<SEC-DOCUMENT>0001292814-17-001059.txt : 20170427
<SEC-HEADER>0001292814-17-001059.hdr.sgml : 20170427
<ACCEPTANCE-DATETIME>20170427103547
ACCESSION NUMBER:		0001292814-17-001059
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20170331
FILED AS OF DATE:		20170427
DATE AS OF CHANGE:		20170427

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:		17786820

	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>amxpr1q17_6k.htm
<DESCRIPTION>PR 1Q17
<TEXT>

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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>

<DIV align=center>

<DIV><FONT color=#000000 size=3 face="Times New Roman"><B>For the month of&nbsp;April, 2017</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 Ampliaci&#243;n Granada&nbsp;<BR>Delegaci&#243;n Miguel Hidalgo,<BR>11529, Mexico City, 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>

<P></P>

<P></P>

<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: 0in 0in 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 first quarter of <BR>2017 financial and operating report</FONT></B></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 7pt" color=#5e5e5e face=Asap>Mexico City, April 25, 2017 - Am&#233;rica M&#243;vil, S.A.B. de C.V. (&#8220;Am&#233;rica M&#243;vil&#8221;) [BMV: AMX] [NYSE: AMX, AMOV] [LATIBEX: XAMXL], announced today its financial and operating results for the first quarter of 2017.&nbsp;</FONT></I></P>

<UL>

<LI><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>First quarter revenues were up 18.5% year-on-year in Mexican peso terms to 264 billion pesos, with EBITDA rising 15.8% to 72 billion pesos. At 27.1%, the EBITDA margin was slightly lower, 0.6 percentage points, than a year before.<BR>&nbsp;</FONT>

<LI><FONT lang=EN-US style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt" face=Asap></FONT><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>At constant exchange rates service revenues were up 3.1% continuing their trend of steady sequential improvements seen since the second quarter of 2016. Although Mexico and Colombia made important contributions in this recovery, it was broad based.<BR>&nbsp;</FONT>

<LI><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>EBITDA posted a 1.5% year-on-year increase at constant exchange rates&#8212;the first in eight quarters&#8212;representing a significant swing from the 8.1% decrease observed in the prior quarter. Mexico, Brazil, Colombia and Peru were all important contributors to this sequential improvement. The acceleration in service revenue growth and the implementation of cost control policies over the last quarters underpinned the expansion of EBITDA.<BR>&nbsp;</FONT>

<LI><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Our wireless postpaid base was up 5.1% year-on-year at the end of March, having added 632 thousand subs in the first quarter, while the prepaid base was down 3.3% after net disconnections of 1.4 million subs, mostly as a result of disconnections in the US under the SafeLink brand. Fixed-RGUs were up 1.8% year-on-year, with broadband accesses rising 6.4%. We finished the quarter with 363 million access lines.<BR>&nbsp;</FONT>

<LI><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>We registered a comprehensive financing income of 30.4 billion pesos in the quarter on the back of foreign exchange gains, mostly as a result of the Mexican peso appreciating vs. the dollar and the euro.&nbsp;<BR>&nbsp;</FONT>

<LI><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>With our operating profits rising 8.3% to 30.4 billion pesos, this comprehensive financing income helped us attain a net profit of 35.9 billion pesos in the period, up from 4.8 billion pesos a year before.&nbsp;<BR>&nbsp;</FONT>

<LI><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Our capital expenditures in the quarter totaled 28.6 billion pesos and we invested an additional 3.7 billion pesos in the acquisition of Olo in Per&#250; and Metronet in Croatia. Substantially all of these outlays were covered by our cash flow; the remainder financed by 2.0 billion pesos in net borrowings from the market.<BR>&nbsp;</FONT>

<LI><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>In peso terms, our net debt came down to 584 billion pesos from 630 billion in December mainly as a consequence of the appreciation of the Mexican peso vs. the dollar and the euro. Our leverage ratio remained practically unchanged from the prior quarter.</FONT></LI></UL>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 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: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>On March 8th, 2017, we received a resolution issued by the Federal Telecommunications Institute (IFT) related to its &#8220;biennial&#8221; evaluation of the asymmetrical regulations imposed on March 2014 to Telcel and Telmex. Certain asymmetrical regulations were modified and new regulations were added as follows:&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>A) For mobile services, the main modifications have to do with wireless wholesale services and seek to ensure that any interested party can replicate Telcel&#8217;s commercial offers.</FONT></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>B) For fixed services, the main modifications have to do with the legal separation of Telmex access network and passive infrastructure into a legal entity that, although owned by AMX (directly or indirectly), will have certain degree of operational independence from AMX, including an independent Board and Management. This entity will provide wholesale services associated with local loop unbundling and shared accesses to passive infrastructure. The legal separation is subject to a proposal prepared by us and to be approved by IFT. Other new measures imposed on Telmex seek to ensure (a) economic replicability of Telmex&#8217;s plans and commercial offers and (b) changes to the cost model associated with the pricing of links (enlaces).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap></FONT>&nbsp;</P><FONT lang=EN-US style="FONT-SIZE: 12pt" face=Calibri,sans-serif></FONT>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="60%" align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Am&#233;rica M&#243;vil Fundamentals (IFRS)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="60%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT style="COLOR: #7cc2eb" color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT style="COLOR: #7cc2eb" size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT style="COLOR: #7cc2eb" color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT style="COLOR: #7cc2eb" size=2>&nbsp;</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="60%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Earnings per Share (Mex$) </FONT><SUP><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>(1)</FONT></SUP>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.55</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.07</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="60%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Earning per ADR (US$) </FONT><SUP><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>(2)</FONT></SUP>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.53</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.08</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="60%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EBITDA per Share (Mex$) </FONT><SUP><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>(3)</FONT></SUP>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1.09</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.94</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="60%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EBITDA per ADR (US$)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1.06</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.04</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="60%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Net Income (millions of Mex$)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>35,855</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4,798</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="60%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average Shares Outstanding (billion)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>65.79</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>65.91</FONT>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=3 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>(1) Net Income / Average Shares Outstanding</FONT></I></TD></TR>

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   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=3 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>(2) 20 shares per ADR</FONT></I></TD></TR>

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   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=3 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>(3) EBITDA / Average Shares Outstanding</FONT></I></TD></TR></TABLE>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>On April 5th, 2017, we announced that our shareholders approved the payment of a dividend of MXP$0.30 (thirty peso cents) per share, payable in cash; in series &#8220;L&#8221; shares of AMX; or a combination thereof, according to the election of each shareholder. The dividend, payable in two installments, was increased from MXP$0.28 (twenty eight peso cents) per share decreed the prior year. Shareholders also approved the allocation of an amount equal to three billion pesos to its share buy-back reserve for the April 2017 &#8211; April 2018 period.&nbsp;</FONT></P>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" colSpan=4 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Am&#233;rica M&#243;vil&#8217;s Subsidiaries as of March 2017</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 5.669pt" vAlign=bottom align=left><FONT color=#7cc2eb size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Country</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" vAlign=bottom align=left><FONT color=#7cc2eb size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Brand</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" vAlign=bottom align=left><FONT color=#7cc2eb size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Business</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" vAlign=bottom align=right><FONT color=#7cc2eb size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Equity<BR>Participation</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Mexico</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Telcel</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Telmex</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>98.7%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Secci&#243;n Amarilla </FONT><SUP><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>(1)</FONT></SUP>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>other</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>98.4%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Telvista</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>other</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>89.4%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Argentina</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Telmex</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>99.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Brazil</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>97.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Chile</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Telmex</FONT><SUP><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>(1)</FONT></SUP>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Colombia</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>99.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Telmex</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>99.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Costa Rica</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Dominicana</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Ecuador</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro </FONT><SUP><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>(2)</FONT></SUP>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>El Salvador</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>95.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Guatemala</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>99.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Honduras</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Nicaragua</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>99.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Panama</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Paraguay</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Peru</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Puerto Rico</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Uruguay</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>USA</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Tracfone</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>100.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Netherlands</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>KPN</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>21.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 5.669pt" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Austria</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Telekom Austria</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>51.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" colSpan=4 align=left><I><FONT color=#4d4d4d size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>(1) Equity Participation of Telmex Internacional of which Am&#233;rica M&#243;vil owns 97.87%.</FONT></I></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" colSpan=4 align=left><I><FONT color=#4d4d4d size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>(2) In November, 2016 we merged our Ecuadorian wireline operations into our wireless one.</FONT></I></TD></TR></TABLE>

