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Carlos Slim

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  • 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...

  • 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...

  • 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...

  • UPDATE 1-Telekom Austria says has room for acquisitions Wednesday, 11 Feb 2015 | 5:47 AM ET

    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...

  • BEIJING, Feb 3- Alibaba Group Holding Ltd's Jack Ma is no longer China's richest man, according to a report on Tuesday, with the top spot snatched by Li Hejun, a solar energy entrepreneur whose Hanergy Holding Group Ltd has come under fire for its intragroup dealings. Li's Hanergy Group has been the subject of analyst concern over what the Financial Times last week...

  • Jan 26- AT&T Inc said it will buy bankrupt NII Holdings Inc's wireless business in Mexico for $1.875 billion, less outstanding net debt. NII Holdings, the parent of Nextel operators in Latin America, filed for bankruptcy protection in the United States in September after struggling with $5.8 billion in debt and fierce competition in Brazil and Mexico.

  • VIENNA, Jan 22- Big foreign shareholders in Austrian companies OMV and Telekom Austria could exit agreements with the state following plans by the government to change the way it manages its holdings, a senior official said. Siegfried Wolf, the chairman of state holding company OIAG, made the comments in an interview with magazine News while defending OIAG's...

  • MEXICO CITY, Jan 17- China Telecommunications Corporation, the parent of China's third-largest carrier, is studying a possible investment in Mexico, a company spokesman said on Saturday, a day after Reuters reported that the subsidiary is preparing a possible bid for Mexico's new $10 billion mobile broadband network. The spokesman for subsidiary China...

  • China Telecom studying Mexico investment - spokesman Saturday, 17 Jan 2015 | 1:21 PM ET

    MEXICO CITY, Jan 17- China's third-largest carrier China Telecom is studying a possible investment in Mexico, a company spokesman said on Saturday, a day after Reuters reported that it is preparing a possible bid for Mexico's new $10 billion mobile broadband network. The spokesman for subsidiary China Telecom Corporation Ltd. did not comment directly on the...

  • MEXICO CITY, Jan 16- China's third-largest carrier China Telecom is preparing a possible bid for a contract to build and run a new mobile broadband network in Mexico and is seeking local partners to join it in a consortium, three people with knowledge of the matter said. It has already secured up to several billion dollars of financing from Chinese...