Teléfonos de México, S

Teléfonos de México, S.A. de C.V. Extraordinary, Ordinary and Special Shareholders´ Meetings
Mexico City, September 25, 2000.- Teléfonos de México, S.A. de C.V. (NYSE: TMX) announced that during its Extraordinary, Ordinary and Special Shareholders´ meetings that were held today, several resolutions were decided. Among the most important are:
The proposal to merge Tenedora Nacional, S.A. de C.V. with Teléfonos de México S.A. de C.V. was approved.
The proposal to spin off TELMEX´s cellular businesses and most of its international investments to create a new company named América Móvil was approved. The spin-off will create two companies whose highly focused management teams can more quickly and efficiently capitalize on emerging opportunities and challenges that may arise in their respective markets.
The following Board Members and Statutory Auditors for América Móvil were appointed and approved:
Common Share Board Members: Chairman: Carlos Slim Helú, Jaime Chico Pardo, Humberto Gutiérrez Olvera Z., Alejandro Soberón Kuri, María Asunción Aramburuzabala L., Daniel Hajj Aboumrad, Drew Roy, Royce S. Caldwell and as Secretary Rafael Robles Miaja.
“L” Share Board Members: Claudio X. González Laporte and David Ibarra Muñoz.
Statutory Auditor: Francisco Alvarez del Campo and Alternate Statutory Auditor: Agustín Aguilar Laurent.
Teléfonos de México´s Board and Statutory Auditors remain as follows:
Common Share Board Members: Chairman: Carlos Slim Helú, Emilio Azcárraga Jean, Jaime Chico Pardo, Antonio Cosío Ariño, Arturo Elías Ayub, Amparo Espinosa Rugarcía, Elmer Franco Macías, Ángel Losada Moreno, Rómulo O´Farrill Jr., Juan Antonio Pérez Simón, Fernando Senderos Mestre, Carlos Slim Domit, Marco Antonio Slim Domit, James W. Callaway, Mark E. Royse, Janet M. Duncan and Laurent Mialet.
Common Share Alternate Directors: Jaime Alverde Goya, Antonio del Valle Ruíz, Ángeles Espinosa Rugarcía, Jorge Esteve Campdera, Agustín Franco Macías, José Kuri Harfush, Patrick Slim Domit, Orlando E. Castillo, Carlos Bernal Verea, Federico Laffan Fano, Eduardo Valdés Acra.
“L” Share Board Members: Bernardo Quintana Isaac and Ricardo Martín Bringas.
“L” Share Alternate Directors: Rafael Kalach Mizrahi and Sergio F. Medina Noriega.
Statutory Auditor: Víctor Aguilar Villalobos and Alternate Statutory Auditor: Alberto Tiburcio Celorio.
TELMEX is the leading telecommunications company in Mexico with more than 11.5 million telephone lines in service, offering telecommunications services through a 50,000 kilometers fiber optic digital network. TELMEX and its subsidiaries offer a wide range of advanced telecommunication services, data and video services, Internet access as well as integrated telecom solutions for corporate customers.
América Móvil will be Latin America’s largest cellular communications provider, with approximately 9.9 million cellular subscribers and telecommunications investments in several countries throughout the region.