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This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

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	Carlos García Moreno
	Chief Financial Officer
	carlos.garciamoreno@amovil.com
	Paulina Amieva Gérard
	Investor Relations Office
	paulina.amieva@amovil.com

AMÉRICA MÓVIL’S SECOND QUARTER OF 2006 FINANCIAL AND OPERATING REPORT

Mexico City, July 26, 2006 - América Móvil, S.A. de C.V. (“América Móvil”) [BMV: AMX] [NYSE: AMX] [NASDAQ: AMOV] [LATIBEX: XAMXL], announced today its financial and operating results for the second quarter of 2006.

• América Móvil obtained 7.2 million new subscribers in the second quarter, bringing the number of net subscriber additions in the six months through June to 14.5 million. Our wireless subscriber base reached 107.8 million, whereas our fixed lines stood at 2.0 million, for a combined total of 109.9 million lines.

• In Colombia we obtained 2.1 million net additions, similar to the number obtained in the first quarter; in Mexico, we gained 1.6 million subscribers; in Brazil, 1.5 million; and in Argentina, 749 thousand.

• Second quarter revenues totaled 55.9 billion pesos. They were up 27.2% year-on-year, with service revenues increasing by 31.6% annually and by 7.9% sequentially. Our Brazilian operation presented the most important increase in service revenues within our subsidiaries, with an 11.2% increase quarter-over- quarter.

• In the first half of the year revenues reached 106.6 billion pesos, exceeding by 26.8% those obtained a year earlier, as service revenues expanded by 30.3%.

• EBITDA was up 67.1% annually and 11.1% sequentially, climbing to 20.4 billion pesos in the quarter. The EBITDA margin in the period, 36.4%, was 8.7 percentage points greater than the one seen a year before, as a practically all of our operations saw their EBITDA margins rise year-on-year, some of them quite significantly. Through June EBITDA reached 38.7 billion pesos.

• Operating profits of 13.8 billion pesos nearly doubled those observed a year before, bringing the total for the first semester to 26.2 billion pesos.

• We generated a net profit of 10.8 billion pesos in the quarter, 32.8% more than in the same period of 2005, that is equivalent to 30 peso cents per share or 54 dollar cents per ADR. Net income for the first half of the year came in at 20.8 billion pesos, 62.3% more than in the same period of 2005.

• By the end of June our net debt had fallen to 44.0 billion pesos, from 56.2 billion last December. This reflects the strength of our cash flow from operations, which more than covered our capex requirements and our share buybacks and dividend payments.

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América Móvil Fundamentals
Constant Mex$
		2Q06		2Q05		Var. %		Jan - Jun 06		Jan - Jun 05		Var. %
EPS (Mex$)(1)		0.30		0.22		34.6%		0.58		0.35		64.4%
Earnings per ADR (US$)(2)		0.54		0.41		31.5%		1.05		0.63		67.0%
Net Income (millions of Mex$)		10,834		8,157		32.8%		20,772		12,798		62.3%
EBITDA (millions of Mex$)		20,361		12,184		67.1%		38,695		25,212		53.5%
EBIT (millions of Mex$)		13,788		6,961		98.1%		26,167		15,164		72.6%
Shares Outstanding (billion)(3)		36.08		36.56		-1.3%		36.08		36.56		-1.3%
ADRs Equivalent (billion)(3)		1.80		1.83		-1.3%		1.80		1.83		-1.3%

(1) Net Income / Total Shares outstanding
(2) 20 Shares per ADR
(3) Adjusted for the 3:1 split that took place on July 18, 2005.

Relevant Events

BusinessWeek magazine ranked América Móvil the number one Information Technology company in the world for the second consecutive year, in its annual “Information Technology 100”. To compile the Info Tech 100, BusinessWeek analyzes over 10,000 companies worldwide.

In July Moody’s Investors Service confirmed America Movil’s A3 rating. The rating had been put under revision after the announcement in April of America Movil’s agreement to buy from Verizon its operations in the Dominican Republic, Puerto Rico and—jointly with Telmex—Venezuela. Both Standard and Poor’s and Fitch Rating Services had confirmed their own credit ratings (BBB+ ) at the time of the announcement.

Subscribers

América Móvil added 7.2 million subscribers in the second quarter, bringing to 14.5 million the number of net subscriber additions in the first half of 2006, 14.6% more than in the first semester of 2005. Our subscriber base reached 107.8 million and was up 46.2% relative to the year before. Together, fixed and wireless lines totaled nearly 110 million at the end of June.

In Colombia we added 2.1 million subscribers in the second quarter and 4.2 million in the first half of 2006, to close June with 18.0 million clients.

Telcel in Mexico finished June with 39.2 million subscribers—21.2% more than the previous year—having obtained 1.6 million clients in the second quarter and 3.2 million subscribers through June.

