ELEVENTH SUPPLEMENTAL INDENTURE, DATED AS OF JUNE 9, 2014



 Exhibit 4.1 
  

 
 América Móvil, S.A.B.
de C.V., 
 as Issuer 

to 
 The Bank of New York Mellon,

 as Trustee, Security Registrar, Paying Agent and Transfer Agent 

The Bank of New York Mellon, London Branch, 

as London Paying Agent 

and 
 The Bank of New York Mellon
(Luxembourg) S.A., 
 as Luxembourg Paying Agent and Luxembourg Transfer Agent 

 
  

ELEVENTH SUPPLEMENTAL INDENTURE 

Dated as of June 9, 2014 
  

 
 Ps.7,500,000,000

 7.125% Senior Notes due 2024 
  

 







 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	
	 ARTICLE ONE

DEFINITIONS
	   
   

			
	 Section 101.
	 	Provisions of the Base Indenture	  	 	2	  
	 Section 102.
	 	Definitions	  	 	2	  
	
	 ARTICLE TWO

GENERAL TERMS AND CONDITIONS OF THE NOTES
	   
   

			
	 Section 201.
	 	Designation, Principal Amount and Interest Rate	  	 	3	  
	 Section 202.
	 	Denominations	  	 	4	  
	 Section 203.
	 	Computation of Interest	  	 	4	  
	 Section 204.
	 	Forms Generally	  	 	4	  
	 Section 205.
	 	Form of Trustee’s Certificate of Authentication	  	 	13	  
	 Section 206.
	 	Reserved	  	 	13	  
	 Section 207.
	 	Maintenance of Office or Agency	  	 	13	  
	 Section 208.
	 	Euro MTF Market Listing	  	 	14	  
	 Section 209.
	 	Mexican Stock Exchange Listing	  	 	14	  
	
	 ARTICLE THREE

MISCELLANEOUS PROVISIONS
	   
   

			
	 Section 301.
	 	Consent to Service; Jurisdiction	  	 	14	  
	 Section 302.
	 	Governing Law; Waiver of Jury Trial	  	 	15	  
	 Section 303.
	 	Separability of Invalid Provisions	  	 	15	  
	 Section 304.
	 	Execution in Counterparts	  	 	15	  
	 Section 305.
	 	Certain Matters	  	 	15	  


  
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 ELEVENTH SUPPLEMENTAL INDENTURE, dated as of June 9, 2014 (this “Eleventh
Supplemental Indenture”), among América Móvil, S.A.B. de C.V. (the “Company”), a sociedad anónima bursátil de capital variable organized and existing under the laws of the United Mexican States
(“Mexico”), having its principal office at Lago Zurich 245, Plaza Carso / Edificio Telcel, Colonia Ampliación Granada, 11529, Mexico, D.F., Mexico, The Bank of New York Mellon, a banking corporation duly organized and
existing under the laws of the State of New York authorized to conduct a banking business, as Trustee (the “Trustee”), Security Registrar, Paying Agent and Transfer Agent, The Bank of New York Mellon, London Branch, as London Paying Agent,
and The Bank of New York Mellon (Luxembourg) S.A., as Luxembourg Paying Agent (the “Luxembourg Paying Agent”) and Luxembourg Transfer Agent (the “Luxembourg Transfer Agent”), to the Indenture, dated as of June 28, 2012,
between the Company and the Trustee (the “Base Indenture”). The Base Indenture, together with this Eleventh Supplemental Indenture, is herein referred to as the “Indenture”. 

W I T N E S S E T H: 
 WHEREAS,
Section 301 of the Base Indenture provides for the issuance from time to time thereunder, in series, of debt Securities of the Company, and Section 901 of the Base Indenture provides for the establishment of the form or terms of Securities
issued thereunder through one or more supplemental indentures; 
 WHEREAS, the Company desires by this Eleventh Supplemental Indenture to
create a series of Securities to be issued under the Base Indenture, as supplemented by this Eleventh Supplemental Indenture, and to be known as the Company’s “7.125% Senior Notes due 2024” (the “Notes”), which are to be
initially limited in aggregate principal amount as specified in this Eleventh Supplemental Indenture and the terms and provisions of which are to be as specified in this Eleventh Supplemental Indenture; 

WHEREAS, the Company has duly authorized the execution and delivery of this Eleventh Supplemental Indenture to establish the Notes as a series
of Securities under the Base Indenture and to provide for, among other things, the issuance and form of the Notes and the terms, provisions and conditions thereof, and additional covenants for purposes of the Notes and the Holders thereof; and 

WHEREAS, all things necessary to make this Eleventh Supplemental Indenture a valid agreement of the Company, in accordance with its terms,
have been done. 
 NOW, THEREFORE, for and in consideration of the premises and the purchase and acceptance of the Notes by the Holders
thereof and for the purpose of setting forth, as provided in the Base Indenture, the form of the Notes and the terms, provisions and conditions thereof, the Company covenants and agrees with the Trustee, the London Paying Agent and the Luxembourg
Paying Agent and Luxembourg Transfer Agent as follows: 







