America Móvil B de C : Q3 2020 Quarterly Report

CONTENT

Highlights

Relevant events

Subscribers

América Móvil Consolidated

Carlos García-Moreno

Chief Financial Officer [e-mail]

Daniela Lecuona Torras

Investor Relations Office [e-mail]

América Móvil's third quarter of 2020 financial and operating report

	3Q20
Mexico City, October 20th, 2020 - América Móvil, S.A.B. de C.V. ("América Móvil") [BMV:

AMX] [NYSE: AMX, AMOV], announced today its financial and operating results for the third quarter of 2020.

Mexico

Argentina

• As confinement measures began to be lifted our commercial activity saw a rebound in most countries in our region of operations.
• Postpaid net additions totaled 1.8 million wireless subscribers, the majority coming from Brazil, Austria and Colombia. In the prepaid segment, we gained 1.4 million clients including 1.2 million in Mexico, approximately 300 thou- sand in each of Colombia and Ecuador, and 237 thousand in Peru.

1.8M postpaid net adds

Brazil

Colombia

Chile

• Fixed-broadbandremains the main driver on the fixed-line platform; we con- nected 446 thousand new broadband accesses, including 122 thousand in Colombia, 117 thousand in Mexico, 70 thousand in Peru and 62 thousand in Brazil.
• Third quarter revenues of 260 billion pesos rose 4.7% year-on-year in Mexican peso terms as service revenues expanded 5.4%. At constant exchange rates, service revenues increased 1.5%. from 0.8% in the prior quarter with those on the mobile platform accelerating to 3.5% from 2.3% in the prior quarter.

446k new broadband accesses

3Q Revenues +4.7% YoY

Ecuador

Peru

Central America

Caribbean

• Mobile service revenues were lifted by prepaid revenues which rose 2.5% af- ter declining 2.0% the prior quarter.
• EBITDA of 86.5 billion pesos was up 10.1% in Mexican peso terms. At constant exchange rates EBITDA increased 7.2%, more than twice as in the prior quar- ter.
• Our operating profit jumped 18.4% to 45.1 billion pesos and helped bring about an increase of 45% in our net income of 18.9 billion pesos in the third quarter, even after financing costs of 22.4 billion pesos that were up 82% year-on-year.

Prepaid revenues +2.5% YoY

EBITDA +7.2% Yoy at constant Fx

Operating profit +18% YoY

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

•	Our cash flow covered our capital expenditures of 91.0 billion pesos and al-	CapEx of MxP 91 Bn
	lowed us to significantly reduce our liabilities, directing 47.0 billion pesos to
	the reduction of our net debt and 15 billion pesos to pension obligations.
•	At the end of September our net debt stood at 726 billion pesos, up from	Net debt to EBITDA
	677 billion pesos relative to December on account of the depreciation of the	at 1.88x
	Mexican peso vs. the U.S. dollar and the euro. It stood at 1.88 times EBITDA
	under IAS 17.

We will host our conference call to discuss 3Q20 financial and operating results on October 21st at 9:00 am

Mexico City time. To access the call please log on to www.americamovil.com/investors

CONTENT		page 2
Highlights
		América Móvil Fundamentals
Relevant events				3Q20	3Q19
		Earnings per Share (Mex$) (1)	0.28	0.20
Subscribers		Earning per ADR (US$) (2)		0.26	0.20
	EBITDA per Share (Mex$) (3)		1.30	1.19
América Móvil		EBITDA per ADR (US$)		1.18	1.22
Consolidated		Net Income (millions of Mex$)	18,861	13,043
		Average Shares Outstanding (billion)	66.37	66.01
Mexico
	(1) Net Income / Average Shares Outstanding
		(2) 20 shares per ADR
		(3) EBITDA / Average Shares Outstanding
Argentina
		América Móvil's Subsidiaries as of September 2020
		Country	Brand	Business	Equity
Brazil		Participation
		Mexico	Telcel	wireless	100.0%
Colombia			Telmex	wireline	98.8%
	Sección Amarilla	other	100.0%
			Telvista	other	90.0%
Chile
	Argentina	Claro	wireless	100.0%
			Telmex	wireline	100.0%
Ecuador		Brazil	Claro	wireless/wireline	98.5%
Chile	Claro	wireless	100.0%
			Telmex	wireline	100.0%
Peru
Colombia	Claro	wireless/wireline	99.4%
		Costa Rica	Claro	wireless	100.0%
Central America		Dominicana	Claro	wireless/wireline	100.0%
		Ecuador	Claro	wireless/wireline	100.0%
		El Salvador	Claro	wireless/wireline	95.8%
Caribbean
Guatemala	Claro	wireless/wireline	99.3%
		Honduras	Claro	wireless/wireline	100.0%
USA
	Nicaragua	Claro	wireless/wireline	99.6%
		Panama	Claro	wireless/wireline	100.0%
Austria & CEE		Paraguay	Claro	wireless/wireline	100.0%
Peru	Claro	wireless/wireline	100.0%
Currency		Puerto Rico	Claro	wireless/wireline	100.0%
Uruguay	Claro	wireless/wireline	100.0%
Exchange Rates
USA	Tracfone	wireless	100.0%
Appendix		Netherlands	KPN	wireless/wireline	17.9%
Austria	Telekom Austria	wireless/wireline	51.0%
Glossary

CONTENT

page 3

Highlights

Relevant Events

Subscribers

América Móvil Consolidated

Mexico

Argentina

Brazil

Colombia

Chile

The reported figures for Argentina corresponding to the third quarter of 2020 are presented in accordance with a) IAS29 reflecting the effects of the adoption of inflationary accounting that became mandatory after the Argentinean economy was deemed to be hyperinflationary in the third quarter of 2018 and b) IAS21 translated to Mexican pesos using the end-of-period exchange rate.

All comparisons at constant exchange rates for America Movil's consolidated figures will exclude Argentina to ensure consistency.

Relevant Events

On September 14th, 2020 we announced that we entered into an agreement with Verizon Communications Inc. to sell our 100% interest in TracFone Wireless, Inc., the largest mobile virtual prepaid service operator in the United States, serving 21 million subscribers. The agreed purchase price payment at the closing is US$6,250 million, of which one-half will be in cash and the other in Verizon stock. In addi- tion, following the closing, Verizon shall pay to AMX: (i) up to US$500 million as an earn-out if Tracfone continues to achieve certain performance measures during the 24 months following the closing, calculated and paid in 4 consecutive 6-month periods, and (ii) US$150 million deferred commercial consideration payable within two years following the closing. AMX will continue to benefit from EBITDA generated by Tracfone during fiscal year 2020 and until the closing date of the transaction. 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 2021.

Agreement to sell Tracfone to Verizon

Ecuador

Peru

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

On September 3rd we terminated the agreement to purchase 99.3% of Telefónica Móviles El Salvador, S.A. de C.V. The decision comes after careful consideration by both parties of the conditions established by the Superintendencia de Compe- tencia for approval of the transaction.

On July 27th we informed that our Brazilian subsidiary, Claro S.A. ("Claro"), agreed to extend a binding offer submitted jointly with Telefónica Brasil S.A. and TIM S.A for the acquisition of the mobile business owned by Oi Group, in the amount of R$16,500 million. The offer was submitted by the parties, and is subject to certain conditions, including their right to make a higher bid than any other offer potentially presented by a third party ("right to top") in the competitive process of Oi Group's mobile business sale. Claro believes that the joint offer with TIM and Telefónica is the one that best serves the interests of current customers of Oi, as it provides long-term experience in the Brazilian market, investment capacity and technical innovation to the sector as a whole and it is in line with current regulation.

Resolution of the regulator in El Salvador

Binding offer for the acquisition of the mobile business owned by Oi

Appendix

Glossary

In August we established a Euro Commercial Paper Program in the amount of 2.0	Euro Commercial
billion euros under which we expect to issue regularly securities with maturities	Paper Program
of up to 360 days.

CONTENT

page 4

Highlights

Relevant events

Subscribers

América Móvil Consolidated

Mexico

Argentina

Access Lines

As confinement measures began to be lifted throughout our region of operations towards the end of the second quarter, an improving trend became apparent on commercial activity.

