As filed with the Securities and Exchange Commission on May 1, 2024

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM 20-F/A

☐  REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934

or

☒  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2023 or

or

☐  TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

or

☐  SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of event requiring this shell company report        

For the transition period from          to         

Commission file number: 1-16269

AMÉRICA MÓVIL, S.A.B. DE C.V.

(exact name of registrant as specified in its charter)

America Mobile

(translation of registrant’s name into English)

United Mexican States (jurisdiction of incorporation)

Lago Zurich 245, Plaza Carso / Edificio Telcel, Colonia Ampliación Granada, Miguel Hidalgo, 11529, Mexico City, Mexico

(address of principal executive offices)

Daniela Lecuona Torras

Lago Zurich 245, Plaza Carso / Edificio Telcel, Piso 16, Colonia Ampliación Granada, Miguel Hidalgo 11529 Mexico City, Telephone:

(5255) 2581-3700 / Facsimile: (5255) 2581-4422

E-mail: daniela.lecuona@americamovil.com

(name, telephone, e-mail and/or facsimile number and address of company contact person)

Securities registered pursuant to Section 12(b) of the Act:

TITLE OF EACH CLASS:	TRADING SYMBOL	NAME OF EACH EXCHANGE ON WHICH REGISTERED
American Depositary Shares, each representing 20 B Shares, without par value	AMX	New York Stock Exchange
3.625% Senior Notes Due 2029	AMX29	New York Stock Exchange
2.875% Senior Notes Due 2030	AMX30	New York Stock Exchange
4.700% Senior Notes Due 2032	AMX32	New York Stock Exchange
6.375% Senior Notes Due 2035	AMX35	New York Stock Exchange
6.125% Senior Notes Due 2037	AMX37	New York Stock Exchange
6.125% Senior Notes Due 2040	AMX40	New York Stock Exchange
4.375% Senior Notes Due 2042	AMX42	New York Stock Exchange
4.375% Senior Notes Due 2049	AMX49	New York Stock Exchange

Securities registered pursuant to Section 12(g) of the Act: None

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act: None

The number of outstanding shares of each of the registrant’s classes of capital or common stock as of December 31, 2023:

62,450 million   B Shares

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.	Yes	X	No
If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.	Yes		No	X
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days.	Yes	X	No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this Chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).	Yes	X	No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act

 X  Large accelerated filer Accelerated filer Non-accelerated filer Emerging growth company

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.	Yes	X	No
If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.	Yes		No	X
Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to § 240.10D-1(b).	Yes		No	X

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing

U.S. GAAP   X  International Financial Reporting Standards as issued by the International Accounting Standards Board    Other  

If “other” has been checked in response to the previous question, indicate by check mark which financial statement item	Item	Item
the registrant has elected to follow.	17	18
If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the	Yes	No	X
Exchange Act).

EXPLANATORY NOTE

This Amendment No. 1 (“Amendment No. 1”) amends the Annual Report on Form 20-F of América Móvil, S.A.B. de C.V. (“América Móvil,” “we” or the “Company”) for the fiscal year ended December 31, 2023, filed on April 29, 2024 (the “Original Form 20-F”). This Amendment No. 1, which replaces in its entirety the Original Form 20-F, is being filed solely to correct information that was inadvertently added or omitted during the process of filing the Original Form 20-F. The corrected information does not affect the Company’s audited financial statements filed with the Original Form 20-F.

This Amendment No. 1 reflects information as of the original filing date of the Original Form 20-F, does not reflect events occurring after that date and does not modify or update in any way disclosures made in the Original Form 20-F, except as described above.

(See Form 20-F Cross Reference Guide on page 98)
6	SELECTED FINANCIAL DATA
9	PART I: INFORMATION ON THE COMPANY
10	About América Móvil
18	Our Networks
19	Our Competitors
19	Acquisitions, Other Investments and Divestitures
21	Marketing, Sales and Distribution, Customer Services
23	PART II: OPERATING AND FINANCIAL REVIEW AND PROSPECTS
24	Overview
26	Results of Operations
34	Liquidity and Capital Resources
39	PART III: RISK FACTORS
52	PART IV: SHARE OWNERSHIP AND MAJOR SHAREHOLDERS TRADING
53	Major Shareholders
54	Related Party Transactions
55	Dividends
55	Trading Markets
55	Bylaws
56	Purchases of Equity Securities by the Issuer and Affiliated Purchasers
57	Taxation of Shares and ADSs
62	PART V: CORPORATE GOVERNANCE
63	Management
67	Corporate Governance
69	Controls and Procedures
72	Corporate Sustainability Report
73	Cybersecurity
75	Code of Ethics
77	PART VI: REGULATION
93	PART VII: ADDITIONAL INFORMATION
94	Employees
94	Legal Proceedings
95	Principal Accountant Fees and Services
96	Additional Information
97	Forward-Looking Statements
98	Form 20-F Cross Reference Guide
100	Signatures
103	PART VIII: CONSOLIDATED FINANCIAL STATEMENTS

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We prepared our audited consolidated financial statements included in this annual report in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board (“IFRS”). The selected financial information should be read in conjunction with, and is qualified in its entirety by reference to, our audited consolidated financial statements.

