Mexican Telecom Telmex International Reports Boost in Profits on Strong Brazilian Demand

Telmex Internacional, S.A.B. de C.V. (BMV:TELINTL), the Mexican telecom controlled by billionaire Carlos Slim, announced that its third quarter profits increased 71% to 2.79 billion pesos, because of successful service expansion in Brazil.

Blocked from Offering TV Service, Mexico's Telmex Loses Customers to Televisa

Telefonos de Mexico, S.A.B. de C.V. (BMV:TELMEXA), Mexico's largest fixed-line telephone operator, which is owned by billionaire Carlos Slim, is blocked by Mexico's government from offering TV service because it has allegedly failed to fully comply with regulations requiring it to share its network with rivals, and is losing customers to rival Grupo Televisa, S.A. (BMV: TLEVISA), Mexico's largest pay TV provider, which is able to offer joint TV, telephone, and Internet service.