FORM 6-K

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 of

the Securities Exchange Act of 1934

For the month of July 2010

Commission File Number: 001-32741

Telmex Internacional, S.A.B. de C.V.

(Exact Name of the Registrant as Specified in the Charter)

Telmex International

(Translation of Registrant's Name into English)

Av. Insurgentes Sur 3500

Colonia Peña Pobre

México City 14060, México, D.F.

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F.... Ö .....Form 40-F.........

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ..... No... Ö ..

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-





TELMEX INTERNACIONAL, S.A.B. DE C.V.

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

I N D E X

FS-01 CONSOLIDATED BALANCE SHEETS, AT JUNE 30, 2010 & 2009

FS-02 CONSOLIDATED BALANCE SHEETS - BREAKDOWN OF MAIN CONCEPTS -

FS-03 CONSOLIDATED BALANCE SHEETS - OTHER CONCEPTS -

FS-04 CONSOLIDATED STATEMENTS OF INCOME FROM JANUARY 01 TO JUNE 30, 2010 & 2009

FS-05 CONSOLIDATED STATEMENTS OF INCOME - BREAKDOWN OF MAIN CONCEPTS -

FS-06 CONSOLIDATED STATEMENTS OF INCOME - OTHER CONCEPTS -

FS-07 CONSOLIDATED QUARTERLY STATEMENTS OF INCOME FROM APRIL 01 TO JUNE 30, 2009

FS-08 CONSOLIDATED QUARTERLY STATEMENTS OF INCOME - BREAKDOWN OF MAIN CONCEPTS -

FS-09 CONSOLIDATED QUARTERLY STATEMENTS OF INCOME - OTHER CONCEPTS -

FS-10 CONSOLIDATED STATEMENTS OF CHANGES IN FINANCIAL POSITION FROM JANUARY 01 TO JUNE 30, 2010 & 2009

FS-11 CONSOLIDATED STATEMENTS OF CHANGES IN FINANCIAL POSITION - BREAKDOWN OF MAIN CONCEPTS -

FS-12 DATA PER SHARE - CONSOLIDATED INFORMATION

FS-13 RATIOS - CONSOLIDATED INFORMATION

FS-14 STATE OF CASH FLOW (INDIRECT METHOD)

FS-15 STATE OF CASH FLOW (INDERECT METHOD) - BREAKDOWN OF MAIN CONCEPTS

ANNEX 1.- CHIEF EXECUTIVE OFFICER REPORT

ANNEX 2.- NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

ANNEX 3a.- SHARE INVESTMENTS -SUBSIDIARIES-

ANNEX 3b.- SHARE INVESTMENTS -AFFILATES-

ANNEX 5.- CREDITS BREAKDOWN

ANNEX 6.- FOREING EXCHANGE MONETARY POSITION

ANNEX 7.- CALCULATION AND RESULT FROM MONETARY POSITION

ANNEX 8.- DEBT INSTRUMENTS

ANNEX 9.- PLANTS, - COMMERCIAL, DISTRIBUTION AND/OR SERVICE CENTERS-

ANNEX 10.- RAW MATERIALS

ANNEX 11a.- SALES DISTRIBUTION PRODUCT - SALES -

ANNEX 11b.- SALES DISTRIBUTION PRODUCT - FOREIGN SALES -

ANALYSIS OF PAID CAPITAL STOCK

ANNEX 13.- PROJECT INFORMATION

ANNEX 14.- TRANSACTIONS IN FOREIGN CURRENCY AND EXCHANGE OF FINANCIAL STATEMENTS FROM FOREIGN OPERATIONS

COMPLIANCE WITHE THE REQUIREMENT ISSUED BY THE COMISION NACIONAL BANCARIA Y DE VALORES

GENERAL INFORMATION

BOARD OF DIRECTORS

 

 

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

FS-01

CONSOLIDATED BALANCE SHEETS

AT JUNE 30, 2010 & 2009

(Thousands of Mexican Pesos)

Final printing

---



REF

CONCEPTS

QUARTER OF PRESENT

QUARTER OF PREVIOUS

S


FINANCIAL YEAR

FINANCIAL YEAR



Amount

%

Amount

%

s01

TOTAL ASSETS

161,659,651

100

145,411,743

100







s02

CURRENT ASSETS

31,584,432

20

32,616,061

22

s03

CASH AND SHORT-TERM INVESTMENTS

5,302,582

3

5,198,059

4

s04

ACCOUNTS AND NOTES RECEIVABLE (NET)

18,087,124

11

17,679,188

12

s05

OTHER ACCOUNTS AND NOTES RECEIVABLE (NET)

5,401,978

3

6,172,960

4

s06

INVENTORIES

701,093

0

984,828

1

s07

OTHER CURRENT ASSETS

2,091,655

1

2,581,026

2

s08

LONG - TERM

16,016,728

10

7,352,038

5

s09

ACCOUNTS AND NOTES RECEIVABLE (NET)

0

0

0

0

s10

INVESTMENT IN SHARES OF NON-CONSOLIDATED SUBSIDIARIES AND AFFILIATES

16,014,645

10

7,350,146

5

s11

OTHER INVESTMENTS

2,083

0

1,892

0

s12

PROPERTY, PLANT AND EQUIPMENT (NET)

77,092,158

48

70,233,357

48

s13

LAND AND BUILDINGS

0

0

0

0

s14

MACHINERY AND INDUSTRIAL EQUIPMENT

205,103,148

127

186,118,126

128

s15

OTHER EQUIPMENT

0

0

0

0

s16

ACCUMULATED DEPRECIATION

134,922,055

83

120,871,198

83

s17

CONSTRUCTIONS IN PROGRESS

6,911,065

4

4,986,429

3

s18

OTHER INTANGIBLE ASSETS AND DEFERRED ASSETS (NET)

27,532,206

17

25,141,322

17

s19

OTHER ASSETS

9,434,127

6

10,068,965

7







s20

TOTAL LIABILITIES

62,459,354

100

54,760,519

100







s21

CURRENT LIABILITIES

33,981,628

54

36,514,934

67

s22

SUPPLIERS

0

0

0

0

s23

BANK LOANS

11,519,842

18

5,774,593

11

s24

STOCK MARKET LOANS

0

0

9,500,000

17

s103

OTHER LOANS WITH COST

0

0

0

0

s25

TAXES PAYABLE

58,572

0

1,083,534

2

s26

OTHER CURRENT LIABILITIES

22,403,214

36

20,156,807

37

s27

LONG - TERM LIABILITIES

16,006,243

26

11,521,283

21

s28

BANK LOANS

6,006,243

10

11,521,283

21

s29

STOCK MARKET LOANS

10,000,000

16

0

0

s30

OTHER LOANS WITH COST

0

0

0

0

s31

DEFERRED LIABILITIES

4,027,428

6

0

0

s32

OTHER NON CURRENT LIABILITIES

8,444,055

14

6,724,302

12







s33

CONSOLIDATED STOCKHOLDERS' EQUITY

99,200,297

100

90,651,224

100







s34

NON-CONTROLLING INTEREST

3,739,656

4

2,979,018

3

s35

CONTROLLING INTEREST

95,460,641

96

87,672,206

97

s36

CONTRIBUTED CAPITAL

55,011,925

55

55,099,559

61

s79

CAPITAL STOCK (NOMINAL)

16,974,025

17

17,061,659

19

s39

PREMIUM ON SALES OF SHARES

0

0

0

0

s40

CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES

38,037,900

38

38,037,900

42

s41

CAPITAL INCREASE (DECREASE)

40,448,716

41

32,572,647

36

s42

RETAINED EARNINGS AND CAPITAL RESERVE

23,728,764

24

20,114,570

22

s44

OTHER ACCUMULATED COMPREHENSIVE RESULT

16,719,952

17

12,458,077

14

s80

SHARES REPURCHASED

0

0

0

0



---

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

FS-02

CONSOLIDATED BALANCE SHEETS

- BREAKDOWN OF MAIN CONCEPTS -

(Thousands of Mexican Pesos)

Final printing

---



REF

CONCEPTS

QUARTER OF PRESENT

QUARTER OF PREVIOUS

S


FINANCIAL YEAR

FINANCIAL YEAR



Amount

%

Amount

%

s03

CASH AND SHORT-TERM INVESTMENTS

5,302,582

100

5,198,059

100

s46

CASH

971,577

18

1,397,388

27

s47

SHORT-TERM INVESTMENTS

4,331,005

82

3,800,671

73







s07

OTHER CURRENT ASSETS

2,091,655

100

2,581,026

100

s81

DERIVATIVE FINANCIAL INSTRUMENTS

0

0

146,592

6

s82

DISCONTINUED OPERATIONS

0

0

0

0

s83

OTHER

2,091,655

100

2,434,434

94







s18

OTHER INTANGIBLE ASSETS AND DEFERRED ASSETS (NET)

