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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?


To: Glenn who wrote (36070)5/4/1999 3:25:00 PM
From: Junkyardawg  Respond to of 90042
 
Telmex to buy out Sprint stake in US joint venture

May 4, 1999 03:01 PM
MEXICO CITY, May 4 (Reuters) - Mexican telecommunications giant Telefonos de Mexico (Telmex) TMX said on Tuesday it would buy out the stake of Sprint Corp. FON in their U.S. joint venture TSC.

In a statement, Telmex said the buyout involved a "transparent and ordered transition," to turning TSC into a 100 percent Telmex-owned company. It did not cite a value for the purchase.