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AMÉRICA MÓVIL’S FIRST QUARTER OF 2009
FINANCIAL AND OPERATING REPORT

Mexico City, April 28, 2009 - América Móvil, S.A.B. de C.V. (“América Móvil”) [BMV: AMX] [NYSE: AMX] [NASDAQ: AMOV] [LATIBEX: XAMXL], announced today its financial and operating results for the first quarter of 2009.

• In the first quarter of 2009 América Móvil added 3.9 million subscribers bringing to 186.6 million our wireless subscriber base. Our Mexican operations gained 1.2 million subscribers in the quarter, followed by Brazil, with 855 thousand, Tracfone in the US with 567 thousand and Argentina with 436 thousand.
  
  
• Together with 3.8 million landlines in Central America and the Caribbean we had a total of 190.4 million lines in the Americas.
  
  
• First quarter revenues totaled 93.8 billion pesos, up 15.4% year-on-year, with service revenues rising 18.5% supported by data revenues and continued inroads in the postpaid market. Data has increased its share of service revenues since the introduction of 3G services.
  
  
• At 38.3 billion pesos, EBITDA was 12.9% higher year-on-year. The EBITDA margin, at 40.8%, was just slightly lower than in the same period of 2008. Operating profits reached 26.9 billion pesos. They were up 13.2% over the previous year, as depreciation and amortization charges fell relative to revenues.
  
  
• Our comprehensive financing costs came down by 6.1% on lower rates and net debt. Together with the increase in our operating profits, this reduction helped bring about an 18.7% increase in our net income to 16.4 billion pesos. That was equivalent to 49 peso cents per share and 70 dollar cents per ADR.
  
  
• Our net debt came down by 8.9 billion pesos in the quarter to 112 billion pesos in March. Our capital expenditures came in at 10.6 billion pesos and our share buybacks at 6.0 billion pesos—similar to the amount realized a year before—for an aggregate amount of 16.6 billion pesos.

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América Móvil Fundamentals

Mexican Pesos
		1Q09		1Q08		Var. %
EPS (Mex$)*		0.49		0.40		24.8%
Earning per ADR (US$)**		0.70		0.74		-4.9%
Net Income (millions of Mex$ )		16,350		13,776		18.7%
EBITDA (millions of Mex$)		38,322		33,943		12.9%
EBIT (millions of Mex$)		26,899		23,766		13.2%
Shares Outstanding (billion)		33.09		34.79		-4.9%
ADRs Outstanding (millions)		620		729		-15.1%
* Net Income / Total Shares outstanding           ** 20 shares per ADR

Relevant Events

In March, we officially launched operations in Panama under the brand Claro. We are now offering GSM/UMTS services nationwide in that country.

In April, we issued a bond in the Chilean market for UF 4,000,000 (USD 145 million equivalent) with a yield of 3.31% and a maturity of 5 years. América Móvil is the first foreign issuer to place a bond in the local Chilean market.

We have agreed with the China Development Bank (CDB) to subscribe today a loan agreement in the amount of one billion dollars. The facility has a 10-year tenor and will be utilized to finance the acquisition of network equipment. This is the largest transaction to date between a Chinese bank and a Mexican entity.

