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.» Read More
MEXICO CITY, July 8- Billionaire Carlos Slim's America Movil said on Tuesday its board voted to divest assets to cut its Mexico telecommunications market share below 50 percent and avoid tough new regulations designed to curb his long-held dominance of the sector.
MEXICO CITY, July 8- Mexico's lower house of Congress gave general approval on Tuesday to legislation that aims to rein in telecoms tycoon Carlos Slim and broadcaster Televisa to encourage more competition in the phone and TV markets.
MEXICO CITY, July 8- Mexico's lower house of Congress on Tuesday gave general approval to legislation to reform the country's phone and TV markets and rein in telecoms tycoon Carlos Slim and broadcaster Televisa.
MEXICO CITY, July 4- Mexico's Senate on Friday gave its general approval to legislation needed to implement a reform of the phone and TV markets that seeks to rein in telecoms tycoon Carlos Slim and broadcaster Televisa.
MEXICO CITY, July 2- Mexico's Senate on Friday aims to pass long-delayed legislation setting out the fine print of a major reform of the phone and TV markets that seeks to curb the power of multibillionaire Carlos Slim and broadcaster Televisa.
NEW YORK, July 1- U.S. stocks were set to kick off the third quarter with early gains on Tuesday, after a report showed China's factory sector expanded in June for the first time in six months, and ahead of U.S. data expected to show manufacturing continued to grow.
Markit, ISM factory data due. NEW YORK, July 1- U.S. stock index futures kicked off the third quarter with early gains Tuesday, buoyed by a report showing China's factory sector expanded in June for the first time in six months, and ahead of U.S. data expected to show manufacturing continued to grow.
MEXICO CITY, June 27- Carlos Slim's real estate firm, Inmobiliaria Carso, will buy AT&T Inc's equity stake in America Movil, tightening the Mexican tycoon's control of his flagship telecommunications firm, according to a filing with Mexico's stock exchange on Friday.
MEXICO CITY, June 25- Carlos Slim's America Movil said on Wednesday it had created a committee to evaluate options in response to an overhaul of Mexico's telecommunications sector which aims to curb its dominance.
MEXICO CITY, June 25- Mexican billionaire Carlos Slim and former U.S. Vice President Dick Cheney have invested in Texas- based oil and gas software developer WellAware, the company said in a statement on Wednesday.
MEXICO CITY, June 19- Political wrangling in Mexico means Congress is unlikely to approve before July legislation to complete an energy overhaul at the center of President Enrique Pena Nieto's economic agenda, lawmakers said on Thursday.
MEXICO CITY, June 19- Mexico is reviewing design plans for a new 120 billion peso Mexico City airport which will eventually have six runways and should begin operating by 2018, according to sources familiar with the plan.
*Move to make Telefonica biggest Telecom Italia investor. MILAN, June 16- Italian banks Intesa Sanpaolo and Mediobanca moved on Monday to leave the shareholder pact that controls Telecom Italia, following insurer Generali and making way for new investors in the phone company.
MEXICO CITY, June 12- Mexico's telecom regulator said on Thursday it would postpone the first stage of a tender for two new national TV channels from June to September, citing a delay in laws that should set out details of a sector overhaul approved in 2013..
MEXICO CITY, June 12- Mexico's telecom regulator said on Thursday it would postpone the first step for its tender of two new national TV channels until September from June, citing a delay in new laws that should set out details of a sector overhaul approved in 2013..
Apple Inc, maker of iPhone smartphones, was not affected by the ruling by the Mexican Institute for Industrial Property against America Movil, Telefonica and Iusacell for advertising mobile phone subscriber plans with the name "iPhone" in the title. "Apple doesn't have a problem because they just sell telephones," another official at the IMPI said.
MEXICO CITY, June 3- The Mexican unit of Spain's Telefonica said on Tuesday it will focus on expanding its mobile business rather than adding new services as it tries to capitalize on a regulatory overhaul and steal market share from telecoms tycoon Carlos Slim.
MEXICO CITY, June 2- Abundant cheap labor has helped Mexico lure billions of dollars in foreign investment in recent years and spur a manufacturing sector so dynamic it has been likened to China.
*Looking at up to 5 telecoms deals in Europe worth over $1 bln. MOSCOW, June 2- Russian billionaire Mikhail Fridman's Alfa-Group wants to invest billions of dollars of proceeds from the sale of oil firm TNK-BP into telecoms assets in Europe, looking to capitalise as the industry consolidates.
Now, AT&T Inc's planned $48.5 billion purchase of U.S. satellite provider DirecTV is severing a connection with Slim that goes back to 1990, and turning them into competitors.