---

---

---

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

---

	Carlos García Moreno
	Chief Financial Officer
	carlos.garciamoreno@amovil.com
	Paulina Amieva Gérard
	Investor Relations Office
	paulina.amieva@amovil.com

AMÉRICA MÓVIL’S THIRD QUARTER OF 2006
FINANCIAL AND OPERATING REPORT

Mexico City, October 26, 2006 - América Móvil, S.A. de C.V. (“América Móvil”) [BMV: AMX] [NYSE: AMX] [NASDAQ: AMOV] [LATIBEX: XAMXL], announced today its financial and operating results for the third quarter of 2006.

• In the third quarter we added 6.2 million subscribers; with these, the number of net additions in the nine months through September reached 20.6 million. Our wireless subscriber base topped 113.9 million by the end of the quarter. Together with our fixed lines in Central America, we had a total of 116 million lines.
  
  
• Mexico led the way with 1.6 million net additions in the quarter, followed by Brazil with 1.2, Argentina with 948 thousand and Colombia with 786 thousand.
  
  
• Our revenues totaled 58 billion pesos in the third quarter, up 22.7% year-on-year, bringing to 166 billion pesos the figure through September. Service revenues increased by 2.8% sequentially and 24.4% annually, with particularly strong performances in Argentina and Peru.
  
  
• Third quarter EBITDA rose 40.4% annually, to 21.3 billion pesos. In the nine months to September it surpassed 60 billion pesos and was nearly 50% higher than in the same period of 2005. Our EBITDA margin climbed 4.6 percentage points from a year ago to 36.8%.
  
  
• América Móvil’s quarterly operating profit climbed 50.3% year-on-year to 14.7 billion pesos. Through September, our operating profit exceeded 41 billion pesos, nearly 64% more than a year before.
  
  
• Our operating profits helped bring about a net profit of 11 billion pesos for the quarter, up 139% annually. The net profit obtained through September reached 32.1 billion pesos.
  
  
• Capital expenses, share buybacks and dividend payments added up to 31.8 billion pesos through September. Our cash flow covered these expenses and also allowed us to further reduce our net debt position, which came down by 18.5 billion pesos since December; from 57.0 billion pesos to 38.5 billion pesos.

América Móvil Fundamentals
Constant Mex$
		3Q06		3Q05		Var. %		Jan - Sep 06		Jan - Sep 05		Var. %
EPS (Mex$)(1)		0.31		0.13		142.0%		0.89		0.48		84.6%
Earnings per ADR (US$)(2)		0.56		0.23		138.8%		1.63		0.88		85.7%
Net Income (millions of Mex$)		10,969		4,590		139.0%		32,073		17,593		82.3%
EBITDA (millions of Mex$)		21,337		15,196		40.4%		60,651		40,812		48.6%

---

EBIT (millions of Mex$)		14,690		9,775		50.3%		41,276		25,182		63.9%
Shares Outstanding (billion)(3)		35.93		36.38		-1.2%		35.93		36.38		-1.2%
ADRs Equivalent (billion)(3)		1.80		1.82		-1.2%		1.80		1.82		-1.3%

(1) Net Income / Total Shares outstanding. (2) 20 Shares per ADR. (3) Adjusted for the 3:1 split that took place on July 18, 2005.

Relevant Events

In July, our Chilean subsidiary started offering wireless services with GSM technology and launched its new brand, Claro. The new GSM network already expands on the coverage of the original CDMA network and is slated to continue to grow in coverage.

In August we integrated our companies in Nicaragua, Sercom and Enitel. Sercom had been established in 2002 to develop wireless operations in the country. Enitel, a fixed-line and wireless operator, was acquired in 2004.

Our Central American subsidiaries in Guatemala, El Salvador, Nicaragua and Honduras decided to adopt the Claro brand name for their wireless services. In September they started to operate under the new brand with very good acceptance.

In October, an agreement was reached between Telmex and all mobile operators in Mexico establishing the conditions under which the new National and International Calling-Party-Pays scheme will operate. This scheme will take effect on November 4th.

América Móvil’s Subsidiaries & Affiliates as of September 2006
Country		Company		Business		Equity Participation		Consolidation Method
Subsidiaries
- Mexico		Telcel		wireless		100.0%		Global Consolidation Method
- Argentina		CTI Móvil		wireless		100.0%		Global Consolidation Method
- Brazil		Telecom Americas		wireless		98.9%		Global Consolidation Method
- Chile		Smartcom, S.A.		wireless		100.0%		Global Consolidation Method
- Colombia		Comcel		wireless		99.2%		Global Consolidation Method
- Ecuador		Conecel		wireless		100.0%		Global Consolidation Method
- El Salvador		CTE		wireless, wireline		95.8%		Global Consolidation Method
- Guatemala		ACT		wireless, wireline		99.1%		Global Consolidation Method
- Honduras		Sercom Honduras		wireless		100.0%		Global Consolidation Method
- Nicaragua		Enitel		wireless, wireline		99.3%		Global Consolidation Method
- Paraguay		CTI Móvil		wireless		100.0%		Global Consolidation Method
- Peru		América Móvil Perú, S.A.C.		wireless		100.0%		Global Consolidation Method
- Uruguay		CTI Móvil		wireless		100.0%		Global Consolidation Method
- U.S.A.		Tracfone		wireless		98.2%		Global Consolidation Method
Affiliate
- Mexico		Telvista		other		44.7%		Equity Method

