<SEC-DOCUMENT>0001292814-18-000385.txt : 20180215
<SEC-HEADER>0001292814-18-000385.hdr.sgml : 20180215
<ACCEPTANCE-DATETIME>20180215110337
ACCESSION NUMBER:		0001292814-18-000385
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20180331
FILED AS OF DATE:		20180215
DATE AS OF CHANGE:		20180215

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:		18616626

	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>amxpr4q17_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>

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   <TITLE>amxpr4q17_6k.htm - Generated by SEC Publisher for SEC Filing</TITLE>
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<DIV align=center><FONT color=#000000 size=4 face="Times New Roman"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></DIV>

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

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

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

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

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

<DIV>&nbsp;</DIV>

<DIV align=center>

<DIV><FONT color=#000000 size=3 face="Times New Roman"><B>For the month of&nbsp;February, 2018</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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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

<DIV style="PAGE-BREAK-AFTER: always">&nbsp;</DIV></DIV>&nbsp; <A name="page_1"></A>

<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 5pt; PADDING-TOP: 0in; PADDING-LEFT: 0in; BORDER-LEFT: medium none; PADDING-RIGHT: 0in">

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 16pt; LINE-HEIGHT: 18pt" color=#007298 face=Asap-Bold>Am&#233;rica M&#243;vil&#8217;s fourth quarter of <BR>2017 financial and operating report</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 120%" color=black face=asap-regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#4c4c4c face=asap-italic>Mexico City, February 13, 2018 - 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], announced today its financial and operating results for the fourth quarter of 2017. </FONT></I></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><I><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 120%" color=#4c4c4c face=asap-italic></FONT></I>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>&#8226; Our postpaid wireless subscriber base posted a solid increase of 6.4% year-on-year after net additions of 1.7 million in the quarter, including one million in Brazil and 206 thousand in Mexico. On the fixed-line platform broadband accesses were up 4.2% year-on-year after adding 321 thousand accesses in the quarter.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>&#8226; Fourth quarter revenues of 264 billion pesos were down 2.0% in Mexican peso terms on account of FX movements, but at constant exchange rates they actually rose 0.5% with service revenues up 1.4%.&nbsp; </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>&#8226; Service revenue growth was driven by postpaid revenues, up 9.5%; prepaid data, up 9.7% and fixed-broadband revenues that rose 5.8%. Mobile ARPUs rose practically across the board driven by strong data revenue growth.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>&#8226; EBITDA totaled 70.2 billion pesos; it was up 6.8% in Mexican peso terms and 9.8% at constant exchange rates. South America and Mexico have shown great improvements with EBITDA rising 13.5% in each segment, at constant exchange rates. Most operations posted an increase in their EBITDA margin from a year before.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>&#8226; Fourth quarter figures were affected by a major revenue loss in Puerto Rico in the aftermath of hurricane Maria that hit the island in September. Excluding this operation, our consolidated service revenues would have been 1.9% higher than a year before and EBITDA would have risen 12.0% (at constant exchange rates).</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>&#8226; We posted a comprehensive financing cost of 37.3 billion pesos in the quarter, almost wholly determined by foreign exchange losses arising from the depreciation during the quarter of the Mexican peso vs. the U.S. dollar and the euro. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>&#8226; Our operating profit came in at 28.6 billion pesos, having increased 10.9% from the year-earlier quarter. However, after financing costs we posted a net loss of 11.3 billion pesos in the quarter.&nbsp; </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>&#8226; Our cash flow enabled us to cover capital expenditures of 136.7 billion pesos and shareholder distributions (share buybacks and dividends paid out, net of dividends received from KPN) of 15.0 billion pesos and to reduce our net debt by 47.9 billion pesos throughout the year to 614.5 billion pesos (equivalent to 2.0 times LTM EBITDA). </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

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   <TD width="34%"></TD>

   <TD width="25%"></TD>

   <TD width="22%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" colSpan=4 align=left><FONT color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Am&#233;rica M&#243;vil&#8217;s Subsidiaries as of December 2017</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 5.669pt" align=left><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Country</FONT>&nbsp;</TD>

   <TD align=left><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Brand</FONT>&nbsp;</TD>

   <TD align=left><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Business</FONT>&nbsp;</TD>

   <TD align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Equity</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Participation</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Telcel</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Telmex</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>98.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>other</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>98.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Telvista</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>other</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>90.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Telmex</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Telmex</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Claro</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Tracfone</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>KPN</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>21.1%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Telekom Austria</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>wireless/wireline</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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 97.90%.</FONT></I></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in; PADDING-LEFT: 0in; BORDER-LEFT: medium none; PADDING-RIGHT: 0in">

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: 14pt" color=#007298 face=Asap-Bold>Relevant Events</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>On November 13th, we made the second and final installment of our dividend payment of 30 Mexican peso cents per share corresponding to the year 2016. The second installment totaled 9.5 billion pesos in cash and 16.9 million series L shares, equivalent to 2.9% of the eligible shares. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>On November 30th, we announced we had entered into an agreement with the International Olympic Committee for the broadcast and exhibition rights for all countries in Latin America, except for Brazil, of the Summer and Winter Olympic Games for the period 2018-2024. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_3"></A>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="70%" align=left><FONT color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Am&#233;rica M&#243;vil Fundamentals (IFRS)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=left>&nbsp; </TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="70%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q16</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="70%" 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-0.17</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.09</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="70%" 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-0.18</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.09</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="70%" 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: #4dd9ff 1px solid" width="15%" 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: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.00</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EBITDA per ADR (US$)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1.12</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.01</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Net Income (millions of Mex$)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-11,295</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-5,972</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average Shares Outstanding (billion)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>66.07</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>65.66</FONT>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=3 align=left>

   <P style="MARGIN-TOP: 4pt"><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>(1) Net Income / Average Shares Outstanding </FONT></I></P></TD></TR>

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   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=3 align=left>

   <P style="MARGIN-TOP: 4pt"><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>(2) 20 shares per ADR </FONT></I></P></TD></TR>

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   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=3 align=left>

   <P style="MARGIN-TOP: 4pt"><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>(3) EBITDA / Average Shares Outstanding </FONT></I></P></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in; PADDING-LEFT: 0in; BORDER-LEFT: medium none; PADDING-RIGHT: 0in">

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: 14pt" color=#007298 face=Asap-Bold>Access Lines</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>We ended 2017 with 362 million accesses, slightly less than a year before, with our mobile postpaid and fixed-broadband accesses increasing 6.4% and 4.2%, and mobile prepaid and PayTV accesses falling by approximately 2.6% each. In fixed voice we lost 1.9% of our accesses as clients moved to triple play packages or to postpaid mobile services.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>In mobile postpaid we added 1.7 million subscribers in the fourth quarter&#8212;one million in Brazil and 206 thousand in Mexico and 109 thousand in Austria&#8212;to finish the year with 70.6 million subs.&nbsp; Our postpaid net adds surpassed those of the year-earlier quarter by 26.6%. In fixed broadband we gained 321 thousand clients in the quarter.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="45%" align=left><FONT color=#4dd9ff size=2 face=Arial>Wireless Subscribers as of December 2017</FONT></TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="55%" colSpan=5 align=center>&nbsp; <STRONG><FONT size=1 face=Arial>Total</FONT></STRONG><B><SUP><FONT size=1 face=Asap-Bold,Arial,Helvetica,sans-serif>(1) </FONT></SUP></B><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>(Thousands)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="45%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Country</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Dec &#8217;17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Sep &#8217;17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Dec &#8217;16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Argentina, Paraguay and Uruguay</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>24,091</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>24,000</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23,749</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Austria &amp; CEE</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20,658</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20,828</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20,708</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Brazil</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>59,022</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>60,398</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>60,171</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Central America</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15,927</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15,653</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15,085</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Caribbean</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,637</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,583</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,453</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Chile</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,985</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,880</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,628</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Colombia</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>29,353</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>29,112</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28,954</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Ecuador</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7,960</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,612</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-7.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,727</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-8.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Mexico</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>73,855</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>73,315</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>72,953</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Peru</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12,392</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12,238</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12,075</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="45%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>USA</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23,132</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23,743</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>26,070</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-11.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="45%" 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: #4dd9ff 1px solid" width="11%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>279,013</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>280,363</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-0.5%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid" width="11%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-0.6%</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) 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</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>consolidated.</FONT></EM></TD></TR></TABLE>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="60%" align=left><FONT color=#4dd9ff size=2 face=Arial>Fixed-Line and Other Accesses (RGUs) as of December 2017</FONT></TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="40%" colSpan=5 align=center>&nbsp; <STRONG><FONT size=1 face=Arial>Total</FONT></STRONG><B><SUP><FONT size=1 face=Asap-Bold,Arial,Helvetica,sans-serif>(1) </FONT></SUP></B><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>(Thousands)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="60%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Country</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Dec &#8217;17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Sep &#8217;17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Dec &#8217;16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="60%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Argentina, Paraguay and Uruguay</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>670</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>663</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>618</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="60%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Austria &amp; CEE</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,036</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,015</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,900</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="60%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Brazil</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>35,904</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>35,962</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>36,717</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="60%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Central America</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,811</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,698</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,392</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="60%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Caribbean</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,700</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,721</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,663</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="60%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Chile</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,354</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,353</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,324</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="60%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Colombia</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,753</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,679</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,304</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="60%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Ecuador</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>367</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>362</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>352</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="60%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Mexico</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>21,851</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>21,857</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22,178</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="60%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Peru</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,398</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,408</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,468</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="60%" 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: #4dd9ff 1px solid" width="8%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>82,844</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>82,719</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.2%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="8%" 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: #4dd9ff 1px solid" width="8%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-0.1%</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>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in; PADDING-LEFT: 0in; BORDER-LEFT: medium none; PADDING-RIGHT: 0in">