 ARTICLE ONE 

DEFINITIONS 
 Section 101.
Provisions of the Base Indenture. 
 Except insofar as herein otherwise expressly provided, all the definitions, provisions, terms and
conditions of the Base Indenture shall remain in full force and effect. The Base Indenture, as supplemented by this Eleventh Supplemental Indenture, is in all respects ratified and confirmed, the Base Indenture and this Eleventh Supplemental
Indenture shall be read, taken and considered as one and the same instrument for all purposes, and every Holder of Notes authenticated and delivered under this Eleventh Supplemental Indenture shall be bound hereby. Notwithstanding any other
provision of this Section 101 or the Base Indenture or this Eleventh Supplemental Indenture to the contrary, to the extent any provisions of this Eleventh Supplemental Indenture or any Note issued hereunder shall conflict with any provision of
the Base Indenture, the provisions of this Eleventh Supplemental Indenture or the Note, as applicable, shall govern. 
 Section 102.
Definitions. 
 For all purposes of this Eleventh Supplemental Indenture and the Notes, except as otherwise expressly provided or
unless the subject matter or context otherwise requires: 
 (a) any reference to an “Article” or a
“Section” refers to an Article or Section, as the case may be, of this Eleventh Supplemental Indenture; 
 (b) the
words “herein”, “hereof” and “hereunder” and other words of similar import refer to this Eleventh Supplemental Indenture as a whole and not to any particular Article, Section or other subdivision; 

(c) all terms used in this Eleventh Supplemental Indenture and not defined herein have the meanings assigned to them in the
Base Indenture; 
 (d) the term “Securities”, as defined in the Base Indenture and as used therein (including in
any definition therein), shall be deemed to include or refer to, as applicable, the Notes; 
 (e) the term “Additional
Amounts”, as defined in the Base Indenture and as used therein (including in any definition therein), shall be deemed to refer to Additional Interest, as defined in Section 204(b) herein; 

(f) the term “Depositary”, as used in the Indenture, shall be deemed to refer, with respect to the Notes, to
Clearstream and Euroclear, until a successor Depositary shall have become Depositary pursuant to the applicable provisions of the Base Indenture, and thereafter “Depositary” shall mean such successor Depositary; and 

(g) the following terms have the meanings given to them in this Section 102(g). 

“Business Day” means any day that is (a) not Saturday, Sunday or any other day on which banking institutions in London, New
York City or Mexico City generally are authorized or obligated by law, regulation or executive order to close and (b) a day on which banks and financial institutions in Mexico are open for business with the general public. With respect to Notes
in certificated form, the reference to “Business Day” will also mean a day on which banking institutions generally are open for business in the location of each office of a Transfer Agent, but only with respect to a payment or other action
to occur at that office. 

  
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 “Common Depositary” means The Bank of New York Mellon, London Branch, as common
depositary for the Depositary. 
 “Global Note” means a Note that evidences all or part of the Notes and is authenticated and
delivered to, and registered in the name of, the Common Depositary for such Notes or a nominee thereof. 
 “Interest Payment Date”
means June 9 and December 9 of each year, commencing on December 9, 2014. 
 “Mexican pesos” or “Ps.”
means Mexican pesos or other equivalent in such coin or currency of Mexico as at the time shall be legal tender for the payment of public and private debts. 

“Predecessor Note” means, with respect to any particular Note, every previous Note evidencing all or a portion of the same debt as
that evidenced by such particular Note; and, for the purposes of this definition, any Note authenticated and delivered under Section 305 of the Base Indenture in exchange for or in lieu of a mutilated, destroyed, lost or stolen Note shall be
deemed to evidence the same debt as the mutilated, destroyed, lost or stolen Note. 
 “Office of the London Paying Agent” means,
initially, the office of the London Paying Agent, located at One Canada Square, London E14 5AL, United Kingdom. 
 ARTICLE TWO 

GENERAL TERMS AND CONDITIONS OF THE NOTES 

Section 201. Designation, Principal Amount and Interest Rate. 

(a) There is hereby authorized and established a series of Securities designated the “7.125% Senior Notes due 2024”,
initially in an aggregate principal amount of Ps.7,500,000,000 (which amount does not include Notes authenticated and delivered upon registration of transfer of, in exchange for, or in lieu of, other Securities of such series pursuant to
Sections 304, 305, 306, 906 or 1105 of the Base Indenture), which amount shall be specified in the Company Order for the authentication and delivery of Notes pursuant to Section 303 of the Base Indenture. The principal of the Notes shall
be due and payable at their Stated Maturity. 
 (b) The Company may, from time to time and without the consent of the
Holders, issue additional notes on terms and conditions identical to those of the Notes (except for issue date, issue price and the date from which interest shall accrue and, if applicable, the date on which interest will first be paid), which
additional notes shall increase the aggregate principal amount of, and shall be consolidated and form a single series with, the Notes. 

