Mexico-based operator Telmex has decided to spin off its Latin American and directories businesses into a separate company. The new company Telmex Internacional will be listed on the stock market in the US and Mexico. The move is expected to allow its domestic business in Mexico to further tailor its activities to focus on different market segments, as well as give each company a more competitive financial position. The proposed spin-off will be subject to approval by shareholders. In Mexico, the company also plans to divide its activities into two distint operations, one focused on competitive markets where it has around 9.8 million lines in service, and one focused on monopoly rural markets, where it has 8.3 million lines. A new business unit will be set up to manage operations and marketing at the loss-making rural activities, "in order to address their particular needs and monitor their development".
