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América Móvil to acquire Simple Mobile

Mexico City, Mexico, May 10, 2012 -- América Móvil, S.A.B. de C.V. ( AMX ) (BMV: AMX; NYSE: AMX; NASDAQ: AMOV; LATIBEX: XAMXL), announced today that its subsidiary Tracfone Wireless, Inc., has entered into an agreement to acquire 100% of the operations of Simple Mobile, Inc. ( Simple Mobile ), one of T-Mobile s largest mobile virtual network operators (MVNO s) in the United States, that services over 1 million customers and offers, among others, voice, messaging, data and wireless broadband plans.

The completion of the transaction is subject to certain approvals and conditions customary in this type of transactions and is expected to occur during the second quarter of 2012.

About AMX

AMX is the leading provider of wireless services in Latin America. As of March 31, 2012, it had 246 million wireless subscribers and 59.7 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.