Diversified Telecommunication Services
Company Overview of Telefonos de Mexico, S.A.B. de C.V.
Telefonos de Mexico, S.A.B. de C.V., together with its subsidiaries, provides telecommunications services in Mexico. It offers basic local and long distance telecommunication, connectivity, Internet access, voice, collocation, hosting, and interconnection services to other telecommunications operators. The company also provides cloud solutions and services, including infrastructure as a Service, software as a service, data center, and private cloud as a service; unified communications, such as contact centre and collaboration services; outsourcing solutions comprising managed, business process, and IT consulting outsourcing services; and IT security services. In addition, it operates an onli...
Park Avenue No.190
Mexico City, DF 06599
Key Executives for Telefonos de Mexico, S.A.B. de C.V.
Chief Financial & Administrative Officer and Deputy Director of Budget & Financial Assessment
Head of The Northeast Division
President of Telmex International
Head of Technologic Development
Compensation as of Fiscal Year 2014.
Telefonos de Mexico, S.A.B. de C.V. Key Developments
IFT Fines Telmex and Dish for Failing to Officially Announce a Commercial Agreement They Struck
Jan 15 15
Mexico's telecom regulator IFT has already fined Telmex and Dish for failing to officially announce a commercial agreement they struck, but the tie-up might now need reexamining under new telecom laws. The Telmex-Dish deal was reached in 2008. The investigation into the validity of the agreement was launched by the now-defunct antitrust commission Cofeco, and inherited by IFT in October 2013. Constitutional reforms to the telecom sector approved in 2013, however, reshaped competition laws, potentially making the Telmex-Dish tie-up illegal under the new rules. Telmex was declared a preponderant player in the telecom market, and was subject to several limitations including preventing Telmex from offering pay TV services. IFT could conclude, then, that Telmex's business deal with Dish could go against this law. The Telmex-Dish deal had already been put into question in July, but Dish shrugged them off by assuring that its business with Telmex was limited to printing a bill for shared services. Telmex has more than the reform against its quest to offer pay TV services, something it has been actively pursuing for years. The company is prevented from entering the pay TV market because of a clause in its concession contract despite IFT saying that it might be allowed to enter the market as early as 2015. Both Telmex and Dish have disputed the IFT-imposed fines, with Telmex saying it would fight it using 'all available legal avenues'. IFT imposed a MXN 43 million (USD 2.93 million) fine on Dish and a MXN 14.3 million fine on Telmex.
America Movil S.A.B. de C.V. and Telefonos de Mexico, S.A.B. de C.V. Announces Board Changes
May 19 14
America Movil S.A.B. de C.V. announced that it has received the resignations submitted by Messrs. Michael J. Viola and Jeffery Scott McElfresh as members of the Board of Directors of AMX and its operating subsidiary Telefonos de Mexico, S.A.B. de C.V. Messrs. Viola and McElfresh were appointed by the holders of common shares pursuant to the shareholders' agreement dated as of February 28, 2011, entered into by and between AT&T International Inc., Trust F/1046 of Banco Inbursa, S.A., Grupo Financiero Inbursa, Divisi n Fiduciaria and Trust F/0126 of Banco Inbursa, S.A., Grupo Financiero Inbursa, Divisi n Fiduciaria.
Telefonos de Mexico Denies Plans to Split Up
Jan 23 14
Telefonos de Mexico, S.A.B. de C.V. denied reports that it is seeking to split up the company ahead of impending regulatory decisions on how to increase competition in the market. Telmex said it hasn't requested any split of the company, either to its Board of Directors or the Communications and Transport Ministry.
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