Subscribers

---

América Móvil added 6.2 million wireless subscribers in the third quarter of 2006, to finish September with 113.9 million subscribers. This represents an increase of 5.7% quarter-over-quarter and 36.2% year-over-year. Considering the 2.1 million fixed lines in Central America, América Móvil had a total of 116 million lines at the end of September. In the nine months to September we obtained 20.6 million subscribers, exceeding by 7.5% the number of organic net additions registered in the same period of 2005.

Mexico continued growing at a healthy pace, adding 1.6 million subscribers in the quarter to reach 40.7 million subscribers at the end of September, 21.3% more than a year before.

In Brazil we added 1.2 million clients in the third quarter, bringing the total through September to 3.5 million subscribers, which represents 29.7% of the market’s net adds in the regions where we operate. Claro’s subscriber base expanded by 27.4% year-on-year, to reach 22.2 million wireless subscribers.

Our Argentinean operation gained 948 thousand clients in the third quarter and 2.4 million in the first nine months of the year, to finish September with nine million subscribers. Its subscriber base rose by 62.0% year-on-year. CTI’s operations in Uruguay and Paraguay grew at a vigorous pace, with Uruguay tripling its subscriber base as compared to the same period of last year—to 334 thousand clients—and Paraguay more than doubling its own—to 344 thousand clients.

In Colombia net subscriber additions came in at 786 thousand in the third quarter, bringing the total through September to nearly 5 million subscribers. By the end of the third quarter, Comcel had 18.8 million subscribers, 65.5% more than a year before. The slowdown in subscriber growth—the quarter’s net additions are lower than in the previous quarters—stems from less aggressive commercial policies; however, this did not lead to a reduction in our market share. Colombia’s wireless market had more than quadrupled in size in the last couple of years, having gone from being the least penetrated amongst the large countries in Latin America to the one with the highest penetration rate: 70.2% at the end of September.

Subscribers as of September 2006
Thousands
Total(1)												Equity (2)
Country		Sep’06		Jun’06		Var.%		Sep’05		Var.%		Sep’06		Jun’06		Var.%		Sep’05		Var.%
Mexico		40,720		39,150		4.0%		33,572		21.3%		40,720		39,150		4.0%		33,572		21.3%
Brazil		22,172		20,949		5.8%		17,401		27.4%		21,254		20,233		5.0%		17,148		23.9%
Argentina		9,002		8,054		11.8%		5,555		62.0%		9,002		8,054		11.8%		5,555		62.0%
Chile		2,103		2,001		5.1%		1,792		17.3%		2,103		2,001		5.1%		0		n.m.
Paraguay		344		296		16.4%		139		147.8%		344		296		16.4%		0		n.m.
Uruguay		334		269		24.4%		111		202.3%		334		269		24.4%		111		n.m.
Colombia		18,755		17,970		4.4%		11,334		65.5%		18,605		17,826		4.4%		11,243		65.5%
Ecuador		5,212		4,819		8.2%		3,546		47.0%		5,212		4,819		8.2%		3,546		47.0%
Peru		2,809		2,483		13.1%		1,596		76.1%		2,809		2,483		13.1%		0		n.m.
El Salvador		1,131		1,056		7.1%		755		49.7%		1,083		1,011		7.1%		722		49.9%
Guatemala		2,365		2,210		7.0%		1,750		35.2%		2,344		2,190		7.0%		1,734		35.2%

---

Honduras		638		569		12.3%		346		84.4%		638		569		12.3%		346		84.4%
Nicaragua		1,115		988		12.9%		627		78.0%		1,107		980		13.0%		620		78.5%
U.S.A.		7,230		7,014		3.1%		5,122		41.1%		7,099		6,887		3.1%		5,029		41.1%
Total Wireless		113,930		107,826		5.7%		83,645		36.2%		112,655		106,766		5.5%		79,628		41.5%
El Salvador		830		824		0.8%		804		3.3%		795		789		0.8%		769		3.4%
Guatemala		1,046		973		7.5%		939		11.5%		1,037		932		11.3%		930		11.5%
Nicaragua		255		251		1.9%		229		11.4%		253		249		1.9%		227		11.7%
Total Fixed		2,132		2,048		4.1%		1,971		8.1%		2,085		1,969		5.9%		1,926		8.3%
Total Lines		116,062		109,874		5.6%		85,617		35.6%		114,740		108,735		5.5%		81,553		40.7%

(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. (2) Includes total subscribers weighted by the economic interest held in each company.

