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TELEFONOS DE MEXICO, S.A. DE C.V. (TELMEX) FILES REGISTRATION STATEMENT FOR A SECONDARY OFFERING OF AMERICAN DEPOSITARY SHARES

 TELEFONOS DE MEXICO, S.A. DE C.V. (TELMEX) FILES REGISTRATION
 STATEMENT FOR A SECONDARY OFFERING OF AMERICAN DEPOSITARY SHARES
 NEW YORK, April 16 /PRNewswire/ -- Telefonos de Mexico, S.A. de C.V. (NYSE: TMX) (Telmex) and the Mexican Ministry of Finance and Public Credit announced today that Telmex has filed a registration statement with the Securities and Exchange Commission covering an underwritten secondary offering by the Mexican government of Series L shares and American Depositary Shares (ADSs) of Telmex. Each ADS will represent 20 Series L shares of Telmex. The U.S. offering will consist of 13,500,000 ADSs, representing 270,000,000 Series L shares. Concurrently with the U.S. offering the Mexican government is offering 40,000,000 Series L shares in Mexico and 9,500,000 ADSs, representing 190,000,000 Series L Shares, outside of the United States and Mexico.
 The ADSs are listed on the NYSE. They are also quoted on SEAQ International and trade over-the-counter in Tokyo. The Series L Shares are listed on the Mexican Stock Exchange.
 The offering is expected to commence in mid-May. Goldman Sachs & Co. is the global coordinator of the combined offering and lead manager of the U.S. offering. Bear, Stearns & Co. Inc. and Merrill Lynch & Co. are co-lead managers of the U.S. offering. Banco Internacional, S.N.C.- ISEFI is the global agent of the Mexican government in connection with the privatization of Telmex.
 Telmex is currently the only licensed supplier of fixed-link public telecommunications service in Mexico. It owns all public exchanges, the nationwide network of local telephone lines, and the principal public long-distance telephone transmission facilities. It also provides telephone related services such as directory services and cellular mobile telephone services. Based on total assets at Dec. 31, 1991, Telmex was the third-largest company in Mexico and the largest company listed on the Mexican Stock Exchange.
 A registration statement relating to the Series L shares and the ADS's has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 4/16/92
 /CONTACT: Donald T. Hansen of Goldman, Sachs & Co., 212-902-6685/
 (TMX) CO: Telefonos de Mexico, S.A. de C.V. ST: IN: TLS SU: OFR


SH -- NY087 -- 9386 04/16/92 14:34 EDT
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Publication:PR Newswire
Date:Apr 16, 1992
Words:453
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/C O R R E C T I O N -- TELEFONOS DE MEXICO, S.A. DE C.V./

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