27,532,206

100

25,141,322

100

s48

AMORTIZED OR REDEEMED EXPENSES

11,198,074

41

5,269,995

21

s49

GOODWILL

14,510,263

53

17,832,007

71

s51

OTHERS

1,823,869

7

2,039,320

8







s19

OTHER ASSETS

9,434,127

100

10,068,965

100

s85

DERIVATIVE FINANCIAL INSTRUMENTS

0

0

0

0

s50

DEFERRED TAXES

4,985,624

53

5,839,901

58

s104

BENEFITS FOR EMPLOYEES

0

0

0

0

s86

DISCONTINUED OPERATIONS

0

0

0

0

s87

OTHER

4,448,503

47

4,229,064

42







s21

CURRENT LIABILITIES

33,981,628

100

36,514,934

100

s52

FOREIGN CURRENCY LIABILITIES

25,884,259

76

27,236,676

75

s53

MEXICAN PESOS LIABILITIES

8,097,369

24

9,278,258

25







s26

OTHER CURRENT LIABITIES

22,403,214

100

20,156,807

100

s88

DERIVATIVE FINANCIAL INSTRUMENTS

443,010

2

0

0

s89

INTEREST LIABILITIES

98,505

0

239,745

1

s68

PROVISIONS

0

0

0

0

s90

DISCONTINUED OPERATIONS

0

0

0

0

s58

OTHER CURRENT LIABILITIES

21,525,718

96

18,557,316

92

s105

BENEFITS FOR EMPLOYEES

335,981

1

1,359,746

7







s27

LONG-TERM LIABILITIES

16,006,243

100

11,521,283

100

s59

FOREIGN CURRENCY LIABILITIES

6,006,243

38

11,521,283

100

s60

MEXICAN PESOS LIABILITIES

10,000,000

62

0

0







s31

DEFERRED LIABILITIES

4,027,428

100

0

0

s65

GOODWILL

0

0

0

0

s67

OTHERS

4,027,428

100

0

0







s32

OTHER NON CURRENT LIABILITIES

8,444,055

100

6,724,302

100

s66

DEFERRED TAXES

5,966,290

71

4,160,254

62

s91

OTHER LIABILITIES IN RESPECT OF SOCIAL INSURANCE

2,477,765

29

2,564,048

38

s92

DISCONTINUED OPERATIONS

0

0

0

0

s69

OTHER LIABILITIES

0

0

0

0







s79

CAPITAL STOCK

16,974,025

100

17,061,659

100

s37

CAPITAL STOCK (NOMINAL)

147,354

1

148,495

1

s38

RESTATEMENT OF CAPITAL STOCK

16,826,671

99

16,913,164

99







s42

RETAINED EARNINGS AND CAPITAL RESERVES

23,728,764

100

20,114,570

100

s93

LEGAL RESERVE

276,774

1

276,774

1

s43

RESERVE FOR REPURCHASE OF SHARES

0

0

0

0

s94

OTHER RESERVES

0

0

0

0

s95

RETAINED EARNINGS

19,980,286

84

15,503,441

77

s45

NET INCOME FOR THE YEAR

3,471,704

15

4,334,355

22







s44

OTHER ACCUMULATED COMPREHENSIVE RESULT

16,719,952

100

12,458,077

100

s70

ACCUMULATED MONETARY RESULT

0

0

0

0

s71

RESULT FROM HOLDING NON-MONETARY ASSETS

0

0

0

0

s96

CUMULATIVE RESULT FROM FOREIGN CURRENCY TRANSLATION

16,719,952

100

12,458,077

100

s97

CUMULATIVE RESULT FROM DERIVATIVE FINANCIAL INSTRUMENTS

-

0

-

0

s98

CUMULTATIVE EFFECT OF DEFERRED INCOME TAXES

0

0

0

0

s100

OTHERS

0

0

0

0



---

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

FS-03

CONSOLIDATED BALANCE SHEETS

- OTHER CONCEPTS -

(Thousands of Mexican Pesos)

Final printing

---





REF

CONCEPTS

QUARTER OF PRESENT

FINANCIAL YEAR

Amount

QUARTER OF PREVIOUS

FINANCIAL YEAR

Amount

S

s72

WORKING CAPITAL

(2,397,196)

(3,898,873)

s73

PENSIONS FUND AND SENIORITY PREMIUMS

0

0

s74

EXECUTIVES (*)

0

0

s75

EMPLOYEES (*)

21,481

22,414

s76

WORKERS (*)

3,362

3,432

s77

OUTSTANDING SHARES (*)

18,008,571,160

18,148,042,660

s78

REPURCHASE OF OWN SHARER(*)

5,780,400

174,996,400

s101

RESTRICTED CASH

0

0

s102

DEBT WITH COST OF AFFILIATES NON CONSOLIDATED

0

0



---

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

FS-04

CONSOLIDATED STATEMENTS OF INCOME

- FROM JANUARY 01 TO JUNE 30, 2010 & 2009 -

(Thousands of Mexican Pesos)

Final printing

---





REF

CONCEPTS

QUARTER OF PRESENT

QUARTER OF PREVIOUS

R


FINANCIAL YEAR


FINANCIAL YEAR




Amount

%

Amount

%

r01

OPERATING REVENUES

48,913,956

100

42,419,246

100

r02

COST OF SALES AND SERVICES

31,134,897

64

27,995,278

66

r03

GROSS INCOME

17,779,059

36

14,423,968

34

r04

OPERATING EXPENSES

11,498,193

24

9,719,447

23

r05

OPERATING INCOME

6,280,866

13

4,704,521

11

r08

OTHER EXPENSES AND INCOMES (NET)

(123,336)

(0)

(79,605)

(0)

r06

COMPREHENSIVE FINANCING COST

(771,099)

(2)

1,268,326

3

r12

EQUITY IN NET INCOME OF NON-CONSOLIDATED SUBSIDIARIES, JOINT BUSSINES AND AFFILIATES

275,861

1

505,436

1

r48

NON-ORDINARY ITEMS

0

0

0

0

r09

INCOME BEFORE INCOME TAX AND EMPLOYEE PROFIT SHARING

5,662,292

12

6,398,678

15

r10

PROVISIONS FOR INCOME TAX AND EMPLOYEE PROFIT SHARING

1,960,758

4

1,828,326

4

r11

NET INCOME AFTER INCOME TAX AND EMPLOYEE PROFIT SHARING

3,701,534

8

4,570,352

11

r14

INCOME FROM DISCONTINUED OPERATIONS (NET)

0

0

0

0

r18

NET INCOME

3,701,534

8

4,570,352

11

r19

NET INCOME OF NON-CONTROLLING INTEREST

229,830

0

235,997

1

r20

NET INCOME OF CONTROLLING INTEREST

3,471,704

7

4,334,355

10









---

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

FS-05

CONSOLIDATED STATEMENTS OF INCOME

- BREAKDOWN OF MAIN CONCEPTS -

(Thousands of Mexican Pesos)

Final printing

---



REF

CONCEPTS

QUARTER OF PRESENT

QUARTER OF PREVIOUS

R


FINANCIAL YEAR


FINANCIAL YEAR




Amount

%

Amount

%

r01

OPERATING REVENUES

48,913,956

100

42,419,246

100

r21

DOMESTIC

2,703,460

6

3,523,674

8

r22

FOREIGN

46,210,496

94

38,895,572

92

r23

TRANSLATION INTO DOLLARS (***)

3,627,962

7

2,780,499

7







r08

OTHER EXPENSES AND INCOMES (NET)

(123,336)

100

(79,605)

100

r49

OTHER EXPENSES AND INCOMES (NET)

(77,258)

63

(39,911)

50

r34

EMPLOYEE PROFIT SHARING

16,680

(14)

1,293

(2)

r35

DEFERRED EMPLOYEE PROFIT SHARING

29,398

(24)

38,401

(48)







r06

COMPREHENSIVE FINANCING COST

(771,099)

100

1,268,326

100

r24

INTEREST EXPENSE

863,359

(112)

1,184,339

93

r42

LOSS (GAIN) ON RESTATEMENT OF UDI'S

0

0

0

0

r45

OTHER FINANCIAL COSTS

0

0

0

0

r26

INTEREST INCOME

640,254

(83)

453,690

36

r46

OTHER FINANCIAL PRODUCTS

0

0

0

0

r25

FOREIGN EXCHANGE LOSS (GAIN) (NET)

(547,994)

71

1,998,975

158

r28

RESULT FROM MONETARY POSITION

0

0

0

0







r10

PROVISION FOR INCOME TAX AND EMPLOYEE PROFIT SHARING

1,960,758

100

1,828,326

100

r32

INCOME TAX

1,232,504

63

1,594,548

87

r33

DEFERRED INCOME TAX

728,254

37

233,778

13







(***) THOUSAND DOLLARS AT THE PREVAILING EXCHANGE RATE AT THE END OF THE REPORTING PERIOD.



---

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

FS-06

CONSOLIDATED STATEMENTS OF INCOME

- OTHER CONCEPTS -

(Thousands of Mexican Pesos)

Final printing

---



REF

CONCEPTS

QUARTER OF PRESENT

QUARTER OF PREVIOUS

R


FINANCIAL YEAR

FINANCIAL YEAR



Amount

Amount

r36

TOTAL REVENUES

48,913,956

42,419,246

r37

TAX RESULT FOR THE YEAR

0

0

r38

OPERATING REVENUES (**)

99,034,793

81,464,156

r39

OPERATING INCOME (**)

12,628,129

9,429,076

r40

NET INCOME OF CONTROLLING INTEREST (**)

8,241,850

6,743,417

r41

NET INCOME (**)

8,694,070

6,973,001

r47

OPERATIVE DEPRECIATION AND ACCUMULATED

5,664,205

4,256,954





(**)

INFORMATION OF THE PAST TWELVE MONTHS






---

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

FS-07

CONSOLIDATED QUARTERLY STATEMENTS OF INCOME

- FROM APRIL 01 TO JUNE 30, 2009 -

(Thousands of Mexican Pesos)

Final printing

---



REF

CONCEPTS

QUARTER OF PRESENT

QUARTER OF PREVIOUS

RT


FINANCIAL YEAR


FINANCIAL YEAR




Amount

%

Amount

%

rt01

OPERATING REVENUES

24,484,698

100

21,778,023

100

rt02

COST OF SALES AND SERVICES

15,510,398

63

14,303,930

66

rt03

GROSS INCOME

8,974,300

37

7,474,093

34

rt04

OPERATING EXPENSES

5,808,783

24

5,077,986

23

rt05

OPERATING INCOME

3,165,517

13

2,396,107

11

rt08

OTHER EXPENSES AND INCOMES (NET)

(73,246)

(0)

(73,492)

(0)

rt06

COMPREHENSIVE FINANCING COST

(552,125)

(2)

