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Telecom Carlos Slim

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  • *Mexico motorway business weighs on results. MADRID, May 13- Spanish infrastructure group OHL posted an 18.7 percent drop in first-quarter net profit on Wednesday, hit by a lower contribution from its motorway business in Mexico where the firm is investigating allegations about overcharging the government. This sent group net profit down to 49.1 million...

  • MEXICO CITY, April 23- Mexico's telecoms regulator said on Thursday it had approved 12 commercial concessions for companies to offer a full range of telephone and television services as the country seeks to spur greater competition. Mexico's phone business has long been dominated by Carlos Slim's America Movil, with Televisa the most powerful force in...

  • MEXICO CITY, April 17- Shareholders in Mexico's America Movil on Friday approved a plan to spin off around 10,800 cell towers into a new company, Telesites, that will open up their use to competitors, the company said in a statement. Under the plan, current shareholders will receive the same number and series of shares in Telesites, which will be listed on Mexico's...

  • MEXICO CITY, March 19- A subsidiary of Mexican billionaire Carlos Slim's Grupo Financiero Inbursa bank has entered two loan agreements for nearly $700 million, pledging America Movil stock as collateral, according to a filing published on Thursday. The unit, Control Empresariales de Capitales, agreed on March 11 with HSBC to borrow up to 300 million euros and...

  • 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...

  • TABLE-Forbes rich list rankings Monday, 2 Mar 2015 | 2:34 PM ET

    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...

  • Buffett now No. 2 as shares surge to all-time high Monday, 8 Dec 2014 | 5:02 PM ET
    Warren Buffett

    Warren Buffett has moved ahead of Mexico's Carlos Slim on the Forbes ranking of billionaires, thanks to big gains for Berkshire shares.

  • Uber investors see IPO that would top $100 billion Friday, 5 Dec 2014 | 2:23 PM ET
    The Uber car service app is displayed on an HTC smartphone in Berlin, Nov. 24, 2014.

    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 looking to sell assets: Sources Monday, 15 Sep 2014 | 2:51 PM ET
    America Movil looking to sell assets: Sources

    America Movil is looking to sell assets for up to $20 billion, reports CNBC's Michelle Caruso-Cabrera

  • Carlos Slim builds fortune with eye for bargains Tuesday, 29 Apr 2014 | 7:00 AM ET

    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.

  • Will there be a trillionaire in the 21st century? Thursday, 24 Apr 2014 | 12:01 PM ET

    Income inequality is growing and the rich keep getting richer. In 25 years a serial entrepreneur with grand visions may cross the wealth threshold.

  • Who matters more: Warren Buffett or Carlos Slim? Tuesday, 11 Feb 2014 | 3:55 PM ET
    Carlos Slim (left) and Warren Buffett.

    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 25 faceoff: Battle of the billionaires Tuesday, 11 Feb 2014 | 2:54 PM ET
    CNBC 25 faceoff: Battle of the billionaires

    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: The downfall of a $30 billion tycoon Saturday, 26 Oct 2013 | 6:39 PM ET
    Eike Batista

    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.

  • Carlos Slim

    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.

  • Why has Carlos Slim bid for KPN? Friday, 9 Aug 2013 | 4:54 AM ET
    Mexican billionaire Carlos Slim.

    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.

  • Billionaire Carlos Slim may buy Dutch telco KPN Monday, 29 Jul 2013 | 3:28 AM ET
    Mexican billionaire Carlos Slim.

    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.

  • Billionaire Carlos Slim: Why 60 Is the New 30 Tuesday, 18 Jun 2013 | 11:00 AM ET
    Carlos Slim

    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.

  • 60 Is the New 30: Carlos Slim Tuesday, 18 Jun 2013 | 11:00 AM ET
    60 Is the New 30: Carlos Slim

    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.