<SEC-DOCUMENT>0001292814-16-006916.txt : 20161214
<SEC-HEADER>0001292814-16-006916.hdr.sgml : 20161214
<ACCEPTANCE-DATETIME>20161214060448
ACCESSION NUMBER:		0001292814-16-006916
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20160930
FILED AS OF DATE:		20161214
DATE AS OF CHANGE:		20161214

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICA MOVIL SAB DE CV/
		CENTRAL INDEX KEY:			0001129137
		STANDARD INDUSTRIAL CLASSIFICATION:	TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			O5
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-16269
		FILM NUMBER:		162050237

	BUSINESS ADDRESS:	
		STREET 1:		LAGO ZURICH 245
		STREET 2:		COLONIA GRANADA AMPLIACION
		CITY:			MEXICO DF
		STATE:			O5
		ZIP:			11529
		BUSINESS PHONE:		5255-2581-4449

	MAIL ADDRESS:	
		STREET 1:		LAGO ZURICH 245
		STREET 2:		COLONIA GRANADA AMPLIACION
		CITY:			MEXICO DF
		STATE:			O5
		ZIP:			11529

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICA MOVIL SA DE CV/
		DATE OF NAME CHANGE:	20010119

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICA  MOBILE
		DATE OF NAME CHANGE:	20001221

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICAN MOBILE
		DATE OF NAME CHANGE:	20001215
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>amxpr3q16_6k.htm
<DESCRIPTION>PR 3Q16
<TEXT>

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   <TITLE>amxpr3q16_6k.htm - Generated by SEC Publisher for SEC Filing</TITLE>
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<DIV align=center><FONT color=#000000 size=4 face="Times New Roman"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>Washington, D.C. 20549 </B></FONT></DIV><BR>

<DIV align=center></DIV><BR>

<DIV align=center><FONT color=#000000 size=4 face="Times New Roman"><B>FORM 6-K </B></FONT></DIV><BR>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman">Report of Foreign Private Issuer<BR>Pursuant to Rule 13a-16 or 15d-16 of the</FONT></DIV>

<DIV align=center><FONT color=#000000 size=3 face="Times New Roman">Securities Excha</FONT><FONT color=#000000 size=3 face="Times New Roman">nge Act of 1934</FONT></DIV>

<DIV>&nbsp;</DIV>

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<DIV><FONT color=#000000 size=3 face="Times New Roman"><B>For the month of&nbsp;December, 2016</B></FONT></DIV><FONT color=#000000 size=3 face="Times New Roman"><B><BR></B></FONT><FONT color=#000000 size=3 face="Times New Roman"><B>Commission File Number: 1-16269 </B></FONT></DIV>

<DIV>&nbsp;</DIV>

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<DIV align=center><FONT color=#000000 size=4 face="Times New Roman"><B>AM&#201;RICA M&#211;VIL, S.A.B. DE C.V. </B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">(Exact name of registrant as specified in its charter) </FONT></DIV>

<DIV align=center><FONT color=#000000 size=4 face="Times New Roman"><B>America Mobile</B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">(Translation of Registrant&#180;s name into English) </FONT></DIV>

<DIV>&nbsp;</DIV>

<DIV align=center></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman"><B>Lago Zurich 245<BR>Plaza Carso / Edificio Telcel<BR>Colonia Granada Ampliaci&#243;n&nbsp;<BR>11529 Mexico, D.F., Mexico<BR></B></FONT></DIV>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">(Address of principal executive office)</FONT></DIV>

<DIV>&nbsp;</DIV>

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<P></P>

<P></P>

<DIV align=center><FONT color=#000000 size=2 face="Times New Roman">Indicate by check mark whether the registrant files or will file annual reports<BR>under cover Form 20-F or Form 40-F.&nbsp;<BR>Form 20-F ___X___ Form 40-F _______ </FONT>

<P><FONT size=2 face="Times New Roman, Times, Serif">Indicate by check mark if the Registrant is submitting this Form 6-K in paper as<BR>permitted by Regulation S-T Rule 101(b)(1):<BR>Yes _______ No ___X____<BR><BR>Indicate by check mark if the Registrant is submitting this Form 6-K in paper as<BR>permitted by Regulation S-T Rule 101(b)(7):<BR>Yes _______ No ___X____<BR><BR>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<BR>Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.<BR>Yes _______ No ___X____ </FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 13.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=#0085a9 face=Asap>Am&#233;rica M&#243;vil&#8217;s third quarter of <BR>2016 financial and operating report</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 7pt" color=#5e5e5e face=Asap>Mexico City, October 27, 2016 - Am&#233;rica M&#243;vil, S.A.B. de C.V. (&#8220;Am&#233;rica M&#243;vil&#8221;) [BMV: AMX] [NYSE: AMX] [NASDAQ: AMOV] [LATIBEX: XAMXL], announced today its financial and operating results for the third quarter of 2016.&nbsp;</FONT></I></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>We ended September with 366 million access lines, 0.5% less than a year before. This figure includes 284 million wireless subscribers, 34 million landlines, 27 million broadband accesses and 22 million Pay TV units.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>On the mobile platform, we added 750 thousand postpaid subs in the third quarter. Our postpaid base was up 5.7% from the year before whereas the prepaid one was down 3.5%. On the fixed line platform, RGUs were up 3.1% year-on-year, driven by broadband accesses that were up 8.3%.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Third quarter revenues totaled 250 billion pesos. They were up 11.8% year-on-year in Mexican peso terms and 3.1% at constant exchange rates. Service revenues were flat relative to the year-earlier quarter at constant exchange rates, which was an improvement of two percentage points relative to the year-on-year decline posted in the second quarter.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>EBITDA improved 1.5% annually in Mexican peso terms, to 67.7 billion pesos. At constant exchange rates EBITDA was down 5.4%; it was nevertheless a significant recovery relative to the 13.2% reduction observed the prior quarter.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Our operating profits were 30 billion pesos in the quarter. With comprehensive financing costs of 24.7 billion pesos, our net income totaled 2.1 billion pesos in the quarter, up from a 2.9 billion pesos loss a year before.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>In the nine months to September we made capital expenditures in the amount of 100.5 billion pesos, reduced our net debt by 19.0 billion pesos and distributed to shareholders 9.6 billion pesos in dividends and share buybacks. These outlays were funded with our cash flow, the unwinding of certain currency hedges, distributions received from our investments in Europe and the sale of a part of our stake in Telekom Austria.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Our gross debt has come down by the equivalent of 3.5 billion dollars since December; our dollar-denominated obligations in particular were reduced by 4.3 billion dollars in the period. Our ratio of net debt to LTM EBITDA came in at 2.2x and was similar to the one of the second quarter.&nbsp;</FONT></P>

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<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="100%" colSpan=4 noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 14pt; COLOR: #0085a9" face="book antiqua">Am&#233;rica M&#243;vil&#8217;s Subsidiaries as of September 2016</FONT></P></TD></TR>

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   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="TEXT-ALIGN: left; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 11pt; COLOR: #0085a9" color=#000000 face="book antiqua">Country</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt; COLOR: #0085a9" color=#000000 face="book antiqua">Brand</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt; COLOR: #0085a9" color=#000000 face="book antiqua">Business</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=center><FONT style="FONT-SIZE: 11pt; COLOR: #0085a9" color=#000000 face="book antiqua">Equity <BR>Participation</FONT></P></TD></TR>

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   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Mexico</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Telcel</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">wireless</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">100<FONT style="FONT-SIZE: 11pt" face="Book Antiqua">.</FONT>0%</FONT></P></TD></TR>

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   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Telmex</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">wireline</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">98.7%</FONT></P></TD></TR>

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   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Secci&#243;n Amarilla<SUP>(1)</SUP></FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">other</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">98.4%</FONT></P></TD></TR>

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   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Telvista </FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">other</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">89.4%</FONT></P></TD></TR>

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   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Argentina</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Claro</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">wireless</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">100.0%</FONT></P></TD></TR>

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   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Telmex</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">wireline</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">99.7%</FONT></P></TD></TR>

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   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Brazil</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Claro</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">wireless/wireline</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">97.6%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Chile</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Claro</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">wireless</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">100.0%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Telmex<SUP>(1)</SUP></FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">wireline</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">100.0%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Colombia</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Claro</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">wireless</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">99.4%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Telmex</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">wireline</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">99.3%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Costa Rica</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Claro</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">wireless</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">100.0%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Dominicana</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Claro</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">wireless/wireline</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">100.0%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Ecuador</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Claro</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">wireless</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">100.0%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Telmex<SUP>(1)</SUP></FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">wireline</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">98.4%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">El Salvador</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Claro</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">wireless/wireline</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">95.8%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Guatemala</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Claro</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">wireless/wireline</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">99.3%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Honduras</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Claro</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">wireless/wireline</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">100.0%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Nicaragua</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Claro</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">wireless/wireline</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">99.6%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Panama</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Claro</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">wireless/wireline</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">100.0%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Paraguay</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Claro</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">wireless/wireline</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">100.0%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Peru</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Claro</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">wireless/wireline</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">100.0%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Puerto Rico</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Claro</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">wireless/wireline</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">100.0%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Uruguay</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Claro</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">wireless/wireline</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">100.0%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">USA</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Tracfone</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">wireless</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">100.0%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Netherlands</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">KPN</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">wireless/wireline</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">21.1%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Austria</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Telekom Austria</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=left>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=left><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">wireless/wireline</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="25%" noWrap align=right>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">51.0%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; PADDING-BOTTOM: 0cm; PADDING-TOP: 0cm; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="100%" colSpan=4>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" color=#000000 face="book antiqua"></FONT>&nbsp;</P><FONT style="COLOR: #808080"></FONT>

   <P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 7pt; COLOR: #808080" color=#000000 face="book antiqua">(1) Equity Participation of Telmex Internacional of which Am&#233;rica M&#243;vil owns 97.85%. </FONT></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 10pt; LINE-HEIGHT: 115%">&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap>Relevant Events</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>In July we sold 58 million shares of Telekom Austria, bringing down our ownership interest of the company to 51% from 59.7%. This had been agreed with the Austrian Government in the Syndicate Agreement subscribed in 2014.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>We covered the Olympic Games in Rio through our platforms Claro Video and Claro Sports. Other than in Brazil, where it was not exclusive, we had the exclusive rights to transmit the Games throughout Latin America on all platforms, including open broadcast, cable and streaming. Altogether we transmitted 903 events in 16 countries, which entailed 780 million minutes. It was therefore the most accessible and better connected event in Latin America.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>On October 6, 2016, a Shareholders&#8217; Meeting approved a scrip dividend of MXP $0.14 (Fourteen Mexican Pesos cents), per share, payable on November 14, 2016. At their election, the shareholders will receive said dividend in either cash or in shares (series &#8220;L&#8221; shares), or in a combination thereof.</FONT></P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

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<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom colSpan=3 noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 14pt; COLOR: #0085a9" face="book antiqua">Am&#233;rica M&#243;vil Fundamentals</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 10pt" face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom noWrap align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt; COLOR: #0085a9" face="book antiqua">3Q16</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom noWrap align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt; COLOR: #0085a9" face="book antiqua">3Q15</FONT></B></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" face="book antiqua">Earnings per Share (Mex$) <SUP>(1)</SUP></FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>0.03</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>-0.04</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" face="book antiqua">Earning per ADR (US$) <SUP>(2)</SUP></FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>0.03</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>-0.05</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" face="book antiqua">EBITDA per Share (Mex$) <SUP>(3)</SUP></FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>1.03</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>1.00</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" face="book antiqua">EBITDA per ADR (US$)</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>1.10</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>1.22</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="book antiqua">Net Income (millions of Mex$)</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>2,123</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>-2,884</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" face="book antiqua">Average Shares Outstanding (billion) </FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>65.51</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>66.45</FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt">

