BWR Begins Tracking Telefonos de Mexico, S.A.B. de C.V.

0 Comments | M2 Presswire, February, 2007

M2 PRESSWIRE-13 February 2007-Blue Chip News: BWR Begins Tracking Telefonos de Mexico, S.A.B. de C.V.(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:13022007 Telefonos de Mexico (Telmex) is no longer a monopoly, but it's still Mexico's #1 fixed-line telecom operator with more than 18 million access lines in service and over 70 of the market.

Telmex has spun off its Telcel subsidiary (Mexico's leading wireless carrier) and most of its international investments to form America Movil, which in turn owns a stake in Latin American wireless joint venture America Telecom. Carso Global Telecom, a holding company controlled by Mexican billionaire Carlos Slim Hel, owns a controlling 71 voting stake in Telmex. Shares were down 2 as fourth quarter net profit drops....

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