Tag Archives: Telmex

Telmex sees profits plunge nearly 40% in Q2

July 26, 2010TelecomsMexico, TelmexLatin Target

Mexican operator Telmex reported second-quarter revenues of MXN 28.43 billion, down 4.6 percent from Q2 in 2009.

Local and long distance telephony revenues fell by 10 percent and 13.9 percent, respectively, while interconnections revenues dropped 9.9 percent, and data revenues increased by 12.2 percent year-on-year.

Operating revenue for the three months to June fell to MXN 6.86 billion, from MXN 8.49 billion in the second quarter of 2009. Net profit plunged 39.7 percent to MXN 3.57 billion.

Telmex lost around 1.7 million users in the quarter, reaching 15.7 million active lines at end-June. The operator won 183,000 new ADSL customers in the period, serving around 6.95 million broadband users at end-June. Telmex served around 105,000 dial-up internet users at the end of the period, down 34 percent from 159,000 customers in June 2009.

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America Movil aquires sister companies Telmex & Telint

June 17, 2010UncategorizedAmerica Movil, Carlos Slim, Carso Global Telecom, Mexico, TelmexLatin Target

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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America Movil comences takeover of Carso & Telmex

May 12, 2010UncategorizedAmerica Movil, Carlos Slim, Carso Global Telecom, Mexico, TelmexLatin Target

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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America Movil, Telmex to invest $880 mn in Peru through 2012

April 19, 2010UncategorizedAmerica Movil, Peru, Slim, TelmexLatin Target

Wireless operator America Movil and fixed-line company Telmex Internacional – both controlled by Mexican billionaire Carlos Slim – plan to make $880 million in infrastructure investments in Peru through 2012, the head of America Movil’s Peruvian unit, Sr Humberto Chavez Lopez, said.

“This investment will be carried out over three years. The investment by America Movil will total $500 million, while Telmex will invest an additional $380 million,” Chavez said.

The announcement was made during the inauguration of a new $110 million, 3,200-kilometer (1,990-mile) fiber-optic network that runs the entire length of Peru’s Pacific coast, the official Andina news agency said.

“This network will be a voice, data and video superhighway with state-of-the-art technology for users,” the executive said.

America Movil, which entered Peru in 2005 and operates under the Claro brand; and Telmex Peru, a unit of Telmex Internacional, have already installed three ducts for the fiber-optic cable, Chavez said.

Construction of America Movil’s corporate headquarters in Lima was also launched during the same inauguration ceremony, attended by Peruvian President Alan Garcia.(EFE News Service)

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Telmex International revenues up 24.7 percent in Q3

October 29, 2009UncategorizedMexico, Telmex, Top 6Latin Target

Telmex International, the holding company for Telmex’s Latin American subsidiaries, reported revenues up 24.7 percent to MXN 24.39 billion in the third quarter. Revenue growth was 7.6 percent in Brazil, 25.6 percent in Colombia, 16.3 percent in Argentina, 29.8 percent in Chile, and 17.8 percent in Peru. Group EBITDA climbed 29.7 percent to MXN 6.28 billion. Third-quarter net income reached MXN 2.79 billion, up 141.2 percent from MXN 1.15 billion in the year-earlier period, generating earnings of MXP 0.15 per share, up 150 percent year-on-year. As of the end of September, Telmex International had 14.2 million RGUs, up 5.2 percent versus the second quarter of 2009 and 327.8 percent more than a year earlier.