We ended September with 281 million wireless subscribers, after net additions of 3.2 million. This figure comprises 1.8 million postpaid net gains and 1.4 million prepaid net gains. Our postpaid base was up 5.7% organically. Brazil led the way in terms of postpaid growth after adding 1.8 million subscribers followed by Austria with 241 thousand and Colombia with 142 thousand. The prepaid base ended the quarter with 186 million subscribers, after adding 1.2 million in Mexico, approximately 300 thousand in each of Colombia and Ecuador, and 237 thousand in Peru.

Postpaid base up 5.7% YoY

Brazil

Colombia

Chile

Ecuador

Peru

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

On the fixed-line segment we gained 446 thousand new broadband clients with	446k new
every operation posting an increase in accesses, except for Austria and Croatia.	broadband
However, in the PayTV segment we registered disconnections of 243 thousand in	accesses
the quarter and in fixed-line voice the number of lines came down by 242 thou-
sand.
We ended September with a total of 362 million access lines, which includes 281	362M access lines
million wireless subscribers and 81 million fixed-line RGUs.
Wireless Subscribers as of September 2020
		Total(1)	(Thousands)
Country	Sep '20	Jun '20	Var.%	Sep '19	Var.%
Argentina, Paraguay and Uruguay	23,996	24,259	-1.1%	24,536	-2.2%
Austria & CEE	21,609	21,208	1.9%	21,520	0.4%
Brazil	60,005	58,520	2.5%	56,451	6.3%
Central America	14,533	14,541	-0.1%	15,290	-4.9%
Caribbean	6,237	6,087	2.5%	6,139	1.6%
Chile	6,505	6,793	-4.2%	6,779	-4.0%
Colombia	32,024	31,535	1.6%	30,577	4.7%
Ecuador	7,822	7,878	-0.7%	8,422	-7.1%
Mexico	76,563	75,378	1.6%	76,150	0.5%
Peru	10,552	10,387	1.6%	11,623	-9.2%
USA	20,876	20,918	-0.2%	21,229	-1.7%
Total Wireless Lines	280,722	277,503	1.2%	278,716	0.7%

1. Includes total subscribers of all companies in which América Móvil holds an economic interest; does not consider the date in which the companies started being consolidated.

CONTENT

Highlights

Relevant events

Subscribers

América Móvil Consolidated

Mexico

Argentina

Brazil

Colombia

Chile

Ecuador

Peru

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

page 5

Fixed-Line and Other Accesses (RGUs) as of September 2020

		Total(1)	(Thousands)
Country	Sep '20	Jun '20	Var.%	Sep '19	Var.%
Argentina, Paraguay and Uruguay	1,385	1,278	8.4%	1,023	35.3%
Austria & CEE	6,066	6,105	-0.6%	6,135	-1.1%
Brazil	32,952	33,260	-0.9%	34,448	-4.3%
Central America	4,227	4,379	-3.5%	4,385	-3.6%
Caribbean	2,532	2,509	0.9%	2,537	-0.2%
Chile	1,391	1,401	-0.7%	1,418	-1.9%
Colombia	8,155	7,938	2.7%	7,555	7.9%
Ecuador	446	454	-1.8%	431	3.5%
Mexico	22,011	21,961	0.2%	22,158	-0.7%
Peru	1,787	1,707	4.7%	1,578	13.3%
Total RGUs	80,953	80,993	0.0%	81,669	-0.9%

1. Fixed Line, Broadband and Television (Cable & DTH). Central America figures have been adjusted in accordance with the methodolgy used for all AMX operations.

Consolidated ARPU +5.0% YoY at constant Fx

Mobile and fixed service revenues expanded in Colombia

Fixed Bundles(1)

Fixed Voice

(1) Includes Fixed-Broadband, Pay-TVand Fixed Voice in double or triple play bundles.

Mobile Postpaid

Mobile Prepaid

3Q20 Service Revenues(1) Mobile service

30(%) 2+34revenues +3.5% YoY at constant Fx

Service revenues up 1.5% YoY at constant Fx

CONTENT

Highlights

Relevant events

Subscribers

América Móvil Consolidated

Mexico

Argentina

Brazil

Colombia

Chile

Ecuador

Peru

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

page 6

América Móvil Consolidated Results

Following the massive monetary and fiscal stimulus introduced throughout the world since the advent of the pandemic, the third quarter saw a rebound in economic activity in most countries in our region of operation and little of the volatility that was present in the prior two quarters. With the exception of the Brazilian real, which continued to deteriorate vs. the U.S. dollar, the main currencies in Latin America did not see much change over the period.

Our third quarter revenues rose 4.7% in Mexican peso terms from a year before to reach 260 billion pesos, as service revenues expanded 5.4%. At constant exchange rates service revenues were up 1.5%-roughly twice as fast as in the preceding quarter-on the back of continued strong performance of fixed-broadband revenues and the recovery of mobile prepaid revenues, those most affected in the prior quarter in the midst of the lockdown measures implemented throughout Latin America. The difference between the growth rate in peso terms and that at constant exchange rates has to do with the Mexican peso having depreciated against practically all other operating currencies except the Brazilian real and the Argentinean peso in the period: revenues in other currencies increased faster in peso terms.

Mobile service revenues accelerated to 3.5% from 2.3% in the second quarter buoyed by prepaid rev- enues-they rose to +2.5% from -2.0%-while fixed- line service revenues maintained a 1.4% pace of decline as the gains observed in fixed-broadbandrevenues-from a pace of +7.3% to one of +9.1%- were equaled by new revenue losses in fixed-line voice and PayTV revenues. The rhythm of decline of the latter, -9.2%, equaled the pace of growth of fixed-broadband revenues.

Colombia was the only country where service revenues expanded on both the mobile and the fixed-line platform in the third quarter-almost at the same pace in each one. The strongest growth on that platform was in those countries that have more

recently initiated their fixed-lineoperations-Peru,

Ecuador, Argentina, Costa Rica-while Dominicana, Brazil and Puerto Rico all had, together with Colombia, very strong showings on the mobile platform.

Across our operations, voice MOUs rose 11.7% while mobile data per user was up 41.2%, all of which resulted in a 5.0% increase in mobile ARPUs at constant exchange rates. Prepaid ARPUs shot up to an 8.0% year-on-year increase from 0% the preceding quarter while postpaid ARPUs decelerated sharply their rate of decline, from -6.4% in the second quarter to -1.4% in the third.

CONTENT

Highlights

Relevant events

Subscribers

América Móvil Consolidated

Mexico

Argentina

Brazil

Colombia

Chile

Ecuador

Peru

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

page 7

EBITDA was up 10.1% in the third quarter from the year-earlier quarter to 86.5 bil-	EBITDA +7.2% YoY
lion pesos as the EBITDA margin remained at 33.2%. At constant exchange rates	at constant Fx
EBITDA increased 7.2%, more than twice as fast as it had in the preceding quarter,
with Puerto Rico, Mexico and Dominicana posting important advances. Puerto
Rico's EBITDA growth went from 10% to 38%; Mexico's improved from -10.3% to
+1.3% whereas Dominicana's increased from -5.5% to +5.8%.
América Móvil's Income Statement Millions of Mexican pesos
	3Q20	3Q19	Var.%	Jan-Sep 20	Jan- Sep 19	Var.%
Service Revenues	216,113	205,038	5.4%	645,083	617,637	4.4%
Equipment Revenues	42,636	41,968	1.6%	112,814	122,003	-7.5%
Total Revenues*	260,172	248,475	4.7%	761,857	744,207	2.4%
Cost of Service	76,755	74,009	3.7%	229,528	223,091	2.9%
Cost of Equipment	43,779	42,451	3.1%	119,507	123,574	-3.3%
Selling, General & Administrative Expenses	52,088	52,166	-0.1%	162,796	161,648	0.7%
Others	1,091	1,341	-18.7%	3,289	3,939	-16.5%
Total Costs and Expenses	173,712	169,966	2.2%	515,120	512,252	0.6%
EBITDA	86,460	78,509	10.1%	246,737	231,955	6.4%
% of Total Revenues	33.2%	31.6%		32.4%	31.2%
Depreciation & Amortization	41,394	40,454	2.3%	121,811	121,409	0.3%
EBIT	45,066	38,055	18.4%	124,926	110,546	13.0%
% of Total Revenues	17.3%	15.3%		16.4%	14.9%
Net Interest Expense	8,298	8,406	-1.3%	26,650	26,330	1.2%
Other Financial Expenses	6,572	-2,951	322.7%	-15,181	2,547	n.m.
Foreign Exchange Loss	7,511	6,877	9.2%	101,610	-3,539	n.m.
Comprehensive Financing Cost (Income)	22,381	12,333	81.5%	113,079	25,338	346.3%
Income & Deferred Taxes	2,169	11,431	-81.0%	-1,696	35,716	-104.7%
Net Income before Minority
Interest and Equity Participation in Results	20,516	14,292	43.6%	13,542	49,491	-72.6%
of Affiliates
Equity Participation in Results of Affiliates	1	-7	107.5%	-283	7	n.m.
Minority Interest	-1,655	-1,242	-33.3%	-3,718	-2,541	-46.3%
Net Income	18,861	13,043	44.6%	9,540	46,957	-79.7%
*Total revenues include Other Revenues.
n.m. Not meaningful.

