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“América Móvil informs about administrative
proceedings initiated by the IFT against Telmex”
Mexico City, Mexico, August 25, 2015. América Móvil, S.A.B. de C.V. ("AMX") [BMV: AMX] [NYSE: AMX] [NASDAQ: AMOV] [LATIBEX: XAMXL], announced today that its subsidiary Teléfonos de México, S.A.B. de C.V. ("Telmex"), was notified of several administrative proceedings initiated by the Federal Telecommunications Institute (Instituto Federal de Telecomunicaciones or "IFT"), in order to determine potential violations to: (i) its concession, with respect to an alleged direct or indirect exploitation of a public television services concession in the country; and (ii) certain provisions of the Mexican Constitution (Constitución Politica de los Estados Unidos Mexicanos), and the Federal Telecommunications and Broadcasting Law (Ley Federal de Telecomunicaciones y Radiocomunicación), regarding the cost-free rule of retransmission of television broadcast signals (commonly known as "must offer"), through other operators.
The administrative proceedings initiated today by the IFT are related to the commercial agreements with Dish México, S. de R.L. de C.V., consisting of billing and collection services, distribution and equipment leases, as well as the internet service known as “Uno TV”.
AMX and Telmex are currently analyzing the scope and legal grounds of the alleged violations in order to participate in such proceedings and, as the case maybe, exercise applicable legal remedies.
Legal disclaimer.
This press release contains certain forward-looking statements that reflect the current views and/or expectations of AMX 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. AMX 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. | ||
By: |
/S/ Alejandro Cantú Jimenez
| |
Name: Title: |
Alejandro Cantú Jiménez
Attorney-in-fact |