SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549
__________________

FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934

For the month of October, 2004

Commission file number for securities registered
pursuant to Section 12(b) of the Act: 0-32245

Commission file number for securities registered
pursuant to Section 12(g) of the Act: 1-16269
__________________

AMÉRICA MÓVIL, S.A. DE C.V.
(Exact name of registrant as specified in its charter)

America Mobile
(Translation of Registrant's name into English)

Lago Alberto 366, Colonia Anáhuac, 11320 México, D.F., México
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20- F      X             Form 40-F         __  

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes ________          No         X       

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7)

Yes ________          No         X       

Indicate by check mark whether the registrant by furnishing the information contained in this
Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b)
under the Securities Exchange Act of 1934.

Yes ________          No         X       

This current report on Form 6-K is hereby incorporated by reference into Amendment No. 1 to the Registration Statement on Form F-4 (File No. 333-117673) of América Móvil, S.A. de C.V., filed on September 23, 2004; Amendment No. 1 to the Registration Statement on Form F-4 (File No. 333-117673-01) of Radiomóvil Dipsa, S.A. de C.V., filed on September 23, 2004; Amendment No. 1 to the Registration Statement on Form F-4 (File No. 333-117845) of América Móvil, S.A. de C.V., filed on September 23, 2004; and Amendment No. 1 to the Registration Statement on Form F-4 (File No. 333-117845-01) of Radiomóvil Dipsa, S.A. de C.V., filed on September 23, 2004.

---

Recent Developments

América Móvil's Consolidated Results for the Third Quarter of 2004

     The unaudited condensed consolidated financial information presented in this document is stated in constant pesos with purchasing power as of September 30, 2004. As a result of Mexican inflation during the first nine months of 2004, the purchasing power of one peso as of December 31, 2003 is equivalent to the purchasing power of 1.0333 pesos as of September 30, 2004. Accordingly, the unaudited condensed consolidated financial information presented in this document is not directly comparable to the audited consolidated financial statements included in our annual report on Form 20-F for the fiscal year ended December 31, 2003 (the "2003 20-F"), because they are stated in constant pesos as of different dates. The audited consolidated financial information presented in the 2003 20-F is presented in constant pesos as of December 31, 2003.

     On October 25, 2004, we announced our results of operations for the nine-month period ended September 30, 2004. The following table sets forth summary condensed consolidated financial data of América Móvil for the nine-month periods ended September 30, 2004 and 2003.

		For nine months ended September 30,
		2003		2004
		(unaudited)
		(millions of constant pesosas of
		September 30, 2004)
Operating revenues		Ps. 61,518		Ps. 93,265
Operating costs and expenses(1)		48,224		75,183
Depreciation and amortization		10,239		13,299
Operating income		13,294		18,082
Comprehensive financing income		(909)		(657)
Net income		10,032		14,613
(1) Includes depreciation and amortization expenses.

     We recorded operating revenues of Ps. 93,265 million for the first nine months of 2004, a 51.6% increase from the same period in 2003. This increase in revenues reflects principally subscriber growth, as well as acquisitions. We had approximately 54.1 million wireless subscribers as of September 30, 2004, as compared to 50.3 million as of June 30, 2004. As of September 30, 2004, we had approximately 26.8 million wireless subscribers in Mexico and 12.0 million wireless subscribers in Brazil, as compared to 25.6 million and 11.1 million as of June 30, 2004, respectively. In relative terms, Argentina has accounted for the highest rate of growth in subscribers in our markets during the first nine months of 2004, with an increase of approximately 86% to 2.6 million since December 31, 2003. Our operations in Brazil, Colombia, Ecuador and the United States have experienced subscriber growth rates ranging from 26% to 30%. Although Mexico has been the largest contributor to subscriber growth in absolute terms during the first nine months of 2004, Mexico has been our slowest growing market in relative terms, with 14.4% growth from December 31, 2003 to September 30, 2004. We also had 1.9 million fixed lines in Central America at September 30, 2004.

---

     For the first nine months of 2004, our operating income totaled Ps. 18,082 million, a 36.0% increase compared to the same period in 2003. As a percentage of our operating revenues, operating income during the first nine months of 2004 decreased to 19.4% as compared to 21.6% during the first nine months of 2003. The decrease in operating margin was due principally to increased subscriber acquisition costs in Argentina, Colombia and particularly Brazil, and larger than anticipated costs in connection with the start-up of operations in the regions of Bahia-Sergipe and Paraná-Santa Catarina in Brazil. During the first nine months of 2004, we reported positive operating income in all of our geographic markets, other than Brazil and Argentina. Our depreciation and amortization expenses in Brazil and Argentina have increased significantly as a result of the rollout of new GSM networks in these markets.

     For the first nine months of 2004, we had net income of Ps. 14,613 million, a 45.7% increase compared to the Ps. 10,032 million reported during the first nine months of 2003. The increase in net income principally was attributable to the higher operating income discussed above. Basic net income per share was Ps. 1.18 during the nine-month period ended September 30, 2004.