In Brazil, net subscriber additions amounted to 1.5 million in the second quarter and 2.3 millon in the first half of the year. Strong seasonality associated with Mother’s Day and Valentine’s Day led to almost twice as many net adds in the second quarter of 2006 as in the previous one. In June, Claro recorded 20.9 million subscribers, which represents a 29.3% increase year-on-year.

Argentina continued to grow at a brisk pace, adding 749 thousand subscribers in the quarter and 1.4 million

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subscribers through the end of June. These were 7.5% higher than in the same period of 2005. Our Argentinean subscriber base surpassed the 8.0 million mark, having expanded by 63.9% from a year before.

Uruguay and Paraguay have shown very dynamic growth rates. In the span of the last 12-months, Uruguay’s subscriber base has quadrupled to 269 thousand while Paraguay’s has more than doubled to 296 thousand.

Ecuador’s subscriber base ended June with 4.8 million subscribers, having added 319 thousand clients in the second quarter and 719 thousand new clients in the first six months of 2006, roughly as many as in the same period last year.

Peru obtained 271 thousand subscribers in the second quarter, bringing its net adds through June to 533 thousand, whereas Chile added 59 thousand in the quarter, the same number as the one registered in the first quarter.

Our operations in Central America gained 441 thousand wireless subscribers in the second quarter and reached a combined subscriber base of 4.8 million at the end of June, 55.3% more than last year. Honduras and Nicaragua showed the highest rates of subscriber growth within Central America, recording yearly increases of 97.0% and 80.7%, respectively. In Guatemala, Nicaragua and El Salvador, total fixed lines stood at 2.1 million.

In the United States, Tracfone obtained 112 thousand subscribers in the second quarter, which is seasonally the weakest in the year. Still, net additions for the first half or the year exceeded those of the same period of 2005 by 62.8% . By June, Tracfone had more than 7.0 million subscribers in the United States.

Subscribers as of June 2006
Thousands
		Total(1)										Equity (2)
Country		Jun'06		Mar'06		Var.%		Jun'05		Var.%		Jun'06		Mar'06		Var.%		Jun'05		Var.%
Mexico		39,150		37,587		4.2%		32,294		21.2%		39,150		37,587		4.2%		32,294		21.2%
Brazil		20,949		19,446		7.7%		16,201		29.3%		20,283		19,000		6.8%		15,965		27.0%
Argentina		8,054		7,304		10.3%		4,915		63.9%		8,054		7,304		10.3%		4,915		63.9%
Chile		2,001		1,942		3.0%		1,753		14.1%		2,001		1,942		3.0%		0		n.m.
Paraguay		296		231		28.1%		119		147.8%		296		231		28.1%		0		n.m.
Uruguay		269		219		22.5%		69		290.6%		269		219		22.5%		69		n.m.
Colombia		17,970		15,879		13.2%		9,174		95.9%		17,826		15,752		13.2%		9,101		95.9%
Ecuador		4,819		4,500		7.1%		3,065		57.2%		4,819		4,500		7.1%		3,065		57.2%
Peru		2,483		2,211		12.3%		1,455		70.6%		2,483		2,211		12.3%		0		n.m.
El Salvador		1,056		958		10.2%		681		55.1%		1,011		917		10.2%		651		55.2%
Guatemala		2,210		2,065		7.0%		1,589		39.1%		22		2,046		-98.9%		1,575		-98.6%
Honduras		569		495		15.0%		289		97.0%		569		495		15.0%		289		97.0%
Nicaragua		988		864		14.3%		547		80.7%		980		857		14.3%		541		81.0%
U.S.A.		7,014		6,902		1.6%		4,934		42.2%		6,887		6,777		1.6%		4,845		42.2%
Total Wireless		107,826		100,604		7.2%		73,757		46.2%		104,649		95,455		9.6%		73,309		42.7%
El Salvador		824		817		0.9%		801		2.8%		789		782		0.9%		766		2.9%
Guatemala		973		963		1.1%		928		4.9%		966		922		4.8%		920		5.0%
Nicaragua		251		244		2.8%		224		11.7%		249		242		2.8%		222		11.9%
Total Fixed		2,048		2,023		1.2%		1,954		4.8%		2,003		1,946		2.9%		1,908		5.0%
Total Lines		109,874		102,627		7.1%		75,711		45.1%		106,652		97,401		9.5%		75,217		41.8%

(1) Includes total subscribers of all companies in which América Móvil holds an economic interest; does not consider the date in which the companies started being consolidated. Total wireless historical data does not include recent acquisitions.
(2) Includes total subscribers weighted by the economic interest held in each company.
n.m. not meanignful

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América Móvil Consolidated

América Móvil’s second quarter results reflect the strong operating performance of its various subsidiaries, buoyed by good economic conditions in the various countries where they operate and by solid subscriber growth.

