Telmex Sets the Standard

Jul 1, 2003

Today, Teléfonos de México (Telmex) is one of the most successful telecommunication companies in Latin America. It is the dominant provider of fixed-line and cellular services in Mexico. Telmex's evolution to profitability began only after the government put the company into private hands, first with a strategic sale of 24.8% of the company in 1990, followed by an initial public offering in 1991. The $2.2 billion IPO was the largest share offering to date in Latin America and set the tone for blockbuster privatizations throughout the region. ...

To continue reading please take a free trial, subscribe or login below.


Already have an account?

Subscribe

Subscribe now for unlimited access to all current and archive news, data and market analysis. 

Subscribe

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial

LatinFinance Events

Poll

Are populist governments like Venezuela & Argentina turning pragmatic?

Vote