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“América Móvil informs to the market”
Mexico City, September 6, 2017. América Móvil, S.A.B. de C.V. ("AMX" or “América Móvil”) [BMV: AMX] [NYSE: AMX | AMOV], informs that today it has reached an agreement to sell its 30% shareholding in Promotora del Club Pachuca, S.A. de C.V., Fuerza Deportiva del Club León, S.A. de C.V. and Centro Universitario del Futbol y Ciencias del Deporte, S.C., all of which are part of Grupo Pachuca, to the current controlling shareholders of such companies.
As part of this transaction, América Movil will hold certain broadcasting rights over the national soccer clubs Pachuca, León and Mineros de Zacatecas, which will allow AMX to continue developing sports contents in its different platforms.
Likewise, Grupo Pachuca and AMX have entered into a strategic commercial relationship.
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.
AMÉRICA MÓVIL, S.A.B. DE C.V. | ||
By: |
/S/ Alejandro Cantú Jiménez
| |
Name: Title: |
Alejandro Cantú Jiménez
Attorney-in-fact |