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: 14pt" color=#007298 face=Asap-Bold>Am&#233;rica M&#243;vil Consolidated Results</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>The last quarter of 2017 ended on a strong note, with inflation seemingly well contained and economic growth speeding up in most of the world, both in developed and in emerging countries. With commodity prices firming up, several Latin American countries found new stimulus for expansion, particularly in Brazil that is recovering from a long and protracted recession. In Central and Eastern Europe the region stood to benefit from the overall economic recovery in Western Europe that has been remarkably strong in bordering countries such as Germany and Austria.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>The positive economic momentum had us posting good revenue and EBITDA growth very much across the board, with data services leading the way on both the mobile and the fixed-line platforms; mobile ARPUs rose practically everywhere beefed up by data revenues. The investments we made over the last several years on convergence, including the deployment of fiber optic and the expansion of our 4G footprint, have provided us with the fastest data networks in our region. That gives us a competitive edge on our main business segments,&nbsp; which in most countries has helped us strengthen our position.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Our revenues totaled 264 billion pesos in the fourth quarter. They were down 2.0% in Mexican peso terms on account of foreign exchange rate movements; at constant exchange rates, however, revenues were up 0.5%, with service revenues rising 1.4%. Service revenue growth was driven by postpaid revenues, up 9.5%; prepaid data, up 9.7% and fixed-broadband revenues that rose 5.8%.&nbsp; </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>By regions, the most dynamic one was the South American block, with service revenue growth of 4.5% (at constant exchange rates) followed by Mexico, with 3.3%.&nbsp; </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Fourth quarter EBITDA totaled 70.2 billion pesos; it was up 6.8% in Mexican peso terms and 9.8% at constant exchange rates, compared to 1.3% in the prior quarter (not including the Colombia ruling), when EBITDA was hit by the natural disasters in Mexico and Puerto Rico. In South America EBITDA rose 13.5% at constant exchange rates, followed by Mexico with 13.5% and Central America with 7.8%.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>EBITDA margins were up in most of our operations with Mexico&#8217;s increasing by 4.1 percentage points, Brazil&#8217;s by 2.9, Ecuador&#8217;s by 3.9 and Peru&#8217;s by 6.5.</FONT></P>

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

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Our consolidated figures reflect the major loss of revenues in Puerto Rico, -16.1% year-on-year, in the aftermath of the hurricane that battered the island in September. The revenue decline, mostly to do with the lack of electrical power throughout the island and its impact on fixed-line telephony, resulted in an even greater drag on consolidated EBITDA, as that operation&#8217;s EBITDA margin plummeted to -3.5% in the fourth quarter from 21.6% in the second one. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Excluding Puerto Rico, our consolidated service revenues expanded 1.9% year-on-year and our EBITDA 12.0%. <FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Our operating profit came in at 28.6 billion pesos, having increased 10.9% from the year-earlier quarter. Relative to total revenues, it rose from 9.6% a year before to 10.8%. </FONT></FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 border=0>



<TR>

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

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

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

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

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

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

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

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" colSpan=7 align=left><FONT color=#4dd9ff 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: #4dd9ff 1px solid" align=left>&nbsp; </TD>

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

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

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan-Dec 17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan-Dec 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>220,920</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>223,513</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>878,411</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>831,885</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>42,939</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>45,821</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-6.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>143,222</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>143,527</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" 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: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>263,859</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>269,335</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-2.0%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,021,634</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>975,412</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Cost of Service</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>81,854</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>86,042</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-4.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>327,745</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>314,580</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Cost of Equipment</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>49,540</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>53,158</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-6.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>170,154</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>172,495</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Selling, General &amp; Administrative Expenses</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>59,718</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>62,499</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-4.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>238,883</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>225,866</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Others</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,594</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,960</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>32.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7,549</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,350</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>18.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" 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: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>193,706</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>203,659</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-4.9%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>744,332</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>719,291</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.5%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Adjusted EBITDA*</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>70,153</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>65,676</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" 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: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>277,302</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>256,122</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% of Total Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>26.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>24.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>26.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Depreciation &amp; Amortization</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>41,592</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>39,923</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>158,612</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>146,511</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Adjusted EBIT*</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>28,560</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>25,752</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>10.9%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>118,690</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>109,610</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% of Total Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>10.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Net Interest Expense</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7,080</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7,466</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-5.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27,375</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>29,669</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Other Financial Expenses</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-6,995</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4,339</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-261.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,944</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>16,226</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-88.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Foreign Exchange Loss</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>37,244</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>16,407</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>127.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>13,819</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>40,427</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-65.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" 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: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>37,329</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>28,212</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>32.3%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>43,138</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>86,323</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-50.0%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Income &amp; Deferred Taxes</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,485</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,654</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-44.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>30,691</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11,399</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>169.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

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

   <TD align=left>&nbsp; </TD>

   <TD align=left>&nbsp; </TD>

   <TD align=left>&nbsp; </TD>

   <TD align=left>&nbsp; </TD>

   <TD align=left>&nbsp; </TD>

   <TD align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

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

   <TD align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-10,254</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-5,114</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-100.5%</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>44,861</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11,889</FONT>&nbsp;</TD>

   <TD align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>277.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>of Affiliates</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" 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: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>10</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>55</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-81.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>91</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>190</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-51.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Minority Interest</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>326</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-914</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>135.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2,829</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3,429</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>17.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Adjusted Net Income (Loss)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-9,917</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-5,972</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-66.0%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>42,123</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>8,649</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>387.0%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Net Income (Loss)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-11,295</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-5,972</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-89.1%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>29,326</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>8,649</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>239.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 9.944pt" colSpan=7 align=left>

   <P style="LINE-HEIGHT: 13pt"><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>* Adjusted EBITDA and EBIT do not include the expense item associated with the arbitrage ruling in Colombia. For more details please visit https://www.bmv.com.mx/en/</FONT></I><EM><FONT color=#828282 size=1 face=Arial>issuers/financialinformation/AMX-6024-CGEN_CAPIT</FONT></EM><EM><FONT color=#828282 size=1 face=Arial></FONT></EM>&nbsp;</P></TD></TR></TABLE>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>We posted a comprehensive financing cost of 37.3 billion pesos in the quarter, almost wholly determined by foreign exchange losses arising from the depreciation of the Mexican peso vs. the U.S. dollar and the euro in the quarter; a year before, comprehensive financing costs had totaled 28.2 billion pesos. For the full year 2017 our comprehensive financing </FONT>


<FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>costs were down 50% from the year before, to 43.1 billion pesos.</FONT></P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>We had a net loss of 11.3 billion pesos in the fourth quarter, but a net profit of 29.3 billion pesos for the full year.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 border=0>



<TR>

   <TD width="21%"></TD>

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

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

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

   <TD width="4%"></TD>

   <TD width="21%"></TD>

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

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

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

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="100%" colSpan=9 align=left><FONT color=#4dd9ff 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: #4dd9ff 1px solid" width="21%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Dec '17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Dec '16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="21%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Dec '17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Dec '16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="21%" align=left><I><FONT size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>Current Assets</FONT></I>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="21%" align=left><I><FONT size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>Current Liabilities</FONT></I>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="21%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Cash, Marketable</FONT>&nbsp;</TD>

