AMERICA MOVIL ACQUIRES BSE

MEXICO CITY (MEXICO), May 08, 2003. America Movil, S.A. de C.V. (America Movil) [BMV: AMX] [NYSE: AMX] [NASDAQ: AMOV] [LATIBEX: XAMXL] announced today that it has consummated, through its subsidiary Telecom Americas, the acquisition of BellSouth Corporation's and Verbier's controlling interest in Brazilian wireless company BSE, S.A.

About America Movil

America Movil is the leading provider of wireless services in Latin America. It has over 33 million cellular subscribers across the continent.

 

 

 

 

 

 

 

 

 

 

Legal Disclaimer

This press release may 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 press release or for any consequential, special or similar damages.