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

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>We ended March with 362.7 million access lines, practically flat from a year before, -0.7%, as our wireless base declined 1.4%. Wireless subscribers account for 77% of the total.&nbsp;&nbsp;&nbsp;</FONT></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>In the postpaid wireless segment, we added 632 thousand new clients in the quarter. Brazil led the way with 205 thousand followed by Mexico with 177 thousand and Colombia with 87 thousand. Our postpaid subscriber base rose 5.1% over the year. In the prepaid segment, we registered net disconnections of 1.4 million subscribers, mainly as a result of clients in the U.S. failing to qualify for federal support under the SafeLink brand.&nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>In the fixed-line platform we had 82.8 million fixed RGUs, 1.8% more than in the prior year. Broadband accesses were up 6.4% after connecting 258 thousand new accesses in the quarter, most of them in Central America, Colombia and Brazil. In voice lines and in DTH units&#8212;but not in other PayTV services&#8212;we registered net disconnections in the period.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Colombia was our fastest growing operation rising 9.1% over the year followed by Central America, which was up 8.0%.&nbsp;</FONT></P>

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   <TD width="100%" colSpan=6 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Subscribers as of March 2017</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="50%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="50%" colSpan=5 align=center><STRONG><FONT size=2 face=Arial>Total</FONT></STRONG><FONT size=2><B><SUP><FONT face=Asap-Bold,Arial,Helvetica,sans-serif>(1) </FONT></SUP></B><FONT face=Asap-Regular,Arial,Helvetica,sans-serif>(Thousands)</FONT></FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="50%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Country</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Mar &#8217;17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Dec &#8217;16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Mar &#8217;16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="50%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Argentina, Paraguay and Uruguay</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23,848</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23,749</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22,885</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="50%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Austria &amp; CEE</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20,622</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20,708</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20,530</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="50%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Brazil</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>60,237</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>60,171</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>65,289</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-7.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="50%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Central America</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15,293</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15,085</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15,584</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="50%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Caribbean</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,508</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,453</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,331</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="50%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Chile</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,710</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,628</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,465</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="50%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Colombia</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>29,153</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28,954</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28,340</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="50%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Ecuador</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,771</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,727</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,665</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="50%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Mexico</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>72,942</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>72,953</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>73,495</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="50%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Peru</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11,990</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12,075</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12,070</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="50%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>USA</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>24,745</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>26,070</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-5.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>25,211</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="50%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Wireless Lines</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>279,818</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>280,572</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-0.3%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>283,865</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-1.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" rowSpan=2 width="100%" colSpan=6 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>(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.</FONT></I></TD></TR>

<TR vAlign=bottom></TR></TABLE>

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

<TABLE style="WIDTH: 99%" cellSpacing=0 border=0>



<TR>

   <TD width="50%"></TD>

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

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

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

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

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

<TR vAlign=bottom>

   <TD width="100%" colSpan=6 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed-Line and Other Accesses (RGUs) as of March 2017</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="50%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="50%" colSpan=5 align=center><STRONG><FONT size=2 face=Arial>Total</FONT></STRONG><FONT size=2><B><SUP><FONT face=Asap-Bold,Arial,Helvetica,sans-serif>(1) </FONT></SUP></B><FONT face=Asap-Regular,Arial,Helvetica,sans-serif>(Thousands)</FONT></FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="50%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Country</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Mar &#8217;17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Dec &#8217;16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Mar &#8217;16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="50%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Argentina, Paraguay and Uruguay</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>632</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>618</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>586</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="50%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Austria &amp; CEE</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,920</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,900</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,594</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="50%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Brazil</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>36,439</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>36,717</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>36,876</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="50%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Central America</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,478</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,392</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,071</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="50%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Caribbean</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,694</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,663</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,553</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="50%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Chile</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,342</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,324</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,250</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="50%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Colombia</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,472</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,304</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,932</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="50%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Ecuador</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>358</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>352</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>354</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="50%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Mexico</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22,060</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22,178</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>21,694</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="50%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Peru</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,445</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,468</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,434</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="50%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total RGUs</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>82,840</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>82,915</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-0.1%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>81,345</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="10%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=6 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>(1) Fixed Line, Broadband and Television (Cable &amp; DTH).</FONT></I></TD></TR></TABLE>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>In the first quarter of 2017 economic activity remained sluggish in Brazil but appeared to be strengthening across the region. This included Mexico, that resumed its expansion after a rocky start of the year in the wake of the U.S. election as increased uncertainty about NAFTA&#180;s prospects impacted consumer sentiment and pummeled the peso. By the end of the quarter retail sales were surging and the peso vs. the dollar had risen to its best level since the U.S. election: it was the top performing currency in the period.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>First quarter revenues of 264 billion pesos were 18.5% higher than those of the year-earlier quarter, with EBITDA of 72 billion pesos rising 15.8% year-on-year.&nbsp; The EBITDA margin, 27.1%, was nearly flat in the period, having declined 0.6 percentage points.&nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Consolidated service revenues continued their comeback led by Mexico and Colombia. At constant exchange rates they were up 3.1% year-on-year compared to 0.7% the prior quarter and -0.2% in the third quarter. Most regions experienced sequential improvements in service revenue growth.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Every single business line presented sequential improvements in the first quarter at constant exchange rates, most notably mobile data revenues, whose rate of growth shot up from 11.7% in the fourth quarter to 16.5%. Voice revenues recovered sequentially on both platforms, particularly on the fixed-one, although are still posting negative rates of growth.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>As service-revenue growth accelerated, EBITDA continued to improve, with a significant swing from an 8.1% year-on-year decrease in the fourth quarter to an increase of 1.5% in the first quarter, the first increase in eight quarters. Mexico, Brazil, Colombia and Peru were all important contributors to this sequential improvement, with the latter experiencing an important turnaround and Mexico recovering rapidly.&nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Our operating profit rose 8.3% from the year-earlier quarter to 30.4 billion and, together with financial income in the amount of 30.4 billion pesos, helped us attain a net quarterly profit of 35.9 billion pesos. Financial income stemmed from foreign exchange gains of 37.1 billion pesos that resulted for the most part from the appreciation of the Mexican peso vs. both the dollar and the euro in the period. Our net profit was equivalent to&nbsp;55 peso cents per share and 53 dollar cents per ADR.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Capital expenditures totaled 28.6 billion pesos in the quarter. We invested an additional 3.7 billion pesos in the acquisition of ownership interests in Olo, in Peru, and Metronet in Croacia, and effected share buybacks in the amount of 444 million pesos. Substantially all of these outlays were covered by our cash flow; the remainder financed by 2.0 billion pesos in net borrowings from the market.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Notwithstanding our net borrowings, in peso terms our net debt came down to 584 billion pesos from 630 billion in December as a consequence of the appreciation of the currency. As of March, our net debt to EBITDA (LTM) ratio was mostly unchanged relative to the previous quarter.</FONT></P>

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<TABLE style="WIDTH: 99%" cellSpacing=0 border=0>



