International Business

Sprint, Telmex in Alliance: Sprint Corp. and Telefonos de Mexico said they will jointly provide voice, data and video services between Mexico and the United States. The companies signed a definitive agreement, first announced in December, to form a strategic alliance that provides for joint technology transfer, cross-border marketing, and intellectual property and trademark licensing. No financial details were announced, although Sprint executives have said the deal will not involve large investments by either company. The alliance better positions Mexico’s No. 1 telecommunications company to compete when it loses its long-distance monopoly on Jan. 1, 1997.