Telmex, the Mexican telco, will evaluate the US$6.5bn offer it received from America Movil (AMX) earlier this month.
The company said it will now hire a financial adviser to assess the offer by Carlos Slim’s America Movil. The Mexican fixed line…
Telmex, the Mexican telco, will evaluate the US$6.5bn offer it received from America Movil (AMX) earlier this month.
The company said it will now hire a financial adviser to assess the offer by Carlos Slim’s America Movil. The Mexican fixed line operator said its Board of Directors has authorized the move to get an independent expert’s opinion upon the fairness of the price offered by AMX.
On 1 August AMX offered to acquire the remaining 40.04% of fixed-line operator Telmex that it does not already own for Ps10.50 (US$0.89) per Telmex share.
AT&T, the US telco that holds about 8.5% in Telmex, had told TelecomFinance last week already that it expects to tender its shares in Telmex.
At&T also holds a 9.2% stake in America Movil itself.