América Móvil's Subsidiaries & Affiliates as of March 2009
Country		Company		Business		Equity  Participation		Consolidation Method
Subsidiaries
- Mexico		Telcel		wireless		100.0%		Global Consolidation Method
- Argentina		Claro		wireless		100.0%		Global Consolidation Method
- Brazil		Claro		wireless		100.0%		Global Consolidation Method
- Chile		Claro		wireless		100.0%		Global Consolidation Method
- Colombia		Comcel		wireless		99.4%		Global Consolidation Method
- Dominicana		Claro		wireless, wireline		100.0%		Global Consolidation Method
- Ecuador		Conecel		wireless		100.0%		Global Consolidation Method
- El Salvador		Claro		wireless, wireline		95.8%		Global Consolidation Method
- Guatemala		Claro		wireless, wireline		99.2%		Global Consolidation Method
- Honduras		Claro		wireless, wireline		100.0%		Global Consolidation Method
- Jamaica		Claro		wireless		100.0%		Global Consolidation Method
- Nicaragua		Claro		wireless, wireline		99.3%		Global Consolidation Method
- Panama		Claro		wireless		100.0%		Global Consolidation Method
- Paraguay		Claro		wireless		100.0%		Global Consolidation Method
- Peru		Claro		wireless		100.0%		Global Consolidation Method
- Puerto Rico		Claro		wireless, wireline		100.0%		Global Consolidation Method
- Uruguay		Claro		wireless		100.0%		Global Consolidation Method
- USA		Tracfone		wireless		98.2%		Global Consolidation Method
Affiliate
- Mexico		Televista		other		45.0%		Equity Method

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Subscribers

América Móvil added 3.9 million subscribers in the first quarter of 2009 to finish the period with 186.6 million clients, 17.2% more than a year before. Tracfone, in the U.S., together with Ecuador, Chile, Paraguay, Nicaragua and the Caribbean, all recorded higher subscriber gains as compared to last year, in spite of higher penetration levels and the economic downturn that to date has been particularly severe in the U.S.

Mexico led the way in terms of net additions with 1.2 million followed by Brazil with 855 thousand and Tracfone with 567 thousand adds. Argentina came in fourth with 436 thousand while Ecuador and Peru each added 309 thousand subscribers. In Colombia, although we registered good gross additions, our subscriber base came down by 440 thousand subs as a result of a clean-up.

As of March, we had a total of 57.5 million subscribers in Mexico, 39.6 million in Brazil, 26.9 million in Colombia and 15.8 million in Argentina. Amongst the large Latin-American countries, Brazil grew the fastest in relative terms, 27.0% year-on-year, with Mexico and Argentina growing at a similar pace (12%). The most dynamic growth was observed in the Caribbean, where our wireless subscriber base expanded by 44% year-on-year.

Wireless penetration is estimated to have reached 84% in our region of operations (excluding the U.S.) at the end of March. Argentina has the highest penetration in the Americas, with 115%.

Subscribers as of March 2009
Thousands
		Total(1)
Country		Mar'09		Dec'08		Var.%		Mar'08		Var.%
Mexico		57,533		56,371		2.1%		51,540		11.6%
Brazil		39,587		38,731		2.2%		31,182		27.0%
Chile		3,080		3,002		2.6%		2,703		13.9%
Argentina, Paraguay and Uruguay		17,066		16,589		2.9%		15,267		11.8%
Colombia		26,949		27,390		-1.6%		23,129		16.5%
Ecuador		8,613		8,304		3.7%		7,194		19.7%
Peru		7,487		7,178		4.3%		6,010		24.6%
Central America		9,216		9,158		0.6%		8,570		7.5%
Caribe		5,296		4,809		10.1%		3,679		44.0%
USA		11,759		11,192		5.1%		9,895		18.8%
Total Wireless		186,586		182,724		2.1%		159,168		17.2%
Central America		2,251		2,240		0.5%		2,212		1.8%
Caribe		1,590		1,605		-0.9%		1,647		-3.5%
Total Fixed		3,841		3,844		-0.1%		3,859		-0.5%
Total Lines		190,427		186,568		2.1%		163,027		16.8%
(1) Includes total subscribers of all companies in which América Móvil holds an economic interest; does not consider the date in which the companies started being consolidated. Total wireless historical data does not include recent acquisitions. * Includes Panama

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América Móvil Consolidated Results

With the U.S. and Mexico clearly in the midst of an economic recession and South America seemingly headed in the same direction, albeit with a lag in relation to its North American peers, América Móvil posted solid revenue and EBITDA growth in the first quarter of 2009, with service revenues strongly supported by data proceeds and EBITDA helped by the deceleration of subscriber growth in major markets. The Mexican peso fell vis-à-vis all other currencies in our region of operations, which explains part of the growth in the consolidated Mexican peso figures.

