Telefonos De Mexico (Telmex).TELEFONOS DE MEXICO (TELMEX TELMEX Telefonos de Mexico ), said it acquired a minority stake in Net Servicos, a Brazilian cable television operator, from Globo Participacoes, a telecommunications holding company. In June 2004, Telmex said it would buy 60% of Net Servicos for US$370 million, but a debt restructuring Debt Restructuring A method used by companies with outstanding debt obligations to alter the terms of the debt agreements in order to achieve some advantage. Notes: allowed Globo Participacoes to keep 51% of voting shares Voting Shares Shares that give the stockholder the right to vote on matters of corporate policy making as well as who will compose the members of the board of directors. Notes: Different classes of shares, such as preferred stock, sometimes don't allow for voting rights. and control of the company. |
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