Subsequent Events

6 Months Ended

Jun. 30, 2011

Subsequent Events

Subsequent Events

NOTE 8. SUBSEQUENT EVENTS

Tender of Telmex Shares On August 1, 2011, the Board of Directors of América Móvil, S.A. de C.V. (América Móvil) approved a tender offer for the remaining outstanding shares of Télefonos de México, S.A. de C.V. (Telmex) that were not already owned by América Móvil. The offer was for $10.50 Mexican pesos per share (payable in cash). We have announced our intent to tender all of our shares of Telmex for an estimated $1,370 of cash (using August 1, 2011 exchange rate). Assuming the tender offer is launched and it is completed, we expect to record a gain of approximately $0.01 to $0.03 per diluted share after tax as a result of this sale.