<TR>

   <TD width="61%"></TD>

   <TD width="13%"></TD>

   <TD width="13%"></TD>

   <TD width="13%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="100%" colSpan=4 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Am&#233;rica M&#243;vil&#8217;s Income Statement (IFRS) </FONT><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of Mexican pesos</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="61%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="61%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>231,276</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>194,303</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>19.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="61%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>32,881</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28,682</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>14.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="61%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>264,157</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>222,985</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>18.5%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="61%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Cost of Service</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>87,796</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>72,445</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>21.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="61%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Cost of Equipment</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>40,111</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>36,057</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="61%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Selling, General &amp; Administrative Expenses</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>63,030</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>51,167</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="61%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Others</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,717</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,581</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="61%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Costs and Expenses</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>192,654</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>161,251</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>19.5%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="61%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>71,504</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>61,735</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>15.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="61%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% of Total Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="61%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Depreciation &amp; Amortization</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>41,140</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>33,692</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="61%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>30,363</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>28,042</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>8.3%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="61%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% of Total Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="61%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Net Interest Expense</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7,155</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,947</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="61%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Other Financial Expenses</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-393</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11,912</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-103.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="61%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Foreign Exchange Loss</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-37,129</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,839</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>n.m.</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="61%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Comprehensive Financing Cost (Income)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-30,367</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>20,698</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-246.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="61%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Income &amp; Deferred Taxes</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>24,008</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,223</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>n.m.</FONT>&nbsp;</TD></TR>

<TR>

   <TD width="100%" colSpan=4>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="61%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Net Income before Minority</FONT>&nbsp;</TD>

   <TD width="13%" align=left>&nbsp; </TD>

   <TD width="13%" align=left>&nbsp; </TD>

   <TD width="13%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="61%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Interest and Equity Participation in Results</FONT>&nbsp;</TD>

   <TD width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>36,723</FONT>&nbsp;</TD>

   <TD width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,121</FONT>&nbsp;</TD>

   <TD width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>n.m.</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="61%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>of Affiliates</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=left>&nbsp; </TD></TR>

<TR>

   <TD width="100%" colSpan=4>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="61%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equity Participation in Results of Affiliates</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>31</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>37</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-17.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="61%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Minority Interest</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-899</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-360</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-149.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="61%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Net Income</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>35,855</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4,798</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="13%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>n.m.</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>n.m. Not meaningful</FONT></I></TD></TR></TABLE></DIV>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" colSpan=8 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Balance Sheet (in accordance with IFRS) - Am&#233;rica M&#243;vil Consolidated </FONT><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of Mexican Pesos</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Mar '17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Dec '16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Mar '17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Dec '16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" align=left><I><FONT size=2 face=Asap-Italic,Arial,Helvetica,sans-serif>Current Assets</FONT></I><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left>

   <P style="MARGIN-LEFT: 10pt"><I><FONT size=2 face=Asap-Italic,Arial,Helvetica,sans-serif>Current Liabilities</FONT></I><FONT size=2>&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Cash, Marketable</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD align=left><FONT size=2>&nbsp; </FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Securities &amp; Other Short</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>62,215</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>78,076</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-20.3%</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD align=left>

   <P style="MARGIN-LEFT: 10pt"><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Short Term Debt*</FONT><FONT size=2>&nbsp;</FONT></P></TD>

   <TD align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>69,573</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>82,607</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-15.8%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Term Ivestments</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Accounts Receivable</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>188,918</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>206,684</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-8.6%</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left>

   <P style="MARGIN-LEFT: 10pt"><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Accounts Payable</FONT><FONT size=2>&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>262,426</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>321,881</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-18.5%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" vAlign=middle align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Other Current Assets</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" vAlign=middle align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27,526</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" vAlign=middle align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20,279</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" vAlign=middle align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>35.7%</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" vAlign=middle align=left>

   <P style="MARGIN-LEFT: 10pt"><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Other Current<BR></FONT><FONT size=2><FONT face=Asap-Regular,Arial,Helvetica,sans-serif>Liabilities</FONT>&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" vAlign=middle align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>79,522</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" vAlign=middle align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>65,515</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" vAlign=middle align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>21.4%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Inventories</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>29,720</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>36,871</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-19.4%</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>411,522</FONT></B><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>470,003</FONT></B><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-12.4%</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>308,379</FONT></B><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>341,909</FONT></B><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-9.8%</FONT></B><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" colSpan=8><FONT size=2>&nbsp; </FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" align=left><I><FONT size=2 face=Asap-Italic,Arial,Helvetica,sans-serif>Non Current Assets</FONT></I><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left>

   <P style="MARGIN-LEFT: 10pt"><I><FONT size=2 face=Asap-Italic,Arial,Helvetica,sans-serif>Non Current Liabilities</FONT></I><FONT size=2>&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Plant &amp; Equipment</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>654,494</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>701,190</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-6.7%</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left>

   <P style="MARGIN-LEFT: 10pt"><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Long Term Debt</FONT><FONT size=2>&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>577,056</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>625,194</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-7.7%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Investments in Affiliates</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,270</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,603</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-9.3%</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left>

   <P style="MARGIN-LEFT: 10pt"><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Other Liabilities</FONT><FONT size=2>&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>150,411</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>148,821</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.1%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>727,467</FONT></B><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>774,015</FONT></B><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-6.0%</FONT></B><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" align=left><I><FONT size=2 face=Asap-Italic,Arial,Helvetica,sans-serif>Deferred Assets</FONT></I><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Goodwill (Net)</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>149,779</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>152,633</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1.9%</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Intangible Assets</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>117,915</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>128,598</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-8.3%</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left>

   <P style="MARGIN-LEFT: 10pt"><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Shareholder's Equity</FONT><FONT size=2>&nbsp;</FONT></P></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>272,490</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>271,024</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.5%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Deferred Assets</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>177,643</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>187,109</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-5.1%</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" align=left><FONT size=2>&nbsp; </FONT></TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" colSpan=8>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" vAlign=middle align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Assets</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" vAlign=middle align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,411,479</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" vAlign=middle align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,515,042</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" vAlign=middle align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-6.8%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" vAlign=middle align=left>

   <P style="MARGIN-LEFT: 10pt"><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Liabilities</FONT></B>&nbsp;<BR><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>and Equity</FONT></B>&nbsp;</P></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" vAlign=middle align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,411,479</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" vAlign=middle align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,515,042</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" vAlign=middle align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-6.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" colSpan=8 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Includes current portion of Long Term Debt.</FONT></I></TD></TR></TABLE></DIV>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 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: 99%" cellSpacing=0 border=0>



<TR>

   <TD width="60%"></TD>

   <TD width="20%"></TD>

   <TD width="20%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="100%" colSpan=3 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Financial Debt of Am&#233;rica M&#243;vil </FONT><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="60%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Mar -17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Dec -16</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="60%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Peso - denominated debt </FONT></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>(MxP)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>81,848</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>87,527</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 14.983pt" width="60%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Bonds and other securities</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>72,537</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>72,416</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 14.983pt" width="60%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Banks and others</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9,311</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15,111</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="60%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>U.S. Dollar - denominated debt </FONT></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>(USD)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>10,636</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>10,656</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 14.983pt" width="60%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Bonds and other securities</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9,936</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9,936</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 14.983pt" width="60%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Banks and others</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>700</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>720</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="60%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Euro Denominated Debt </FONT></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>(Euros)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>13,522</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>13,867</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 14.983pt" width="60%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Bonds and other securities</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>13,335</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>13,845</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 14.983pt" width="60%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Banks and others</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>187</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="60%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Debt denominated in other currencies </FONT></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>(U.S dollars equivalent)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4,987</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4,680</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 14.983pt" width="60%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Bonds and other securities</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4,585</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4,506</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 14.983pt" width="60%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Banks and others</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>402</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>173</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="60%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Debt* </FONT></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>(U.S dollars equivalent)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>34,378</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>34,142</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="60%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Cash, Marketable Securities and Short Term Financial</FONT></B>&nbsp;</TD>