  
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 (c) The Stated Maturity of the Notes shall be December 9, 2024. The Notes
shall bear interest at the rate of 7.125% per annum from June 9, 2014 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, payable semiannually in arrears on June 9
and December 9 of each year, commencing on December 9, 2014, until the principal thereof is paid or made available for payment on or prior to the Stated Maturity of the Notes; provided, however, that any amount of interest on any Note
which is overdue shall bear interest (to the extent that payment thereof shall be legally enforceable) at the rate per annum then borne by such Note from the date such amount is due to but not including the day it is paid or made available for
payment, and such overdue interest shall be paid as provided in Section 306 of the Base Indenture. 
 Section 202. Denominations. 

The Notes shall be issued only in denominations of Ps.2,000,000 and integral multiples of Ps.10,000 in excess thereof. 

Section 203. Computation of Interest. 

Interest on the Notes shall be computed on the basis of the actual number of days elapsed in an interest period divided by 360. 

Section 204. Forms Generally. 
 The
Notes shall be in substantially the forms set forth in this Section 204, with such appropriate insertions, omissions, substitutions and other variations as are required or permitted by this Eleventh Supplemental Indenture, and may have such
letters, numbers or other marks of identification and such legends or endorsements placed thereon as may be required to comply with the rules of any securities exchange or as may, consistently herewith, be determined by the officers executing such
Notes, as evidenced by their execution thereof; provided that if any Notes are issued in certificated and not global form, such Notes shall be in substantially the form set forth in this Section 204, but shall not contain the legends relating
to Global Notes or the “Schedule of Increases or Decreases in Global Note.” 
 Upon their original issuance, the Notes shall be
issued in the form of one or more Global Notes in definitive, fully registered form, without coupons, substantially in the form set forth in this Section 204. Such Global Notes shall be registered in the name of the Common Depositary, or its
nominee, and deposited with the Common Depositary, duly executed by the Company and authenticated by the Trustee as hereinafter provided. The aggregate amount of any Global Notes may from time to time be increased or decreased by adjustments made on
the records of the Common Depositary. 
 (a) Form of Face of Note. 

[INCLUDE IF NOTE IS A GLOBAL NOTE AND THE COMMON DEPOSITARY IS THE BANK OF NEW YORK MELLON, LONDON BRANCH, AS COMMON DEPOSITARY FOR
CLEARSTREAM AND EUROCLEAR—THIS NOTE IS A GLOBAL SECURITY AND IS REGISTERED IN THE NAME OF THE BANK OF NEW 

  
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YORK DEPOSITORY (NOMINEES) LIMITED, AS NOMINEE OF THE BANK OF NEW YORK MELLON, LONDON BRANCH, AS COMMON DEPOSITARY (THE “COMMON DEPOSITARY”) FOR CLEARSTREAM BANKING,
SOCIÉTÉ ANONYME AND EUROCLEAR BANK S.A./N.V. UNLESS AND UNTIL THIS NOTE IS EXCHANGED IN WHOLE OR IN PART FOR NOTES IN DEFINITIVE FORM, THIS NOTE MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE COMMON DEPOSITARY OR ANOTHER DEPOSITARY OR
BY THE COMMON DEPOSITARY OR A NOMINEE OF THE COMMON DEPOSITARY TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH SUCCESSOR DEPOSITARY.] 

AMÉRICA MÓVIL, S.A.B. DE C.V. 

7.125% Senior Notes due 2024 
 ISIN
Number: XS1075314911/Common Code: 107531491 
 No.
                                         
                                         
                                         
                                         
                Ps. 
 América Móvil, S.A.B. de
C.V. (the “Company”, which term includes any successor Person under the Indenture hereinafter referred to), a sociedad anónima bursátil de capital variable organized and existing under the laws of the United Mexican
States (“Mexico”), for value received, hereby promises to pay to The Bank of New York Depository (Nominees) Limited, or registered assigns, as the nominee of The Bank of New York Mellon, London Branch, as common depositary for Clearstream
Banking, société anonyme and Euroclear Bank, S.A./N.V., the principal sum of Mexican pesos, as revised by the Schedule of Increases and Decreases in Global Note attached hereto on December 9, 2024 (unless earlier redeemed, in
which case, on the applicable Redemption Date) and to pay interest thereon from June 9, 2014 or from the most recent Interest Payment Date to which interest has been paid or duly provided for, as the case may be, semiannually in arrears, on
June 9 and on December 9 of each year, commencing on December 9, 2014 at the rate of 7.125% per annum, until the principal hereof is paid or made available for payment; provided that any principal of, and any premium and
interest on, this Note which is overdue shall bear interest (to the extent that payment thereof shall be legally enforceable) at the rate per annum then borne by this Note from the date such amount is due to but not including the day it is paid or
made available for payment, and such overdue interest shall be paid as provided in Section 306 of the Base Indenture. 
 Interest on
the Notes shall be calculated on the basis of a 360-day year and the actual number of days elapsed from and including the last Interest Payment Date (or, with respect to interest payable on the first Interest Payment Date, from the issue date of
this Note) to but excluding the Interest Payment Date on which the interest payment falls due. 
 The interest so payable, and punctually
paid or duly provided for, on any Interest Payment Date shall, as provided in the Indenture, be paid to the Person in whose name this Note (or one or more Predecessor Notes) is registered at the close of business on the Regular Record Date for such
interest, which shall be the day on which Clearstream and Euroclear are open for business next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for on any Interest Payment Date shall forthwith cease to
be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose name this Note (or 