1,525,767

7

rt12

EQUITY IN NET INCOME OF NON-CONSOLIDATED SUBSIDIARIES, JOINT BUSSINES AND AFFILIATES

91,966

0

313,382

1

rt48

NON-ORDINARY ITEMS

0

0

0

0

rt09

INCOME BEFORE INCOME TAX AND EMPLOYEE PROFIT SHARING

2,632,112

11

4,161,764

19

rt10

PROVISIONS FOR INCOME TAX AND EMPLOYEE PROFIT SHARING

987,009

4

1,302,506

6

rt11

NET INCOME AFTER INCOME TAX AND EMPLOYEE PROFIT SHARING

1,645,103

7

2,859,258

13

rt14

INCOME FROM DISCONTINUED OPERATIONS (NET)

0

0

0

0

rt18

NET INCOME

1,645,103

7

2,859,258

13

rt19

NET INCOME OF NON-CONTROLLING INTEREST

114,278

0

170,720

1

rt20

NET INCOME OF CONTROLLING INTEREST

1,530,825

6

2,688,538

12









---

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

FS-08

CONSOLIDATED QUARTERLY STATEMENTS OF INCOME

- BREAKDOWN OF MAIN CONCEPTS -

(Thousands of Mexican Pesos)

Final printing

---



REF

CONCEPTS

QUARTER OF PRESENT

QUARTER OF PREVIOUS

RT


FINANCIAL YEAR

FINANCIAL YEAR



Amount

%

Amount

%

rt01

OPERATING REVENUES

24,484,698

100

21,778,023

100

rt21

DOMESTIC

1,374,556

6

1,735,862

8

rt22

FOREIGN

23,110,142

94

20,042,161

92

rt23

TRANSLATION INTO DOLLARS (***)

1,814,365

7

1,432,739

7







rt08

OTHER REVENUES AND (EXPENSES), NET

(73,246)

100

(73,492)

100

rt49

OTHER REVENUES AND (EXPENSES), NET

(41,632)

57

(51,354)

70

rt34

EMPLOYEE PROFIT SHARING

6,188

(8)

965

(1)

rt35

DEFERRED EMPLOYEE PROFIT SHARING

25,426

(35)

21,173

(29)







rt06

COMPREHENSIVE FINANCING COST

(552,125)

100

1,525,767

100

rt24

INTEREST EXPENSE

428,928

(78)

549,440

36

rt42

LOSS (GAIN) ON RESTATEMENT OF UDI'S

0

0

0

0

rt45

OTHER FINANCIAL COSTS

0

0

0

0

rt26

INTEREST INCOME

318,108

(58)

214,860

14

rt46

OTHER FINANCIAL PRODUCTS

0

0

0

0

rt25

FOREIGN EXCHANGE LOSS (GAIN) (NET)

(441,305)

80

1,860,347

122

rt28

RESULT FROM MONETARY POSITION

0

0

0

0







rt10

PROVISION FOR INCOME TAX AND EMPLOYEE PROFIT SHARING

987,009

100

1,302,506

100

rt32

INCOME TAX

547,201

55

1,159,079

89

rt33

DEFERRED INCOME TAX

439,808

45

143,427

11







(***) THOUSAND DOLLARS AT THE PREVAILING EXCHANGE RATE AT THE END OF THE REPORTING PERIOD.





---

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

FS-09

CONSOLIDATED QUARTERLY STATEMENTS OF INCOME

- OTHER CONCEPTS -

(Thousands of Mexican Pesos)

Final printing

---



REF

CONCEPTS

QUARTER OF PRESENT

QUARTER OF PREVIOUS

RT


FINANCIAL YEAR

FINANCIAL YEAR



Amount

Amount

rt47

OPERATIVE DEPRECIATION AND ACCUMULATED IMPAIRMENT LOSSES

2,833,527

2,214,106







---

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

FS-10

CONSOLIDATED STATEMENTS OF CHANGES IN FINANCIAL POSITION

- FROM JANUARY 01 TO JUNE 30, 2010 & 2009 -

(Thousands of Mexican Pesos)

Final printing

---



REF

C

CONCEPTS

QUARTER OF PRESENT

FINANCIAL YEAR

QUARTER OF PREVIOUS

FINANCIAL YEAR

Amount

Amount

c01

NET INCOME

0

0

c02

(+)(-) ITEMS ADDED TO INCOME WHICH DO NOT REQUIRE USING RESOURCES

0

0

c03

CASH FLOW FROM NET INCOME FOR THE YEAR

0

0

c04

CASH FLOW FROM CHANGES IN WORKING CAPITAL

0

0

c05

RESOURCES PROVIDED BY (USED FOR) OPERATING ACTIVITIES

0

0

c06

RESOURCES PROVIDED BY (USED FOR) EXTERNAL FINANCING ACTIVITIES

0

0

c07

RESOURCES PROVIDED BY (USED FOR) INTERNAL FINANCING ACTIVITIES

0

0

c08

RESOURCES PROVIEDED BY (USED FOR) FINANCING ACTIVITIES

0

0

c09

RESOURCES PROVIDED BY (USED FOR) INVESTMENT ACTIVITIES

0

0

c10

NET INCREASE (DECREASE) IN CASH AND SHORT-TERM INVESTMENTS

0

0

c11

CASH AND SHORT-TERM INVESTMENTS AT THE BEGINNIG OF PERIOD

0

0

c12

CASH AND SHORT-TERM INVESTMENTS AT THE END OF PERIOD

0

0






---

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

FS-11

CONSOLIDATED STATEMENTS OF CHANGES IN FINANCIAL POSITION

- BREAKDOWN OF MAIN CONCEPTS -

(Thousands of Mexican Pesos)

Final printing

---

REF

C

CONCEPTS

QUARTER OF PRESENT

FINANCIAL YEAR

QUARTER OF PREVIOUS

FINANCIAL YEAR

Amount

Amount

c02

+(-) ITEMS ADDED TO INCOME WHICH DO NOT REQUIRE USING RESOURCES

0

0

c13

DEPRECIATION AND AMORTIZATION FOR THE YEAR

0

0

c41

+(-) OTHER ITEMS

0

0





c04

CASH FLOW FROM CHANGES IN WORKING CAPITAL

0

0

c18

+(-) DECREASE (INCREASE) IN ACCOUNT RECEIVABLE

0

0

c19

+(-) DECREASE (INCREASE) IN INVENTORIES

0

0

c20

+(-) DECREASE (INCREASE) IN OTHER ACCOUNT RECEIVABLE AND OTHER ASSETS

0

0

c21

+(-) INCREASE (DECREASE) IN SUPPLIERS ACCOUNT

0

0

c22

+(-) INCREASE (DECREASE) IN OTHER LIABILITIES

0

0





c06

RESOURCES PROVIDED BY (USED FOR) EXTERNAL FINANCING ACTIVITIES

0

0

c23

+ BANK FNANCING

0

0

c24

+ STOCK MARKET FINANCING

0

0

c25

+ DIVIDEND RECEIVED

0

0

c26

+ OTHER FINANCING

0

0

c27

(-) BANK FINANCING AMORTIZATION

0

0

c28

(-) STOCK MARKET FINANCING AMORTIZATION

0

0

c29

(-) OTHER FINANCING AMORTIZATION

0

0

c42

+ (-) OTHER ITEMS

0

0





c07

RESOURCES PROVIDED BY (USED FOR) INTERNAL FINANCING ACTIVITIES

0

0

c30

+ (-) INCREASE (DECREASE) IN CAPITAL STOCK

0

0

c31

(-) DIVIDENDS PAID

0

0

c32

+ PREMIUM ON SALE OF SHARES

0

0

c33

+ CONTRIBUTION FOR FUTURE CAPITAL INCREASES

0

0

c43

+ (-) OTHER ITEMS

0

0





c09

RESOURCES PROVIDED BY (USED FOR ) INVESTMENT ACTIVITIES

0

0

c34

+(-) DECREASE (INCREASE) IN STOCK INVESTMENTS OF PERMANENT NATURE

0

0

c35

(-) ACQUISITION OF PROPERTY, PLANT AND EQUIPMENT

0

0

c36

(-) INCREASE IN CONSTRUCTIONS IN PROGRESS

0

0

c37

+ SALE OF OTHER PERMANENT INVESTMENT

0

0

c38

+ SALE OF TANGIBLE FIXED ASSETS

0

0

c39

+ (-) OTHER ITEMS

0

0

---

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

FS-12

DATA PER SHARE

- CONSOLIDATED INFORMATION -

(Thousands of Mexican Pesos)

Final printing

---



REF

CONCEPTS

QUARTER OF PRESENT

QUARTER OF PREVIOUS

D


FINANCIAL YEAR

FINANCIAL YEAR



Amount


Amount


d01

BASIC INCOME PER ORDINARY SHARE (**)

$0.46


$0.37


d02

BASIC INCOME PER PREFERENT SHARE (**)

$0.00


$0.00


d03

DILUTED INCOME PER ORDINARY SHARE (**)

$0.00


$0.00


d04

INCOME FROM CONTINUOUS OPERATIONS PER ORDINARY SHARE (**)

$0.46


$0.37


d05

EFFECT OF DISCONTINUOUS OPERATIONS ON INCOME FROM CONTINUOS OPERATIONS PER ORDINARY SHARE (**)

$0.00


$0.00


d08

CARRYING VALUE PER SHARE

$5.30


$4.83


d09

ACUMULATED CASH DIVIDEND PER SHARE

$0.00


$0.00


d10

SHARE DIVIDENDS PER SHARE

0.00

shares

0.00

shares

d11

MARKET PRICE TO CARRYING VALUE

2.18

times

1.66

times

d12

MARKET PRICE TO BASIC INCOME PER ORDINARY SHARE (**)

25.11

times

21.62

times

d13

MARKET PRICE TO BASIC INCOME PER PREFERENT SHARE (**)

0.00

times

0.00

times

(**) INFORMATION OF THE PAST TWELVE MONTHS




---

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

FS-13

RATIOS

- CONSOLIDATED INFORMATION -

(Thousands of Mexican Pesos)