   <TD width="20%" align=left>&nbsp; </TD>

   <TD width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="60%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Investments </FONT></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>(U.S dollars equivalent)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3,308</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3,766</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="60%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Net Debt** </FONT></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>(U.S dollars equivalent)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>31,071</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>30,375</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=3 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Includes the full face value of our hybrid bonds.</FONT></I></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=3 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>**Does not include the net value of our derivatives position.</FONT></I></TD></TR></TABLE>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 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: 0in 0in 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: 0in 0in 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: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>In Mexico we gained 177 thousand postpaid subscribers in the first quarter and disconnected 188 thousand prepaid ones to end the quarter with 72.9 million, with our overall subscriber base almost unchanged relative to last December. On the fixed-line platform we ended the quarter with 22.1 million RGUs, 1.7% more than a year before, as new broadband subscribers, 398 thousand since the first quarter of 2016, more than compensated for a 31 thousand reduction in fixed-voice clients.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Revenues totaled 63.4 billion pesos in the quarter and were 2.1% lower than in the year-earlier quarter. Service revenues continued their recovery posting a 3.6% year-on-year decline in the quarter that compares to a 7.5% reduction in the fourth quarter and a 10.2% one in the third quarter. The recovery was driven by faster data-services revenue growth, particularly in mobile, with revenues that accelerated from a 5.2% year-on-year increase in the fourth quarter to a 15.9% pace in the first one. Fixed-data services revenues also rose, as they went from a 0.2% decrease to a 3.6% increase in the same period.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Importantly, mobile ARPUs have come back from 127 in the second quarter of 2016 to 129 pesos. In terms of their annual rate of change, they went from -17.7% in the second quarter of 2016 to -2.3% in the first quarter of the year. Part of the ARPU improvement lies in the shift towards more postpaid subscribers, with our postpaid base increasing 6.7% while our prepaid base fell 2.1%. But the ARPU improvement owes a lot to changes in the commercial offerings that have reduced the life span of prepaid cards of different denominations and also enabled us to extract more revenues from data services.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>EBITDA came in at 20.2 billion pesos. In relative terms it showed an even more marked recovery than did service revenues: Whereas in the first quarter EBITDA was still down 12.6% year-on-year, it had been down 23.6% in the prior quarter and 24.6% in the third quarter. Revenue growth helped the recovery but so did a number of cost reduction measures that have been implemented over the last several months.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 99%" cellSpacing=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: #7cc2eb 1px solid" width="100%" colSpan=4 align=left><B><FONT color=#7cc2eb size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>INCOME STATEMENT (IFRS) - </FONT></B><B><I><FONT color=#7cc2eb size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Mexico </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of MxP</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>63,439</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>64,816</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-2.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>49,349</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>51,205</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>40,591</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>41,661</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 30.104pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28,342</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>29,300</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 30.104pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12,043</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11,618</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>24,787</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>24,833</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>20,235</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>23,143</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-12.6%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>31.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>35.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>12,936</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>16,671</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-22.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>25.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" width="100%" colSpan=4 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 and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.</FONT></I></TD></TR></TABLE>

<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 13.5pt"></P>

<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 13.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 13.5pt">&nbsp;</P>

<TABLE style="WIDTH: 99%" cellSpacing=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: #7cc2eb 1px solid" width="100%" colSpan=4 align=left><B><FONT color=#7cc2eb size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Mexico Operating Data (IFRS)</FONT></B></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>72,942</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>73,495</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-0.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12,192</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11,431</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>60,750</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>62,064</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>469</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>319</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>46.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPU (MxP)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>129</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>132</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-2.3%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.2%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.1%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.1</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>22,060</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>21,694</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Lines</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12,820</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12,851</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Broadband</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9,240</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,842</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" 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>

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<P style="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 13.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 12pt" color=#0085a9 face=Asap></FONT></B>&nbsp;</P>

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<P style="MARGIN: 0in 0in 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="MARGIN: 0in 0in 0pt; LINE-HEIGHT: 13.5pt"><STRONG><FONT color=#0085a9></FONT></STRONG>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Altogether, our operations in the Argentinean block finished March with 23.8 million wireless subscribers, 4.2% more than a year before, after net additions of 99 thousand subscribers in the first quarter. On the fixed-line platform RGUs increased 7.9% to 632 thousand.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Revenues totaled nearly 11 billion Argentinean pesos; they were up 20.9% year-on-year with service revenues expanding 28.7%. Mobile data revenues increased 57.9% as mobile voice revenues fell 5.4%. On the fixed-line platform, service revenues increased 26.0%; with fixed-data revenues decelerating from the prior quarter. Fixed service revenues only represent 7% of the total.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>EBITDA was up 20.1% year-on-year to 3.9 billion Argentinean pesos, recovering from a relative dip the prior quarter; it was equivalent to 35.7% of revenues.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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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<TABLE style="WIDTH: 99%" cellSpacing=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: #7cc2eb 1px solid" width="100%" colSpan=4 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#7cc2eb size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Argentina, Paraguay &amp; Uruguay </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of ARP</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>10,986</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>9,088</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>20.9%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9,018</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7,007</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>10,294</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,533</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 30.103pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,313</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,448</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 30.103pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,969</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,081</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-5.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>769</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>610</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>26.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3,922</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3,265</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>20.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>35.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>35.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3,032</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,584</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>17.3%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" width="100%" colSpan=4 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</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>Revenues 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></TD></TR></TABLE>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 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: 0in 0in 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: 99%" cellSpacing=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: #7cc2eb 1px solid" width="100%" colSpan=4 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Argentina, Paraguay &amp; Uruguay Operating Data (IFRS)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>23,848</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>22,885</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,468</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,557</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>21,380</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20,328</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>87</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>97</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-10.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPU (ARP)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>116</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>94</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>23.9%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2.0%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2.2%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>(0.2)</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>632</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>586</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>7.9%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" 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: 0in 0in 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: 0in 0in 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: 0in 0in 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: 0in 0in 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: 0in 0in 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: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><STRONG><FONT color=#0085a9></FONT></STRONG>&nbsp;</P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Our postpaid base continued to grow in Brazil as we added 205 thousand subs in the quarter, while we continued to disconnect prepaid clients. Hence, our postpaid base was up 9.8% year-on-year while our prepaid base was down 13.8% at the end of March.&nbsp; Fixed-RGUs totaled 36.4 million after net disconnections of 278 thousand units in the quarter from voice and entry-level (DTH) PayTV services.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>First quarter revenues of 8.9 billion reais were slightly lower than in the year-earlier quarter because of a decline in equipment revenues, but service revenues were up 0.8%, which compared to the 2.2% decline posted the previous quarter. There were important sequential improvements in mobile revenues, with mobile data revenues switching from -1.7% in the fourth quarter to +9.7% in the first, and mobile voice revenues slowing their rate of decline from 14.1% to 8.7%. On the fixed-platform there was a sequential improvement in voice but slight deceleration in data revenues. PayTV revenue growth continued at an even pace, of 2.4%.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Buoyed by the sequential improvement in service revenues, EBITDA rose 5.0% over the prior year&#8212;having declined 2.4% in the fourth quarter&#8212;to reach 2.5 billion reais helped along by cost reductions associated to technical areas of the business. The EBITDA margin expanded 1.5 percentage points to 27.8%.&nbsp;</FONT></P>

