This is how TELMEX was sold
Telmex is one of Mexico's most controversial telecommunications companies. It monopolized the telecommunications industry in Mexico, and later in Latin America. This is the story of Telmex. Initially, the company was owned by the Mexican government until it was privatized and became part of Telmex. The mastermind behind it all: Carlos Slim. In 1994, former President Carlos Salinas de Gortari left office. It was then that a businessman of Lebanese descent named Carlos Slim acquired Teléfonos de México and later created a monopoly in Mexico with cellular telephony. Telcel, a company within the Telmex conglomerate or holding company, was the primary provider of telecommunications services in Mexico, known for its exorbitant rates. Since then, rumors of a close relationship between Carlos Salinas and Carlos Slim have always circulated.
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