   <TD style="HEIGHT: 11.25pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=top rowSpan=3 colSpan=3>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt; COLOR: #808080" face="book antiqua"><EM>(1) Net Income / Average Shares outstanding </EM></FONT></P><FONT style="COLOR: #808080">

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt" face="book antiqua"><EM>(2) 20 shares per ADR </EM></FONT></P></FONT>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 8pt; COLOR: #808080" face="book antiqua"><EM>(3) EBITDA/ Average Shares Outstanding</EM></FONT></P></TD></TR>

<TR style="HEIGHT: 11.25pt"></TR>

<TR style="HEIGHT: 11.25pt"></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 10pt; LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap>Access Lines</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>We had a total of 366.2 million access lines at the end of September, 0.5% below the same period of last year. This figure includes 283.9 million wireless subscribers, 33.7 million landlines, 26.5 million broadband accesses and 22.0 million Pay TV units.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap>Wireless Subscribers</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>We finished September with 284 million wireless subscribers, including 1.2 million prepaid subs that TracFone acquired from T-Mobile in August. We added 750 thousand postpaid clients&#8212;334 thousand from Brazil, 168 thousand from Mexico and 141 thousand from Colombia&#8212;and, excluding the subscribers coming from T-Mobile, disconnected 881 thousand prepaid subs. Our postpaid subscriber base expanded 5.7% year-on-year.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>The best performing operations in terms of overall subscriber growth were Chile and the Argentinean block, reflecting increases of 5.7% and 5.1%, respectively, with our client base in the Central American block up 5.0%.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="100%" colSpan=6 noWrap>

   <P style="MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt"><FONT lang=EN-US style="FONT-SIZE: 14pt; COLOR: #0085a9" color=#000000 face="book antiqua">Wireless Subscribers as of September 2016</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=center><FONT style="FONT-SIZE: 11pt" face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" vAlign=bottom width="50%" colSpan=5 noWrap align=center>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=center><FONT style="FONT-SIZE: 11pt" face="book antiqua">Total<SUP>(1)</SUP> (Thousands)</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua"><STRONG>Country</STRONG></FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap align=right>

   <P style="MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt; COLOR: #0085a9" color=#000000 face="book antiqua">Sep&#8217;16</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap align=right>

   <P style="MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt; COLOR: #0085a9" color=#000000 face="book antiqua">Jun&#8217;16</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap align=right>

   <P style="MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt; COLOR: #0085a9" color=#000000 face="book antiqua">Var.%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap align=right>

   <P style="MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt; COLOR: #0085a9" color=#000000 face="book antiqua">Sep&#8217;15</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="10%" noWrap align=right>

   <P style="MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt; COLOR: #0085a9" color=#000000 face="book antiqua">Var.%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Argentina, Paraguay and Uruguay</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">23,204</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">22,976</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">1.0%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">22,075</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">5.1%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Austria &amp; CEE</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">20,732</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">20,482</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">1.2%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">20,192</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">2.7%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Brazil</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">63,519</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">64,264</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">-1.2%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">70,353</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">-9.7%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Central America</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">15,880</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">15,773</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">0.7%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">15,120</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">5.0%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Caribbean</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">5,426</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">5,373</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">1.0%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">5,225</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">3.8%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Chile</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">6,500</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">6,476</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">0.4%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">6,152</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">5.7%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Colombia</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">28,489</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">28,260</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">0.8%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">28,931</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">-1.5%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Ecuador</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">8,915</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">8,864</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">0.6%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">9,273</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">-3.9%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Mexico</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">72,740</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">73,108</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">-0.5%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">72,994</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">-0.3%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">Peru</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">12,029</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">11,954</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">0.6%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">12,354</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">-2.6%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt"><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">USA</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">26,486</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">25,321</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">4.6%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">25,726</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><FONT style="FONT-SIZE: 11pt" color=#000000 face="book antiqua">3.0%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="50%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt"><FONT style="FONT-SIZE: 11pt; COLOR: #0085a9" color=#000000 face="book antiqua"><STRONG>Total Wireless Lines</STRONG></FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><B><FONT style="FONT-SIZE: 11pt; COLOR: #0085a9" color=#000000 face="book antiqua">283,920</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><B><FONT style="FONT-SIZE: 11pt; COLOR: #0085a9" color=#000000 face="book antiqua">282,851</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><B><FONT style="FONT-SIZE: 11pt; COLOR: #0085a9" color=#000000 face="book antiqua">0.40%</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><B><FONT style="FONT-SIZE: 11pt; COLOR: #0085a9" color=#000000 face="book antiqua">288,395</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="10%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt" align=right><B><FONT style="FONT-SIZE: 11pt; COLOR: #0085a9" color=#000000 face="book antiqua">-1.6%</FONT></B></P></TD></TR>

<TR style="HEIGHT: 12pt">

   <TD style="HEIGHT: 12pt; BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom rowSpan=2 width="100%" colSpan=6>

   <P style="MARGIN: 0in 0in 0pt 35.4pt; LINE-HEIGHT: normal; TEXT-INDENT: -35.4pt"><FONT lang=EN-US style="FONT-SIZE: 7pt; COLOR: #808080" face="book antiqua"><EM>(1) Includes total subscribers of all companies in which Am&#233;rica M&#243;vil holds an economic interest; does not consider the date in which the companies started being consolidated.</EM></FONT></P></TD></TR>

<TR style="HEIGHT: 12pt"></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 10pt; LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap>Fixed Revenue Generating Units</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>After adding 628 thousand new fixed-RGUs, we had a total of 82.3 million fixed units, 3.1% more than the prior year. The increase was mainly driven by broadband that increased 8.3% over the year after connecting 505 thousand new accesses. PayTV topped 22 million units, having risen 2.1% year-on-year due to an expansion of the operations in Central America, the Caribbean and Europe. The number of landlines remained practically unchanged at 33.7 million.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Brazil is our largest operation with nearly 37 million fixed accesses, up 0.6% year-on-year, with broadband accesses expanding 7.1%. In Mexico we ended the quarter with 21.9 million fixed RGUs including just over 9 million broadband connections, 3.8% more than a year before. Colombia continued to increase its fixed base, which was up 8.2% annually, and had 6.2 million RGUs. Peru and Central America were our fastest growing operations, at 10.2% and 8.7%, respectively.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="100%" colSpan=6>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 14pt; COLOR: #0085a9" face="book antiqua">Fixed-Line and Other Accesses (RGUs) as of September 2016</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="36%" noWrap>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="book antiqua">&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" vAlign=bottom width="64%" colSpan=5 noWrap align=center>

   <P style="TEXT-ALIGN: center; MARGIN: 0in 0in 0pt" align=center><FONT style="FONT-SIZE: 10pt" face="book antiqua">Total<SUP>(1)</SUP> </FONT><FONT style="FONT-SIZE: 10pt" face="book antiqua">(Thousands) </FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="36%">

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" face="book antiqua">Country</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 11pt; COLOR: #0085a9" color=#000000 face="book antiqua">Sep&#8217;16</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 11pt; COLOR: #0085a9" color=#000000 face="book antiqua">Jun&#8217;16</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 11pt; COLOR: #0085a9" color=#000000 face="book antiqua">Var.%</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="13%" noWrap align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 11pt; COLOR: #0085a9" color=#000000 face="book antiqua">Sep&#8217;15</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="12%" noWrap align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 11pt; COLOR: #0085a9" color=#000000 face="book antiqua">Var.%</FONT></B></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="36%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" face="book antiqua">Argentina, Paraguay and Uruguay</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>603</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>588</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>2.4%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>579</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>4.2%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="36%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" face="book antiqua">Austria &amp; CEE</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>5,607</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>5,609</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>0.0%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>4,769</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>17.6%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="36%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" face="book antiqua">Brazil</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>36,983</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>36,809</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>0.5%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>36,766</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>0.6%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="36%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" face="book antiqua">Central America</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>5,273</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>5,183</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>1.8%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>4,851</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>8.7%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="36%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" face="book antiqua">Caribbean</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>2,633</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>2,601</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>1.2%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>2,471</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>6.5%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="36%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" face="book antiqua">Chile</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>1,304</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>1,283</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>1.7%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>1,232</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>5.8%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="36%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" face="book antiqua">Colombia</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>6,187</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>6,055</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>2.2%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>5,719</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>8.2%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="36%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" face="book antiqua">Ecuador</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>353</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>354</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>-0.4%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>374</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>-5.7%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="36%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" face="book antiqua">Mexico</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>21,884</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>21,722</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>0.7%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>21,709</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>0.8%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="36%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt" face="book antiqua">Peru</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>1,480</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>1,475</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>0.3%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>1,343</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" color=#000000 face=bookantiqua>10.2%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="36%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 11pt; COLOR: #0085a9" face="book antiqua"><STRONG>Total RGUs</STRONG></FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt; COLOR: #0085a9" color=#000000 face=bookantiqua-bold><STRONG>82,307</STRONG></FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt; COLOR: #0085a9" color=#000000 face=bookantiqua-bold><STRONG>81,679</STRONG></FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt; COLOR: #0085a9" color=#000000 face=bookantiqua-bold><STRONG>0.8%</STRONG></FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="13%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt; COLOR: #0085a9" color=#000000 face=bookantiqua-bold><STRONG>79,815</STRONG></FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="12%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt; COLOR: #0085a9" color=#000000 face=bookantiqua-bold><STRONG>3.1%</STRONG></FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="100%" colSpan=6>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><I><FONT lang=EN-US style="FONT-SIZE: 8pt; COLOR: #808080" face="book antiqua">(1) Fixed Line, Broadband and Pay TV (Cable &amp; DTH)</FONT></I></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 10pt; LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap>Am&#233;rica M&#243;vil Consolidated Results</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Throughout the third quarter economic activity showed signs of renewed strength in some of the major Latin American markets, including Mexico and Brazil, and financial flows in the international capital markets remained fairly stable. As there were no imminent threats of an increase in rates by the FED&#8212;the earliest move would have been in mid-September&#8212;bond issuance throughout the summer holidays took place at un-seasonally high levels. Latam currencies traded within narrow ranges with the notable exception of the Mexican peso that since the prior quarter had developed an increasingly negative correlation with the U.S. election. As these appeared to increase throughout September, the Mexican peso plummeted vs. the dollar, going from 18.3 pesos to the dollar at the end of June to nearly 20 pesos to the dollar towards the end of September. As of the day of this report, the dollar was trading at 18.8 pesos per dollar.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Our third quarter revenues totaled 250 billion pesos: they were up 11.8% in Mexican peso terms and 3.1% at constant exchange rates from the year-earlier quarter. Service revenues were practically flat year-on-year at constant exchange rates, which represents a 2 percentage-point improvement with respect to the annual growth rate observed in the second quarter. The main factor behind the improvement was the renewed dynamism of mobile data revenues, whose year-on-year rate of growth rose from 4.1% in the second quarter to 7.7% in the third. Fixed-broadband revenues expanded at a slightly faster pace, 8.8% vs. 7.9%, whereas PayTV revenues maintained their trend at 6.1%. Voice revenues&#8212;both fixed and mobile&#8212;declined somewhat less rapidly in the third than in the second quarter. &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>From a regional perspective, the sequential improvement in the annual rate of growth was 1.5 percentage points in each of the South American and European blocks, 0.7 percentage points in the Caribbean and 0.5 percentage points in Mexico; only the Central American block registered somewhat slower service revenue growth, 4.4% in the third vs. 5.1% in the second quarter.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>The stronger revenue base brought about a marked increase in EBITDA. In Mexican peso terms it rose 11.1% sequentially and 1.5% on a year-on-year basis, to 67.7 billion pesos. At constant exchange rates EBITDA, while still down year-on-year 5.4%, exhibited a notable recovery from the 13.2% decline posted the prior quarter; an improvement of nearly 8 percentage points. With only two exceptions, EBITDA margins were up or stayed flat across the board. The median EBITDA margin of our operations rose from 31.9% in the second quarter to 33.2% in the third.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Whereas our third quarter operating profits, 30 billion pesos, were still 14.5% below those of the prior year, on a sequential basis they jumped 16.7% buoyed by the EBITDA increase.&nbsp; Our comprehensive financing costs totaled 24.7 billion pesos, including a foreign exchange loss of 10.4 billion pesos, 12.4% lower than that of the prior quarter and 77.0% below that of the year-earlier quarter.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Our net income totaled 2.1 billion pesos in the quarter and was equivalent to 3 peso cents per share or 3 dollar cents per ADR.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>In the nine months to September our cash flow, as well as the unwinding of certain currency hedges, allowed us to fund capital expenditures in the amount of 100.5 billion pesos and reduce net debt by 19.0 billion pesos. In addition to these, we distributed a net amount of 9.6 billion in dividends and share buybacks, which were partly funded by distributions received from our investments in Europe and the sale of part of our stake in Telekom Austria.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>It is important to note that our gross debt has come down by the equivalent of 3.5 billion dollars since December. Our dollar-denominated obligations were reduced by 4.3 billion dollars in the period, including the amortization in September of two bond issues with a face value of 2.7 billion dollars. Considering the equity credit given to our hybrid bond issues and the market value of our currency derivatives, our ratio of net debt to LTM EBITDA came in at 2.2x, similar to the one of the second quarter.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

