The story
Telmex was founded in Mexico the January 1, 1947 (1947-01-01), when a group of Mexican investors bought Swedish Ericsson's Mexican branch. In 1950, the same investors bought the Mexican branch of the ITT Corporation, thus becoming the only telephone provider in the country. In 1972, the Mexican government bought the company.
In 1990, Telmex was bought by a group of investors formed principally by Carlos Slim Helú, France Télécom, and Southwestern Bell Corporation, whose tender was the largest. However, controversially, the payment itself took place over the course of the next several years, using revenues from the phone service.
After privatization, Telmex began investing in new modern infrastructure, creating a partial fiber optic network throughout the nation, thus offering service to 30% of the Mexican territory.
In 1991, the Mexican government sold its remaining stock in Telmex.
From Wikipedia’s article on Telmex, shared under CC BY-SA 4.0.4