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

<TABLE style="WIDTH: 99%" cellSpacing=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: #7cc2eb 1px solid" width="100%" colSpan=4 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#7cc2eb size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Brazil </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of BrL</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>8,905</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>8,954</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-0.5%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,769</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,703</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,885</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,006</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-4.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 30.104pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,747</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,757</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 30.104pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>136</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>249</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-45.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,020</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,948</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,475</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,357</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5.0%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>26.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>280</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>147</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>90.9%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" width="100%" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions.</FONT></I></TD></TR></TABLE>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 99%" cellSpacing=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: #7cc2eb 1px solid" width="100%" colSpan=4 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Brazil Operating Data (IFRS)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>60,237</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>65,289</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-7.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>18,515</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>16,869</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>41,722</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>48,420</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-13.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>85</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>95</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-10.6%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPU (BrL)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>15</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>14</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>8.3%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.4%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.6%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>(0.2)</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>36,439</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>36,876</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-1.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" 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>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LETTER-SPACING: 0.1pt" face=Asap>We added 82 thousand wireless subscribers in the first quarter bringing the total base to 6.7 million by the end of March, 3.8% above last year; our postpaid subscriber base was up 15.4%. In addition, we had 1.3 million fixed-RGUs, 7.4% more than a year before as broadband accesses shot up 18.3%.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LETTER-SPACING: 0.1pt" face=Asap>Revenues of 201 billion Chilean pesos were 11.1% higher than a year before, with service revenues increasing 7.9%, their best performance in six quarters, on the back of data-services revenues that expanded 17.7% on the fixed platform and 16.5% on the mobile one.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt; LETTER-SPACING: 0.1pt" face=Asap>EBITDA growth continued to accelerate following the trend it has shown over the last several quarters, doubling in the first quarter relative to the year before to 26.9 billion Chilean pesos. It was equivalent to 13.4% of revenues, 6.0 percentage points more than the prior year.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 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: 99%" cellSpacing=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: #7cc2eb 1px solid" width="100%" colSpan=4 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#7cc2eb size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Chile </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of ChPL</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>200,689</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>180,706</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>11.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>179,180</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>166,022</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>131,772</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>118,218</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 30.103pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>110,378</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>102,860</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 30.103pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>21,509</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>14,684</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>46.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>75,112</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>68,048</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>10.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>26,858</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>13,273</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>102.3%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>13.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-26,904</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-39,505</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>31.9%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-13.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-21.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" width="100%" colSpan=4 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</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>Revenues 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></TD></TR></TABLE>

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

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

<TABLE style="WIDTH: 99%" cellSpacing=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: #7cc2eb 1px solid" width="100%" colSpan=4 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Chile Operating Data (IFRS)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6,710</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6,465</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,672</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,449</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,038</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,016</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>139</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>138</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPU (ChP)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,650</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,465</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5.3%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5.2%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.1</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,342</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,250</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>7.4%</FONT></B>&nbsp;</TD></TR>

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   <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>

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

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>We finished March with 29.2 million wireless subscriber after adding 199 thousand in the quarter, 87 thousand of them contract clients. The postpaid base rose 8.8% year-on-year to 6.5 million. On the fixed-line platform we had 6.5 million RGUs, 9.1% more than a year before, with landlines and broadband accesses growing 12.7% and 11.1%, respectively, and PayTV units increasing 4.7%.&nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>The quarter&#8217;s revenues of 2.8 trillion Colombian pesos were up 1.9% over the prior year. After five quarters of steady sequential improvements &#8212;albeit still with negative rates of growth&#8212; Claro posted its first year-on-year </FONT><I><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>increase</FONT></I><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap> in service revenues in several quarters, 2.1%. The latter was mostly driven by data-revenue growth: 19.7% on the mobile platform and 11.8% on the fixed one. &nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>EBITDA reached 1.1 trillion Colombian pesos. As with service revenues, Claro&#8217;s EBITDA had shown a clear improving trend over various quarters and posted a 12.0% increase relative to the year-earlier quarter, which compares to a 12.7% decline posted then. The improvement in EBITDA results partly from overall cost control policies, but owes more to the recovery in service revenue growth. The EBITDA margin stood at 39.7% of revenues; it was up 3.6 percentage points in a year.&nbsp;</FONT></P>

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   <TD width="15%"></TD>

   <TD width="15%"></TD>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="100%" colSpan=4 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#7cc2eb size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Colombia </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Billions of COP</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,761</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,711</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1.9%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,261</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,215</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.1%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,012</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,015</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.1%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 30.104pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,507</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,502</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.3%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 30.104pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>495</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>489</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.2%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>813</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>717</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>13.4%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,096</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>979</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>12.0%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>39.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>36.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=left>&nbsp; </TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>632</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>545</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>15.9%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=left>&nbsp; </TD></TR>

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   <TD style="TEXT-INDENT: 8.504pt" width="100%" colSpan=4 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</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>Revenues 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></TD></TR></TABLE>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="100%" colSpan=4 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Colombia Operating Data (IFRS)</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Wireless Subscribers* (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>29,153</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>28,340</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2.9%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,459</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,938</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8.8%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22,694</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22,401</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.3%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>196</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>204</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-3.7%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPU (COP)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>17,195</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>17,248</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-0.3%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.1%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>(0.6)</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Revenue Generating Units (RGUs)**</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6,472</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,932</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>9.1%</FONT></B>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 8.504pt" 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></TD></TR>

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   <TD style="TEXT-INDENT: 8.504pt" 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>

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

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>After net gains of 44 thousand wireless subs in the quarter our wireless subscriber base reached 8.8 million, 1.2% more than a year before. We also had 358 thousand fixed-RGUs.&nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Revenues were down 8.7% to 334 million dollars. Service revenues fell 10.9% year-on-year, a sequential improvement from the 14.1% decline posted the prior quarter, as mobile data revenues recovered from a rate of decline of 13.5% in the fourth quarter to one of 7.2% in the first one. There are several factors behind the annual contraction of service revenues including the introduction of new consumption taxes from the second quarter of 2016 and a 75% reduction in the mobile termination rate in the fourth quarter. Additionally, we continue to operate in a very competitive environment, with prices down by 36% on average.&nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>First quarter EBITDA totaled 126 million dollars or 37.9% of revenues. The period&#8217;s figures reflect a provision for certain payments related to the concession that have been under dispute. In absence of this provision, the EBITDA margin would have been 39.5%.</FONT></P>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="100%" colSpan=4 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#7cc2eb size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Ecuador </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of Dollars</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>334</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>365</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-8.7%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>284</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>319</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-10.9%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>314</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>347</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-9.5%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 30.104pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>265</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>301</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-11.9%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 30.104pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>48</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>46</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.9%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>19</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6.9%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>126</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>153</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-17.2%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>37.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>41.8%</FONT>&nbsp;</TD>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>75</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>101</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-25.9%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=left>&nbsp; </TD></TR>

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   <TD style="TEXT-INDENT: 8.504pt" width="100%" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions.</FONT></I></TD></TR>

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   <TD style="TEXT-INDENT: 8.504pt" width="100%" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>We merged the fixed and mobile companies in 4Q16, 1Q16 figures were adjusted for comparison purposes.</FONT></I></TD></TR></TABLE>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="100%" colSpan=4 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Ecuador Operating Data (IFRS)</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>8,771</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>8,665</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1.2%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,451</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,621</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-6.5%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,320</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,044</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.6%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>269</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>208</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>29.0%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPU (US$)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>10</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>12</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-14.3%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.4%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>(0.3)</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>358</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>354</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.9%</FONT></B>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 8.504pt" 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>

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

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Our wireless subscriber base ended March with nearly 12 million subs following the disconnection of 85 thousand clients in the quarter. On the fixed-line platform we had 1.4 million fixed RGUs, roughly flat from a year before.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Revenues of 1.3 billion soles were up 5.7% year-on-year, as service revenues increased 3.4%, the best showing in six quarters. Mobile data revenues increased 34.1% while voice revenues were down 16.1%, as the average price per minute of voice declined 37%. MOUs were up to 200 per month from 150 a year before. Fixed line revenues&#8212;16% of the total&#8212; were 1.9% higher than last year on the back of data that was up 5.1%.&nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>The strong expansion of mobile data revenues was made possible by Claro having done away with the spectrum limitation that had restricted its offerings over several quarters. The acquisition of new spectrum in an auction last year and the acquisition of OLO, an entity in Peru that owned additional spectrum, have allowed us a fuller utilization of our mobile network.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Helped along by the expansion of revenues, EBITDA reached an inflection point: at 278 million soles, it was up 8.8% over the prior year, the first annual increase in several quarters. The margin was equivalent to 20.7% of revenues.&nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>At the end of March Peru suffered the worst floods in decades. Unusually heavy rains brought about by El Ni&#241;o conditions drenched the northern territories of Peru. We were able to reinstate telecommunication services in the damaged areas in a timely manner; yet, our quarterly results partly reflect the impact of these unfortunate events.&nbsp;</FONT></P>

