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	Carlos García-Moreno
	Chief Financial Officer
	carlos.garciamoreno@amovil.com
	Paulina Amieva Gérard
	Investor Relations Office
	paulina.amieva@amovil.com

AMÉRICA MÓVIL'S FOURTH QUARTER OF 2005
FINANCIAL AND OPERATING REPORT

Mexico City, February 7, 2005 - América Móvil, S.A. de C.V. (“América Móvil”) [BMV: AMX] [NYSE: AMX] [NASDAQ: AMOV] [LATIBEX: XAMXL], announced today its financial and operating results for the fourth quarter of 2005.

32.2 M net additions 2005

•  With 9.7 million net subscriber additions in the fourth quarter—our largest ever in terms of organic growth—the total net additions for 2005 rose to 32.2 million. This brought América Móvil's wireless subscriber base to 93.3 million, all of them in the Americas, representing a 52.7% expansion of our subscriber base in the year. Nearly all the subscribers were equity (or proportional) subscribers. In addition to our wireless base, América Móvil had 2.0 million fixed lines at the end of 2005, for a combined total of 95.3 million lines.

8 M net adds in Colombia

•  In 2005 our Colombian operations experienced the greatest growth in absolute terms, with 8.0 million subscribers, followed by Mexico's, with 7.1 million; Brazil's, with 5.0 million; and Argentina's, with 3.0 million. Tracfone, our U.S. operation, and Conecel, our Ecuadorean subsidiary, both added close to 1.8 million subscribers in 2005.

2005 revenues up 31%yoy to MxP 182 Bn

•  América Móvil's revenues totaled 182.2 billion pesos in 2005, 30.8% more than a year before. Of that amount, 52.4 billion were generated in the fourth quarter. The latter figure represents a 27.6% increase year-over-year. Service revenues were up 7.4% in the quarter and 29.0% year-on-year. Prepaid ARPUs rose sequentially in most operations.

4Q05 EBITDA margin at 29%

•  EBITDA for the year came in at 55.1 billion pesos, exceeding the previous year's by 26.8%. The EBITDA margin was 30.3%. Fourth quarter EBITDA amounted to 15.2 billion pesos, or 29.1% of revenues; a year before EBITDA had represented 25.5% of revenues. Although our subsidiaries added even more subscribers in the fourth quarter of 2005 than they had in the same period of 2004, most of them registered improvements in their EBITDA margins.

Operating profit up 39%yoy

•  Operating profits reached 33.7 billion pesos and were up 38.8% in relation to 2004, whereas the company's net profit for the year totaled 31.6 billion pesos, up 85.4% from the year before, driven by operating profits, foreign exchange gains and one-time benefits associated with a corporate restructuring that took place in the fourth quarter. The net profit for the year is equivalent to 0.87 pesos per share or 1.60 dollars per ADR.

Net debt of MxP 56 Bn

•  Net debt ended 2005 at 55.8 billion pesos, 12.0 billion pesos more than a year before. Among other things, the increase in debt helped cover capital expenditures and adquisitions of 50 billion pesos and share-buybacks and dividends that together amounted to 19 billion pesos (including an extraordinary dividend of 10.7 billion pesos paid in December).

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América Móvil Fundamentals
Constant Mex$
		Jan - Dec 05		4Q05		4Q04
EPS (Mex$) (1)		0.87		0.40		0.05
Earnings per ADR (US$) (2)		1.60		0.74		0.08
Net Income (millions of Mex$)		31,641		14,438		1,684
EBITDA (millions of Mex$)		55,140		15,232		10,463
EBIT (millions of Mex$)		33,696		9,072		5,245
Shares Outstanding (billion) (3)		36.25		36.25		36.79
ADRs Equivalent (billion) (3)		1.81		1.81		1.84
(1)Net Income / Total Shares outstanding
(2)20 Shares per ADR
(3) Adjusted for the 3:1 split that took place on July 18, 2005.

Relevant Events

In December, América Móvil paid out an extraordinary dividend of $0.30 pesos per share to each of the series “AA”, “A” and “L” shares that constitute the capital stock of the company. The extraordinary dividend payment totaled 10.7 billion Mexican pesos.

América Móvil's Subsidiaries & Affiliates as of December 2005
Country		Company		Business		Equity Participation		Consolidation Method
Subsidiaries
- Mexico		Telcel		wireless		100.0%		Global Consolidation Method
- Argentina		CTI		wireless		100.0%		Global Consolidation Method
- Brazil		Telecom Americas		wireless		98.9%		Global Consolidation Method
- Chile		Smartcom, S.A.		wireless		100.0%		Global Consolidation Method
- Colombia		Comcel		wireless		99.2%		Global Consolidation Method
- Ecuador		Conecel		wireless		100.0%		Global Consolidation Method
- El Salvador		CTE		wireless, wireline		95.8%		Global Consolidation Method
- Guatemala		ACT*		wireless, wireline		99.1%		Global Consolidation Method
- Honduras		Sercom Honduras		wireless		100.0%		Global Consolidation Method
- Nicaragua		Enitel		wireless, wireline		99.3%		Global Consolidation Method
- Paraguay		AMX Paraguay, S.A.		wireless		100.0%		Global Consolidation Method
- Peru		América Móvil Perú, S.A.C.		wireless		100.0%		Global Consolidation Method
- Uruguay		CTI		wireless		100.0%		Global Consolidation Method
- U.S.A.		Tracfone		wireless		98.2%		Global Consolidation Method
Affiliate
- U.S.A		Telvista		other		45.0%		Equity Method

Subscribers

93.3 M mobile clients

In 2005 América Móvil consolidated its position as one of the largest wireless operators in the world by equity subscribers after adding 32.2 million subscribers, 87.2% more than the previous year, to reach a total subscriber base of 93.3 million in December. The expansion of the subscriber base represented an increase of 52.7% year-over-year. In the fourth quarter, América Móvil had a record quarter in terms of organic growth, having obtained 9.7 million subscribers, 37.4% more than a year before.