Second quarter revenues were up 27.2% year-on-year, to 55.9 billion pesos, with service revenues increasing by 31.6% annually and by 7.9% sequentially. Our Brazilian operation presented the most important increase in service revenues within the group, with an 11.2% increase quarter-over-quarter. Ecuador and Colombia also exhibited rapid service revenue growth.

The growth rate of our revenues in the quarter partly reflects the effect of changes in the values of other currencies relative to the Mexican peso, as the peso depreciated relative to all other currencies within the region where we operate except the Colombian peso.

Through June, our revenues totaled 106.6 billion pesos, exceeding by 26.8% those obtained a year before. In this period service revenues climbed 30.3% annually.

The expansion of our revenues helped bring about a 67.1% annual increase in second quarter EBITDA (11.1% sequential), which reached 20.4 billion pesos, or 36.4% of revenues. The EBITDA margin in the second quarter was 8.7 percentage points greater than the one seen a year before. Overall, EBITDA reached 38.7 billion pesos in the first half of the year, 53.5% more than in the same period of 2005. The EBITDA margin stood at 36.3% for the first half of the year.

The growth of our EBITDA summarizes the important improvements in operating performance brought about by the relative deceleration in the rate of growth of subscribers, which has made it easier—relative to the scale of our operations—to accommodate the flow of new subscribers. This effect has led to very significant margin expansions in Brazil (23.3 percentage points), Colombia (18.2 percentage points) and Argentina (19.3 percentage points) relative to the second quarter of 2005, with notable, albeit smaller, increases in the rest of our Latin American operations, including Mexico.

Having reached 13.8 billion pesos, second quarter operating profits nearly doubled those of the same period a year before. Overall, first semester operating profits, at 26.2 billion pesos, surpassed by 72.6% those observed in the first half of 2005.

A comprehensive financing cost of 764 million pesos was registered in the second quarter. It was slightly smaller than the net interest expense generated in the period, as foreign exchange losses were offset by gains in our monetary position and in the valuation of financial instruments, including derivatives directed towards the hedging of our foreign exchange exposure.

América Móvil obtained a net profit of 10.8 billion pesos in the quarter, 32.8% more than in the same period of 2005. This reflects a one-time gain of 1.2 billion pesos associated with the cancellation of duties paid to the Mexican government on service revenues under the new terms of the license for Region 9, which required only

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an upfront payment as opposed to payments over time as a fraction of service revenues. The quarter’s net profit was equivalent to 30 peso cents per share, or 54 dollar cents per ADR. Through June, our net income came in at 20.8 billion pesos and was up 62.3% in annual terms.

Our net debt ended June at 44.0 billion pesos, 12.2 billion less than in December of 2005, as our cash flow from operations exceeded the amount directed to capital expenditures, 16.6 billon pesos, and to share buybacks and dividend payments, which together totaled 3.4 billion pesos.

America Movil's Income Statement (in accordance with Mexican GAAP)
Millions of constant Mex$
		2Q06		1Q06		Var.%		2Q05		Var.%		Jan - Jun 06		Jan -Jun 05		Var.%
Service Revenues		46,681		43,278		7.9%		35,471		31.6%		89,959		69,028		30.3%
Equipment Revenues		9,257		7,405		25.0%		8,508		8.8%		16,661		15,057		10.7%
Total Revenues		55,938		50,683		10.4%		43,979		27.2%		106,621		84,085		26.8%
Cost of Service		10,253		9,778		4.9%		8,419		21.8%		20,031		16,337		22.6%
Cost of Equipment		15,218		12,666		20.1%		14,129		7.7%		27,884		24,879		12.1%
Selling, General & Administrative Expenses		10,107		9,904		2.0%		9,248		9.3%		20,011		17,657		13.3%
Total Costs and Expenses		35,577		32,349		10.0%		31,795		11.9%		67,926		58,873		15.4%
EBITDA		20,361		18,334		11.1%		12,184		67.1%		38,695		25,212		53.5%
% of Total Revenues		36.4%		36.2%				27.7%				36.3%		30.0%
Depreciation & Amortization		6,572		5,955		10.4%		5,223		25.8%		12,528		10,048		24.7%
EBIT		13,788		12,379		11.4%		6,961		98.1%		26,167		15,164		72.6%
% of Total Revenues		24.6%		24.4%				15.8%				24.5%		18.0%
Interest Expense		1,924		1,801		6.8%		1,848		4.1%		3,725		3,506		6.2%
Interest Income		-947		-704		-34.5%		-870		-8.8%		-1,651		-1,533		-7.7%
Net Interest Expense		977		1,097		-10.9%		978		-0.1%		2,074		1,973		5.1%
Other Financial Expenses		-456		-112		-305.8%		654		-169.7%		-568		993		-157.2%
Foreign Exchange Loss		484		-1,174		141.2%		-4,487		110.8%		-690		-4,524		84.7%
Monetary Result		-242		-779		69.0%		-589		58.9%		-1,021		-1,446		29.4%
Comprehensive Financing Cost (Income)		764		-969		178.8%		-3,444		122.2%		-206		-3,004		93.2%
Other Income and Expenses		-992		-69		n.m.		-308		-222.3%		-1,061		-282		-276.6%
Income & Deferred Taxes		3,185		3,476		-8.4%		2,488		28.0%		6,661		5,545		20.1%
Net Income before Minority Interest and Equity		10,832		9,941		9.0%		8,225		31.7%		20,773		12,904		61.0%
Participation in Results of Affiliates
minus
Equity Participation in Results of Affiliates		-12		-21		44.0%		22		-153.5%		-33		53		-161.2%
Minority Interest		10		24		-60.1%		46		-79.4%		34		52		-36.1%
Net Income		10,834		9,938		9.0%		8,157		32.8%		20,772		12,798		62.3%