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

<TABLE style="WIDTH: 99%" cellSpacing=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: #7cc2eb 1px solid" width="100%" colSpan=4 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#7cc2eb size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Peru </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of Soles</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,344</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,272</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,165</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,127</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,131</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,064</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 30.103pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>941</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>913</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 30.103pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>178</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>143</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>24.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>213</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>208</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>278</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>255</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>8.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>97</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>90</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" width="100%" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions.</FONT></I></TD></TR></TABLE>

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

<TABLE style="WIDTH: 99%" cellSpacing=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: #7cc2eb 1px solid" width="100%" colSpan=4 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Peru Operating Data (IFRS)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>11,990</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>12,070</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-0.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4,092</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4,107</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7,898</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7,963</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>200</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>150</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>33.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPU (Sol)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>26</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>25</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.3%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5.8%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5.1%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.7</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,445</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,434</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" 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>

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<P style="MARGIN: 0in 0in 0pt"><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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=Asap>Central America</FONT></B></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>All in, on the fixed-line platform RGUs expanded 8.0% in annual terms to reach 5.5 million; growth was driven by broadband accesses, up 16.6% year-on-year. On the mobile front we ended March with 15.3 million subs after adding 207 thousand new clients in the first quarter.&nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Revenues rose 3.0% year-over-year to 568 million dollars, with service revenues increasing 1.2%. The trend of deceleration of service revenues continued on the back of the deceleration of mobile data revenues, particularly in Guatemala on account of pricing. &nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>EBITDA was up 1.9% annually to 195 million dollars with an EBITDA margin that stood at 34.3% of revenues.&nbsp;</FONT></P>

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<TABLE style="WIDTH: 99%" cellSpacing=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: #7cc2eb 1px solid" width="100%" colSpan=4 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#7cc2eb size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Central America </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of Dollars</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>568</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>551</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.0%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>524</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>518</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>380</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>374</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 30.103pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>342</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>340</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 30.103pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>37</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>33</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>192</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>181</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>195</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>191</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1.9%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>34.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>34.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>64</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>56</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>14.6%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>10.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" width="100%" colSpan=4 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</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>Revenues 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: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt">&nbsp;</P>

<TABLE style="WIDTH: 99%" cellSpacing=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: #7cc2eb 1px solid" width="100%" colSpan=4 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Central America Operating Data (IFRS)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>15,293</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>15,584</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-1.9%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,282</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,261</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>13,011</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>13,323</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>140</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>173</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-19.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPU (US$)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>8</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>7</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6.2%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6.4%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>(0.1)</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,478</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,071</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>8.0%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" 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="MARGIN: 0in 0in 0pt"><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: 0in 0in 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: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Our operations in the Caribbean had a total of 5.5 million wireless subscribers, 3.3% more than a year before, with the postpaid base increasing 5.8%. Fixed-RGUs increased 5.5% to 2.7 million.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>The quarter&#8217;s revenues, 478 million dollars, declined 1.1% relative to the prior year as a result of a contraction in voice revenues in the Dominican Republic. Service revenues in Puerto Rico showed signs of improvement, but failed to compensate for the said effect.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>EBITDA of 156 million dollars expanded 5.5% relative to the year-earlier quarter and the EBITDA margin was 32.5% up from 30.5% the year before. Growth comes from Puerto Rico where we have seen consistent improvements over the last five quarters.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 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: 99%" cellSpacing=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: #7cc2eb 1px solid" width="100%" colSpan=4 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#7cc2eb size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Caribbean </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of Dollars</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>478</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>484</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-1.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>421</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>433</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>270</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>272</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 30.104pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>218</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>226</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 30.104pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>52</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>47</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>208</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>212</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>156</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>147</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5.5%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>32.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>30.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>90</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>68</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>32.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>18.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>14.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" width="100%" colSpan=4 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 </FONT></I><EM><FONT color=#828282 size=1 face=Arial>Revenues 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><EM><FONT color=#828282 size=1 face=Arial>1Q16 figures have been adjusted to incorporate accounting changes in equipment revenues in Puerto Rico.</FONT></EM></TD></TR></TABLE>

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

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=asap></FONT></B>&nbsp;</P>

<TABLE style="WIDTH: 99%" cellSpacing=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: #7cc2eb 1px solid" width="100%" colSpan=4 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Caribbean Operating Data (IFRS)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,508</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,331</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.3%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,811</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,712</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,697</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,620</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>262</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>280</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-6.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPU (US$)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>13</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>14</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-6.5%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.6%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.6%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.0</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,694</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,553</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5.5%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" 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>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>We ended the quarter with 24.7 million subscribers after net disconnections of 1.3 million, most of them clients from our SafeLink brand that failed to certify they were still eligible for the program under U.S. federal rules.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>First quarter revenues, just shy of two billion dollars, exceeded by 13.1% those obtained a year before, with equipment revenues rising 22.0% and service revenues growing 12.0%. EBITDA came in at 211 million dollars and was up 30.4% from the year-earlier quarter, with an EBITDA margin of 10.6% of revenues, 1.4 percentage points more than a year before.&nbsp;</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>The annual comparison of our financials is affected by the acquisition of T-Mobile&#8217;s Walmart Family Plan in the third quarter of 2016. Adjusting for this, revenue growth would have been 3.8% year-on-year and EBITDA would have risen 24.6%.</FONT></P>

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

<TABLE style="WIDTH: 99%" cellSpacing=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: #7cc2eb 1px solid" width="100%" colSpan=4 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#7cc2eb size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>United States </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of Dollars</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,985</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,755</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>13.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 30.103pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,753</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,565</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 30.103pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>231</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>190</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>211</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>162</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>30.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>10.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>195</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>150</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>29.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=left>&nbsp; </TD></TR></TABLE>

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

<P style="MARGIN: 0in 0in 0pt">&nbsp;&nbsp;</P>

<TABLE style="WIDTH: 99%" cellSpacing=0 border=0>



<TR>

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   <TD width="15%"></TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="100%" colSpan=4 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>United States Operating Data (IFRS)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>24,745</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>25,211</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-1.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>519</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>501</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.5%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPU (US$)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>23</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>21</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>11.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5.4%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.3%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1.0</FONT></B>&nbsp;</TD></TR></TABLE>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Our European operations ended March with 20.6 million wireless subscribers, 0.4% more than a year before, as the increase in postpaid subscribers more than offset the losses of the prepaid segment. Fixed-RGUs were up 5.8% year-on-year following acquisitions in Belarus and Croatia; organically, RGUs would have (risen) 4.5%.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Group revenues were up 4.9% year-over-year to 1.1 billion euros. The annual comparison is affected by a) the acquisition of Metronet in Croatia that has been consolidated as of Febrary 1st and the acquisition of Atlant Telecom in Belarus consolidated as of December 1st; b) extraordinary items booked in Austria. Correcting for these, revenue growth would have increased 2.7%. &nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>Strong service revenue performance in Belarus, Croatia and Slovenia more than compensated for the elimination of international roaming tariffs within the E.U. Such move had a substantial impact in Austria given the strong inflow of tourists to visiting from other countries in the E.U.; yet, service revenues rose 0.7% over the year (excluding one-offs). On a group level, service revenues grew 2.2%, organically, buoyed by data services up 10% on both platforms.&nbsp;</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><FONT lang=EN-US style="FONT-SIZE: 7.5pt" face=Asap>First quarter EBITDA declined 1.5% relative to the prior year&#8212;proforma and stripping out extraordinary items&#8212;due to an increase in high-value subscriber retention costs and equipment costs; reported EBITDA was up 1.5%. The EBITDA margin stood at 32.1% of revenues.&nbsp;</FONT></P>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="100%" colSpan=4 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#7cc2eb size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Telekom Austria Group </FONT></I></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of Euros</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,059</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,009</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.9%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>956</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>914</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>644</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>629</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 30.103pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>524</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>520</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 30.103pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>97</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>90</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.5%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>415</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>381</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>340</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>334</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1.5%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>32.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>33.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>126</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>117</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>7.9%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" width="100%" colSpan=4 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 </FONT></I><EM><FONT color=#828282 size=1 face=Arial>Revenues 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><EM><FONT color=#828282 size=1 face=Arial>For further detail please visit www.telekomaustria.com/en/investor-relations</FONT></EM></TD></TR></TABLE>

