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América Móvil and the China Development Bank to subscribe a loan agreement
MEXICO CITY, MEXICO, April 28, 2009. AMÉRICA MÓVIL, S.A.B. DE C.V. (AMX) (BMV: AMX; NYSE: AMX; Nasdaq: AMOV; LATIBEX: XAMXL) and the China Development Bank (CDB) agreed to subscribe today a loan agreement in the amount of U.S. $1 billion. The loan, which has a 10-year tenor, is the first one the CDB has granted to a Mexican corporate.
The financing will be utilized to cover the acquisition of network equipment for the modernization and enlargement of América Móvils infrastructure in various Latin American countries.
About AMX
AMX is the leading provider of wireless services in Latin America. As of March 31, 2009, it had 186.6 million wireless subscribers and 3.8 million landlines in the Americas.
Legal Disclaimer
This press release contains certain 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. 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. América Móvil 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.
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By: | /S/
Carlos García Moreno
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Name: Title: |
Carlos García Moreno
Chief Financial Officer
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