Telecom Carlos Slim

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  • MEXICO CITY, Feb 9- Mexico's peso fell to a record low on Tuesday and Colombia's peso sank as a sharp drop in oil prices and growing fears of a global slowdown pushed investors to safe-haven currencies like the Japanese yen. Mexico's peso shed more than 0.7 percent, paring losses slightly after tumbling to a record low of 18.9350 per dollar, while Colombia's peso...

  • MADRID, Feb 4- Mexican billionaire Carlos Slim is set to launch a full takeover bid for Spanish building and infrastructures firm FCC after a planned rights issue due to be approved soon, a source familiar with the matter said. Slim's holding company Inversora Carso group, is currently FCC's main shareholder with a 27.43 percent stake, closely followed by Esther...

  • *Looks to curb dominance of Carlos Slim's America Movil network. The project, which was meant to be launched by 2014, is part of a sweeping telecoms reform aimed at curbing the dominance of Carlos Slim's America Movil and improving Mexicos low levels of cell phone penetration and network coverage. However, in a move unlikely to please operators America Movil,...

  • MEXICO CITY, Jan 28- Mexico will on Friday launch a long-delayed tender for one of the largest infrastructure projects under President Enrique Pena Nieto, a wholesale telecoms network that will cover most of the country. The project, which was meant to be launched by 2014, is part of a sweeping telecoms reform aimed at curbing the dominance of Carlos Slim's...

  • MEXICO CITY, Dec 3- Mexican billionaire Carlos Slim said on Thursday he will not give away his family's shares to charity like Facebook founder Mark Zuckerberg. Earlier this week, Zuckerberg announced he would donate 99 percent of his Facebook shares, currently worth about $45 billion, to a new philanthropic project he will run with his wife.

  • Slim's America Movil loses top spot on Mexico index Monday, 30 Nov 2015 | 9:35 PM ET

    MEXICO CITY, Nov 30- Billionaire Carlos Slim's telecommunications giant America Movil is set to be knocked off its perch as the top-weighted company on Mexico's benchmark stock index, after a quarterly rebalancing that takes effect on Tuesday. The firm reported its first quarterly loss in 14 years last month due to a sharp depreciation in Latin America's...

  • MEXICO CITY, Nov 11- Carlos Slim's brother interrogated leftist rebels for Mexico's intelligence agency while his eldest son often hands out a biographical novel about Leon Trotsky as a gift, according to a new book on the tycoon who was long the world's richest man. The youngest, deeply Catholic Patrick, part-financed a film about the 1920 s Cristero War, which...

  • BARCELONA, Nov 11- Spain's Telefonica is committed to staying in the Mexican market and sees its subsidiary there as an attractive candidate for a share market flotation, the group's finance chief said on Wednesday. Telefonica has a market share of about 20 per cent in Mexico but has long trailed billionaire Carlos Slim's America Movil which has around 70...

  • MEXICO CITY, Nov 9- Mexico's telecommunications regulator on Monday fined a unit of Spain's Telefonica a record 410.9 million Mexican pesos for not complying with quality controls. The Federal Telecommunications Institute said the fine was imposed in response to the high number of dropped calls by Pegaso, owned by Mexico's No. 2 wireless operator Telefonica,...

  • MEXICO CITY, Nov 6- Mexican phone company Telmex said on Friday it has knowledge of a supreme court decision that denies its request for an injunction on a 638.1 million peso anti-trust penalty from 2013, the company said in a statement. Telmex, the fixed-line phone company controlled by billionaire Carlos Slim, said it has yet to be formally notified of the...

  • MERIDA, Mexico, Nov 6- After standing by Communist Cuba in its years of international isolation, Mexico welcomed Cuban President Raul Castro on Friday as it seeks to turn Havana's thawing relations with the United States into a major business opportunity on the island. Following Pena Nieto's words closely, Castro praised Mexico for its solidarity during the...

  • For the first time since Washington and Havana announced a historic rapprochement last December, Cuban President Raul Castro will on Friday visit Mexico, a country eager to stake its claim as Cuba's principal bridge to Latin America. Castro will meet his Mexican counterpart President Enrique Pena Nieto in the picturesque colonial-era city of Merida just a...

  • MEXICO CITY, Oct 20- Mexico's America Movil faces tough challenges across all its biggest markets with weak Latin American currencies, tougher regulation and new competition contributing to its first quarterly loss in almost 14 years. It also stepped up its rhetoric against regulations in Mexico. A 45 billion peso foreign exchange loss from tumbling Latin...

  • MEXICO CITY, Oct 20- Mexican global telecommunications company America Movil said on Tuesday that it plans to cut capital expenditures and renegotiate with suppliers after it posted its first quarterly loss in almost 14 years. Grappling with tougher regulation at home and recession in Brazil, America Movil on Monday posted a surprise 2.884 billion peso loss...

  • MEXICO CITY, Oct 20- Mexican billionaire Carlos Slim's America Movil fell sharply in early Tuesday trading after the global telecommunications company reported its first quarterly loss in almost 14 years. Grappling with tougher regulation at home and recession in Brazil, America Movil on Monday posted a surprise 2.884 billion peso loss in the third quarter,...

  • MEXICO CITY, Oct 19- Mexican billionaire Carlos Slim's America Movil on Monday reported its first quarterly loss in almost 14 years as a sharp depreciation in Latin American currencies battered the region's biggest pay TV and wireless company. Grappling with tougher regulation at home and recession in Brazil, America Movil posted a surprise 2.884 billion...

  • The move will require Telmex, owned by Slim's America Movil, to modify the terms and conditions under which it will let other companies use part of its vast fixed line infrastructure. Since declaring America Movil dominant last year, the IFT has been introducing stricter measures designed to boost access to a sector seen as less competitive than Mexico's peers.

  • MEXICO CITY, Oct 1- Mexican industrial conglomerate Alfa said on Thursday it would buy a majority stake in telecoms company Axtel in order to better rival Carlos Slim's America Movil, which dominates Mexico's fixed-line phone market. Axtel will remain traded on Mexico's stock exchange, the two firms said in a joint statement. The merger follows a sweeping...

  • MEXICO CITY, Oct 1- Mexican telecommunications firms Alestra, a unit of industrial conglomerate Alfa, and Axtel announced they would merge on Thursday to better rival Carlos Slim's America Movil, which dominates the fixed-line market. Alfa will own 51 percent of the new company once new shares are issued, while Axtel will remain traded on Mexico's stock...

  • BRASILIA, Sept 18- Brazil will boost its Internet communications to reduce dependence on U.S. hubs and be able to host global data centers for heavy users like YouTube and Netflix Inc, Jorge Bittar, head of state-run telecoms company Telebras, said in an interview. At present, all submarine fiber-optic cables connect Brazil to the Internet through the United...