  
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one or more Predecessor Notes) is registered at the close of business on a Special Record Date for the payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given
to Holders of this Note not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of any securities exchange on which this Note may be listed, and upon such
notice as may be required by such exchange, all as more fully provided in the Indenture. 
 Payment of the principal of, and premium,
if any, and interest on, this Note shall be made at the office of the Trustee or agency of the Company in the Borough of Manhattan, The City of New York, New York and at the Office of the London Paying Agent and, if and for so long as the Notes are
admitted to listing on the Official List of the Luxembourg Stock Exchange and trading on the Euro MTF Market, at the office of the Luxembourg Paying Agent, in each case maintained for such purpose and at any other office or agency maintained by the
Company for such purpose, in Mexican pesos against surrender of this Note in the case of any payment due at the Maturity of the principal thereof (other than any payment of interest that first becomes payable on a day other than an Interest Payment
Date); provided, however, that at the option of the Company, payment of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register. [If the Note is a
Global Note, then insert — Notwithstanding the foregoing, payment of any amount payable in respect of a Global Note shall be made in accordance with the Applicable Procedures of the Depositary.] 

Reference is hereby made to the further provisions of this Note set forth on the reverse hereof, which further provisions shall for all
purposes have the same effect as if set forth at this place. 
 Unless the certificate of authentication hereon has been executed by the
Trustee referred to on the reverse hereof by manual signature, this Note shall not be entitled to any benefit under the Indenture or be valid or obligatory for any purpose. 

  
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 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

Dated: 
  

			
	AMÉRICA MÓVIL, S.A.B. DE C.V.
		
	By:	 	 
		 	Name:
		 	Title:
		
	By:	 	 
		 	Name:
		 	Title:


 This is one of the Notes referred to in the within-mentioned Indenture. 

Dated: 
  

			
	 THE BANK OF NEW YORK MELLON,

as Trustee

		
	By:	 	 
		 	Authorized Officer


 (b) Form of Reverse of Note. 

This Note is one of a duly authorized issue of securities of the Company (the “Notes”), issued under an indenture, dated as of
June 28, 2012 (the “Base Indenture”), between the Company and The Bank of New York Mellon, as Trustee (the “Trustee,” which term includes any successor trustee under the Indenture), Security Registrar, Paying Agent and
Transfer Agent, as supplemented by the Eleventh Supplemental Indenture dated as of June 9, 2014 (the “Eleventh Supplemental Indenture” and, together with the Base Indenture, the “Indenture”) among the Company, the Trustee,
The Bank of New York Mellon, London Branch, as London Paying Agent, and The Bank of New York Mellon (Luxembourg) S.A., as Luxembourg Paying Agent and Luxembourg Transfer Agent, and reference is hereby made to the Indenture for a statement of the
respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the Notes and of the terms upon which the Notes are, and are to be, authenticated and delivered. The terms, conditions and
provisions of this Note are those stated in the Indenture (including those made a part of the Indenture by reference to the Trust Indenture Act) and those set forth in this Note. This Note is one of the series designated on the face hereof. 

  
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 Additional notes on terms and conditions identical to those of this Note (except for issue date,
issue price and the date from which interest shall accrue and, if applicable, the date on which interest will first be paid) may be issued by the Company without the consent of the Holders of the Notes. The amount evidenced by such additional Notes
shall increase the aggregate principal amount of, and shall be consolidated and form a single series with, the Notes, in which case the Schedule of Increases and Decreases in Global Note attached hereto will be correspondingly adjusted. 

In any case where any Interest Payment Date, Redemption Date or Stated Maturity of any Note shall not be a Business Day, then (notwithstanding
any other provision of the Indenture or of the Notes) payment of principal and premium, if any, or interest need not be made on such date, but may be made on the next succeeding Business Day with the same force and effect as if made on the Interest
Payment Date, Redemption Date or at the Stated Maturity, as the case may be; provided that no interest shall accrue for the period from and after such Interest Payment Date, Redemption Date or Stated Maturity, as the case may be. 

