Word: telmex
(lookup in dictionary)
(lookup stats)
Dates: during 1991-1991
Sort By: most recent first
(reverse)
Four months ago, the government completed the first and most important phase of the sale of Telefonos de Mexico, the national phone company, whose market value is about $8 billion and whose profits last year totaled $1 billion. The state has sold 20.4% of Telmex stock, which represents the majority of voting power, for $1.76 billion. The buyers: a consortium led by Grupo Carso, a Mexico City-based conglomerate headed by entrepreneur Carlos Slim and including Southwestern Bell and France Telecom. But the Federal Communications Commission in Washington is considering regulatory changes that could limit one of Telmex's most...