Carlos Slim's America Movil Wins Approval to Acquire Telmex Internacional

On February 11, 2010, Mexico’s competition regulator, the CFC, approved a plan proposed by Carlos Slim’s America Movil, S.A.B. de C.V. (BMV: AMXA to merge with Telmex Internactional S.A.B. de C.V. (BMV: TELINTL) and Carso Global Telecom S.A. de C.V. (BMV: TELECOMA1), two of Slim’s other telecom companies. The proposed merger would have broad implications for Mexico’s telecom sector.

Analysts say a merger would allow America Movil, Mexico’s dominant telecom company to provide Latin American consumers with package deals on internet, cable T.V., and wireless and fixed line telephone service.