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<TR>

   <TD width="41%"></TD>

   <TD width="10%"></TD>

   <TD width="9%"></TD>

   <TD width="8%"></TD>

   <TD width="10%"></TD>

   <TD width="10%"></TD>

   <TD width="7%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" colSpan=7 align=left><FONT style="FONT-SIZE: 10pt" color=#0085a9 face=Asap>Am&#233;rica M&#243;vil&#8217;s Income Statement (IFRS) </FONT><FONT style="FONT-SIZE: 10pt" color=#4d4d4d face=Asap>Millions of Mexican pesos</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left><FONT style="FONT-SIZE: 10pt">&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" color=#0085a9 face=Asap>3Q16</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" color=#0085a9 face=Asap>3Q15</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" color=#0085a9 face=Asap>Var.%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" color=#0085a9 face=Asap>Jan-Sep 16</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" color=#0085a9 face=Asap>Jan-Sep 15</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" color=#0085a9 face=Asap>Var.%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT style="FONT-SIZE: 10pt" face=Asap>Service Revenues</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>214,261</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>196,324</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>9.1%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>608,372</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>583,588</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>4.2%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT style="FONT-SIZE: 10pt" face=Asap>Equipment Revenues</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>35,449</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>27,110</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>30.8%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>97,706</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>79,718</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>22.6%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>Total Revenues</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>249,710</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>223,435</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>11.8%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>706,078</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>663,306</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>6.4%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT style="FONT-SIZE: 10pt" face=Asap>Cost of Service</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>80,948</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>70,730</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>14.4%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>228,538</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>205,434</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>11.2%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT style="FONT-SIZE: 10pt" face=Asap>Cost of Equipment</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>41,853</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>34,144</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>22.6%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>119,337</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>102,343</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>16.6%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT style="FONT-SIZE: 10pt" face=Asap>Selling, General &amp; Administrative Expenses</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>57,961</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>49,636</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>16.8%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>163,366</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>146,708</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>11.4%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT style="FONT-SIZE: 10pt" face=Asap>Others</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>1,218</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>2,170</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>-43.9%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>4,390</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>5,503</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>-20.2%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>Total Costs and Expenses</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>181,981</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>156,680</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>16.1%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>515,632</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>459,988</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>12.1%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>EBITDA</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>67,729</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>66,755</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>1.5%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>190,446</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>203,318</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>-6.3%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT style="FONT-SIZE: 10pt" face=Asap>% of Total Revenues</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>27.1%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>29.9%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left><FONT style="FONT-SIZE: 10pt">&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>27.0%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>30.7%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left><FONT style="FONT-SIZE: 10pt">&nbsp; </FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT style="FONT-SIZE: 10pt" face=Asap>Depreciation &amp; Amortization</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>37,671</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>31,593</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>19.2%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>106,588</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>94,126</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>13.2%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>EBIT</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>30,058</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>35,162</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>-14.5%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>83,858</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>109,192</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>-23.2%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT style="FONT-SIZE: 10pt" face=Asap>% of Total Revenues</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>12.0%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>15.7%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left><FONT style="FONT-SIZE: 10pt">&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>11.9%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>16.5%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left><FONT style="FONT-SIZE: 10pt">&nbsp; </FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT style="FONT-SIZE: 10pt" face=Asap>Net Interest Expense</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>8,016</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>6,991</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>14.7%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>22,204</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>18,903</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>17.5%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT style="FONT-SIZE: 10pt" face=Asap>Other Financial Expenses</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>6,371</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>-13,220</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>148.2%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>11,887</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>-20,707</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>157.4%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT style="FONT-SIZE: 10pt" face=Asap>Foreign Exchange Loss</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>10,355</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>45,105</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>-77.0%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>24,020</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>75,873</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>-68.3%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>Comprehensive Financing Cost (Income)</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>24,742</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>38,875</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>-36.4%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>58,111</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>74,069</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>-21.5%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT style="FONT-SIZE: 10pt" face=Asap>Income &amp; Deferred Taxes</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>1,975</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>-1,618</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>222.0%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>8,745</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>12,887</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>-32.1%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>

   <P style="MARGIN-LEFT: 9pt"><FONT style="FONT-SIZE: 10pt" face=Asap>Net Income before Minority</FONT><FONT style="FONT-SIZE: 10pt"><BR><FONT face=Asap>Interest and Equity Participation in Results</FONT><BR><FONT face=Asap>of Affiliates</FONT>&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" vAlign=middle align=right><FONT style="FONT-SIZE: 10pt" face=Asap>3,341</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" vAlign=middle align=right><FONT style="FONT-SIZE: 10pt" face=Asap>-2,094</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" vAlign=middle align=right><FONT style="FONT-SIZE: 10pt" face=Asap>259.5%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" vAlign=middle align=right><FONT style="FONT-SIZE: 10pt" face=Asap>17,002</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" vAlign=middle align=right><FONT style="FONT-SIZE: 10pt" face=Asap>22,236</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" vAlign=middle align=right><FONT style="FONT-SIZE: 10pt" face=Asap>-23.5%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT style="FONT-SIZE: 10pt" face=Asap>Equity Participation in Results of Affiliates</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>65</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>-22</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>n.m.</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>135</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>-1,410</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>109.6%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT style="FONT-SIZE: 10pt" face=Asap>Minority Interest</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>-1,283</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>-768</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>-67.0%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>-2,515</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>-1,434</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT style="FONT-SIZE: 10pt" face=Asap>-75.4%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>Net Income</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>2,123</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>-2,884</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>173.6%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>14,622</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>19,392</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><STRONG><FONT style="FONT-SIZE: 10pt" color=#007399 face=Asap>-24.6%</FONT><FONT style="FONT-SIZE: 10pt">&nbsp;</FONT></STRONG></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" colSpan=7 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>n.m. Not meaningful</FONT></I></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

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<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="100%" colSpan=8 noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT lang=EN-US style="FONT-SIZE: 9pt" color=#0085a9 face="book antiqua">Balance Sheet (in accordance with IFRS) - </FONT><FONT style="FONT-SIZE: 9pt" color=#0085a9 face="book antiqua">Am&#233;rica M&#243;vil Consolidated </FONT><FONT style="FONT-SIZE: 9pt" color=#808080 face="book antiqua">Millions of Mexican Pesos</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="23%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="10%" noWrap align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#0085a9 face="book antiqua">Sep'16</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#0085a9 face="book antiqua">Dic'15</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#0085a9 face="book antiqua">Var.%</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="26%" noWrap align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#0085a9 face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="9%" noWrap align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#0085a9 face="book antiqua">Sep'16</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#0085a9 face="book antiqua">Dic'15</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#0085a9 face="book antiqua">Var.%</FONT></B></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="23%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="10%">

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=bookantiqua-bolditalic></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=bookantiqua-bolditalic></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=bookantiqua-bolditalic></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="26%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><FONT face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="9%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face="book antiqua"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="23%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><I><FONT style="FONT-SIZE: 9pt" face="book antiqua">Current Assets</FONT></I></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="10%">

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=bookantiqua-bolditalic></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=bookantiqua-bolditalic></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=bookantiqua-bolditalic></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="26%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><B><I><FONT style="FONT-SIZE: 9pt" face="book antiqua">Current Liabilities</FONT></I></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="9%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face="book antiqua"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="23%">

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 9pt" face="book antiqua">Cash, Marketable Securities &amp; Other Short Term Ivestments</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>75,170</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>101,508</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>-25.9%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="26%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face="book antiqua">Short Term Debt*</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>79,168</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>119,590</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>-33.8%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="23%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face="book antiqua">Accounts Receivable</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>197,381</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>196,123</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>0.6%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="26%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face="book antiqua">Accounts Payable</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>293,518</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>249,632</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>17.6%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="23%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face="book antiqua">Other Current Assets</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>23,145</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>18,124</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>27.7%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="26%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face="book antiqua">Other Current Liabilities</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>64,270</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>56,313</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>14.1%</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="23%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face="book antiqua">Inventories</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>40,355</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>35,577</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>13.4%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="26%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><FONT face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#0085a9 face=bookantiqua>436,955</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#0085a9 face=bookantiqua>425,535</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#0085a9 face=bookantiqua>2.7%</FONT></B></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="23%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#0085a9 face=bookantiqua>336,050</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#0085a9 face=bookantiqua>351,332</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#0085a9 face=bookantiqua>-4.3%</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="26%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><FONT face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face="book antiqua"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="23%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=Calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="10%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=Calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=Calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=Calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="26%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><FONT face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face="book antiqua"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="23%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><I><FONT style="FONT-SIZE: 9pt" face="book antiqua">Non Current Assets</FONT></I></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="10%">

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=bookantiqua-bolditalic></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=bookantiqua-bolditalic></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=bookantiqua-bolditalic></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="26%" noWrap><FONT style="FONT-SIZE: 14pt" face="book antiqua">

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><B><I><FONT style="FONT-SIZE: 9pt" face="book antiqua">Non Current Liabilities</FONT></I></B></P></FONT></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="9%" noWrap><FONT face="book antiqua">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#000000 face=bookantiqua></FONT>&nbsp;</P></FONT></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap><FONT face="book antiqua">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#000000 face=bookantiqua></FONT>&nbsp;</P></FONT></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap><FONT face="book antiqua">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#000000 face=bookantiqua></FONT>&nbsp;</P></FONT></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="23%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face="book antiqua">Plant &amp; Equipment</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>663,037</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>573,529</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>15.6%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="26%" noWrap><FONT style="FONT-SIZE: 14pt" face="book antiqua">