Service revenues were up 18.5% year-on-year, to 84.2 billion pesos, while equipment revenues were down 6.3%, with the aggregate revenues reaching 93.8 billion pesos, 15.4% more than a year before. Data revenues expanded by 47.2% in the period, mostly on the back of 3G services, propping up ARPUs in several countries, whereas equipment revenues were down partly on account of the slower pace of subscriber growth in most major operations.

Operating profits totaled 26.9 billion pesos, 13.2% more than a year before, as depreciation and amortization charges declined from 14.3% to 13.6% of service revenues and EBITDA rose 12.9%, to 38.3 billion pesos. The EBITDA margin, at 40.8%, was just slightly lower than in the same period of 2008, having risen significantly in Mexico (3.4 percentage points) and the Andean countries.

Our comprehensive financing costs came down by 6.1% year-on-year as net interest expenses fell on lower interest rates and net debt, and non-interest financial costs—mostly those arising from foreign exchange exposure and its hedging—remained flat.

Net profits increased by 18.7% from a year before, to 16.4 billion pesos. They now represent 49 peso cents per share and 70 dollar cents per ADR.

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America Movil's Income Statement
Millions of MxP
		1Q09		1Q08		Var.%
Service Revenues		84,247		71,101		18.5%
Equipment Revenues		9,588		10,228		-6.3%
Total Revenues		93,834		81,329		15.4%
Cost of Service		20,637		16,733		23.3%
Cost of Equipment		17,474		16,585		5.4%
Selling, General & Administrative Expenses		17,402		14,069		23.7%
Total Costs and Expenses		55,513		47,386		17.1%
EBITDA		38,322		33,943		12.9%
% of Total Revenues		40.8%		41.7%
Depreciation & Amortization		11,423		10,176		12.3%
EBIT		26,899		23,766		13.2%
% of Total Revenues		28.7%		29.2%
Net Interest Expense		1,659		1,869		-11.2%
Other Financial Expenses		-693		1,735		-139.9%
Foreign Exchange Loss		2,083		-357		n.m.
Comprehensive Financing Cost (Income)		3,049		3,247		-6.1%
Other Income and Expenses		820		402		104.1%
Income & Deferred Taxes		6,719		6,320		6.3%
Net Income before Minority Interest and Equity		16,309		13,797		18.2%
Participation in Results of Affiliates
minus
Equity Participation in Results of Affiliates		60		16		268.5%
Minority Interest		-19		-37		48.3%
Net Income		16,350		13,776		18.7%
n.m. Not meaningful

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Balance Sheet (in accordance with Mexican GAAP)*
América Móvil Consolidated
Millions of Mexican Pesos
		Mar '09		Dec '08		Var.%				Mar '09		Dec '08		Var.%
Current Assets								Current Liabilities
Cash & Securities		7,779		22,092		-64.8%		Short Term Debt**		19,863		26,731		-25.7%
Accounts Receivable		46,391		55,896		-17.0%		Accounts Payable		83,093		90,867		-8.6%
Other Current Assets		7,891		3,693		113.7%		Other Current Liabilities		28,556		30,197		-5.4%
Inventories		25,129		31,805		-21.0%				131,512		147,796		-11.0%
		87,190		113,486		-23.2%
Long-Term Assets
Plant & Equipment		215,596		209,897		2.7%
Investments in Affiliates		872		790		10.5%		Long-Term Liabilities
								Long Term Debt		100,364		116,755		-14.0%
Deferred Assets								Other Liabilities		27,706		25,980		6.6%
Goodwill (Net)		44,501		44,696		-0.4%				128,070		142,735		-10.3%
Brands, Patents & Licenses		48,077		48,110		-0.1%
Deferred Assets		16,402		18,477		-11.2%		Shareholder's Equity		153,057		144,925		5.6%
Total Assets		412,639		435,455		-5.2%		Total Liabilities and Equity		412,639		435,455		-5.2%
* This presentation conforms with that of América Móvil's audited financial statements  ** Includes current portion of Long Term Debt

