Telmex, Mexico's largest fixed-line telephone company, its sales fell 5% year-on-year in the third quarter to 29.5 billion Mexican pesos (2.28 billion US dollars) as a drop in local, long distance and interconnection revenues offset strong growth in the company's Internet access and corporate data businesses, according to Dow Jones Newswires.
The newswire also reported that Telmex maintained its capital expenditure target of eight billion pesos for 2009, even though it has already spent 86% of that. source: Total Telecom/Dow Jones
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