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América Móvil SAB de CV

09/15/2021 | Press release | Distributed by Public on 09/15/2021 07:17

“America Movil to sell Claro Panama to Cable & Wireless” (Form 6-K)

'America Movil to sell Claro Panama to Cable & Wireless'

Mexico City, September 15, 2021. América Móvil, S.A.B. de C.V. ('AMX' or 'America Movil') [BMV: AMX] [NYSE: AMX | AMOV]announced today that it has entered into an agreement with Cable & Wireless Panama, S.A. an affiliate of Liberty Latin America LTD., to sell its 100% interest in its subsidiary Claro Panama, S.A. The transaction excludes (i) all telecommunication towers owned indirectly by AMX in Panama and (ii) the Claro trademarks.

The agreed purchase price is Us$200 million on a cash/debt free basis. The closing of the transaction is subject to customary conditions for this type of transactions, including obtaining required governmental approvals. Parties expect the closing to occur during first half of 2022.

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.