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Short Take: Sprint, Telmex dissolve partnership

Sprint and Telefonos de Mexico have agreed to dissolve their joint telephone venture focusing on U.S.-Mexico cross-border phone traffic. Telmex will buy out Sprint's share of the operation, the companies said. The joint venture had run into some regulatory concerns with the Federal Communications Commission in recent months.

Sprint and Telefonos de Mexico have agreed to dissolve their joint telephone venture focusing on U.S.-Mexico cross-border phone traffic. Telmex will buy out Sprint's share of the operation, the companies said. The joint venture had run into some regulatory concerns with the Federal Communications Commission in recent months.