Telmex Won’t Bid for New Television Channels, Excelsior Says

Telefonos de Mexico SAB won’t take part in an auction approved by Mexico’s telecom regulator for two new television channels, the newspaper Excelsior said.

Hector Slim, chief executive officer of Telmex, as the fixed-line unit of America Movil SAB is known, said the company wasn’t interested in entering the bidding process, according to the Mexico City-based newspaper.

To contact the reporter on this story: Eliana Raszewski in Buenos Aires at eraszewski@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net

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