Telmex opts to pursue remaining Embratel shares

9 Jun 2006

Mexican giant Telmex will continue its cash tender offer for the remaining shares in Embratel, according to a statement released from the Brazilian operator. Telmex currently owns 72.4% of Embratel. The deal had been in doubt after Telmex released as statement on 25 May 2006 saying it needed two weeks to decide whether or not to pursue the offer.

Brazil, Telefonos de Mexico (Telmex)