Our net debt came down by 8.9 billion pesos in the quarter to 112 billion pesos in March. The reduction was even greater in cash flow terms, if one considers that the depreciation of the Mexican peso in the quarter resulted in an increase in the peso value of the dollar-denominated debt. Our capital expenditures came in at 10.6 billion pesos and our share buybacks at 6.0 billion pesos—similar to the amount realized a year before—for an aggregate amount of 16.6 billion pesos.

In the quarter we reduced by 1.35 billion dollars the amount outstanding under a two billion dollar revolving line of credit committed through April 2011. We can draw down the line any time we wish through its maturity date. Altogether, the amount available to us at present under this revolving line and other committed lines of credit—including the one to be subscribed today with the China Development Bank—is 3.55 billion dollars. A part of the amount outstanding under such lines is immediately available; another part is to be disbursed as we pay vendors for the network equipment we acquire for our investment program.

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Financial Debt of América Móvil*
Millions of U.S. Dollars
		Mar-09		Dec-08
Peso Denominated Debt		2,374		2,633
Bonds and other securities		2,060		2,301
Banks and others		314		332
U.S. Dollar - denominated debt		4,452		6,400
Bonds and other securities		3,236		3,793
Banks and others		1,217		2,607
Debt denominated in other currencies		1,563		1,627
Bonds and other securities		543		601
Banks and others		1,019		1,026
Total Debt		8,389		10,660
Short term debt and current portion of long-term debt		1,386		1,974
Long-term debt		7,003		8,686
* This table does not include the effect of forwards and derivatives used to hedge the foreign exchange exposure

Mexico

We added 1.2 million subscribers in the first quarter and ended March with 57.5 million subscribers, 11.6% more than in the prior year. Our postpaid subscriber base grew more rapidly, at a pace of 15.9% year-on-year.

The quarter’s revenues came in at 33.6 billion Mexican pesos and were 4.3% higher than in the year-earlier quarter. Service revenues grew almost twice as fast (8.3%) helped by data revenues. ARPU was down from a year before to 168 pesos, with MOUs reaching 185, up 8.2% annually, buoyed by lower prices per minute of voice. They were down 11.4% in peso terms in the period. Our prices per minute of voice averaged five dollar-cents in the quarter, the same as in the U.S (see Merrill Lynch’s Wireless Matrix, 1Q09), and ranked as one of the lowest in the OECD.

With slower subscriber growth and strict cost controls, Telcel’s EBITDA margin climbed 3.4 percentage points from the year earlier quarter to reach 55.5% of revenues. Overall, EBITDA expanded 11.1% year-on-year.

The investments we have made in Mexico have been key to our maintaining the loyalty of our subscribers and have helped us attract many more and increase our share of the postpaid market, which today is only 46.3% . They allowed us to broaden our coverage so that we can offer voice communications to more than 96% of the Mexican population. Our GSM networks are up and running in every town with more than five thousand inhabitants, but in addition to these we cover 178 thousand smaller rural communities. On the other hand, those investments have helped us expand the capacity of our networks and have thus enabled us to keep lowering prices per minute of voice, which as mentioned above already rank as one of the lowest within the OECD. And they led to our incorporation of the latest 3G cellular technology which has made it possible for many Mexicans—and will make it for many more over time—to access (through wireless devices) broadband services and a variety of applications that, for many, were not previously available.

Subscribers have a stated preference for superior coverage and overall quality of service. This performance has been reflected in the fact that since number portability was introduced in July 2008, Telcel has been the only operator to register net subscriber gains.

