América Móvil Acquires a Controlling Interest in ClaroVTR

Mexico City, Mexico and Denver, USA – October 31, 2024: América Móvil S.A.B. de C.V. (“América Móvil” or “AMX”) (BMV: AMX, NYSE: AMX) and Liberty Latin America Ltd. (“Liberty Latin America” or “LLA”) (NASDAQ: LILA and LILAK, OTC Link: LILAB) announce today that AMX has consolidated ClaroVTR into its ongoing operations through the conversion of all outstanding convertible notes held by AMX in ClaroVTR into equity, resulting in AMX holding a 91.62% majority interest. The transaction was recently approved by the National Economic Prosecutor’s Office of the Republic of Chile (Fiscalía Nacional Económica).

LLA will continue to own an 8.38% equity interest in ClaroVTR. The shareholders’ agreement entered into by AMX and LLA reflects a governance structure and terms according to such equity interests in ClaroVTR.

With this transaction, AMX consolidates its position as one of the leading telecommunication service providers in Chile by providing integrated worldclass offerings and positions itself to provide next generation services through its 5G network.