Embratel

To assume control, Embratel would still have to acquire Net Servicos's common shares.

Carlos Slim Extends His Grip in Brazil 2010

Although Thursday's offer doesn't give Embratel control of Net Servicos, it represents a big step in that direction.

Carlos Slim Extends His Grip in Brazil 2010

In Thursday's statement, Embratel said it will offer 23.00 reals per Net Servicios preferred share.

Carlos Slim Extends His Grip in Brazil 2010

Mr. Slim controls Embratel through his Telefonos de Mexico SAB, or Telmex, which he has used to build his holdings in Brazil.

Carlos Slim Extends His Grip in Brazil 2010

Embratel said it is planning to increase its stake in Net Servicos given its "confidence in the expansion of the cable-TV market in coming years."

Carlos Slim Extends His Grip in Brazil 2010

Brasil Telecom shares advanced 4.6% to 27.50 reals and long-distance carrier Embratel ended 5.4% higher at 7.48 reals.

Mexico, Brazil and Canada Stocks Tumble 2008

IBM and Embratel, the Brazilian telecommunications company, made it available for online broadcast.

Tropicalismo 2.0 Colin Berry 1998

The recognition of its editorial quality has also been achieved by receiving a number of other national and international awards, including Premio Esso, Premio Annual Excelencia Jornalistica, Premio José Hamilton Ribeiro de Jornalismo, Sebrae de Jornalismo, 3º Conferencia Latino-Americana de Jornalismo Investigativo Colpin and Premio Imprensa Embratel.

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Slim, who owns Embratel through wireless carrier America Movil SAB, seeks to bundle video service with wireless, Internet and traditional land-line phone offerings to lure more customers from companies controlled by Telefonica SA.

BusinessWeek.com -- Top News 2010

Embratel wants to increase its stake in Net because it's "confident" in the growing pay-TV and broadband Internet industry in Brazil, according to the company's statement.

BusinessWeek.com -- Top News 2010