Conecel in Ecuador added 394 thousand subscribers in the third quarter of 2006 to end September with 5.2 million clients (an annual increase of 47.0%) . In Peru we gained 326 thousand subscribers in the third quarter and over one million in the nine months to September, to reach 2.8 million clients, a 76.1% increase year-over-year. In Chile we obtained 102 thousand clients, compared to approximately 59 thousand in each of the previous two quarters.

In Central America our combined subscriber base totaled 5.3 million, having gained 1.3 million wireless clients through September, of which 427 thousand were obtained in the third quarter . Honduras outpaced the rest of the operations in the region growing 12.3% sequentially and 84.4% year-on-year.

Tracfone, in the U.S., added over one million clients from January to September, including 215 thousand in the third quarter. The net additions in the first nine months of the year were 50.3% greater than in the same period of 2005. By the end of September, Tracfone had reached a subscriber base of 7.2 million wireless subscribers.

América Móvil Consolidated Results

América Móvil’s third quarter revenues reached 58 billion pesos, 22.7% higher than in the same period a year before. Service revenues were up 24.4% year-on-year and 2.8% quarter-over-quarter. Through September, revenues totaled 166.3 billion pesos, 25.3% more than in the first nine months of 2005 with service revenues expanding at a slightly faster pace.

Claro, in Peru, and CTI Móvil in Argentina, Paraguay and Uruguay, exhibited particularilly strong performances, as their service revenues expanded respectively by 14.5% and 10.2% sequentially and by 43.4% and 44.7% annually.

America Movil’s Income Statement (in accordance with Mexican GAAP)
Millions of constant Mex$
		3Q06		3Q05		Var.%		Jan - Sep 06		Jan - Sep 05		Var.%
Service Revenues		48,745		39,191		24.4%		140,143		109,323		28.2%

---

Equipment Revenues		9,232		8,050		14.7%		26,160		23,348		12.0%
Total Revenues		57,977		47,241		22.7%		166,303		132,671		25.3%
Cost of Service		11,879		8,947		32.8%		32,231		25,545		26.2%
Cost of Equipment		14,624		13,043		12.1%		42,954		38,320		12.1%
Selling, General & Administrative Expenses		10,136		10,055		0.8%		30,468		27,994		8.8%
Total Costs and Expenses		36,639		32,045		14.3%		105,652		91,859		15.0%
EBITDA		21,337		15,196		40.4%		60,651		40,812		48.6%
% of Total Revenues		36.8%		32.2%				36.5%		30.8%
Depreciation & Amortization		6,647		5,421		22.6%		19,375		15,630		24.0%
EBIT		14,690		9,775		50.3%		41,276		25,182		63.9%
% of Total Revenues		25.3%		20.7%				24.8%		19.0%
Net Interest Expense		762		1,183		-35.6%		2,869		3,188		-10.0%
Other Financial Expenses		1,704		337		n.m.		1,127		1,346		-16.3%
Foreign Exchange Loss		-881		306		-388.1%		-1,583		-4,291		63.1%
Monetary Result		-897		-494		-81.8%		-1,934		-1,963		1.4%
Comprehensive Financing Cost (Income)		688		1,333		-48.4%		479		-1,719		127.9%
Other Income and Expenses		-654		322		-303.4%		-1,732		35		n.m.
Income & Deferred Taxes		3,687		3,506		5.1%		10,454		9,141		14.4%
Net Income before Minority Interest and Equity		10,969		4,615		137.7%		32,074		17,725		81.0%
Participation in Results of Affiliates
Equity Participation in Results of Affiliates		-8		-6		-43.4%		-41		48		-185.6%
Minority Interest		9		31		-71.0%		43		84		-48.8%
Net Income		10,969		4,590		139.0%		32,073		17,593		82.3%

*n.m. = not meaningful

Balance Sheet (in accordance with Mexican GAAP)*
América Móvil Consolidated
Millions of Constant Mex$
		Sep’06		Dec’05		Var.%		Sep’05		Var.%				Sep’06		Dec’05		Var.%		Sep’05		Var.%
Current Assets												Current Liabilities
Cash & Securities		43,696		13,071		234.3%		11,502		279.9%		Short Term Debt**		10,152		17,392		-41.6%		10,151		0.0%
Accounts Receivable		31,930		31,538		1.2%		24,379		31.0%		Accounts Payable		57,525		59,063		-2.6%		50,667		13.5%
Other Current Assets		5,522		3,672		50.4%		5,422		1.8%		Other Current Liabilities		23,568		14,766		59.6%		15,775		49.4%
Inventories		16,084		13,245		21.4%		11,898		35.2%				91,244		91,221		0.0%		76,592		19.1%
		97,231		61,527		58.0%		53,202		82.8%
Long-Term Assets

