Telmex Buys Sister Company’s Subsidiary

Subsidiaries of Mexico’s Telmex have acquired the 75% stake of Eidon Software held by Promotora Ideal, a subsidiary of Grupo Carso, for MXP364.5m, the sellers say in a filing with Mexico’s securities commission. The Telmex subsidiaries making the divestment are Servicios Administrativos Tecmarketing and Controladora de Servicios de Telecomunicaciones. Both Telmex and Grupo Carso are controlled by Carlos Slim Helu. Equity research firm Actinver says this is “a consolidation and rationalization effort on the part of the Carso Group.” Eidon provides software to Telmex and America Movil’s Mexican operations.