América Móvil acquires minority interest of BNDES in Claro Brasil

distributed by noodls on 12/06/2012 19:56

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"América Móvil acquires minority interest of BNDES in Claro Brasil"

Mexico City, Mexico, December 5, 2012 -- América Móvil, S.A.B. de C.V. ("AMX") (BMV: AMX; NYSE: AMX; NASDAQ: AMOV; LATIBEX: XAMXL), announced today that it has acquired the minority interest that Banco Nacional de Desenvolvimento Econômico e Social ("BNDES"), held in Claro Brasil, which amounted to 0.08% of the capital stock of the Brazilian operator.

As a result of this transaction, AMX and BNDES have terminated certain legal proceedings related to the aforesaid minority interest.

About AMX

AMX is the leading provider of wireless services in Latin America. As of September 30,

2012, it had approximately 256 million wireless subscribers and approximately 62.8 million fixed revenue generating units in the Americas.

Legal Disclaimer.
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.