---

Plant & Equipment		121,030		114,368		5.8%		112,730		7.4%
Investments in Affiliates		586		497		18.0%		483		21.4%		Long-Term Liabilities
												Long Term Debt		72,040		52,694		36.7%		50,543		42.5%
Deferred Assets												Other Liabilities		3,777		3,680		2.6%		8,072		-53.2%
Goodwill (Net)		12,525		12,521		0.0%		10,251		22.2%				75,817		56,374		34.5%		58,615		29.3%
Brands, Patents & Licenses		39,593		38,430		3.0%		41,675		-5.0%
Deferred Assets		8,213		7,849		4.6%		7,163		14.7%
												Shareholder’s Equity		112,118		87,597		28.0%		90,296		24.2%
Total Assets		279,179		235,192		18.7%		225,503		23.8%		Total Liabilities and Equity		279,179		235,192		18.7% 225,503				23.8%

^{* This presentation conforms with that of América Móvil’s audited financial statements}

^{** Includes current portion of Long Term Debt}

EBITDA came in at 21.3 billion pesos in the quarter, bringing the total through September to 60.7 billion pesos. Year-on-year, América Móvil’s third quarter EBITDA increased by 40.4% . The EBITDA margin was 36.8% in the period and 36.5% in the nine months to September, surpassing by 4.6 points and 5.8 points the margins seen in the same periods of 2005. The quarterly EBITDA margins rose by more than 20 percentage points in Peru and Colombia and by approximately 15 points in Brazil and Ecuador with respect to a year ago.

The third quarter’s operating profit rose to 14.7 billion pesos, up 50.3% year-on-year. The figure through September went up to 41.3 billion pesos, nearly 64% more than a year before.

América Móvil obtained a net profit of 10.9 billion pesos in the quarter and 32.1 billion pesos through September. These figures represented year-on-year increases of 139.0% and 82.3% respectively. The quarter’s profit was equivalent to 0.31 peso cents per share or 0.56 dollar cents per ADR.

Our net debt ended September at 38.5 billion pesos, down 18.5 billion pesos from December, reflecting the strength of the company’s cash flow that was more than sufficient to cover capital expenses of 2.2 billion pesos and share buybacks and dividend payments that together amounted to 913 million pesos.

Financial Debt of América Móvil*
Millions of U.S. dollars
		Sep’06		Dec’05
Peso - denominated debt		1,574		2,573
Bonds and other securities		1,253		1,639
Banks and other		321		934
U.S. Dollar - denominated debt		5,253		3,535
Bonds and other securities		3,093		3,093
Banks and other		2,160		442
Debt denominated in other currencies		635		291

---

Bonds and other securities		375		197
Banks and other		259		94
Total debt		7,461		6,399
Short-term debt and current portion of long-term debt		921		1,588
Long-term debt		6,540		4,811

*This table does not include the effect of forwards and derivatives used to hedge the foreign exchange exposure.

Mexico

Telcel added 1.6 million subscribers in the third quarter of 2006, 22.9% more than the number of net adds registered in the third quarter of 2005, with postpaid subscribers growing twice as rapidly as prepaids in the period. Telcel finished September with 40.7 million clients, up 4.0% sequentially and 21.3% annually.

Telcel’s share of revenues in the Mexican wireless market, which includes six operators in all —Telcel, Nextel, Movistar, Iusacell, Unefon and Axtel— stood at 70.1%in the first half of this year.

Revenues totaled 26.8 billion pesos in the third quarter and 77.8 billion pesos in the nine months to September. Third quarter revenues were up 16.8% year-on-year. ARPUs were down 2.9% quarter-over-quarter in constant Mexican peso terms, with MOUs remaining roughly flat in the period. MOUs have nonetheless increased by 12.5% year-on-year driven by increased competition.

Telcel obtained 13.7 billion pesos of EBITDA in the quarter, maintaining at 51% the EBITDA margin seen in the previous quarter. Relative to the year before, EBITDA was up 26.2% in the third quarter. Through September, it totaled 39.5 billion pesos, almost 34% more than a year before. The EBITDA margin in the first nine months of the year was a full six percentage points greater than the one seen in the same period of 2005.

