OTHER NEWS - Sept. 10, 1991
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From Times Staff and Wire Reports
Southwestern Bell to Up Stake in Mexico Phone Company: Southwestern Bell Corp. said it plans to double its stake in Telefonos de Mexico, the national telecommunications company of Mexico. The St. Louis-based company said it will use the option to buy more than 530 million “L” shares of stock for $467.3 million, or about 88 cents a share. The purchase increases Southwestern Bell’s holdings to 10% of the Mexican phone company.
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