America Móvil B de C : América Móvil acquires Nextel operations in Brazil

"América Móvil acquires Nextel operations in Brazil"

Mexico City, December 18, 2019. América Móvil, S.A.B. de C.V. ("AMX") [BMV: AMX] [NYSE: AMX | AMOV], announced today that it has completed its previously- announced acquisition of 100% of Nextel Telecomunicações Ltda. and its subsidiaries ("Nextel Brazil") from NII Holdings, Inc. and certain of its affiliates ("NII") and AI Brazil Holdings B.V.

The purchase price paid for Nextel Brazil was US$905 million on a cash free / debt free basis.

Nextel Brazil provides nationwide mobile telecommunications services. With this transaction, AMX consolidates it's operations as one of the leading telecommunication service providers in Brazil, strengthening its mobile network capacity, spectrum portfolio, subscriber base, coverage and quality, particularly in the cities of São Paulo and Rio de Janeiro, the main markets in Brazil.

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.