CONTENT

page 8

Highlights

Relevant events

Subscribers

América Móvil Consolidated

Mexico

Our operating profit shot up 18.4% to 45.1 billion pesos and was the driver of a 45% increase in our net income, which totaled 18.9 billion pesos.

In cash flow terms, our net debt came down by 47.0 billion pesos over the nine months to September. In addition, we devoted 15 billion pesos to cover our pension -related commitments. Notwithstanding the above, our net debt (after leases) ended September 48.8 billion pesos higher than in December, at 726 billion. The increase in the amount outstanding in peso terms is due solely to the impact of changes in foreign exchange rates on the non-peso debt, with the peso falling 12.4% vs. the U.S. dollar and 15.6% vs. the euro in relation to December 2019. At the end of the month our net debt to EBITDA ratio stood at 1.88 times under IAS17, slightly less than at the end of June.

Operating profit up 18% YoY

Net debt to EBITDA stood at 1.88x

Argentina

Brazil

Colombia

Chile

Ecuador

Peru

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

Our capital expenditures totaled 91.0 billion pesos in the period and were direct- CapEx of MxP 91Bn ed to securing adequate capacity in our networks and maintaining good quality

of service.

Balance Sheet - América Móvil Consolidated Millions of Mexican Pesos

	Sep '20	Dec '19	Var.%		Sep '20	Dec '19	Var.%
Current Assets				Current Liabilities
Cash, Marketable
Securities & Other Short	81,737	67,464	21.2%	Short Term Debt*	124,433	129,172	-3.7%
Term Ivestments
Accounts Receivable	232,187	211,532	9.8%	Lease-Related Debt	24,621	25,895	-4.9%
Other Current Assets	16,221	10,747	50.9%	Accounts Payable	247,853	268,484	-7.7%
Inventories	35,029	41,102	-14.8%	Other Current	100,315	101,849	-1.5%
Liabilities
	365,173	330,844	10.4%		497,221	525,400	-5.4%
Non Current Assets				Non Current Liabilities
Plant & Equipment,	1,366,504	1,319,588	3.6%	Long Term Debt	566,730	495,082	14.5%
gross
-Depreciation	724,277	680,244	6.5%	Lease-Related Debt	92,102	94,702	-2.7%
Plant & Equipment, net	642,227	639,343	0.5%	Other Liabilities	199,476	189,843	5.1%
Rights of Use	110,880	118,003	-6.0%		858,308	779,627	10.1%
Investments in Affiliates	1,838	2,474	-25.7%
Deferred Assets
Goodwill (Net)	150,366	152,900	-1.7%
Intangible Assets	136,311	125,169	8.9%	Shareholder's Equity	228,840	226,907	0.9%
Deferred Assets	177,573	163,199	8.8%
Total Assets	1,584,369	1,531,934	3.4%	Total Liabilities	1,584,369	1,531,934	3.4%
and Equity

Includes current portion of Long Term Debt.

CONTENT

Highlights

Relevant events

Subscribers

América Móvil Consolidated

Mexico

Argentina

Brazil

Colombia

Chile

Ecuador

Peru

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

page 9

Financial Debt of América Móvil* Millions

	Sep -20	Dec -19
Peso - denominated debt (MxP)	66,511	80,129
Bonds	51,241	58,129
Banks and others	15,270	22,000
U.S. Dollar - denominated debt (USD)	10,263	9,472
Bonds	9,351	8,975
Banks and others	912	497
Euro - denominated Debt (EUR)	9,700	11,165
Bonds	8,100	10,942
Commercial Paper	1,600	123
Banks and others	0	100
Sterling - denominated Debt (GBP)	2,200	2,750
Bonds	2,200	2,750
Reais - denominated Debt (BRL)	9,975	7,475
Bonds	9,975	7,475
Banks and others	0	0
Debt denominated in other currencies(1) (MxP)	35,299	26,045
Bonds	6,858	5,818
Banks and others	28,441	20,227
Total Debt (MxP)	691,162	624,254
Cash, Marketable Securities and Short Term Financial	81,737	67,464
Investments (MxP)
Net Debt (MxP)	609,425	556,790

*This table does not include the effect of forwards and derivatives used to hedge our foreign exchange exposure. It includes financial debt of Telekom Austria.

(1)Includes Peruvian soles and Chilean pesos.

CONTENT

Highlights

Relevant events

Subscribers

América Móvil Consolidated

page 10

Mexico

We added 1.2 million wireless subscribers in the second quarter-substantially	1.2M prepaid net
all of them prepaid clients- reverting most of the subscriber losses observed	adds
in the second quarter as confinement restrictions were relaxed and we resumed
more forcefully our commercial activity. Prepaid churn came down by nearly one
percentage point from the prior quarter. On the fixed-line platform we added 117
thousand broadband clients twice as many as in the second quarter, supported by
our alliances with OTT providers.

Mexico

Argentina

Brazil

Colombia

Our Mexican revenues totaled 73.2 billion pesos, up 0.4% from the year before, with service revenues declining slightly, -0.7%, an improvement on the -2.1% year- on-year reduction observed the prior quarter.

Mobile service revenues declined 0.6%, improving on their -2.5% pace of the second quarter. The recovery of Mexican mobile revenues was wholly driven by the bounce in prepaid revenues, which went from a -3.8% pace in the second quarter to +1.1% in the third.

Revenues of MxP 73Bn

Prepaid revenues up 1.1% YoY

Chile

Ecuador

Similarly, fixed-line service revenues came down 1.0% year-on-year in the third quarter, having fallen 1.4% the previous one. There were important advances both on fixed-broadbandservices-their expansion moved up from 1.8% in the second quarter to 6.0%-and in corporate networks, overcoming a 3.3% fall in the second quarter to a +2.2% increase in the third quarter. Losses in fixed-line voice revenues determined that revenues on that platform continued to decline.

Broadband revenues +6.0% YoY

Peru

Central America

EBITDA expanded 1.3% in the third quarter helped along by the improvement in revenues, recovering from a 10.3% year-on-year plunge in the second quarter. The EBITDA margin was slightly higher, 37.6%, on the relative normalization of commercial activities and associated expenses.

INCOME STATEMENT - Mexico Millions of MxP

EBITDA expanded 1.3% YoY

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

	3Q20	3Q19(1)	Var.%	Jan-Sep 20	Jan-Sep 19(1)	Var.%
Total Revenues*	73,187	72,926	0.4%	209,253	213,473	-2.0%
Total Service Revenues	52,992	53,377	-0.7%	159,511	157,553	1.2%
Wireless Revenues	54,031	52,699	2.5%	150,522	151,936	-0.9%
Service Revenues	34,378	34,569	-0.6%	102,787	100,462	2.3%
Equipment Revenues	19,653	18,130	8.4%	47,734	51,474	-7.3%
Fixed Line Revenues	18,705	19,539	-4.3%	57,173	59,608	-4.1%
EBITDA	27,525	27,178	1.3%	79,717	79,219	0.6%
% total revenues	37.6%	37.3%		38.1%	37.1%
EBIT	19,819	18,431	7.5%	56,511	53,008	6.6%
%	27.1%	25.3%		27.0%	24.8%

*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.

