June 22, 1999 |
AT&T Corp. and Mexico's Telefonos de Mexico, the country's largest telephone company, have signed an accord to lower a cross-border interconnection rate to make it cheaper to call between Mexico and the U.S. The new rate, which covers the cost of completing a long-distance call between the two nations, will drop to 19 cents a minute from 37 cents. It becomes effective July 1. Telephone traffic between Mexico and the U.S.
May 20, 1999 |
Mexico President Ernesto Zedillo said Wednesday that Mexico's privatized phone company, Telefonos de Mexico, or Telmex, will staff its previously announced U.S. headquarters in San Diego with 125 employees, the first of an eventual 500 hires. Telmex is competing for part of the U.S. long-distance market by targeting Latino customers here. Telmex announced plans in February to move its offices from Houston to San Diego because of California's greater growth potential. The U.S.
August 13, 1998 |
AT&T Corp. asked the Federal Communications Commission to reconsider its decision to let the Sprint Corp.-Telefonos de Mexico joint venture offer long-distance phone service from the U.S., on grounds that the deal would thwart competition on the U.S.-Mexico phone route. AT&T believes that Telmex is using its position as the dominant Mexican phone company to charge U.S. long-distance companies inflated rates for completing calls in Mexico.
April 20, 1995 |
Sprint, Telmex in Alliance: Sprint Corp. and Telefonos de Mexico said they will jointly provide voice, data and video services between Mexico and the United States. The companies signed a definitive agreement, first announced in December, to form a strategic alliance that provides for joint technology transfer, cross-border marketing, and intellectual property and trademark licensing.
March 10, 1995 |
In a new phase of the global currency crisis and the panic in Latin American stocks and bonds, Wall Street on Thursday began to focus on who's on the wrong side of those crumbling markets. Rumors swept the U.S. stock market early in the day that major American and German banks could rack up huge losses on Latin American loans or on Latin bonds they hold, as those economies careen toward recession.