Telmex
 |
|
| Subsidiary | |
| Industry | Telecommunications |
| Founded | 1947 |
| Headquarters | Mexico City, Mexico |
|
Key people
|
Carlos Slim (Chairman) Hector Slim Seade (CEO) |
| Products | Telephone, Internet, data, hosted services, television |
|
Number of employees
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52,346 (2010) |
| Parent | América Móvil |
| Website | www |
Telmex is a Mexican telecommunications company headquartered in Mexico City that provides telecommunications products and services in Mexico,Argentina, Chile, Colombia, Brazil (Embratel), Ecuador, Peru, Venezuela and other countries in Latin America. Telmex is still the dominant fixed-line phone carrier in Mexico. In addition to traditional fixed-line telephone service, Telmex offers Internet access, data, hosted services and IPTV. Telmex owns 90 percent of the telephone lines in Mexico City and 80 percent of the lines in the country. Telmex is a wholly owned subsidiary of América Móvil.
Telmex was founded in 1947 when a group of Mexican investors bought Swedish Ericsson's Mexican branch. In 1950, the same investors bought the Mexican branch of the ITT Corporation, thus becoming the only telephone provider in the country. In 1972, the Mexican government bought the company, turning it into a government monopoly.
In 1990, Telmex was bought by a group of investors formed principally by Carlos Slim Helú, France Télécom, and Southwestern Bell Corporation, whose tender was the largest. However, controversially, the payment itself took place over the course of the next several years, using revenues from the phone service.
After privatization, Telmex began investing in new modern infrastructure, creating a nationwide fiber optic network, thus offering service to most of the country.
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Wikipedia