Slim's march.(Panorama)(Brief Article)

Mexican telecommunications company Telefonos de Mexico (Telmex), which has a 95% domestic market sham, can't get much bigger at home, so it is now looking abroad for future growth opportunities. First, Telmex acquired AT&T Latin America for US$207 million, gaining access to markets in Argentina, Brazil, Chile, Colombia and Peru. The company controlled by Mexican billionaire Carlos Slim could gain a stronger toehold in the Brazilian market with the planned purchase of a 51.79% voting interest in Embratel Participacoes for $360 million in cash. While Telmex will continue to generate the majority of its business in the Mexican market, analysts expect regional expansion to continue.

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