1. 2019 reflects reclassifications of "other revenues".

CONTENT		page 11
Highlights		Mexico Operating Data
			3Q20	3Q19	Var.%
Relevant events		Wireless Subscribers (thousands)	76,563	76,150	0.5%
	Postpaid	14,485	14,107	2.7%
		Prepaid	62,077	62,043	0.1%
Subscribers		MOU	561	530	5.7%
		ARPU (MxP)	152	152	-0.6%
América Móvil		Churn (%)	3.3%	4.2%	(0.8)
	Revenue Generating Units (RGUs) *	22,011	22,158	-0.7%
Consolidated
		Fixed Lines	12,032	12,448	-3.3%
Mexico		Broadband	9,978	9,710	2.8%
	* Fixed Line and Broadband.
Argentina
Brazil
Colombia
Chile
Ecuador
Peru
Central America
Caribbean
USA
Austria & CEE
Currency
Exchange Rates
Appendix
Glossary

CONTENT

page 12

Highlights

Relevant events

Subscribers

América Móvil Consolidated

Mexico

Argentina

Brazil

Colombia

Argentina

For comparison purposes all comments in this section related to annual variations of the presented period for Argentina refer to figures in constant peso terms, that is, adjusted for inflation in accordance to NIC 29. Information for Uruguay and Paraguay is not presented in the table.

Telecommunication services have been considered "essential services" by presidential decree beginning in August; as such, we have been forbidden to raise prices for our services for the remainder of 2020.

Third quarter revenues declined 9.6% in real terms (after inflation) from the year-earlier quarter with service revenues falling 9.4%. Mobile service revenues came down 12.0% as subscribers curtailed their usage or disconnected lines as disposable income contracted and unemployment rates increased on account of lockdown measures that were prolonged through September. The impact was more hardly felt on the postpaid segment where revenues declined 13.0%; prepaid revenues declined 7.7%. Fixed-line service revenues rose 13.9% from a small base driven by broadband revenue growth of 22.7% and PayTV revenues that increased 164.4%.

Forbidden to raise prices in 2020

Lockdown measures continued to affect revenues

Chile

Ecuador

Peru

Third quarter EBITDA was down 9.1% year-on-year and the EBITDA margin stayed roughly flat at 41.6%. Given the current conditions, we have made extraordinary efforts to contain costs and thrive in an inflationary environment. As a result of strict cost controls we were able to post a sequential increase in EBITDA of 8.6% in spite a 7.2% plunge in service revenues. The sequential increase in the EBITDA margin was 3.5 percentage points.

EBITDA down 9.1% YoY

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

INCOME STATEMENT - Argentina Millions of Constant ARS of September 2020

	3Q20	3Q19	Var.%	Jan-Sep 20	Jan-Sep 19	Var.%
Total Revenues*	27,630	30,578	-9.6%	84,192	92,778	-9.3%
Total Service Revenues	22,620	24,976	-9.4%	70,759	75,289	-6.0%
Wireless Revenues	24,664	28,091	-12.2%	75,648	85,448	-11.5%
Service Revenues	19,853	22,548	-12.0%	62,737	68,156	-8.0%
Equipment Revenues	4,810	5,542	-13.2%	12,912	17,293	-25.3%
Fixed Line Revenues	2,766	2,428	13.9%	8,022	7,134	12.5%
EBITDA	11,500	12,652	-9.1%	32,891	38,490	-14.5%
% total revenues	41.6%	41.4%		39.1%	41.5%
EBIT	8,803	9,886	-11.0%	25,370	31,080	-18.4%
%	31.9%	32.3%		30.1%	33.5%

*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.

CONTENT

Highlights

Relevant events

Subscribers

América Móvil Consolidated

Mexico

Argentina

Brazil

Colombia

Chile

Ecuador

Peru

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

page 13

Argentina Operating Data

	3Q20	3Q19	Var.%
Wireless Subscribers (thousands)(1)	21,295	21,885	-2.7%
Postpaid	8,394	8,418	-0.3%
Prepaid	12,901	13,467	-4.2%
MOU	94	77	21.0%
ARPU (ARP)	302	240	26.0%
Churn (%)	2.0%	1.8%	0.2
Revenue Generating Units (RGUs) *	1,067	695	53.6%

* Fixed Line, Broadband and Television.

(1)Hybrid subscribers are now included in our postpaid figures.

CONTENT

Highlights

Relevant events

Subscribers

page 14

Brazil

In the third quarter we added 1.8 million postpaid subscribers-one of our best	1.8M postpaid net
quarters in terms of net additions-and lost 321 thousand prepaid subscribers	adds
on the mobile platform. On the fixed-line one, we gained 62 thousand broad-
band accesses and lost 209 thousand PayTV clients and 162 thousand voice
lines.

América Móvil Consolidated

Mexico

Argentina

Brazil

Colombia

Chile

Ecuador

Third quarter revenues were up 1.1% from the year-earlier quarter to 9.8 billion reais, with service revenues roughly flat, 0.3%, as mobile service revenues rose 8.1% and fixed-line revenues came down 5.1%.

Mobile service revenues were buoyed by the strong recovery of prepaid reve- nues, from -1.0% in the second quarter to +5.1% in the third, and by continued strong performance of postpaid revenues, up 9.0% in the quarter.

Mobile ARPU rose 25.7% on the back of a 50% increase in consumption of data services per client and 19.8% in voice services (MOUs) which also increased sig- nificantly.

On the fixed-line platform broadband revenues continued growing along their trend line-at 9.9% they were expanding at the same pace as in the second quarter-but the down-trend on PayTV revenues accelerated to -13.6% from -11.7% the precedent quarter along with the reduction of PayTV accesses.

Mobile service revenues +8.1% YoY

Strong recovery of prepaid revenues

Mobile ARPU +26% YoY

Broadband revenues +10% YoY

Peru

Central America

EBITDA increased 6.1% year-on-year in the third quarter and nearly reached four billion reais, as the EBITDA margin topped 40% for the second consecutive quarter; it was up 1.9 percentage points higher than a year before.

INCOME STATEMENT - Brazil Proforma Millions of BrL

EBITDA margin at 40% of revenues

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

	3Q20	3Q19	Var.%	Jan-Sep 20	Jan-Sep 19	Var.%
Total Revenues*	9,790	9,681	1.1%	29,117	28,706	1.4%
Total Service Revenues	9,423	9,398	0.3%	28,277	27,852	1.5%
Wireless Revenues	4,467	4,062	10.0%	12,969	11,820	9.7%
Service Revenues	4,117	3,809	8.1%	12,168	11,021	10.4%
Equipment Revenues	350	253	38.4%	801	799	0.3%
Fixed Line Revenues	5,306	5,590	-5.1%	16,109	16,831	-4.3%
EBITDA	3,943	3,716	6.1%	11,469	10,614	8.1%
% total revenues	40.3%	38.4%		39.4%	37.0%
EBIT	1,554	1,496	3.9%	4,554	4,131	10.2%
%	15.9%	15.4%		15.6%	14.4%

*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.

CONTENT

Highlights

Relevant events

Subscribers

América Móvil Consolidated

Mexico

Argentina

Brazil

Colombia

Chile

Ecuador

Peru

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

page 15

Brazil Operating Data

	3Q20	3Q19	Var.%
Wireless Subscribers (thousands)	60,005	56,451	6.3%
Postpaid	33,658	26,243	28.3%
Prepaid	26,348	30,207	-12.8%
MOU(1)	190	159	19.8%
ARPU (BrL)	24	19	25.7%
Churn (%)	4.7%	4.2%	0.5
Revenue Generating Units (RGUs) *	32,952	34,448	-4.3%

• Fixed Line, Broadband and Television.

1. We modified the methodology for calculating MOUs. We no longer include M2M subscribers.

CONTENT

page 16

Highlights

Relevant events

Subscribers

Colombia

Our wireless subscriber base topped 32 million clients at the end of September after net additions of 489 thousand in the quarter, the highest in at least a year. Postpaid net additions totaled 142 thousand and prepaid gains 347 thousand subscribers.

