Categories: Carriers, Finance, Global

Press Release: América Móvil announces resolution issued by the Comisión Federal de Competencia imposing fine

America Movil | April 15, 2011 | Press Release

Mexico City, Mexico, April 15, 2011 — América Móvil, S.A.B. de C.V. (“AMX”) (BMV: AMX; NYSE: AMX; Nasdaq: AMOV; LATIBEX: XAMXL), announced today that its subsidiary Radiomóvil Dipsa, S.A. de C.V.  (“Telcel”), was notified of a resolution issued by the Mexican Federal Antitrust  Commission  (Comisión Federal de Competencia), imposing a fine of $11,989 million Mexican Pesos  for alleged monopolistic practices in the mobile termination market in connection with an investigation initiated in November 2006.  AMX and Telcel are currently analyzing the scope and legal grounds of said resolution in order to exercise any and all applicable legal remedies.

About AMX

AMX is the leading provider of wireless services in Latin America. As of December 31, 2010, it had 225 million wireless subscribers and 51.5 million fixed revenue generating units in the Americas.

Press Release via America Movil

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