Telmex Carve-out Seen as Bargaining Ploy

Telmex Carve-out Seen as Bargaining Ploy

Mexico M&A

Telmex’s announcement that it would split itself into two businesses represents little more than a cosmetic change, according to telecom equity analysts. “This is aimed at countering criticism of their monopoly position,” according to Chris King, a New York-based equity analyst with Stifel Nicolaus. “It’s a bone to throw to the regulators.” On Wednesday, the company announced plans to split itself into two businesses but would make no change to the ownership structure. The balance sheet and inco

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