   <TD width="9%" align=left>&nbsp; </TD>

   <TD width="9%" align=left>&nbsp; </TD>

   <TD width="9%" align=left>&nbsp; </TD>

   <TD width="4%" align=left>&nbsp;</TD>

   <TD width="21%" align=left>&nbsp; </TD>

   <TD width="9%" align=left>&nbsp; </TD>

   <TD width="9%" align=left>&nbsp; </TD>

   <TD width="9%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="21%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Securities &amp; Other Short</FONT>&nbsp;</TD>

   <TD width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>83,391</FONT>&nbsp;</TD>

   <TD width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>78,076</FONT>&nbsp;</TD>

   <TD width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>6.8%</FONT>&nbsp;</TD>

   <TD width="4%" align=left>&nbsp;</TD>

   <TD width="21%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Short Term Debt*</FONT>&nbsp;</TD>

   <TD width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>51,746</FONT>&nbsp;</TD>

   <TD width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>82,607</FONT>&nbsp;</TD>

   <TD width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>-37.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="21%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Term Ivestments</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="21%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="21%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Accounts Receivable</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>201,814</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>206,684</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="21%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Accounts Payable</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>291,029</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>321,881</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>-9.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="21%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Other Current Assets</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>18,221</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>20,279</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>-10.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="21%" align=left><FONT size=1 face=Arial>Other Current </FONT><FONT size=1 face=Arial>Liabilities</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>70,562</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>65,515</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>7.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="21%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Inventories</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>38,810</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>36,871</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>5.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="21%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>413,336</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>470,003</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-12.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="21%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>342,235</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>341,909</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" 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: #4dd9ff 1px solid" width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="21%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="100%" colSpan=9>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="21%" align=left><I><FONT size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>Non Current Assets</FONT></I>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="21%" align=left><I><FONT size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>Non Current Liabilities</FONT></I>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="21%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Plant &amp; Equipment</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>676,343</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>701,190</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="21%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Long Term Debt</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>646,139</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>625,194</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>3.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="21%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Investments in Affiliates</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>3,735</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>3,603</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>3.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="21%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Other Liabilities</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>166,103</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>148,821</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>11.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="21%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="21%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>812,242</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>774,015</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.9%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="21%" align=left><I><FONT size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>Deferred Assets</FONT></I>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="21%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="21%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Goodwill (Net)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>151,463</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>152,633</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="21%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="21%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Intangible Assets</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>123,242</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>128,598</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>-4.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="21%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Shareholder's Equity</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>260,634</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>271,024</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="21%" align=left><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Deferred Assets</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>189,193</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>187,109</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=right><FONT size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>1.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="21%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="9%" align=left>&nbsp; </TD></TR>

<TR>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="100%" colSpan=9>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" vAlign=middle width="21%" 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: #4dd9ff 1px solid" vAlign=middle width="9%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,486,212</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" vAlign=middle width="9%" 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: #4dd9ff 1px solid" vAlign=middle width="9%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-1.9%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" vAlign=middle width="4%" align=left>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" vAlign=middle width="21%" align=left><STRONG><FONT color=#007399 size=2 face=Arial>Total Liabilities</FONT></STRONG>&nbsp;<BR><STRONG><FONT color=#007399 size=2 face=Arial>and Equity</FONT></STRONG>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" vAlign=middle width="9%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,486,212</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" vAlign=middle width="9%" 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: #4dd9ff 1px solid" vAlign=middle width="9%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-1.9%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=9 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>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Our net debt was down by 15.2 billion pesos in 2017 to 614.5 billion pesos. This figure reflects the flow reduction in net debt of 47.9 billion pesos throughout the year; the Colombian ruling in July that added 18.5 billion pesos to our debt (a ruling that is being reviewed in an arbitration court); and the impact of foreign exchange variations (in Mexican peso terms) on our balance sheet.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Our cash flow enabled us to cover capital expenditures of 136.7 billion pesos and shareholder distributions (share buybacks and dividends paid out, net of dividends received from KPN) of 15.0 billion pesos. We acquired ownership interests in some companies investing 6.7 billion pesos and contributed 14.8 billion pesos to the reduction of outstanding pension liabilities.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_7"></A>

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<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in">&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 border=0>



<TR>

   <TD width="70%"></TD>

   <TD width="15%"></TD>

   <TD width="15%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="100%" colSpan=3 align=left><FONT color=#4dd9ff 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: #4dd9ff 1px solid" width="70%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Dec -17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Dec -16</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="70%" 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>83,192</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" 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: #4dd9ff 1px solid; TEXT-INDENT: 14.983pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Bonds and other securities</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>70,692</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" 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: #4dd9ff 1px solid; TEXT-INDENT: 14.983pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Banks and others</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12,500</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="70%" 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>10,084</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" 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: #4dd9ff 1px solid; TEXT-INDENT: 14.983pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Bonds and other securities</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9,353</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" 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: #4dd9ff 1px solid; TEXT-INDENT: 14.983pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Banks and others</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>732</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>720</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="70%" 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>(EUR)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>12,564</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" 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: #4dd9ff 1px solid; TEXT-INDENT: 14.983pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Bonds and other securities</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12,564</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" 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: #4dd9ff 1px solid; TEXT-INDENT: 14.983pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Banks and others</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="70%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Sterling - denominated Debt </FONT></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>(GBP)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,750</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,750</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 12.823pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Bonds and other securities</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,750</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,750</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="70%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Reais - denominated Debt </FONT></B><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>(BRL)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4,234</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>545</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 12.823pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Bonds and other securities</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,500</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 12.823pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Banks and others</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>734</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>545</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="70%" 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>(MxP)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>17,864</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>23,195</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 14.983pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Bonds and other securities</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>17,765</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23,069</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 14.983pt" width="70%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Banks and others</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>99</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>126</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="70%" 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>(MxP)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>697,885</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>707,801</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="70%" 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="15%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>83,391</FONT></B>&nbsp;</TD>

   <TD width="15%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>78,076</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="70%" 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>(MxP)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="70%" 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>(MxP)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>614,494</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>629,726</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>* This table does not include the effect of forwards and derivatives used to hedge the foreign exchange exposure. The debt figures include the</FONT></I>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>face value amount of the outstanding Am&#233;rica M&#243;vil hybrid bonds (1,450M euros and 550M sterling), but do not include the TKA hybrid bond</FONT></EM>&nbsp;<EM><FONT color=#828282 size=1 face=Arial>(600M euros).</FONT></EM>&nbsp;</TD></TR></TABLE>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=ES-TRAD style="FONT-SIZE: 16pt; LINE-HEIGHT: 18pt" color=#007298 face=Asap-Bold></FONT></B>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=ES-TRAD style="FONT-SIZE: 16pt; LINE-HEIGHT: 18pt" color=#007298 face=Asap-Bold>Mexico</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>We added 206 thousand postpaid and 335 thousand prepaid subscribers in the fourth quarter to finish the year with 73.9 million wireless clients in Mexico, with our postpaid base rising 6.2% and our prepaid base roughly flat relative to the prior year. On the fixed-line platform we added 35 thousand broadband clients in the quarter to end the year with 9.3 million.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Our revenues of 72 billion pesos were similar to those of the year-earlier quarter, but service revenues increased 3.3% on the back of mobile service revenues that were up 8.3%. Prepaid data revenues have made an important contribution to revenue growth, with an 18.9% increase. Our blended mobile ARPU was up 7.2% year-on-year, marking its third consecutive quarterly increase. MBOUs rose 65% year-on-year, while MOUs increased 6.0% to 494 minutes, the highest level in Latin America.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>On the fixed-line platform service revenues were off 3.5% mostly on account of the slide that has been taking place over the last two or three quarters in international long distance and interconnection revenues, - 29.5%, and -21.5% respectively. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Mexican EBITDA soared 13.5% from the year-earlier quarter to 23.1 billion pesos.&nbsp;Relative to revenues, the EBITDA margin jumped from 28.0% in the last quarter of 2016 to 32.1% in the fourth quarter, helped along by reductions in subscriber acquisition costs.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Conversations have continued with the regulator (IFT) regarding the functional separation of Telmex and Telnor, through which certain elements of their local access network and passive infrastructure will be transferred into a separate entity to make them available for other operators to use on a wholesale basis. We currently expect that during March 2018, IFT will </FONT>


<FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>issue the final terms and conditions applicable to the functional separation in order to start the implementation process.</FONT></P>

