Slim's family in mid-January proposed a grouping of the two Telmex (Mexico and International) at the hands of America Movil, the company star, born from the rib of Telmex in 2000 ( here ). For reasons of operational efficiency, the move was seen coming from some analysts, but now the forecast boastful (including this server here, here and here.) However, the first steps of bringing together - informal, yet have no regulatory guarantees - would realize that the movement has been untimely. There would have been too much preparation before and now - a month's notice - in the subsidiaries are to calculate savings from efficiencies.
After all, we must not forget that the Slim empire is a (large) family business. Decisions are made in a small inner circle. However, it should be recognized that in America Movil, the least in Argentina, took for granted the move since April 2009. The idea would be exposed only to some large customers, separately. Indiscreetly, I have noticed that all the local business Slim would soon be in your hands. A breach of trust with which they may have stolen Telmex accounts. Do not forget that since Argentina Claro 3G dispute has certain fixed niches. Therefore, Telmex became a competition. And America Movil contemplation with no opponents, even with the "blood." Until then only maintained a forced cohabitation for the realization of certain net investments in common use; ponderous for Telmex's local.
Now, the grouping has forced them to think together savings from synergies in the country. Already have agreed to unify duplicate links and the mutual surrender of traffic "off net". The most important course planned to build a data center itself but now have decided to host their equipment in the facilities of Telmex. And it would be everything from Mexico would call for a net savings even higher.
Although it is technically only a change of controlling, and within the same group of companies, the process would be living as internally Telmex acquisition ( here interpreted ). It happens that Carso, the former owner of the holding was a "metaphysical entity", not operational. America Movil, however, is a telecommunications operator. And of colossal size. Then, the fear of Telmex is based on the duplication of functions, especially in the areas of support. On the case: it is estimated that local affiliates of AT & T, and Metrored Ertach accumulated, together, 800 jobs. After digestion of these companies, now only Telmex remain within 10% -15% of that workforce. They say the clash of cultures upset that (basically, lower wages) exceeded the original compensation. Telmex Argentina currently employs 880 people. Although it is still quick adventure will Operating assembly, some see signs that eventually lead Telmex corporate business forward.
If America Movil seemed to be aware of the movement, until last week in Mexico Telmex still could not believe it. "They were born in our kidney and now we do this," returned from Mexico a mournful voice. Paternalistic, they can not blame Slim. Less passionate opinions analyze the grouping would seek to protect the value of the shares of Telmex Mexico, hit by competition in fixed and unable to salt the fence to get into pay TV. The synergies would come later.
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