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Encyclopedia > Telmex
Teléfonos de México S.A.B. de C.V.
Type Public (NYSE: TMX)
Founded 1947
Headquarters Mexico City, Mexico
Key people Carlos Slim, Chairman/CEO
Industry Telecommunications
Products Telephone, Internet, Data, Hosted Services, Television
Revenue $16 billion USD (2006)
Net income $2.6 billion USD (2006)
Employees 80,000
Website Telmex

Teléfonos de México S.A.B. de C.V. (NYSETMX), better known as Telmex, is a Mexican telecommunications company that provides telecommunication products and services in Mexico and in many parts of Latin America, such as Argentina, Brazil, Chile, Colombia, Peru and even in the United States. In addition to traditional fixed-line telephone service, Telmex also offers Internet access, data and hosted services. Image File history File links Question_book-3. ... Image File history File links Telmex_logo. ... This article does not cite any references or sources. ... New York Stock Exchange (June 2003) The New York Stock Exchange (NYSE) is one of the largest stock exchanges in the world. ... Year 1947 (MCMXLVII) was a common year starting on Wednesday (link will display full 1947 calendar) of the Gregorian calendar. ... Mexico City (in Spanish: Ciudad de México, México, D.F. or simply México) is the capital city of Mexico. ... Carlos Slim in Brazil. ... A Chairman is the presiding officer of a meeting, organization, committee, or other deliberative body. ... Chief Executive Officer (CEO) is the job of having the ultimate executive responsibility or authority within an organization or corporation. ... Telecommunication involves the transmission of signals over a distance for the purpose of communication. ... For other uses, see Telephone (disambiguation). ... For other uses, see Data (disambiguation). ... For the tax agency in Ireland of the same name, see Revenue Commissioners. ... Image File history File links No higher resolution available. ... USD redirects here. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links No higher resolution available. ... USD redirects here. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... This article is about work. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... Telecommunication involves the transmission of signals over a distance for the purpose of communication. ... Look up company in Wiktionary, the free dictionary. ... Latin America consists of the countries of South America and some of North America (including Central America and some the islands of the Caribbean) whose inhabitants mostly speak Romance languages, although Native American languages are also spoken. ... Internet public access point. ...

Contents

History

A Telmex retail store
A Telmex retail store

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. From 1972 to until its privatization in 1990, Telmex invested little in the country's infrastructure. As a result, it was all but impossible to procure a phone line to one's home. Image File history File linksMetadata Telmexstore. ... Image File history File linksMetadata Telmexstore. ... Year 1947 (MCMXLVII) was a common year starting on Wednesday (link will display full 1947 calendar) of the Gregorian calendar. ... Ericsson () NASDAQ: ERIC. Founded in 1876, Ericsson is a leading provider of communications networks, related services and handset technology platforms. ... Year 1950 (MCML) was a common year starting on Sunday (link will display the full calendar) of the Gregorian calendar. ... For other uses, see ITT (disambiguation). ... Year 1972 (MCMLXXII) was a leap year starting on Saturday (link will display full calendar) of the Gregorian calendar. ... This article is about the economic term. ... Year 1972 (MCMLXXII) was a leap year starting on Saturday (link will display full calendar) of the Gregorian calendar. ... This article does not adequately cite its references or sources. ... Year 1990 (MCMXC) was a common year starting on Monday (link displays the 1990 Gregorian calendar). ...


In 1990, president Carlos Salinas de Gortari decided to sell many state owned companies, with a view towards improving infrastructure and services. Telmex was sold to a group of investors formed principally by Carlos Slim, France Télécom, & Southwestern Bell Corporation. Their (SBC's) tender was the largest. However, controversially, the payment itself took place over the course of the next several years, using money earned by the phone service. Year 1990 (MCMXC) was a common year starting on Monday (link displays the 1990 Gregorian calendar). ... Carlos Salinas de Gortari (born April 3, 1948 in Mexico City) was President of Mexico from 1988 to 1994. ... Carlos Slim in Brazil. ... France Télécom (Euronext: FTE, NYSE: FTE) (often spelled France Telecom, without the accents, in non-French text) is the main telecommunication company in France. ... SBC Communications NYSE: SBC is an American telecommunications company based in San Antonio, Texas. ...