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<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in">&nbsp;</P>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="100%" colSpan=7 align=left><B><FONT color=#4dd9ff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>INCOME STATEMENT (IFRS) - </FONT></B><B><I><FONT color=#4dd9ff 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: #4dd9ff 1px solid" width="34%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>72,036</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>72,722</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-0.9%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>267,586</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>269,136</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>51,921</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>50,256</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>202,980</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>200,568</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 21.464pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>49,781</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>49,364</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>177,868</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>175,794</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 30.103pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>31,225</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28,824</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>119,973</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>114,096</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 30.103pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>18,500</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20,370</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-9.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>57,374</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>60,449</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-5.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 21.464pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>24,104</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>25,527</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-5.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>97,174</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>101,012</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>23,097</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>20,347</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>13.5%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>84,996</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>85,727</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-0.9%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>32.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>31.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>31.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>15,535</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>13,121</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>18.4%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>55,195</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>58,500</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-5.6%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>21.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>18.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>21.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=7 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues </FONT></I><EM><FONT color=#828282 size=1 face=Arial>and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.</FONT></EM>&nbsp;</TD></TR></TABLE>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 16pt; LINE-HEIGHT: 18pt" color=#007298 face=Asap-Bold></FONT></B>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in">&nbsp;</P>

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<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="55%" align=left><B><FONT color=#4dd9ff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Mexico Operating Data (IFRS)</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>73,855</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>72,953</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12,766</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12,015</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>61,090</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>60,938</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>494</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>466</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6.0%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>142</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>7.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.5%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.9%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>21,851</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>22,178</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12,584</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12,949</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9,267</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9,229</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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="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>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in">&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 16pt; LINE-HEIGHT: 18pt" color=#007298 face=Asap-Bold>Argentina, Paraguay and Uruguay</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>We finished the quarter with 24.1 million mobile clients and 670 thousand fixed-line RGUs, up 1.4% and 8.3% respectively from the year-earlier quarter, as PayTV accesses expanded 15.1% in Paraguay. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Our revenues rose 25.7% to 13.9 billion Argentinean pesos, with service revenue growing to 30.9% as mobile data revenues soared 59.2%. On the fixed-line platform revenues rose 17.0% with PayTV revenues expanding over 45%, albeit from a small base. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>EBITDA was up 30% to 4.6 billion Argentinean pesos. The EBITDA margin stood at 32.8%, 1.1 percentage points more than a year before.</FONT>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt">&nbsp;</P><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>We have obtained the necessary regulatory approvals to begin selling PayTV in Argentina in 2018. We are committed to build an important number of homes passed to strengthen our fixed business in the country. </FONT>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>In Paraguay we were granted the use of 20MHz in the 700 MHz band in a public auction last December. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

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<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in; PADDING-LEFT: 0in; BORDER-LEFT: medium none; PADDING-RIGHT: 0in">

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in">&nbsp;</P>

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<TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="100%" colSpan=7 align=left><FONT color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#4dd9ff 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: #4dd9ff 1px solid" width="34%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>13,943</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>11,091</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>25.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>49,700</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>39,869</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>24.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11,058</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,445</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>30.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>40,792</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>30,741</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>32.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 21.463pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>13,151</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>10,439</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>26.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>46,723</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>37,446</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>24.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 30.103pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>10,259</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7,770</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>32.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>37,769</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28,282</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>33.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 30.103pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,885</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,647</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,908</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9,128</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 21.463pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>864</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>739</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>17.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,242</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,710</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>19.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4,569</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3,514</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>30.0%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>17,188</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>13,343</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>28.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>32.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>31.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>34.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>33.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3,518</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,660</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>32.2%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>13,341</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>10,281</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>25.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>24.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>26.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>25.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=7 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues 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>&nbsp;</TD></TR></TABLE>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: 14pt" color=#007298 face=Asap-Bold></FONT></B>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in">&nbsp;</P>

<TABLE style="WIDTH: 100%" 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: #4dd9ff 1px solid" width="100%" colSpan=4 align=left><FONT color=#4dd9ff 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: #4dd9ff 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>24,091</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>23,749</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,394</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,454</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>21,697</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>21,295</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>86</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-12.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>111</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>26.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 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: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>670</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>618</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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="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="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: 14pt" color=#007298 face=Asap-Bold></FONT></B>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: 14pt" color=#007298 face=Asap-Bold></FONT></B>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: 14pt" color=#007298 face=Asap-Bold></FONT></B>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: 14pt" color=#007298 face=Asap-Bold>Brazil</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>In the fourth quarter we added almost one million postpaid clients&#8212;our postpaid base was up 11.1% year-on-year&#8212;and disconnected 2.4 million prepaid subscribers to finish the year with just over 59 million wireless subscribers. Over the last quarters we have consistently increased our share of postpaid net adds in the market, nearly doubling it to 32% in the fourth quarter from the year-earlier quarter on the back of our new commercial plans that provide unlimited voice in all segments; the fastest mobile internet connections; and a major investment program to modernize and expand network coverage. We are currently the only mobile operator in the country delivering 4.5G services&#8212;which provides speeds up to 10x faster than regular 4G.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Fixed RGUs, almost 36 million, were down 2.2% after net disconnections of 170 thousand PayTV units, but broadband accesses continued to grow at a healthy pace&#8212;we connected 130 thousand accesses in the quarter and led the market growth in 2017, sustaining our leading position. It is important to note that in the &#8220;ultrabroadband&#8221; segment, we are the leader with over two million accesses thanks to our advanced fiber network capillarity that can deliver speeds of more than 34 Mbps. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Our revenues, 8.9 billion reais, were up 0.8% from the year-earlier quarter, with mobile service revenues rising 7.8% on the back of very strong data-revenue growth&#8212;42.3% in the quarter&#8212;which contributed greatly to the 10.2% increase in </FONT>


<FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>our mobile ARPU.</FONT></P>

<DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_10"></A>




<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>On the fixed-line platform service revenues declined 2.7% mostly on account of falling long-distance revenues&#8212;down 19.4%&#8212; but also of PayTV revenues, down 3.3%. On the other hand, fixed-broadband revenues continued to expand, increasing 3.8% year-on-year. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>EBITDA rose 11.6% year-on-year to 2.7 billion reais as a result of revenue improvements but also due to cost reductions in all areas of the company. The EBITDA margin expanded 2.9 percentage-points to 30.1%.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Claro has been changing the dynamics of the Brazilian market through innovation and constructing a unique value proposition focused on convergent solutions to connect people, households and companies. We are developing corporate solutions that combine advanced connectivity with cloud and IT, helping customers accelerate their digital transformation, lowering costs, improving time to market and creating positive impacts over their entire business.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 border=0>



<TR>

   <TD width="34%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="100%" colSpan=7 align=left><FONT color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#4dd9ff 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: #4dd9ff 1px solid" width="34%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>8,937</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>8,870</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.8%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>35,478</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>35,982</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-1.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,769</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,680</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>34,864</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>34,959</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 21.463pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,051</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,842</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11,674</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11,704</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 30.103pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,860</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,652</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11,017</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>10,689</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 30.103pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>168</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>190</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-11.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>614</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,019</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-39.7%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 21.463pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,887</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,029</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23,805</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>24,278</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,689</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,410</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>11.6%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>10,130</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>9,554</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6.0%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>30.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>26.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>577</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>255</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>126.3%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,484</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>820</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>81.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=7 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">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<TABLE style="WIDTH: 100%" 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: #4dd9ff 1px solid" width="100%" colSpan=4 align=left><FONT color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Brazil Operating Data (IFRS)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>59,022</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>60,171</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20,335</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>18,310</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>38,687</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>41,861</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-7.6%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B><B><SUP><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>(1)</FONT></SUP></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>103</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>96</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>7.3%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>16</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>10.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5.5%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>35,904</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>36,717</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-2.2%</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. (1) We modified the methodology for calculating MOUs. We no longer include M2M subscribers.</FONT></I></TD></TR></TABLE>

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

<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in; PADDING-LEFT: 0in; BORDER-LEFT: medium none; PADDING-RIGHT: 0in">

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: 14pt" color=#007298 face=Asap-Bold></FONT></B>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: 14pt" color=#007298 face=Asap-Bold>Chile</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>We had nearly seven million wireless subscribers in Chile at the end of the year, 5.4% more than a year before, after adding 105 thousand subscribers in the last quarter, 70% of which were postpaid subscribers. Fixed RGUs increased 2.2% relative to the prior year, with broadband accesses rising 10.9%.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Revenues increased 7.2% year-on-year to reach 228 billion Chilean pesos as service revenues increased 8.0%. Mobile and fixed data revenues led the way, expanding in the period 31.8% and 20.8%, respectively. Revenues on the fixed </FONT>


<FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>platform account for 35% of total revenues.</FONT></P>

<DIV></DIV>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Our constant efforts to control costs in the face of good revenue growth has allowed EBITDA to continue to expand rapidly, increasing 38.7% over the prior year to 35.1 billion Chilean pesos. The EBITDA margin, equivalent to 15.4% of revenues, was up 3.5 percentage points in the year.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LETTER-SPACING: 0.1pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="100%" colSpan=7 align=left><FONT color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#4dd9ff 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>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="34%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>227,982</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>212,672</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>7.2%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>851,277</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>766,932</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>11.0%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>191,465</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>177,336</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>746,117</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>683,553</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9.2%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 21.463pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>154,951</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>144,768</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>566,986</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>507,382</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.7%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 30.103pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>118,429</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>109,537</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>461,787</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>423,633</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9.0%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 30.103pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>36,516</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>35,337</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>105,162</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>83,380</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>26.1%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 21.463pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>80,783</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>73,906</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>313,887</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>282,284</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.2%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>35,116</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>25,319</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>38.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>123,252</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>72,743</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>69.4%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>14.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-19,194</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-28,254</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>32.1%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-89,884</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-139,353</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>35.5%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-8.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-13.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-10.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-18.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

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   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=7 align=left>

   <P style="LINE-HEIGHT: 13pt"><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues </FONT></I><EM><FONT color=#828282 size=1 face=Arial>and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.</FONT></EM>&nbsp;</P></TD></TR></TABLE>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="55%" align=left><FONT color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Chile Operating Data (IFRS)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=left>&nbsp; </TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6,985</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6,628</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5.4%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,897</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,612</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>17.6%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,088</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.4%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>174</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>155</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>12.7%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,841</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,685</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2.8%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6.0%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,354</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,324</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>* Fixed Line, Broadband and Television.</FONT></I></TD></TR></TABLE>

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<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in; PADDING-LEFT: 0in; BORDER-LEFT: medium none; PADDING-RIGHT: 0in">

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: 14pt" color=#007298 face=Asap-Bold></FONT></B>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: 14pt" color=#007298 face=Asap-Bold></FONT></B>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: 14pt" color=#007298 face=Asap-Bold>Colombia</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>We added 240 thousand wireless subscribers in the fourth quarter&#8212;of which 84 thousand were postpaid&#8212;to finish the year with 29.4 million wireless subscribers, 1.4% more than a year before. Our postpaid base increased 5.0% annually to 6.7 million contract clients. On the fixed-line side, our fixed-line RGUs were up 7.1% to 6.8 million, with land-lines and broadband accesses expanding 11.1% and 8.1%, respectively.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Total revenues were up 2.6% over the year to 2.9 trillion Colombian pesos. Service revenues expanded 3.6%, driven by fixed-line service revenues that increased 10.3% supported by data-services and PayTV revenue growth of 7.2% and 13.4%, respectively. We have made important investments in the fixed-line segment and our mix of revenues has changed such that fixed service revenues now account for 37% of the total.&nbsp; </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>On the mobile platform service revenues were practically flat year-on-year in a very competitive market with aggressive holiday promotions. </FONT></P>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>EBITDA was up 5.5% vs. the year-earlier quarter to 1.2 trillion Colombian pesos; the EBITDA margin, 39.8%, was up one percentage point from a year before. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>On December 20th, 2017, we submitted our memorial in the arbitration claim against the Republic of Colombia, initiated in August 2016, requesting compensation pursuant to the Mexico-Colombia Free Trade Agreement in relation to certain measures adopted by Colombia since August 2013, including a decision from the Colombian Constitutional Court holding that certain laws eliminating the reversion of telecommunication assets did not apply to Comcel&#8217;s concessions. As a result, the Colombian Government refused to recognize Comcel&#8217;s property rights over those assets and obligated Comcel to pay an amount equivalent to the value of said assets.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="100%" colSpan=7 align=left><FONT color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#4dd9ff 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>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="34%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,918</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,844</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2.6%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>11,290</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>10,978</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,300</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,220</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9,109</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,771</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 21.463pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,118</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,116</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,178</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,095</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 30.103pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,492</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,488</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,948</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,847</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 30.103pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>609</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>615</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,152</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,177</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 21.463pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>859</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>790</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,340</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,023</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>10.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Adjusted EBITDA*</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,163</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,102</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5.5%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4,499</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4,069</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>39.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>38.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>39.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>37.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Adjusted EBIT*</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>664</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>601</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>10.5%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,589</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,248</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>15.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>21.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=7 align=left>

   <P style="LINE-HEIGHT: 13pt"><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. The full-year adjusted EBITDA does not include a cash payment of 3,155 billion Colombian pesos associated to the reversal of telecom assets under our concession <FONT size=1 face=Arial>titles</FONT></FONT></I></P></TD></TR>

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   <TD width="100%" colSpan=7 align=left>

   <P style="LINE-HEIGHT: 13pt"><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif><EM></EM></FONT>&nbsp;</P></TD></TR></TABLE>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="55%" align=left><FONT color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Colombia Operating Data (IFRS)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=left>&nbsp; </TD>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>29,353</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>28,954</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1.4%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,688</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,372</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.0%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22,665</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22,582</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.4%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B><B><SUP><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>(1)</FONT></SUP></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>202</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>212</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-4.8%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>16,915</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>17,205</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-1.7%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.6%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.1</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6,753</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6,304</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>7.1%</FONT></B>&nbsp;</TD></TR>

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   <P style="MARGIN-TOP: 4pt; LINE-HEIGHT: 13pt"><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><EM><FONT color=#828282 size=1 face=Arial>Colombia (MinTIC).** Fixed Line, Broadband and Television</FONT></EM></P></TD></TR>

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   <TD style="TEXT-INDENT: 8.504pt" width="100%" colSpan=4 align=left>

   <P style="MARGIN-TOP: 4pt"><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>** Fixed Line, Broadband and Television. (1) We modified the methodology for calculating MOUs. We no longer include M2M subscribers.</FONT></I></P></TD></TR></TABLE>

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

<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in; PADDING-LEFT: 0in; BORDER-LEFT: medium none; PADDING-RIGHT: 0in">

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: 14pt" color=#007298 face=Asap-Bold>Ecuador</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>We ended the year with nearly eight million subscribers after disconnecting 651 thousand clients in the fourth quarter, all of them prepaid. On the postpaid segment, we registered net gains of 27 thousand subscribers. Fixed RGUs were up 4.3% to 367 thousand, with broadband accesses rising 11.3%.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Revenues declined 9.4% to 320 million dollars, with service revenues falling 3.9% year-on-year as mobile voice revenues declined 16.5% on account of competitive pressures that have brought prices down to one dollar-cent per minute of voice. Mobile data revenues, up 9.2% year-on-year, compensated partly the impact of declining voice revenues. Fixed revenues, on their part, continued to show strong growth, rising 23.6% in the period. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Fourth quarter EBITDA was 143 million dollars, down 0.8% in absolute terms. Relative to revenues, the margin rose 3.9 percentage points to 44.9%.</FONT></P>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="100%" colSpan=7 align=left><FONT color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#4dd9ff 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: #4dd9ff 1px solid" width="34%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>320</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>353</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-9.4%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,311</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,438</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-8.9%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>280</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>291</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,130</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,225</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-7.8%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 21.463pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>299</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>336</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-11.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,228</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,366</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-10.1%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 30.103pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>260</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>275</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-5.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,052</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,157</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-9.1%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 30.103pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>39</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>60</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-36.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>176</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>209</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-15.8%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 21.463pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>21</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>83</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>72</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15.3%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>143</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>145</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-0.8%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>522</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>603</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-13.3%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>44.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>41.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>39.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>41.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>88</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>93</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-4.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>310</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>395</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-21.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>26.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=7 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">&nbsp;</P>

<TABLE style="WIDTH: 100%" 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: #4dd9ff 1px solid" width="100%" colSpan=4 align=left><FONT color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Ecuador Operating Data (IFRS)</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>7,960</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>8,727</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,547</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,439</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,413</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,288</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-13.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>353</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>240</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 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: #4dd9ff 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: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>7.3%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.5%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2.8</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>367</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>352</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.3%</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">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in; PADDING-LEFT: 0in; BORDER-LEFT: medium none; PADDING-RIGHT: 0in">

