Telmex 2Q net income rises 16%

20 Jul 2007

Telmex, Mexico’s largest fixed-line phone company, has posted a better-than-expected 16.4% rise in second quarter net profit after a modest increase in revenue. In the three months ended 30 June the company, controlled by the world’s richest man Carlos Slim, recorded a net profit of MXP8.04 billion (USD744 million). Revenue was up 1.9% to MXP45.69 billion.

In its home market Telmex claimed 18.2 million fixed lines in service at the end of June 2007, down by 400,000 on the same period of 2006. Meanwhile internet access accounts rose from 2.32 million to 2.92 million over the same period, of which 1.3 million and 2.38 million respectively were ADSL connections.

Mexico, Telefonos de Mexico (Telmex)