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Telmex

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Last updated: 18 Nov 2004 Update History

Report Status: Archived

Report Pages: 9

Analyst: Lucia Bibolini

Synopsis

Archived report: this report was archived in August 2005 and was last updated in November 2004. Telmex dominates the Mexican fixed telecom market, with around 96% of the country’s fixed lines in service (as at September 2004). Telmex is also Mexico’s leading ISP; its Prodigy branded services include dial-up, ADSL, ISDN and WiFi. The economic slowdown in Mexico led Telmex to look abroad for expansion and, in November 2003, it won a bid to acquire AT&T Latin America. This was followed by the acquisition of Brazilian Embratel, Argentine Techtel and Chilean Chilesat in April 2004. Telmex is the largest publicly traded company in Latin America, and is triple listed on the Mexican Stock Exchange, NASDAQ and NYSE. Its majority shareholder is Mexican billionaire Carlos Slim.

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