July 22, 2004 1 min read

MCI Closes the Sale of Embratel's Control Stake to TELMEX

Telefonos de Mexico (TELMEX) completed its acquisition of MCI’s equity stake in Brazilian carrier Embratel. TELMEX paid an aggregate of US$400 million cash for MCI’s 19.26% economic interest and 51.79% voting interest in Embratel. Embratel’s network has countrywide coverage with 28,868 km of fiber routes. http://www.mci.comhttp://www.embratel.net.br/

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