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: 14pt" color=#007298 face=Asap-Bold>Peru</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Our wireless subscriber base ended 2017 with 12.4 million subscribers, 2.6% more than a year before, after net additions of 153 thousand clients in the fourth quarter, including 76 thousand postpaid subscribers. After eight months of being net gainers form mobile number portability, in December we became the leader in portability by a difference of 28% vs. the second place. Additionally, we had 1.4 million fixed-line RGUs, a 4.8% reduction from a year before mostly due to the disconnection of land-line subscriptions.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>The quarter&#8217;s revenues were up 0.7% to 1.4 billion soles with service revenues increasing 0.4%. Mobile service revenues grew 1.7% with mobile data revenues rising 14.7%. Wireless voice prices have fallen by 30% as we introduced unlimited calling in some of our plans. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>EBITDA rose 43.2% annually to 307 million soles basically on the back of our cost-reduction efforts that led total costs and expenses to fall by 7.1% year-on-year. The EBITDA margin rose to 22.1% of revenues up from 15.5% in the last quarter of 2016. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>We continue to expand the coverage of our 4G-LTE networks. In addition, in December&nbsp; we won in a public bidding, a project to roll out almost 1,800 Km of fiber optic networks in 264 cities and towns. The project has a cost of 96.7 million dollars and is government sponsored.&nbsp; </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<DIV></DIV>

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&nbsp; <A name="page_14"></A>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 border=0>



<TR>

   <TD width="34%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="100%" colSpan=7 align=left><FONT color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#4dd9ff 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: #4dd9ff 1px solid" width="34%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,389</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,379</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,436</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,244</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,180</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,175</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4,694</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4,551</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 21.463pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,177</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,162</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4,590</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4,387</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 30.103pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>960</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>943</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,812</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,650</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 30.103pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>209</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>203</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>739</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>684</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 21.463pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>213</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>217</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>846</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>857</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>307</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>214</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>43.2%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,275</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>925</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>37.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>17.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>124</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>28</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>345.8%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>531</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>222</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>138.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=7 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">&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<TABLE style="WIDTH: 100%" 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: #4dd9ff 1px solid" width="55%" align=left><FONT color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Peru Operating Data (IFRS)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>12,392</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>12,075</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2.6%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4,157</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4,099</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8,235</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7,976</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>221</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>13.0%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" 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: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-0.9%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 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: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,398</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,468</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-4.8%</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>

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

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in; PADDING-LEFT: 0in; BORDER-LEFT: medium none; PADDING-RIGHT: 0in">

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: 14pt" color=#007298 face=Asap-Bold>Central America</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Our Central American operations added 274 thousand mobile subscribers in the fourth quarter to finish December with 15.9 million clients. On the fixed-line platform we had 5.8 million accesses, 7.8% more than a year before; growth was driven by broadband accesses that rose 15.1%. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Revenues rose 4.7% year-on-year to 605 million dollars, with service revenues rising 1.5% driven by data revenues that expanded 10% on the mobile platform and 8.7% on the fixed one. Pay TV revenues were up 7.8% year-on-year.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>EBITDA was up 7.6% year-on-year to 210 million dollars and the EBITDA margin expanded one percentage point to 34.8%.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

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<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_15"></A>

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   <TD width="11%"></TD>

   <TD width="11%"></TD>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="100%" colSpan=7 align=left><FONT color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#4dd9ff 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: #4dd9ff 1px solid" width="34%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>605</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>578</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,332</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,260</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>541</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>533</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,133</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,103</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 21.463pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>408</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>397</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,551</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,538</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 30.103pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>354</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>350</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,383</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,375</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 30.103pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>54</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>44</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>166</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>155</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 21.463pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>199</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>184</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>791</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>736</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>210</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>196</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>7.6%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>817</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>777</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>34.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>33.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>35.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>34.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>86</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>52</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>65.3%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>305</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>216</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>41.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>14.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>13.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=7 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues </FONT></I><EM><FONT color=#828282 size=1 face=Arial>and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.</FONT></EM>&nbsp;</TD></TR></TABLE>

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

<TABLE style="WIDTH: 100%" 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: #4dd9ff 1px solid" width="55%" align=left><FONT color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Central America Operating Data (IFRS)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>15,927</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>15,085</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5.6%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,400</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,250</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>13,527</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12,835</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B><B><SUP><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>(1)</FONT></SUP></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" 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: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6.8%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>8.5%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,811</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,392</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>7.8%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=4 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>* Fixed Line, Broadband and Television. (1) We modified the methodology for calculating MOUs. We no longer include M2M subscribers.</FONT></I></TD></TR></TABLE>

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

<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in; PADDING-LEFT: 0in; BORDER-LEFT: medium none; PADDING-RIGHT: 0in">

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: 14pt" color=#007298 face=Asap-Bold>Caribbean</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>We had 5.6 million wireless subscribers in the Caribbean at the end of 2017, 3.4% more a year ago. Net subscriber additions were 54 thousand, 24 thousand of them in Puerto Rico. The postpaid subscriber base increased 4.1%, mostly in the Dominican Republic, to 1.9 million. Fixed-line RGUs reached 2.7 million accesses, up 1.4% year-on-year.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>The situation in Puerto Rico following the damage that occurred after hurricane Maria hit the island in September remains very complicated. Roughly 50% of the territory still lacks electrical power, which has made the restoration of the telecommunication services difficult. We worked rapidly to reestablish service on our networks; almost all our wireless base stations are now operating but more than half are being powered by diesel making it more expensive and complex for them to operate.&nbsp; As regards our fixed-line infrastructure, around 75% of the infrastructure is operational; however, we have had to credit back the rents of clients that can&#8217;t use the service because they don&#8217;t have electricity. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Revenues in the Caribbean declined 9.0% year-on-year, basically because of the 16.1% revenue drop in Puerto Rico in the quarter. In the Dominican Republic, revenues were up 2.9% year-on-year on the back of data revenues that expanded 13.4% on the mobile platform and 11.6% on the fixed one. It is important to note that wireless service revenues in Puerto Rico have practically returned to their &#8220;normal&#8221; level&#8212;they were down 3% from a year before&#8212;but those on the fixed-line platform were over 40% lower than in the year-earlier quarter because of the inability of our clients to use the service given the lack of power in the island.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>EBITDA declined 37.2% year-on-year to 100 million dollars, which is explained by the EBITDA loss of eight million dollars posted by Puerto Rico due to the important decline in revenues and extraordinary expenses related to the reconstruction and operation of our networks since the hurricane. In the Dominican Republic EBITDA rose 9.3% over the year.</FONT></P>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="100%" colSpan=7 align=left><FONT color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#4dd9ff 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>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="34%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>448</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>492</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-9.0%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,847</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,954</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-5.5%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>376</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>427</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-11.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,611</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,723</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 21.463pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>277</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>276</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,046</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,096</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-4.5%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 30.103pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>210</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>217</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>835</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>888</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-6.0%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 30.103pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>69</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>60</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>13.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>219</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>211</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.0%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 21.463pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed Line and Other Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>171</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>216</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-20.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>801</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>858</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-6.6%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>100</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>158</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-37.2%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>534</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>613</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-13.0%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>32.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>31.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>26</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>95</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-72.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>256</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>336</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-23.8%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>19.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>13.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>17.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

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   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=7 align=left>

   <P style="LINE-HEIGHT: 13pt"><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues reflect eliminations derived from both the overlap of fixed and mobile operations as well as international intercompany transactions; Wireless Revenues </FONT></I><EM><FONT color=#828282 size=1 face=Arial>and Fixed Line and Other Revenues only exclude intercompany transactions with foreign subsidiaries. The sum of the parts will not equal Total Revenues.</FONT></EM></P></TD></TR></TABLE>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: 14pt" color=#007298 face=Asap-Bold></FONT></B>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in">&nbsp;</P>

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   <TD width="15%"></TD>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="55%" align=left><FONT color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Caribbean Operating Data (IFRS)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=left>&nbsp; </TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,637</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>5,453</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.4%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,865</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,792</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,772</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,661</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B><B><SUP><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>(1)</FONT></SUP></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>234</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-16.6%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" 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: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-3.7%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.9%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.0%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,700</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,663</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1.4%</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. (1) We modified the methodology for calculating MOUs. We no longer include M2M subscribers.</FONT></I></TD></TR></TABLE>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: 14pt" color=#007298 face=Asap-Bold></FONT></B>&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: 14pt" color=#007298 face=Asap-Bold>United States</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>We finished the year with 23.1 million subscribers&#8212;11.3% less than a year before&#8212;after net disconnections of 685 thousand Safelink subscribers in the quarter and net gains of 74 thousand clients in our other brands. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Total revenues declined 8.3% to 1.9 billion dollars as a result of the important number of disconnections. Other brands with higher ARPU such as StraightTalk and Total Wireless registered net gains in the period so the client mix resulted in an 11.9% increase in our blended ARPU.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>The aforementioned disconnections, aggressive competition in our segment, and a new blend of clients, brought EBITDA down 26.4% relative to last year to 176 million dollars and the EBITDA margin came in at 9.1%, down from 11.3%. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 border=0>