If an Event of Default with respect to the Notes shall occur and be continuing, the principal of all of the Notes may be declared due and
payable in the manner and with the effect provided in the Indenture. 
 All payments of principal, premium, if any, and interest in respect
of the Notes shall be made after withholding or deduction for any present or future taxes, duties, assessments or governmental charges of whatever nature imposed, levied, collected, withheld or assessed by or on behalf of Mexico or any authority
therein or thereof having power to tax (“Mexican Taxes”). In the event of any withholding or deduction for any Mexican Taxes, the Company shall pay such additional interest (“Additional Interest”) as will result in receipt by the
Holders of Notes on the respective due dates of such amounts as would have been received by them had no such withholding or deduction (including for any Mexican Taxes payable in respect of Additional Interest) been required, except that no such
Additional Interest shall be payable with respect to any payment on a Note to the extent: 
 (i) that any such taxes, duties, assessments or
other governmental charges are imposed solely because of (A) a connection between the Holder and Mexico other than the ownership or holding of such Note and the mere receipt of payments with respect to such Note or (B) failure by the
Holder or any other Person to comply with any certification, identification or other reporting requirement concerning the nationality, residence, identity or connection with Mexico of the Holder or any beneficial owner of such Note if compliance is
required by law, regulation or by an applicable income tax treaty to which Mexico is a party, as a precondition to exemption from, or reduction in the rate of, the tax, assessment or other governmental charge, and we have given the Holders at least
30 days’ notice prior to the first payment date with respect to which such certification, identification or reporting requirement is required, to the effect that Holders will be required to provide such information and identification; 

(ii) of any such taxes, duties, assessments or other governmental charges with respect to such Note presented for payment more than
15 days after the date on which such payment became due and payable or the date on which payment thereof is duly provided for and notice thereof given to Holders, whichever occurs later, except to the extent that the Holder of such Note would
have been entitled to such Additional Interest on presenting such Note for payment on any date during such 15-day period; 

  
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 (iii) of estate, inheritance, gift or other similar taxes, assessments or other governmental
charges imposed with respect to such Note; 
 (iv) of any tax, duty, assessment or other governmental charge payable otherwise than by
deduction or withholding from payments on such Note; 
 (v) of any payment on such Note to a Holder who is a fiduciary or partnership or a
person other than the sole beneficial owner of any such payment, to the extent that a beneficiary or settlor with respect to such fiduciary, a member of such a partnership or the beneficial owner of such payment would not have been entitled to the
Additional Interest had such beneficiary, settlor, member or beneficial owner been the Holder of such Note; 
 (vi) of any tax, duty,
assessment or other governmental charge imposed on a payment to an individual and required to be made pursuant to European Council Directive 2003/48/EC on the taxation of savings income (as amended from time to time), or any law or agreement
implementing or complying with, or introduced in order to conform to, such directive; and 
 (vii) any combination of the items in
Clauses (i) through (vi) above. 
 For purposes of the provisions described in Clause (i) above, the term “Holder”
of any Note means the direct nominee of any beneficial owner of such Note, which holds such beneficial owner’s interest in such Note. Notwithstanding the foregoing, the limitations on the Company’s obligation to pay Additional Interest set
forth in Clause (i)(B) above shall not apply if (a) the provision of information, documentation or other evidence described in such Clause (i)(B) would be materially more onerous, in form, in procedure or in the substance of
information disclosed, to a Holder or beneficial owner of a Note (taking into account any relevant differences between U.S. and Mexican law, regulation or administrative practice) than comparable information or other reporting requirements imposed
under U.S. tax law (including the United States—Mexico Income Tax Treaty), regulations (including proposed regulations) and administrative practice or (b) Rule I.3.17.11 (or any successor provision) is in effect, unless the provision
of the information, documentation or other evidence described in such Clause (i)(B) is expressly required by statute, regulation, rule or administrative practice in order to apply Rule I.3.17.11 (or any successor provision) and the Company
cannot obtain such information, documentation or other evidence on its own through reasonable diligence and the Company otherwise would meet the requirements for application of Rule I.3.17.11 (or any successor provision). In addition, such
Clause (i)(B) shall not be construed to require that a non-Mexican pension or retirement fund or a non-Mexican financial institution or any other Person register with the Ministry of Finance and Public Credit for the purpose of establishing
eligibility for an exemption from or reduction of Mexican withholding tax. 
 The Company shall provide the Trustee with the
constancia or other relevant documentation, if any (which may consist of certified copies of such documentation), satisfactory to the Trustee evidencing the payment of Mexican Taxes in respect of which the Company has paid any Additional
Interest. Copies of such documentation shall be made available to the Holders of the Notes or any Paying Agent, as applicable, upon request therefor. 

  
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 The Company shall pay all stamp, issue, registration, documentary or other similar duties, if
any, which may be imposed by Mexico or any governmental entity or political subdivision therein or thereof, or any taxing authority of or in any of the foregoing, with respect to the Indenture or the issuance of the Notes. 

All references herein and in the Indenture to principal, premium, if any, interest or any other amount payable in respect of any Note shall be
deemed to include all Additional Interest, if any, payable in respect of such principal, premium, interest or other amount payable, unless the context otherwise requires, and express mention of the payment of Additional Interest in any provision
hereof shall not be construed as excluding reference to Additional Interest in those provisions hereof where such express mention is not made. 

