Telmex to Delist from NYSE, NASDAQ and Latibex

Telmex has decided to delist its ADRs from the New York Stock Exchange and the Nasdaq stock market and its L shares from Spain’s Latibex market, in a reorganization that follows Telmex’s acquisition by America Movil. The telecom company’s shareholders approved the move, and it now plans to inform the various stock markets of its decision to pull the listing, which also involves terminating the ADR program in the US. Telmex shares, however, will continue to trade in the Bolsa Mexicana de Valores. With the Telmex acquisition by AMX, Mexican billionaire Carlos Slim has sought to unify his telecom assets under a single roof.