Final printing

---





REF

CONCEPTS

QUARTER OF PRESENT

QUARTER OF PREVIOUS

P


FINANCIAL YEAR

FINANCIAL YEAR








YIELD




p01

NET INCOME TO OPERATING REVENUES

7.57


10.77


p02

NET INCOME TO STOCKHOLDERS' EQUITY (**)

8.76


7.69


p03

NET INCOME TO TOTAL ASSETS ( **)

5.38


4.80


p04

CASH DIVIDENDS TO PREVIOUS YEAR NET INCOME

-


-


p05

INCOME DUE TO MONETARY POSITION TO NET INCOME

-


-



ACTIVITY





p06

OPERATING REVENUES TO TOTAL ASSETS (**)

0.61

times

0.56

times

p07

OPERATING REVENUES TO FIXED ASSETS (**)

1.28

times

1.16

times

p08

INVENTORIES ROTATION (**)

89.98

times

53.25

times

p09

ACCOUNTS RECEIVABLE IN DAYS OF SALES

58.00

days

65.00

days

p10

INTEREST PAID TO TOTAL LIABILITIES WITH COST (**)

7.43


7.71



LEVERAGE





p11

TOTAL LIABILITIES TO TOTAL ASSETS

38.64


37.66


p12

TOTAL LIABILITIES TO STOCKHOLDERS' EQUITY

0.63

times

0.60

times

p13

FOREIGN CURRENCY LIABILITIES TO TOTAL LIABILITIES

51.06


70.78


p14

LONG-TERM LIABILITIES TO FIXED ASSETS

20.76


16.40


p15

OPERATING INCOME TO INTEREST PAID

7.27

times

3.97

times

p16

OPERATING REVENUES TO TOTAL LIABILITIES (**)

1.59

times

1.49

times


LIQUIDITY





p17

CURRENT ASSETS TO CURRENT LIABILITIES

0.93

times

0.89

times

p18

CURRENT ASSETS LESS INVENTORY TO CURRENT LIABILITIES

0.91

times

0.87

times

p19

CURRENT ASSETS TO TOTAL LIABILITIES

0.51

times

0.60

times

p20

AVAILABLE ASSETS TO CURRENT LIABILITIES

15.60


14.24


(**) INFORMATION OF THE PAST TWELVE MONTHS





---

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

FS-14

STATE OF CASH FLOW (INDIRECT METHOD)

MAIN CONCEPTS

- CONSOLIDATED INFORMATION -

(Thousands of Mexican Pesos)

Final printing

---



REF

CONCEPTS

QUARTER OF PRESENT

QUARTER OF PREVIOUS

C


FINANCIAL YEAR

FINANCIAL YEAR



Amount

Amount


OPERATION ACTIVITIES



e01

INCOME (LOST) BEFORE INCOME TAXES

5,662,292

6,398,678

e02

+(-) ITEMS NOT REQUIRING CASH

533,560

(1,998,975)

e03

+(-) ITEMS RELATED TO INVESTING ACTIVITIES

6,877,086

4,715,360

e04

+(-) ITEMS RELATED TO FINANCING ACTIVITIES

863,359

1,184,339

e05

CASH FLOWS BEFORE INCOME TAX

13,936,297

10,299,402

e06

CASH FLOW PROVIDED OR USED IN OPERATION

(3,251,654)

(2,741,027)

e07

NET CASH FLOWS PROVIDED OF OPERATING ACTIVITIES

10,684,643

7,558,375


INVESTMENT ACTIVITIES



e08

NET CASH FLOW FROM INVESTING ACTIVITIES

(7,680,918)

(9,473,611)

e09

FINANCING ACTIVITIES

3,003,725

(1,915,236)






FINANCING ACTIVITIES



e10

NET CASH FROM FINANCING ACTIVITIES

(7,887,243)

(1,024,703)

e11

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS

(4,883,518)

(2,939,939)

e12

TRANSLATION DIFFERENCES IN CASH AND CASH EQUIVALENTS

(513,124)

627,423

e13

CASH AND CASH EQUIVALENTS AT THE BEGINNING OF PERIOD

10,699,224

7,510,575

e14

CASH AND CASH EQUIVALENTS AT THE END OF PERIOD

5,302,582

5,198,059







---

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

FS-15

STATE OF CASH FLOW (INDIRECT METHOD)

BREAKDOWN OF MAIN CONCEPTS

- CONSOLIDATED INFORMATION -

(Thousands of Mexican Pesos)

Final printing

---





REF

CONCEPTS

QUARTER OF PRESENT

QUARTER OF PREVIOUS

C


FINANCIAL YEAR

FINANCIAL YEAR



Amount

Amount

e02

+(-) ITEMS NOT REQUIRING CASH

533,560

(1,998,975)

e15

+ESTIMATES FOR THE PERIOD

0

0

e16

+PROVISIONS FOR THE PERIOD

0

0

e17

+(-) OTHER UNREALIZED ITEMS

533,560

(1,998,975)





e03

+(-) ITEMS RELATED TO INVESTING ACTIVITIES

6,877,086

4,715,360

e18

+DEPRECIATION AND AMORTIZATION FOR THE PERIOD (*)

7,152,947

5,220,796

e19

(-)+GAIN OR LOSS ON SALE OF PROPERTY, PLANT AND EQUIPMENT

0

0

e20

+IMPAIRMENT LOSS

0

0

e21

(-)+EQUITY RESULTS OF ASSOCIATES AND JOINT VENTURES

(275,861)

(505,436)

e22

(-)DIVIDENDS RECEIVED

0

0

e23

(-)INTEREST INCOME

0

0

e24

(-)+ OTHER ITEMS

0

0





e04

+(-) ITEMS RELATED TO FINANCING ACTIVITIES

863,359

1,184,339

e25

+ACCRUED INTERESTS

863,359

1,184,339

e26

+(-) OTHER ITEMS

0

0





e06

CASH FLOW PROVIDED OR USED IN OPERATION

(3,251,654)

(2,741,027)

e27

+(-) DECREASE (INCREASE) IN ACCOUNTS RECEIVABLE

(543,445)

(268,695)

e28

+(-) DECREASE (INCREASE) IN INVENTORIES

(58,047)

1,123,877

e29

+(-) DECREASE (INCREASE) IN OTHER ACCOUNTS RECEIVABLE AND OTHER ASSETS

503,198

409,705

e30

+(-) INCREASE (DECREASE) IN SUPPLIERS

10,933

(1,055,021)

e31

+(-) INCREASE (DECREASE) IN OTHER LIABILITIES

(1,316,521)

(1,520,793)

e32

+(-) INCOME TAXES PAID OR RETURNED

(1,847,772)

(1,430,100)





e08

NET CASH FLOWS OF INVESTING ACTIVITIES

(7,680,918)

(9,473,611)

e33

- PERMANENT INVESTMENT IN SHARES

0

(247,860)

e34

+DISPOSITION OF PERMANENT INVESTMENT IN SHARES

0

0

e35

- INVESTMENTS IN PROPERTY, PLANT AND EQUIPMENT

(7,112,744)

(8,062,331)

e36

+ SALE OF PROPERTY, PLANT AND EQUIPMENT

0

0

e37

- INVESTMENT IN INTANGIBLE ASSETS

(400,312)

(938,435)

e38

+ DISPOSITION OF INTANGIBLE ASSETS

0

0

e39

- OTHER PERMANENT INVESTMENTS

(167,862)

(224,985)

e40

+ DISPOSITION OF OTHER PERMANENT INVESTMENTS

0

0

e41

+ DIVIDENDS RECEIVED

0

0

e42

+ INTERESTS RECEIVED

0

0

e43

+(-) DECREASE (INCREASE) ADVANCES AND LOANS TO THIRD PARTS

0

0

e44

+(-) OTHER ITEMS

0

0





e10

NET CASH FLOWS OF FINANCING ACTIVITIES

(7,887,243)

(1,024,703)

e45

+ BANK FINANCING

8,026,209

4,144,047

e46

+ STOCK MARKET FINANCING

0

36,200,000

e47

+ OTHER FINANCING

33,823

107,579

e48

(-) BANK FINANCING AMORTIZATION

(8,937,655)

(7,065,419)

e49

(-) STOCK MARKET FINANCING AMORTIZATION

(5,000,000)

(32,200,000)

e50

(-) OTHER FINANCING AMORTIZATION

(52,187)

(192,388)

e51

+ (-) INCREASE (DECREASE) IN CAPITAL STOCK

0

0

e52

(-) DIVIDENDS PAID

(345,248)

(19,934)

e53

+ PREMIUM ON ISSUANCE OF SHARES

0

0

e54

+ CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES

0

0

e55

- INTEREST EXPENSE

(893,801)

(1,182,462)

e56

+ REPURCHASE OF SHARES

(66,666)

(1,266,610)

e57

+(-) OTHER ITEMS

(651,718)

450,484





* IN CASE THAT THIS AMOUNT IS DIFFERENT FROM r47 ACCOUNT IT WILL HAVE TO EXPLAIN IN NOTES



---



MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

ANNEX 1

CHIEF EXECUTIVE OFFICER REPORT

Consolidated

Final printing

---

Highlights

Second quarter 2010

Consolidated relevant figures  

Ø       2010 accumulated consolidated revenues through June were the equivalent of 48.914 billion pesos, a 15.3% increase compared with the same period a year earlier. Based on local accounting principles of each country where we operate, the following increases in revenues with respect to the same period last year were registered: 6.8% in Brazil, 10.7% in Colombia, 8.8% in Argentina, 16.0% in Chile and 2.9% in Peru.

Ø       At the end of June 2010, there were 20.1 million accesses or Revenue Generating Units (RGUs) in the different countries in which we operate, representing a 17.0% increase compared with the end of June 2009.