Total lines are 95.3M

The total number of fixed-lines in Central America was 2.0 million in December. Including fixed and wireless lines, América Móvil had a total of 95.3 million lines at the end of 2005.

13.8M subs in Colombia

In Colombia, growth continued to outpace that of our other operations in absolute terms. Comcel added 8.0 million subscribers in the year—2.4 million in the fourth quarter—ending 2005 with a subscriber base of 13.8 million subscribers. None of our operations has ever added as many subscribers in a given year as Colombia did in 2005.

2

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Telcel gains 7.1M new clients

Telcel in Mexico obtained 7.1 million new subscribers in the year, with 2.3 million net additions in the fourth quarter, a record for the company. By the end of the year, our subscriber base in Mexico numbered 35.9 million, 24.5% more than in 2004.

5.0M net adds in Brazil

In Brazil we added 5.0 million subscribers in the year, to reach 18.7 million subscribers in December, a 36.6% increase in the base year-on-year. Whereas the expansion in the base was solid in the fourth quarter (7.2% sequentially), it did not exhibit the marked seasonality that we had come to expect from the experience of other years.

Net adds of 3.0M in Argentina

Argentina expanded its subscriber base by 84.7% in the year and 19.3% in the quarter. Net additions in the fourth quarter totaled 1.1 million and throughout the year they reached 3.0 million. The subscriber base in Argentina numbered 6.6 million at the end of 2005. In Paraguay and Uruguay, CTI Móvil delivered sequential growth rates of 24.0% and 51.8% in the fourth quarter, respectively; including those operations, our wireless subscriber base comprised 7.0 million in this region.

Ecuador obtains 1.8M in 2005

Conecel in Ecuador obtained 1.8 million new subscribers in 2005—one million more than in 2004—to finish the year with 4.1 million, 76.3% more than a year before. It had a record number of net additions in the fourth quarter, 554 thousand, which exceeded those of the same period a year before by 55.5%.

Subscribers as of September 2005
Thousands
	Total (1)											Equity (2)
Country		Dec-05		Sep-05		Var.%		Dec-04		Var.%		Dec-05		Sep-05		Var.%		Dec-04		Var.%
Mexico		35,914		33,572		7.0%		28,851		24.5%		35,914		33,572		7.0%		28,851		24.5%
Brazil		18,659		17,401		7.2%		13,657		36.6%		18,354		17,148		7.0%		13,306		37.9%
Argentina		6,627		5,555		19.3%		3,587		84.7%		6,627		5,555		19.3%		3,587		84.7%
Chile		1,884		1,792		5.1%		1,539		22.4%		1,884		1,792		5.1%		0		n.m.
Paraguay		172		139		24.0%		77		124.8%		172		139		24.0%		0		n.m.
Uruguay		168		111		51.8%		5		n.m.		168		111		51.8%		5		n.m.
Mercosur		8,851		7,597		16.5%		5,207		70.0%		8,851		7,597		16.5%		3,592		146.4%
Colombia		13,775		11,334		21.5%		5,814		136.9%		13,664		11,243		21.5%		5,767		136.9%
Ecuador		4,100		3,546		15.6%		2,326		76.3%		4,100		3,546		15.6%		2,326		76.3%
Perú		1,950		1,596		22.2%		1,102		76.9%		1,950		1,596		22.2%		0		n.m.
Andean		19,825		16,476		20.3%		9,242		114.5%		19,715		16,385		20.3%		8,094		143.6%
El Salvador		859		755		13.7%		518		65.8%		822		723		13.7%		489		68.1%
Guatemala		1,912		1,750		9.3%		1,306		46.5%		1,895		1,734		9.3%		1,293		46.6%
Honduras		427		346		23.2%		198		115.2%		427		346		23.2%		198		115.2%
Nicaragua		748		627		19.4%		453		65.3%		742		621		19.4%		448		65.6%
Central America		3,946		3,478		13.5%		2,474		59.5%		3,886		3,425		13.5%		2,428		60.1%
U.S.A.		6,135		5,122		19.8%		4,394		39.6%		6,024		5,029		19.8%		4,314		39.6%
Total Wireless		93,329		83,645		11.6%		61,107		52.7%		92,743		79,629		16.5%		60,584		53.1%
El Salvador		808		804		0.6%		781		3.5%		774		770		0.6%		737		5.0%
Guatemala		953		939		1.5%		901		5.7%		944		930		1.5%		892		5.8%
Nicaragua		235		229		2.6%		214		9.6%		233		227		2.6%		212		9.9%
Total Fixed		1,996		1,971		1.2%		1,897		5.2%		1,951		1,927		1.3%		1,842		6.0%
Total Lines		95,325		85,617		11.3%		63,004		51.3%		94,694		81,556		16.1%		62,426		51.7%

354 K net adds in Peru

Peru grew at a quick pace over the last quarter of 2005, acquiring 354 thousand subscribers, twice as many as those obtained in the same period a year ago. With these, our subscriber base in that country reached 2.0 million. In Chile we gained 92 thousand subscribers in the fourth quarter, to end the year with a total of 1.9 million.