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INCOME STATEMENT
Mexico
Millions of MxP
		1Q09		1Q08		Var.%
Revenues		33,569		32,182		4.3%
EBITDA		18,631		16,770		11.1%
% total revenues		55.5%		52.1%
EBIT		16,370		14,711		11.3%
%		48.8%		45.7%

Mexico Operating Data
		1Q09		1Q08		Var.%
Wireless Subscribers (thousands)		57,533		51,540		11.6%
Postpaid		4,346		3,749		15.9%
Prepaid		53,187		47,791		11.3%
MOU		185		171		8.2%
ARPU (MxP)		168		174		-3.4%
Churn (%)		3.1%		3.4%		(0.2)

Argentina, Paraguay & Uruguay

Although Argentina and Uruguay have the highest wireless penetration rates in the Americas (estimated to be 115% and 111% in March) we nonetheless registered solid subscriber growth during the quarter. With 478 thousand subscriber gains, our combined subscriber base in Argentina, Paraguay and Uruguay topped 17.1 million at the end of the period, for an 11.8% increase over the previous year. Our postpaid subscriber base increased twice as fast (24.2%) .

Our revenues were up 17.4% from the year-earlier quarter, to 2 billion Argentinean pesos, with service revenues expanding 19.9% . Data continued to grow rapidly—49.6% year-on-year—and now accounts for 34.4% of service revenues, almost seven percentage points more than in the first quarter of 2008 thanks to our 3G services. ARPU was up 6.8% in the period driven by data revenues and a 12% increase in MOUs. The latter was brought about in part by a 4.6% decline in the average price per minute of voice.

EBITDA rose 20.7% year on year to 637 million Argentinean pesos, as the EBITDA margin held up at 32.4% of revenues, somewhat higher than a year before.

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INCOME STATEMENT
Argentina, Uruguay & Paraguay
Millions of ARP
		1Q09		1Q08		Var.%
Revenues		1,965		1,673		17.4%
EBITDA		637		528		20.7%
% total revenues		32.4%		31.6%
EBIT		506		408		24.0%
%		25.7%		24.4%

Argentina, Uruguay & Paraguay Operating Data
		1Q09		1Q08		Var.%
Wireless Subscribers (thousands)		17,066		15,267		11.8%
Postpaid		2,205		1,775		24.2%
Prepaid		14,862		13,492		10.1%
MOU		134		119		12.0%
ARPU (ARP)		34		32		6.8%
Churn (%)		2.2%		2.3%		(0.1)

Brazil

Claro’s subscriber base grew 27.0% year-on-year to finish March with nearly 40 million clients, having added 855 thousand clients in the first quarter. Our postpaid subscriber base continued to outpace the prepaid one. The share of postpaid subscribers has increased from 16.4% to 20.6% in three years on the back of improved coverage and quality of service and the incorporation of 3G services.

Total revenues increased by 5.8% year-on-year to 2.8 billion reais, with service revenues expanding 9.6% . Although down 22.2% from a year before, the average revenue per minute of voice actually rose in the first quarter. MOUs were up 5.4% from a year before to 85 minutes per subscriber. Data-based revenues, which have been rising rapidly—70.9% year-on-year—now represent 11.1% of service revenues, from just over 7.1% a year ago. All the improvements in data revenues come from wireless broadband accesses and other value-added applications.

EBITDA came in at 716 million reais, 9.1% below that of the same period of last year on account of higher subscriber acquisition costs resulting from our inroads in the postpaid market and greater handset costs in local currency terms given the movements in the currency. In fact, the EBITDA minus subscriber acquisition costs actually increased year-on-year. Relative to revenues the EBITDA margin stood at 25.6%, and was down 4.2 percentage points from the year-earlier quarter.

