AMXOF America Movil Sab De Cv (PK)

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América Móvil Acquires a Controlling Interest in ClaroVTR

Mexico City, Mexico and Denver, USA – October 31, 2024: América Móvil S.A.B. de C.V. (“América Móvil” or “AMX”) (BMV: AMX, NYSE: AMX) and Liberty Latin America Ltd. (“Liberty Latin America” or “LLA”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) announce today that AMX has consolidated ClaroVTR into its ongoing operations through the conversion of all outstanding convertible notes held by AMX in ClaroVTR into equity, resulting in AMX holding a 91.62% majority interest. The transaction was recently approved by the National Economic Prosecutor’s Office of the Republic of Chile (Fiscalía Nacional Económica).

LLA will continue to own an 8.38% equity interest in ClaroVTR. The shareholders’ agreement entered into by AMX and LLA reflects a governance structure and terms according to such equity interests in ClaroVTR.

With this transaction, AMX consolidates its position as one of the leading telecommunication service providers in Chile by providing integrated worldclass offerings and positions itself to provide next generation services through its 5G network.

About América Móvil

Visit: www.americamovil.com

About Liberty Latin America

Visit: www.lla.com

For more information, contact:

Forward-Looking Statements

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 press 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.

Grafico Azioni America Movil Sab De Cv (PK) (USOTC:AMXOF)
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Grafico Azioni America Movil Sab De Cv (PK) (USOTC:AMXOF)
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