3

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Central America region adds 1.5M

In Central America we had 3.9 million wireless subscribers at the end of 2005, having gained 1.5 million subscribers in the year. That is 13.5% above the previous quarter and 59.5% year-on-year. The fixed line operations grew 5.2% year-on-year and 1.2% in the quarter. The total number of fixed lines reached 2.0 million at the end of 2005.

Tracfone gains 1.7M in'05

In the U.S., Tracfone had a strong performance in the fourth quarter, in which it obtained 1.0 million new subscribers. This brought their net additions for the year to 1.7 million. Tracfone ended 2005 with over 6.1 million subscribers.

América Móvil Consolidated

'05 revenues rise 30.8%yoy

In 2005 América Móvil's revenues rose 30.8% relative to the previous year to reach 182.2 billion pesos. Service revenues expanded at a similar pace (29.4%) as total revenues. The year's results were supported by a strong performance in the fourth quarter in practically all the operations, with rising ARPUs and EBITDA margins in several of them.

Overall, fourth quarter revenues were up 13.4% sequentially, to 52.4 billion pesos, with service revenues increasing by 7.4% over the previous quarter and by 29.0% year-on-year (or by 4.8% and 24.1% respectively if the results of Paraguay, Chile and Perú—which were consolidated in América Móvil in the third quarter—are excluded).

America Movil's Income Statement (in accordance with Mexican GAAP)
Millions of constant Mex$
		4Q05		4Q04		Var.%		Jan - Dec 05		Jan - Dec 04		Var.%
Service Revenues		41,181		31,914		29.0%		148,084		114,408		29.4%
Equipment Revenues		11,238		9,162		22.7%		34,070		24,826		37.2%
Total Revenues		52,420		41,075		27.6%		182,153		139,234		30.8%
Cost of Service		9,950		7,487		32.9%		34,929		27,289		28.0%
Cost of Equipment		16,632		14,520		14.5%		54,104		40,306		34.2%
Selling, General & Administrative Expenses		10,605		8,605		23.2%		37,979		28,149		34.9%
Total Costs and Expenses		37,187		30,612		21.5%		127,013		95,744		32.7%
Ebitda		15,232		10,463		45.6%		55,140		43,490		26.8%
% of Total Revenues		29.1%		25.5%				30.3%		31.2%
Depreciation & Amortization		6,161		5,218		18.1%		21,444		19,214		11.6%
Ebit		9,072		5,245		5,245		33,696		24,276		24,276
% of Total Revenues		17.3%		12.8%				18.5%		17.4%
Net Interest Expense		795		817		-2.6%		3,912		2,354		66.2%
Other Financial Expenses		1,993		836		138.4%		3,309		1,251		164.6%
Foreign Exchange Loss		1,256		-2,146		158.5%		-2,940		-2,526		-16.4%
Monetary Result		-1,169		-787		-48.5%		-3,088		-3,051		-1.2%
Comprehensive Financing Cost (Income)		2,875		-1,281		324.5%		1,194		-1,972		160.6%
Other Income and Expenses		374		39		n.m.		408		-92		n.m.
Income & Deferred Taxes		-8,597		4,725		-281.9%		341		8,816		-96.1%
Net Income before Minority Interest and Equity		14,419		1,762		n.m.		31,752		17,524		81.2%
Participation in Results of Affiliates
minus
Equity Participation in Results of Affiliates		-5		26		-118.8%		42		96		-55.8%
Minority Interest		-13		52		-126.0%		69		365		-81.2%
Net Income		14,438		1,684		n.m.		31,641		17,063		85.4%
*n.m. = not meaningful

4

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Various subsidiaries reported double digit sequential service revenue growth in the fourth quarter. Importantly, all the subsidiaries (considering the Central American operations as a subsidiary), except for Colombia and Chile, registered sequential increases in their prepaid ARPU in local currency terms. (In Colombia prepaid ARPUs declined on account of the remarkably strong gains in subscribers that were, at 2.4 million, the most important amongst those of all our subsidiaries.)

Prepaid ARPUs rise in most operations

It must be noted that blended ARPUs did not rise in all the subsidiaries that registered improvements in prepaid ARPUs; to the extent that prepaid subscribers grow more rapidly than postpaid subscribers, blended ARPUs tend to decline and sometimes do so even if both prepaid and postpaid ARPUs are going up.

'05 EBITDA at MxP 55 Bn

EBITDA for the year came in at 55.1 billion pesos, 26.8% more than in 2004. That amount represented an EBITDA margin of 30.3%, slightly below the one seen the previous year (31.2%). Revenues outpaced EBITDA during 2005 because of greater subscriber acquisition costs arising from the rapid expansion of the subscriber base in the year, the most important to date in terms of net subscriber additions.

