Fitch puts Carso, Telmex on positive watch

Fitch Ratings said it placed the AA(mex) national scale ratings of Carso Global Telecom SAB de CV and Telmex Internacional on Rating Watch positive following the announcement by America Movil, SAB de CV that it plans to tender for Carso Global and, if successful, for Telmex Internacional shares not owned by Carso Global.

The agency believes that ratings for both Carso Global and Telmex Internacional should benefit from Carso Global's coming under the umbrella of America Movil, which Fitch said is a geographically diverse multinational company with substantially stronger access to financial resources and operating efficiencies.

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