This prospectus supplement relates to an effective registration statement under the U.S. Securities Act of 1933, as amended, but is not complete and may be changed. This prospectus supplement and the accompanying prospectus are not an offer to sell these securities and are not soliciting an offer to buy these securities in any jurisdiction where the offer or sale is not permitted.
Filed Pursuant to Rule 424(b)(2)
Registration No. 333-287731
Subject to Completion, dated November 18, 2025
PROSPECTUS SUPPLEMENT
(To Prospectus Dated June 3, 2025)
América Móvil, S.A.B. de C.V.
Ps. 10.125% Senior Notes due 2029
Ps. 10.300% Senior Notes due 2034
We are offering Ps. aggregate principal amount of our 10.125% senior notes due 2029 (the “2029 MXN Notes”) and Ps. aggregate principal amount of our 10.300% senior notes due 2034 (the “2034 MXN Notes” and, together with the 2029 MXN Notes, the “MXN Notes”).
The 2029 MXN Notes will be part of the same series as, and will be fungible with, the Ps.17,500,000,000 aggregate principal amount of 10.125% senior notes due 2029 that we issued on March 27, 2024 and the Ps.6,000,000,000 aggregate principal amount of 10.125% senior notes due 2029 that we issued on July 8, 2025 (the “Existing 2029 MXN Notes”). The 2034 MXN Notes will be part of the same series as, and will be fungible with, the Ps.20,000,000,000 aggregate principal amount of 10.300% senior notes due 2034 that we issued on February 1, 2024 and the Ps.3,500,000,000 aggregate principal amount of 10.300% senior notes due 2034 that we issued on July 8, 2025 (the “Existing 2034 MXN Notes” and, together with the Existing 2029 MXN Notes, the “Existing MXN Notes”). The MXN Notes of each series will have the same terms in all respects as the Existing MXN Notes of the same series (except with respect to the date of issuance, the initial issuance price, the date from which interest accrues and the date on which interest is first paid).
We will pay interest on the 2029 MXN Notes on January 22 and July 22 of each year, beginning on January 22, 2026. We will pay interest on the 2034 MXN Notes on January 30 and July 30 of each year, beginning on January 30, 2026. The 2029 MXN Notes will mature on January 22, 2029, and the 2034 MXN Notes will mature on January 30, 2034. The offerings of each series of the MXN Notes pursuant to this prospectus supplement are not conditioned upon one another.
The MXN Notes will be our unsecured and unsubordinated obligations and will rank equally in right of payment with all of our other unsecured and unsubordinated debt. The MXN Notes will be effectively subordinated to all of our existing and future secured obligations and to all existing and future liabilities of our subsidiaries. The MXN Notes will not be guaranteed by any of our subsidiaries.
Prior to the applicable Par Call Date (as defined herein), we may, at our option, redeem the MXN Notes of either series, in whole at any time or in part from time to time, by paying the greater of the principal amount of the MXN Notes of such series to be redeemed and a “make-whole” amount, plus accrued and unpaid interest and any additional interest thereon to, but not including, the applicable redemption date. On or after the applicable Par Call Date, we may, at our option, redeem the outstanding MXN Notes of either series, in whole at any time or in part from time to time, at 100% of the principal amount thereof, plus accrued and unpaid interest and additional interest thereon to, but not including, the applicable redemption date. See “Description of Notes—Optional Redemption—Optional Redemption With ‘Make-Whole’ Amount or at Par” in this prospectus supplement and “Description of MXN Notes—Optional Redemption—Optional Redemption” in the accompanying prospectus. In the event of certain changes in the applicable rate of Mexican withholding taxes on interest, we may redeem the outstanding MXN Notes of either series, in whole but not in part, at a price equal to 100% of their principal amount, plus accrued and unpaid interest thereon to the applicable redemption date. See “Description of Notes—Optional Redemption—Tax Redemption” in this prospectus supplement and “Description of MXN Notes—Optional Redemption—Redemption for Taxation Reasons” in the accompanying prospectus.
The MXN Notes are being offered concurrently in Mexico pursuant to a prospectus and a prospectus supplement expected to be approved by the Comisión Nacional Bancaria y de Valores (the National Banking and Securities Commission, or the “CNBV”). Upon such approval, the MXN Notes will be registered with the Mexican Registro Nacional de Valores (the National Securities Registry, or the “RNV”) maintained by the CNBV.
The Existing MXN Notes are listed on the Official List of the Luxembourg Stock Exchange for trading on the EuroMTF and on the Bolsa Mexicana de Valores, S.A.B. de C.V. (the “Mexican Stock Exchange”). We will apply to list the MXN Notes on the Official List of the Luxembourg Stock Exchange for trading on the Euro MTF Market. The MXN Notes will be listed on the Mexican Stock Exchange.
Investing in the MXN Notes involves risks. See “
Risk Factors” beginning on page S-
10 of this prospectus supplement and page
5 of the accompanying prospectus.
| | | | | | | | | | | | |
10.125% Senior Notes due 2029 | | | % | | | % | | | % | | | Ps. |
10.300% Senior Notes due 2034 | | | % | | | % | | | % | | | Ps. |
| | | | | | | | | | | | |
(1)
| Plus an aggregate of Ps. of accrued interest from July 22, 2025 to , 2025 for the 2029 MXN Notes and an aggregate of Ps. of accrued interest from July 30, 2025 to , 2025 for the 2034 MXN Notes, plus, in each case, additional accrued interest if the settlement occurs after such date. |
(2)
| Before deducting expenses related to this offering. |
THIS PROSPECTUS SUPPLEMENT AND THE ACCOMPANYING PROSPECTUS ARE SOLELY OUR RESPONSIBILITY AND HAVE NOT BEEN REVIEWED OR AUTHORIZED BY THE CNBV. WE WILL NOTIFY THE CNBV OF THE OFFERING OF THE MXN NOTES OUTSIDE MEXICO TO COMPLY WITH ARTICLE 7 OF THE LEY DEL MERCADO DE VALORES (THE MEXICAN SECURITIES MARKETS LAW) AND FOR STATISTICAL AND INFORMATION PURPOSES ONLY. THE REGISTRATION OF THE MXN NOTES WITH THE RNV AND SUCH NOTICE TO THE CNBV DO NOT IMPLY ANY CERTIFICATION AS TO THE INVESTMENT VALUE OF THE MXN NOTES, OUR SOLVENCY OR THE ACCURACY OF THE INFORMATION CONTAINED HEREIN, AND DOES NOT VALIDATE ANY ACT DONE IN VIOLATION OF APPLICABLE LAWS.
None of the CNBV, the U.S. Securities and Exchange Commission (the “SEC”) or any U.S. state or other foreign securities commission has approved or disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
Delivery of the MXN Notes will be made in book-entry form through the facilities of Clearstream Banking, S.A. (“Clearstream”) and Euroclear Bank S.A./N.V. (“Euroclear”), for the accounts of their direct and indirect participants, including S.D. Indeval Institución para el Depósito de Valores, S.A. de C.V., on or about , 2025.
Joint Bookrunners
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BofA Securities | | | Goldman Sachs & Co. LLC | | | Santander | | | Scotiabank |
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The date of this prospectus supplement is , 2025.