|Bid||8.17 x 4000|
|Ask||32.67 x 4000|
|Day's Range||19.58 - 20.44|
|52 Week Range||14.48 - 22.57|
|Beta (5Y Monthly)||0.33|
|PE Ratio (TTM)||6.26|
|Forward Dividend & Yield||0.40 (2.02%)|
|Ex-Dividend Date||Nov 04, 2021|
|1y Target Est||N/A|
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Telmex, the Mexican telecommunications firm controlled by the family of tycoon Carlos Slim, reached a contract agreement with its union to raise salaries up to 4.5% for some workers, Mexico's government announced on Wednesday. Employees making under 1,122.22 pesos, or around $56 a day, will receive the 4.5% bump, while those making more than that amount will receive a 50.50 peso ($2.52) raise plus a 1.1026% increase to benefits, the government said in a press release.
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Mexico will bail out a flailing telecommunications company tasked with developing a wholesale national mobile network, President Andres Manuel Lopez Obrador said on Friday. Mexico signed an agreement to become the majority stakeholder in Altan Redes, which filed for bankruptcy in 2021, Lopez Obrador said in a regular news conference. "The Mexican state is already the majority partner, it has the direction and the administration of the company," Lopez Obrador said, adding that the move will secure Internet access in all towns and free Wifi in public squares, schools and hospitals.