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Mexico's primary provider of fixed-line phone service, Telmex, is prepared to introduce Internet-based television and is waiting for the government's approval to launch the service.

Telmex, controlled by Carlos Slim, one the world's wealthiest men has seen profits and ad revenue decline in the last several quarter's, due to increased competition from cell phone and cable providers.

To offer IPTV,

Other companies including Cablevision, a division of broadcaster Televisa, currently offers triple-play to its customer in the Mexico City area.

Telmex said the number of lines in service dropped three percent year-over-year, to 17.7 million lines in operation at the end of June.

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