January 1, 2011
The incorporation last year of fellow Carlos Slim companies Carso Global Telecom and Telmex International streamlined the family of telecom companies and gave AMX even more leverage to price bonds on three continents.
The Mexico-based wireless operator announced in January the plan to absorb the units, improving its competitive edge versus other international players. It aimed to boost its ability to deliver new data by leveraging fixed lines, and create what the company says is the eighth biggest telecom globally by revenue and third by market cap.
AMX swapped Carso Global Telecom shares at 2.05 AMX shares for every CGT share, giving AMX the 59.4% stake in Telmex that be
América Móvil (AMX) is a frequent star of LatAm issuance, beloved by investors despite its razor thin spread and feared by bankers for its rigorous execution standards.