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 April 2007

Commission File Number: 333-13580

Telefonos de Mexico, S.A. de C.V. (Exact Name of the Registrant as Specified in the Charter)

Telephones of Mexico (Translation of Registrant's Name into English)

Parque Vía 190 Colonia Cuauhtemoc Mexico City 06599, Mexico, 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 continues to evaluate the acquisition of an interest in Olimpia

Mexico City, April 16, 2007. Teléfonos de México, S.A.B. de C.V. ("TELMEX") (BMV: TELMEX; NYSE: TMX; NASDAQ: TFONY, LATIBEX: XTMXL) announced today that after the withdrawal by U.S. telecommunications company AT&T from its exclusive negotiations with Pirelli & C. S.p.A. ("Pirelli") for the potential acquisition of an interest in Olimpia S.p.A. ("Olimpia"), it will continue, in conjunction with América Móvil, S.A.B. de C.V. ("AMÉRICA MÓVIL"), considering different alternatives for a potential investment in Olimpia.

Olimpia is the largest shareholder of Telecom Italia S.p.A., Italy's leading telecommunications provider with a significant international presence in Europe and South America. The Telecom Italia Group supplies over 32.4 million mobile lines, around 24 million landlines and 6.8 million broadband connections.

TELMEX is the leading Telecommunications Company in Mexico. TELMEX and its subsidiaries provide a wide range of telecommunications services, data and video transmission and Internet access, as well as integrated telecommunications solutions to its corporate customers. Additionally, it offers telecommunications services through its international subsidiaries in Argentina, Brazil, Chile, Colombia and Peru. More information about TELMEX can be accessed on the Internet at www.telmex.com.

 

 

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: April 16, 2007.

TELEFONOS DE MEXICO, S.A.B. DE C.V. By: /s/__________________           Name: Adolfo Cerezo Perez Title: Chief Financial Officer

Ref: Telefonos de Mexico, S.A. de C.V. - TELMEX continues to evaluate the acquisition of an interest in Olimpia