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    AMX L   MXP001691213

AMÉRICA MÓVIL, S.A.B. DE C.V.

(AMX L)
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America Móvil B de C : América Móvil to sell Claro Panama to Cable & Wireless

09/15/2021 | 09:42am EDT

"America Movil to sell Claro Panama to Cable & Wireless"

Mexico City, September 15, 2021. América Móvil, S.A.B. de C.V. ("AMX" or "America Movil") [BMV: AMX] [NYSE: AMX | AMOV] announced today that it has entered into an agreement with Cable & Wireless Panama, S.A. an affiliate of Liberty Latin America LTD., to sell its 100% interest in its subsidiary Claro Panama, S.A. The transaction excludes (i) all telecommunication towers owned indirectly by AMX in Panama and (ii) the Claro trademarks.

The agreed purchase price is Us$200 million on a cash/debt free basis. The closing of the transaction is subject to customary conditions for this type of transactions, including obtaining required governmental approvals. Parties expect the closing to occur during first half of 2022.

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.

Disclaimer

América Móvil SAB de CV published this content on 15 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2021 13:41:00 UTC.


© Publicnow 2021
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Financials
Sales 2021 1 001 B 49 518 M 49 518 M
Net income 2021 86 579 M 4 284 M 4 284 M
Net Debt 2021 554 B 27 412 M 27 412 M
P/E ratio 2021 13,3x
Yield 2021 2,90%
Capitalization 1 151 B 56 972 M 56 938 M
EV / Sales 2021 1,70x
EV / Sales 2022 1,68x
Nbr of Employees 182 858
Free-Float 47,6%
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Mean consensus OUTPERFORM
Number of Analysts 13
Last Close Price 17,64 MXN
Average target price 19,97 MXN
Spread / Average Target 13,2%
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Managers and Directors
Daniel Hajj Aboumrad Chief Executive Officer & Director
Carlos José García Moreno Elizondo Chief Financial Officer
Carlos Slim Domit Chairman
David Antonio Ibarra Muñoz Independent Director
Pablo Roberto González Guajardo Independent Director
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