Ø       2010 accumulated consolidated EBITDA(1) totaled 13.434 billion pesos, a 35.3% increase compared with the same period of the previous year. Based on local accounting principles and exchange rates of each country, EBITDA increases were 23.4% in Brazil, 50.7% in Colombia, 21.2% in Argentina, 63.7% in Chile and 68.5% in Peru.

Ø       For the same period, operating income totaled 6.281 billion pesos, a 33.5% increase compared with the end of June 2009.

Ø       Corresponding EBITDA and operating income margins were 27.5% and 12.9% respectively, compared with 23.5% and 11.0% for the same period a year earlier.

Ø       2010 accumulated consolidated majority net income was 3.472 billion pesos, or a 19.9% decrease compared with the same period of last year. This decrease was due to an extraordinary exchange rate gain that occurred during 2009.

Ø       At the end of June 2010, total consolidated debt was the equivalent of 2.175 billion dollars. Of total debt, 26.7% was dollar-denominated. In order to minimize the risk associated with currency fluctuation, hedges were in place for the equivalent of 293 million dollars, or 50.3% of the dollar-denominated debt. Net debt (3) was the equivalent of 1.756 billion dollars.



Relevant Figures












(Million of nominal pesos, unless otherwise indicated)














%



6 months 10

6 months 09

Inc.







Revenues

Ps.

48,914

Ps.

42,419

15.3

EBITDA (1)


13,434


9,926

35.3

EBITDA margin (%)


27.5


23.4

4.1

Operating income


6,281


4,705

33.5

Operating margin (%)


12.8


11.1

1.7

Majority income from continuing operations

3,472


4,334

(19.9)

Earnings per share (pesos)


0.19


0.24

(20.8)

Earnings per ADR (dollars) (2)


0.30


0.36

(16.7)

Outstanding shares (millions)


18,009


18,148

(0.8)

Equivalent ADRs (millions) (2)


900


907

(0.8)



(1)   EBITDA: Defined as operating income plus depreciation and amortization. Please refer to www.telmexinternacional.com in the Investor Relations section, where you will find its calculation.

(2)   One ADR represents 20 shares.

(3)   Net debt is defined as total debt less cash, cash equivalents and marketable securities.




---

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

ANNEX 2

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Thousands of Mexican Pesos)

Consolidated

Final printing

---



RECOGNITION TO THE EFFECTS OF INFLATION


Since January 1, 2008, Mexican FRS B-10 "Effects of Inflation", replaced Mexican accounting Bulletin B-10 "Accounting Recognition of the Effects of Inflation on Financial Information". Based on Mexican FRS B-10, the economic environment in Mexico in 2009 and 2008 have been qualified as non-inflationary, due to inflation in the preceding three fiscal years was less than 16%. Therefore, during 2008 and 2009 the effects of inflation on financial information were not recognized, keeping the recognition of the effects of inflation up to December 31, 2007.


Also based on Mexican FRS B-10, in 2008 the total result from holding non-monetary assets, net from deferred taxes, and the accumulated deficit from monetary position, were reclassified to retained earnings.


BALANCE SHEET


S 87 OTHERS


This item is represented by the inventories for telephone plant operation, which are valued by the average cost method.



S 58 OTHER CURRENT LIABILITIES


As of June 30, 2010, this item rose to Ps. 21,525,718 and is comprised as follows:


2010


Accounts payable $ 14,730,756

Other accrued liabilities 2,645,962

Deferred credits 4,149,000


S 40 CONTRIBUTIONS FOR FUTURE CAPITAL INCREASES


This item is represented by other capital contributions, since there is no a specific caption for this issue.


S 42 RETAINED EARNINGS AND CAPITAL RESERVES



On July 9, 2008 the Annual Ordinary Shareholders' Meeting approved the funds authorized to repurchase its own shares in the maximum amount of Ps. 10,000,000. Additionally, on April 29, 2009 the Annual Ordinary Shareholders’ Meeting approved to increase in Ps. 5,000,000, the funds authorized to repurchase its own shares, bringing the total maximum amount to Ps. $ 10,067,022.

From January 1 through June 15, 2010, the Company acquired 5.8 million L shares for Ps. 66,666

The Company's repurchased shares are applied to retained earnings, in the amount exceeding the portion of the capital stock, corresponding to the repurchased shares.




RATIOS


P 08 INVENTORY TURNOVER RATE-COST


EMISNET automatically calculates the inventory turnover rate by dividing the cost of sales and services (Ref. R 2) by the inventory of goods for sale (Ref. S 6), affecting the actual inventory turnover rate.



RECLASIFICATIONS


Certain figures of the 2009 financial statements have been reclassified to conform its presentation with the one used for the year 2010.


---

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

ANNEX 3a

SHARE INVESTMENTS SUBSIDIARIES

Consolidated

Final printing

---



COMPANY NAME

MAIN ACTIVITIES

NUMBER OF

SHARES

OWNERSHIP












%

Consertel, S.A. de C.V.

Intermediate holding company

106,419,052,434

100.00

Soporte de Servicios Int. Latam S.A. de C.V

Human resources services

50,000

100.00

Latam Servicios Integrales S.A. de C.V.

Human resources services

50,000

100.00

Soporte Comercial de Latam negocios S.A. de C.V.

Leasing services

50,000

100.00

Contenido Cultural y Educativo, S.A. de C.V.

Selling advertising space

28,274,849

100.00

Inmuebles Madag, S.A. de C.V.

Real state leasing

50,000

100.00

Anuncios en Directorios, S.A. de C.V.

Producer of yellow and white pages directories in México

379,081,852

100.00

Metrored Holdings S. R. L.

Intermediate holding company of provides of telecomunications services in Argentina

758,185,575

96.13

Telmex Chile Holding S.A.

Intermediate holding company in Chile

330,461,011,301

100.00

Telmex Perú S. A.

Provider of telecommunications services to corporate customers in Perù.

10,739,258

100.00

Embratel Participações, S.A.

Intermediate Holding company of domestic and international long distance, local and data services providers in Brazil

1,030,078,263,460

98.06

Telmex Colombia S. A. (before Telmex Hogar, S.A.)

Provider of telecommunications services to corporate customers in Colombia

34,398,789

100.00

Ecuadortelecom, S. A.

Provider of telecommunications services in Ecuador

150,280,949

100.00

Network and Operation S.A.

Provider of cable television and Internet services in Colombia

772,543

100.00

Cablecaribe, S.A.

Provider of cable television and Internet services in Colombia

87,398

100.00

Megacanales, S.A.

Producer of cable television content

150,000

100.00

The Now Operation, S.A.

Editor of cable television programming magazine in Colombia

100,000

100.00

New Dinamic Company, S.A.

Provider of cable television in Colombia

4,496,150

100.00

Sección Amarilla USA. LLC

Producer of yellow and white pages directories in USA

100

100.00

Páginas Telmex Colombia, S.A.

Producer of yellow and white pages directories in Colombia

1,745,851

100.00

Páginas Telmex Argentina, S.A.

Producer of yellow and white pages directories in Argentina

21,439,336

100.00

Páginas Telmex Perú, S.A.C.

Producer of yellow and white pages directories in Perú

120,229

100.00

Eidon Software, S.A. de C.V.

Provider of software services

79,757,354

51.00





---

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

ANNEX 3b

SHARE INVESTMENTS AFFILATES

Consolidated

Final printing

---

 



COMPANY NAME

MAIN ACTIVITIES

NUMBER OF

SHARES

OWNERSHIP

TOTAL AMOUNT

(Thousands of

Mexican Pesos)





ACQUISITION

COST

PRESENT

VALUE




%



Net Serviços de Comunicação, S.A.

Provider of cable television

121,338,989

34.64 (*)

5,651,398

15,601,460

Eidon Software, S.A. de C.V.

Provider of software services

79,757,354

51.00

247,860

176,114

Scitum, S.A. de C.V.

Information security systems

2,865,893

30.00

181,794

181,794

Others





55,277







TOTAL INVESTMENT IN ASSOCIATES




6,081,052

16,014,645

OTHER PERMANENT INVESTMENTS





2,083

T O T A L




6,081,052

16,016,728



- - The 34.64 % corresponds to the Telmex Internacional's indirect interest in Net Serviços de Comunicação S.A. (Net); the direct and indirect interest of Embratel Participações S.A. in Net at June 30, 2010 is 35.38%.





 



MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

ANNEX 5

CREDITS BREAKDOWN

(Thousands of Mexican Pesos)

Consolidated

Final printing

---



Credit Type / Institution

Foreign

Institution

Signature date

Amortization Date

Interest Rate

Amortization of Credits Denominated in Pesos


Amortization of Credits in Foreign Currency








Time Interval





Time Interval










Current

Year

Until 1

Year

Until 2

Year

Until 3

Year

Until 4

Year

Until 5

Years or

more

Current

Year

Until 1

Year

Until 2

Year

Until 3

Year

Until 4

Year

Until 5

Years or

more

BANKS

















FOREIGN TRADE

















Banco Interamericano de Desarrollo (2)

Y

19/04/2007

11/05/2012

1.60







542,430

542,430

1,084,860

0

0

0

CAF Santander (2)

Y

07/07/2006

05/07/2011

1.84







331,606

331,606

331,606

0

0

0

EDC (2)

Y

21/11/2006

17/11/2011

1.65







158,209

158,209

158,209

0

0

0

BNP Paribas - Star One (3)

Y

13/08/2003

28/11/2013

4.01







329,639

329,639

544,793

773,762

156,555

0

BNP Paribas (2)

Y

13/08/2003

02/12/2013

1.50







11,264

11,264

22,529

22,529

11,264

0

SECURED DEBT

















COMMERCIAL BANK

















Brasil:

















Banco IBM (2)

Y

22/09/2006

22/09/2012

1.93







52,736

52,736

105,473

52,736

0

0

Banco IBM (4)

Y

29/09/2009

29/09/2015

11.32







68,308

68,308

136,617

136,617

136,616

204,924

Nordic (2)