*n.m. = not meaningful

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Balance Sheet (in accordance with Mexican GAAP)*
América Móvil Consolidated
Millions of Constant Mex$
		Jun'06		Dec'05		Var.%		Jun'05		Var.%				Jun'06		Dec'05		Var.%		Jun'05		Var.%
Current Assets												Current Liabilities
Cash & Securities		41,812		12,882		224.6%		23,402		78.7%		Short Term Debt**		11,888		17,140		-30.6%		9,275		28.2%
Accounts Receivable		30,041		31,082		-3.3%		22,169		35.5%		Accounts Payable		60,634		57,493		5.5%		47,788		26.9%
Other Current Assets		5,618		3,619		55.2%		4,750		18.3%		Other Current Liabilities		19,630		15,268		28.6%		13,895		41.3%
Inventories		14,404		13,054		10.3%		10,796		33.4%				92,152		89,901		2.5%		70,958		29.9%
		91,875		60,636		51.5%		61,116		50.3%
Long-Term Assets
Plant & Equipment		123,044		112,713		9.2%		96,792		27.1%
Investments in Affiliates		593		490		21.0%		778		-23.9%		Long-Term Liabilities
												Long Term Debt		73,891		51,932		42.3%		52,030		42.0%
Deferred Assets												Other Liabilities		3,634		3,627		0.2%		7,645		-52.5%
Goodwill (Net)		11,885		12,340		-3.7%		10,008		18.8%				77,525		55,558		39.5%		59,675		29.9%
Brands, Patents & Licenses		40,740		37,873		7.6%		39,731		2.5%
Deferred Assets		8,387		7,736		8.4%		6,493		29.2%
												Shareholder's Equity		106,847		86,329		23.8%		84,286		26.8%
Total Assets		276,524		231,788		19.3%		214,919		28.7%		Total Liabilities and Equity		276,524		231,788		19.3%		214,919		28.7%

* This presentation conforms with that of América Móvil's audited financial statements
** Includes current portion of Long Term Debt

Financial Debt of América Móvil
Millions of U.S. Dollars
		Jun'06		Jun'05
Peso-denominated debt		1,673		1,982
Bonds an other securities		1,342		1,196
Banks and other		331		786
U.S. Dollar - denominated debt		5,315		3,472
Bonds an other securities		3,093		3,195
Banks and other		2,222		277
Debt denominated in other securities		538		200
Bonds an other securities		342		199
Banks and other		196		1
Total Debt		7,526		5,654
Short-term debt and current portion of long-term debt		1,043		822
Long-term debt		6,483		4,632

Mexico

Telcel’s subscriber base reached 39.2 million wireless clients in June, 21.2% more than a year before and 4.2% more than in the previous quarter. It is worth noting that postpaid subscriber growth has outpaced prepaid subscriber growth for the last eight out of nine quarters. The former increased by 31.2% year-on-year, ten percentage points more than the prepaid subscriber base, and 6.4% quarter-over-quarter to end the period with 2.7 million clients.

Revenues generated by our Mexican operations totaled 25.8 billion pesos in the quarter and 50.2 billion Mexican pesos in the six-months through June, with service revenues expanding 4.2% sequentially and 18.1% annually. Given that quarterly service revenue and total subscribers grew at a similar pace during the period, blended ARPU remained roughly flat in the quarter (+0.3% in real terms), with postpaid ARPUs increasing by 2.3% sequentially.

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Telcel’s second quarter EBITDA, 13.2 billion pesos, was up 7.3% on the quarter and 35.1% annually, as the EBITDA margin reached 51.0% of sales. Through June, EBITDA increased twice as fast as revenues, climbing to 25.4 billion Mexican pesos, 38.2% more than in the same period of 2005. Solid revenue growth and continued containment of costs helped drive this growth in EBITDA.

