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Telecom Carlos Slim

  • May 26- Billionaire Carlos Slim is looking to sell a minority stake in Telesites SAB de CV, the Mexican wireless tower company that he controls, people familiar with the matter said on Friday. It competes with American Tower Corporation in Mexico. "We see little progress in third-party usage of Telesites' towers," Itau BBA analyst Gregorio Tomassi said in a May 3...

  • MEXICO CITY, May 25- Giant Motors, an automaker partially owned by Mexican billionaire Carlos Slim, is working on a prototype electric taxi to replace the gas-guzzling cabs polluting Mexico City's air, a company executive said. Over the last few years Giant Motors and Moldex have developed and sold 500 light-weight, electric cargo trucks capable of handling up...

  • MEXICO CITY, May 16- Top Mexican miners Grupo Mexico, Penoles, Fresnillo and billionaire Carlos Slim's Frisco together owe nearly $180 million in mining royalties to Mexico for 2015, according to preliminary government figures seen by Reuters. The documents, which are part of an industry-wide review for tax compliance led by Mexico's tax authority, estimate...

  • MEXICO CITY, April 26- Mexican telecoms company America Movil has submitted its proposal for separating a part of its fixed-line unit Telmex from the rest of the company, and expects approval in coming months, a company executive said Wednesday. The Federal Telecommunications Institute on March 8 gave America Movil 65 working days to propose a plan for the...

  • MEXICO CITY, April 25- Mexican billionaire Carlos Slim's telecoms company America Movil posted a sevenfold increase in first-quarter net profit on Tuesday, beating analyst expectations as the peso appreciated against the dollar and euro. America Movil said revenue was 264.16 billion pesos for the quarter, up from 222.99 billion pesos in the same...

  • MEXICO CITY, April 25- Mexican billionaire Carlos Slim's telecoms company America Movil posted a sevenfold increase in first-quarter net profit on Tuesday on the back of foreign exchange gains as the peso appreciated against the dollar and euro. Quarterly net profit at Latin America's biggest telecom company jumped to 35.85 billion pesos, up from 4.798...

  • MEXICO CITY, April 20- Mexican broadcaster Televisa said on Thursday it had signed a deal with Spanish telecoms giant Telefonica that would give the mobile operator's customers cheaper access to the broadcaster's content carried on its digital platform Blim. The deal allows Grupo Televisa SA to compete with Carlos Slim's telecoms firm America Movil SAB de...

  • Great Wall Motor, which describes itself as China's largest SUV and pickup manufacturer, is interested in building a plant in Nuevo Leon in northern Mexico or the central state of San Luis Potosi, three people familiar with the matter said. Under pressure from Trump to keep jobs in the United States, Ford Motor Co in January canceled a $1.6 billion plant in San Luis...

  • 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...