4Q05 EBITDA margin of 29%; up yoy in most operations

In the fourth quarter, EBITDA totaled 15.2 billion pesos, which represented a 45.6% increase over the same period of 2004. It is to be noted that at 29.1%, the EBITDA margin in the fourth quarter was 3.6 percentage points higher than the one seen a year before. Again, all our subsidiaries except for two saw their fourth quarter EBITDA margins improve in relation to the one seen in the same period of 2004, the exceptions being those in Ecuador and the United States. As regards the latter, a big surge in gross subscriber additions in the fourth quarter—they more than doubled relative to the year before—explains, through the corresponding impact on subscriber acquisition costs, the reduction in the EBITDA margin experienced in the fourth quarter (for the year as a whole its EBITDA margin went up).

Op. Profit reached MxP 34 Bn in '05, up 39%yoy

2005 operating profits amounted to 33.7 billion pesos, exceeding those registered in 2004 by nearly 40%. This increase partly reflects the fact that under Mexican GAAP, beginning in 2005, goodwill is no longer amortized but is instead subjected to ongoing tests to ensure that no impairment of such goodwill is called for. Depreciation and amortization charges were up 11.6% in the year.

Balance Sheet (in accordance with Mexican GAAP)*
América Móvil Consolidated
Millions of Constant Mex$
		Dec-05		Dec-04		Var.%				Dec-05		Dec-04		Var.%
Current Assets								Current Liabilities
Cash & Securities		12,782		19,744		-35.3%		Short Term Debt**		17,007		5,572		205.2%
Accounts Receivable		30,683		21,500		42.7%		Accounts Payable		57,699		37,788		52.7%
Other Current Assets		3,644		4,292		-15.1%		Other Current Liabilities		14,541		13,027		11.6%
Inventories		12,953		11,618		11.5%				89,248		56,387		58.3%
		60,061		57,154		5.1%
Long-Term Assets
Plant & Equipment		113,484		87,741		29.3%
Investments in Affiliates		690		674		2.4%		Long-Term Liabilities
								Long Term Debt		51,530		57,934		-11.1%
Deferred Assets								Other Liabilities		6,202		6,630		-6.5%
Goodwill (Net)		12,245		9,841		24.4%				57,731		64,564		-10.6%
Brands, Patents & Licenses		40,409		36,195		11.6%
Deferred Assets		7,676		9,497		-19.2%
								Shareholder's Equity		87,585		80,151		9.3%
Total Assets		234,564		201,102		16.6%		Total Liabilities and Equity		234,564		201,102		16.6%
* This presentation conforms with that of América Móvil's audited financial statements
** Includes current portion of Long Term Debt

5

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Overall, the financial operations of América Móvil resulted in a net comprehensive financial cost of 1,194 million pesos in 2005. Foreign exchange gains and the monetary gain resulting from the inflationary erosion of the company's net debt combined to offset, for the most part, the interest costs and other financial expenses it incurred. The foreign exchange gains arose principally from the appreciation of the Mexican peso and the Brazilian real vs. the U.S. dollar, of 4.9% and 11.8% respectively, relative to the end of 2004.

Corporate restructure

A reorganization undertaken to provide greater flexibility to América Móvil's corporate structure which will among other things improve the control and geographical oversight, administration and accounting of subsidiaries located in a number of countries was carried out in the fourth quarter. América Móvil has grown significantly in Latin America since it started operations five years ago and has developed a presence in 13 countries in Latin America plus the United States. This significant expansion had brought about the need to conduct an important overhaul of its original corporate structure. One consequence of this restructure was the incurrence of certain losses that led to the reversal of a portion of the tax provisions that the company had set up during the year.

Net profit up 85% to MxP 32 Bn

América Móvil generated a net profit of 31.6 billion pesos in 2005, 85.4% greater than that of a year before. This included a net credit to results of 3.2 billion pesos in deferred taxes that had no impact on cash flow. The net profit of the year was equivalent to 0.87 pesos per share and 1.60 dollars per ADR.

'05 Capex at MxP 39 Bn

The company's net debt (including accrued interest) increased by 12.0 billion pesos in the year, to 55.8 billion pesos, an amount equivalent to 1.01 times EBITDA (last twelve months). Together with the company's operating cash flow, the increase in indebtedness contributed, among other things, to the financing of capital expenditures totaling 38.7 billion pesos; the acquisition of equity interests in various companies (notably Peru, Chile and Paraguay) amounting to 10.8 billion pesos; and share-buybacks and dividends that were worth in the aggregate 19.4 billion pesos. The latter amount includes the extraordinary dividend payment of 10.7 billion pesos undertaken by the company towards the end of the year.

The financial debt of América Móvil stood at 6.4 billion dollars in December, up from 5.6 billion dollars a year before. The average outstanding life of this debt is 8.2 years.

Financial Debt of América Móvil
Millions of U.S. dollars
		Dec-05		Dec-04
Peso-denominated Debt		2,573		1,604
Bonds and other securities		1,639		1,193
Banks and other		935		411
U.S. Dollar-denominated Debt		3,534		3,682
Bonds and other securities		3,093		2,163
Banks and other		441		1,519
Debt Denominated in Other Currencies		292		352
Bonds and other securities		197		195
Banks and other		95		157
Total Debt		6,399		5,638
Short-term debt and current portion of long-term debt		1,588		495
Long-term debt		4,811		5,143

6

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Mexico

2.3 M net adds in 4Q05

Subscriber growth continued strong as Telcel added 2.3 million net additions in the fourth quarter of 2005, its best quarter ever. Total net additions for the year reached 7.1 million, exceeding those registered a year ago by 30.7%. We finished the year with 35.9 million subscribers in Mexico, 24.5% more than in 2004.

