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AMÉRICA MÓVIL ACQUIRES INTEREST IN ENITEL IN NICARAGUA AND MEGATEL DE HONDURAS IN HONDURAS
MEXICO CITY (MEXICO), June 22, 2004 . América Móvil, S.A. de C.V. (América Móvil) [BMV: AMX] [NYSE: AMX] [NASDAQ: AMOV] [LATIBEX: XAMXL], announced today that it has entered into an agreement with Megatel LLC and certain other investors to acquire a 50.03% controlling interest in Nicaraguan telecommunications company, Empresa Nicaraguense de Telecomunicaciones, S.A. , or ENITEL, which provides fixed, mobile as well as other telecommunications services in Nicaragua and a 100% controlling interest in Megatel de Honduras, S.A. de C.V., which provides mobile as well as other telecommunications services in Honduras.
As of the end of March 2004, ENITEL had approximately 205 thousand wireline subscribers and 145 thousand wireless subscribers and Megatel de Honduras had approximately 61 thousand wireless subscribers. America Móvil currently owns a 49% interest in ENITEL.
The transactions are subject to various conditions, including regulatory approvals and are expected to close during July 2004.
About America Movil
America Movil is the leading provider of wireless services in Latin America . It has more than 48 million wireless subscribers in the Americas.
Legal Disclaimer
This press release may 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 press release or for any consequential, special or similar damages.
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AMERICA MOVIL, S.A. DE C.V.
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Carlos Garcia Moreno
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Carlos Garcia Moreno
Chief Financial Officer
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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 of future 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.