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Article: Telmex International becomes a listed company.
- Article from:
- M2 Presswire
- Article date:
- June 12, 2008
CopyrightCOPYRIGHT 2008 M2 Communications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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M2 PRESSWIRE-12 June 2008-OVUM: Telmex International becomes a listed company(C)1994-2008 M2 COMMUNICATIONS LTD
RDATE:12062008
Fernanda Veiga, senior analyst at Ovum
"The parent company claims that the spin-off will improve customer service as well as the performance of the parent company. We know that it is not necessary to spin off subsidiaries in order to make these improvements. Nevertheless, this is a great financial solution' for the group to reduce its debt. Note that Telmex group's total debt reached $8.6 billion on 31 March 2008. It seems that Telmex group transferred $1.5 billion of its total debt to Telmex International." Struggling ...