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INCOME STATEMENT
Brazil
Millions of BrL
		1Q09		1Q08		Var.%
Revenues		2,798		2,645		5.8%
EBITDA		716		788		-9.1%
% total revenues		25.6%		29.8%
EBIT		280		252		11.3%
%		10.0%		9.5%

Brazil Operating Data
		1Q09		1Q08		Var.%
Wireless Subscribers (thousands)		39,587		31,182		27.0%
Postpaid		8,148		5,992		36.0%
Prepaid		31,439		25,190		24.8%
MOU		85		81		5.4%
ARPU (BrL)		23		26		-14.3%
Churn (%)		2.5%		2.8%		(0.3)

Chile

We ended March with 3.1 million wireless subscribers after adding 78 thousand million clients in the first three months of the year. Claro’s subscriber base was up 13.9% as compared to the prior year.

Revenues totaled 67 billion Chilean pesos, 8.4% over the year-earlier quarter. Data was the most dynamic component of service revenues rising 74.9% year-on-year. ARPU was down 8.5% as the increase in MOU (18.4%) was not enough to offset the 25.4% decline of the average revenue per minute.

Our EBITDA, 1.5 billion Chilean pesos, was up 1.5% in annual terms. The EBITDA margin was equivalent to 2.2% of revenues, similar to the one seen a year before.

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INCOME STATEMENT
Chile
Millions of ChP
		1Q09		1Q08		Var.%
Revenues		66,973		61,803		8.4%
EBITDA		1,466		1,444		1.5%
% total revenues		2.2%		2.3%
EBIT		-8,567		-7,615		-12.5%
%		-12.8%		-12.3%

Chile Operating Data
		1Q09		1Q08		Var.%
Wireless Subscribers (thousands)		3,080		2,703		13.9%
Postpaid		400		375		6.8%
Prepaid		2,679		2,329		15.1%
MOU		143		121		18.4%
ARPU (ChP)		6,324		6,910		-8.5%
Churn (%)		3.5%		3.5%		0.0

Colombia

Following a period of very rapid subscriber growth, we disconnected in the first quarter low-ussage subscribers. This led to a net reduction of 440 thousand subscribers in the quarter. In terms in gross additions, albeit lower than last year’s, we continued to observe good traction. At the end of March, we had 26.9 million subscribers, 16.5% more than a year before.

First quarter revenues of 1.5 trillion Colombian pesos were 13.6% higher than in the same period of 2008 backed by service revenue growth of 15.6% . Data revenues continued to expand briskly—63.6% year-on-year—resulting in an increase in the share of data revenues. There was certain decline in the number of SMS per subscriber but broadband services and 3G applications had been ramping up boosting the data-only ARPU by 35.6% on an annual basis. Overall ARPU was down 4.6% year-on-year in spite of a strong surge in MOUs (amongst the highest of the region), because the latter was not sufficient to offset a reduction in the average price per minute of voice.

The first quarter’s EBITDA, 748 billion Colombian pesos, was up 16.0% on the year-earlier quarter. The EBITDA margin stood at 49.3%, 100 basis points higher than a year before.

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INCOME STATEMENT
Colombia
Billions of COP
		1Q09		1Q08		Var.%
Revenues		1,517		1,335		13.6%
EBITDA		748		645		16.0%
% total revenues		49.3%		48.3%
EBIT		578		415		39.3%
%		38.1%		31.1%

Colombia Operating Data
		1Q09		1Q08		Var.%
Wireless Subscribers (thousands)		26,949		23,129		16.5%
Postpaid		3,699		3,352		10.4%
Prepaid		23,250		19,778		17.6%
MOU		162		144		12.3%
ARPU (COP)		16,677		17,484		-4.6%
Churn (%)		3.4%		2.7%		0.7

Ecuador

We added 309 thousand new subscribers in the first quarter of the year—almost 20% more than in the same period of 2008—bringing our subscriber base to 8.6 million, also 20% higher than a year before. Penetration in Ecuador is estimated to have reached 91% in March.

First quarter revenues increased 18.1% year-on-year to 282 million dollars, with service revenues rising 22.5% . ARPUs were up 2.3% over the year-earlier quarter as the 6.6% decline in prices per minute was more than compensated by additional traffic (MOUs climbed 12.6% in the period).

