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

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

by Sandra Cuya January 31, 2011
written by Sandra Cuya January 31, 2011 Share
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* 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.

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

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