After privatization, Telmex began investing in new, modern infrastructure, creating a nationwide optic fiber network, and offering service in most of the country.


In 1991, the Mexican government sold its remaining stock in Telmex. Year 1991 (MCMXCI) was a common year starting on Tuesday (link will display the 1991 Gregorian calendar). ... This article describes the government of the United Mexican States. ...


Although Telmex is now a private company it stills remains as a quasi-monopoly. There are few other telephone companies in Mexico, AT&T - Alestra, Axtel and Maxcom. Telmex is the 2nd most complained-about provider in PROFECO (Mexico's Consumer Commission). This article is about the current AT&T. For the 1885-2005 company, see American Telephone & Telegraph. ... Axtel S.A.B. de C.V. (BMV: AXTEL), is a Mexican telecommunications company, headquartered in Monterrey, that provides telecommunication products and services in Mexico. ...


Telmex Cellphone Mobile Unit

A Telmex pay phone
A Telmex pay phone

In the 1990s mobile telephones were becoming popular among the general population. The early market leader was Iusacell, and Telmex had no presence in the market. This prompted Telmex to form a subsidiary to provide mobile communications. The subsidiary was Radio Móvil Dipsa, and offered service under the brand Telcel. Telcel started out in a distant second place in its mobile market, but in 1995 everything changed, when the Mexican Currency Crisis hit many Mexicans hard. Iusacell decided to stay with rich customers, offering expensive plans, whereas Telcel began to offer the first prepaid mobile phone plans. Although, in effect, just as expensive as the contracts offered by Iusacell, the success of its prepaid plans ultimately provided Telcel the growth needed to become the leader in the mobile market within two years. Image File history File linksMetadata Telmexpayphone. ... Image File history File linksMetadata Telmexpayphone. ... Iusacell is a Mexican mobile services carrier. ... Logo Telcel is Mexicos largest cell phone carrier, owned by Telmex. ...


In 2000, Telmex spun off their mobile unit, creating América Móvil, which controls Radio Móvil Dipsa and would be free to develop as its own business as an independent entity. It started with 80% of the mobile market. Many people incorrectly continue to believe that América Móvil is part of Telmex. Instead, both are sister companies under parent Carso Global Telecom. Carso Global Telecom is itself a sister conglomerate of Grupo Carso. Year 2000 (MM) was a leap year starting on Saturday (link will display full 2000 Gregorian calendar). ... América Móvil (NYSE: AMX, BMV: AMX, NASDAQ: AMOV) is the largest mobile network operator in Germano America and Latin America and the largest corporation in Latin America. ... Carso Global Telecom is a conglomerate of companies formed in 1996 after separating all telecommunication-related companies from Grupo Carso. ... Grupo Carso is a conglomerate of companies owned by Mexican billionaire Carlos Slim. ...


Internet

In the mid-1990s Telmex began providing Internet access as an Internet Service Provider with the brand Uninet. A year later, they changed the brand to Telmex Internet Directo Personal (Telmex Direct Personal Internet). In 1996, Telmex' owner, Carlos Slim, bought Prodigy Communications and took the brand to Mexico, renaming the service Prodigy Internet de Telmex. Thanks to their national coverage, Telmex rapidly became the leading national ISP. As of 2005, Telmex holds more than 80% of the market as ISP, and is also the leader in broadband access with its brand Prodigy Infinitum (ADSL). Internet public access point. ... “ISP” redirects here. ... This article or section does not cite its references or sources. ... Year 1996 (MCMXCVI) was a leap year starting on Monday (link will display full 1996 Gregorian calendar). ... Carlos Slim in Brazil. ... Prodigy Communications Corporation (Prodigy Services Corp. ...


In 2001, Telmex sold the U.S. branch Prodigy Communications to SBC, which was dubbed SBC Prodigy. However, Telmex continues to own and operate Prodigy in Mexico. Year 2001 (MMI) was a common year starting on Monday (link displays the 2001 Gregorian calendar). ... Prodigy Communications Corporation was a dialup service (known as a mega-BBS) for personal computers in the United States. ... SBC Communications NYSE: SBC is an American telecommunications company based in San Antonio, Texas. ...


