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SourceMex PDF file 1994 right arrow Oct

GTE, Mexican Partners to Bid for Long-Distance Telephone Concessoin

ISSN:0000-0000
LADB Article ID: 80586
Category/Department: Mexico
Date: 1994-10-05
By: Enter contributor in doc properties

US telephone company giant GTE Corporation announced the formation of a partnership with Valores Industriales SA (Grupo Visa) and Grupo Financiero Bancomer to bid for long-distance telephone concessions that are now under review by the government. Concessions will be announced in the next several weeks even though they will not become effective until Jan. 1, 1997. The early announcements will allow the successful bidders to immediately begin laying down infrastructure and making other preparations to operate in the long-distance market, in which Telefonos de Mexico (Telmex) currently holds a monopoly.

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