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Carlos Slim

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  • 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...

  • BOGOTA, Jan 14- Facebook Inc Chief Executive Mark Zuckerberg launched a free Internet application in Colombia on Wednesday as part of a drive to bring developing markets online, but remained mute on when and if the company would look to move into China. Colombia is the first nation in Latin America and the fourth in the world to receive the new Internet.org...

  • UPDATE 1-Carlos Slim becomes top NY Times shareholder Wednesday, 14 Jan 2015 | 6:11 PM ET

    Jan 14- Mexican billionaire Carlos Slim has become the largest shareholder of New York Times Co after exercising warrants to double his stake in the publisher to 16.8 percent. New York Times, controlled by the Ochs-Sulzberger family through Class B shares, paid back the loan in 2011.. New York Times intends to use cash proceeds of about $101.1 million to buy back...

  • Carlos Slim becomes NY Times largest shareholder Wednesday, 14 Jan 2015 | 5:19 PM ET

    Jan 14- New York Times Co said Mexican billionaire Carlos Slim has increased his stake to 16.8 percent, becoming the largest shareholder of the company. Entities affiliated with Slim exercised warrants to acquire nearly 15.9 million shares of Class A common stock at $6.3572 per share. The New York Times Co is controlled by the Ochs-Sulzberger family through...

  • MEXICO CITY, Jan 9- Mexico's telecommunications regulator has fined both Carlos Slim's fixed-line unit Telmex and satellite TV provider Dish Mexico for failing to disclose fully a tie-up between them, the companies said in separate statements on Friday. Dish Mexico was fined 43 million pesos while Telmex was fined 14.4 million pesos. Dish Mexico is a joint...

  • 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.