TELMEX informs that the “Secretaría de Comunicaciones y Transportes” (Mexico’s Communications and Transportation Ministry) has denied its request to modify its Concession to offer Pay TV services

 

Mexico City, May 30, 2011. Teléfonos de México, S.A.B. de C.V. (BMV: TELMEX; NYSE: TMX; NASDAQ: TFONY, LATIBEX: XTMXL) informs that in spite of obtaining a favorable resolution from the Federal Courts regarding the Convergence Agreement to offer Pay TV services,  the company received a resolution, which will be challenged in due time, from the “Secretaría de Comunicaciones y Transportes” (Mexico’s Communications and Transportation Ministry) denying, at this time, TELMEX’s request to modify its Concession to offer Pay TV services. TELMEX regrets that the benefits of technological convergence and competition are being postponed which harms consumers.

 

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.