<TR>

   <TD width="34%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="100%" colSpan=7 align=left><FONT color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#4dd9ff 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: #4dd9ff 1px solid" width="34%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,939</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2,115</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-8.3%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>7,843</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>7,533</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 30.103pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Service Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,649</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,808</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-8.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,740</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6,593</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 30.103pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment Revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>289</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>306</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-5.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,101</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>939</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>17.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>176</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>239</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-26.4%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>739</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>627</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>18.0%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>145</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>219</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-33.8%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>655</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>570</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>15.0%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>10.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR></TABLE>

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

<DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_17"></A>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<TABLE style="WIDTH: 100%" 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: #4dd9ff 1px solid" width="55%" align=left><FONT color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>United States Operating Data (IFRS)</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>23,132</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>26,070</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-11.3%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>514</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>24</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2.4%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.6%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>(0.1)</FONT></B>&nbsp;</TD></TR></TABLE>

<DIV style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: windowtext 1pt solid; PADDING-BOTTOM: 8pt; PADDING-TOP: 0in; PADDING-LEFT: 0in; BORDER-LEFT: medium none; PADDING-RIGHT: 0in">

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in">&nbsp;</P>

<P style="BORDER-TOP: medium none; BORDER-RIGHT: medium none; BORDER-BOTTOM: medium none; PADDING-BOTTOM: 0in; TEXT-ALIGN: justify; PADDING-TOP: 0in; PADDING-LEFT: 0in; MARGIN: 0in 0in 0pt; BORDER-LEFT: medium none; PADDING-RIGHT: 0in"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: 14pt" color=#007298 face=Asap-Bold>Telekom Austria Group</FONT></B></P></DIV>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Altogether, our operations in Europe ended December with 20.7 million wireless subscribers after net disconnections of 170 thousand subscribers in Eastern Europe. However, almost every market saw a shift from prepaid to postpaid and we gained 216 thousand new contract clients&#8212;half of them in Austria&#8212;taking our base up 3.6% to 15.6 million. On the fixed line side we had just over six million clients, 2.3% more than a year before. PayTv units grew 10.7% after additions of 18 thousand, most of them in Bulgaria and Austria, and broadband accesses were up 3.3%.</FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Fourth quarter service revenues remained practically unchanged from a year before with mobile service revenues falling 2.1% and fixed service revenues rising 2.6%.&nbsp; </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>In Austria, service revenues were flat relative to a year before. On the mobile side service revenues declined 2.8% as we continue to bear the pressure from the elimination of roaming charges within the EU and from the disconnection of prepaid subscribers. Fixed line service revenues however, rose 2.2% on the back of PayTV and broadband. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>Underlying operating trends in Eastern Europe remain strong; Serbia, Belarus, Bulgaria and Croatia posted annual improvement in service revenues mostly on the back of fixed revenue growth, (except for Serbia in which we remain mobile only). In Macedonia, service revenues remained stable in spite of the decline in mobile termination rates. Slovenia was the only market that had negative underlying trends that had mostly to do with price cuts driven by aggressive competition in the mobile segment and the abolition of roaming charges. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>The elimination of roaming charges within the EU for voice and data has resulted in very important increases in usage. In the fourth quarter, incoming voice traffic in Austria, Bulgaria, Croatia and Slovenia increased around 90% relative to 2016 while outgoing traffic rose even further. Net roaming voice traffic grew more than 1.5 times in Bulgaria, Croatia and Slovenia and nearly 50% in Austria. In Belarus, Macedonia and Serbia, traffic has remained more stable. We observed a similar effect on data.&nbsp;The rate of decline of roaming revenues has decelerated over the year.&nbsp; </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>EBITDA was up 3.5% (proforma) to 288 million Euros and was equivalent to 25.5% of revenues, 0.4 percentage points higher than a year before as a result of restructuring charges in Austria, positive foreign exchange effects and positive one off effects in Eastern Europe. </FONT></P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><FONT lang=EN-US style="FONT-SIZE: 10pt; LINE-HEIGHT: 14pt" color=black face=Asap-Regular>&nbsp;We have made important efforts to reduce costs across the board and have seen good results in several lines including maintenance costs, leased links, and outsourcing costs amongst others. On the other hand, higher subscriber acquisition and retention costs in Austria, greater operating costs associated to A1 Digital, and net roaming charges have weighed on EBITDA. </FONT>&nbsp;</P>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="100%" colSpan=7 align=left><FONT color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>INCOME STATEMENT (IFRS) - </FONT><B><I><FONT color=#4dd9ff size=2 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>A1 </FONT></I></B><B><I><FONT color=#4dd9ff size=1 face=Asap-BoldItalic,Arial,Helvetica,sans-serif>Telekom Austria Group - </FONT></I></B><I><FONT color=#4dd9ff size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>Proforma </FONT></I><FONT color=#4d4d4d size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Millions of Euros</FONT></TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="34%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Total Revenues*</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,158</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,139</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1.7%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4,485</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4,344</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.3%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 14.983pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Total service revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>940</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>941</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,775</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,716</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.6%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 21.463pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Wireless service revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>525</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>536</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,139</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,146</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 21.463pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Fixed-line service revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>415</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>405</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,636</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1,570</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.2%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 14.983pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Equipment revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>161</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>141</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>14.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>504</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>450</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12.0%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBITDA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>288</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>279</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>3.5%</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,397</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>1,370</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>2.0%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>25.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>25.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>31.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>32.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-20</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>54</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>n.m.</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>444</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>496</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-10.5%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>% total revenues</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>10.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>11.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

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   <TD style="TEXT-INDENT: 8.503pt" width="100%" colSpan=7 align=left><I><FONT color=#828282 size=1 face=Asap-Italic,Arial,Helvetica,sans-serif>*Total Revenues include other operating income. For further detail please visit www.a1.group/en/investor-relations </FONT></I><EM><FONT color=#828282 size=1 face=Arial>n.m Not meaningful.</FONT></EM></TD></TR></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: 14pt" color=#007298 face=asap-bold></FONT></B>&nbsp;</P>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="70%" colSpan=2 align=left><FONT color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>A1 Telekom Austria Group Operating Data (IFRS) - Proforma</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=left>&nbsp; </TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="55%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>20,658</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>20,708</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-0.2%</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15,581</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15,041</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,077</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,667</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-10.4%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.504pt" width="55%" align=left><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>MOU</FONT></B><B><SUP><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>(1)</FONT></SUP></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>342</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>328</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>4.1%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-2.2%</FONT></B>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 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: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>0.0</FONT></B>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 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: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6,036</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>6,076</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="15%" align=right><B><FONT size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>-0.6%</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. (1) We modified the methodology for calculating MOUs. We no longer include M2M subscribers.</FONT></I></TD></TR></TABLE>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0pt"><B><FONT lang=EN-US style="FONT-SIZE: 14pt; LINE-HEIGHT: 14pt" color=#007298 face=asap-bold></FONT></B>&nbsp;</P>

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   <TD style="TEXT-INDENT: 0.002pt" width="100%" colSpan=2 align=left><B><FONT color=#007399 size=4 face=Asap-Bold,Arial,Helvetica,sans-serif>Glossary of Terms</FONT></B>&nbsp;</TD></TR>

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   <TD 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>ARPU</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 User. The ratio of service revenues in a given period to the average number of wireless subscribers in the same period. It is presented on a monthly basis.</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>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>

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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>Capex</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>Capital Expenditure. Accrued capital expenditures related to the expansion</FONT>&nbsp; <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>

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   <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>

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   <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>

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   <TD vAlign=top width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>EBIT</FONT></B> <B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>margin</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>The ratio of EBIT to total operating revenue.</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>EBITDA</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, 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> <B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>margin</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>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> <B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>(Mexican</FONT></B> <B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>pesos)</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 per share. Total earnings in Mexican pesos divided by total shares.</FONT>&nbsp;</TD></TR>

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   <TD width="100%" colSpan=2>&nbsp; </TD></TR></TABLE>

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&nbsp; <A name="page_19"></A>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 56pt; TEXT-INDENT: -56pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 11pt" color=#007298 face=Asap-Regular></FONT></B>&nbsp;</P>