INCOME STATEMENT
Mexico
Millions of Constant Mex$
		2Q06		2Q05		Var.%		Jan - Jun 06		Jan - Jun 05		Var.%
Revenues		25,812		21,769		18.6%		50,165		42,308		18.6%
EBITDA		13,153		9,738		35.1%		25,413		18,387		38.2%
%		51.0%		44.7%				50.7%		43.5%
EBIT		11,373		8,261		37.7%		21,989		15,484		42.0%
%		44.1%		37.9%				43.8%		36.6%

Mexico's Operating Data
		2Q06		2Q05		Var. %
Subscribers (thousands)		39,150		32,294		21.2%
Postpaid		2,675		2,038		31.2%
Prepaid		36,475		30,256		20.6%
MOU		111		102		9.4%
ARPU (Constant Mex$)		187		192		-3.0%
Churn (%)		3.0%		2.9%		0.1

Argentina, Paraguay & Uruguay

CTI Móvil’s combined subscriber base in Argentina, Paraguay and Uruguay grew 72.9% in comparison to the previous year. After adding 864 thousand new customers in the second quarter, total subscribers topped 8.6 million at the end of June 2006. In Argentina, we continued to observe solid sequential subscriber growth of 10.3% . Our smaller operations in Paraguay and Uruguay exhibited the fastest levels of growth within our subsidiaries, 28.1% and 22.5% quarter-over-quarter, respectively.

In the second quarter, CTI generated 1.0 billion Argentinean pesos in revenues, up 7.3% from the first quarter and 57.0% annually, which brought to 2.0 billion the amount of revenues obtained in the first half of the year. These exceeded by 61.5% those of the same period of 2005.

EBITDA totaled 222 million Argentinean pesos in the quarter, over six times the amount obtained a year before. The EBITDA margin, 21.4% in the quarter, was four times that of the second quarter of 2005, in spite of the very rapid pace of subscriber growth in Uruguay and Paraguay and, to a lesser extent, Argentina.

CTI Móvil generated 429 million Argentinean pesos in EBITDA in the six-months through June, 4.5 times more

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than in the same period of 2005.

INCOME STATEMENT
Argentina, Paraguay & Uruguay
Million of ARP$
		2Q06		2Q05		Var. %		Jan - Jun 06		Jan - Jun 05		Var.%
Revenues		1,034		658		57.0%		1,998		1,237		61.5%
EBITDA		222		35		530.1%		429		94		355.1%
%		21.4%		5.3%				21.5%		7.6%
EBIT		149		-3		n.m.		290		34		759.6%
%		14.4%		-0.4%				14.5%		2.7%

n.m. - not meaningful

Argentina, Paraguay & Uruguay Operating Data
		2Q06		2Q05		Var. %
Subscribers (thousands)		8,618		4,983		72.9%
Postpaid		883		591		49.6%
Prepaid		7,735		4,393		76.1%
MOU		135		154		-12.4%
ARPU (ARG)		34		40		-14.8%
Churn (%)		1.9%		2.6%		-0.7

*Annual comparisons affected by the incorporation of CTI Paraguay in August 2005 and CTI Uruguay in October 2004.

Chile

Our subscriber base in Chile increased 14.1% relative to the previous year, topping 2.0 million wireless clients.

Revenues totaled 40.8 billion Chilean pesos in the second quarter and 83.5 billion Chilean pesos in the first six months of 2006. EBITDA for the second quarter was 7.3 billion Chilean pesos, while the EBITDA margin stood at 17.8%, somewhat higher than in the previous quarter.

Work has continued on the roll-out of our GSM network in Chile, which should be in operation before the end of the third quarter.

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INCOME STATEMENT
Chile
Millions of P$
		2Q06		Jan - Jun 06
Revenues		40,776		83,506
EBITDA		7,260		14,662
%		17.8%		17.6%
EBIT		448		1,618
%		1.1%		1.9%

n.m. - not meaningful

Chile's Operating Data
		2Q06		2Q05		Var. %
Subscribers (thousands)		2,001		1,753		14.1%
Postpaid		288		251		14.5%
Prepaid		1,713		1,502		14.1%
MOU		126.1		126.0		0.1%
ARPU (moneda local)		6,620		6,946		-4.7%
Churn (%)		2.1%		1.8%		0.27

Brazil

With postpaid subscribers slightly outpacing prepaids, Claro added 1.5 million clients in the second quarter—nearly twice as many as in the first quarter—bringing to almost 21 million its subscriber base at the end of June. This represents a 29.3% increase over the previous year.

Second quarter revenues were up 8.2% annually, to 1.8 billion reais. But this figure is the outcome of service and equipment revenues with markedly different behaviors. The former expanded 11.2% quarter-over-quarter and 28.8% year-on-year; the latter, though nearly double those of the first quarter, were down 33.2% from the same period a year before, reflecting the decline in gross subscriber additions and the appreciation of the Brazilian reai versus the dollar registered in the period. Blended ARPUs rose 4.3% in the quarter, driven by an 11.0% increase in prepaid ARPUs. These are now 1.5% higher than a year before.