MxP 90.0 Bn in 2005 revenues

Revenues reached nearly 90.0 billion pesos in 2005—25.1 billion of them in the fourth quarter—exceeding those of the previous year by 22.4%. This rate of growth was similar to that of the subscriber base. Service revenues expanded by 5.3% in the quarter, helping drive an increase of 1.0% in blended ARPUs over the previous quarter in constant peso terms. Prepaid ARPUS in Mexico have risen in 11 out of the last 15 quarters. Blended MOUs increased by 7.3% sequentially.

'05 EBITDA up 30%yoy

EBITDA in 2005 climbed nearly 30.0% for the second consecutive year, to 40.4 billion pesos. Despite considerable subscriber growth in the year—gross additions were 30.5% more in 2005 than in 2004—Telcel's EBITDA margin rose almost 2 percentage points, to 45.1%. In the fourth quarter, the EBITDA margin, at 46.1%, was 360 basis points higher than in the same period of 2004, reflecting ongoing efforts to contain the growth of costs and expenses.

INCOME STATEMENT
Mexico
Millions of Constant Mex$
		4Q05		4Q04		Var.%		Jan - Dec 05		Jan - Dec 04		Var.%
Revenues		25,108		20,054		25.2%		89,586		73,180		22.4%
EBITDA		11,566		8,513		35.9%		40,429		31,639		27.8%
%		46.1%		42.5%				45.1%		43.2%
EBIT		9,990		7,175		39.2%		34,413		26,388		30.4%
%		39.8%		35.8%				38.4%		36.1%

Mexico's Operating Data
		4Q05		4Q04		Var. %
Subscribers (thousands)		35,914		28,851		24.5%
Postpaid		2,367		1,815		30.4%
Prepaid		33,547		27,036		24.1%
MOU		106		104		1.9%
ARPU (Constant Mex$)		193		197		-2,0%
Churn (%)		3.5%		3.2%		0.3

Argentina, Paraguay & Uruguay

7.0 M subs in the region

The combined subscriber base in Argentina, Paraguay and Uruguay nearly doubled in 2005, to 7.0 million wireless clients in December. Argentina contributed 3.0 million additional clients through 2005, 35.3% of which were obtained in the fourth quarter. Uruguay and Paraguay added 163 thousand and 93 thousand new clients, respectively, in 2005. CTI Móvil in Uruguay has attained a 15% market share after a year in operation.

7

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'05 revenues doubled yoy - Prepaid and postpaid ARPUs up qoq

Solid revenue growth characterized our CTI Móvil operations in 2005 with revenues more than doubling in the year, to 3.0 billion Argentinean pesos, driven by service revenues, which rose at a somewhat faster pace than total revenues. Fourth quarter service revenues increased by 15.7% sequentially and 80.7% annually, providing support to ARPUs, which on a blended basis were practically flat quarter-over-quarter in spite of the rapid subscriber growth that took place in the period. In fact, both prepaid and postpaid ARPUs rose over the previous quarter.

EBITDA expansion in 2005 was considerable as CTI moved from a nearly zero EBITDA margin in 2004 to 9.6% in 2005 (of a much greater revenue base), resulting in a total of 285 million Argentinean pesos. The EBITDA margin for the fourth quarter was 9.5%, 16.6 percentage points higher than a year earlier.

INCOME STATEMENT *
Argentina, Paraguay & Uruguay
Million of ARP$
		4Q05		4Q04		Var. %		Jan - Dec 05		Jan - Dec 04		Var. %
Revenues		946		523		81.0%		2,962		1,441		105.6%
EBITDA		90		-32		n.m.		285		-1		n.m.
%		9.5%		-6.1%		255.7%		9.6%		-0.1%
EBIT		29		-55		153.7%		123		-85		n.m.
%		3.1%		-10.4%		129.7%		4.1%		-5.9%
*Annual and quarterley comparisons affected by the incorporation of CTI Paraguay in August 2005 and CTI Uruguay in October 2004
n.m. - not meaningful

Argentina, Paraguay & Uruguay Operating Data
		4Q05		4Q04		Var. %
Subscribers (thousands)		6,967		3,592		94.0%
Postpaid		768		523		46.8%
Prepaid		6,199		3,069		102.0%
MOU		141		169		-16.5%
ARPU (ARG)		39		44		-12.2%
Churn (%)		2.0%		1.9%		0.1
*Annual comparisons affected by the incorporation of CTI Paraguay in August 2005 and CTI Uruguay in October 2004.

Chile

108 K new subs

Our recent acquisition in Chile, Smartcom, grew at a moderate pace during the fourth quarter of 2005. América Móvil is currently in the process of rolling out a GSM network, which should begin operations towards the end of the second quarter of this year. Since we took over the company in late August, it has gained 108 thousand subscribers.

In the four months to December the company's revenues amounted to 57.8 billion Chilean pesos—44.1 billion of which came through in the last quarter—whereas EBITDA totaled 7.9 billion Chilean pesos in the four-month period, representing 13.7% of revenues.

