Latin American telecoms giant America Movil (AM) has confirmed that it will begin the process of delisting Mexican fixed line incumbent Telefonos de Mexico (Telmex) from the local stock exchange. According to Reuters, AM will make an offer for the 2.79% of the company’s shares that it does not currently own at a price of MXN10.2250 (USD0.78) per share.
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OVETEL AM starts process to delist Telmex
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