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face="book antiqua">Long Term Debt</FONT></B></P></FONT></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="9%" noWrap><FONT style="FONT-SIZE: 14pt" face="book antiqua"><FONT style="FONT-SIZE: 14pt" color=#000000 face=bookantiqua>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>626,061</FONT></P></FONT></FONT></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap><FONT style="FONT-SIZE: 14pt" face="book antiqua"><FONT style="FONT-SIZE: 14pt" color=#000000 face=bookantiqua>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>563,627</FONT></P></FONT></FONT></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap><FONT style="FONT-SIZE: 14pt" face="book antiqua"><FONT style="FONT-SIZE: 14pt" color=#000000 face=bookantiqua>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>11.1%</FONT></P></FONT></FONT></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="23%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face="book antiqua">Investments in Affiliates</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>3,573</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>3,111</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>14.9%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="26%" noWrap><FONT style="FONT-SIZE: 14pt" face="book antiqua">

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face="book antiqua">Other Non Current Liabilities</FONT></B></P></FONT></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="9%" noWrap><FONT style="FONT-SIZE: 14pt" face="book antiqua"><FONT style="FONT-SIZE: 14pt" color=#0085a9 face=bookantiqua>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>167,113</FONT></P></FONT></FONT></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap><FONT style="FONT-SIZE: 14pt" face="book antiqua"><FONT style="FONT-SIZE: 14pt" color=#0085a9 face=bookantiqua>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>146,470</FONT></P></FONT></FONT></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap><FONT style="FONT-SIZE: 14pt" face="book antiqua"><FONT style="FONT-SIZE: 14pt" color=#0085a9 face=bookantiqua>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>14.1%</FONT></P></FONT></FONT></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="23%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="10%">

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=bookantiqua-bolditalic></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=bookantiqua-bolditalic></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=bookantiqua-bolditalic></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="26%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><FONT face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="9%" noWrap><FONT style="FONT-SIZE: 14pt" face="book antiqua">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#0085a9 face=bookantiqua>793,174</FONT></B></P></FONT></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap><FONT style="FONT-SIZE: 14pt" face="book antiqua">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#0085a9 face=bookantiqua>710,097</FONT></B></P></FONT></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap><FONT style="FONT-SIZE: 14pt" face="book antiqua">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#0085a9 face=bookantiqua>11.7%</FONT></B></P></FONT></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="23%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><I><FONT style="FONT-SIZE: 9pt" face="book antiqua">Deferred Assets </FONT></I></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="10%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=Calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=Calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=Calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="26%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><FONT face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#000000 face=bookantiqua></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#000000 face=bookantiqua></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#000000 face=bookantiqua></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="23%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face="book antiqua">Goodwill (Net)</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>148,711</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>137,114</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>8.5%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="26%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><FONT face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#0085a9 face=bookantiqua></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#0085a9 face=bookantiqua></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#0085a9 face=bookantiqua></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="23%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face="book antiqua">Intangible Assets</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>126,262</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>101,750</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>24.1%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="26%" noWrap><FONT style="FONT-SIZE: 14pt" face="book antiqua">

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face="book antiqua">Shareholder's Equity</FONT></B></P></FONT></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="9%" noWrap><FONT style="FONT-SIZE: 14pt" face="book antiqua">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>236,265</FONT></P></FONT></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap><FONT style="FONT-SIZE: 14pt" face="book antiqua">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>160,854</FONT></P></FONT></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap><FONT style="FONT-SIZE: 14pt" face="book antiqua">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>46.9%</FONT></P></FONT></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="23%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" face="book antiqua">Deferred Assets</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>188,761</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>129,652</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 9pt" color=#000000 face=bookantiqua>45.6%</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="26%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><FONT face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#000000 face=bookantiqua></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#000000 face=bookantiqua></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT color=#000000 face=bookantiqua></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="23%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="10%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=Calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=Calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT face=Calibri,sans-serif></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="26%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><FONT face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="9%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face="book antiqua"></FONT>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT face="book antiqua"></FONT>&nbsp;</P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="23%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#0085a9 face="book antiqua">Total Assets</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="10%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#0085a9 face=bookantiqua>1,466,394</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#0085a9 face=bookantiqua>1,296,487</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#0085a9 face=bookantiqua>13.1%</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="26%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 9pt" color=#0085a9 face="book antiqua">Total Liabilities and Equity</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="9%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#0085a9 face=bookantiqua>1,466,394</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#0085a9 face=bookantiqua>1,296,487</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=middle width="8%">

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 9pt" color=#0085a9 face=bookantiqua>13.1%</FONT></B></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 10pt; LINE-HEIGHT: 115%"><FONT lang=PT-BR style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; WIDTH: 100%; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none" cellSpacing=0 cellPadding=0 border=0>



<TR style="HEIGHT: 4pt">

   <TD style="HEIGHT: 4pt; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 5.4pt; PADDING-RIGHT: 5.4pt" vAlign=top width="100%">

   <P style="MARGIN: 0in 0in 0pt"><I><FONT style="FONT-SIZE: 7pt" color=#96989b face=Asap,sans-serif>*Includes current portion of Long Term Debt. </FONT></I></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=Asap,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<DIV align=left>

<TABLE style="WIDTH: 100%; MARGIN-LEFT: 0pt" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="100%" colSpan=3 noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><FONT style="FONT-SIZE: 12pt" color=#0085a9 face="book antiqua">Financial Debt of Am&#233;rica M&#243;vil <FONT lang=EN-US style="FONT-SIZE: 10pt" color=#808080 face="book antiqua">Millions of U.S. Dollars</FONT></FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="68%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="book antiqua"></FONT></B>&nbsp;</P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt; COLOR: #0085a9" color=#000000 face="book antiqua">Sep-16</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" width="16%" align=right>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt; COLOR: #0085a9" color=#000000 face="book antiqua">Dec -15</FONT></B></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="68%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" face="book antiqua">Peso denominated debt</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" face="book antiqua">5,264</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" face="book antiqua">5,022</FONT></B></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="68%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 10pt" face="book antiqua">Bonds and other securities</FONT></I></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face="book antiqua">3,812</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face="book antiqua">4,869</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="68%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 10pt" face="book antiqua">Banks and others</FONT></I></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face="book antiqua">1,452</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face="book antiqua">153</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="68%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="book antiqua">U.S. Dollar - denominated debt</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" face="book antiqua">10,694</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" face="book antiqua">14,965</FONT></B></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="68%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 10pt" face="book antiqua">Bonds and other securities</FONT></I></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face="book antiqua">9,936</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face="book antiqua">12,670</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="68%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 10pt" face="book antiqua">Banks and others</FONT></I></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face="book antiqua">758</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face="book antiqua">2,295</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="68%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" face="book antiqua">Euro Denominated Debt</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face="book antiqua">15,248</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face="book antiqua">14,204</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="68%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 10pt" face="book antiqua">Bonds and other securities</FONT></I></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face="book antiqua">15,010</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face="book antiqua">13,778</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="68%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 10pt" face="book antiqua">Banks and others</FONT></I></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face="book antiqua">238</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face="book antiqua">425</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="68%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" face="book antiqua">Debt denominated in other currencies</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" face="book antiqua">4,959</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" face="book antiqua">5,516</FONT></B></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="68%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 10pt" face="book antiqua">Bonds and other securities</FONT></I></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face="book antiqua">4,789</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face="book antiqua">5,343</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="68%" noWrap>

   <P style="MARGIN: 0in 0in 0pt 15pt; LINE-HEIGHT: normal"><I><FONT style="FONT-SIZE: 10pt" face="book antiqua">Banks and others</FONT></I></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face="book antiqua">170</FONT></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><FONT style="FONT-SIZE: 10pt" face="book antiqua">174</FONT></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="68%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" color=#0085a9 face="book antiqua">Total Debt*</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=#0085a9 face="book antiqua">36,165</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=#0085a9 face="book antiqua">39,707</FONT></B></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="68%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT lang=EN-US style="FONT-SIZE: 10pt" color=#0085a9 face="book antiqua">Cash, Marketable Securities and Short Term Financial Investments</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=#0085a9 face="book antiqua">3,832</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=#0085a9 face="book antiqua">5,899</FONT></B></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="68%" noWrap>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><B><FONT style="FONT-SIZE: 10pt" color=#0085a9 face="book antiqua">Net Debt**</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=#0085a9 face="book antiqua">32,333</FONT></B></P></TD>

   <TD style="BACKGROUND: white; BORDER-BOTTOM: #0085a9 1px solid; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="16%" noWrap>

   <P style="TEXT-ALIGN: right; MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal" align=right><B><FONT style="FONT-SIZE: 10pt" color=#0085a9 face="book antiqua">33,808</FONT></B></P></TD></TR>

<TR>

   <TD style="BACKGROUND: white; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 3.5pt; PADDING-RIGHT: 3.5pt" vAlign=bottom width="100%" colSpan=3>

   <P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: normal"><I><FONT lang=EN-US style="FONT-SIZE: 9pt" color=#808080 face="book antiqua">*Includes the full face value of our hybrid bonds.<BR>**Does not include the net value of our derivatives position.</FONT></I></P></TD></TR></TABLE></DIV>

<P style="MARGIN: 0in 0in 10pt; LINE-HEIGHT: 115%"><FONT lang=EN-US style="FONT-SIZE: 11pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap>Mexico</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>We finished September with 72.7 million mobile subscribers as we added 168 thousand postpaid clients and disconnected 536 thousand prepaid subscribers. Our postpaid base has increased 8.5% from a year ago whereas our prepaid base is down 1.9%. On the fixed line platform we had 21.9 million fixed-RGUs, with fixed-broadband accesses up 3.8% to 9.0 million, and voice lines down 1.2% year-on-year.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Revenues totaled 66.5 billion pesos, with service revenues of 49.7 billion pesos down 10.2% from the year-earlier quarter. For the first time in four quarters, the rate of decline of service revenues did not rise but declined slightly relative to the prior quarter. The improvement is basically attributable to mobile prepaid revenues.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>EBITDA came in at 20.7 billion pesos, representing a 31.1% EBITDA margin relative to total revenues.&nbsp; It still declined at a faster rate in the year-on-year comparisons relative to the prior quarter, but may improve following the stabilization of service revenues.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

