"Telmex's concession term expires on 2056"

Mexico City, October 22, 2021. América Móvil, S.A.B. de C.V. ("AMX") [BMV: AMX]

[NYSE: AMX | AMOV], informs that, with respect to certain information disclosed by the media in relation to the term of the concessions for the provision of telecommunication services by AMX's subsidiaries Teléfonos de México, S.A.B. de C.V. and Teléfonos del Noroeste, S.A. de C.V. (hereinafter, jointly, "Telmex"):

  1. An extension to the concessions' term was requested by Telmex to the Federal Telecommunications Institute (Instituto Federal de Telecomunicaciones or "IFT"), during 2016, in due time and form;
  2. As part of the process to grant the term extension requested by Telmex, the IFT recognized that Telmex was in compliance with the obligations under the concessions' agreements (título de concesión) and applicable laws;
  3. The IFT obtained the favorable opinion from the Ministry of Communications and Transportation (Secretaría de Comunicaciones y Transportes);
  4. Based on the above, on December 2016, the IFT issued a resolution granting Telmex a 30-year extension to the concessions' term, which will become effective in 2026, and pursuant to which the concessions' term will expire on 2056; and
  5. As part of its resolution, the IFT plenary shall notify Telmex, during the first quarter of 2023, a project of the concession agreement (título de concesión) including applicable operative terms and conditions.

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.

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América Móvil SAB de CV published this content on 22 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2021 23:13:05 UTC.