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. ...
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