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TracFone Wireless, Inc., Statement On FCC Action

Stocks in this article: AMOVAMX

MIAMI, Oct. 1, 2013 /PRNewswire-USNewswire/ -- TracFone Wireless, Inc., issued the following statement today on behalf of its SAFELINK WIRELESS® service for income-eligible households under the federal Lifeline program:

"Last night, we learned that the Federal Communications Commission (FCC) is disputing TracFone Lifeline wireless billing involving less than $8,000 and involving fewer than 850 people. With almost 4 million Lifeline customers, obviously this is a very small percent.

"We will respond to the FCC at the appropriate time. However, we do not believe that our conduct violated any rules or that the proposed FCC action is warranted. We believe that we have the most sound program in the industry when it comes to wireless Lifeline. TracFone has been a leader in both innovative wireless Lifeline services and in preventing program abuses. We have proposed many reforms to prevent waste, fraud and abuse of Universal Service Fund resources. Some of those proposals were included in the FCC's 2012 Lifeline rules. And TracFone continues to propose additional fraud prevention measures including a ban on in-person distribution of handsets associated with Lifeline services.

"Our goal at TracFone Wireless has always been to do whatever it takes to clear up any such issues as expeditiously as possible. We will have no additional statement on this matter until we submit our response to the FCC."

TracFone Wireless, Inc. is a subsidiary of America Movil S.A.B. de C.V. ("AMX") (BMV: AMX; NYSE: AMX; Nasdaq: AMOV; LATIBEX: XAMXL), AMX is the leading provider of wireless services in Latin America.

SOURCE TracFone Wireless, Inc. Miami, FL

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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