Mexico City, May 9, 2016.
América Móvil, S.A.B. de C.V. ("AMX") [BMV: AMX] [NYSE: AMX] [NASDAQ: AMOV] [LATIBEX: XAMXL], announced today that its subsidiary América Móvil Perú S.A.C., has entered into a stock purchase agreement with Metsanco Limited and its affiliates to acquire 100% shares of the capital stock of Olo del Perú S.A.C. (“Olo”), and TVS Wireless S.A.C. (“TVS”). The completion of the stock purchase is subject to certain conditions customary for transactions of this kind.
Olo and TVS provide telecommunications services throughout Peru and hold radio spectrum in the 2.5 GHz band.
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