“América Móvil announces a proposal for a forward stock split,

dividend payment and an increase in the amount to repurchase shares”

Mexico City, Mexico, March 15, 2011 -- América Móvil, S.A.B. de C.V. (“AMX”) (BMV: AMX; NYSE: AMX; Nasdaq: AMOV; LATIBEX: XAMXL) announced that in today’s meeting, its Board of Directors decided to submit to the Ordinary and Extraordinary General Shareholders’ Meetings to be held on or before April 30, 2011, a proposal to:

(i)            conduct a 2 for 1 forward stock split applicable to all shares that represent the capital stock of AMX; 

(ii)           make a payment of a cash dividend from the consolidated net profit tax account of MXP$0.36 (thirty six peso cents), payable in two installments, to each of the series of shares “AA”, “A" and "L" that represent the capital stock of AMX (which includes the preferred dividend correspondent to the series “L” shares), which amount shall be proportionally adjusted as a result of the resolutions to be taken with respect to the forward stock split aforesaid; and

(iii)          increase in MXP$50,000,000,000.00 (fifty billion pesos) the outstanding amount to repurchase shares in accordance with article 56 of the Securities Market Law (Ley del Mercado de Valores).

About AMX

AMX is the leading provider of wireless services in Latin America. As of December 31, 2010, it had 225 million wireless subscribers and 51.5 million fixed revenue generating units in the Americas.

Legal Disclaimer

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.