Carlos Slim's Armerica Movil (AMX) is looking to acquire the 40% of wireline subsidiary Telmex...

|By:, SA News Editor

Carlos Slim's Armerica Movil (AMX) is looking to acquire the 40% of wireline subsidiary Telmex (TMX) that it doesn't already own, for $8.8B. Like many wireline carriers around the world, Telmex's voice business has struggled to deal with competition from mobile and voice-over-IP services.