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

<P style="MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 10.5pt" color=#0085a9 face=asap></FONT></B>&nbsp;</P>

<TABLE style="WIDTH: 99%" cellSpacing=0 border=0>



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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="100%" colSpan=4 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Telekom Austria Group Operating Data (IFRS)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Wireless Subscribers (thousands)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>20,622</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>20,530</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Postpaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15,074</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>14,804</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 21.464pt" width="55%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Prepaid</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,547</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,726</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>302</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>298</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1.3%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPU (Euros)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>9</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>10</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-10.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Churn (%)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2.0%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2.0%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>(0.0)</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Revenue Generating Units (RGUs) *</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,920</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,594</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.504pt" 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>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt; LINE-HEIGHT: 10.5pt"><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Glossary of Terms</FONT></B></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 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: 0in 0in 0in 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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   <TD width="80%"></TD></TR>

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   <TD vAlign=top width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPU</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>&nbsp;</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" vAlign=top width="80%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average Revenue per User. The ratio of service revenues in a given period </FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>to the average number of wireless subscribers in the same period. It is pre</FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>sented on a monthly basis.</FONT>&nbsp;</TD></TR>

<TR>

   <TD vAlign=top width="100%" colSpan=2>&nbsp; </TD></TR>

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   <TD vAlign=top width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>ARPM</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" vAlign=top width="80%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average Revenue per Minute. The ratio of service revenues to airtime traffic.</FONT>&nbsp;</TD></TR>

<TR>

   <TD vAlign=top width="100%" colSpan=2>&nbsp; </TD></TR>

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   <TD vAlign=top width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Capex</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>&nbsp;</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" vAlign=top width="80%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Capital Expenditure. Accrued capital expenditures related to the expansion </FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>of the telecommunications infrastructure.</FONT>&nbsp;</TD></TR>

<TR>

   <TD vAlign=top width="100%" colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Churn</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" vAlign=top width="80%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Disconnection Rate. The ratio of wireless subscribers disconnected during a </FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>given period to the number of wireless subscribers at the beginning of that </FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>period.</FONT>&nbsp;</TD></TR>

<TR>

   <TD vAlign=top width="100%" colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" vAlign=top width="80%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Earnings Before Interest and Taxes, also known as Operating Profit.</FONT>&nbsp;</TD></TR>

<TR>

   <TD vAlign=top width="100%" colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;<STRONG><FONT color=#007399 size=2 face=Arial>margin</FONT></STRONG><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif></FONT></TD>

   <TD style="TEXT-INDENT: 0pt" vAlign=top width="80%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>The ratio of EBIT to total operating revenue.</FONT>&nbsp;</TD></TR>

<TR>

   <TD vAlign=top width="100%" colSpan=2>&nbsp; </TD></TR>

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   <TD vAlign=top width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>&nbsp;</FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" vAlign=top width="80%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Earnings Before Interest, Taxes, Depreciation, and Amortization.</FONT>&nbsp;</TD></TR>

<TR>

   <TD vAlign=top width="100%" colSpan=2>&nbsp; </TD></TR>

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   <TD vAlign=top width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;<STRONG><FONT color=#007399 size=2 face=Arial>margin</FONT></STRONG><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif></FONT></TD>

   <TD style="TEXT-INDENT: 0pt" vAlign=top width="80%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>The ratio of EBITDA to total operating revenue.</FONT>&nbsp;</TD></TR>

<TR>

   <TD vAlign=top width="100%" colSpan=2>&nbsp; </TD></TR>

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   <TD vAlign=top width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EPS</FONT></B>&nbsp;<STRONG><FONT color=#007399 size=2 face=Arial>(Mexican</FONT></STRONG>&nbsp;<STRONG><FONT color=#007399 size=2 face=Arial>pesos)</FONT></STRONG><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif></FONT></TD>

   <TD style="TEXT-INDENT: 0pt" vAlign=top width="80%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Earnings per share. Total earnings in Mexican pesos divided by total shares.</FONT>&nbsp;</TD></TR>

<TR>

   <TD vAlign=top width="100%" colSpan=2>&nbsp; </TD></TR>

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   <TD vAlign=top width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Earnings</FONT></B>&nbsp;<STRONG><FONT color=#007399 size=2 face=Arial>per ADR</FONT></STRONG>&nbsp;<STRONG><FONT color=#007399 size=2 face=Arial>(US$)</FONT></STRONG><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif></FONT></TD>

   <TD style="TEXT-INDENT: 0pt" vAlign=top width="80%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total earnings in U.S. dollars divided by total ADRs equivalent.</FONT>&nbsp;</TD></TR>

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   <TD vAlign=top width="100%" colSpan=2>&nbsp; </TD></TR>

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   <TD vAlign=top width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Equity</FONT></B>&nbsp;<STRONG><FONT color=#007399 size=2 face=Arial>subscribers</FONT></STRONG><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif></FONT></TD>

   <TD vAlign=top width="80%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Subscribers weighted by the economic interest held in each company.</FONT>&nbsp;</TD></TR>

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   <TD vAlign=top width="100%" colSpan=2>&nbsp; </TD></TR>

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   <TD vAlign=top width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Gross</FONT></B>&nbsp;<STRONG><FONT color=#007399 size=2 face=Arial>additions</FONT></STRONG><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif></FONT></TD>

   <TD style="TEXT-INDENT: 0pt" vAlign=top width="80%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total number of subscribers acquired during the period.</FONT>&nbsp;</TD></TR>

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   <TD vAlign=top width="100%" colSpan=2>&nbsp; </TD></TR>

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   <TD vAlign=top rowSpan=2 width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Licensed</FONT></B>&nbsp;<STRONG><FONT color=#007399 size=2 face=Arial>pops</FONT></STRONG><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif></FONT></TD>

   <TD style="TEXT-INDENT: 0pt" vAlign=top rowSpan=2 width="80%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Licensed population. Population covered by the licenses that each of the </FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>companies manage.</FONT>&nbsp;</TD></TR>

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<TR>

   <TD vAlign=top width="100%" colSpan=2>&nbsp; </TD></TR>

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   <TD vAlign=top width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>LTE</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" vAlign=top width="80%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Long-term evolution is a 4th generation standard for wireless communica</FONT><FONT size=2 face=Arial>tion of high-speed data for mobile phones and data terminals.</FONT></TD></TR>

<TR>

   <TD vAlign=top width="100%" colSpan=2>&nbsp; </TD></TR>

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   <TD vAlign=top rowSpan=2 width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Market</FONT></B>&nbsp;<STRONG><FONT color=#007399 size=2 face=Arial>share</FONT></STRONG><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif></FONT></TD>

   <TD style="TEXT-INDENT: 0pt" vAlign=top rowSpan=2 width="80%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>A company&#8217;s subscriber base divided by the total number of subscribers in </FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>that country.</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom></TR>