INCOME STATEMENT
Mexico
Millions of Constant Mex$
		3Q06		3Q05		Var.%		Jan - Sep 06		Jan - Sep 05		Var.%
Revenues		26,819		22,953		16.8%		77,787		65,938		18.0%
EBITDA		13,671		10,836		26.2%		39,490		29,517		33.8%
%		51.0%		47.2%				50.8%		44.8%
EBIT		11,811		9,245		27.8%		34,152		24,976		36.7%
%		44.0%		40.3%				43.9%		37.9%

Mexico’s Operating Data
		3Q06		3Q05		Var. %
Subscribers (thousands)		40,720		33,572		21.3%
Postpaid		2,877		2,217		29.8%
Prepaid		37,843		31,355		20.7%
MOU		111		99		12.5%

---

ARPU (Constant Mex$)		184		195		-5.9%
Churn (%)		3.1%		3.0%		0.1

Argentina, Paraguay and Uruguay

The combined subscriber base of CTI Móvil reached 9.7 million clients at the end of September 2006 after adding over one million subscribers in the third quarter. Argentina’s subscriber base increased 11.8% sequentially, making it the strongest quarter in the year in terms of net additions. Paraguay and Uruguay have shown the most dynamic growth throughout the region increasing their subscriber base 16.4% and 24.4% respectively. More than 40% of CTI’s subscriber base was obtained in the last twelve months.

Third quarter revenues came in at 1.2 million Argentinean pesos, exceeding by 13.6% those of the prior quarter and by 50.7% those of the same period of last year. Service revenue growth was particularly strong at 10.2% over the quarter and 44.7% annually. For the first nine months of 2006 revenues totaled 3.2 million Argentinean pesos, 57.3% more than a year before.

EBITDA for the quarter totaled 206 million Argentinean pesos, twice as much as in the same period of 2005, though somewhat lower than in the previous quarter on account of the more rapid pace of subscriber growth. Through September, EBITDA more than tripled from a year before, as the EBITDA margin doubled (to 20.0%) and revenues soared.

INCOME STATEMENT
Argentina, Paraguay & Uruguay
Million of ARP$
		3Q06		3Q05		Var. %		Jan - Sep 06		Jan - Sep 05		Var.%
Revenues		1,174		779		50.7%		3,172		2,016		57.3%
EBITDA		206		102		103.0%		635		196		224.4%
%		17.5%		13.0%				20.0%		9.7%
EBIT		127		60		113.4%		418		93		347.2%
%		10.8%		7.6%				13.2%		4.6%

Argentina, Paraguay & Uruguay Operating Data
		3Q06		3Q05		Var. %
Subscribers (thousands)		9,680		5,805		66.8%
Postpaid		976		703		38.9%
Prepaid		8,704		5,102		70.6%
MOU		133		158		-15.7%
ARPU (ARG)		34		39		-14.2%
Churn (%)		1.89%		1.83%		0.1

*Annual comparisons affected by the incorporation of CTI Paraguay in August 2005 and CTI Uruguay in October 2004.

Chile

---

In July, our Chilean operation introduced GSM services and launched its new brand name, Claro. This allowed us to increase to 102 thousand the number of net additions in the third quarter from 59 thousand the previous quarter. Claro’s subscriber base reached 2.1 million clients in September.

Revenues totaled 131.5 million Chilean pesos in the first nine months of 2006, of which 48 million were obtained in the third quarter. EBITDA through September amounted to 18.6 million pesos, or 14.2% of revenues. The promotional expenses surrounding the introduction of the new brand and greater subscriber acquisition costs were responsible for the quarterly reduction in EBITDA.

INCOME STATEMENT
Chile
Millions of CLP$
		3Q06		Jan - Sep 06
Revenues		47,958		131,464
EBITDA		3,945		18,606
%		8.2%		14.2%
EBIT		-3,242		-1,624
%		-6.8%		-1.2%

Chile’s Operating Data
		3Q06		3Q05		Var. %
Subscribers (thousands)		2,103		1,792		17.3%
Postpaid		350		262		33.9%
Prepaid		1,752		1,530		14.5%
MOU		128		126		-1.9%
ARPU (moneda local)		6,597		6,713		-1.7%
Churn (%)		1.9%		2.1%		-0.20

Brazil

Our Brazilian subsidiary added 1.2 million subscribers in the third quarter, a similar figure to that of the same period of 2005 to finish September with 22.2 million subscribers, 27.4% more than a year before. After gaining 1.2 percentage points year to date, its market share stands now at 23.13% .

The partial bill-and-keep regime that existed in Brazil was eliminated on July 13th. For that reason figures of our Brazilian subsidiary are now reported on a full bill basis, for both the third quarter and the historical information in order to facilitate the comparison of the numbers.

On this basis, third quarter revenues reached 2.1 billion reais, up 15.1% annually, with service revenues expanding by 23.0% year-on-year. Claro’s blended ARPU in the third quarter was 27 reais, 4.2% lower than the one observed a year before. In the first nine months of the year revenues amounted to 6 billion reais, up 12.9% annually. Service revenues increased by 25.5% .

---

EBITDA in the quarter totaled 272 million reais, nearly 12% more than in the preceding quarter. A year before, a small EBITDA loss was obtained in the same period. The EBITDA margin was 12.8% in the quarter, over one percentage point higher than the 11.5% obtained in the second quarter, and almost 15 percentage points higher than a year before Through September, EBITDA reached 753 million reais and was equivalent to 12.5% of revenues.

