AMERICA MOVIL ADQUIERE PARTICIPACION DE MINORITARIOS EN ECUADOR

 

 

 

AMERICA MOVIL ACQUIRES MINORITY INTERESTS IN CONECEL

MEXICO CITY (MEXICO), July 29th, 2003. America Movil, S.A. de C.V. (America Movil) [BMV: AMX] [NYSE: AMX] [NASDAQ: AMOV] [LATIBEX: XAMXL], announced today that it has acquired from the minority shareholders an indirect interest of approximately 20% in Ecuadorian wireless company Consorcio Ecuatoriano de Telecomunicaciones, S.A. CONECEL. As a result of this transaction, America Movil's interest in Conecel has risen to 100%.

 

About America Movil

America Movil is the leading provider of wireless services in Latin America. It has more than 36 million wireless subscribers across the continent.

 

 

 

 

 

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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.