Y

24/04/2006

30/04/2013

2.25







79,104

79,104

158,209

158,209

0

0

Others (6)

Y

30/10/2009

15/11/2012

10.50







14,637

87,821

175,641

73,184

0

0

Others (3)

Y

04/11/2009

15/12/2014

4.50







10,861

25,890

89,249

104,815

104,815

31,058

Chile:

















Others (3)

Y

31/05/2001

10/06/2016

2.37







745,532

557

448,284

1,303

1,397

2,862

Others (3)

Y

01/12/2006

19/03/2015

4.53







29,803

26,896

60,933

32,562

9,027

1,451

Others leasing (3)

Y

01/12/1999

01/07/2027

8.79







1,034

16,325

14,138

15,371

16,712

110,842

Colombia:

















Others (5)

Y

01/06/2006

01/09/2013

7.18







35,853

35,853

71,710

71,710

17,920

0

others leasing (5)

Y

01/04/2006

01/08/2014

8.52







33,596

35,492

76,222

82,473

66,894

4,159

Argentina:

















Others (3)

Y

09/10/2007

17/06/2011

1.94







21,728

9,821

5,471

2,736

0

0

Others (3)

Y

15/06/2010

15/07/2010

12.60







25,764






Peru:

















Others leasing (3)

Y

18/09/2000

01/06/2011

7.00







2,102

41,855

0

0

0

0

Others (3)

Y

22/06/2009

11/11/2013

2.98







532,734

5,484

10,969

10,969

5,484

0

Others (3)

Y

05/03/2010

26/07/2010

1.46







353,760

0

0

0

0

0

Others (3)

Y

01/07/2007

11/10/2014

4.50







15,480

15,770

32,750

30,354

22,776

4,494


















Ecuador:

















Others (3)

Y

28/06/2010

29/07/2010

8.50







48,602

0

0

0

0

0

México:

















Bancomer (3)

N/A

29/06/2010

06/07/2010

5.29

1,800,000












Banamex (3)

N/A

29/06/2010

06/07/2010

5.29

2,400,000












Santander (3)

N/A

29/06/2010

06/07/2010

5.30

2,000,000





























OTHER

















TOTAL BANKS





6,200,000

0

0

0

0

0

3,444,782

1,875,060

3,527,663

1,569,330

549,460

359,790


















STOCK MARKET

















LISTED STOCK EXCHANGE

















UNSECURED DEBT


































Stock certificates (7)

N/A

04/09/2009

30/08/2012

6.31




5,000,000









Stock certificates (7)

N/A

04/12/2009

27/11/2014

6.46






5,000,000
























SECURED DEBT


































PRIVATE PLACEMENTS

















UNSECURED DEBT

















SECURED DEBT

















TOTAL STOCK EXCHANGE





0

0

0

5,000,000

0

5,000,000

0

0

0

0

0

0


















SUPPLIERS

















TOTAL SUPPLIERS


































OTHER LONG AND SHORT TERM LOANS WITH COST (S103) AND (S30)











OTHER LOANS WITH COST

N/A
















TOTAL OTHER LONG AND SHORT TERM LOANS WITH COST (S103) AND (S30)

0

0

0

0

0

0

0

0

0

0

0

0


















OTHER CURRENT LIABILITIES WITHOUT COST (S26)













OTHER LIABILITIES WITHOUT COST

N/A




8,230,027






14,173,187






TOTAL OTHER CURRENT LIABILITIES WITHOUT COST


8,230,027

0

0

0

0

0

14,173,187

0

0

0

0

0


















TOTAL





14,430,027

0

0

5,000,000

0

5,000,000

17,617,969

1,875,060

3,527,663

1,569,330

549,460

359,790



A.- Interest rates:

The credits breakdown is presented with an integrated rate as follows:

(1)      Libor 3 months plus margin

(2)      Libor 6 months plus margin

(3)      Fixed Rate

(4)      CDI Rate*

(5)      DTF Rate**

(6)      TJLP Rate***

(7)      TIIE****

 

B.- The following rates were considered:

- Libor at 3 months in US dollars is equivalent to 0.5339 at June 30, 2010

- Libor at 6 months in US dollars is equivalent to 0.7525 at June 30, 2010

- CDI rate*                                    is equivalent to 10.1200 at June 30, 2010

- DTF rate**                                 is equivalent to 3.5000 at June 30, 2010

- TJLP rate***                              is equivalent to 6.0000 at June 30, 2010

- TIIE rate***                               is equivalent to 4.9550 June 30, 2010

C.- The suppliers' Credits are reclasified to Bank Loans because in this document, Emisnet, Long-Term opening to Suppliers' does not exist.

D.- Liabilities in foreign currency were exchanged at the prevailing exchange rate at the end of the reporting period, which at June 30, 2010 were as follows:

CURRENCY

AMOUNT

E.R.

DOLLAR (USD)

581,437

12.6567

 

E.- Liabilities in other foreign currency are equivalent to Ps. 20,167,009 thousand Mexican pesos.

*Brazilian local rate

**Colombian leader rate

***Brazilian local rate



---

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

ANNEX 6

FOREIGN EXCHANGE MONETARY POSITION

(Thousands of Mexican Pesos)

Consolidated

Final printing

---



FOREIGN CURRENCY POSITION

DOLLARS


OTHER CURRENCIES

TOTAL


THOUSAND

DOLLARS

THOUSAND

PESOS

THOUSAND

DOLLARS

THOUSAND

PESOS

THOUSAND

PESOS

MONETARY ASSETS

183,508

2,322,607

2,396,151

30,327,363

32,649,970







LIABILITIES

1,089,044

13,783,712

1,956,258

24,759,772

38,543,484

SHORT-TERM LIABILITIES

788,610

9,981,210

1,463,936

18,528,603

28,509,813

LONG-TERM LIABILITIES

300,434

3,802,502

492,322

6,231,169

10,033,671







NET BALANCE

(905,536)

(11,461,105)

439,893

5,567,591

(5,893,514)



--- Assets and Liabilities in foreign currency were exchanged at the prevailing exchange rate at the end of the reporting period.

At the end of the quarter the exchange rates were as follows:


CURRENCY

E.R.

DOLLAR (USD)

12.6567

EURO

15.7841

Argentinian Peso

3.2205

Colombian Peso

0.0067

Chilean Peso

0.0239

Peruvian Sol

4.4771

Brazilian Real

7.0256




MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

ANNEX 7

CALCULATION AND RESULT FROM MONETARY POSITION

(Thousands of Mexican Pesos)

Consolidated

Final printing

---



Not applicable



---

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

ANNEX 8

DEBT INSTRUMENTS

Consolidated

Final printing

---


FINANCIAL LIMITED BASED IN ISSUED DEED AND/OR TITLE

Part of the long-term debt is subject to certain restrictive covenants with respect to maintaining certain financial ratios and the restriction of the sale of an important part of assets, among others.


Some financial instruments of Embratel are subject to anticipated maturity or repurchase at the option of the holders, if there is a change in control, as defined in the respective instruments. The definition of change of control varies form instrument to instrument; however, no change in control shall be considered to have occurred as long as long as Carso Global Telecom, S.A.B. de C.V. (Telmex Internacional's holding company) or its current stockholders continue to hold the majority of Embratel's voting shares.


CURRENT SITUATION OF FINANCIAL LIMITED

At June 30, 2010, the Company has complied with such restrictive covenants.



---

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

ANNEX 9

PLANTS, COMMERCIAL, DISTRIBUTION AND/OR SERVICE CENTERS

Consolidated

Final printing

---



PLANT OR CENTER

ECONOMIC ACTIVITY

PLANT CAPACITY

UTILIZATION
(%)

NOT AVAILABLE



---

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

ANNEX 10

RAW MATERIALS

Consolidated

Final printing

---



DOMESTIC

MAIN SUPPLIERS

IMPORT

MAIN SUPPLIERS

DOM.
SUBST.

PRODUCTION COST (%)

NOT AVAILABLE



---



MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

ANNEX 11a

SALES DISTRIBUTION BY PRODUCT

SALES

(Thousands of Mexican Pesos)

  Consolidated

Final printing

---



MAIN PRODUCTS

NET SALES


MARKET

PART.

(%)

MAIN



VOLUME

AMOUNT


TRADEMARKS

CUSTOMERS

DOMESTIC SALES






YELLOW PAGES

0

1,924,177




OTHERS

0

779,283




FOREIGN SALES






LOCAL SERVICE

0

8,493,774




LONG DISTANCE SERVICES

0

17,509,993




INTERCONNECTION

0

737,454




CORPORATE NETWORKS

0

10,957,691




INTERNET

0

4,633,806




TV DE CABLE

0

3,877,778




TOTAL


48,913,956






---

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

ANNEX 11b

SALES DISTRIBUTION BY PRODUCT

FOREIGN SALES

(Thousands of Mexican Pesos)

Consolidated

Final printing

---





MAIN PRODUCTS

NET SALES

DESTINATION

MAIN



VOLUME

AMOUNT


TRADEMARKS

CUSTOMERS

EXPORT






NET SETTLEMENT

0

0










FOREIGN SUBSIDIARIES






NET SETTLEMENT

0

0




LOCAL SERVICE

0

8,493,774




LONG DISTANCE SERVICE

0

17,509,993




INTERCONNECTION

0

737,454




CORPORATE NETWORKS

0

10,957,691




INTERNET

0

4,633,806




OTHERS

0

3,877,778




TOTAL


46,210,496






---

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

ANALYSIS OF PAID CAPITAL STOCK

Consolidated

Final printing

---



SERIES

NOMINAL

VALUE

VALID

COUPON

NUMBER OF SHARES



CAPITAL STOCK

(Thousand pesos)