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INCOME STATEMENT
Chile
Millions of Chilean Pesos
		4Q05		Sep - Dec 05
Revenues		44,051		57,767
EBITDA		5,350		7,889
%		12.1%		13.7%
EBIT		-2,775		-3,137
%		-6.3%		-5.4%

Chile’s Operating Data
		4Q05		4Q04		Var. %
Subscribers (thousands)		1,884		1,539		22.4%
Postpaid		272		235		15.7%
Prepaid		1,612		1,303		23.7%
MOU		131		133		-1.0%
ARPU (CHL)		6,795		7,360		-7.7%
Churn (%)		2.5%		1.9%		0.6

Brazil

1.3M net adds in 4Q05

Our Brazilian operations continued to present solid subscriber growth, albeit at a slower pace in the fourth quarter than had been the case the last two years (relative to the total net subscriber additions of the year). Through 2005, net additions in Brazil amounted to 5.0 million customers (vs. 4.1 million in 2004), of which 1.3 million were obtained in the fourth quarter.

25%yoy revenue growth

Revenues in 2005 were up 24.6% relative to the previous year, reaching 6.5 billion reais, with service revenues increasing at a slightly faster pace. During the fourth quarter, revenues totaled 1.9 billion reais, exceeding by 17.1% the previous quarter's and by 12.6% those of the same period a year before. Prepaid ARPUs rose 8.7% over the previous quarter.

One-time adjustments impact EBITDA

An EBITDA loss of 208 million reais was registered in the year, after an EBITDA loss of 88 million in the fourth quarter. The latter, which represented 4.7% of revenues, included the impact of one-time adjustments mostly related to the forgiveness of certain balances associated with accounts receivable and with the launch of operations in Minas Gerais.

In the absence of those adjustments, the company would have registered an EBITDA loss of 23 million reais, or 1.2% of revenues, in the fourth quarter, and of 143 million reais in the year, equivalent to 2.2% of revenues.

INCOME STATEMENT
Brazil Consolidated
Millions of R$
		4Q05		4Q04		Var.%		Jan - Dec 05		Jan - Dec 04		Var.%
Revenues		1,870		1,661		12.6%		6,549		5,254		24.6%
EBITDA		-88		-192		54.0%		-208		18		n.m.
%		-4.7%		-11.6%				-3.2%		0.3%
EBIT		-474		-545		13.0%		-1,686		-1,293		-30.5%
%		-25.4%		-32.8%				-25.8%		-24.6%

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Brazil's Operating Data
		4Q05		4Q04 *		Var. %
Subscribers (thousands)		18,659		13,657		36.6%
Postpaid		2,972		2,398		23.9%
Prepaid		15,687		11,259		39.3%
MOU		74		105		-29.0%
ARPU (R$)		23		28		-16.3%
Churn (%)		2.7%		3.1%		-0.4

Colombia

Subs more than double in '05

Comcel, our Colombian subsidiary, recorded the highest net subscriber additions among our subsidiaries in 2005, 8.0 million, which brought about a 2.4 times increase of its subscriber base in the year, to 13.8 million.

Revenues up 69%yoy

Revenues increased by 69.0% year-on-year to 3.3 trillion Colombian pesos, with fourth quarter revenues growing 10.6% sequentially and 67.7% annually. Despite the fast pace of subscriber growth, prepaid and postpaid MOUs increased sequentially in the fourth quarter (although blended MOUs remained roughly flat).

EBITDA rises 20% yoy

Comcel generated 621 billion Colombian pesos of EBITDA in 2005, 20.2% above the same period last year. Given the high level of gross additions that our Colombian subsidiary has generated this year (three times as many as in all of 2004) and the corresponding impact on subscriber acquisition costs, Comcel's EBITDA margin proved resilient, decreasing to 19.0% from 26.7% the previous year.

4Q05 EBITDA up 3pp yoy

Most remarkable, however, is the pick-up in the EBITDA margin in the fourth quarter. Despite generating its strongest level of subscriber growth ever, Comcel obtained an EBITDA margin of 23.3% in the quarter, which is 3 percentage points higher than the one registered in the same period of 2004.

INCOME STATEMENT
Colombia
Billion of COP$
		4Q05		4Q04		Var. %		Jan - Dec 05		Jan - Dec 04		Var. %
Revenues		977		583		67.7%		3,271		1,935		69.0%
EBITDA		227		118		93.3%		621		516		20.2%
%		23.3%		20.2%				19.0%		26.7%
EBIT		102		12		n.m.		181		108		68.3%
%		10.5%		2.0%				5.5%		5.6%

n.m. - not meaningful

Colombia's Operating Data
		4Q05		4Q04		Var. %
Subscribers (thousands)		13,775		5,814		136.9%
Postpaid		2,128		1,428		49.0%
Prepaid		11,647		4,386		165.6%
MOU		116		133		-12.8%
ARPU (COP$)		22,012		30,129		-26.9%
Churn (%)		1.7%		2.2%		-0.5

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Ecuador

76.3% yoy sub growth

Subscriber growth accelerated in 2005 in Ecuador. Our subsidiary Conecel saw its subscriber base grow by 76.3% year-over-year, to 4.1 million subscribers. Net additions of 1.8 million exceed last year's by more than one million subscribers. In the fourth quarter, Conecel registered a record number of net additions (545 thousand). It is worth noting that our post-paid client base has been growing at a faster pace than our prepaid subscriber base.

Revenue of USD 617 M in '05, ARPU up qoq

Conecel obtained 617 million dollars of revenues in 2005, which exceeded the previous year's by 62.8%. Of that amount, 193 million dollars were generated in the last quarter. Service revenue in that quarter outpaced the growth of the subscriber base, leading to a sequential pick-up in the blended ARPU of 4.3%. Minutes of use also increased in sequential terms, by 10.3%.

