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“América Móvil informs about resolutions issued by the Instituto Federal de Telecomunicaciones”

Mexico City, December 20, 2018. América Móvil, S.A.B. de C.V. ("AMX") [BMV: AMX] [NYSE: AMX | AMOV], informs that its subsidiary Teléfonos de México, S.A.B. de C.V. (“Telmex”), was notified of a resolution issued by the Federal Telecommunications Institute (Instituto Federal de Telecomunicaciones, or “IFT”), through which the IFT has imposed a fine for an amount of MXP$2,543 million derived from a proceeding (procedimiento de sanción) with respect to the alleged breach, in 2013 and 2014, to certain minimum quality goals for dedicated link services, issued by the former Federal Telecommunications Commission (Comisión Federal de Telecomunicaciones) for the 2011-2014 period.

América Móvil and Telmex do not share the proceeding as conducted by the IFT, nor the resolution issued by it and will exercise all legal remedies to challenge it. This illegal and disproportionate fine affects the legal certainty in a sector that requires important investments for its development.

The IFT also notified Telmex a resolution determining that there is NO liability against Telmex and Dish (Comercializadora de Frecuencias Satelitales, S.A. de C.V.), arising from the proceeding (procedimiento de sanción) initiated by the IFT for alleged violations to the gratuity rule for the retransmission audiovisual content.

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.