INCOME STATEMENT*
Brazil Consolidated
Millions of R$
		3Q06		3Q05		Var.%		Jan - Sep 06		Jan - Sep 05		Var.%
Revenues		2,122		1,843		15.1%		6,022		5,334		12.9%
EBITDA		272		-32		n.m.		753		-212		n.m.
%		12.8%		-1.7%				12.5%		-4.0%
EBIT		-137		-329		58.4%		-452		-1,305		65.4%
%		-6.5%		-17.9%				-7.5%		-24.5%

*As of July 13th, regulation in Brazil was cahnged to a full bill system. Numbers have been adjusted to be comparable with the new metodology.
n.m. - not meaningful

Brazil’s Operating Data
		3Q06		3Q05		Var. %
Subscribers (thousands)		22,172		17,401		27.4%
Postpaid		3,711		2,705		37.2%
Prepaid		18,461		14,696		25.6%
MOU		71		83		-14.6%
ARPU (R$)		27		29		-4.2%
Churn (%)		3.0%		2.7%		0.1

Colombia

In the last couple of years Colombia outpaced every country in Latin America in terms of subscriber growth. With the wireless penetration rate in the country reaching 70.2% in September, ahead of all the major countries in the region, Comcel opted for a less aggressive commercial policy. It added 786 thousand new subscribers in the third quarter, less than it had added the previous quarters, to end September with 18.8 million clients. This entails an increase of its subscriber base of 4.4% sequentially and 65.5% annually. Comcel maintained its market share in the quarter at 64%.

Comcel’s revenues rose 30% year-on-year and 3.9% quarter-over-quarter, to 1.1 trillion Colombian pesos on the back of rapid service revenue growth (40.7% and 8.1% respectively). In the first nine months of the year, total revenues topped 3.3 trillion Colombian pesos, representing an annual expansion of 43.6% with service revenues increasing by 52.8% .

The deceleration in subscriber growth brought about an important boost in profitability. Comcel’s EBITDA went up 33.1% sequentially and almost tripled that of a year before, as the EBITDA margin climbed 8.5 percentage points over the quarter and 20.9 percentage points over the previous year. Through September our Colombian operation obtained over one trillion Colombian pesos in EBITDA. The margin for that period, 32.4%, nearly doubled that of the year before.

---

INCOME STATEMENT
Colombia
Billion of COP$
		3Q06		3Q05		Var. %		Jan - Sep 06		Jan - Sep 05		Var. %
Revenues		1,149		884		30.0%		3,292		2,293		43.6%
EBITDA		447		159		180.9%		1,067		393		171.4%
%		38.9%		18.0%				32.4%		17.2%
EBIT		308		46		n.m.		648		79		n.m.
%		26.8%		5.2%				19.7%		3.4%

n.m. - not meaningful

Colombia’s Operating Data
		3Q06		3Q05		Var. %
Subscribers (thousands)		18,755		11,334		65.5%
Postpaid		2,706		1,908		41.8%
Prepaid		16,049		9,425		70.3%
MOU		109		116		-6.1%
ARPU (COP$)		18,686		23,960		-22.0%
Churn (%)		1.8%		1.3%		0.5

Ecuador

After adding 394 thousand subscribers in the third quarter, Conecel’s subscriber base reached 5.2 million clients in September, 47% more than a year before.

At 174 million dollars, third quarter revenues remained flat as compared to the previous quarter, but service revenues were up 7.7% sequentially and 22.8% annually. Together with an important reduction in costs, the expansion in service revenues helped to generate a 32.2% quarterly increase in EBITDA as the EBITDA margin climbed 10 percentage points to 40.3%.

In the first nine months of the year revenues totaled 518 million dollars, up 22.2%, driven by service revenues which expanded at an annual pace of 29.3% . Through September EBITDA rose 48.1% compared to the same period of 2005. It totaled 163 million dollars, which represented 31.5% of total revenues.

INCOME STATEMENT
Ecuador
Millions of US$
		3Q06		3Q05		Var.%		Jan - Sep 06		Jan - Sep 05		Var.%
Revenues		174		159		9.3%		518		424		22.2%
EBITDA		70		39		78.8%		163		110		48.1%
%		40.3%		24.6%				31.5%		26.0%
EBIT		51		24		111.6%		110		67		64.3%
%		29.3%		15.1%				21.3%		15.9%

---

Ecuador’s Operating Data
		3Q06		3Q05		Var. %
Subscribers (thousands)		5,212		3,546		47.0%
Postpaid		572		324		76.5%
Prepaid		4,641		3,222		44.0%
MOU		40.8		42		-3.0%
ARPU (US$)		10		12		-18.8%
Churn (%)		3.0%		2.7%		0.3

Peru

Claro Peru continues to show a robust performance in terms of subscriber growth with 859 thousand new subscribers in 2006—74.2% more than in the first nine months of 2005— of which 326 thousand were obtained in the third quarter. As of September it had 2.8 million subscribers, 76.1% more than a year before.

