América Móvil, Entel eye Telefónica Chile assets

América Móvil filed a Form 6-K describing a non-binding agreement with Entel to explore a potential joint offer to acquire Telefónica’s Chilean assets.

Rhea-AI Filing Summary

América Móvil filed a Form 6-K describing a non-binding agreement with Entel to explore a potential joint offer to acquire Telefónica’s Chilean assets. Either party may still decide not to proceed, or to bid alone or together.

Any offer and transaction would require corporate approvals and compliance with sector and competition rules, including prior authorization from Chile’s National Economic Prosecutor’s Office. The companies say their interest is based on potential benefits for customers and Chilean consumers by strengthening telecom competition, investment in high-speed networks and more efficient use of assets.

Insights

Telecom M&A and regulatory analyst

Exploratory, non-binding step toward a possible Chilean asset deal.

América Móvil and Entel have signed a non-binding agreement to evaluate a potential joint offer for Telefónica’s Chile operations. At this stage, it is an exploratory framework rather than a committed transaction, and either party can still walk away or bid alone.

Any eventual deal would face multiple layers of approval, including internal corporate sign-offs and Chilean sector and competition review, with prior authorization from the National Economic Prosecutor’s Office. These regulatory hurdles could significantly shape deal structure, timing and feasibility.

The stated rationale focuses on potential benefits for customers through stronger competition, continued investment in high-speed networks and more efficient asset use in Chile. Subsequent disclosures would need to specify any actual offer terms, valuation and conditions before investors can gauge financial impact.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did América Móvil (AMX) announce in this Form 6-K?

América Móvil announced a non-binding agreement with Entel to explore a potential joint offer for Telefónica’s Chilean assets. The agreement is exploratory only, and any eventual transaction would depend on corporate approvals and regulatory authorizations in Chile, including competition review.

Is the agreement between América Móvil (AMX) and Entel legally binding?

The agreement is explicitly described as non-binding, meaning neither party is obligated to complete a transaction. América Móvil and Entel may choose not to submit an offer, or could decide to submit offers individually or jointly, subject to future approvals and conditions.

Which assets are América Móvil (AMX) and Entel evaluating a potential offer for?

América Móvil and Entel are jointly exploring a possible offer to acquire Telefónica S.A.’s Chilean assets. The filing does not detail specific business units, but frames the interest as focused on assets in Chile’s telecommunications sector operated by Telefónica.

What regulatory approvals would a potential América Móvil (AMX) and Entel transaction in Chile require?

Any potential transaction would require necessary corporate approvals and compliance with sectoral and competition regulations. It would also need prior authorization from Chile’s National Economic Prosecutor’s Office, which reviews competition aspects and can influence whether and how a deal proceeds.

Why are América Móvil (AMX) and Entel interested in Telefónica’s Chilean assets?

The companies cite potential benefits for clients and Chilean consumers, including stronger telecommunications competition. They highlight increased ability to invest in and compete on high-speed networks and coverage, and more efficient use of assets, which they view as important for Chile’s digitalization.

Does the América Móvil (AMX) filing specify financial terms for the potential acquisition?

The filing does not specify financial terms, valuation, or structure for any potential acquisition. It is limited to announcing a non-binding agreement to explore a possible offer, emphasizing that any transaction would depend on future corporate and regulatory approvals in Chile.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 6-K: How Foreign Companies Report to the SEC →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 10/07/2025 - 06:03 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

For the month of October, 2025

Commission File Number: 1-16269

AMÉRICA MÓVIL, S.A.B. DE C.V.

(Exact name of registrant as specified in its charter)

America Mobile

(Translation of Registrant´s name into English)

Lago Zurich 245
Plaza Carso / Edificio Telcel
Colonia Ampliación Granada 
Alcaldía Miguel Hidalgo,
11529, Mexico City, Mexico

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports
under cover Form 20-F or Form 40-F. 
Form 20-F ___X___ Form 40-F _______

Indicate by check mark if the Registrant is submitting this Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1):
Yes _______ No ___X____

Indicate by check mark if the Registrant is submitting this Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):
Yes _______ No ___X____

Indicate by check mark whether the registrant by furnishing the information contained in this Form 6-K is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____

“Non Binding Agreement between AMX and Entel”

México City, México, October 6, 2025, América Móvil, S.A.B. de C.V. (“AMX”) [BMV: AMX] [NYSE: AMX], and Empresa Nacional de Telecomunicaciones S.A. (“ENTEL”) signed a non-binding agreement to jointly explore a potential offer to acquire Telefónica S.A. Chilean assets. The parties may decide at any time not to submit an offer or submit an offer individually or jointly and, if they do so, any offer and potential transaction will be subject to obtaining the necessary corporate approvals; and to the regulatory standards and authorizations required under the applicable sectoral and competition rules, including the prior authorization of the National Economic Prosecutor's Office of the Republic of Chile (Fiscalía Nacional Económica de Chile).

The interest of both companies in jointly exploring their potential offer is based on the potential benefits that the transaction could generate for its clients and Chilean consumers in general, given that it would strengthen the telecommunications sector competitiveness, increasing the ability to continue investing and competing in high-speed networks and coverage, through a more efficient use of the involved assets, all of which is key to the country's digitalization.

About América Móvil: www.americamovil.com

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 press 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.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: October 7, 2025

AMÉRICA MÓVIL, S.A.B. DE C.V.
	By:	/S/ Alejandro Cantú Jiménez
	Name: Title:	Alejandro Cantú Jiménez Attorney-in-fact