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Telecom Carlos Slim

  • But a victory by Lopez Obrador, who holds a double-digit lead in most polls before the July 1 vote, could provide upside for Slim's fortunes, particularly with regard to his America Movil telecommunications empire, Reuters interviews with a dozen close friends, partners and other people familiar with their dealings show. Lopez Obrador's pick for telecoms...

  • TEXCOCO, Mexico, June 17- Mexican presidential front-runner Andres Manuel Lopez Obrador said on Sunday that if he wins the July 1 election, he will aim to hold a public vote before taking office on whether to finish building a $13 billion airport outside Mexico City. The airport, spearheaded by President Enrique Pena Nieto and set to be half-completed by year's...

  • The meeting touched on topics including the renegotiation of the North American Free Trade Agreement with the United States and Canada, corruption and job creation, Lopez Obrador said. The former Mexico City mayor, who is in his third campaign for the presidency, has drawn opposition from some in the business community for his plans to revise oil contracts and...

  • NEW YORK/ MEXICO CITY, May 7- Mexico's presidential front-runner met BlackRock Inc Chief Executive Larry Fink on Monday, part of a push by the left-wing politician to reassure investors about his policies ahead of the July vote, and his team said the men clicked personally. Fink met Lopez Obrador on Monday morning in Mexico City, the candidate's adviser Carlos...

  • NEW YORK/ MEXICO CITY, May 7- Mexico's presidential front-runner met BlackRock Inc Chief Executive Larry Fink on Monday, part of a push by the left-winger to reassure investors about his policies ahead of the July vote, with his team saying the men clicked personally. Fink met Lopez Obrador on Monday morning in Mexico City, the candidate's adviser Carlos Urzua...

  • NEW YORK, May 7- Four Mexican presidential campaigns are meeting on Monday with BlackRock Inc Chief Executive Larry Fink, the world's largest asset manager said, ahead of a July 1 election that is being closely watched by financial markets. BlackRock, with extensive ties in Mexico, engages with governments "irrespective of party affiliations," the company said in...

  • MEXICO CITY, May 7- Mexico's left-wing presidential front-runner Andres Manuel Lopez Obrador, who is trying to calm a fierce exchange with some of the country's business leaders, said on Monday he could offer a concession for Mexico City's new airport. But he said at a tourism event on Monday that the airport, Mexico's biggest infrastructure project, could be put...

  • MEXICO CITY, May 4- Mexico's leading business groups are fuming after leftist Andres Manuel Lopez Obrador, the favorite to win the country's July presidential election, called several billionaires influence traffickers who benefit from corruption. At a campaign appearance this week, Lopez Obrador, a two-time presidential runner-up, accused members of...

  • MEXICO CITY, April 24- America Movil said on Tuesday its net profit fell nearly 50 percent in the first quarter due to currency swings, but there were signs Latin America's largest wireless carrier was already reaping the rewards of an important Supreme Court decision in Mexico. The company said growth in Mexico outpaced other markets, and that it had resumed...

  • MEXICO CITY, April 24- America Movil, Mexico's largest wireless carrier, said on Tuesday that its net profit fell nearly 50 percent in the first quarter, hurt by currency swings. America Movil saw its strongest growth in Mexico, where mobile revenues were up 12.8 percent from the previous year. The quarter marked the first time America Movil has been able to charge...

  • 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, 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...