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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> <B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>per ADR</FONT></B> <B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>(US$)</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>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> <B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>subscribers</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </FONT>&nbsp;</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> <B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>additions</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>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 width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Licensed</FONT></B> <B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>pops</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>Licensed population. Population covered by the licenses that each of the</FONT>&nbsp; <FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>companies manage.</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>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=Asap-Regular,Arial,Helvetica,sans-serif>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 width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Market</FONT></B> <B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>share</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>A company&#8217;s subscriber base divided by the total number of subscribers in</FONT>&nbsp; <FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>that country.</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>MBOU</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>Megabytes of Use per subscriber. The ratio of wireless data in a given period</FONT>&nbsp; <FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>to the average number of wireless subscribers in that same period. It is presented 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>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>&nbsp; <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></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 56pt; TEXT-INDENT: -56pt"><B><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 11pt" color=#007298 face=Asap-Regular></FONT></B>&nbsp;</P>

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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> <B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>subscriber</FONT></B> <B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>additions</FONT></B><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>The difference in the subscriber base from one period to another. It is the</FONT>&nbsp; <FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>different between gross additions and disconnections.</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>Net debt</FONT></B><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif> </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 width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Net debt</FONT></B><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> </FONT>&nbsp;</TD>

   <TD vAlign=top 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 trailing 12-month income 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>Prepaid</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 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>

   <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>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>&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>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 width="20%" align=left><B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Wireless</FONT></B> <B><FONT color=#007399 size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>penetration</FONT></B></TD>

   <TD vAlign=top 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></TABLE>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 56pt; TEXT-INDENT: -56pt">&nbsp;</P>

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<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 56pt; TEXT-INDENT: -56pt"><FONT lang=EN-US style="FONT-SIZE: 9pt; LINE-HEIGHT: 11pt" color=black face=Asap-Regular></FONT>&nbsp;</P>

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<TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="100%" colSpan=7 align=left><FONT color=#4dd9ff size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Exchange Rates Local Currency Units per USD</FONT></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="34%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Mexico</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>19.79</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20.73</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-4.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>19.79</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>20.73</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>18.93</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>19.79</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-4.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>18.94</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>18.65</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Brazil</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.31</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.26</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.31</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.26</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.25</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.30</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.19</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.49</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-8.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Argentina</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>18.65</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15.89</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>17.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>18.65</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15.89</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>17.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>17.56</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>15.47</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>13.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>16.56</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>14.77</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>12.1%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Chile</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>615</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>669</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-8.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>615</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>669</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-8.2%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>633</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>665</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-4.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>649</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>676</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Colombia</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,984</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,001</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,984</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,001</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,987</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,017</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2,952</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3,053</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Guatemala</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.34</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.52</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.34</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.52</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.34</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.50</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.35</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.60</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Honduras</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23.75</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23.67</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23.75</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23.67</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23.69</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23.40</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23.65</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>22.99</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Nicaragua</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>30.78</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>29.32</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>30.78</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>29.32</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>30.60</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>29.15</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>30.05</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28.62</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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="34%" 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: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>573</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>561</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>573</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>561</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>571</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>560</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>572</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>551</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Peru</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.25</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.36</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.25</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.36</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.25</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.40</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-4.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.26</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.38</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Paraguay</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,590</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,767</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,590</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,767</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,642</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,730</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,618</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5,671</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Uruguay</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28.81</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>29.34</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28.81</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>29.34</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>29.16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28.58</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28.68</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>30.16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-4.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Dominican Republic</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>48.32</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>46.71</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>48.32</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>46.71</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>48.08</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>46.58</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>47.57</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>46.07</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Austria &amp; CEE</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.83</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.95</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-12.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.83</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.95</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-12.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.85</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.93</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-8.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.89</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.90</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.0%</FONT>&nbsp;</TD></TR></TABLE>

<DIV></DIV>

<HR align=center SIZE=2 width="100%" noShade>



<DIV style="PAGE-BREAK-BEFORE: always">&nbsp;</DIV>

&nbsp; <A name="page_21"></A>

<P style="TEXT-ALIGN: justify; MARGIN: 0in 0in 0in 56pt; TEXT-INDENT: -56pt">&nbsp;</P>

<TABLE style="WIDTH: 100%" cellSpacing=0 border=0>



<TR>

   <TD width="34%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD>

   <TD width="11%"></TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="100%" colSpan=7 align=left><FONT color=#4dd9ff 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: #4dd9ff 1px solid" width="34%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>4Q16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Jan - Dec 16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT color=#4dd9ff size=1 face=Asap-Regular,Arial,Helvetica,sans-serif>Var.%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>USA</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.05</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.05</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.05</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.05</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.05</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.05</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.05</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.05</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-1.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Brazil</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.19</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-9.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Argentina</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.94</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.77</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.94</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.77</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>23.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.93</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.78</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>18.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.87</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.79</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>10.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Chile</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>31.1</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>32.3</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-3.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>31.1</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>32.3</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>33.4</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>33.6</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>34.3</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>36.3</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-5.5%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Colombia</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>151</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>145</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>4.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>151</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>145</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>158</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>152</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.5%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>156</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>164</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-4.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Guatemala</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.37</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.36</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.37</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.36</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.39</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.38</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.3%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.39</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.41</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-4.8%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Honduras</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.20</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.14</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.20</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.14</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.25</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.18</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>5.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.25</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.23</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Nicaragua</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.56</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.41</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>10.0%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.56</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.41</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>10.0%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.62</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.47</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>9.8%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.59</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.53</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>3.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Costa Rica</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28.94</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27.07</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28.94</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>27.07</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>30.18</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>28.28</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>30.21</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>29.54</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.3%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Peru</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.2%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.16</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-0.1%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.17</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>0.18</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-4.9%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Paraguay</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>283</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>278</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.6%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>283</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>278</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" 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: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>298</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>290</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>297</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>304</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-2.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=2 face=Asap-Bold,Arial,Helvetica,sans-serif>Uruguay</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.46</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.42</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.46</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.42</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.9%</FONT>&nbsp;</TD></TR>

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   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.54</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.44</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>6.7%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.51</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.62</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>-6.4%</FONT>&nbsp;</TD></TR>

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   <TD style="TEXT-INDENT: 8.503pt" bgColor=#007399 width="34%" align=left><B><FONT color=#ffffff size=1 face=Asap-Bold,Arial,Helvetica,sans-serif>Dominican Republic</FONT></B>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=left>&nbsp; </TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>EoP</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.44</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.25</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8.4%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.44</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.25</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>8.4%</FONT>&nbsp;</TD></TR>

<TR vAlign=bottom>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid; TEXT-INDENT: 8.503pt" width="34%" align=left><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>Average</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.54</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.35</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>7.9%</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.51</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>2.47</FONT>&nbsp;</TD>

   <TD style="BORDER-BOTTOM: #4dd9ff 1px solid" width="11%" align=right><FONT size=2 face=Asap-Regular,Arial,Helvetica,sans-serif>1.7%</FONT>&nbsp;</TD></TR></TABLE>

<P style="MARGIN: 0in 0in 0pt"><FONT lang=ES-TRAD style="FONT-SIZE: 12pt" face=Calibri,sans-serif></FONT>&nbsp;</P>

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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></P>

<P></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>

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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>&nbsp;</DIV>

<DIV style="TEXT-INDENT: 0%" align=left><FONT color=#000000 size=3 face="Times New Roman">Date: February 14, 2018</FONT></DIV>

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   <DIV style="MARGIN-LEFT: 36%; TEXT-INDENT: -2%"><FONT color=#000000 size=2 face="Times New Roman">AM&#201;RICA M&#211;VIL, S.A.B. DE C.V. </FONT></DIV></TD></TR>

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   <TD vAlign=top width="3%"><FONT color=#000000 size=2 face="Times New Roman">By:</FONT><FONT size=1 face="Times New Roman">&nbsp;</FONT></TD>

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   <DIV align=center><FONT color=#000000 size=2 face="Times New Roman">/<SMALL>S</SMALL>/&nbsp;Carlos Jos&#233; Garc&#237;a Moreno Elizondo</FONT></DIV>

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   <TD vAlign=top width="3%"><FONT size=2 face="Times New Roman">Name:<BR>Title: </FONT></TD>

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   <DIV align=left><STRONG><FONT color=#000000 size=2 face="Times New Roman">Carlos Jos&#233; Garc&#237;a Moreno Elizondo </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>Chief Financial Officer</B></FONT></DIV></TD></TR></TABLE></DIV>

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