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BCI and Telmex Join in South American Telecom Project

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MEXICO CITY June 12 -- Bell Canada International Inc. (BCI), a subsidiary of BCE Inc., and Telefonos de Mexico (Telmex) have agreed to create a facilities-based communications company in order to launch their expansion in South America. Telmex and BCI will hold equal economic interests in the venture. Network development will begin in Brazil, Colombia and Venezuela, and eventually expand into other regional markets, the companies said. With BCI's South American assets and Telmex's Brazilian assets the new company is slated to start with an initial sum of $3.5 billion US. The companies...Read full article

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    Published: June 2000
    CommunicationsNews & Features

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