25.5% EBITDA margin in '05

EBITDA for the full-year reached 157 million dollars, up 21.7% from 2004, and the EBITDA margin came in at 25.5%. The decrease in the EBITDA margin relative to 2004 is a reflection of the strong subscriber growth observed in Ecuador this year, which resulted in greater subscriber acquisition costs. In the final quarter of the year, EBITDA reached 47 million dollars and was equivalent to 24.3% of revenues.

 

INCOME STATEMENT
Ecuador
Millions of US$
		4Q05		4Q04		Var. %		Jan - Dec 05		Jan - Dec 04		Var. %
Revenues		193		120		61.3%		617		379		62.8%
EBITDA		47		34		39.2%		157		129		21.7%
%		24.3%		28.1%				25.5%		34.1%
EBIT		34		21		58.3%		101		88		14.9%
%		17.5%		17.8%				16.4%		23.2%

Ecuador's Operating Data
		4Q05		4Q04		Var. %
Subscribers (thousands)		4,100		2,326		76.3%
Postpaid		389		204		90.5%
Prepaid		3,711		2,122		74.9%
MOU		46		52		-11.1%
ARPU (US$)		12		13		-7.5%
Churn (%)		3.1%		3.2%		-0.2

Peru

428 K new subs

Since taking control of the Peruvian operation late last August, it has obtained 428 thousand additional clients. The client base of our Peruvian operations was up 76.9% year-over-year and 22.2% quarter-over-quarter.

Revenues in the last four months of the year came in at 387 million Peruvian soles, 300 million of which were generated in the last quarter. EBITDA represented 27.5% of revenues over the four months referred to above.

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INCOME STATEMENT
Peru
Millions of P$
		4Q05		Sep - Dec 05
Revenues		300		387
EBITDA		86		106
%		28.7%		27.5%
EBIT		21		20
%		7.0%		5.3%

Peru’s Operating Data
		4Q05		4Q04		Var. %
Subscribers (thousands)		1,950		1,102		76.9%
Postpaid		237		169		40.7%
Prepaid		1,713		934		83.4%
MOU		81		90		-10.1%
ARPU (Sol)		45		59		-23.1%
Churn (%)		2.8%		2.5%		0.3

Central America

59.5%yoy sub growth

Our wireless subscriber base in Central America—comprising our operations in Guatemala, El Salvador, Honduras, and Nicaragua—grew 59.5% in 2005 to 3.9 million clients. In the fourth quarter, we had nearly half a million net additions, which represented 31.8% of the 1.5 million we had in the year as a whole. Together with 2.0 million fixed lines, our Central American operations had close to 6.0 million lines
at the end of the year.

Guatemala outpaced in absolute net adds

Honduras displayed the most rapid growth in relative terms (115.2% year-overyear) while Guatemala contributed the most subscribers in absolute terms (607 thousand).

Revenues of USD 1.3 Bn in '05

2005 revenues reached 1.3 billion dollars, having risen 24.5% in the year. Fourth quarter revenues were up 6.1% in the quarter and 15.4% year-over-year, to 362 million dollars.

USD 700 M in '05 EBITDA

Central America's EBITDA ended 2005 at 700 million dollars, 52.0% of total revenues. The EBITDA margin in the fourth quarter, 50.0%, was two percentage points higher than the one seen in the same period of 2004.

 

INCOME STATEMENT
Central America Consolidated
Millions of US$
		4Q05		4Q04		Var. %		Jan - Dec 05		Jan - Dec 04		Var. %
Revenues		362		314		15.4%		1,345		1,080		24.5%
EBITDA		181		150		20.6%		700		555		26.0%
%		50.0%		47.9%				52.0%		51.4%
EBIT		129		88		47.6%		468		345		35.5%
%		35.7%		27.9%				34.8%		32.0%

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Central America’sOperating Data (1)
		4Q05		4Q04		Var. %
Wireless Subscribers(thousands)		3,946		2,474		59.5%
Postpaid		297		230		29.1%
Prepaid		3,649		2,245		62.6%
Fixed Lines (thousands)		1,996		1,897		5.2%
Total Lines (Wireless+ Fixed, 000's)		5,942		4,371		35.9%
MOU(2)		165		176		-6.4%
ARPU (US$) (2)		12		16		-22.6%
Churn (%) (2)		0.7%		1.4%		-0.7

(1) Operating indicators group Guatemala, Nicaragua, El Salvador and Honduras data.
Historical data previously calculated on a weighted average basis has been made to conform to the new standard.
(2) Wireless data only.

 

United States

6.1M prepaid clients

Our subscriber base in the United States, all of it prepaid, increased almost 40% yearover- year to reach 6.1 million subscribers. The fourth quarter was notably strong, accounting for 58% of the net additions of the year, which totaled 1.7 million and exceeded the previous year's by 300 thousand subscribers.

USD 1 Bn in revenue in '05

Revenues rose 25.7% year-on-year, to nearly a billion dollars in 2005. Service revenues were the most dynamic component, expanding by 33.9%. In the fourth quarter, Tracfone generated 275 million dollars in revenue, 23.0% more than in the same period a year ago, which helped drive a 3.7% sequential increase in ARPU, with MOUs rising nearly 10.3% in the quarter.

