The backlash against Donald Trump's comments about Mexican immigrants to the U.S. continues to grow.» Read More
MEXICO CITY, March 18- Mexican telecommunications company Axtel will become the first virtual operator on billionaire Carlos Slim's mobile network, Axtel said in a statement on Wednesday. The arrangement came about as part of talks that ended a long-standing dispute about interconnection charges between Axtel and Slim's America Movil.
In an interview, Vazquez Aldir acknowledged the threat posed to free-to-air TV by new technologies including Netflix, and said the company might at some point follow in the footsteps of Televisa, by looking to move into the more lucrative telecoms market. Vazquez Aldir said he had not spoken with Slim or any other telecom companies. Grupo Imagen expects to...
March 2- Bill Gates topped Forbes magazine's annual list of the world's richest people, released on Monday, with Mexican telecommunications tycoon Carlos Slim Helu in second place. 6 Charles Koch $42.9 bln Up Diversified U.S. 6 David Koch $42.9 bln Up Diversified U.S. 8 Christy Walton $41.7 bln Up Wal-Mart Stores Inc U.S. 11 Alice Walton $39.4 bln Up Wal-Mart U.S. 12...
LONDON/ PARIS, Feb 25- Lazard banker Vincent Le Stradic recently took a break from his job advising Europe's top telecoms companies on deals to help little-known French start-up Sigfox raise 100 million euros. Not many of his peers would spend months working on a relatively small transaction when big fees were there for the taking from industry leaders such as...
MEXICO CITY, Feb 17- Mexican billionaire Carlos Slim and his family reduced their exposure to Argentine energy company YPF last year, selling just over 10 million shares, according to a filing with the U.S. Securities and Exchange Commission on Tuesday. The businessman, his family and their companies now directly and indirectly hold 22,070,000 YPF shares,...
MEXICO CITY, Feb 11- America Movil's planned spinoff of cellphone towers in Mexico into a new company is at an advanced stage and should be up and running by May or June of this year, Chief Executive Daniel Hajj said on Wednesday. Hajj added that America Movil, Latin America's biggest telecommunications company, was discussing with Mexico's telecoms regulator...
VIENNA, Feb 11- Telekom Austria has room for acquisitions in a three-digit million euro range, Chief Executive Hannes Ametsreiter said on Wednesday, adding there was no specific project in the pipeline. Mexican billionaire Slim has said he wants to use it as a base for further expansion into central and eastern Europe, where Telekom Austria already has...
Warren Buffett has moved ahead of Mexico's Carlos Slim on the Forbes ranking of billionaires, thanks to big gains for Berkshire shares.
A small group of elite investors are behind Uber's latest fundraising effort and believe the company is set for a massive IPO.
America Movil is looking to sell assets for up to $20 billion, reports CNBC's Michelle Caruso-Cabrera
Turned a raft of industrial acquisitions and the sale of the state telephony monopoly into a business empire that touches most aspects of Mexican life.
Income inequality is growing and the rich keep getting richer. In 25 years a serial entrepreneur with grand visions may cross the wealth threshold.
One ranks among the greatest wealth creators of all time. The other has made investing during crisis an art form. Who has mattered more?
CNBC's Sara Eisen and Dominic Chu take a look at two of the world's richest men, the legendary "Oracle of Omaha," Warren Buffett and Mexican mega billionaire, Carlos Slim.
Eike Batista's OGX—the cornerstone of his short-lived mining, energy and shipping empire—is expected to file for bankruptcy as early as this weekend.
Bidding for a struggling Dutch telecoms group may seem an odd move for a Mexican billionaire, but Carlos Slim could be placing a long-term bet on an improvement in the European economic climate and in Germany in particular.
Robin Bienenstock, senior analyst for European and Latin American telecommunications at Sanford C Bernstein, says Mexican billionaire Carlos Slim's bid for KPN is all about Germany.
Dutch telecom group KPN's main shareholder America Movil has ended an agreement to limit its holding to below 30 percent, a sign it may bid for the whole company.
With industrial economies, it's OK to have workers retire at 65, Slim says. But in developed economies, built on knowledge and experience, 60 is when workers hit their prime.
The world's second-wealthiest man explains to CNBC why workers in Europe and other parts of the developed world are at the "best" part of their career after they reach their 60s.