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Carlos Slim

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  • Salinas's Totalplay eyes Mexico wholesale network Thursday, 2 Jul 2015 | 8:47 PM ET

    MEXICO CITY, July 2- Totalplay, the pay TV, Internet and fixed-line company owned by Mexican billionaire Ricardo Salinas, is considering participating in an upcoming tender for a $7 billion wholesale mobile network, the company's chief executive said on Thursday. The planned network, which is written into Mexico's constitution, will have use of valuable...

  • July 1- Macy's Inc said on Wednesday it would end its business relationship with Donald Trump, and New York City said it was reviewing its contracts with the billionaire developer and U.S. presidential hopeful because of his comments insulting Mexicans. In New York City, where Trump built his fortune in real estate, his company has a contract to run a golf course at...

  • MEXICO CITY, June 30- Mexico's telecoms regulator said on Tuesday that it will open access to the "last mile" of Telmex telephone network to rivals, in a decision that aims to increase competition in a sector dominated by billionaire Carlos Slim. Since declaring America Movil dominant in the sector last year, the IFT has been introducing stricter measures...

  • NEW YORK— Fallout from Donald Trump's remarks about immigrants from Mexico continued Tuesday as a TV company backed by Mexican billionaire Carlos Slim said it was scrapping a project in development with the outspoken mogul, and Mexico announced it won't be sending a contestant to the Miss Universe contest, which Trump partly owns. NBC followed suit on Monday...

  • MEXICO CITY, June 30- Mexico's telecoms regulator will open access to the "last mile" of Telmex telephone networks to competitors, two sources said on Tuesday, in a decision that aims to increase competition in a sector dominated by billionaire Carlos Slim. Since declaring America Movil dominant in the sector last year, the IFT has been introducing stricter...

  • Carlos Slim's Ora TV latest company to dump Trump Tuesday, 30 Jun 2015 | 1:49 PM ET

    NEW YORK— A TV company backed by Mexican billionaire Carlos Slim says it will scrap a project it was developing with real estate mogul Donald Trump because of comments he made about Mexican immigrants. NBC, Spanish-language network Univision and Mexican media giant Televisa have also said they would no longer be doing business with Trump.

  • —after NBC dumped the real estate mogul Monday over comments he made about immigrants during his recent presidential campaign kickoff speech. But as he launches his 2016 presidential bid in earnest, his latest comments— that some Mexican immigrants bring drugs and crime to the country and are rapists— offended many, were denounced by Mexican-American groups...

  • *NBC drops' Miss USA' and' Miss Universe' pageants. June 29- NBC cut ties with U.S. presidential candidate Donald Trump and the "Miss USA" and "Miss Universe" pageants on Monday after the real estate developer and TV personality made comments insulting Mexicans earlier this month. The decision by Comcast Corp- owned NBC was announced four days after Spanish-language...

  • MEXICO CITY, June 25- AT&T Inc plans to invest around $3 billion in its high-speed mobile Internet network in Mexico, the company said on Thursday. The company's move into Mexico came in the wake of a sweeping sector overhaul which forced billionaire Carlos Slim's America Movil to open up infrastructure and let rivals interconnect to his network for free.

  • LONDON, June 19- Vodafone has recruited Hannes Ametsreiter, the outgoing chief executive of Telekom Austria, to run its German business, the firm's biggest market where it is struggling in the face of fierce competition. Vodafone is in fierce competition with Deutsche Telekom in Germany where the former state monopoly is regaining market share thanks to...

  • TEL AVIV, June 15- Israeli start-up Mobli Media Inc is taking on Internet giants Google, Facebook and Yahoo with an innovative online search tool to find the latest photos and videos across social media, the company said on Monday. Mobli, which is backed by Mexican billionaire Carlos Slim and big-name U.S. celebrity investors Leonardo DiCaprio, Serena Williams,...

  • MEXICO CITY, May 26- Mexico has cut the estimated investment required for a wholesale mobile broadband network by almost a third to $7 billion and is considering changes to make it more attractive to wireless operators, a senior government official said on Tuesday. The network, which will have exclusive use of 90 MHz of the 700 MHz band of spectrum, was written into...

  • *America Movil first bought KPN stake in 2012. AMSTERDAM/ LONDON, May 20- Mexican telecoms group America Movil completed a 3 billion euros sale of bonds exchangeable for KPN shares, leading to a possible exit by the Dutch firm's largest shareholder after three difficult years. "America Movil has received cash today for the value of that stake, then they look five...

  • *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 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...