     At September 30, 2004, we had indebtedness of Ps. 53,969 million, of which Ps.6,793 million (or 12.6%) was classified as short-term. At September 30, 2004, cash and cash equivalents amounted to Ps. 12,063 million. During the first nine months of 2004, we used approximately Ps. 10.5 billion to pay dividends and repurchase our shares, of which Ps. 3.1 billion was used for these purposes during the third quarter of 2004. We have accrued approximately Ps. 14.9 billion in capital expenditures during the first nine months of 2004, of which a portion has already been paid and a portion was included as accounts payable at September 30, 2004. Our accounts payable at September 30, 2004 amounted to Ps. 28,045 million. At September 30, 2004, we had total assets of Ps. 175,655 million, total liabilities of Ps. 96,185 million and total stockholders' equity of Ps. 79,470 million.

---

     The tables below summarize our consolidated results as of and for the periods set forth below:

America Movil's Income Statement (in accordance with Mexican GAAP)
Millions of constant pesos as of September 30, 2004.

		For the three months ended,						For the nine months ended,
		September 30,		September 30,				September 30,		September 30,
		2004		2003		% Change		2004		2003		% Change
Service Revenues		Ps. 28,223		Ps. 19,325		46.0%		Ps. 78,382		Ps. 53,942		45.3%
Equipment Revenues		5,564		3,062		81.7		14,883		7,576		96.5%
Total Revenues		33,788		22,387		50.9%		93,265		61,518		51.6%
Cost of Service		6,624		4,775		38.7%		18,814		13,552		38.8%
Cost of Equipment		9,095		4,753		91.4%		24,500		12,792		91.5%
Selling, General & Administrative
Expenses		7,123		4,253		67.5%		18,570		11,641		59.5%
Depreciation & Amortization		4,424		3,628		21.9%		13,299		10,239		29.9%
Operating Costs and Expenses		27,266		17,408		56.6%		75,183		48,224		55.9%
Operating Income		6,521		4,979		31.0%		18,082		13,294		36.0%
Comprehensive Financing
(Income) Costs:
Net Interest Expense		560		476		17.6%		1,461		1,013		44.2%
Other Financial Expenses		(18)		183		(109.9)%		394		715		(44.8)%
Foreign Exchange (Gains) Loss		(1,513)		393		n.m.*		(361)		(1,074)		66.4%
Monetary (Gains)		(773)		(403)		(92.0)%		(2,151)		(1,562)		(37.7)%
		(1,744)		649		(368.8)%		(657)		(909)		27.7%
Other (Income) Loss, net		(286)		178		(260.7)%		(125)		235		(153.0)%
Income & Deferred Taxes		1,323		1,968		(32.8)%		3,887		3,567		9.0%
Net Income before Minority
Interest and Equity in Net Results
of Affiliates		7,229		2,183		231.1%		14,977		10,401		44.0%
Equity in Net Results of Affiliates		30		26		13.2%		66		116		(43.2)%
Minority Interest		(21)		113		(118.2)%		298		253		17.9%
Net Income		Ps. 7,220		Ps. 2,044		253.1%		Ps. 14,613		Ps. 10,032		45.7%
*n.m. = not meaningful

---

America Movil's Balance Sheet (in accordancewith Mexican GAAP)
Millions of constant pesos as of September30, 2004.
		September 30, 2004		December31, 2003				% Change		September 30, 2003		% Change
Current Assets
Cash & Cash Equivalents		Ps. 12,063		Ps.		9,596		25.7%		Ps. 18,904		(36.2)%
Marketable Securities		2,900				821		253.2%		481		502.9%
Accounts Receivable		15,399				11,795		30.6%		7,913		94.6%
Other Current Assets		3,345				2,922		14.5%		2,480		34.9%
Inventories		8,789				5,403		62.7%		3,787		132.1%
		42,497				30,537		39.2%		33,566		26.6%
Long-Term Assets
Plant, Property & Equipment		84,233				73,530		14.6%		67,420		24.9%
Investments in Affiliates		730				2,633		(72.3)%		3,285		(77.8)%
Deferred Assets
Goodwill, net		9,507				8,296		14.6%		5,817		63.4%
Trademarks & Licenses, net		34,074				34,814		(2.1)%		29,566		15.2%
Deferred Assets		4,613				5,160		(10.6)%		3,704		24.5%
Total Assets		Ps. 175,655		Ps.154,970				13.3%		Ps. 143,359		22.5%
		September 30, 2004		December 31, 2003				% Change		September 30, 2003		% Change
Current Liabilities
Short Term Debt*		Ps. 6,793		Ps.12,511				(45.7)%		Ps. 9,302		(27.0)%
Accounts Payable		28,045				20,608		36.1%		16,930		65.6%
Other Current Liabilities		10,250				7,988		28.3%		5,295		93.6%
		45,088				41,108		9.7%		31,527		43.0%
Long-Term Liabilities
Long Term Debt		47,176				38,443		22.7%		41,116		14.7%
Other Long-Term Liabilities		3,921				3,904		0.4%		3,282		19.4%
		51,097				42,347		20.7%		44,398		15.1%
Stockholder's Equity		79,470				71,515		11.1%		67,433		17.9%
Total Liabilities and Stockholder's
Equity		Ps. 175,655		Ps.154,970				13.3%%		Ps. 143,359		22.5%

 

*	Includes current portion of Long Term Debt

---

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has du1y caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date:  October 29, 2004

AMÉRICA MÓVIL, S.A. DE C.V. By:  /s/ Carlos José García Moreno Elizondo        Carlos José García Moreno Elizondo        Chief Financial Officer