Telmex Looks at Olimpia

MEXICO CITY -- Teléfonos de México, S.A.B. de C.V. (“TELMEX”) (BMV: TELMEX; NYSE: TMX; NASDAQ: TFONY, LATIBEX: XTMXL) announced today that after the withdrawal by U.S. telecommunications company AT&T from its exclusive negotiations with Pirelli & C. S.p.A. (“Pirelli”) for the potential acquisition of an interest in Olimpia S.p.A. (“Olimpia”), it will continue, in conjunction with América Móvil, S.A.B. de C.V. (“AMÉRICA MÓVIL”), considering different alternatives for a potential investment in Olimpia.

Olimpia is the largest shareholder of Telecom Italia S.p.A., Italy’s leading telecommunications provider with a significant international presence in Europe and South America. The Telecom Italia Group supplies over 32.4 million mobile lines, around 24 million landlines and 6.8 million broadband connections.

TELMEX is the leading Telecommunications Company in Mexico. TELMEX and its subsidiaries provide a wide range of telecommunications services, data and video transmission and Internet access, as well as integrated telecommunications solutions to its corporate customers. Additionally, it offers telecommunications services through its international subsidiaries in Argentina, Brazil, Chile, Colombia and Peru.

Teléfonos de México (Telmex)