<TR>

   <TD vAlign=top width="100%" colSpan=2>&nbsp; </TD></TR>

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   <TD vAlign=top width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" vAlign=top width="80%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Minutes of Use per subscriber. The ratio of wireless traffic in a given period </FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>to the average number of wireless subscribers in that same period. It is pre</FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>sented on a monthly basis.</FONT>&nbsp;</TD></TR>

<TR>

   <TD vAlign=top width="100%" colSpan=2>&nbsp; </TD></TR>

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   <TD vAlign=top width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Net</FONT></B>&nbsp;<STRONG><FONT color=#007399 size=2 face=Arial>subscriber</FONT></STRONG>&nbsp;<STRONG><FONT color=#007399 size=2 face=Arial>additions</FONT></STRONG><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif></FONT></TD>

   <TD style="TEXT-INDENT: 0pt" vAlign=top width="80%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>The difference in the subscriber base from one period to another. It is the </FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>different between gross additions and disconnections.</FONT>&nbsp;</TD></TR>

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   <TD vAlign=top width="100%" colSpan=2 align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif></FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>&nbsp;</FONT></TD></TR>

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   <TD vAlign=top width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Net debt</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>&nbsp;</FONT>&nbsp;</TD>

   <TD vAlign=top width="80%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total short and long term debt minus cash and marketable securities.</FONT>&nbsp;</TD></TR>

<TR>

   <TD vAlign=top width="100%" colSpan=2>&nbsp; </TD></TR>

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   <TD vAlign=top rowSpan=2 width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Net debt</FONT></B>&nbsp;<STRONG><FONT color=#007399 size=2 face=Arial>/ EBITDA</FONT></STRONG><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif></FONT></TD>

   <TD style="TEXT-INDENT: 0pt" vAlign=top rowSpan=2 width="80%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>The ratio of total short and long term debt minus cash and securities to trail</FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>ing 12-month income before interest, taxes, depreciation and amortization.</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom></TR>

<TR>

   <TD vAlign=top width="100%" colSpan=2>&nbsp; </TD></TR>

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   <TD vAlign=top rowSpan=2 width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Prepaid</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif></FONT></TD>

   <TD style="TEXT-INDENT: 0pt" vAlign=top rowSpan=2 width="80%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Subscriber that may purchase airtime to recharge a cellular phone. The cli</FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>ent does not hold a contract with the company for voice and data services.</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom></TR>

<TR>

   <TD vAlign=top width="100%" colSpan=2>&nbsp; </TD></TR>

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   <TD vAlign=top width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Postpaid</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" vAlign=top width="80%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Subscriber that has a contract for the use of airtime. The client has no need </FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>of activating airtime, it is done so immediately.</FONT>&nbsp;</TD></TR>

<TR>

   <TD vAlign=top width="100%" colSpan=2>&nbsp; </TD></TR>

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   <TD vAlign=top width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>SMS</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" vAlign=top width="80%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Short Message Service.</FONT>&nbsp;</TD></TR>

<TR>

   <TD vAlign=top width="100%" colSpan=2>&nbsp; </TD></TR>

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   <TD vAlign=top width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>SAC</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</TD>

   <TD style="TEXT-INDENT: 0pt" vAlign=top width="80%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Subscriber Acquisition Cost. The sum of handset subsidies, marketing ex</FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>penses and commissions to distributors for handset activation. Handset sub</FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>sidy is calculated as the difference between equipment cost and equipment </FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>revenues.</FONT>&nbsp;</TD></TR>

<TR>

   <TD vAlign=top width="100%" colSpan=2>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD vAlign=top rowSpan=2 width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Wireless</FONT></B>&nbsp;<STRONG><FONT color=#007399 size=2 face=Arial>penetration</FONT></STRONG><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif></FONT></TD>

   <TD style="TEXT-INDENT: 0pt" vAlign=top rowSpan=2 width="80%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>The ratio of total wireless subscribers in any given country divided by the </FONT><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>total population in that country.</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="100%" colSpan=4 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Exchange Rates Local Currency Units per USD</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="40%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

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   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Mexico</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>18.81</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>17.40</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20.42</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>18.04</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>13.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Brazil</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.56</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-11.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.14</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.90</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-19.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Argentina</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15.39</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>14.70</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15.67</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>14.45</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Chile</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>664</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>670</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>655</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>702</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-6.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Colombia</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,880</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,022</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-4.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,922</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,255</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-10.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Guatemala</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.34</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.71</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-4.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.43</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.68</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Honduras</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23.66</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22.79</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23.73</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22.71</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Nicaragua</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>29.68</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28.27</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>29.50</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28.10</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Costa Rica</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>567</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>542</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>565</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>543</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Peru</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.25</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.33</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.29</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.45</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-4.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Paraguay</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,638</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,629</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,653</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,796</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Uruguay</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28.54</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>31.74</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-10.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28.51</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>31.54</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-9.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Dominican Republic</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>47.37</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>45.84</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>47.08</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>45.74</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Austria &amp; CEE</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.94</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.88</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.94</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.91</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.6%</FONT>&nbsp;</TD></TR></TABLE></DIV>

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

<TABLE style="WIDTH: 99%" border=0 cellSpacing=0>



<TR>

   <TD width="40%"></TD>

   <TD width="20%"></TD>

   <TD width="20%"></TD>

   <TD width="20%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="100%" colSpan=4 align=left><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Exchange Rates Local Currency Units per MxP</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="40%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q17</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1Q16</FONT><FONT size=2>&nbsp;</FONT></TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT color=#7cc2eb size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT><FONT size=2>&nbsp;</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>USA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.05</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.06</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-7.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.05</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.06</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-11.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Brazil</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.20</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-17.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.22</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-28.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Argentina</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.82</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.84</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.77</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.80</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-4.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Chile</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>35.3</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>38.5</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-8.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>32.1</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>38.9</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-17.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Colombia</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>153</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>174</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-11.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>143</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>180</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-20.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Guatemala</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.39</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.44</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-11.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.36</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.43</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-14.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Honduras</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.26</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.31</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-4.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.26</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-7.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Nicaragua</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.58</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.62</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.44</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.56</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-7.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Costa Rica</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>30.16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>31.16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27.66</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>30.07</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-8.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Peru</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.19</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-9.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.19</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-15.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Paraguay</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>300</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>323</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-7.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>277</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>321</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-13.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Uruguay</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.52</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.82</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-16.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.40</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.75</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-20.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="40%" align=left><B><FONT color=#ffffff size=1 face=Asap-Bold,Arial,Helvetica,sans-serif>Dominican Republic</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.52</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.63</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-4.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid; TEXT-INDENT: 8.503pt" width="40%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.31</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.54</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #7cc2eb 1px solid" width="20%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-9.1%</FONT>&nbsp;</TD></TR></TABLE></DIV>

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<P style="TEXT-ALIGN: justify"><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>For further information please visit our website at: </FONT><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>www.americamovil.com</FONT></B></P>

<P style="TEXT-ALIGN: justify"><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>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 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: April 27, 2017</FONT></DIV>

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   <DIV style="TEXT-INDENT: -2%; MARGIN-LEFT: 36%"><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 style="BORDER-BOTTOM: #000000 1px solid" vAlign=bottom width="37%" align=left>

   <DIV><FONT color=#000000 size=2 face="Times New Roman">/<SMALL>S</SMALL>/&nbsp;Carlos Jos&#233; Garc&#237;a Moreno Elizondo</FONT></DIV></TD></TR>

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   <TD vAlign=top width="3%"><FONT size=2 face="Times New Roman">Name:<BR>Title: </FONT></TD>

   <TD vAlign=bottom width="37%" align=center>

   <DIV align=left><STRONG><FONT color=#000000 size=2 face="Times New Roman">Carlos Jos&#233; Garc&#237;a Moreno Elizondo&nbsp;</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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