America Movil has announced the results of its two public share offers for sister companies Telmex Internacional and Telmex, paying out approximately USD 2.12 billion to obtain 93.6% of shares held by Telint shareholders and 99.4% of those in Carso Global Telecom, which controls 60.7% of Telint and 59.4% of Telmex. 

America Movil was looking to gain a high enough percentage to remove the two fixed-line players from public trading in this move, but the result for Telint has fallen short of the 95% necessary for delisting. 

Telmex is expected to begin the delisting process shortly in advance of anticipated synergies. 

America Movil issued a further 7.09 billion shares in the deal, exchanging them for 3.46 billion shares in Carso Global Telecom.

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See the Telmex Internacional, S.A.B. de C.V. and the America Movil record in Latin Target

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America Movil has launched its tender offer for Carso Global Telecom and Telmex International.

At mid-January, America Movil announced it will launch a share exchange offer to the shareholders of Carso Global Telecom and Telmex Internacional. The share swap would give America Movil an indirect 59.4 percent stake in fixed-line operator Telefonos de Mexico (Telmex) and 60.7 percent in Telmex Internacional. Billionaire Carlos Slim holds controlling stakes in all of the companies involved in the deal.

The Telmex Internacional exchange offer targets holders of Series A shares, Series L Shares and American Depositary Shares (ADSs) of Telint. America Movil is offering MXN 11.66 in cash or 0.373 AMX L shares for each series L share or series A share tendered, and MXN 233.20 in cash or 0.373 AMX L ADSs for each Telmex Internacional ADS tendered. Additionally, America Movil is offering 2.0474 AMX L Shares for each Carso share tendered, and 0.20474 AMX ADSs for each Carso ADS tendered.

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See the Telmex Internacional, S.A.B. de C.V. and the America Movil record in Latin Target

What is Latin Target?  find out more at www.latintarget.com