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América Móvil and Telmex agree with Verizon to terminate
agreement to acquire Verizons interest in CANTV
México City, México, February 8, 2007. América Móvil, S.A.B. de C.V. (BMV: AMX; NYSE: AMX; NASDAQ: AMOV; LATIBEX: XAMXL) today announced that its equally-owned joint venture with Teléfonos de México, S.A.B. de C.V. (Telmex) has agreed with Verizon Communications, Inc. (Verizon) to terminate the joint ventures agreement to acquire Verizons equity interest in Compañía Anónima Nacional Teléfonos de Venezuela (CANTV).
The parties agreed to terminate the acquisition agreement because they did not expect to receive governmental approvals necessary to complete the acquisition.
About América Móvil
América Móvil is the leading provider of wireless services in Latin America. As of December 31, 2006, it had over 124.8 million wireless subscribers and over 2.9 million fixed wirelines in the Americas.
Legal Disclaimer
This press release contains certain forward-looking statements that reflect the current views and/or expectations of the Company 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. América Móvil 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.
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Carlos García Moreno
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Name: Title: |
Carlos García Moreno
Chief Financial Officer
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