Telmex Internacional files preliminary prospectus ahead of listings

30 May 2008

BNamericas reports that Telmex Internacional has filed a preliminary prospectus with Mexico’s banking watchdog CNBV ahead of its listing on the local and New York stock exchanges. The company was spun off from Telmex in December and shares are due to begin trading separately in June. According to Telmex Mexico’s CFO Adolfo Cerezo, spinning off Telmex Internacional is one of the company’s three near-term strategies that also comprises improving customer service and performance in the flagging Mexican business. Telmex Interacional currently operates in Argentina, Brazil, Chile, Colombia, Ecuador and Peru.

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