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   <TD width="34%"></TD>

   <TD width="11%"></TD>

   <TD width="10%"></TD>

   <TD width="9%"></TD>

   <TD width="12%"></TD>

   <TD width="12%"></TD>

   <TD width="7%"></TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid" colSpan=7 align=left><B><FONT color=#0085a9 size=2 face=Asap>INCOME STATEMENT (IFRS) - </FONT></B><B><I><FONT color=#0085a9 size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Mexico </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap>Millions of MxP</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>66,480</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>68,138</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-2.4%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>196,414</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>202,759</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-3.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>49,681</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>55,344</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-10.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>150,311</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>166,190</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-9.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.464pt" align=left><FONT size=2 face=Asap>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>42,893</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>44,443</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-3.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>126,430</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>132,464</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-4.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 30.103pt" align=left><FONT size=2 face=Asap>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>28,060</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>33,162</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-15.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>85,272</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>100,426</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-15.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 30.103pt" align=left><FONT size=2 face=Asap>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>14,750</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>11,131</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>32.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>40,079</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>31,720</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>26.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.464pt" align=left><FONT size=2 face=Asap>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>25,538</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>25,369</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>0.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>75,486</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>75,028</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>0.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>20,692</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>27,442</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-24.6%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>65,380</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>83,409</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-21.6%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>31.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>40.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>33.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>41.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>13,802</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>20,975</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-34.2%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>45,378</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>64,040</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-29.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>20.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>30.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>23.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>31.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" colSpan=7 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.</FONT></EM>&nbsp;</TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD width="55%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="100%" colSpan=4 align=left><B><FONT color=#0085a9 size=2 face=Asap>Mexico Operating Data (IFRS)</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT color=#0085a9 size=1 face=Asap>3Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT color=#0085a9 size=1 face=Asap>3Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>72,740</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>72,994</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>-0.3%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>11,787</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>10,866</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>8.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>60,953</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>62,128</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>-1.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>442</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>263</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>68.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>ARPU (MxP)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>128</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>152</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>-15.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>4.5%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>3.9%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>0.6</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>21,884</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>21,709</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>0.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap>Fixed Lines</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>12,845</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>12,998</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>-1.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap>Broadband</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>9,039</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>8,711</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>3.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>* Fixed Line and Broadband</FONT></I></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 13.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=#0085a9 face=Asap>Argentina, Paraguay and Uruguay</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>At 23.2 million at the end of September, our wireless subscriber base was up 5.1% year-over-year. On the fixed-line platform RGUs grew 4.2% annually on the back of fixed voice; we have now 603 thousand RGUs in the region.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Total revenues, 10.3 billion Argentinean pesos, jumped 42.0% year-on-year with service revenues expanding 38.6% and equipment revenues 55.6%. Mobile data was the main driver of growth, with revenues shooting up 66.9%; they now represent over 60% of service revenues. On the fixed platform we saw revenues rising 58.0% over the year.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>EBITDA of 3.4 billion Argentinean pesos was 34.3% above last year&#8217;s with an&nbsp; &nbsp; EBITDA margin equivalent to 33.4% of revenues.&nbsp;</FONT></P>

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<TR>

   <TD width="35%"></TD>

   <TD width="12%"></TD>

   <TD width="10%"></TD>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid" colSpan=7 align=left><FONT color=#0085a9 size=2 face=Asap>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#0085a9 size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Argentina, Paraguay &amp; Uruguay </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap>Millions of ARP</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>10,281</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>7,238</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>42.0%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>28,778</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>20,703</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>39.0%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>8,025</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>5,789</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>38.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>15,398</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>12,434</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>23.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>9,655</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>6,832</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>41.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>27,007</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>19,514</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>38.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 30.103pt" align=left><FONT size=2 face=Asap>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>7,397</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>5,382</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>37.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>20,513</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>15,129</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>35.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 30.103pt" align=left><FONT size=2 face=Asap>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>2,255</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,450</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>55.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>6,481</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>4,385</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>47.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>695</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>440</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>58.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,971</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,294</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>52.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>3,432</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>2,555</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>34.3%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>9,828</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>7,166</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>37.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>33.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>35.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>34.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>34.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>2,638</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>2,022</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>30.5%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>7,621</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>5,718</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>33.3%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>25.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>27.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>26.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>27.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" colSpan=7 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.</FONT></EM>&nbsp;</TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD width="55%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" colSpan=4 align=left><FONT color=#0085a9 size=2 face=Asap>Argentina, Paraguay &amp; Uruguay Operating Data (IFRS)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>23,204</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>22,075</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>5.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>2,460</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>2,668</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-7.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>20,744</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>19,407</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>6.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>100</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>116</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-13.0%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>ARPU (ARP)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>107</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>82</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>29.6%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>2.3%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>0.6</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>603</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>579</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>4.2%</FONT></B>&nbsp;</TD></TR>

<TR>

   <TD colSpan=4>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>* Fixed Line, Broadband and PayTV.</FONT></I></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap>Brazil</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Our Brazilian operations ended the quarter with just over 100 million accesses. On the mobile platform, we had 63.5 million subscribers after net disconnections of 746 thousand. On the postpaid segment we had strong net additions, 334 thousand, for a 7.1% year-on-year increase on our postpaid subscriber base.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>On the fixed-line platform, RGUs were just shy of 37 million access lines. Our fixed broadband accesses, 8.7 million, were up 7.1% relative to the prior year, after connecting 149 thousand new accesses in the quarter. On PayTV we had over 16 million units, after adding 51 thousand new clients in the quarter.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Third quarter revenues remained practically unchanged compared to those obtained a year before and topped nine billion reais. Service revenues improved 0.9% sequentially and 0.2% annually as mobile data revenues, although still lagging those of last year at -5.5%, recovered markedly from the prior quarter when they were down almost 14% from the year before. In absolute terms fixed data revenues continued to be the main driver of growth, expanding 11.6% year-on-year.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>EBITDA of 2.4 billion reais was down 2.2% from the year before, as the EBITDA margin fell to 26.5% from 27.1%, mostly on account of subscriber acquisition costs; our core EBITDA (before acquisition costs) was actually flat year-on-year.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<a name="_bclFooter8"></a><DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD width="34%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="9%"></TD>

   <TD width="12%"></TD>

   <TD width="12%"></TD>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid" colSpan=7 align=left><FONT color=#0085a9 size=2 face=Asap>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#0085a9 size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Brazil </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap>Millions of BrL</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>9,074</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>9,064</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>0.1%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>27,112</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>27,172</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-0.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>8,826</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>8,809</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>0.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>26,279</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>26,253</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>0.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>2,910</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>3,149</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-7.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>8,863</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>9,689</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-8.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 30.103pt" align=left><FONT size=2 face=Asap>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>2,664</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>2,900</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-8.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>8,037</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>8,793</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-8.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 30.103pt" align=left><FONT size=2 face=Asap>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>247</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>249</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-0.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>828</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>896</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-7.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>6,164</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>5,915</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>4.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>18,249</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>17,483</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>4.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>2,408</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>2,461</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-2.2%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>7,144</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>7,282</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-1.9%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>26.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>27.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>26.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>26.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>224</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>450</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-50.1%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>565</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1,351</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-58.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>2.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>5.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>2.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>5.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" colSpan=7 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.</FONT></EM>&nbsp;</TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD width="55%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" colSpan=4 align=left><FONT color=#0085a9 size=2 face=Asap>Brazil Operating Data (IFRS)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>63,519</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>70,353</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-9.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>17,285</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>16,137</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>7.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>46,233</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>54,216</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-14.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>94</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>97</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-3.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>ARPU (BrL)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>14</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>14</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>2.3%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>3.8%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>3.5%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>0.3</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>36,983</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>36,766</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>0.6%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>* Fixed Line, Broadband and Television</FONT></I></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap>Chile</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LETTER-SPACING: 0.1pt" face=Asap>At the end of September our wireless subscriber base was up 5.7% from the year before to 6.5 million, with our postpaid subscriber base increasing 8.2%. We also had a total of 1.3 million fixed-RGUs, 5.8% more than in 2015 with broadband accesses rising 16.2% in the period.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LETTER-SPACING: 0.1pt" face=Asap>Third quarter revenues of 188 billion Chilean pesos were 1.3% higher from the year-earlier quarter. Service revenues posted an annual increase of 5.3%. Mobile service revenues&#8212;that account for 60% of the total&#8212;rose on the on the back of mobile data revenues, up 16.0% year-on-year. On the fixed line platform, we saw data revenues rising 7.8% and voice revenues 6.4% over the year.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LETTER-SPACING: 0.1pt" face=Asap>The quarter&#8217;s EBITDA of 20.3 billion Chilean pesos surged 81.3% from the year before. The EBITDA margin stood at 10.8% of revenues, 4.8 percentage points more than a year earlier. &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD width="33%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="9%"></TD>

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   <TD width="12%"></TD>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid" colSpan=7 align=left><FONT color=#0085a9 size=2 face=Asap>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#0085a9 size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Chile </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap>Millions of ChPL</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>187,836</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>185,461</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1.3%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>554,260</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>555,841</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-0.3%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>172,493</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>163,817</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>5.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>506,217</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>483,038</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>4.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>122,462</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>122,797</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-0.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>362,614</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>370,767</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-2.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 30.103pt" align=left><FONT size=2 face=Asap>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>107,230</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>101,136</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>6.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>314,096</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>298,206</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>5.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 30.103pt" align=left><FONT size=2 face=Asap>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>15,343</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>21,644</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-29.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>48,043</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>72,803</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-34.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>70,975</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>68,041</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>4.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>208,378</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>200,547</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>3.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>20,297</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>11,197</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>81.3%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>47,424</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>32,304</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>46.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>10.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>6.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>8.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>5.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-32,685</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-41,346</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>20.9%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-111,100</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-122,395</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>9.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-17.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-22.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-20.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-22.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" colSpan=7 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.</FONT></EM>&nbsp;</TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD width="55%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="100%" colSpan=4 align=left><FONT color=#0085a9 size=2 face=Asap>Chile Operating Data (IFRS)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT color=#0085a9 size=1 face=Asap>3Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT color=#0085a9 size=1 face=Asap>3Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>6,500</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>6,152</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>5.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" width="55%" align=left><FONT size=2 face=Asap>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>1,539</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>1,422</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>8.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" width="55%" align=left><FONT size=2 face=Asap>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>4,961</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>4,730</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>4.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>149</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>149</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>-0.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>ARPU (ChP)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>5,626</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>5,617</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>0.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>5.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>5.3%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>0.5</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>1,304</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>1,232</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>5.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>* Fixed Line, Broadband and Television</FONT></I></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap>Colombia</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LETTER-SPACING: 0.1pt" face=Asap>Our wireless subscriber base reached 28.5 million clients at the end of September after adding 229 thousand wireless subscribers in the quarter, the highest figure since 2014. On the postpaid segment, our client base was up 6.8% after net adds of 141 thousand. On the fixed-line platform we continued to make important inroads: the overall RGU base was up 8.2% with fixed lines and broadband accesses growing by more than 11% with respect to the year-earlier quarter.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LETTER-SPACING: 0.1pt" face=Asap>Third quarter revenues of 2.7 trillion Colombian pesos were 2.7% lower than those obtained a year before. Service revenues declined 2.9% year-on-year, in what was their best performance in six quarters. All business lines showed double-digit growth; five of them were growing faster than in the prior quarter. Data revenues were up 18.6% on the mobile platform and 10.1% on the fixed, while PayTV revenues expanded 17.6% over the year and even fixed voice had an exceptional quarter, growing 18.5% annually.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LETTER-SPACING: 0.1pt" face=Asap>At just over one trillion Colombian pesos, third quarter EBITDA was 4.0% lower than a year before and equivalent to 37.7% of revenues.&nbsp; &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV></DIV>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD width="34%"></TD>