In the event that Additional Interest actually paid with respect to the Notes pursuant to the preceding paragraphs is based on rates of
deduction or withholding of withholding taxes in excess of the appropriate rate applicable to the Holder of such Notes, and, as a result thereof, such Holder is entitled to make claim for a refund or credit of such excess from the authority imposing
such withholding tax, then such Holder shall, by accepting such Notes, be deemed to have assigned and transferred all right, title, and interest to any such claim for a refund or credit of such excess to the Company. However, by making such
assignment, the Holder makes no representation or warranty that the Company will be entitled to receive such claim for a refund or credit and incurs no other obligation with respect thereto. 

All references herein and in the Indenture to principal in respect of any Note shall be deemed to mean and include any Redemption Price
payable in respect of such Note pursuant to any redemption right hereunder (and all such references to the Stated Maturity of the principal in respect of any Note shall be deemed to mean and include the Redemption Date with respect to any such
Redemption Price), and all such references to principal, premium, interest or Additional Interest shall be deemed to mean and include any amount payable in respect hereof pursuant to Section 1009 of the Base Indenture. 

The Company may, at its option, redeem the Notes upon not less than 30 nor more than 60 days’ notice, at any time, in whole but not
in part, at a Redemption Price equal to the sum of (A) 100% of the principal amount of the Notes being redeemed, (B) accrued and unpaid interest thereon to the Redemption Date and (C) any Additional Interest which would otherwise be
payable thereon up to but not including the Redemption Date, solely if, as a result of any amendment to, or change in, the laws (or any rules or regulations thereunder) of Mexico or any political subdivision or taxing authority thereof or therein
affecting taxation or any amendment to or change in an official interpretation or application of such laws, rules or regulations, which amendment to or change in such laws, rules or regulations becomes effective on or after June 9, 2014, the
Company would be obligated, after making reasonable endeavors to avoid such requirement, to pay Additional Amounts in excess of the Additional Amounts that the Company would be obligated to pay if payments made on the Notes were subject to
withholding or deduction of Mexican Taxes at the rate of 4.9%; provided, however, that (1) no notice of redemption pursuant to this clause may be given earlier than 90 days prior to the earliest date on which the Company
would be obligated to pay such Additional Amounts if a payment on the Notes were then due and (2) at the time such notice of redemption is given, the Company’s obligation to pay such Additional Amounts remains in effect. 

  
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 The Indenture permits, with certain exceptions as therein provided, the amendment thereof and the
modification of the rights and obligations of the Company, on the one hand, and the rights of the Holders of the Notes, on the other hand, at any time by the Company and the Trustee with the consent of the Holders of a majority in principal amount
of the Notes at the time Outstanding. The Indenture also contains provisions (1) permitting the Holders of a majority in principal amount of the Notes at the time Outstanding, on behalf of the Holders of all Notes, to waive compliance by the
Company with certain provisions of the Indenture and (2) permitting the Holders of a majority in principal amount of the Notes at the time Outstanding, on behalf of the Holders of all Notes, to waive certain past defaults under the Indenture
and their consequences. Any such consent or waiver by the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note issued upon the registration of transfer hereof or in exchange
herefor or in lieu hereof, whether or not notation of such consent or waiver is made upon this Note. 
 As provided in and subject to the
provisions of the Indenture, the Holder of this Note shall not have the right to institute any proceeding with respect to the Indenture or for the appointment of a receiver or trustee, or for any other remedy thereunder, unless such Holder shall
have previously given the Trustee written notice of a continuing Event of Default with respect to the Notes, the Holders of not less than 25% in principal amount of the Notes at the time Outstanding shall have made written request to the Trustee to
institute proceedings in respect of such Event of Default as Trustee and offered the Trustee indemnity reasonably satisfactory to it, and the Trustee shall not have received from the Holders of a majority in principal amount of Notes at the time
Outstanding a direction inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice, request and offer of indemnity. The foregoing shall not apply to any suit instituted by
the Holder of this Note for the enforcement of any payment of principal hereof or premium, if any, and/or interest hereon on or after the respective due dates expressed herein. 

No reference herein to the Indenture and no provision of this Note or of the Indenture shall alter or impair the obligation of the Company,
which is absolute and unconditional, to pay the principal of and premium, if any, and interest on this Note at the times, place and rate, and in the coin or currency, herein prescribed. 

As provided in the Indenture, and subject to certain limitations therein set forth (including, without limitation, the restrictions on
transfer under Section 304 of the Base Indenture), the transfer of this Note is registrable in the Security Register, upon surrender of this Note for registration of transfer at the office of the Trustee or agency of the Company in any place
where the principal of and any premium and interest on this Note are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to the Company and the Security Registrar duly executed by, the Holder hereof or
his attorney duly authorized in writing, and thereupon one or more new Notes of this series and of like tenor, of authorized denominations and for the same aggregate principal amount, shall be issued to the designated transferee or transferees. 


  
 11 








 The Notes are issuable only in registered form without coupons in denominations of Ps.2,000,000
and integral multiples of Ps.10,000 in excess thereof. As provided in the Indenture, and subject to certain limitations therein set forth, Notes are exchangeable for a like aggregate principal amount of Notes of like tenor of a different authorized
denomination, as requested by the Holder surrendering the same. 
 No service charge shall be made for any such registration of transfer or
exchange, but the Company or the Trustee may require payment of a sum sufficient to cover any tax or other governmental charge payable in connection therewith. 

