Teléfonos de México, S.A.B. de C.V. informs that it obtained a favorable resolution on the Convergence Agreement to offer audio and video services

 

Mexico City, May 11, 2011. Teléfonos de México, S.A.B. de C.V. (BMV: TELMEX; NYSE: TMX; NASDAQ: TFONY, LATIBEX: XTMXL) announced that it was granted a favorable resolution on the Convergence Agreement to offer audio and video services.

The Federal Courts awarded Teléfonos de Mexico, the protection of the federal justice in order for the Communications and Transportation Minister, to resolve, according to law, TELMEX’s request to offer audio and video services pursuant to the terms of the Convergence Agreement, taking into account that COFETEL issued a favorable opinion of compliance with the requirements imposed on TELMEX.  As a result, the Communications and Transportation Minister must resolve accordingly within the obligatory time frame.

 

TELMEX is a corporation made up of Teléfonos de México, S.A.B. de C.V. and subsidiaries that provides telecommunications services in Mexico. The company’s service coverage comprises the operation of the nation’s most complete local and long distance networks. Additionally, TELMEX offers services like connectivity, Internet access, co-location, web hosting and interconnection services to other telecommunications operators.