YOU ARE AT:CarriersUPDATE 1-Mexico's America Movil offers to swap Telmex debt

UPDATE 1-Mexico’s America Movil offers to swap Telmex debt

* America Movil offers extends to 1.3 bln of Telmex notes

* Investors have until March 3 to swap debt (Recasts, adds amount of debt swap and deadline)

Jan 31 (Reuters) – Mexican billionaire Carlos Slim’s flagship telecommunications provider America Movil said on Monday it would offer investors the chance to swap nearly $1.3 billion in Telmex debt for America Movil notes.

Holders of the Telmex debt due in 2015 and 2019 have until the afternoon of March 3 to respond to the offer. They would be paid slightly more if they responded before the afternoon of Feb. 16.

ABOUT AUTHOR