VALUE


FIXED

PORTION

VARIABLE

PORTION

MEXICAN

PUBLIC

SUSCRIPTION

FIXED

VARIABLE

A

0.00818244

0

385,500,628

0

0

385,500,628

3,154

0

AA

0.00818244

0

8,114,596,082

0

8,114,596,082

0

66,397

0

L

0.00818244

0

9,508,474,450

0

0

9,508,474,450

77,803

0

TOTAL



18,008,571,160

0

8,114,596,082

9,893,975,078

147,354

0










TOTAL NUMBER OF SHARES REPRESENTING CAPITAL STOCK ON THE REPORTING DATE OF THE INFORMATION:

18,008,571,160











NOTES:









The nominal value per share is $0.0081824375 MXN










---

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

ANNEX 13

PROJECT INFORMATION

(Thousands of Mexican Pesos)

Consolidated

Final printing

---





ITEM

Thousand of Mexican Pesos





2th. Quarter 10

Apr-Jun

% of

Advance

Amount used

2010

Budget

2010

% of

Advance













LATINOAMERICA

1,419,973

15.2

2,531,091

9,360,243

27.0

EMBRATEL

2,799,541

26.4

4,581,653

10,595,491

43.2







TOTAL INVESTMENT TELMEX INTERNACIONAL

4,219,514

21.1

7,112,744

19,955,734

35.6



---

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

ANNEX 14

TRANSACTIONS IN FOREIGN CURRENCY AND EXCHANGE OF FINANCIAL STATEMENTS FROM FOREIGN OPERATIONS

Consolidated

Final printing

---

The financial statements of the subsidiaries and affiliates located abroad were translated into Mexican pesos, as follows:


As of 2008, the financial statements of subsidiaries and affiliates abroad are converted to conform to Mexican Financial Reporting Standards in the local currency, and subsequently translated into the reporting currency. Since none of the Company’s subsidiaries or affiliates operates in an inflationary environment, the financial statements prepared under Mexican Financial Reporting Standards reported by the subsidiaries and affiliates abroad in the local currency are translated as follows:  

i) all monetary assets and liabilities are translated at the prevailing exchange rate at year-end;

ii) all non-monetary assets and liabilities are translated at the prevailing exchange rate at the time of the related transactions;

iii) shareholders’ equity accounts are translated at the prevailing exchange rate at the time capital contributions were made and earnings were generated;

iv) revenues, costs and expenses are translated at historical exchange rates and the effects of non-monetary assets and liabilities on results of operations are translated at the historical exchange rates used to translate the assets and liabilities;

v) the difference resulting from the translation process is called Effect of translation of foreign entities and is included in shareholders’ equity as part of the caption Accumulated  other comprehensive income items; and

vi) the statement of cash flows was translated using the weighted average exchange rate and the difference is presented in the statement of cash flows under the caption Adjustment to cash flow for exchange differences.

Through December 31, 2007, the financial statements as reported by the foreign subsidiaries were converted to conform to Mexican Financial Reporting Standards in the local currency, and subsequently restated to constant values based on the inflation rate of the country in which the subsidiary operates.

Once the financial information of foreign subsidiaries and affiliates was expressed in each country’s currency in constant values as of December 31, 2007, the financial statements were translated into Mexican pesos as follows:

i) all assets and liabilities are translated at the prevailing exchange rate at year-end;

ii) shareholders’ equity accounts are translated at the prevailing exchange rate at the time capital contributions were made and earnings were generated;

iii) income statement amounts are translated at the prevailing exchange rate at the end of the year being reported on;

iv) exchange rate variances and effect of intercompany monetary items are recorded in the consolidated statements of income; and

v) the difference resulting from the translation process is called Effect of translation of foreign entities and is included in shareholders’ equity as part of the caption Accumulated other comprehensive income items.

Exchange rate variances and, through December 31, 2007, the effect of intercompany monetary items are recorded in the consolidated statements of income.

Exchange differences

Transactions in foreign currency are recorded at the prevailing exchange rate on the day of the related transaction. Foreign currency-denominated assets and liabilities are translated at the prevailing exchange rate at the balance sheet date. Exchange differences determined from such date to the time foreign-currency-denominated assets and liabilities are settled or translated at the balance sheet date are charged or credited to operations.


---

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

ANNEX 15

COMPLIANCE WITH THE REQUIREMENT ISSUED BY THE COMISION NACIONAL BANCARIA Y DE VALORES (BANKING AND SECURITIES COMMISSION )

Consolidated

Final printing

---

Complementary information to TELINT’s second quarter 2010 Report (ending on June 30, 2010) requested by Official Communications No. 151/13203/2008, dated November 25, 2008 No. 151-2/76211/2009 dated  January 20, 2009 No. 153/79180/2009 dated November 27, 2009 both  issued by the Comisión Nacional Bancarios y de Valores, (Banking and Securities Commission of Mexico).

The Comisión Nacional Bancaria y de Valores has requested to Telmex Internacional, S.A.B. de C.V. (TELINT or the Company) and, we understand that also to all other issuers registered in the Registro Nacional de Valores (National Securities Registry) and whose shares are listed on the Bolsa Mexicana de Valores, S.A.B. de C.V. , information related to the use of derivative instruments. Given the conditions of volatility in the markets and that the Comisión Nacional Bancaria y de Valores considers of particular importance that the investors are aware of the participation of public companies in transactions with derivative instruments either to increase their profitability or have specific hedges regarding any risk, the disclosure of additional and complementary information is required in accordance with this form. This complementary report is based on the specific requirements of the Comisión Nacional Bancaria y de Valores and is limited to meet such requirements without prejudging over its source or the need to disclose this information periodically, as long as there are no permanent rules from the Comisión Nacional Bancaria y de Valores .

Derivative Instruments

As explained in TELINT’s second quarter Report, at June 30, 2010, TELINT had a total debt equivalent to 27,526 million Mexican pesos, of which 7,359 million were denominated in US dollars and 20,167 million were denominated in local currencies belonging to the different countries in which the Company operates in South America as well as Mexico. The Company had a net position in hedges of 293 million US dollars implemented through derivative instruments exclusively related to its Brazilian operations.

These transactions have been carried out based on the Company’s policies, strategies and guidelines that are explained below.

I. Qualitative and quantitative Information


i. Policies for using of derivative instruments

Objective to enter into derivative transactions and selected instruments

(a)    With the purpose of reducing the risks related to the variations of exchange rate and interest rate, the Company through its various subsidiaries uses derivative instruments, mainly Cross Currency Swaps .

Hedge strategies  

When the market conditions are favorable, the Company’s Management determines the amounts and objective parameters to be considered in the hedging agreements. This strategy seeks to reduce the risk exposure of abnormal fluctuations in the market of the main variables that affect our debt, in particular short term debt, while maintaining a solid and healthy financial structure.

Trading markets and eligible counterparts

The financial institutions and counterparts with which the Company’s subsidiaries enter into such derivative instruments are considered to have a proven reputation and solvency in the market, which allows us to balance our risk positions with the counterparts. Counterparts are local banks in the countries where the Company operates, as well as international banks which are rated at least A by Fitch, A2 by Moody´s and A by Standard & Poor´s.

 Also, the Company’s subsidiaries only uses derivative instruments that are of common use in the markets, and therefore, can be quoted by two or more financial institutions to assure the best conditions in the negotiation.

Policies for the appointment of calculation and valuation agents

            Given that the Company’s subsidiaries use derivative instruments of common use in the market, prices of future contracts are observed in the market in order to compare them with the ones provided by financial institutions and the ones that prevail in the market.

Main terms and conditions of the agreements

It is a practice of the Company and its subsidiaries that the amount, date and interest rate conditions of the debt to be hedged, if possible, have to coincide with the terms of the hedges, that is usual for this type of transactions in the different markets where it operates. All the transactions with derivative instruments have been executed in Brazil under a master agreement designed by CETIP (“Balcăo Organizado de Ativos e Derivados”) standardized and duly executed by the legal representatives of the Company’s Brazilian subsidiaries and the financial institutions.

Margin policies, collateral and lines of credit

            The Company or its subsidiaries have no contractual obligations related to the purchase and use of derivative instruments which will cause it to provision for any type of collateral in case of margin calls.

Processes of levels of authorization required by type of negotiation

            Some subsidiaries which include the ones in Brazil maintain the Company’s total hedge position through derivative instruments. Various entities inside each subsidiary discuss hedging strategies against financial risk. The Treasury departments of the subsidiaries are in charge of its implementation with close coordination with the Corporate Treasury department of the Company. The supervision of the transactions is left to the Company’s Chief Financial Officer.

            In the previously mentioned subsidiaries, derivative contracts that exceed 50 million R$ (28 million US dollars) must be approved by the Board of Directors. The control of these contracts is performed under the supervision of the Company and internal auditors.

Existence of a independent third party that reviews such processes

In order to comply with reporting financial standards, the measurement of the effectiveness of the derivative instruments are discussed with the external auditors that validate the correct accounting application of their effect in the income statement and the balance sheet.

  Generic description of the valuation techniques

As previously discussed, derivative instruments are carried out by the Company through its subsidiaries, primarily for the purpose of hedging financial risk. The measurement of the effectiveness of the hedges is made in a prospective and retrospective manner. For the prospective valuation, we use statistic techniques that allow us to measure in what proportion the change in the value of the hedged debt (primary position) is compensated by the change in the value of the derivative instrument. The retrospective valuation is made by comparing the historic results of the debt flows with the flows of the respective hedges.


The Company and its subsidiaries use certain tools in order to evaluate market risk (VAR, Stress Test). 

ii. Internal and external liquidity sources to meet the requirements related to derivative instruments

It is estimated that the Company’s and the subsidiaries’ cash generation capabilities have been sufficient to service the debt and the derivative instruments used to hedge financial risks associated with such debt.

iii. Changes in the exposure to the main identified risks and its management

The identified risks are those related to the variations of the exchange rate and interest rate. Given the direct relationship between the hedged debt and the derivative instruments and that they do not have any variables that could affect or terminate the hedge in advance, the Company does not foresee any risk that such hedges could differ from the original purpose for which the hedges were established.

