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Name | Symbol | Market | Type |
---|---|---|---|
America Movil SAB de CV | NYSE:AMX | NYSE | Depository Receipt |
Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.12 | 0.83% | 14.51 | 14.70 | 14.245 | 14.25 | 1,423,022 | 22:33:32 |
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“AMX and TEF Sign Non Binding Agreement”
México City, México and Madrid, Spain – September 2, 2024: América Móvil, S.A.B. de C.V. (“AMX”) [BMV: AMX] [NYSE: AMX], through one of its subsidiaries, and Telefónica S.A. (“TEF”) signed a non-binding agreement today to jointly explore their potential participation in the sale process of the assets of WOM S.A. and its affiliates in the jointly-administered Chapter 11 bankruptcy proceedings pending in the United States Bankruptcy Court for the District of Delaware. The parties may decide at any time not to submit an offer and, if they do so, any offer and potential transaction will be subject to the bidding procedures and the regulatory standards and authorizations required under the bankruptcy procedure of WOM S.A. and under the applicable sectoral and competition rules, including the prior authorization of the National Economic Prosecutor's Office of the Republic of Chile (Fiscalía Nacional Económica de Chile).
The interest of both companies in jointly exploring their potential participation in the sale process of the assets of WOM S.A. and its affiliates in Chile is based on the potential benefits that the transaction could generate for its clients and Chilean consumers in general, given that it would strengthen the telecommunications sector sustainability, increasing the ability to continue investing and competing in high-speed networks and coverage, which is key to the country's digitalization
About América Móvil: www.americamovil.com
About Telefónica: https://www.telefonica.com
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.
AMÉRICA MÓVIL, S.A.B. DE C.V. | ||
By: |
/S/ Alejandro Cantú Jiménez
| |
Name: Title: |
Alejandro Cantú Jiménez
Attorney-in-fact |
1 Year America Movil SAB de CV Chart |
1 Month America Movil SAB de CV Chart |
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