América Móvil (NYSE: AMX) ends ENTEL joint bid, may pursue Telefónica Chile assets alone

Rhea-AI Filing Summary

América Móvil reports that it has signed a termination agreement with Empresa Nacional de Telecomunicaciones (ENTEL) ending their earlier non-binding arrangement. That prior understanding, entered into on July 18, contemplated a possible joint offer to acquire certain assets and businesses related to Telefónica’s Chilean operation as part of a sale process initiated by Telefónica.

With the joint approach now discontinued, América Móvil states that it will explore potential participation in the Telefónica Chile sale process on an individual basis. The notice emphasizes that any expectations about future actions or outcomes are forward-looking and subject to various risks and uncertainties.

Insights

Telecom M&A and Latin America strategy analyst

América Móvil ends its joint Telefónica Chile bid with ENTEL but may still pursue assets alone.

América Móvil discloses that it has agreed with ENTEL to terminate a non-binding agreement for a potential joint offer for certain assets and businesses related to Telefónica’s Chilean operation. The earlier arrangement was only exploratory, so ending it mainly changes the potential structure of any future bid rather than confirming a transaction.

The company notes it will now explore possible participation in the sale process on an individual basis. This keeps strategic options open in Chile while removing a prospective local partner from the contemplated joint approach. Actual impact will depend on whether América Móvil ultimately decides to submit an individual offer in the Telefónica Chile process.

The communication also highlights standard forward-looking statement language, underscoring that management’s plans and expectations around this process may change due to risks and uncertainties. Investors can look to future disclosures for clarity on whether América Móvil moves from exploring options to pursuing a concrete transaction related to the Chilean assets.

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 December, 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____

 

“AMX and Entel Terminate Non-Binding Agreement”

Mexico City, Mexico, on December 3, 2025. América Móvil, S.A.B. de C.V. (“AMX”) [BMV: AMX] [NYSE: AMX], announces that today has entered into a termination agreement with Empresa Nacional de Telecomunicaciones S.A. (“ENTEL”) to terminate the non-binding agreement entered into on July 18, pursuant to which both companies were considering submitting a joint offer for the acquisition of certain assets and businesses related to Telefónica S.A. (“TEF”) Chilean operation according to the sale process initiated by TEF.

AMX will explore its potential participation in such process, individually.

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: December 3, 2025

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

FAQ

What did América Móvil (AMX) announce regarding its agreement with ENTEL?

América Móvil announced that it signed a termination agreement with Empresa Nacional de Telecomunicaciones (ENTEL) to end their non-binding agreement for a possible joint offer for certain assets and businesses related to Telefónica’s Chilean operation.

What was the purpose of the original non-binding agreement between AMX and ENTEL?

The original non-binding agreement, entered into on July 18, was for AMX and ENTEL to consider submitting a joint offer for the acquisition of certain assets and businesses related to Telefónica’s Chilean operation in connection with a sale process started by Telefónica.

Will América Móvil still consider participating in the Telefónica Chile asset sale?

Yes. América Móvil states that it will explore its potential participation in the Telefónica Chile sale process individually, rather than through the previously contemplated joint offer with ENTEL.

Does the termination mean there will be no acquisition by América Móvil?

No. The announcement only states that the non-binding joint agreement with ENTEL has been terminated. América Móvil indicates it will still explore potential participation in the Telefónica Chile sale process on its own.

Are there any binding commitments for América Móvil in relation to Telefónica’s Chilean assets?

Based on this disclosure, there are no binding commitments; the prior arrangement with ENTEL was explicitly described as non-binding, and América Móvil now says it will only explore potential individual participation in the sale process.

What forward-looking statement caution does América Móvil provide?

América Móvil explains that statements about its performance, business, and future events are forward-looking, identified by terms such as “believe,” “anticipate,” and “expect,” and that many factors could cause actual results to differ materially. The company disclaims any obligation to update such statements.