In spite of the rapid expansion of Claro’s subscriber base, rising revenues coupled with falling subscriber acquisition costs and administrative expenses allowed our Brazilian operations to maintain a solid EBITDA generation in the quarter. Second quarter EBITDA, at 231 million reais, was almost the same as the one seen the previous quarter even though, as was mentioned earlier, net additions were practically twice as large. The swing in the EBITDA margin from a year before was equivalent to 23.3 percentage points. Through June, EBITDA came in at 464 million reais, with the EBITDA margin rising to 14.0% of revenues from a loss of 2.8% in the first half of 2005.

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INCOME STATEMENT
Brazil Consolidated
Millions of R$
	2Q06	2Q05	Var.%	Jan - Jun 06	Jan - Jun 05	Var.%
Revenues	1,822	1,685	8.2%	3,319	3,081	7.7%
EBITDA	231	-179	229.1%	464	-88	n.m.
%	12.7%	-10.6%		14.0%	-2.8%
EBIT	-171	-547	68.8%	-332	-804	58.8%
%	-9.4%	-32.5%		-10.0%	-26.1%

n.m. - not meaningful

Brazil's Operating Data
		2Q06		2Q05		Var. %
Subscribers (thousands)		20,949		16,201		29.3%
Postpaid		3,485		2,633		32.4%
Prepaid		17,464		13,568		28.7%
MOU		66		83		-20.9%
ARPU (R$)		24		24		-2.5%
Churn (%)		2.4%		2.7%		-0.3

Colombia

Colombia’s subscriber base continued growing at a rapid pace, adding 4.2 million subscribers year-to-date, split roughly evenly between the first and second quarters, to end June with 18.0 million clients, twice as many as last year.

Comcel’s second quarter revenues rose 44.5% year-on-year and 6.7% quarter-over-quarter, to 1.1 trillion Colombian pesos, with service revenues expanding by 53.1% and 7.0% respectively. In the six-months through June, Comcel’s revenues reached 2.1 trillion Colombian pesos, for a 52.1% year-on-year increase; service revenues were up 60.5% in the period. Blended MOUs remained virtually flat when compared to the first quarter of 2006, although both prepaid and postpaid MOUs have shown significant improvement, rising on a sequential basis 4.2% and 5.1%, respectively.

With subscriber growth slowing in relative terms, although from a higher base, subscriber acquisition costs have fallen relative to revenues. This enabled Comcel to generate 3.5 times more EBITDA en the second quarter than in the same period of the previous year. The EBITDA margin stood at 30.4% in the second quarter, which represents an increase from a year before of 18.2 percentage points.

EBITDA totaled 620 billion Colombian pesos in the first half of the year, and was equivalent to 28.9% of sales.

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INCOME STATEMENT
Colombia
Billion of COP$
	2Q06	2Q05	Var. %	Jan - Jun 06	Jan - Jun 05	Var. %
Revenues	1,106	765	44.5%	2,143	1,409	52.1%
EBITDA	336	94	258.8%	620	234	164.9%
%	30.4%	12.2%		28.9%	16.6%
EBIT	193	-9	n.m.	340	33	n.m.
%	17.4%	-1.2%		15.9%	2.3%

n.m. - not meaningful

Colombia's Operating Data
		2Q06		2Q05		Var. %
Subscribers (thousands)		17,970		9,174		95.9%
Postpaid		2,493		1,712		45.7%
Prepaid		15,477		7,463		107.4%
MOU		107		119		-9.5%
ARPU (COP$)		18,895		25,291		-25.3%
Churn (%)		1.4%		1.4%		0.0

Ecuador

Total subscribers in Ecuador rose to 4.8 million in June, 57.2% more than the previous year, while net additions through June reached 719 thousand.

Second quarter revenues stood at 174 million dollars, 21.4% more than in the same period a year-ago. Service revenues increased 8.0% sequentially and 29.3% annually. Sequential service revenue expansion allowed blended ARPUs to remain virtually flat in the period. In the first half of the year, revenues exceeded those of the year before by 30.0% as they reached 344 million dollars.

Our Ecuadorian subsidiary generated 53 million dollars of EBITDA in the second quarter. The EBITDA margin seen then, 30.5% was nearly eight percentage points higher than that of the second quarter of 2005. This and the expansion of revenues resulted in an increase in EBITDA of 63.0% year-on-year and 33.4% sequentially.

EBITDA totaled 93 million dollars in the first half of the year, 31.1% more than a year before.

