Telmex to form Telmex Internacional

2 Jan 2008

Shareholders in Telmex have approved a proposal to spin-off its international operations into a new company called Telmex Internacional. It will comprise subsidiaries in Argentina, Brazil, Chile, Colombia, Ecuador and Peru, and will have assets of over USD11 billion, including fixed line, cable and WiMAX networks. The Mexican giant plans are to list the company on the Mexican and US stock markets.