Mexico's Telmex 4th-qtr net falls 11 pct

Thu Feb 7, 2008 8:23pm EST
 
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MEXICO CITY, Feb 7 (Reuters) - Mexico's dominant fixed-line telephone operator Telmex posted a 11 percent fall in fourth quarter net profit for its local operations, which are being separated from its international operations.

Telmex (TMX.N: Quote, Profile, Research, Stock Buzz) (TELMEXL.MX: Quote, Profile, Research, Stock Buzz), controlled by billionaire tycoon Carlos Slim, said on Thursday its October-December net was 6.664 billion pesos ($610 million), or 0.34 pesos per share.

For its international operations, which Telmex is spinning off from its local unit, Telmex reported a fourth quarter net profit of 1.986 billion pesos against a loss of 638 million pesos.

($1 = 10.9195 pesos at end December) (Reporting by Chris Aspin; editing by Carol Bishopric)

 

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