When Carlos Slim's Telmex Internacional (Telint) announces its Q4 09 results on Thursday, a group of analysts polled by Reuters think the provider will report a 48 percent year-over-year increase in net profit of $142 million.
Analysts also expect the service provider to report quarterly earnings before interest, taxes, depreciation and amortization (EBITDA) to be up 47 percent. A key contributor to that figure is ongoing growth in its Brazilian market.
"We believe that in the fourth quarter and coming quarters, Telmex Internacional will report the most solid results in the Latam telecom industry," BBVA analyst Andres Coello said in a report.
But Slim is not resting on his laurels. After years of enjoying a comfortable lead in Mexico and other Latin American countries, Slim hatched a $21 billion plan last month to combine his wireline units (Telmex and Telmex Internacional) with his America Movil property to respond to growing competition from aggressive carriers including Spain's Telefonica.
For more:
- Reuters has this article
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