347k prepaid net adds

América Móvil Consolidated

Mexico

Argentina

There was a sharp acceleration in fixed-broadband accesses with net gains of 122 thousand clients, more than three times as many as in the year-earlier quar- ter. PayTV accesses were also on the rise, reaching 41 thousand.

Revenues totaled 3.4 trillion Colombian pesos, 3.0% more than a year before, with service revenues rising 9.2%, in line with the pace recorded prior to the pandemic. It was our only operation that presented revenue growth in both the mobile and the fixed-line platforms.

122k new broadband clients

Service revenues +9.2% YoY

Brazil

Colombia

Chile

Mobile service revenues were up 8.3% showing a marked recovery from the sec-	Mobile service
ond quarter in both prepaid and postpaid-the former went from 7.5% to 12.1%	revenues up 8.3%
whereas the latter moved up from 3.5% to 6.3%-as the lockdown measures	YoY
eased and the economy resumed its course. ARPU was up 3.6% compared to the
same period of the prior year with data usage per client rising 36%.

Ecuador

Peru

Fixed-line service revenues increased 10.6% year-on-year on the back of broadband revenues that expanded 16.1%, as the increase in demand for such services brought about by the lockdown measures continued to come through in the third quarter. PayTV, which is typically bundled with broadband services, showed similar trends, rising 10.3% in the period. On corporate networks, we also observed solid revenue growth, 12.3%.

Fixed-line service revenues +11% YoY

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

As revenues recovered, EBITDA rose 3.4% relative to the prior year to 1.5 trillion	EBITDA +3.4% YoY
Colombian pesos, with the margin, at 43.4%, slightly higher in spite of the great-
er commercial activity.
INCOME STATEMENT - Colombia Billions of COP
	3Q20	3Q19	Var.%	Jan-Sep 20	Jan-Sep 19	Var.%
Total Revenues*	3,368	3,269	3.0%	9,729	9,302	4.6%
Total Service Revenues	2,687	2,462	9.2%	7,833	7,219	8.5%
Wireless Revenues	2,300	2,293	0.3%	6,654	6,452	3.1%
Service Revenues	1,654	1,528	8.3%	4,828	4,488	7.6%
Equipment Revenues	646	766	-15.6%	1,826	1,964	-7.1%
Fixed Line Revenues	1,036	962	7.7%	3,016	2,794	8.0%
EBITDA	1,461	1,413	3.4%	4,173	4,051	3.0%
%	43.4%	43.2%		42.9%	43.5%
EBIT	841	838	0.3%	2,383	2,334	2.1%
%	25.0%	25.6%		24.5%	25.1%

*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.

CONTENT

Highlights

Relevant events

Subscribers

América Móvil Consolidated

Mexico

Argentina

Brazil

Colombia

Chile

Ecuador

Peru

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

page 17

Colombia Operating Data

	3Q20	3Q19	Var.%
Wireless Subscribers* (thousands)	32,024	30,577	4.7%
Postpaid	7,564	7,249	4.3%
Prepaid	24,460	23,328	4.9%
MOU(1)	336	279	20.4%
ARPU (COP)	17,509	16,897	3.6%
Churn (%)	4.7%	4.6%	0.1
Revenue Generating Units (RGUs)**	8,155	7,555	7.9%

*Due to differences in the policy for accounting active subscribers, the figures in this report are different from those published by the Ministry of Communications of Colombia (MinTIC). **Fixed Line, Broadband and Television.

1. We modified the methodology for calculating MOUs. We no longer include M2M subscribers.

CONTENT

Highlights

page 18

Chile

Relevant events

Subscribers

América Móvil Consolidated

Mexico

Argentina

Third quarter revenues of 192.7 billion Chilean pesos were down 6.6% on an annual basis with service revenues declining 7.2%-compared to 7.0% in the prior quarter-and equipment revenues declining 4.4%.

Mobile service revenues declined 9.0% in the third quarter. In the prepaid segment revenues were down 14.7%, which marked a sequential improvement from the 31.8% decline observed the prior quarter. But in postpaid, revenues dropped 8.3% exacerbating the contraction that began in the second quarter mostly as a result of the pandemic, in particular due to the poor performance of SMEs that had to materially reduce or cancel the services altogether. In spite of the tough conditions generated by the sanitary crisis, we continued to observe aggressive promotional activity in Chile.

Revenues down 6.6% YoY

Mobile service revenues -9.0% YoY

Brazil

Colombia

Chile

Ecuador

Peru

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

Fixed-line service revenues were down 4.9%, an improvement over the 9.4% re-	Broadband
duction observed the prior quarter with fixed-broadband revenues increasing	revenues +10% YoY
10.2%, slightly faster than in the second quarter. Even as mandatory lockdown
has been relaxed for the vast majority of the population, students are still home-
schooling and companies still have an important proportion of employees work-
ing from home which has accelerated the demand for broadband services.
EBITDA declined 13.5% year-on-year to 40.5 billion pesos on account of the re-	EBITDA down 14%
YoY
duction in revenues.
INCOME STATEMENT - Chile Millions of ChPL
	3Q20	3Q19(1)	Var.%	Jan-Sep 20	Jan-Sep 19(1)	Var.%
Total Revenues*	192,679	206,234	-6.6%	574,382	623,953	-7.9%
Total Service Revenues	158,644	170,876	-7.2%	482,848	511,037	-5.5%
Wireless Revenues	119,422	129,460	-7.8%	357,133	393,118	-9.2%
Service Revenues	85,693	94,193	-9.0%	266,268	281,574	-5.4%
Equipment Revenues	33,729	35,268	-4.4%	90,865	111,544	-18.5%
Fixed Line Revenues	72,951	76,683	-4.9%	216,580	229,463	-5.6%
EBITDA	40,513	46,855	-13.5%	122,693	131,510	-6.7%
% total revenues	21.0%	22.7%		21.4%	21.1%
EBIT	-12,236	-37,415	67.3%	-38,739	-85,952	54.9%
%	-6.4%	-18.1%		-6.7%	-13.8%

*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.

(1)2019 reflects restatements of fixed and mobile revenues.

Chile Operating Data

	3Q20	3Q19	Var.%
Wireless Subscribers (thousands)	6,505	6,779	-4.0%
Postpaid	2,282	2,242	1.8%
Prepaid	4,223	4,537	-6.9%
MOU	190	168	13.4%
ARPU (ChP)	4,777	5,161	-7.5%
Churn (%)	7.5%	6.0%	1.5
Revenue Generating Units (RGUs) *	1,391	1,418	-1.9%

* Fixed Line, Broadband and Television.

CONTENT

Highlights

page 19

Ecuador

Relevant events

Subscribers

América Móvil Consolidated

Mexico

Argentina

Brazil

Colombia

Chile

In the third quarter we added 314 thousand prepaid subscribers but disconnected 370 thousand postpaid clients to finish September with 7.8 million wireless sub- scribers.

Our third quarter revenues were down 18.5% from the year-earlier quarter to 266 million dollars with service revenues declining 10.0% and equipment revenues plummeting 64.0% as commercial activity remained subdued. Service revenues on the mobile segment fell 12.1% compared to -18.9% in the second quarter as prepaid revenues recovered following the relaxation of lockdown measures: although still down 12.3% year-on-year, that was an improvement relative to the 27.5% observed in the second quarter. Postpaid revenues carried forward to the third quarter their 12% annual rate of decline.

Fixed-line service revenues, albeit at 10% still a small share of service revenues, were up 14.7% supported by broadband revenues that increased 23.3%.

We continued working on adjusting our cost structure and were able to lift our EBITDA margin by 6.2 percentage points relative to the year-earlier quarter to 49.8% of revenues. Nonetheless, at 133 million dollars our EBITDA was down 6.9%.

7.8M wireless subscribers

Prepaid revenues recovered following the relaxation of lockdown measures

EBITDA margin +6.2p.p. to 50% of revenues

Ecuador

Peru

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

INCOME STATEMENT - Ecuador Millions of Dollars

	3Q20	3Q19	Var.%	Jan-Sep 20	Jan-Sep 19	Var.%
Total Revenues*	266	327	-18.5%	815	987	-17.4%
Total Service Revenues	248	275	-10.0%	743	826	-10.0%
Wireless Revenues	239	304	-21.2%	736	917	-19.7%
Service Revenues	222	253	-12.1%	668	761	-12.2%
Equipment Revenues	17	51	-66.2%	68	156	-56.3%
Fixed Line Revenues	27	23	16.4%	79	69	15.5%
EBITDA	133	143	-6.9%	383	427	-10.2%
% total revenues	49.8%	43.6%		47.0%	43.2%
EBIT	78	86	-9.9%	217	256	-15.5%
%	29.2%	26.5%		26.6%	26.0%

*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.