Revenues were up 14.9% in the third quarter to 338 million soles, bringing to 931 million soles the total for the first nine months of the year. Service revenues growth, followed suit. Even with strong subscriber growth, costs were contained, helping EBITDA rise to 122 million soles (a 30.3% quarterly increase), which represents 36.0% of total revenues. The EBITDA margin for our Peruvian operation climbed 4.2 percentage points sequentially.

INCOME STATEMENT
Peru
Millions of Soles
		3Q06		Jan - Sep ‘06
Revenues		338		931
EBITDA		122		313
%		36.0%		33.6%
EBIT		72		166
%		21.4%		17.8%

Peru’s Operating Data
		3Q06		3Q05		Var. %
Subscribers (thousands)		2,809		1,596		76.1%
Postpaid		280		216		30.1%
Prepaid		2,529		1,380		83.2%
MOU		67		83		-19.3%
ARPU (Sol)		35		42		-16.7%
Churn (%)		2.3%		4.5%		-2.3

Central America

Our combined wireless subscriber base in Central America jumped 51% year-on-year to reach 5.3 million. The

---

most dynamic growth was seen in Honduras and Nicaragua, which exhibited annual growth figures of 84.4% and 78.0% respectively. Both operations grew over 12% sequentially.

Total revenues for our Central American operations add up to 372 million dollars in the third quarter and 1.1 billion dollars in the nine months to September. EBITDA for the quarter was 178 million dollars, which represents 48.0% of total revenues. Year to September EBITDA came in at 554 million dollars, resulting in a 50.3% EBITDA margin. The margin was affected in the quarter by some expenditures associated with extraordinary maintenance work linked to severe tropical storms this season.

INCOME STATEMENT
Central America Consolidated
Millions of US$
		3Q06		3Q05		Var.%		Jan - Sep 06		Jan - Sep 05		Var.%
Revenues		372		341		9.1%		1,101		983		11.9%
EBITDA		178		181		-1.5%		554		519		6.6%
%		47.8%		52.9%				50.3%		52.7%
EBIT		114		119		-4.5%		373		339		10.2%
%		30.6%		35.0%				33.9%		34.4%

Central America’s Operating Data(1)
		3Q06		3Q05		Var. %
Wireless Subscribers (thousands)		5,250		3,478		51.0%
Postpaid		334		279		19.7%
Prepaid		4,916		3,199		53.7%
Fixed Lines (thousands)		2,072		1,972		5.1%
Total Lines (Wireless + Fixed, 000’s)		7,322		5,449		34.4%
MOU(2)		148		179		-17.3%
ARPU (US$) (2)		9		13		-29.2%
Churn (%) (2)		0.8%		1.1%		-0.3

(1) Operating indicators group Guatemala, Nicaragua, El Salvador and Honduras data. Historical data previously calculated on a weighted average basis has been made to conform to the new standard. (2) Wireless data only.

United States

After adding 215 thousand subscribers in the quarter, Tracfone, our operation in the United States, reached a subscriber base of 7.2 million. Through September, Tracfone added 1.1 million subscribers, 50.3% more than a year before.

Tracfone’s third quarter revenues increased 35.8% year-on-year, to 330 million dollars, with service revenues expanding at a 37.7% pace. In the first nine months of the year revenues were up 35.5% annually, reaching almost one billion dollars.

---

EBITDA for the third quarter came in at 37 million dollars, or 11.4% of total revenues. It has come down relative to a year ago on account of the more rapid subscriber growth.

INCOME STATEMENT
United States
Millions of US$
		3Q06		3Q05		Var.%		Jan - Sep 06		Jan - Sep 05		Var.%
Revenues		330		243		35.8%		969		715		35.5%
EBITDA		37		36		4.3%		66		105		-37.2%
%		11.4%		14.8%				6.8%		14.7%
EBIT		32		32		2.1%		51		93		-45.1%
%		9.8%		13.0%				5.2%		12.9%

United States’ Operating Data
		3Q06		3Q05		Var. %
Subscribers (thousands)		7,230		5,122		41.1%
MOU		68		60		13.1%
ARPU, Net (US$)		13		14		-1.8%
Churn (%)		5.4%		4.8%		0.6

Glossary of Terms

ARPU – Average Revenue per User. The ratio of service revenues in a given period to the average number of wireless subscribers in the same period. It is presented on a monthly basis.

Capex – Capital Expenditure. Accrued capital expenditures related to the expansion of the telecommunications infrastructure.

Churn – Disconnection Rate. The ratio of wireless subscribers disconnected during a given period to the number of wireless subscribers at the beginning of that period.