INCOME STATEMENT
Ecuador
Millions of US$
	2Q06	2Q05	Var.%	Jan - Jun 06	Jan - Jun 05	Var.%
Revenues	174	144	21.4%	344	264	30.0%
EBITDA	53.14	32.60	63.0%	93	71	31.1%
%	30.5%	22.7%		27.1%	26.8%
EBIT	35.60	18.15	96.1%	59	43	37.9%
%	20.4%	12.6%		17.3%	16.3%

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Ecuador's Operating Data
		2Q06		2Q05		Var. %
Subscribers (thousands)		4,819		3,065		57.2%
Postpaid		526		272		93.7%
Prepaid		4,293		2,793		53.7%
MOU		40.91		44		-7.8%
ARPU (US$)		10		12		-20.4%
Churn (%)		3.7%		3.2%		0.2

Peru

Claro, our Peruvian operation, gained 271 thousand new clients in the second quarter—similar to the number added in the first quarter—bringing to 2.5 million its subscriber base, which in June was 70.6% higher than a year before.

Second quarter revenues reached nearly 300 million soles, with revenues of the first half totalling nearly 600 million soles. EBITDA came in at 97 million soles, or 32.6% EBITDA margin.

INCOME STATEMENT
Peru
Millions of Soles
		2Q06		Ene - Jun 06
Revenues		298		592
EBITDA		97		191
%		32.6%		32.2%
EBIT		46		93
%		15.3%		15.7%

Peru's Operating Data
		2Q06		2Q05		Var. %
Subscribers (thousands)		2,483		1,455		70.6%
Postpaid		256		193		33.2%
Prepaid		2,226		1,263		76.3%
MOU		68		75		-10.1%
ARPU (Sol)		37		48		-21.7%
Churn (%)		2.4%		1.7%		0.8

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Central America

After adding approximately 441 thousand subscribers in both the first and the second quarters, the combined subscriber base of our Central American operations climbed to 4.8 million. Subscriber growth was particularly rapid in Honduras and Nicaragua, the first one having doubled its subscribers over the previous twelve months, and the latter one increasing it by 80% in the same period.

Revenues totaled 369 million dollars in the second quarter and 729 million in the first half of the year, up 12.4% and 13.5% from a year before, respectively. EBITDA came in at 189 million dollars, surpassing by 9.9% that of the second quarter of 2005. For the six months through June, EBITDA totaled 375 million dollars, a 10.9% increase in annual terms.

INCOME STATEMENT
Central America Consolidated
Millions of US$
		2Q06		2Q05		Var.%		Jan - Jun 06		Jan - Jun 05		Var.%
Revenues		369		329		12.4%		729		642		13.5%
EBITDA		189		172		9.9%		375		338		10.9%
%		51.3%		52.4%				51.5%		52.6%
EBIT		131		112		16.5%		259		219		18.2%
%		35.4%		34.2%				35.6%		34.2%

Central America's Operating Data(1)
		2Q06		2Q05		Var. %
Wireless Subscribers (thousands)		4,822		3,105		55.3%
Postpaid		323		261		23.7%
Prepaid		4,499		2,844		58.2%
Fixed Lines (thousands)		2,044		1,954		4.6%
Total Lines (Wireless + Fixed, 000's)		6,866		5,059		35.7%
MOU(2)		160		159		0.6%
ARPU (US$) (2)		11		13		-13.8%
Churn (%) (2)		0.8%		1.3%		-0.5

(1) Operating indicators group Guatemala, Nicaragua, El Salvador and Honduras data. Historical data previously calculated on a weighted average basis has been made to conform to the new standard.
(2) Wireless data only.

United States

Tracfone added 879 thousand subscribers in the first six months of 2006, 62.8% more than in the first semester of 2005. Net additions in the second quarter, 112 thousand subscribers, were 35% higher than a year before. Our subscriber base in the United States surpassed seven million clients, representing a 42.2% year-on-year increase.

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In the second quarter, revenues expanded by 7.1% sequentially (36.9% annually), to 330 million dollars. They totaled 639 million dollars in the first semester of 2006, 35.3% more than a year before.

Given the seasonal slowdown of subscriber growth in the second quarter, and hence of subscriber acquisition costs, Tracfone’s EBITDA rose to 28 million dollars in the quarter, or 8.6% of revenues, from a breakeven position the previous quarter.

INCOME STATEMENT
United States
Millions of US$
	2Q06	2Q05	Var.%	Jan - Jun 06	Jan - Jun 05	Var.%
Revenues	330	241	36.9%	639	472	35.3%
EBITDA	29	31	-7.2%	28	69	-58.8%
%	8.6%	12.8%		4.5%	14.6%
EBIT	23	27	-12.0%	18	61	-69.6%
%	7.1%	11.0%		2.9%	12.9%

United States' Operating Data
		2Q06		2Q05		Var. %
Subscribers (thousands)		7,014		4,934		42.2%
MOU		65		63		2.9%
ARPU, Net (US$)		13		14		-6.5%
Churn (%)		6.1%		4.9%		1.2

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Glossary of Terms

ARPU – 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.