We present our audited consolidated financial statements in Mexican pesos (“Ps.”). This annual report contains translations of various Mexican peso amounts into U.S. dollars at specified rates solely for your convenience. You should not construe these translations as representations that the Mexican peso amounts actually represent the U.S. dollar amounts or could be converted into U.S. dollars at the rate indicated. Unless otherwise indicated, we have translated U.S. dollar amounts from Mexican pesos at the exchange rate of Ps.16.8935 to U.S.$1.00, which was the rate reported by Banco de México on December 29, 2023, as published in the Official Gazette of the Federation (Diario Oficial de la Federación, or “Official Gazette”).

On August 8, 2022, we completed the spin-off of our telecommunications towers and other related passive infrastructure in Latin America outside of Mexico, other than Colombia and our telecommunications towers existing in Peru and in the Dominican Republic prior to the spin-off, as previously disclosed in our press release furnished on a report on Form 6-K on August 8, 2022. As part of the spin-off and the associated corporate restructuring, we contributed to Sitios Latinoamérica, S.A.B. de C.V. (“Sitios Latam”) capital stock, assets and liabilities, mainly consisting of the shares of our subsidiaries holding telecommunications towers and other associated infrastructure in Latin America outside of Mexico, other than Colombia and our telecommunications towers existing in Peru and in the Dominican Republic prior to the spin-off. On February 3, 2023, we completed the sale of all of our telecommunication towers owned by our subsidiary in the Dominican Republic to Sitios Latam for an amount of Ps.2.4 billion. Between March and July, 2023, we completed the sale of all of our telecommunication towers owned by our subsidiary in Peru to Sitios Latam for an amount of Ps.4.0 billion. As a result of the spin-off, as of our annual report for the fiscal year ended December 31, 2022, the assets and liabilities of Sitios Latam no longer

appear in the consolidated financial information included in our annual reports. We maintain commercial relationships with Sitios Latam through our subsidiaries, which are parties to master service agreements for passive infrastructure sharing with Sitios Latam for the use of tower space, property and other equipment. The terms of those agreements for tower space are between five (5) and twelve (12) years, while terms for property and other equipment are usually between five (5) and twenty five (25) years, each with an option to renew.

On October 6, 2022, we combined our Chilean operation, Claro Chile, S.A. (“Claro Chile”), with the Chilean operation of Liberty Latin America, Ltd. (“LLA”), VTR, in order to create Claro Chile, SpA, a 50:50 joint venture (“ClaroVTR”); as a result, Claro Chile ceased to be our wholly owned subsidiary, as previously disclosed in our press release furnished on a report on Form 6-K on October 6, 2022. In accordance with IFRS 11 Joint Arrangements (“IFRS 11”), ClaroVTR was classified as a joint venture, since we exercise joint control over ClaroVTR with LLA, and all relevant decisions require the consent of both parties. As a result, in accordance with IFRS 5 Non-current Assets Held for Sale and Discontinued Operations (“IFRS 5”), the operations of Claro Chile are classified as discontinued operations for all reporting periods prior to 2023 presented in the consolidated financial information included in this report and are recognized through the equity method from October 6, 2022 onwards. Accordingly, where applicable, results are presented in the profit (loss) after tax from discontinued operations in the consolidated financial information included in this annual report. Operating and financial information presented herein therefore excludes Claro Chile, including for periods prior to the creation of the joint venture. In September 2023, we identified impairment indicators and assessed that there is objective evidence that ClaroVTR is impaired. As a result, an amount of Ps.4.7 billion was recorded as the difference between the recoverable amount of ClaroVTR and its carrying value. Additionally, as of December 31, 2023, we recorded an impairment relating to purchased convertible notes from ClaroVTR totaling Ps.12.2 billion. Both amounts are recorded under “valuation of derivatives, interest cost from labor obligations and other financial items” in our consolidated statements of comprehensive income. See Note 22 to our audited consolidated financial statements.

6

	FOR THE YEAR ENDED DECEMBER 31,
			2021 (2)			2022 (3)(4)				2023		2023
	(in millions of Mexican pesos, except share and per share amounts)											(in millions of U.S. dollars, except share and per share amounts)
STATEMENT OF COMPREHENSIVE INCOME DATA:
Operating revenues		Ps.		830,687	Ps.		844,501		Ps.		816,013		U.S.	48,303
Operating costs and expenses				506,828			514,996				496,443			29,387
Depreciation and amortization				156,303			158,634				151,786			8,985
Operating income				167,556			170,871				167,784			9,931
Net profit for the year from continuing operations		Ps.		72,090	Ps.		88,225		Ps.		80,790		U.S.	4,782
Net profit (loss) for the year from discontinued operations				124,236	-		(6,719	)			-			-
Net profit for the year		Ps.		196,326	Ps.		81,506		Ps.		80,790		U.S.	4,782
NET PROFIT (LOSS) ATTRIBUTABLE FOR THE YEAR TO:
Equity holders of the parent from continuing operations		Ps.		68,187