America Móvil B de C : América Móvil informs to the market

"América Móvil informs to the market"

Mexico City, December 14, 2020. América Móvil, S.A.B. de C.V. ("AMX") [BMV: AMX]

[NYSE: AMX | AMOV], informs that the binding offer submitted by its Brazilian subsidiary, Claro S.A. ("Claro"), jointly with Telefónica Brasil S.A. ("Telefonica") and TIM S.A. ("TIM", and jointly with Claro and Telefonica, the "Offerors"), was declared winner for the acquisition of the mobile business owned by Oi Group.

The total offer price is R$16,500 million, of which Claro will pay 22%. In consideration of such amount, Claro shall receive 32% of Oi Group's mobile business customer base, as of Anatel's access base dated April 2020, and, approximately, 4.7 thousand mobile access sites (32% of Oi Group's mobile business access sites). The Offerors also committed to enter into long term agreements with Oi Group, for the supply of data transmission capacity to the Offerors.

The closing of the transaction is subject to customary conditions for this type of transactions, including regulatory approval from Agência Nacional de Telecomunicações

• Anatel and Conselho Administrativo de Defesa Econômica - CADE. Claro expects the closing to occur during 2021.

If concluded, the transaction will create additional value to Claro, its clientes and its shareholders, through increased growth, generation of operating efficiencies and improvements in service quality. In addition, it will contribute to the development and competitiveness of the Brazilian telecommunications sector.

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.