Ecuador Operating Data

	3Q20	3Q19	Var.%
Wireless Subscribers (thousands)	7,822	8,422	-7.1%
Postpaid	2,179	2,672	-18.5%
Prepaid	5,643	5,750	-1.9%
MOU	436	447	-2.5%
ARPU (US$)	10	10	-5.6%
Churn (%)	4.4%	4.3%	0.1
Revenue Generating Units (RGUs) *	446	431	3.5%

* Fixed Line, Broadband and Television.

CONTENT

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Subscribers

page 20

Peru

We obtained net additions of 237 thousand prepaid subscribers and disconnected	237k prepaid net
72 thousand postpaid clients in the third quarter. Fixed-line RGUs increased by 81	adds
thousand new units including 70 thousand broadband connections. RGUs were up
13.3% annually to 1.8 million.

América Móvil Consolidated

Mexico

Argentina

Brazil

Revenues declined 3.6% in the third quarter, compared to -17.7% in the prior one. The improvement came from equipment revenues that went from minus 76.4% in the second quarter to -23.1% in the current period.

Mobile service revenues remained flat as compared to last year with a very different trend in the segments: In prepaid, service revenue growth accelerated to 9.7% as a result of subscriber growth and ARPU improvement, whereas in postpaid revenues continued to decelerate, declining -3.9% from +1.6% in the second quarter. The economic conditions have forced some clients to move to prepaid, including the smaller businesses.

Improvement in equipment revenues

Prepaid revenues +9.7% YoY

Colombia

Chile

Ecuador

Peru

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

Fixed-line service revenues increased 17.6%, up from 11.0% in the second quarter,	Fixed-line service
on the back of residential broadband services. We have seen broadband revenue	revenues +18% YoY
growth accelerate for six quarters in a row to 42.3% (32.9% growth in the prece-
dent quarter).
EBITDA was up 10.2% year-over-year to 435 million soles, with the EBITDA mar-	EBITDA up 10% YoY
gin, 34.5%, rising 4.3 percentage points from a year before. The improvement in
EBITDA is the result of cost control efforts, lower handset subsidies and fixed-line
service revenue growth.

INCOME STATEMENT - Peru Millions of Soles

	3Q20	3Q19	Var.%	Jan-Sep 20	Jan-Sep 19	Var.%
Total Revenues*	1,260	1,307	-3.6%	3,593	3,832	-6.2%
Total Service Revenues	976	940	3.8%	2,904	2,788	4.2%
Wireless Revenues	1,006	1,091	-7.7%	2,876	3,177	-9.5%
Service Revenues	729	730	-0.1%	2,201	2,161	1.8%
Equipment Revenues	277	361	-23.1%	676	1,016	-33.5%
Fixed Line Revenues	247	210	17.6%	704	627	12.2%
EBITDA	435	395	10.2%	1,226	1,101	11.4%
% total revenues	34.5%	30.2%		34.1%	28.7%
EBIT	167	129	29.6%	435	354	22.9%
%	13.2%	9.8%		12.1%	9.2%

*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.

CONTENT

Highlights

Relevant events

Subscribers

América Móvil Consolidated

Mexico

Argentina

Brazil

Colombia

Chile

Ecuador

Peru

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

page 21

Peru Operating Data

	3Q20	3Q19	Var.%
Wireless Subscribers (thousands)	10,552	11,623	-9.2%
Postpaid	3,992	4,090	-2.4%
Prepaid	6,560	7,533	-12.9%
MOU	433	270	60.1%
ARPU (Sol)	23	21	11.5%
Churn (%)	3.6%	5.2%	(1.6)
Revenue Generating Units (RGUs) *	1,787	1,578	13.3%

* Fixed Line, Broadband and Television.

CONTENT

Highlights

page 22

Central America

Relevant events

Subscribers

América Móvil Consolidated

Mexico

Argentina

Brazil

Colombia

In the third quarter we gained 89 thousand prepaid subscribers and disconnected 97 thousand postpaid subscribers. On the fixed-line segment we had disconnections of 152 thousand units in the quarter, most of them voice lines.

Disconnections of postpaid subscribers and fixed-line RGUs stemmed from the decision of subscribers to cancel their services after the measures imposed at the beginning of the sanitary crisis in most Central American markets that prohibited us to disconnect any line in absence of payment were lifted in the months of July and August. Subscribers were supposed to cover the balance due in installments.

This was reflected in total revenues that posted a 9.4% year-on-year decline, to 552 million dollars. Service revenues were down 5.4% and equipment revenues 36.4%. On the mobile platform service revenues declined 6.9% with postpaid revenues off 9.6% (from -3.8% the prior quarter) and prepaid revenues 4.4%. On the fixed-line segment service revenues were 2.6% lower than a year before with broadband being the only business line that saw revenue expansion, 5.8%, over the year.

97k prepaid disconnections

Service revenues down 5.4% YoY

Chile

Ecuador

Peru

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

EBITDA came in at 221 million dollars, 4.5% below that of the year-earlier quarter.	EBITDA margin
We managed to increase our EBITDA margin by 2.1 percentage points relative to	+2.1p.p. to 40% of
last year, to 40.1% of revenues, on the back of efficiency gains.	revenues

INCOME STATEMENT - Central America Proforma Millions of Dollars

	3Q20	3Q19(1)	Var.%	Jan-Sep 20	Jan-Sep 19(1)	Var.%
Total Revenues*	552	609	-9.4%	1,668	1,825	-8.6%
Total Service Revenues	498	526	-5.4%	1,500	1,573	-4.6%
Wireless Revenues	365	414	-11.9%	1,103	1,240	-11.0%
Service Revenues	320	343	-6.9%	963	1,023	-5.9%
Equipment Revenues	45	71	-36.2%	141	217	-35.0%
Fixed Line Revenues	183	190	-4.0%	554	571	-3.0%
EBITDA	221	232	-4.5%	651	684	-4.9%
% total revenues	40.1%	38.0%		39.0%	37.5%
EBIT	55	89	-38.8%	195	252	-22.8%
%	9.9%	14.7%		11.7%	13.8%

*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.

1. 2019 figures were restated for IFRS 16.

CONTENT

Highlights

Relevant events

Subscribers

América Móvil Consolidated

Mexico

Argentina

Brazil

Colombia

Chile

Ecuador

Peru

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

page 23

Central America Operating Data

	3Q20	3Q19	Var.%
Wireless Subscribers (thousands)	14,533	15,290	-4.9%
Postpaid	2,362	2,508	-5.8%
Prepaid	12,171	12,782	-4.8%
MOU(1)	194	166	17.1%
ARPU (US$)	8	8	-0.7%
Churn (%)	6.3%	6.8%	(0.5)
Revenue Generating Units (RGUs) *	4,227	4,385	-3.6%

• Fixed Line, Broadband and Television. Figures have been adjusted in accordance with the methodolgy used for all AMX operations.
  (1) We modified the methodology for calculating MOUs. We no longer include M2M subscribers.

CONTENT

Highlights

Relevant events

Subscribers

page 24

Caribbean

Net additions in Dominicana were concentrated in the prepaid segment and	126k new wireless
reached 126 thousand subs-nearly 76% more than a year before. In Puerto	subs in Dominicana
Rico we gained 24 thousand new subscribers, including 13 thousand postpaids.
On the fixed-line segment net additions were driven by broadband accesses: 14
thousand in Dominicana and 5 thousand in Puerto Rico.

América Móvil Consolidated

Mexico

Argentina

Total revenues in Dominicana were up 1.4% showing an important sequential improvement coming from minus 6.0% in 2Q20. Service revenues rose 3.7% an- nually. Mobile service revenues rose 7.6%, compared to minus 2.0% in the prior quarter. The rebound was noteworthy in the prepaid segment where revenues expanded 11.4% compared to a 3.5% reduction the prior quarter. In the postpaid segment revenues were 3.4% greater than a year before (compared to -0.4% in the second quarter).

