America Movil de CV : América Móvil announces sell down of its current shareholding in Telekom Austria AG

"América Móvil announces sell down of its current shareholding in Telekom Austria AG"

Mexico City, August 22, 2016. América Móvil, S.A.B. de C.V. ("AMX") [BMV: AMX] [NYSE: AMX] [NASDAQ: AMOV] [LATIBEX: XAMXL], announces it will sell to the market through an accelerated book build offering to institutional investors a total of 5,922,550 shares in Telekom Austria AG ("TKA"), representing approximately 0.89% of TKA's outstanding share capital. AMX holds approximately 51.89% of TKA's outstanding share capital. Following the successful completion of this transaction, AMX stake will be reduced to 51.0%.

AMX has no current intention to sell any of its residual (51%) shareholding in TKA. In addition, AMX has agreed to a 180 day lock-up provision with customary exceptions.

Citigroup Global Markets Limit is acting as sole bookrunner in the offering.

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.