“AMX announces to the market”

Mexico City, Mexico, June 7, 2011 -- América Móvil, S.A.B. de C.V. (“AMX”) (BMV: AMX; NYSE: AMX; Nasdaq: AMOV; LATIBEX: XAMXL) announced today that the New York Court of Appeals unanimously resolved to reject the lawsuit filed in 2008 before the Supreme Court of Justice of the State of New York by Centro Empresarial Cempresa, S.A. and its affiliates, against América Móvil and certain subsidiaries and members of its Board of Directors, alleging, among others, breach of contract and fraud as a result of the acquisition of a majority interest in Porta, Ecuadorian subsidiary of América Móvil, through which the plaintiffs claimed the payment of nearly 1 billion dollars in damages. The aforesaid resolution issued by the New York Court of Appeals ends the lawsuit filed by the plaintiffs.

About AMX

AMX is the leading provider of wireless services in Latin America. As of March 31, 2011, it had 231 million wireless subscribers and 53 million fixed revenue generating units in the Americas.

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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.