EBITDA totaled 134 million dollars, having jumped 26.9% from a year before. At 47.5% of revenues, the EBITDA margin was 3.3 percentage points higher despite the fast pace of subscriber growth.

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INCOME STATEMENT
Ecuador
Millions of Dollars
		1Q09		1Q08		Var.%
Revenues		282		238		18.1%
EBITDA		134		106		26.9%
% total revenues		47.5%		44.2%
EBIT		107		85		26.1%
%		37.9%		35.5%

Ecuador Operating Data
		1Q09		1Q08		Var.%
Wireless Subscribers (thousands)		8,613		7,194		19.7%
Postpaid		964		805		19.7%
Prepaid		7,649		6,389		19.7%
MOU		83		74		12.6%
ARPU (US$)		9		9		2.3%
Churn (%)		1.4%		2.7%		(1.3)

Peru

After adding 309 thousand subscribers in the quarter we ended March with 7.5 million clients, 24.6% more than in the same period of 2008. Our postpaid subscriber base grew almost twice as fast as the prepaid one.

Revenues reached 555 million soles in the first three months of the year. They were up 15.9% year-on-year on the back of service revenues that jumped 20.3%, with data revenues expanding 26.5% . The average price per minute of voice came down 30.6% with respect to the year-earlier quarter, bringing about a 35% increase in traffic per subscriber.

EBITDA expanded 43.0% relative to the same quarter of last year to 186 million soles. Our EBITDA margin for the period, 33.5%, climbed 6.4 percentage points from a year before on lower subscriber acquisition costs per gross add.

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INCOME STATEMENT
Peru
Millions of Soles
		1Q09		1Q08		Var.%
Revenues		555		479		15.9%
EBITDA		186		130		43.0%
% total revenues		33.5%		27.1%
EBIT		140		80		73.6%
%		25.1%		16.8%

Peru Operating Data
		1Q09		1Q08		Var.%
Wireless Subscribers (thousands)		7,487		6,010		24.6%
Postpaid		833		586		42.2%
Prepaid		6,654		5,424		22.7%
MOU		112		83		34.8%
ARPU (Sol)		21		22		-6.0%
Churn (%)		3.3%		2.6%		0.6

Central America

In the first quarter we obtained 58 thousand subscribers in Central America and our combined wireless subscriber base reached 9.2 million clients. In addition to 2.3 million landlines in the region, we had a total of 11.5 million lines in the region.

Altogether, our operations generated revenues of 334 million dollars. EBITDA totaled 145 million dollars, an amount equivalent to 43.5% of revenues.

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INCOME STATEMENT
Central America Consolidated
Millions of Dollars
		1Q09		1Q08		Var.%
Revenues		334		366		-8.8%
EBITDA		145		179		-18.7%
% total revenues		43.5%		48.8%
EBIT		74		110		-33.0%
%		22.1%		30.0%

Central America Operating Data
		1Q09*		1Q08		Var.%
Wireless Subscribers (thousands)		9,213		8,570		7.5%
Postpaid		436		417		4.6%
Prepaid		8,777		8,153		7.7%
Fixed Lines (thousands)		2,251		2,212		1.8%
Total Lines (Wireless + Fixed, 000's)		11,463		10,781		6.3%
MOU		106		122		-12.8%
ARPU (US$)		6		7		-20.1%
Churn (%)		2.2%		1.6%		0.5
* Does not include Panama

Caribbean

We saw a remarkable increase in net subscriber additions in the quarter; at 487 thousand, they were 2.6 times higher than those of the first quarter of 2008. Our wireless subscriber base in the islands reached 5.3 million by the end of the period, up 44.0% over the previous year and 10.1% on the quarter. Prepaid subscriber growth has outpaced postpaid growth, especially in Puerto Rico where prepaid was practically nil at the time we took over that operation. Dominicana showed the fastest rate of subscriber growth (50.6%) amongst our operations. Together with 1.6 million fixed lines, we had a total of 6.9 million lines in the Caribbean.

