December 11, 2013
Mexican billionaires Carlos Slim and Emilio Azcarraga, who typically go head-to-head for phone customers and TV viewers, are taking their rivalry to the soccer field this week in their country’s championship game.
Slim, the owner of the nation’s biggest wireless carrier, is an investor in Club Leon, which is a finalist in Mexico’s national soccer league. The team is squaring off against reigning champ Club America, controlled by TV magnate Azcarraga, in a two-game series starting tomorrow in Leon’s home stadium.
Caught in the crossfire are the legions of Mexican soccer fans who won’t be able to watch because of an agreement to televise the match only on cable for the first time. After Slim’s America Movil acquired a stake in Leon last year, the club signed a broadcast-rights deal with cable’s Fox Sports.
December 6, 2013
Giant Mexican telco America Movil and broadcaster Televisa, the two companies likely to be most affected by the country’s telecoms reform, said on Thursday the regulator has told them it was determining whether they are dominant players in the sector.
The notifications are the first step in a process mandated by a telecoms reform passed by Mexico’s Congress earlier this year that gives the new Federal Telecommunications Institute (IFT) powers to clamp down on dominant players and spur competition.
November 25, 2013
Legislation to implement a major overhaul of Mexico’s telecommunications industry will not be approved until early next year, pushing back a deadline set for December, two senior lawmakers said on Saturday.
The secondary laws set out the fine print for a telecoms reform promulgated in June by President Enrique Pena Nieto which gives regulators sweeping powers to rein in billionaire Carlos Slim’s telecoms giant America Movil and dominant broadcaster Televisa.
November 13, 2013
Telefonica SA has approached potential acquisition targets and partners in Mexico, where it’s seeking to challenge billionaire Carlos Slim’s dominance, according to three people familiar with the matter.
Spain’s biggest telecommunications group has held discussions with companies including Grupo Iusacell SA, a smaller rival co-owned by Ricardo Salinas and pay-TV provider Grupo Televisa SAB, said the people, asking not to be named because the deliberations are private. Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA are working with Madrid-based Telefonica, said another person familiar with the matter.
October 11, 2013
Mexico’s new telecoms reform should be able to reduce tycoon Carlos Slim’s share of the local mobile phone market to less than 50 percent in the next five years, an influential opposition lawmaker said on Wednesday. The law, broadly backed across the political spectrum in Mexico, targets Slim’s giant phone company America Movil and rival Emilio Azcarraga’s broadcaster Televisa, powerful symbols of the power wielded by a select group of families over Latin America’s second biggest economy.
September 25, 2013
Telefónos de México (Telmex), the dominant Mexican fixed-line phone carrier controlled by Mexican tycoon Carlos Slim, responded to the current national emergency caused by Tropical Storm Manuel and Hurricane Ingrid with aid for thousands of victims in Mexico. Telmex said on Monday that it has delivered 114 tons of humanitarian aid to tens of thousands of Mexicans affected by the twin storms in the Gulf and Pacific costs. In 24 of Mexico’s 31 states, towns and cities were flooded, highways and communication lines cut off, and deadly landslides set off. More than 1 million people have been affected across the country and 50,000 have been evacuated from their homes.
September 11, 2013
Mexico’s Senate on Tuesday approved seven nominees to head a new telecommunications regulator created by a sweeping sector overhaul that seeks to boost competition and tame billionaire Carlos Slim.
The regulator, known as Ifetel, will replace a weaker regulatory agency and have new powers to police a telecommunications market dominated by Slim’s America Movil and Televisa. America Movil controls some 80 percent of the fixed line business in Mexico and about 70 percent of its cell phone market. Televisa has more than 60 percent of the TV market.
August 16, 2013
The Wall Street Journal, 8/15/2013
At a time when politicians in Washington struggle to agree on anything, their Mexican counterparts—who spent the past dozen years locked in bruising battles—sit down almost daily to talk about thorny issues. Sometimes they tip a glass. Sometimes they share a pizza. And, increasingly, they reach agreements.
In the past eight months, Mexico’s Congress has passed a constitutional change to curb the powerful public teachers union; a legal reform to strip public officials of immunity from criminal prosecution; and a telecommunications bill that sharply limits the quasi-monopolistic powers of the country’s biggest telephone company, controlled by billionaire Carlos Slim.
July 12, 2013
Mexican billionaire Carlos Slim is interested in investing in oil and natural gas exploration in Guatemala, a Guatemalan presidential spokesman said on Thursday.
Slim, who briefly visited the country on Wednesday, met with President Otto Perez to discuss investment options, which also include building a train line between southern Mexico and Guatemala, said spokesman Francisco Cuevas.”He expressed interest in exploring for natural gas and oil as soon as possible,” Cuevas told Reuters. “He also said that he would like to use public and private funds to build a rail line.” Slim, who owns telecoms company America Movil and topped Forbes magazine’s March list of the world’s richest people, runs his oil business through conglomerate Grupo Carso .
July 9, 2013
Financial Times, 7/9/2013
It’s possible that Carlos Slim has never downloaded an application into his mobile phone. He’s not known for his information technology prowess – he doesn’t even have a computer in his office. What he is known for is his business acumen. His latest venture into music recognition app Shazam for $40m, through his multinational telecommunication company, América Móvil, is a case in point.
The Mexican magnate’s 10.8% stake in the London-based company will allow him to offer the 262m users of his Latin American telecommunications network the ability to identify songs, videos or television programmes. The popular music recognition app will be pre-installed on mobile phones that América Móvil sells in countries such as México, Brazil, Argentina and Colombia.