AMX Moves Toward Telmex Delisting

America Movil has spent MXP615m ($48m) on an additional 0.33% of Telmex following a tender, it says, bringing it to a 97.54% position in its quest to delist the entity. The telecom, acquiring its former parent in the transition to its new role as a holding vehicle for all of Carlos Slim’s telecom operations, has repurchased 60.1m shares at MXP10.225 each. America Movil expects to receive authorization for the delisting of Temex “in the coming days.”