Bloomberg News

America Movil Says Regulator Approved Bid to Buy Rest of Telmex

October 10, 2011

Oct. 10 (Bloomberg) -- America Movil SAB, the wireless carrier controlled by billionaire Carlos Slim, said it obtained an approval from Mexico’s securities regulator to make an offer to buy the Telefonos de Mexico SAB shares it doesn’t own.

The offer to buy the 40 percent of the phone company known as Telmex will be valid from Oct. 11 to Nov. 11, America Movil said in a statement sent to the stock exchange today.

To contact the reporter on this story: Carlos Manuel Rodriguez in Mexico City at carlosmr@bloomberg.net

To contact the editor responsible for this story: Peter Elstrom at pelstrom@bloomberg.net


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