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Mexico City, December 4, 2006. TELMEX ANNOUNCES AGREEMENT TO ACQUIRE TV CABLE AND CABLE PACIFICO IN COLOMBIA (BMV: TELMEX; NYSE: TMX; NASDAQ: TFONY, LATIBEX: XTMXL) informs that the controlling partners of TV Cable and the controlling partners of Cable Pacifico reached agreements with TELMEX for the acquisition 100% of TV Cable S.A. and TV Cable Comunicaciones S.A. E.S.P. ("TV Cable") and of 97.5% of T.V. Cable del Pacífico S.A. E.S.P. ("Cable Pacifico"). The transactions are subject to the corresponding regulatory approvals and other conditions.
TV Cable offers cable TV , Internet and Voice over IP services and has been in operation for 20 years. Currently, the company serves 164,000 homes in Bogota and Cali.
Cable Pacifico serves 9 States and it’s main operation is in Medellin. To date, Cable Pacifico has approximately 100,000 subscribers.
TELMEX is the leading Telecommunications Company in Mexico. TELMEX and its subsidiaries provide a wide range of telecommunications services, data and video transmission and Internet access, as well as integrated telecommunications solutions to its corporate customers. Additionally, it offers telecommunications services through its international subsidiaries in Argentina, Brazil, Chile, Colombia and Peru. |
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