EBITDA of USD 80 M in '05

Tracfone's 2005 EBITDA reached 80 million dollars, increasing 66.8% year-over-year, while margins climbed two percentage points, to 8.1% of revenues. Given the rapid pace of subscriber growth in the final quarter of the year, which impacted subscriber acquisition costs, Tracfone reported an EBITDA loss of 9.2% of revenues in the period.

INCOME STATEMENT
United States
Millions of US$
		4Q05		4Q04		Var. %		Jan - Dec 05		Jan - Dec 04		Var. %
Revenues		275		223		23.0%		990		787		25.7%
EBITDA		-25		2		n.m.		80		48		66.8%
%		-9.2%		1.0%				8.1%		6.1%
EBIT		-30		-2		n.m.		62		30		105.9%
%		-11.0%		-1.1%				6.3%		3.8%

United States’s Operating Data
		4Q05		4Q04		Var. %
Subscribers (thousands)		6,135		4,394		39.6%
MOU		66		61		9.2%
ARPU, Net (US$) *		14		14		1.4%
Churn (%)		4.8%		4.4%		0.3

 

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Glossary of Terms

ARPU – Average Revenue per User The ratio of service revenues in the period to the monthly average of wireless subscribers in the same period. Presented on a blended basis in local currency.

Capex – Accrued capital expenditures.

Churn - The ratio of wireless subscribers disconnected during the period to the beginning of period wireless subscribers

EBIT – Earnings Before Interest and Taxes, also known as Operating Profit.

EBIT Margin – The ratio of EBIT to Total Operating Revenue.

EBITDA – Earnings Before Interest ,Taxes, Depreciation, and Amortization.

EBITDA Margin – The ratio of EBITDA to Total Operating Revenue.

EDGE – Enhanced Data rates for GSM Evolution. EDGE enables data transmission at speeds up to 384 kbits/s within the existing GSM spectrum.

EPS (Mex$) – Earnings per share. Total earnings in constant mexican pesos divided by total shares outstanding.

Earnings per ADR (US$) – Total earnings in U.S. dollars divided by total ADRs equivalent.

Equity Subscribers – Subscribers weighted by the economic interest held in the each company.

GSM – Global System for Mobile communications. It is the world's leading and fastest growing mobile standard.

GPRS - General Packet Radio Service. GPRS implements packet switching within GSM, offering data speeds up to 115kbit/s for the transmission of internet based content and packet based data services.

Gross Additions - Total number of subscribers acquired during the period.

MOU – Minutes of Use per subscriber. The ratio of monthly wireless traffic divided by the monthly average wireless subscribers in the period. It is presented on a blended basis.

Net Subscriber Additions – The difference in the subscriber base from one period to another.

Net Debt – Total short and long term debt minus cash and marketable securities.

Net Debt / EBITDA – The ratio of total short and long term debt minus cash and securities to trailing 12-month income before interest, taxes, depreciation and amortization have been subtracted.

SMS – Short Message Service.

SAC - Subscriber Acquisition Cost. The sum of handset subsidies, marketing expenses and commissions to distributors. Handset subsidy is calculated as the difference between handset equipment cost and handset revenues.

Wireless Penetration – The ratio of total wireless subscribers in any given country divided by the total population in that country.

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Exchange Rates
		4Q05		4Q04		Var.%		Jan - Dec 05		Jan - Dec 04		Var.%
Mexico
EoP		10.71		11.26		-4.9%		10.71		11.26		-4.9%
Average		10.73		11.35		-5.4%		10.93		11.32		-3.5%
Brazil
EoP		2.34		2.65		-11.8%		2.34		2.65		-11.8%
Average		2.27		2.75		-17.5%		2.41		2.92		-17.3%
Argentina
EoP		3.03		2.98		1.8%		3.03		2.98		1.8%
Average		3.00		2.97		1.1%		2.93		2.94		-0.5%
Chile
EoP		513		556		-7.8%		512.50		555.75		-7.8%
Average		525		592		-11.3%		525.96		609.08		-13.6%
Colombia
EoP		2,284		2,390		-4.4%		2,284		2,390		-4.4%
Average		2,283		2,485		-8.1%		2,319		2,617		-11.4%
Guatemala
EoP		7.60		7.76		-2.0%		7.60		7.76		-2.0%
Average		7.62		7.77		1.9%		7.63		7.96		-4.1%
Honduras
EoP		19.03		18.90		0.7%		19.03		18.90		0.7%
Average		19.03		18.84		1.0%		19.02		18.51		2.7%
Nicaragua
EoP		17.15		16.33		5.0%		17.15		16.33		5.0%
Average		17.08		16.26		5.0%		16.77		16.20		3.5%
Peru
EoP		3.43		3.28		4.6%		3.43		3.28		4.6%
Average		3.41		3.30		3.2%		3.39		3.41		-0.5%
Paraguay
EoP		6,100		6,115		-0.2%		6,100		6,115		-0.2%
Average		6,127		6,073		0.9%		6,128		5,978		2.5%
Uruguay
EoP		24.17		26.43		-8.6%		24.17		26.43		-8.6%
Average		23.65		26.72		-11.5%		24.43		28.18		-13.3%

For further information please visit our website at:

http://www.americamovil.com

Legal Disclaimer

América Móvil, S.A. de C.V. (the “Company”) quarterly reports and all other written materials may from time to time 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 document or for any consequential, special or similar damages.

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