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Telecom Carlos Slim

  • Carlos Slim teams up with the Chinese to get around Trump

    Mexican billionaire Carlos Slim and his Giant Motors are set to start manufacturing cars in Mexico to sell to Latin America.

  • Carlos Slim

    The joint venture is an opportunity to cash in on Mexico's booming domestic car market, Financial Times reports.

  • MEXICO CITY, March 16- Antitrust measures announced last week that would split up Carlos Slim's America Movil and open its fixed line network to competition may help Mexico's dominant telecommunications provider reduce labor costs, according to a labor union spokesman. Paula Garcia, spokeswoman for America Movil, declined to comment on whether the...

  • MEXICO CITY, March 9- Shares of billionaire Carlos Slim's America Movil slumped on Thursday after regulators ratcheted up antitrust measures aimed at breaking Slim's hold on Mexican telecoms, adding uncertainty to the outlook for his principal cash cow. America Movil was the cornerstone of Slim's rise to top the global rich list for several years, but a...

  • MEXICO CITY, March 8- Billionaire Carlos Slim's America Movil said on Wednesday that the Mexican telecommunications regulator had stepped up antitrust rules against the company, including ordering it to separate out part of its fixed-line infrastructure. America Movil, controlled by the family of Slim, has been subject to tougher regulations since 2014 as...

  • MEXICO CITY, March 8- Billionaire Carlos Slim's America Movil said on Wednesday that the Mexican telecommunications regulator had stepped up antitrust rules against the company, including ordering it to separate out part of its fixed-line infrastructure. America Movil, controlled by the family of Slim, has been subject to tougher regulations since 2014 as...

  • MEXICO CITY, March 8- Billionaire Carlos Slim's America Movil said on Wednesday that the Mexican telecommunications regulator had stepped up antitrust rules against the company, including ordering it to separate out part of its fixed-line infrastructure. America Movil is controlled by the family of Slim, one of the world's richest men.

  • America Movil fixed unit- sources@. MEXICO CITY, Feb 28- Mexico's telecoms regulator has discussed forcing billionaire Carlos Slim to legally separate part of his fixed-line company Telmex from the rest of the company, three people familiar with the matter said. On Monday evening, the IFT's seven-person board voted on whether to toughen, maintain or loosen rules...

  • MEXICO CITY, Feb 28- Mexico's telecoms regulator has discussed forcing billionaire Carlos Slim to legally separate his fixed-line company Telmex from his mobile business, people familiar with the matter said, a move that would intensify antitrust rules against the company. Late on Monday, the regulator's seven-person board voted on whether to toughen,...

  • MEXICO CITY, Feb 28- Mexico's telecoms regulator has discussed forcing billionaire Carlos Slim to legally separate his fixed-line company Telmex from his wireless business, three people familiar with the matter said. On Monday evening, the IFT's seven-person board voted on whether to toughen, maintain or loosen rules for America Movil and broadcaster Grupo...

  • SAO PAULO, Feb 3- Latin American currencies strengthened on Friday after U.S. wages remained nearly flat in January, reducing expectations of a fast interest rate-hike cycle in the coming months. Wages rose just three cents last month despite the largest gain in U.S. nonfarm payrolls in four months, a report showed. However, shares in mogul Carlos Slim's America...

  • MEXICO CITY, Feb 2- Mexico's America Movil suffered its largest loss in 15 years in the fourth quarter, as higher financial costs dragged on the giant telecoms company amid shrinking margins at home. Latin America's biggest telecoms firm, which is controlled by the family of billionaire Carlos Slim, said the 5.972 billion peso net loss compared with a net profit...

  • MEXICO CITY, Feb 2- Mexico's America Movil on Thursday swung to an almost 6 billion peso net loss in the fourth quarter, as higher financial and sales costs dragged the giant telecoms company to post its second loss in 15 years. Latin America's biggest telecoms firm, which is controlled by the family of Mexican billionaire Carlos Slim, said the 5.972 billion peso...

  • Mexico's Giant Motors and China's Anhui Jianghuai Automobile, along with distributor Chori Company Limited, will invest more than 4.4 billion pesos in an existing plant to build SUVs in the central state of Hidalgo, state governor Omar Fayad told a news conference. The outlook for Mexico's car industry has been racked by uncertainty since the election of...

  • People protest against US President Donald Trump's in Mexico City

    The boycott spans US restaurants, coffeeshops, stores and products, Buzzfeed reports.

  • VIENNA, Jan 30- Telekom Austria, a unit of Mexican tycoon Carlos Slim's America Movil, confirmed a fall in its full-year core profit, largely due to tough price competition which it expects to persist in 2017.. Telekom Austria, which Carlos Slim sees as a base for further expansion into central and eastern Europe, expects a similar impact this year.

  • Bill Gates the 2015 CGI Annual Meeting in New York.

    The graphic helps visualize the extreme level of inequality in the world today.

  • MEXICO CITY, Jan 27- Billionaire Carlos Slim said on Friday that Mexico should not fear Donald Trump, seeing opportunities for his country in the U.S. president's economic policies, and praising Mexicans for uniting behind their government in talks with the northern neighbor. In a rare news conference, the telecommunications and construction mogul called...

  • The statement came after disparate social media campaigns directed at U.S. companies based in Mexico gained traction, following U.S. President Donald Trump's order to build a border wall along the country's southern border and promise to make Mexico pay for it. In a statement, Starbucks said its Mexican operator Alsea has some 560 stores across Mexico,...

  • The statement came after disparate social media campaigns directed at U.S. companies based in Mexico gained traction, following U.S. President Donald Trump's order to build a border wall along the country's southern border and promise to make Mexico pay for it. In a statement, Starbucks said its Mexican operator Alsea has some 560 stores across Mexico,...