America Movil Wants All of Telmex

América Móvil announces tender offer for public shares of Telmex

August 4, 2011

1 Min Read

MEXICO CITY -- América Móvil, S.A.B. de C.V. (“AMX”)(BMV: AMX; NYSE: AMX; Nasdaq: AMOV; LATIBEX: XAMXL) announced today thatits Board of Directors approved a tender offer for all of the outstanding shares of capitalstock of all classes of Teléfonos de México, S.A.B. de C.V. (“Telmex”) that are notalready owned, directly or indirectly, by AMX. The tender offer would include thoseshares that are represented by American Depositary Shares (“ADSs”).

If all shareholders tender, AMX would acquire 40.04% of the outstanding shares ofTelmex and would directly or indirectly own 100% of the outstanding Telmex capitalstock upon completion of the offer.

América Móvil S.A. de C.V.

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