreements, providing for the reversion of wireless telecommunication assets related to the provision of services operated by COMCEL until 2013.

COMCEL is challenging the arbitral award in accordance with Colombian legislation. COMCEL will exhaust every national and international available legal action to challenge the arbitral award.

Additionally, in August 2016, AMX initiated an arbitration claim under the Free Trade Agreement between Mexico and Colombia ("FTA Mexico-Colombia") with respect to certain measures adopted by Colombia against AMX's and COMCEL'S investments in breach of the FTA Mexico-Colombia and international law.

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.