Mobile service revenues +7.6% YoY in Dominicana

Brazil

Colombia

Chile

Ecuador

EBITDA was up 5.8% with the margin climbing two percentage points from the year-earlier quarter to 48.5% on the back of operational efficiencies and the recovery of the revenue base.

Puerto Rico's revenue grew 10.9% year-on-year with service revenues expanding 2.8%. Growth is partly linked to federal and local government aid to students that helped boost equipment sales and a greater demand for fixed broadband and mobile WiFi services. This is reflected in a 13.8% increase in mobile postpaid service revenues-from 2.7% the second quarter.

EBITDA +5.8% YoY in Dominicana

Service revenues +2.8% YoY in Puerto Rico

Peru

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

EBITDA for the quarter was up 38.3% following revenue improvements and	EBITDA +38% YoY
greater equipment profits along with overall cost containment efforts; the EBIT-	in Puerto Rico
DA margin stood at 19.5% of revenues, 3.9 percentage points higher than a year
before.

INCOME STATEMENT - Caribbean Millions of Dollars

	3Q20	3Q19(1)	Var.%	Jan-Sep 20	Jan-Sep 19(1)	Var.%
Total Revenues*	439	441	-0.6%	1,279	1,342	-4.7%
Total Service Revenues	377	391	-3.4%	1,127	1,192	-5.4%
Wireless Revenues	272	260	4.6%	777	790	-1.7%
Service Revenues	214	210	1.9%	631	640	-1.5%
Equipment Revenues	58	50	16.0%	146	150	-2.6%
Fixed Line Revenues	166	183	-9.1%	505	560	-9.9%
EBITDA	150	145	3.4%	423	440	-3.8%
% total revenues	34.1%	32.8%		33.1%	32.8%
EBIT	69	66	3.6%	178	198	-9.8%
%	15.6%	15.0%		13.9%	14.7%

*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions. Total revenues include other income.

1. 2019 reflects reclassifications of fixed and mobile service revenues.

CONTENT

Highlights

Relevant events

Subscribers

América Móvil Consolidated

Mexico

Argentina

Brazil

Colombia

Chile

Ecuador

Peru

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

page 25

Caribbean Operating Data

	3Q20	3Q19	Var.%
Wireless Subscribers (thousands)	6,237	6,139	1.6%
Postpaid	2,024	1,994	1.5%
Prepaid	4,213	4,145	1.6%
MOU(1)	237	227	4.4%
ARPU (US$)	12	12	1.0%
Churn (%)	3.3%	3.4%	-0.2
Revenue Generating Units (RGUs) *	2,532	2,537	-0.2%

* Fixed Line, Broadband and Television.

1. We modified the methodology for calculating MOUs. We no longer include M2M subscribers.

CONTENT

page 26

Highlights

Relevant events

Subscribers

América Móvil Consolidated

Mexico

United States

We ended September with 20.9 million subscribers after net disconnections of 42 thousand in the third quarter.

Our revenues topped two billion dollars in the third quarter, up 0.7% year-on-year. Service revenues increased 3.5%, up from 1.2% in the second quarter and 0.1% in the first, as the prepaid segment we serve has become, under current economic conditions, more appealing to clients that seek flexibility and better control over their expenditures. ARPU rose 5.5% from the year-earlier quarter to 28 dollars.

Service revenues +3.5% YoY

Argentina

Brazil

Colombia

Chile

Ecuador

Peru

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

EBITDA of 269 million dollars was 69.1% higher than a year before. This figure	EBITDA expanded
reflects certain reductions in the cost of airtime following negotiations reached	69% YoY on
with certain carriers in the second quarter, in absence of which EBITDA growth	account of certain
would have been 20.1% in the quarter. The EBITDA margin was equivalent to	agreements
13.2%, compared to 7.8% in 2019.

INCOME STATEMENT - United States Millions of Dollars

	3Q20	3Q19	Var.%	Jan-Sep 20	Jan-Sep 19	Var.%
Total Revenues	2,043	2,030	0.7%	6,116	6,020	1.6%
Service Revenues	1,764	1,704	3.5%	5,185	5,103	1.6%
Equipment Revenues	278	325	-14.4%	930	917	1.5%
EBITDA	269	159	69.1%	698	460	51.7%
% total revenues	13.2%	7.8%		11.4%	7.6%
EBIT	251	142	77.2%	643	405	58.9%
%	12.3%	7.0%		10.5%	6.7%

United States Operating Data

	3Q20	3Q19	Var.%
Wireless Subscribers (thousands)	20,876	21,229	-1.7%
Straight Talk	9,683	9,307	4.0%
SafeLink	2,017	2,448	-17.6%
Other Brands	9,176	9,474	-3.1%
MOU	657	591	11.1%
ARPU (US$)	28	27	5.5%
Churn (%)	3.5%	4.0%	(0.5)

CONTENT

Highlights

page 27

A1 Telekom Austria Group

Relevant events

Subscribers

América Móvil Consolidated

Mexico

We added 310 thousand postpaid wireless subscribers-241 thousand in Austria- and 91 thousand prepaids in the third quarter. On the fixed-line platform, the number of fixed broadband and PayTV accesses changed marginally.

On a consolidated basis, third quarter revenues decreased 0.9% to 1.1 billion eu- ros, with service revenues declining 2.1% due to roaming losses and negative foreign exchange effects arising form the devaluation of the Belarussian currency. At constant exchange rates service revenues increased 0.1%.

310k postpaid net adds

Service revenues remained stable

Argentina

Mobile service revenues declined 3.8% on a group level. In Austria, mobile service	Loss in roaming
revenues were down 0.5% and in our international operations they declined 6.5%.	revenues
The loss of roaming revenues was felt more strongly in Austria, Croatia and Slove-
nia whereas the currency effects were limited to Belarus.

Brazil

Colombia

Chile

Ecuador

Peru

On the fixed-line segment revenues were flat year-on-year with Austria falling 1.6% driven by lower interconnection revenues as international traffic volumes decreased sharply. Our international operations saw fixed-line service revenues rising 2.3%.

Adjusted EBITDA (before restructuring charges) increased 0.5% to 463 million eu- ros; after restructuring charges EBITDA was up 0.6%. In Austria EBITDA rose 4.7% before restructuring charges while in our international operations it was up 3.3% (adjusted by foreign exchange and one-offs) on the back of strong performances in Belarus, Bulgaria and Slovenia.

Fixed-line service revenues +2.3% YoY in international operations

EBITDA before restructuring charges +0.5% YoY

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

INCOME STATEMENT (In accordance with IFRS 16) - A1 Telekom Austria Group

Millions of Euros

	3Q20	3Q19	Var.%	Jan-Sep 20	Jan- Sep 19	Var.%
Total Revenues	1,142	1,153	-0.9%	3,364	3,365	0.0%
Total service revenues	954	975	-2.1%	2,843	2,843	0.0%
Wireless service revenues	524	545	-3.8%	1,554	1,555	0.0%
Fixed-line service revenues	430	430	0.0%	1,289	1,288	0.1%
Equipment revenues	169	158	7.2%	464	451	2.8%
Other operating income	19	20	-5.0%	57	71	-19.8%
EBITDA	442	439	0.6%	1,212	1,205	0.6%
% total revenues	38.7%	38.1%		36.0%	35.8%
Adjusted EBITDA(1)	463	460	0.5%	1,274	1,268	0.5%
% total revenues	40.5%	39.9%		37.9%	37.7%
EBIT	211	202	4.3%	510	497	2.6%
% total revenues	18.4%	17.5%		15.2%	14.8%

For further detail please visit www.a1.group/en/investor-relations

1. Does not include restructuring charges in Austria.

CONTENT

Highlights

Relevant events

Subscribers

América Móvil Consolidated

Mexico

Argentina

Brazil

Colombia

Chile

Ecuador

Peru

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

page 28

A1 Telekom Austria Group Operating Data

	3Q20	3Q19	Var.%
Wireless Subscribers (thousands)	21,609	21,512	0.5%
Postpaid	17,505	16,814	4.1%
Prepaid	4,104	4,698	-12.6%
MOU(1)	410	358	14.5%
ARPU (Euros)	8	8	-4.1%
Churn (%)	1.2%	1.6%	(0.4)
Revenue Generating Units (RGUs) *	6,066	6,139	-1.2%

*Fixed Line, Broadband and Television. (1) We modified the methodology for calculating MOUs. We no longer include M2M subscribers.