   <TD width="12%"></TD>

   <TD width="9%"></TD>

   <TD width="9%"></TD>

   <TD width="12%"></TD>

   <TD width="12%"></TD>

   <TD width="7%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" colSpan=7 align=left><FONT color=#0085a9 size=2 face=Asap>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#0085a9 size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Colombia </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap>Billions of COP</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>2,734</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>2,810</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-2.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>8,134</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>8,461</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-3.9%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>2,199</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>2,265</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-2.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>6,551</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>6,850</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-4.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,991</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>2,143</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-7.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>5,979</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>6,524</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-8.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 30.103pt" align=left><FONT size=2 face=Asap>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,446</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,593</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-9.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>4,360</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>4,879</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-10.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 30.103pt" align=left><FONT size=2 face=Asap>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>528</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>540</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-2.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,562</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,606</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-2.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>773</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>686</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>12.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>2,234</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,984</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>12.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1,030</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1,073</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-4.0%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>2,966</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>3,275</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-9.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>37.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>38.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>36.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>38.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>582</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>672</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-13.4%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1,647</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>2,105</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-21.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>21.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>23.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>20.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>24.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" colSpan=7 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.</FONT></EM>&nbsp;</TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD width="55%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="100%" colSpan=4 align=left><FONT color=#0085a9 size=2 face=Asap>Colombia Operating Data (IFRS)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT color=#0085a9 size=1 face=Asap>3Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT color=#0085a9 size=1 face=Asap>3Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>Wireless Subscribers* (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>28,489</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>28,931</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>-1.5%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" width="55%" align=left><FONT size=2 face=Asap>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>6,224</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>5,827</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>6.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" width="55%" align=left><FONT size=2 face=Asap>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>22,265</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>23,104</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>-3.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>212</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>207</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>2.3%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>ARPU (COP)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>16,854</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>18,087</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>-6.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>4.2%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>4.5%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>(0.3)</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>Revenue Generating Units (RGUs)**</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>6,187</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>5,719</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>8.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Due to differences in the policy for accounting active subscribers, the figures in this report are different from those published by the Ministry of Communications of</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>Colombia (MinTIC).** Fixed Line, Broadband and Television</FONT></EM>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>** Fixed Line, Broadband and Television</FONT></I></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap>Ecuador</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Having added 51 thousand clients in the quarter, we finished September with 8.9 million wireless subscribers in Ecuador, 3.9% less than in 2015. However, in the postpaid segment we registered an annual increase of 5.8%. On top of that, we had 353 thousand fixed-RGUs.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Total revenues of 356 million dollars were down 10.2% from the year before, partly reflecting a set of new taxes that we must net-out. In absence of such charges the decline in revenues would have been closer to 8.8%. We continue to have pressure on pricing, very much on account of the current economic recession, probably the worst since the adoption of the dollar currency back in 2000.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>The quarter&#8217;s EBITDA of 154 million dollars was equivalent to 43.3% of revenues. Extraordinary items booked in the third quarter of 2015 affect the annual comparison that resulted in a 34% year-on-year increase in EBITDA.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD width="34%"></TD>

   <TD width="13%"></TD>

   <TD width="9%"></TD>

   <TD width="9%"></TD>

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   <TD width="12%"></TD>

   <TD width="7%"></TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid" colSpan=7 align=left><FONT color=#0085a9 size=2 face=Asap>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#0085a9 size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Ecuador </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap>Millions of Dollars</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>356</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>396</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-10.2%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1,085</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1,212</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-10.5%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>303</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>348</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-12.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>934</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,064</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-12.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>343</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>383</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-10.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,047</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,172</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-10.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 30.103pt" align=left><FONT size=2 face=Asap>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>291</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>335</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-13.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>897</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,026</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-12.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 30.103pt" align=left><FONT size=2 face=Asap>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>52</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>48</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>8.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>150</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>146</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>2.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-1.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>47</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>48</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-3.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>154</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>115</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>34.3%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>458</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>463</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-1.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>43.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>29.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>42.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>38.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>102</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>64</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>60.0%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>302</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>311</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-2.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>28.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>16.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>27.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>25.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" colSpan=7 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.</FONT></EM>&nbsp;</TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD width="55%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="55%" align=left><FONT color=#0085a9 size=2 face=Asap>Ecuador Operating Data (IFRS)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT color=#0085a9 size=1 face=Asap>3Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT color=#0085a9 size=1 face=Asap>3Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>8,915</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>9,273</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>-3.9%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" width="55%" align=left><FONT size=2 face=Asap>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>2,659</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>2,513</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>5.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" width="55%" align=left><FONT size=2 face=Asap>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>6,256</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>6,759</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>-7.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>214</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>187</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>14.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>ARPU (US$)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>11</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>12</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>-6.3%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>3.4%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>5.9%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>(2.6)</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>353</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>374</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>-5.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>* Fixed Line, Broadband and Television</FONT></I></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap>Peru</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>We finished September with just over 12 million wireless subscribers, with net additions of 75 thousand in the quarter. As regards postpaid, we ended the quarter with 4.1 million contract clients, 2.6% more than a year before. On the fixed line platform we had 1.5 million fixed RGUs, up 10.2%, with broadband accesses jumping 26.7% in the period.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Revenues of 1.3 billion soles were 1.2% lower than a year before as equipment revenues fell 6.6%. Service revenues were practically flat relative to the year-earlier quarter, their best showing in four quarters. Mobile data was the main factor behind the recovery in revenues that went up from 7.4% in the second quarter to 12.9% in the third.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>EBITDA came in at 245 million soles and was equivalent to 18.5% of revenues. The contraction in EBITDA, 30.6% year-on-year, was to a large extent determined by the elimination of assymetric termination rates. &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>After only two months of getting the spectrum for 4G-LTE, we have fully covered the city of Lima and have continued with the roll-out in other cities. We have materially improved the quality of mobile data services and doubled the speeds in the areas in which this technology is available.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<a name="_bclFooter12"></a><DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



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&nbsp; <A name="page_13"></A>

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<a name="_bclHeader13"></a><DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD width="34%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="9%"></TD>

   <TD width="12%"></TD>

   <TD width="12%"></TD>

   <TD width="7%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" colSpan=7 align=left><FONT color=#0085a9 size=2 face=Asap>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#0085a9 size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Peru </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap>Millions of Soles</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1,322</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1,338</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-1.2%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>3,864</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>3,992</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-3.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,143</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,146</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-0.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>3,376</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>3,479</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-2.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,102</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,138</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-3.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>3,225</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>3,408</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-5.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 30.103pt" align=left><FONT size=2 face=Asap>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>913</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>938</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-2.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>2,707</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>2,877</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-5.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 30.103pt" align=left><FONT size=2 face=Asap>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>175</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>190</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-8.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>481</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>507</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-5.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>220</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>200</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>10.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>640</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>584</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>9.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>245</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>353</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-30.6%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>710</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1,081</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-34.3%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>18.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>26.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>18.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>27.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>66</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>192</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-65.4%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>195</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>616</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-68.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>5.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>14.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>5.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>15.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" colSpan=7 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.</FONT></EM>&nbsp;</TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD width="55%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="55%" align=left><FONT color=#0085a9 size=2 face=Asap>Peru Operating Data (IFRS)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT color=#0085a9 size=1 face=Asap>3Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT color=#0085a9 size=1 face=Asap>3Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>12,029</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>12,354</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>-2.6%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" width="55%" align=left><FONT size=2 face=Asap>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>4,094</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>3,990</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>2.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" width="55%" align=left><FONT size=2 face=Asap>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>7,936</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>8,363</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>-5.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>188</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>163</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>15.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>ARPU (Sol)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>25</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>25</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>0.0%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>5.6%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>4.6%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>1.0</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>1,480</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>1,343</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>10.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>* Fixed Line, Broadband and Television</FONT></I></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap>Central America</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>All-in, we had a total of 15.9 million wireless subscribers at the end of September, 5.0% more than a year before, after 106 thousand net additions. The postpaid subscriber base reported an 8.9% growth in annual terms. Fixed RGUs were 5.3 million, 8.7% more than the prior year, on the back of broadband accesses that jumped 18.6% in the period to 2.4 million.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Revenues of 568 million dollars were up 3.6% year-on-year, with service revenues rising 3.0% driven by double-digit data revenue growth&#8212;13.9% on the mobile platform and 12.9% on the fixed. PayTV revenues were up 7.7% year-on-year while wireless voice revenues declined 2.7%.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>The quarter&#8217;s EBITDA of 195 million dollars was 7.1% higher than a year before. At 34.4% of revenues, the EBITDA margin came in 1.1 percentage points above that of the year-earlier quarter.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV></DIV>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_14"></A>

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<a name="_bclHeader14"></a><DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD width="34%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="9%"></TD>

   <TD width="12%"></TD>

   <TD width="13%"></TD>

   <TD width="7%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" colSpan=7 align=left><FONT color=#0085a9 size=2 face=Asap>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#0085a9 size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Central America </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap>Millions of Dollars</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>568</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>548</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>3.6%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1,682</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1,609</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>4.5%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>528</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>513</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>3.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,570</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,512</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>3.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>386</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>368</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>4.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,141</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,072</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>6.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 30.103pt" align=left><FONT size=2 face=Asap>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>344</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>332</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>3.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,025</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>972</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>5.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 30.103pt" align=left><FONT size=2 face=Asap>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>39</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>35</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>14.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>111</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>96</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>15.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>186</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>182</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>553</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>545</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>195</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>182</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>7.1%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>582</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>538</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>8.0%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>34.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>33.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>34.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>33.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>49</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>25</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>94.4%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>164</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>82</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>99.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>8.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>4.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>9.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>5.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" colSpan=7 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.</FONT></EM>&nbsp;</TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD width="55%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="100%" colSpan=4 align=left><FONT color=#0085a9 size=2 face=Asap>Central America Operating Data (IFRS)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT color=#0085a9 size=1 face=Asap>3Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT color=#0085a9 size=1 face=Asap>3Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>15,880</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>15,120</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>5.0%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" width="55%" align=left><FONT size=2 face=Asap>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>2,334</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>2,144</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>8.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" width="55%" align=left><FONT size=2 face=Asap>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>13,545</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>12,975</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><FONT size=2 face=Asap>4.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>162</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>187</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>-13.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>ARPU (US$)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>7</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>8</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>-2.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>6.3%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>5.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>0.6</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>5,273</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>4,851</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="15%" align=right><B><FONT size=2 face=Asap>8.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>* Fixed Line, Broadband and Television</FONT></I></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap>Caribbean</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Net additions in the third quarter came in at 53 thousand subs, 64.9% more than in the prior year mostly on improvements in Puerto Rico, to finish the quarter with 5.4 million wireless subscribers, 3.8% more than a year before. The growth rate on the postpaid base was 8.2% having registered 25 thousand new contract clients. Fixed-RGUs of 2.6 million were 6.5% greater than a year before with PayTV clients growing 16.3%.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Revenues were just shy of 500 million dollars; they were 2.4% higher than in the same quarter of 2015. The increase in revenues is partly linked to a methodological change in Puerto Rico in relation to the booking of revenues associated with sales of mobile devices under financing plans. The change was already made in the second quarter and is continuing thereafter; it is now being extended to the first quarter as well.&nbsp; &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Service revenues were slightly higher than those registered a year before, 0.4%, with PayTV revenues growing the fastest, 18.5% in annual terms, followed by mobile data that continues to gain momentum and expanded 11.3% over the year; it already represents 46% of the wireless service revenues. On the other hand, voice revenues came down 11.9% on the mobile platform and 2.1% on the fixed.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Third quarter EBITDA was up 7.6% over the year to 166 million dollars. The EBITDA margin was 33.4% of revenues in the third quarter up from 31.8% a year before.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

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<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD width="34%"></TD>