For the second quarter of 2010, we have recognized an accumulated net loss of 55 million Mexican pesos as a result of foreign exchange rate hedges.

            To date, there has not been any breach in the terms and conditions of the respective agreements.

iv. Quantitative information

See TABLE 1 attached.

II. SENSITIVITY ANALYSIS

In the case of the Company, the sensitivity analysis does not apply for the derivative instruments, since hey are carried out for hedging purposes.



TABLE I

Summary of Derivative Instruments

In thousands, June 30 2010

Derivative

Type

Purpose of

hedge

Notional Amount

Underlying Asset Value

Reference Variable

Reasonable Value

Amount of

Maturities

per year

Colateral/

Lines of credit

Quarter

Current

Quarter

Previous

Quarter

Current

Quarter

Previous

Quarter

Current

Quarter

Previous


Exchange rate hedges

(principal & interest)


Cross Currency Swap

Hedge

USD x CDI

USD

292,588

USD

497,716

CDI

10.13%

Exchange rate

7.0256

CDI

8.59%

Exchange rate

6.9983

MXN

(443,010)

MXN

(746,711)

7,1 mounths

N/A


Cross Currency Swap

Hedge

CDI x USD

USD

-

USD

-

Exchange rate

7.0256

CDI

10.13%

Exchange rate

6.9983

CDI

8.59%

MXN

-

MXN

-

-

N/A


Total


292,588

497,716



(443,010)

(746,711)





---

 

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

GENERAL INFORMATION

Consolidated

Final printing

---

ISSUER GENERAL INFORMATION

COMPANY:

ADDRESS:

ZIP:

CITY:

TELEPHONE:

FAX:

E-MAIL:

INTERNET PAGE:

TELMEX INTERNACIONAL, S.A.B. DE C.V.

INSURGENTES SUR 3500, COL. PEÑA POBRE

14060

MEXICO, D.F.

52 23 32 00

52 44 03 67



www.telmexinternacional.com



ISSUER FISCAL INFORMATION

TAX PAYER FEDERAL ID: FISCAL ADDRESS:

ZIP:

CITY:

TIN 071226KDA

INSURGENTES SUR 3500, COL. PEÑA POBRE

14060

MEXICO, D.F.

OFFICERS INFORMATION

POSITION BMV:

POSITION:

NAME:

ADDRESS:

ZIP:

CITY:

TELEPHONE:

FAX:

E-MAIL:

CHAIRMAN OF THE BOARD

CHAIRMAN OF THE BOARD

CARLOS SLIM DOMIT

PASEO DE LAS PALMAS No. 736 COL. LOMAS DE CHAPULTEPEC

11000

MEXICO, D.F.

53 25 98 03

 

slimc@sanborns.com.mx

POSITION BMV:

POSITION:

NAME:

ADDRESS:

ZIP:

CITY:

TELEPHONE:

FAX:

E-MAIL:

CHIEF EXECUTIVE OFFICER

CHIEF EXECUTIVE OFFICER

C.P. OSCAR VON HAUSKE SOLÍS

INSURGENTES SUR 3500, 2 nd FLOOR, OFFICE 2461 COL. PEÑA POBRE

14060

MEXICO, D.F.

52 23 81 52

 

ovonhaus@telmex.com

POSITION BMV:

POSITION:

NAME:

ADDRESS:

ZIP:

CITY:

TELEPHONE:

FAX:

E-MAIL:

CHIEF FINANCIAL OFFICER

CHIEF FINANCIAL OFFICER

ACT. GONZALO LIRA CORIA

INSURGENTES SUR 3500, 2 nd FLOOR, OFFICE 2451 COL. PEÑA POBRE

14060

MEXICO, D.F.

52 23 30 13

 

glcoria@telmex.com

POSITION BMV:

POSITION:

NAME:

ADDRESS:

ZIP:

CITY:

TELEPHONE:

FAX:

E-MAIL:

DISTRIBUTION OF CORPORATE INFORMATION DELEGATE

COMPTROLLER

LIC. GABRIEL JUAREZ LOZANO

INSURGENTES SUR 3500 COL. PEÑA POBRE

14060

MEXICO, D.F.

52 22 81 20

 

gjuarez@telmex.com

POSITION BMV:

POSITION:

NAME:

ADDRESS:

ZIP:

CITY:

TELEPHONE:

FAX:

E-MAIL:

DISTRIBUTION OF BUYBACK INFORMATION DELEGATE

SHAREHOLDER SERVICES MANAGER

LIC. MIGUEL ANGEL PINEDA CATALAN

PARQUE VIA 198 2 ND FLOOR OFFICE 202, COL. CUAUHTEMOC

06599

MEXICO, D.F.

52 22 53 22

55 46 21 11

mpineda@telmex.com

POSITION BMV:

POSITION:

NAME:

ADDRESS:

ZIP:

CITY:

TELEPHONE:

FAX:

E-MAIL:

IN-HOUSE LEGAL COUNSEL

LEGAL DIRECTOR

LIC. EDUARDO ALVAREZ RAMIREZ DE ARELLANO

INSURGENTES SUR 3500 COL. PEÑA POBRE

14060

MEXICO, D.F.

52 23 32 00

 

eara@telmex.com

POSITION BMV:

POSITION:

NAME:

ADDRESS:

ZIP:

CITY:

TELEPHONE:

FAX:

E-MAIL:

DISTRIBUTION OF FINANCIAL INFORMATION DELEGATE

COMPTROLLER

LIC. GABRIEL JUAREZ LOZANO

INSURGENTES SUR 3500 COL. PEÑA POBRE

14060

MEXICO, D.F.

52 22 81 20

 

gjuarez@telmex.com

POSITION BMV:

POSITION:

NAME:

ADDRESS:

ZIP:

CITY:

TELEPHONE:

FAX:

E-MAIL:

DISTRIBUTION OF MATERIAL FACTS DELEGATE

SHAREHOLDER SERVICES MANAGER

LIC. MIGUEL ANGEL PINEDA CATALAN

PARQUE VIA 198 2 ND FLOOR OFFICE 202, COL. CUAUHTEMOC

06599

MEXICO, D.F.

52 22 53 22

55 46 21 11

mpineda@telmex.com

POSITION BMV:

POSITION:

NAME:

ADDRESS:

ZIP:

CITY:

TELEPHONE:

FAX:

E-MAIL:

INVESTOR INFORMATION RESPONSIBLE

INVESTORS RELATIONS SUPERVISOR

LIC. JUAN ANTONIO PEREZ SIMON GONZALEZ

INSURGENTES SUR 3500 COL. PEÑA POBRE

14060

MEXICO, D.F.

55 35 27 90

 

japsgonz@telmex.com

POSITION BMV:

POSITION:

NAME:

ADDRESS:

ZIP:

CITY:

TELEPHONE:

FAX:

E-MAIL:

SECRETARY OF THE BOARD OF DIRECTORS

SECRETARY OF THE BOARD OF DIRECTORS

LIC. EDUARDO AL VAREZ RAMIREZ DE ARELLANO

PASEO DE LAS PALMAS 736 COL. LOMAS DE CHAPULTEPEC

11000

MEXICO, D.F.

52 23 32 00

 

rzepedar@inbursa.com

POSITION BMV:

POSITION:

NAME:

ADDRESS:

ZIP:

CITY:

TELEPHONE:

FAX:

E-MAIL:

PAYMENT RESPOSIBLE

CONTROLLER

LIC. GABRIEL JUAREZ LOZANO

INSURGENTES SUR 3500 COL. PEÑA POBRE

14060

MEXICO, D.F.

52 22 81 20

 

gjuarez@telmex.com

POSITION BMV:

POSITION:

NAME:

ADDRESS:

ZIP:

CITY:

TELEPHONE:

FAX:

E-MAIL:

FIDUCIARY DELEGATE

 

POSITION BMV:

POSITION:

NAME:

ADDRESS:

ZIP:

CITY:

TELEPHONE:

FAX:

E-MAIL:

OTHER

 

 

---

MEXICAN STOCK EXCHANGE

Index

SIFIC/ICS

STOCK EXCHANGE CODE: TELINT QUARTER: 2 YEAR: 2010

TELMEX INTERNACIONAL, S.A.B. DE C.V.

BOARD OF DIRECTORS

Consolidated

Final printing

---

POSITION

NAME

CHAIRMAN OF THE BOARD

LIC.

CARLOS

SLIM

DOMIT

BOARD PROPIETORS (INDEPENDENT)

SRA.

LAURA

DIEZ BARROSO

DE LAVIADA

BOARD PROPIETORS

LIC.

ARTURO

ELIAS

AYUB

BOARD PROPIETORS (INDEPENDENT)

MBA.

ROBERTO

KRIETE

AVILA

BOARD PROPIETORS (INDEPENDENT)

C.P.

FRANCISCO

MEDINA

CHAVEZ

BOARD PROPIETORS

ING.

FERNANDO

SOLANA

MORALES

BOARD PROPIETORS (INDEPENDENT)

C.P.

ANTONIO

DEL VALLE

RUIZ

BOARD PROPIETORS

C.P.

OSCAR

VON HAUSKE

SOLIS

BOARD PROPIETORS (INDEPENDENT)

SR.

MICHAEL

BOWLING

BOARD PROPIETORS (INDEPENDENT)

SR.

RAYFORD

WILKINS, JR

BOARD PROPIETORS (INDEPENDENT)

SR.

LOUIS

C. CAMILLERI

SECRETARY OF THE BOARD OF DIRECTORS

LIC.

EDUARDO

ALVAREZ

RAMIREZ DE ARELLANO

 

---

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: July 23, 2010 .

TELMEX INTERNACIONAL, S.A.B. DE C.V.

By: __________________          

Name: Oscar Von Hauske Solís
Title: Chief Executive Officer

 

Ref: Telmex Internacional, S.A.B. de C.V. Second Quarter 2010.

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