Prior to due presentment of this Note for registration of transfer, the Company, the Trustee and any agent of the Company or of the Trustee
may treat the Person in whose name this Note is registered as the owner hereof for all purposes, whether or not this Note is overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the contrary. 

[If the Note is a Global Note, then insert — This Note is a Global Note and is subject to the provisions of the Indenture relating
to Global Notes, including the limitations in Section 304 of the Base Indenture on transfers and exchanges of Global Notes.] 
 This
Note and the Indenture shall be governed by, and construed in accordance with, the law of the State of New York. 
 All terms used in this
Note which are defined in the Indenture and not otherwise defined herein shall have the meanings assigned to them in the Indenture. 
  

 
 ABBREVIATIONS

 The following abbreviations, when used in the inscription of the face of this Note, shall be construed as though they were written out in
full according to applicable laws or regulations: 
  

			
	TEN COM - as tenants in common	 	UNIF GIFT MIN ACT —                             
		 	                                      
              (Cust)
	TEN ENT - as tenants by the entireties	 	Custodian                              under Uniform
		 	                        (Minor)
	 JT TEN -     as joint tenants with right
of survivorship and not as
tenants in common
	 	Gifts to Minors Act                             
		 	                                      
  (State)
	
	Additional abbreviations may also be used
though not in the above list.

  
  

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 

  
 12 








 The following increases or decreases in this Global Note have been made: 

 

									
	 Date of transfer or exchange
	 	 Amount of decrease in
principal amount of this
Global Note
	 	 Amount of increase in principal
amount of this Global Note
	 	 Principal amount of this Global
Note following such decrease
or increase
	 	 Signature of authorized
signatory of Trustee or Security
Registrar



Section 205. Form of Trustee’s Certificate of Authentication. 

The Trustee’s certificate of authentication shall be in substantially the following form: 

This is one of the Notes referred to in the within-mentioned Indenture. 

Dated: 
  

			
	 THE BANK OF NEW YORK MELLON,

as Trustee

		
	By:	 	 
		 	Authorized Officer


 Section 206. Reserved. 

Section 207. Maintenance of Office or Agency. 

(a) With respect to any Notes that are not in the form of a Global Note, the Company shall maintain in the Borough of
Manhattan, The City of New York, New York and in London, United Kingdom an office or agency, in each case, in accordance with Section 1002 of the Base Indenture. 

(b) If and for so long as the Notes are admitted to listing on the Official List of the Luxembourg Stock Exchange and trading
on the Euro MTF Market, the Company shall maintain pursuant to Section 1002 of the Base Indenture an office or agency in Luxembourg where the Notes may be presented or surrendered for payment, where the Notes may be surrendered for registration
of transfer or exchange and where notices and demands to or upon the Company in respect of the Notes and the Indenture may be served. The Company has initially appointed The Bank of New York Mellon (Luxembourg) S.A. as the Luxembourg Paying Agent
and the Luxembourg Transfer Agent for such transfers and exchanges and for such notices and demands in Luxembourg with respect to the Notes. The Bank of New York Mellon (Luxembourg) S.A. has its main offices at 2-4 rue Eugene Rupert, Vertigo
Building-Polaris, L-2453 Luxembourg. 

  
 13 








 (c) If for any reason The Bank of New York Mellon (Luxembourg) S.A. shall not
continue as the Luxembourg Paying Agent or Luxembourg Transfer Agent for such transfers and exchanges and for such notices and demands in Luxembourg with respect to the Notes and the Notes are admitted to listing on the Official List of the
Luxembourg Stock Exchange and trading on the Euro MTF Market, the Company shall appoint a substitute Paying Agent and/or Transfer Agent, as applicable, in Luxembourg, in accordance with the rules then in effect of the Luxembourg Stock Exchange and
the provisions of the Indenture and the Notes. Following the appointment of a substitute Paying Agent or Transfer Agent in Luxembourg, the Company shall give the Holders of the Notes notice of such appointment pursuant to Section 106 of the
Base Indenture. 
 Section 208. Euro MTF Market Listing. 

The Company shall use its reasonable best efforts to have the Notes admitted to listing on the Official List of the Luxembourg Stock Exchange
and trading on the Euro MTF Market; provided, however, that the Company will not be required to maintain such admission to listing and trading. 

Section 209. Mexican Stock Exchange Listing. 

The Notes have been admitted to listing on the Bolsa Mexicana de Valores, S.A.B. de C.V. (the Mexican Stock Exchange).
However, the Company shall not be required to maintain such admission to listing and trading. 
 ARTICLE THREE 

MISCELLANEOUS PROVISIONS 

Section 301. Consent to Service; Jurisdiction. 