   <TD width="14%"></TD>

   <TD width="8%"></TD>

   <TD width="9%"></TD>

   <TD width="12%"></TD>

   <TD width="13%"></TD>

   <TD width="7%"></TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid" colSpan=7 align=left><FONT color=#0085a9 size=2 face=Asap>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#0085a9 size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Caribbean </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap>Millions of Dollars</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>496</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>484</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>2.4%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1,462</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1,437</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>431</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>430</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>0.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,296</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,302</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-0.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>278</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>269</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>3.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>820</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>798</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>2.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 30.103pt" align=left><FONT size=2 face=Asap>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>222</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>220</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>0.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>672</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>679</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-1.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 30.103pt" align=left><FONT size=2 face=Asap>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>57</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>50</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>15.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>151</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>121</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>24.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>217</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>215</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>642</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>638</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>0.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>166</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>154</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>7.6%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>455</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>472</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-3.5%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>33.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>31.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>31.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>32.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>101</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>71</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>42.0%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>240</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>221</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>8.6%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>20.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>14.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>16.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>15.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" colSpan=7 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues. 2015 reflects</FONT></EM>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>adjusted figures.</FONT></EM>&nbsp;</TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD width="55%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid" colSpan=4 align=left><FONT color=#0085a9 size=2 face=Asap>Caribbean Operating Data (IFRS)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>5,426</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>5,225</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>3.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,763</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,630</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>8.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>3,663</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>3,596</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>278</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>288</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-3.5%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>ARPU (US$)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>14</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>14</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-2.6%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>3.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>3.5%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>0.2</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>2,633</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>2,471</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>6.5%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>* Fixed Line, Broadband and Television</FONT></I></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap>United States</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>In the third quarter we acquired 1.2 million subscribers from T-Mobile&#8217;s WalMart Family Mobile and finished September with 26.5 million clients, 3.0% more than a year before.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>The quarter&#8217;s revenues were 1.9 billion dollars, 9.7% greater than in the prior year, with equipment revenues rising 48.6% and service revenues growing 5.8%. The quarter&#8217;s EBITDA of 148 million dollars was 41.1% greater than in 2015 and was equivalent to 7.9% of revenues. In absence of the acquisition, our revenues would have grown 6.8% in annual terms and the EBITA expansion would have been 37.2%.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV></DIV>

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&nbsp; <A name="page_16"></A>

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<TR>

   <TD width="31%"></TD>

   <TD width="14%"></TD>

   <TD width="11%"></TD>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid" colSpan=7 align=left><FONT color=#0085a9 size=2 face=Asap>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#0085a9 size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>United States </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap>Millions of Dollars</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1,888</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1,722</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>9.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>5,419</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>5,228</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>3.6%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 30.103pt" align=left><FONT size=2 face=Asap>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,657</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,566</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>5.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>4,785</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>4,720</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 30.103pt" align=left><FONT size=2 face=Asap>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>231</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>156</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>48.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>633</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>508</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>24.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>148</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>105</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>41.1%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>387</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>516</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-25.0%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>7.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>6.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>7.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>9.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>135</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>94</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>43.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>351</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>482</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-27.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>7.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>5.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>6.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>9.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD></TR></TABLE></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

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<TR>

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   <TD width="15%"></TD>

   <TD width="15%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" colSpan=4 align=left><FONT color=#0085a9 size=2 face=Asap>United States Operating Data (IFRS)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>26,486</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>25,726</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>3.0%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>483</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>508</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-4.8%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>ARPU (US$)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>22</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>20</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>6.6%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>4.3%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>4.1%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>0.3</FONT></B>&nbsp;</TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap>Telekom Austria Group</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Our operations in Europe ended September with 20.7 million wireless subscribers, 2.7% more than in 2015. We added 68 thousand postpaid subscribers and 182 thousand prepaid ones, with our postpaid base increasing 3.9% year-on-year. On the fixed-line platform we had 5.6 million fixed RGUs, 17.6% more than in the prior year, reflecting in part acquisitions made in the last quarter of 2015.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Total revenues of nearly 1.1 billion euros in the third quarter were up 1.4% (proforma) year-on-year in euro terms with service revenues slightly down: -0.5%. At constant exchange rates, service revenues were up 1.0% on the back of improvements in Croacia and Belarus. In Austria, service revenues remained practically unchanged as compared to last year&#8217;s, even in spite of the elimination of roaming charges in the European Union.&nbsp; &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Third quarter EBITDA 416 million euros was up 7.5% year-on-year and the EBITDA margin stood at 38.7%. At constant exchange rates, EBITDA would have risen 9.7% over the period. The annual comparison is affected by extraordinary items booked in Austria.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>We will host our conference call to discuss 3Q16 financial and operating results on October 28th at 9:00am Mexico City time. To access the call please log on to www.americamovil.com/investors.</FONT></P>

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   <TD width="34%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid" colSpan=7 align=left><FONT color=#0085a9 size=2 face=Asap>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#0085a9 size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Telekom Austria Group- Pro-forma </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap>Millions of Euros</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1,073</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1,059</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1.4%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>3,113</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>3,124</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-0.3%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>962</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>966</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-0.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>2,804</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>2,870</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-2.3%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>683</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>673</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,959</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,971</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-0.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 30.103pt" align=left><FONT size=2 face=Asap>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>558</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>570</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-2.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,610</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,660</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-3.0%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 30.103pt" align=left><FONT size=2 face=Asap>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>105</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>86</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>22.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>289</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>235</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>22.8%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>390</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>385</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,155</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1,152</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>0.2%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>416</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>386</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>7.5%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1,079</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1,056</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>2.1%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>38.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>36.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>34.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>33.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>203</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>187</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>8.3%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>434</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>444</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-2.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>18.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>17.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>14.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>14.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD></TR>

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   <TD style="TEXT-INDENT: 8.503pt" colSpan=7 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.</FONT></EM>&nbsp;</TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P>

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   <TD width="15%"></TD>

   <TD width="15%"></TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid" colSpan=4 align=left><FONT color=#0085a9 size=2 face=Asap>Telekom Austria Group Operating Data (IFRS) Pro-forma </FONT><B><SUP><FONT size=2 face=Asap>(1)</FONT></SUP></B></TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>3Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>20,732</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>20,786</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-0.3%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>14,913</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>14,642</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>1.8%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 21.463pt" align=left><FONT size=2 face=Asap>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>5,819</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>6,144</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><FONT size=2 face=Asap>-5.3%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>303</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>301</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>0.7%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>ARPU (Euros)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>9</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>9</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>-1.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1.9%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>0.1</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT size=2 face=Asap>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>5,607</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>5,513</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" align=right><B><FONT size=2 face=Asap>1.7%</FONT></B>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 9.943pt" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>(1) 2015 figures adjusted for acquisitions in Bulgaria, Croacia and Macedonia. * Fixed Line, Broadband and Television.</FONT></I></TD></TR></TABLE>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap>Glossary of Terms</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt"><STRONG><FONT color=#0085a9></FONT></STRONG>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD width="14%"></TD>

   <TD width="85%"></TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap>ARPU</FONT></B><FONT size=2 face=Asap> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap>Average Revenue per User. The ratio of service revenues in a given period</FONT>&nbsp;<FONT size=2 face=Asap>to the average number of wireless subscribers in the same period. It is pre</FONT><FONT size=2 face=Asap>sented on a monthly basis.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap>ARPM</FONT></B><FONT size=2 face=Asap> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap>Average Revenue per Minute. The ratio of service revenues to airtime traffic.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap>Capex</FONT></B><FONT size=2 face=Asap> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap>Capital Expenditure. Accrued capital expenditures related to the expansion</FONT>&nbsp;<FONT size=2 face=Asap>of the telecommunications infrastructure.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap>Churn</FONT></B><FONT size=2 face=Asap> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap>Disconnection Rate. The ratio of wireless subscribers disconnected during a</FONT>&nbsp;<FONT size=2 face=Asap>given period to the number of wireless subscribers at the beginning of that</FONT>&nbsp;<FONT size=2 face=Asap>period.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap>EBIT</FONT></B><FONT size=2 face=Asap> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap>Earnings Before Interest and Taxes, also known as Operating Profit.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap>EBIT</FONT></B>&nbsp;<B><FONT color=#007399 size=2 face=Asap>margin</FONT></B><FONT size=2 face=Asap> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap>The ratio of EBIT to total operating revenue.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap>EBITDA</FONT></B><FONT size=2 face=Asap> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap>Earnings Before Interest, Taxes, Depreciation, and Amortization.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap>EBITDA</FONT></B>&nbsp;<B><FONT color=#007399 size=2 face=Asap>margin</FONT></B><FONT size=2 face=Asap> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap>The ratio of EBITDA to total operating revenue.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap>EPS</FONT></B>&nbsp;<B><FONT color=#007399 size=2 face=Asap>(Mexican</FONT></B>&nbsp; <B><FONT color=#007399 size=2 face=Asap>pesos)</FONT></B><FONT size=2 face=Asap> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap>Earnings per share. Total earnings in Mexican pesos divided by total shares.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap>Earnings</FONT></B> <B><FONT color=#007399 size=2 face=Asap>per ADR</FONT></B>&nbsp; <B><FONT color=#007399 size=2 face=Asap>(US$)</FONT></B><FONT size=2 face=Asap> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap>Total earnings in U.S. dollars divided by total ADRs equivalent.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

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   <TD align=left><B><FONT color=#007399 size=2 face=Asap>Equity</FONT></B>&nbsp;<B><FONT color=#007399 size=2 face=Asap>subscribers</FONT></B><FONT size=2 face=Asap> </FONT>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Asap>Subscribers weighted by the economic interest held in each company.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap>Gross</FONT></B>&nbsp;<B><FONT color=#007399 size=2 face=Asap>additions</FONT></B><FONT size=2 face=Asap> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap>Total number of subscribers acquired during the period.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

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   <TD align=left><B><FONT color=#007399 size=2 face=Asap>Licensed</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp; </TD></TR>

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   <TD align=left><B><FONT color=#007399 size=2 face=Asap>pops</FONT></B><FONT size=2 face=Asap> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap>Licensed population. Population covered by the licenses that each of the</FONT>&nbsp;<FONT size=2 face=Asap>companies manage.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

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   <TD align=left><B><FONT color=#007399 size=2 face=Asap>LTE</FONT></B><FONT size=2 face=Asap> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap>Long-term evolution is a 4th generation standard for wireless communica</FONT><FONT size=2 face=Asap>tion of high-speed data for mobile phones and data terminals.</FONT></TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

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   <TD align=left><B><FONT color=#007399 size=2 face=Asap>Market</FONT></B>&nbsp;<B><FONT color=#007399 size=2 face=Asap>share</FONT></B><FONT size=2 face=Asap> </FONT>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Asap>A company&#8217;s subscriber base divided by the total number of subscribers in</FONT>&nbsp;<FONT size=2 face=Asap>that country.</FONT>&nbsp;</TD></TR>

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   <TD colSpan=2>&nbsp; </TD></TR>

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   <TD align=left><B><FONT color=#007399 size=2 face=Asap>MOU</FONT></B><FONT size=2 face=Asap> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap>Minutes of Use per subscriber. The ratio of wireless traffic in a given period</FONT>&nbsp;<FONT size=2 face=Asap>to the average number of wireless subscribers in that same period. It is pre</FONT><FONT size=2 face=Asap>sented on a monthly basis.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp; </TD></TR>

