Telmex is the most successful business of the year according me and many other people. Carlos Slim, the guy who owns this company is the wealthiest man in the world. This company was founded in 1947 when a group of Mexican investors bought Swedish Ericsson's Mexican branch. In 1950 the same investors bought the Mexican branch of the ITT Corporation thus becoming the only telephone provider in the country. In 1972 the Mexican government bought the company, turning it into a government monopoly. In 1990, Telmex was bought by a group of investors formed principally by Carlos Slim, France Télécom, & Southwestern Bell Corporation, whose tender was the largest. However, controversially, the payment itself took place over the course of the next several years, using money earned by the phone service.
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