TELECOMMUNICATIONS

Mexican Telephone Rates Will Rise: Telefonos de Mexico will raise its rates for telephone services by 5% starting today, the official news agency Notimex reported. The fee hike will be the only one this year, according to the Notimex report. Upbeat expectations for the telephone company’s future propelled its stock 2% upward late last week, a jump that helped push the Mexican Bolsa’s key stock index to an all-time high. The telephone company, known as Telmex, said the rate increase conforms with Mexican government regulations and with the official inflation goal of 5% in 1994.