First quarter revenues of 527 million dollars were down 3.6% year-on-year. Although wireless service revenues increased 9.1% in the period it was not enough to compensate for the contraction of fixed line revenues. Wireless data revenues increased 59.3% in the period.

EBITDA of 167 million dollars was down 26.2% relative to the previous year, mostly on account of greater subscriber acquisition costs.

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Caribbean Operating Data
		1Q09		1Q08		Var.%
Wireless Subscribers (thousands)		5,296		3,679		44.0%
Postpaid		977		851		14.9%
Prepaid		4,319		2,828		52.7%
Fixed Lines (thousands)		1,590		1,647		-3.5%
Total Lines (Wireless + Fixed, 000's)		6,886		5,326		29.3%
MOU		237		282		-15.9%
ARPU (US$)		14		17		-21.9%
Churn (%)		3.9%		3.8%		0.1

INCOME STATEMENT
Caribbean Consolidated
Millions of Dollars
		1Q09		1Q08		Var.%
Revenues		527		546		-3.6%
EBITDA		167		226		-26.2%
% total revenues		31.7%		41.4%
EBIT		75		138		-45.9%
%		14.2%		25.3%

United States

In spite of the economic downturn in the U.S., Tracfone added 567 thousand clients in the period—48.8% more than in the same period of last year—to finish March with 11.8 million subscribers, 18.8% more than a year ago and 5.1% over the previous quarter.

First quarter revenues rose 6.8% in relation to the year-earlier quarter, with service revenues growing somewhat faster (7.1%) . ARPUs fell 9.5% bogged down by a similar reduction in the average price per minute, but the average cost per minute (airtime is bought from various carriers) declined by 13.6% .

EBITDA totaled 74 million dollars, just slightly less than a year before on account of the faster pace of subscriber growth. In the absence of subscriber acquisitions costs, it would have risen 15% year-on-year.

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INCOME STATEMENT
United States
Millions of Dollars
		1Q09		1Q08		Var.%
Revenues		381		356		6.8%
EBITDA		74		76		-2.0%
% total revenues		19.5%		21.3%
EBIT		67		69		-3.1%
%		17.7%		19.5%

United States Operating Data
		1Q09		1Q08		Var.%
Wireless Subscribers (thousands)		11,759		9,895		18.8%
MOU		74		77		-3.7%
ARPU (US$)		10		11		-9.5%
Churn (%)		4.0%		3.5%		0.6

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Exchange Rates
		1Q09		1Q08		Var.%
Mexico
EoP		14.33		10.70		34.0%
Average		14.12		10.76		31.3%
Brazil
EoP		2.32		1.75		32.4%
Average		2.23		1.73		29.1%
Argentina
EoP		3.72		3.17		17.4%
Average		3.49		3.16		10.3%
Chile
EoP		583		438		33.3%
Average		607		452		34.1%
Colombia
EoP		2,561		1,822		40.6%
Average		2,412		1,868		29.1%
Guatemala
EoP		8.11		7.61		6.5%
Average		7.95		7.70		3.3%
Honduras
EoP		19.03		19.03		0.0%
Average		19.03		19.03		0.0%
Nicaragua
EoP		20.09		19.13		5.0%
Average		19.97		19.06		4.8%
Peru
EoP		3.16		2.75		15.1%
Average		3.14		2.86		10.0%
Paraguay
EoP		5,100		4,380		16.4%
Average		5,062		4,557		11.1%
Uruguay
EoP		24.07		20.35		18.3%
Average		22.40		20.74		8.0%
Dominican
EoP		35.97		34.08		5.5%
Average		34.00		34.07		-0.2%
Jamaica
EoP		88.82		71.60		24.0%
Average		84.99		71.29		19.2%

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