×

Telecom Carlos Slim

  • AMSTERDAM, April 19- The Dutch cabinet on Thursday proposed a law that would require any group wishing to try to take over a Netherlands- based telecommunications company to first seek government approval. "The Netherlands profits greatly from an open economy," said deputy economics minister Mona Keijzer in a statement. In December 2016, Dutch post company...

  • MEXICO CITY, April 18- America Movil's fixed-line unit Telmex said on Wednesday that the nation's supreme court has sided with it and ruled the firm should not be barred from charging rivals for calls to its network. The decision follows a similar ruling from the Supreme Court in August that opened the door for America Movil's mobile unit Telcel to begin...

  • MEXICO CITY, April 16- Mexican billionaire Carlos Slim sparred on Monday with the country's presidential front-runner over the Mexico City airport his companies are helping build, saying the leftist's threats to halt the $13 billion project would be a setback for the economy. Andres Manuel Lopez Obrador, who leads opinion polls ahead of the July 1 election, has...

  • MEXICO CITY— Mexican billionaire Carlos Slim said Monday that he would be "concerned and afraid" if leftist presidential candidate Andres Manuel Lopez Obrador wins and cancels the new Mexico City airport project. Lopez Obrador, who is the front-runner in preference polls, has called the project too costly and is pledging to cancel it if he wins the July 1...

  • MEXICO CITY, April 16- Mexican billionaire Carlos Slim said on Monday that he will not attempt to convince the leftist presidential election front-runner to proceed with the new Mexico City airport during the campaign. Andres Manuel Lopez Obrador, who leads major polls ahead of the July 1 vote, has threatened to abandon the $13 billion project, which is already...

  • VIENNA, April 9- Telekom Austria has roughly 1 billion euros to spend on acquisitions in the countries in which it is already present as well as new eastern European markets, its Chief Executive Alejandro Plater said on Monday. Telekom Austria, the central and eastern European unit of Mexican tycoon Carlos Slim's America Movil, operates in seven eastern...

  • "Mexico and its people will not be the pinata of any foreign government," Lopez Obrador said in a speech to thousands of people who jeered and swore at the mention of Trump. Trump on Sunday morning reiterated his threat that has hung over the campaign, to cancel the North American Free Trade Agreement among Mexico, Canada and the United States, tying its future to its...

  • LONDON, AMSTERDAM, March 28- Activist investor CIAM has criticised plans by Dutch food and retail group Ahold Delhaize to renew a governance structure that it said acts as a "poison pill" to potential suitors and has served to keep its share price depressed. Ahold's stichting was first introduced in 2003 and will expire in December 2018. Ahold CEO Dick Boer told...

  • SAO PAULO, March 28- Latin American equities came under renewed pressure on Wednesday, as ongoing fears of a trade war, a technology sector rout on Wall Street and volatile North American Free Trade Agreement negotiations depressed investor sentiment. Early on Wednesday, China's Global Times newspaper, a mouthpiece for the ruling Communist Party, said in a...

  • MEXICO CITY, March 26- Cancelling the new Mexico City airport would cost about half its $13 billion budget, the head of the company in charge of the project said on Monday following threats by the presidential election front-runner to scrap it. Federico Patino, the chief executive officer of Grupo Aeroportuario de la Ciudad de México, the firm overseeing the...

  • MEXICO CITY, March 23- Funds controlled by the family of Mexican billionaire Carlos Slim are set to acquire a large chunk of an investment trust to fund Mexico City's new airport, three sources with knowledge of the deal said, as doubts hang over the project's future. The placement came as leftist presidential frontrunner Andres Manuel Lopez Obrador threatens...

  • MEXICO CITY, March 23- Funds controlled by the family of Mexican billionaire Carlos Slim are set to acquire a large chunk of an investment trust to fund Mexico City's new airport, three sources with knowledge of the deal said, as doubts hang over the project's future. The placement came as leftist presidential frontrunner Andres Manuel Lopez Obrador threatens...

  • MEXICO CITY, March 23- Funds controlled by the family of Mexican billionaire Carlos Slim are set to acquire a large chunk of an investment trust to fund Mexico City's new airport, three sources with knowledge of the deal said, as doubts hang over the project's future. The placement came as leftist presidential frontrunner Andres Manuel Lopez Obrador threatens...

  • EXCLUSIVE- CARLOS SLIM'S GRUPO FINANCIERO INBURSA SET TO ACQUIRE AROUND 13 BLN PESOS- WORTH OF MEXICO CITY AIRPORT INVESTMENT TRUST THROUGH DIFFERENT FUNDS- SOURCES.

  • Lopez Obrador said the airport, the biggest public works project underway in Mexico, was running behind schedule and over budget, and that it could end up being a money pit for his administration if he wins office. "We will present a legal challenge to stop contracts being awarded, because they are awarding contracts to tie down the next government," Lopez Obrador...

  • MEXICO CITY, March 22- Mexico's landmark wholesale national mobile network launched this week, but without a single major wireless carrier on board, renewing debate about how best to increase competition in the telecom sector dominated by billionaire Carlos Slim. Analysts thought Telefonica, which has long struggled to gain traction in Mexico, could benefit...

  • MEXICO CITY, March 13- Alphabet's Google said on Tuesday that it will launch a network of free Wi-Fi hotspots across Mexico, part of the search giant's effort to improve connectivity in emerging markets and put its products in the hands of more users. Google Station, an ad-supported network of Wi-Fi hotspots in high-traffic locations, is launching in Mexico with...

  • MEXICO CITY, March 8- The Mexican telecom regulator's latest step to pry open the vast infrastructure controlled by the country's dominant telecoms firm, America Movil, will have major consequences for both the company and its competitors, experts say. On Monday, the Federal Telecommunications Institute approved a plan to separate part of America Movil's...

  • MEXICO CITY, March 6- The window for a new NAFTA trade deal before Mexico's July presidential election is closing, and with it, the chances for the ruling party to claim a win in its battle with U.S. The American president took office vowing to rebalance trade at Mexico's expense, blaming the country for many of the United States' problems, threatening to pull out of...

  • MEXICO CITY, March 6- The window for a new NAFTA trade deal before Mexico's July presidential election is closing, and with it, the chances for the ruling party to claim a win in its battle with U.S. The American president took office vowing to rebalance trade at Mexico's expense, blaming the country for many of the United States' problems, threatening to pull out of...