EBIT – Earnings Before Interest and Taxes, also known as Operating Profit.

EBIT margin – The ratio of EBIT to total operating revenue.

EBITDA – Earnings Before Interest, Taxes, Depreciation, and Amortization.

EBITDA margin – The ratio of EBITDA to total operating revenue.

EDGE – Enhanced Data rates for GSM Evolution. A technology that gives GSM the capacity to handle data services for the third generation mobile telephony.

EPS (Mexican pesos) – Earnings per share. Total earnings in Mexican pesos divided by total shares.

Earnings per ADR (US$) – Total earnings in U.S. dollars divided by total ADRs equivalent.

---

Equity subscribers – Subscribers weighted by the economic interest held in each company.

GSM – Global System for Mobile communications. It is the world’s leading and fastest growing mobile standard.

GPRS – General Packet Radio Service. Enables GSM networks to offer higher capacity, Internet-based-content and packet-based data services. It is a second generation technology.

Gross additions – Total number of subscribers acquired during the period.

Licensed pops – Licensed population. Population covered by the licenses that each of the companies manage.

Market share – A company’s subscriber base divided by the total number of subscribers in that country.

MOU – Minutes of Use per subscriber. The ratio of wireless traffic in a given period to the average number of wireless subscribers in that same period. It is presented on a monthly basis.

Net subscriber additions – The difference in the subscriber base from one period to another. It is the different between gross additions and disconnections.

Net debt – Total short and long term debt minus cash and marketable securities.

Net debt / EBITDA – The ratio of total short and long term debt minus cash and securities to trailing 12-month income before interest, taxes, depreciation and amortization.

Prepaid – Subscriber that may purchase airtime to recharge a cellular phone. The client does not hold a contract with the company for voice and data services.

Postpaid – Subscriber that has a contract for the use of airtime. The client has no need of activating airtime, it is done so immediately.

Push-to-talk – Enables compatible mobile phones to function like two-way radios.

SMS – Short Message Service.

SAC – Subscriber Acquisition Cost. The sum of handset subsidies, marketing expenses and commissions to distributors for handset activation. Handset subsidy is calculated as the difference between equipment cost and equipment revenues.

Wireless penetration – The ratio of total wireless subscribers in any given country divided by the total population in that country.

Exchange Rates
		3Q06		3Q05		Var.%		Jan - Sep 06		Jan - Sep 05		Var.%
Mexico
EoP		11.02		10.85		1.5%		11.02		10.85		1.5%
Average		10.94		10.80		1.3%		10.93		10.99		-0.6%
Brazil
EoP		2.17		2.22		-2.2%		2.17		2.22		-2.2%
Average		2.16		2.33		-7.0%		2.17		2.46		-11.7%

---

Argentina
EoP		3.10		2.91		6.7%		3.10		2.91		6.7%
Average		3.09		2.89		6.8%		3.08		2.90		6.0%
Chile
EoP		537		529		1.5%		537		529		1.5%
Average		539		544		-1.0%		530		569		-6.9%
Colombia
EoP		2,397		2,290		4.7%		2,397		2,290		4.7%
Average		2,407		2,302		4.6%		2,390		2,331		2.5%
Guatemala
EoP		7.62		7.65		-0.4%		7.62		7.65		-0.4%
Average		7.60		7.63		-0.3%		7.60		7.64		-0.5%
Honduras
EoP		19.03		19.02		0.1%		19.03		19.02		0.1%
Average		19.03		19.01		0.1%		19.03		19.01		0.1%
Nicaragua
EoP		17.78		16.94		5.0%		17.78		16.94		5.0%
Average		17.71		16.87		5.0%		17.50		16.66		5.0%
Peru
EoP		3.25		3.35		-3.0%		3.25		3.35		-3.0%
Average		3.24		3.30		-1.6%		3.28		3.27		0.4%
Paraguay
EoP		5,370		6,150		-12.7%		5,370		6,150		-12.7%
Average		5,430		6,097		-10.9%		5,748		6,219		-7.6%
Uruguay
EoP		23.91		23.95		-0.2%		23.91		23.95		-0.2%
Average		23.96		24.25		-1.2%		24.02		24.69		-2.7%

For further information please visit our website at:

http://www.americamovil.com

 

---

Legal Disclaimer

América Móvil, S.A. de C.V. (the “Company”) quarterly reports and all other written materials may from time to time contain forward-looking statements that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. Forward looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance, or achievements, and may contain words like “believe”, “anticipate”, “expect”, “envisages”, “will likely result”, or any other words or phrases of similar meaning. 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 report. In no event, neither the Company nor any of its subsidiaries, affiliates, directors, officers, agents or employees shall be liable before any third party (including investors) for any investment or business decision made or action taken in reliance on the information and statements contained in this document or for any consequential, special or similar damages.

---

---