In 2004 Telmex claimed that the number of users of Prodigy Internet grew by 190%.


Long Distance Competition

In the mid 1990s, AT&T and WorldCom (MCI), among others, began operating in Mexico, representing for the first time serious competition to Telmex. However, due to Telmex's incumbent monopoly position and well-developed infrastructure and coverage, none of them were believed to pose much threat to Telmex. For the band, see 1990s (band). ... This article is about the current AT&T. For the 1885-2005 company, see American Telephone & Telegraph. ... For a time, WorldCom (WCOM) was the United States second largest long distance phone company (AT&T was the largest). ... MCI logo MCI, Inc. ...


Expansion

After spinning off América Móvil, Telmex started an expansion plan, which started with the purchase of Guatemala's Telgua. Later, Telmex bought former state owned phone companies in Central America, and began operations in the USA with Telmex USA. Telgua is the biggest telecommunications provider in Guatemala, provides Internet, Telephony, and Cable TV services. ...

Telmex International Network

In 2004, Telmex went into a shopping spree for undervalued operators in South America, including the purchase of AT&T's Latin American operations, giving it presence in Colombia, Peru, Chile, Argentina, Brazil, and Uruguay, and increased reach in the United States. In the same year, Telmex bought from MCI Brazil's largest and most important long distance operator, Embratel, acquired Chile's Chilesat, took control of Argentina's Techtel (operating in Argentina and Uruguay), of which it already owned 60%, by purchasing the remaining 40% from the Techint group, and purchased Argentina's Metrored. In the USA, Telmex bought 13.4% of bankrupt MCI. Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ... Year 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ... This article is about the current AT&T. For the 1885-2005 company, see American Telephone & Telegraph. ... Embratel S.A. is a major Brazilian telecommunications company headquartered in Rio de Janeiro. ...


At the same time, sister company America Movil pursued a similar strategy by acquiring cellular operators CTI Movil in Argentina and Uruguay, Claro in Brasil and Perú, Porta in Ecuador and Comcel in Colombia.


In 2005, Telmex sold its holdings in MCI to Verizon. Year 2005 (MMV) was a common year starting on Saturday (link displays full calendar) of the Gregorian calendar. ...


As of January 2006, Telmex continues buying assets in Latin America and in the USA.


As of March 2006, there were rumors of Telmex was buying Verizon operations in Puerto Rico, Venezuela and the Dominican Republic. The reports said that the operation can include the wireless operation on each market. The total amount of this sell is estimated nearly $300 usd millions. In January 2007 America Movil bought the Verizon operations in Puerto Rico, and days later Telmex and America Movil announced that their equally-owned joint venture had agreed with Verizon Communications Inc. (“Verizon”) to terminate the joint venture’s agreement to acquire Verizon’s indirect equity interests in Compañía Anónima Nacional Teléfonos de Venezuela (CANTV); subsequently, all of Verizon's holdings in CANTV were acquired in May 2007 by the Venezuelan government, reaching 86.2% of its total shares. Compañía Anónima Nacional de Teléfonos de Venezuela (CANTV) is one of the first telephone service enterprises in Venezuela, founded in 1930, when businessman Félix A. Guerrero obtained a concession from the Ministerio de Fomento to build a telephone network primarily in the capital, and of course...


In December 2006 Telmex announces agreement to acquire TV CABLE and CABLE PACIFICO in Colombia. TV Cable offers cable TV , Internet and Voice over IP services and has been in operation for 20 years. Currently, the company serves 164,000 homes in Bogotá and Cali. Cable Pacifico serves 9 States and its main operation is in Medellín. To date, Cable Pacifico has approximately 100,000 subscribers. For other uses, see Bogotá (disambiguation). ... This article needs to be cleaned up to conform to a higher standard of quality. ... Nickname: Location of the city (urban in red) and municipality (dark gray) of Medellín in Antioquia Department. ...

Telmex Satellite Network

In January 2007, Telmex launched Prodigy Media, the first step to offer triple play services to the Mexican market. Days later Telmex started the first Wi-Max network in Chile offering local, long distance and internet services to the 98% of the Chilean population. Image File history File links No higher resolution available. ... Image File history File links No higher resolution available. ...


In March 2007, Telmex bought Ecutel in Ecuador a small telecomunications company that offers services to the Corporate market.


