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Carlos Slim

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  • MADRID, Nov 27- Mexican billionaire Carlos Slim is set to become the largest investor in Spanish builder FCC after agreeing to buy top shareholder Esther Koplowitz's part of a $1.3 billion capital increase. But the investment of around 700 million euros in FCC, one of the Spain's top employers, is his highest profile move in the country. In a statement to Spain's...

  • Carlos Slim buys control in Spanish building co Thursday, 27 Nov 2014 | 8:57 AM ET

    MADRID— Mexican billionaire Carlos Slim will invest 500 million euros in Spanish construction firm FCC and receive a controlling stake in the company. Slim is making the investment through his Control Empresarial de Capitales SA in a deal that will see FCC's capital increased by 1 billion euros to reduce debt. FCC stock rose nearly 4 percent to 15.89 euros per...

  • MEXICO CITY, Nov 20- Three companies have presented bids for an upcoming tender to operate two public television networks, Mexico's telecoms regulator said on Thursday, as efforts to open up a sector dominated by broadcasting giant Televisa gather pace. The three companies are Centro de Informacion Nacional de Estudios Tepeyac, Cadena Tres I and Grupo Radio...

  • MEXICO CITY, Nov 20- Three companies have presented bids for an upcoming tender to operate two public television networks, Mexico's telecoms regulator said on Thursday. The three companies are Centro de Informacion Nacional de Estudios Tepeyac, Cadena Tres I and Grupo Radio Centro, the Federal Telecommunications Institute said in a statement.

  • Brazil ex-billionaire on trial for insider trading Tuesday, 18 Nov 2014 | 11:34 AM ET

    RIO DE JANEIRO— Brazil's one-time richest man, whose meteoric rise to No. 7 on the Forbes billionaires list and equally spectacular bust came to symbolize the country's economic fortunes, went on trial Tuesday in a historic insider trading case seen as a blow against an ingrained culture of impunity. Eike Batista was on hand at the Rio de Janeiro federal court for...

  • WASHINGTON, Nov 13- The U.S. Export-Import Bank has mischaracterized potentially hundreds of large companies and units of multinational conglomerates as small businesses, a flaw in its record keeping that could undermine the export lender's survival strategy. "Rarely does Ex-Im miss a opportunity to claim that it primarily helps small business, but Ex-Im is...

  • WASHINGTON, Nov 13- The U.S. Export-Import Bank has mischaracterized potentially hundreds of large companies and units of multinational conglomerates as small businesses, a flaw in its record keeping that could undermine the export lender's survival strategy. A Reuters analysis showed companies owned by billionaires like Warren Buffet and Mexico's...

  • Televisa, Mexico's top broadcaster and pay TV provider, is rolling out services that compete with Slim's phone company. Televisa executives filed a complaint with Mexico's new telecom regulator, claiming that Telmex had sent calls made to a cable TV service line to the phone of one of Televisa's customers during four hours last Friday. The new regulations are...

  • WASHINGTON/ MEXICO CITY, Nov 11- AT&T's $1.7 billion agreement to buy Iusacell, Mexico's No. 3 cellular operator, puts it in the unfamiliar position of market underdog, owning an asset that may require billions in investment to catch up to the market's two larger players. That growth will put AT&T in direct competition with former ally Carlos Slim's America Movil,...

  • MEXICO CITY, Nov 6- Mexico's telecommunications regulator on Thursday approved a new set of rules to allow phone customers to transfer their numbers from one provider to another within 24 hours. The new rules approved by the Federal Telecommunications Institute will take effect within 90 days of their publication in the country's national gazette, due in the...

  • MEXICO CITY, Oct 31- Mexico and its main construction companies could help carry out a plan to spur economic growth and jobs in Central America to stem illegal immigration to the United States, a senior Mexican government official said on Friday. Struggling to stop a record flood of child migrants to the United States earlier this year, Guatemala, Honduras and El...

  • Oct 30- Japanese telecom and media group SoftBank Corp has set its sights on the wireless assets put up for sale by America Movil, the Wall Street Journal reported, citing people familiar with the matter. SoftBank recently asked Sprint Corp Chief Executive Marcelo Claure to gather information on the assets that America Movil is planning to sell, sources told the...

  • The group, in which Mexican billionaire Carlos Slim's America Movil has a 21.4 percent stake, said the improvement was most noticeable in its consumer mobile and business operation, though core profit still fell by 15 percent. It also sold its German business E-Plus to Spain's Telefonica in a deal valued at 8.6 billion euros. The company competes with Vodafone...

  • MEXICO CITY, Oct 23- Mexico's America Movil said on Thursday its third-quarter net profit fell 38 percent compared with a year earlier, missing expectations as taxes and exchange rate losses rose. The company, which is controlled by the family of billionaire Carlos Slim, said net profit in the July-September period fell to 10.12 billion pesos from 16.38 billion...

  • MEXICO CITY, Oct 23- Mexico's America Movil on Thursday said its third-quarter net profit fell 38 percent compared to a year earlier as taxes rose and the cost of sales jumped. The company, which is controlled by the family of billionaire Carlos Slim, said profit in the July-September period fell to 10.12 billion pesos from 16.38 billion pesos a year earlier.

  • MEXICO CITY, Oct 20- America Movil, Latin America's biggest phone company, on Monday said it holds nearly 60 percent of Telekom Austria after its extended offer for the Austrian company closed last week. The purchase increases the sway billionaire businessman Carlos Slim holds over the Austrian phone company, after the initial offer period saw Slim's America...

  • MEXICO CITY, Oct 9- Mexico's government on Thursday kick-started a project to launch a state-owned mobile network by 2018, part of a wider effort to support competitors to billionaire Carlos Slim's dominant America Movil. Mexico's telecoms regulator and the telecommunications and transport ministry agreed on terms and conditions for the development of...

  • Oct 7- Billionaire Carlos Slim said on Tuesday that America Movil is trying to sell assets from Mexico's west Coast and the border with the United States, not just the east coast, as part of a previously announced divestiture. Bloomberg reported in September that America Movil, Latin America's biggest telecommunications company, could unload infrastructure...

  • MEXICO CITY, Sept 23- Spain's Telefonica is considering a range of tie-up options in Mexico with broadcaster Grupo Televisa, including creating a new telecommunications company together, a person with knowledge of the matter said.

  • *Alcatel, Ericsson helped group that made bid. MEXICO CITY/ PARIS, Sept 19- Mexico has received its first bid from a consortium to build a $10 billion state-owned mobile network, a linchpin of efforts to break the hold of Carlos Slim's America Movil on telecom services.