MEXICO CITY, Oct 7 (Reuters) - America Movil

said late Monday:

* SIGNED NON-BINDING AGREEMENT WITH ENTEL TO JOINTLY EXPLORE

POTENTIAL OFFER TO ACQUIRE TELEFONICA'S ASSETS IN CHILE

* UNDER THE TERMS OF THE NON-BINDING AGREEMENT THE COMPANIES

MAY

DECIDE AT ANY TIME NOT TO SUBMIT AN OFFER, OR TO SUBMIT AN OFFER

INDIVIDUALLY OR JOINTLY

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(Mexico City Newsroom)