América Móvil’s shareholders approved the spin-off
Mexico City, Mexico, April 17, 2015. América Móvil, S.A.B. de C.V. ("AMX") [BMV: AMX] [NYSE: AMX] [NASDAQ: AMOV] [LATIBEX: XAMXL], announced today that its shareholders, approved with a favorable vote of 98.2% of AMX’s total ordinary shares outstanding, the spin-off through which AMX will contribute to a sociedad anónima bursátil de capital variable called Telesites, S.A.B. de C.V.1, certain assets (mainly comprised of the passive infrastructure used by its wireless operations in Mexico), liabilities and equity.
Additionally, it has been approved to initiate the necessary and convenient processes to implement the spin-off approved today.
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.
1 This company (i) might have any other corporate name authorized by the Mexican Ministry of Economy (Secretaría de Economía); and (ii) will become a public company (sociedad anónima bursátil de capital variable) once its shares are registered with the National Securities Registry (Registro Nacional de Valores) mantained by the Comisión Nacional Bancaria y de Valores.