Capex – Capital Expenditure. Accrued capital expenditures related to the expansion of the telecommunications infrastructure.

Churn – Disconnection Rate. The ratio of wireless subscribers disconnected during a given period to the number of wireless subscribers at the beginning of that period.

EBIT – Earnings Before Interest and Taxes, also known as Operating Profit.

EBIT margin – The ratio of EBIT to total operating revenue.

EBITDA – Earnings Before Interest, Taxes, Depreciation, and Amortization.

EBITDA margin – The ratio of EBITDA to total operating revenue.

EDGE – Enhanced Data rates for GSM Evolution. A technology that gives GSM the capacity to handle data services for the third generation mobile telephony.

EPS (Mexican pesos) – Earnings per share. Total earnings in Mexican pesos divided by total shares.

Earnings per ADR (US$) – Total earnings in U.S. dollars divided by total ADRs equivalent.

Equity subscribers – Subscribers weighted by the economic interest held in each company.

GSM – Global System for Mobile communications. It is the world’s leading and fastest growing mobile standard.

GPRS – General Packet Radio Service. Enables GSM networks to offer higher capacity, Internet-based-content and packet-based data services. It is a second generation technology.

Gross additions – Total number of subscribers acquired during the period.

Licensed pops – Licensed population. Population covered by the licenses that each of the companies manage.

Market share – A company’s subscriber base divided by the total number of subscribers in that country.

MOU – Minutes of Use per subscriber. The ratio of wireless traffic in a given period to the average number of wireless subscribers in that same period. It is presented on a monthly basis.

Net subscriber additions – The difference in the subscriber base from one period to another. It is the different between gross additions and disconnections.

Net debt – Total short and long term debt minus cash and marketable securities.

Net debt / EBITDA – The ratio of total short and long term debt minus cash and securities to trailing 12-month income before interest, taxes,

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depreciation and amortization.

Prepaid – Subscriber that may purchase airtime to recharge a cellular phone. The client does not hold a contract with the company for voice and data services.

Postpaid – Subscriber that has a contract for the use of airtime. The client has no need of activating airtime, it is done so immediately.

Push-to-talk – Enables compatible mobile phones to function like two-way radios.

SMS – Short Message Service.

SAC – Subscriber Acquisition Cost. The sum of handset subsidies, marketing expenses and commissions to distributors for handset activation. Handset subsidy is calculated as the difference between equipment cost and equipment revenues.

Wireless penetration – The ratio of total wireless subscribers in any given country divided by the total population in that country.

Exchange Rates
		2Q06		2Q05		Var.%		Jan - Jun 06		Jan - Jun 05		Var.%
Mexico
EoP		11.40		10.84		5.1%		11.40		10.84		5.1%
Average		11.21		10.95		2.4%		10.92		11.09		-1.5%
Brazil
EoP		2.16		2.35		-7.9%		2.16		2.35		-7.9%
Average		2.18		2.43		-10.0%		2.18		2.53		-13.8%
Argentina
EoP		3.09		2.89		6.9%		3.09		2.89		6.9%
Average		3.07		2.89		6.2%		3.07		2.91		5.6%
Chile
EoP		539		579		-6.8%		539		578		-6.6%
Average		529		582		-9.1%		526		580		-9.4%
Colombia
EoP		2,633		2,332		12.9%		2,633		2,332		12.9%
Average		2,497		2,336		6.9%		2,382		2,346		1.5%
Guatemala
EoP		7.61		7.62		-0.1%		7.61		7.62		-0.1%
Average		7.60		7.61		-0.2%		7.60		7.64		-0.5%
Honduras
EoP		19.03		19.00		0.1%		19.03		19.00		0.1%
Average		19.03		19.04		-0.1%		19.03		19.02		0.0%
Nicaragua
EoP		17.57		16.73		5.0%		17.57		16.73		5.0%
Average		17.49		16.66		5.0%		17.39		16.56		5.0%
Peru
EoP		3.27		3.25		0.3%		3.27		3.25		0.4%
Average		3.29		3.26		1.1%		3.30		3.26		1.4%
Paraguay
EoP		5,620		6,100		-7.9%		5,620		6,060		-7.3%
Average		5,743		6,217		-7.6%		5,908		6,257		-5.6%
Uruguay
EoP		23.87		24.60		-3.0%		23.87		24.60		-3.0%
Average		23.86		24.58		-2.9%		24.04		24.91		-3.5%

For further information please visit our website at:

http://www.americamovil.com

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Legal Disclaimer

América Móvil, S.A. de C.V. (the “Company”) 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 “believe”, “anticipate”, “expect”, “envisages”, “will likely result”, 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.

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