CONTENT

Highlights

Relevant events

Subscribers

América Móvil Consolidated

Mexico

Argentina

Brazil

Colombia

Chile

Ecuador

Peru

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

page 29

Exchange Rates Local Currency Units per MxP

	3Q20	3Q19	Var.%	Jan-Sep 20	Jan-Sep 19	Var.%
Euro
End of Period	0.0380	0.0467	-18.7%	0.0380	0.0467	-18.7%
Average	0.0387	0.0463	-16.5%	0.0409	0.0462	-11.6%
U.S.
End of Period	0.0445	0.0509	-12.6%	0.0445	0.0509	-12.6%
Average	0.0452	0.0515	-12.2%	0.0459	0.0519	-11.5%
Brazilean Real
End of Period	0.2512	0.2121	18.4%	0.2512	0.2121	18.4%
Average	0.2430	0.2044	18.9%	0.2328	0.2019	15.3%
Argentinean Peso
End of Period	3.3922	2.9328	15.7%	3.3922	2.9328	15.7%
Average	3.3139	2.5976	27.6%	3.1002	2.3091	34.3%
Chilean Peso
End of Period	35.0955	37.0849	-5.4%	35.0955	37.0849	-5.4%
Average	35.2908	36.3210	-2.8%	36.8441	35.5985	3.5%
Colombian Peso
End of Period	172.7251	176.3066	-2.0%	172.7251	176.3066	-2.0%
Average	168.6392	171.8567	-1.9%	170.1113	168.2032	1.1%
Guatemalan Quetzal
End of Period	0.3467	0.3939	-12.0%	0.3467	0.3939	-12.0%
Average	0.3491	0.3956	-11.8%	0.3537	0.3995	-11.5%
Peruvian Sol
End of Period	0.1603	0.1724	-7.0%	0.1603	0.1724	-7.0%
Average	0.1604	0.1722	-6.8%	0.1590	0.1729	-8.1%
Dominican Republic Peso
End of Period	2.6049	2.6894	-3.1%	2.6049	2.6894	-3.1%
Average	2.6463	2.6775	-1.2%	2.6000	2.6543	-2.0%

CONTENT

Highlights

Relevant events

Subscribers

América Móvil Consolidated

Mexico

Argentina

Brazil

Colombia

Chile

Ecuador

Peru

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

page 30

Exchange Rates Local Currency Units per USD

	3Q20	3Q19	Var.%	Jan-Sep 20	Jan-Sep 19	Var.%
Euro
End of Period	0.8532	0.9175	-7.0%	0.8532	0.9175	-7.0%
Average	0.8554	0.8998	-4.9%	0.8895	0.8901	-0.1%
Mexican Peso
End of Period	22.4573	19.6363	14.4%	22.4573	19.6363	14.4%
Average	22.1111	19.4227	13.8%	21.7673	19.2546	13.0%
Brazilean Real
End of Period	5.6407	4.1644	35.5%	5.6407	4.1644	35.5%
Average	5.3732	3.9694	35.4%	5.0667	3.8868	30.4%
Argentinean Peso
End of Period	76.1800	57.5900	32.3%	76.1800	57.5900	32.3%
Average	73.2740	50.4516	45.2%	67.4826	44.4612	51.8%
Chilean Peso
End of Period	788.1500	728.2100	8.2%	788.1500	728.2100	8.2%
Average	780.3197	705.4527	10.6%	801.9951	685.4349	17.0%
Colombian Peso
End of Period	3,878.9400	3,462.0100	12.0%	3,878.9400	3,462.0100	12.0%
Average	3,728.8049	3,337.9230	11.7%	3,702.8610	3,238.6848	14.3%
Guatemalan Quetzal
End of Period	7.7860	7.7355	0.7%	7.7860	7.7355	0.7%
Average	7.7195	7.6842	0.5%	7.6992	7.6919	0.1%
Peruvian Sol
End of Period	3.5990	3.3850	6.3%	3.5990	3.3850	6.3%
Average	3.5469	3.3439	6.1%	3.4606	3.3300	3.9%
Dominican Republic Peso
End of Period	58.5000	52.8100	10.8%	58.5000	52.8100	10.8%
Average	58.5137	52.0039	12.5%	56.5950	51.1082	10.7%

CONTENT

Highlights

Relevant events

Subscribers

América Móvil Consolidated

Mexico

Argentina

Brazil

Colombia

Chile

Ecuador

Peru

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

page 31

Glossary of Terms

ARPU	Average Revenue per User. The ratio of service revenues in a given period to
	the average number of wireless subscribers in the same period. It is present-
	ed on a monthly basis.
ARPM	Average Revenue per Minute. The ratio of service revenues to airtime traffic.
Capex	Capital Expenditure. Accrued capital expenditures related to the expansion
	of the telecommunications infrastructure.
Churn	Disconnection Rate. The ratio of wireless subscribers disconnected during a
	given period to the number of wireless subscribers at the beginning of that
	period.
EBIT	Earnings Before Interest and Taxes, also known as Operating Profit.
EBIT
margin	The ratio of EBIT to total operating revenue.
EBITDA	Earnings Before Interest, Taxes, Depreciation, and Amortization.
EBITDA
margin	The ratio of EBITDA to total operating revenue.
EPS
(Mexican
pesos)	Earnings per share. Total earnings in Mexican pesos divided by total shares.
Earnings
per ADR
(US$)	Total earnings in U.S. dollars divided by total ADRs equivalent.
Gross
additions	Total number of subscribers acquired during the period.
Licensed
pops	Licensed population. Population covered by the licenses that each of the
	companies manage.
LTE	Long-term evolution is a 4th generation standard for wireless communica-
	tion of high-speed data for mobile phones and data terminals.
Market
share	A company's subscriber base divided by the total number of subscribers in
	that country.
MBOU	Megabytes of Use per subscriber. The ratio of wireless data in a given period
	to the average number of wireless subscribers in that same period. It is pre-
	sented on a monthly basis.
MOU	Minutes of Use per subscriber. The ratio of wireless traffic in a given period
	to the average number of wireless subscribers in that same period. It is pre-
	sented on a monthly basis.
Net
subscriber
additions	The difference in the subscriber base from one period to another. It is the
	different between gross additions and disconnections.

CONTENT

Highlights

Relevant events

Subscribers

América Móvil Consolidated

Mexico

Argentina

Brazil

Colombia

Chile

Ecuador

Peru

Central America

Caribbean

USA

Austria & CEE

Currency Exchange Rates

Appendix

Glossary

page 32

Net debt Total short and long term debt minus cash and marketable securities.

Net debt

• EBITDA The ratio of total short and long term debt minus cash and securities to trail- ing 12-month income before interest, taxes, depreciation and amortization.

Prepaid Subscriber that may purchase airtime to recharge a cellular phone. The client does not hold a contract with the company for voice and data services.

Postpaid Subscriber that has a contract for the use of airtime. The client has no need of activating airtime, it is done so immediately.

SMS	Short Message Service.

SAC Subscriber Acquisition Cost. The sum of handset subsidies, marketing expenses and commissions to distributors for handset activation. Handset subsidy is calculated as the difference between equipment cost and equipment revenues.

Wireless

penetration The ratio of total wireless subscribers in any given country divided by the total population in that country.

For further information please visit our website at: www.americamovil.com

América Móvil, S.A.B. de C.V. (the "Company") quarterly reports and all other written materials may from time to time contain forward-looking statements that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. Forward looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance, or achievements, and may contain words like "believe", "anticipate", "expect", "envisages", "will likely result", or any other words or phrases of similar meaning. 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 report. In no event, neither the Company nor any of its subsidiaries, affiliates, directors, officers, agents or employees shall be liable before any third party (including investors) for any investment or business decision made or action taken in reliance on the information and statements contained in this document or for any consequential, special or similar damages.