In April 2007, Telmex announces agreement to acquire CABLECENTRO and SATELCARIBE in Colombia. CABLECENTRO offers cable TV and Internet access services and has been in operation for 7 years. Currently, the company operates in more than 50 cities in Colombia including Bogota, Cucuta, Bucaramanga, Ibague and Neiva, among others. SATELCARIBE offers cable TV and Internet access services and has been in operation for 7 years. Currently, the company operates in more than 15 cities in Colombia including Cartagena, Santa Marta, Valledupar, Sincelejo and Monteria.


Telmex also owns 3.41% of Portugal Telecom.


Corporate governance

Current members of the board of directors of Telmex are: Antonio Cosío Ariño, Ricardo Martín Bringas, Carlos Slim Domit, Marco Antonio Slim Domit, Carlos Slim Helú, Robert L. Henrichs, Emilio Azcárraga Jean, Laura Diez Barroso de Laviada, Elmer Franco Macías, Fernando Senderos Mestre, Rafael Kalach Mizrahi, Ángel Losada Moreno, Rómulo O´Farril Jr., Jaime Chico Pardo, Richard P. Resnick, Amparo Espinosa Rugarcía, Juan Antonio Pérez Simón, Rayford Wilkins, Jr. [1]. Chairman of the Board redirects here. ... Carlos Slim Domit (born 1965 in Mexico). ... Carlos Slim Helú (born January 28, 1940 in Mexico City) is a Mexican businessman of Lebanese Arab heritage[2] and the worlds richest person as of August 2007, according to Fortune magazine and the Wall Street Journal. ... Emilio Azcárraga Jean is a Mexican businessman and the son of Emilio Azcárraga Milmo. ...


Directives

  • Corporative Directors
    • Héctor Slim Seade
    • Isidoro Ambe Attar
    • Andrés R. Vázquez del Mercado Benshimol
    • Adolfo Cerezo Pérez
    • Javier Elguea Solís
    • Arturo Elías Ayub
    • Ma. del Consuelo Gómez Colín
    • Eduardo J. Gómez Chibli
    • Sergio F. Medina Noriega
    • Javier Mondragón Alarcón
    • Jaime Pérez Gómez
  • Divisional Directors
    • José Covarrubias Bravo
    • Darío Fernández Lizardi
    • Gerardo Leal Garza
    • Francisco Niembro González
    • Miguel Macías Viveros
    • Hiram Ontiveros Medrano
    • Francisco Javier Ortega Castañeda
    • Raymundo Paulín Velasco
    • Jose Reynoso del Valle
    • Luis Villanueva Gómez
    • Gerardo Zozaya
  • International Operations
    • Oscar Von Hauske Solís
    • Sergio Rodríguez Molleda
    • Víctor Manuel Cortés Algara
    • Eduardo Díaz Corona Jiménez
    • Mauricio Escobedo Vázquez
    • José Formoso Martínez
    • José A. Gandulia Castro
    • Carlos Henrique Moreira
    • Jorge M. Rodríguez
    • Alejandro Rojas Pinaud
    • Janeth Rovira González

Arturo Elías Ayub (born 1966 in Mexico). ...

External links

  • Official Site
  • TELMEX INTERNATIONAL

  Results from FactBites:
 
50 Years Is Enough! Privatization in Mexico: Telmex (1265 words)
The fact that Telmex workers have remained relatively quiet on the issue can no doubt also be explained by the fact that they received a 4.4 percent share of the privatized company.
Telmex's monopoly on both domestic and international long-distance services ended in January 1997.
While Telmex's prices will continue to be regulated for the next six years, the new competitors are free to set their own prices.
TheStreet.com: Telmex's Telling Transformation (1053 words)
Telmex is making a remarkable yet underappreciated transformation from stolid utility to burgeoning growth stock, these people say.
"Telmex is still being priced as a boring fixed-line utility when it's becoming a growth telco." Graham has around 5% of his fund in Telmex.
Telmex's cellular subsidiary Telcel, which accounts for 10% of revenue, is growing at a torrid pace, and could, according to Morgan Stanley's Carvalho, contribute 22% of revenue by 2000.
  More results at FactBites »

 
 

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