Mexican connection.
The Mexican telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. sector is hitting on all cylinders as investments in the country close in on US$2 billion. Mexican telecom giant Telefonos de Mexico (Telmex), along with its wireless partner America Movil announced it would buy the assets in Venezuela, the Dominican Republic Dominican Republic (dəmĭn`ĭkən), republic (2005 est. pop. 8,950,000), 18,700 sq mi (48,442 sq km), West Indies, on the eastern two thirds of the island of Hispaniola. The capital and largest city is Santo Domingo. and Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. of U.S. telecom company Verizon. The acquisition, which cost Telmex $3.68 billion, is subject to regulatory approvals. In another deal, Carlos Slim, the Mexican billionaire who controls Telmex, invested $287.6 million to buy a 2.8% stake in Univision, the largest Spanish-language television broadcaster in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. .
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