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   <TD align=left><B><FONT color=#007399 size=2 face=Asap>Net</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap>subscriber</FONT></B>&nbsp;<B><FONT color=#007399 size=2 face=Asap>additions</FONT></B><FONT size=2 face=Asap> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap>The difference in the subscriber base from one period to another. It is the</FONT>&nbsp;<FONT size=2 face=Asap>different between gross additions and disconnections.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp;</TD></TR>

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   <TD align=left><B><FONT color=#007399 size=2 face=Asap>Net debt</FONT></B><FONT size=2 face=Asap> </FONT>&nbsp;</TD>

   <TD align=left><FONT size=2 face=Asap>Total short and long term debt minus cash and marketable securities.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap>Net debt</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap>/ EBITDA</FONT></B><FONT size=2 face=Asap> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap>The ratio of total short and long term debt minus cash and securities to trail</FONT><FONT size=2 face=Asap>ing 12-month income before interest, taxes, depreciation and amortization.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp;</TD></TR>

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   <TD align=left><B><FONT color=#007399 size=2 face=Asap>Prepaid</FONT></B><FONT size=2 face=Asap> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap>Subscriber that may purchase airtime to recharge a cellular phone. The cli</FONT><FONT size=2 face=Asap>ent does not hold a contract with the company for voice and data services.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap>Postpaid</FONT></B><FONT size=2 face=Asap> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap>Subscriber that has a contract for the use of airtime. The client has no need</FONT>&nbsp;<FONT size=2 face=Asap>of activating airtime, it is done so immediately.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap>SMS</FONT></B><FONT size=2 face=Asap> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap>Short Message Service.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap>SAC</FONT></B><FONT size=2 face=Asap> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap>Subscriber Acquisition Cost. The sum of handset subsidies, marketing ex</FONT><FONT size=2 face=Asap>penses and commissions to distributors for handset activation. Handset sub</FONT><FONT size=2 face=Asap>sidy is calculated as the difference between equipment cost and equipment </FONT><FONT size=2 face=Asap>revenues.</FONT>&nbsp;</TD></TR>

<TR>

   <TD colSpan=2>&nbsp;</TD></TR>

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   <TD align=left><B><FONT color=#007399 size=2 face=Asap>Wireless</FONT></B>&nbsp;</TD>

   <TD align=left>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD align=left><B><FONT color=#007399 size=2 face=Asap>penetration</FONT></B><FONT size=2 face=Asap> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" align=left><FONT size=2 face=Asap>The ratio of total wireless subscribers in any given country divided by the </FONT><FONT size=2 face=Asap>total population in that country.</FONT>&nbsp;</TD></TR></TABLE>

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<P style="TEXT-ALIGN: justify; MARGIN: 0cm 0cm 0cm 42pt; LINE-HEIGHT: 8.25pt; TEXT-INDENT: -42pt"><FONT lang=EN-US style="FONT-SIZE: 7pt" face=Asap></FONT>&nbsp;</P>

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<TR>

   <TD width="34%"></TD>

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   <TD width="11%"></TD>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="100%" colSpan=7 align=left><FONT color=#0085a9 size=2 face=Asap>Exchange Rates Local Currency Units per USD</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="34%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT color=#0085a9 size=1 face=Asap>3Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT color=#0085a9 size=1 face=Asap>3Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>Mexico</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>19.50</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>17.01</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>14.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>19.50</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>17.01</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>14.7%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>18.73</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>16.41</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>14.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>18.27</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>15.55</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>17.5%</FONT>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>Brazil</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>3.25</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>3.97</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-18.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>3.25</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>3.97</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-18.3%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>3.24</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>3.54</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-8.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>3.55</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>3.16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>12.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>Argentina</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>15.31</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>9.42</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>62.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>15.31</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>9.42</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>62.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>14.94</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>9.25</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>61.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>14.54</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>8.96</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>62.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>Chile</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>658</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>699</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-5.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>658</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>699</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-5.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>661</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>676</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-2.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>680</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>639</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>6.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>Colombia</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>2,880</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>3,122</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-7.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>2,880</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>3,122</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-7.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>2,946</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>2,938</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>3,065</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>2,635</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>16.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>Guatemala</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>7.52</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>7.68</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-2.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>7.52</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>7.68</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-2.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>7.55</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>7.66</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-1.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>7.64</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>7.66</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-0.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>Honduras</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>23.19</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>22.14</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>4.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>23.19</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>22.14</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>4.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>23.06</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>22.10</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>4.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>22.86</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>22.03</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>3.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>Nicaragua</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>28.97</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>27.59</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>5.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>28.97</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>27.59</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>5.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>28.79</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>27.42</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>5.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>28.44</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>27.09</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>5.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>Costa Rica</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>559</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>541</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>3.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>559</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>541</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>3.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>557</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>541</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>2.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>548</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>541</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>Peru</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>3.40</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>3.22</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>5.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>3.40</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>3.22</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>5.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>3.34</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>3.21</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>4.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>3.37</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>3.14</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>7.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>Paraguay</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>5,555</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>5,636</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-1.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>5,555</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>5,636</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-1.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>5,545</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>5,306</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>4.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>5,651</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>5,037</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>12.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>Uruguay</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>28.44</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>29.13</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-2.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>28.44</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>29.13</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-2.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>29.26</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>28.35</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>3.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>30.69</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>26.57</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>15.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>Dominican Republic</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>46.41</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>45.36</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>2.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>46.41</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>45.36</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>2.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>46.06</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>45.19</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>45.90</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>44.95</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>2.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>Austria &amp; CEE</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.89</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.89</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-0.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.89</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.89</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-0.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.90</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.90</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-0.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.90</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.90</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-0.1%</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=PT-BR style="FONT-SIZE: 12pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

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<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=Calibri,sans-serif></FONT>&nbsp;</P></DIV></DIV>

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<a name="_bclHeader20"></a><DIV>

<P style="MARGIN: 0cm 0cm 0pt"><FONT lang=EN-US style="FONT-SIZE: 12pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 cellPadding=0 border=0>



<TR>

   <TD width="34%"></TD>

   <TD width="11%"></TD>

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<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="100%" colSpan=7 align=left><FONT color=#0085a9 size=2 face=Asap>Exchange Rates Local Currency Units per MxP</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="34%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT color=#0085a9 size=1 face=Asap>3Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT color=#0085a9 size=1 face=Asap>3Q15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT color=#0085a9 size=1 face=Asap>Jan - Sep 15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT color=#0085a9 size=1 face=Asap>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>USA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.05</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.06</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-12.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.05</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.06</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-12.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.05</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.06</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-12.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.05</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.06</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-14.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>Brazil</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.23</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-28.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.23</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-28.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.22</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-19.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.19</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.20</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-4.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>Argentina</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.79</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.55</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>41.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.79</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.55</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>41.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.80</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.56</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>41.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.80</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.58</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>38.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>Chile</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>33.7</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>41.1</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-17.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>33.7</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>41.1</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-17.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>35.3</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>41.2</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-14.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>37.2</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>41.1</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-9.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>Colombia</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>148</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>184</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-19.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>148</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>184</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-19.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>157</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>179</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-12.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>168</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>169</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-1.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>Guatemala</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.39</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.45</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-14.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.39</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.45</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-14.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.40</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.47</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-13.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.42</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.49</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-15.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>Honduras</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.19</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.30</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-8.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.19</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.30</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-8.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.23</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.35</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-8.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.25</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.42</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-11.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>Nicaragua</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.49</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.62</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-8.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.49</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.62</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-8.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.54</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.67</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-8.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.56</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.74</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-10.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>Costa Rica</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>28.66</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>31.81</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-9.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>28.66</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>31.81</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-9.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>29.71</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>32.96</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-9.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>30.00</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>34.77</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-13.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>Peru</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.19</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-7.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.19</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-7.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.18</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.20</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-8.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.18</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>0.20</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-8.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>Paraguay</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>285</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>331</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-14.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>285</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>331</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-14.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>296</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>323</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-8.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>309</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>324</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-4.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap>Uruguay</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.46</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.71</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-14.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.46</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.71</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-14.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.56</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.73</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-9.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.68</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>1.71</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-1.7%</FONT>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 8.504pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=1 face=Asap>Dominican Republic</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=left>&nbsp; </TD></TR>

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   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>2.38</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>2.67</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-10.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>2.38</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>2.67</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-10.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid; TEXT-INDENT: 8.504pt" width="34%" align=left><FONT size=2 face=Asap>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>2.46</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>2.75</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-10.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>2.51</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>2.89</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #0085a9 1px solid" width="11%" align=right><FONT size=2 face=Asap>-13.1%</FONT>&nbsp;</TD></TR></TABLE></DIV>

<P style="MARGIN: 0cm 0cm 0pt">&nbsp;</P>

<P style="TEXT-ALIGN: justify"><FONT size=2 face=Asap>For further information please visit our website at: </FONT><B><FONT color=#007399 size=2 face=Asap>www.americamovil.com</FONT></B></P>

<P style="TEXT-ALIGN: justify"><FONT size=1 face=Asap>Am&#233;rica M&#243;vil, S.A.B. de C.V. (the &#8220;Company&#8221;) quarterly reports and all other written materials may from time to time contain forward-looking statements that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. Forward looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance, or achievements, and may contain words like &#8220;believe&#8221;, &#8220;anticipate&#8221;, &#8220;expect&#8221;, &#8220;envisages&#8221;, &#8220;will likely result&#8221;, or any other words or phrases of similar meaning. 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 report. In no event, neither the Company nor any of its subsidiaries, affiliates, directors, officers, agents or employees shall be liable before any third party (including investors) for any investment or business decision made or action taken in reliance on the information and statements contained in this document or for any consequential, special or similar damages.</FONT></P></DIV>

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<DIV align=center><FONT color=#000000 size=3 face="Times New Roman"><B>SIGNATURE </B></FONT></DIV>

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<DIV><FONT size=1></FONT>&nbsp;</DIV>

<DIV style="TEXT-INDENT: 0%" align=left><FONT color=#000000 size=3 face="Times New Roman">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. </FONT></DIV>

<DIV style="TEXT-INDENT: 0%" align=left><FONT color=#000000 size=3 face="Times New Roman">Date: December 14, 2016</FONT></DIV>

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   <DIV style="MARGIN-LEFT: 36%; TEXT-INDENT: -2%"><FONT color=#000000 size=2 face="Times New Roman">AM&#201;RICA M&#211;VIL, S.A.B. DE C.V. </FONT></DIV></TD></TR>

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   <TD vAlign=top width="3%"><FONT color=#000000 size=2 face="Times New Roman">By:</FONT><FONT size=1 face="Times New Roman">&nbsp;</FONT></TD>

   <TD vAlign=bottom width="37%" align=center>

   <DIV align=center><FONT color=#000000 size=2 face="Times New Roman">/<SMALL>S</SMALL>/&nbsp;Alejandro Cant&#250; Jim&#233;nez</FONT></DIV>

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   <TD vAlign=top width="3%"><FONT size=2 face="Times New Roman">Name:<BR>Title: </FONT></TD>

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   <DIV align=left><STRONG><FONT color=#000000 size=2 face="Times New Roman">Alejandro Cant&#250; Jim&#233;nez </FONT></STRONG><FONT color=#000000 size=2 face="Times New Roman"></FONT></DIV>

   <DIV align=left><FONT color=#000000 size=2 face="Times New Roman"><B>Attorney-in-fact</B></FONT></DIV></TD></TR></TABLE></DIV>

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