Each party hereto agrees that any legal suit, action or proceeding arising out of or relating to this Eleventh Supplemental Indenture, the
Base Indenture or the Notes may be instituted in any federal or state court in the Borough of Manhattan, The City of New York, New York and in the courts of its own corporate domicile, in respect of actions brought against each such party as a
defendant, and each waives any objection which it may now or hereafter have to the laying of the venue of any such legal suit, action or proceeding, waives any immunity from jurisdiction or to service of process in respect of any such suit, action
or proceeding, waives any right to which it may be entitled on account of place of residence or domicile, and irrevocably submits to the jurisdiction of any such court in any such suit, action or proceeding. The Company hereby designates and
appoints CT Corporation System, 111 Eighth Avenue, 13th Floor, New York, New York 10011, as its authorized agent upon which process may be served in any legal suit, action or proceeding arising out of or relating to this Eleventh Supplemental
Indenture or the Notes which may be instituted in any federal or state court in the Borough of Manhattan, The City of New York, New York, and agrees that service of process upon such agent shall be deemed in every respect effective service of
process upon the Company in any such suit, action or proceeding, and further designates its domicile, the domicile of CT Corporation System specified above and any domicile CT Corporation System may have in


  
 14 








 
the future as its domicile to receive any notice hereunder (including service of process). If for any reason CT Corporation System (or any successor agent for this purpose) shall cease to
act as agent for service of process as provided above, the Company will promptly appoint a successor agent for this purpose reasonably acceptable to the Trustee. The Company agrees to take any and all actions as may be necessary to maintain such
designation and appointment of such agent in full force and effect. 
 Section 302. Governing Law; Waiver of Jury Trial. 

(a) THIS ELEVENTH SUPPLEMENTAL INDENTURE AND THE NOTES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE
LAW OF THE STATE OF NEW YORK. 
 (b) EACH OF THE PARTIES HERETO (EXCEPT, FOR THE AVOIDANCE OF DOUBT, THE HOLDERS OF THE
NOTES) HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ALL RIGHTS TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO THE BASE INDENTURE, THIS
ELEVENTH SUPPLEMENTAL INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. 
 Section 303. Separability of Invalid
Provisions. 
 In case any one or more of the provisions contained in this Eleventh Supplemental Indenture should be invalid, illegal or
unenforceable in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions contained in this Eleventh Supplemental Indenture, and to the extent and only to the extent that any such provision is invalid,
illegal or unenforceable, this Eleventh Supplemental Indenture shall be construed as if such provision had never been contained herein. 
 Section 304.
Execution in Counterparts. 
 This Eleventh Supplemental Indenture may be simultaneously executed and delivered in any number of
counterparts, each of which when so executed and delivered shall be deemed to be an original, and such counterparts shall together constitute but one and the same instrument. 

Section 305. Certain Matters. 

(a) The Trustee, the London Paying Agent and the Luxembourg Paying Agent shall not be responsible in any manner whatsoever for
or in respect of the validity or sufficiency of this Eleventh Supplemental Indenture or for or in respect of the recitals contained herein, all of which are made solely by the Company. 

(b) In the performance of its obligations hereunder, the Trustee shall be provided with any rights, benefits, protections,
indemnities and immunities afforded to it pursuant to the Base Indenture. The rights, privileges, protections, immunities and benefits given to the Trustee hereunder and under the Base Indenture are extended to, and shall be enforceable by, the
London Paying Agent and the Luxembourg Paying Agent. 
 [Signature page follows] 

  
 15 








 IN WITNESS WHEREOF, the parties hereto have caused this Eleventh Supplemental Indenture to be
duly executed on their respective behalves, all as of the day and year first written above. 
  

					
	 AMÉRICA MÓVIL, S.A.B. DE C.V.,

as Issuer

		
	By:	 	/s/ Carlos José García Moreno Elizondo
		 	Name:	 	Carlos José García Moreno Elizondo
		 	Title:	 	Chief Financial Officer
	
		
	By:	 	/s/ Alejandro Cantú Jiménez
		 	Name:	 	Alejandro Cantú Jiménez
		 	Title:	 	General Counsel


 [Signature page to Eleventh Supplemental Indenture – June 2014 10-Year Peso Takedown] 







 
					
	 THE BANK OF NEW YORK MELLON,

as Trustee, Security Registrar, Paying Agent and Transfer Agent

		
	By:	 	/s/ John T. Needham, Jr.
		 	Name:	 	John T. Needham, Jr.
		 	Title:	 	Vice President
	
	 THE BANK OF NEW YORK MELLON,

LONDON BRANCH, as London Paying Agent

		
	By:	 	/s/ John T. Needham, Jr.
		 	Name:	 	John T. Needham, Jr.
		 	Title:	 	Vice President
	
	THE BANK OF NEW YORK MELLON (LUXEMBOURG) S.A., as Luxembourg Paying Agent and Luxembourg Transfer Agent
		
	By:	 	/s/ John T. Needham, Jr.
		 	Name:	 	John T. Needham, Jr.
		 	Title:	 	Attorney-in-fact


 [Signature page to Eleventh Supplemental Indenture – June 2014 10-Year Peso Takedown]