Mexico’s richest man to rebuild, pay for collapsed subway

07/30/2021

Source: Yahoo! News

MEXICO CITY (AP) — Mexico’s richest man has pledged to rebuild and pay for a segment of a Mexico City subway line that collapsed on May, killing 26 people, President Andrés Manuel López Obrador said Wednesday.

López Obrador said telecom and construction magnate Carlos Slim has promised to pay for the rebuilding out of his own pocket and have it back in service in a year. One of his companies had originally built much of the section where the collapse occurred.

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Mexico’s Slim to fix collapsed metro line at no cost within a year

06/30/2021

Source: Reuters

Mexican billionaire Carlos Slim’s construction firm will repair a collapsed Mexico City metro line at no cost to the government so that it can re-open in a year, President Andres Manuel Lopez Obrador said on Wednesday.

The accident last month on an elevated stretch of the busy Line 12, which was built by Slim’s Grupo Carso, killed 26 people. Lopez Obrador said Slim told him in a meeting on Tuesday that he would cover the entire cost of rebuilding.

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Mexico’s President Says Carlos Slim Might Help Rebuild Collapsed Metro Line

06/23/2021

MEXICO CITY — The business tycoon Carlos Slim is willing to repair part of Mexico City’s subway system, the country’s president said Wednesday, after investigations found that shoddy work by Mr. Slim’s engineering firm had caused part of a metro line to collapse last month, killing 26 people.

But it was not clear whether that meant Mr. Slim would absorb any of the cost of fixing the line, which failed less than nine years after it opened.

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Mexico’s President Says Carlos Slim Might Help Rebuild Collapsed Metro Line

06/24/2021

Source: The New York Times

MEXICO CITY — The business tycoon Carlos Slim is willing to repair part of Mexico City’s subway system, the country’s president said Wednesday, after investigations found that shoddy work by Mr. Slim’s engineering firm had caused part of a metro line to collapse last month, killing 26 people.

But it was not clear whether that meant Mr. Slim would absorb any of the cost of fixing the line, which failed less than nine years after it opened.

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Mexico’s richest man Carlos Slim hospitalized with COVID-19

01/27/2021

Source: Reuters

MEXICO CITY (Reuters) – Mexican businessman Carlos Slim, one of the world’s richest men, remains hospitalized with COVID-19, spokesman Arturo Elias said on Wednesday.

The 80-year-old telecoms magnate has been receiving treatment at the National Institute of Nutrition, a public health center in Mexico City, since his son confirmed on Monday that he had tested positive.

“He’s in [the hospital] for analysis and monitoring, but he’s doing very, very well,” Elias said.

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Telefonica teams up with AT&T in Mexico in new bid to take fight to Slim

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11/21/19 – Reuters

By Julia Love

Spanish telecoms giant Telefonica has struck a deal to use some of U.S. rival AT&T’s infrastructure in Mexico, a move analysts said would better position both to compete with the market’s juggernaut, billionaire Carlos Slim’s America Movil.

Under the agreement announced on Thursday, Telefonica will use AT&T’s wireless ‘last-mile’ equipment – the final link of telecom networks that delivers service to consumers through towers, antennas and fiber-optic cables.

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Mexican billionaire Slim vows to invest in Mexico, touting economic prospects

Carlos Slim

10/16/19 – Reuters

By Julia Love, Daina Beth Solomon

Mexican billionaire Carlos Slim said on Wednesday that he expects to invest up to $5 billion in Mexican infrastructure during the current administration as he delivered a full-throated endorsement of the economy despite investor jitters.

Mexican billionaire Carlos Slim said on Wednesday that he expects to invest up to $5 billion in Mexican infrastructure during the current administration as he delivered a full-throated endorsement of the economy despite investor jitters.

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AMLO Says Billionaire Carlos Slim Is Looking to Retire Soon

3/27/2019 – Bloomberg

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Susana Gonzalez/Bloomberg

By Andrea Navarro

Mexico’s richest man is looking to retire within the next five years, President Andres Manuel Lopez Obrador said Carlos Slim told him.

Billionaire Slim, 79, “wants to end his business life by contributing to economic growth and well-being during this administration”, the president said, adding he might be committing an “indiscretion” by revealing his plans, he said during his morning presser Tuesday.

Slim spokesman Arturo Elias Ayub said in a tweet that the billionaire and the president talked about how they both have nearly six years of intense work ahead of them to boost the country due to Lopez Obrador’s term and Slim’s age.

Slim’s $56.6 billion empire includes America Movil SAB, the largest mobile-phone operator in Latin America, and holdings in banking and mining. He also has stakes in publicly traded companies like The New York Times. Through Grupo Carso, he also has interests in the Mexican construction company and was heavily invested in the now-canceled $13 billion Mexico City airport.

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Mexico’s Carlos Slim says best wall for Mexico and U.S. is investment, opportunities

07/30/2018 Reuters

Carlos Slim.PNGMexican tycoon Carlos Slim said on Tuesday that the best wall between Mexico and the United States was investment and job opportunities, referring to the U.S. President Donald Trump’s promise to build a border fence between the two countries.

“The best wall is investment and creating opportunities in Mexico,” Slim said during an strategy conference for the Spanish builder FCC (FCC.MC), of which he is the main shareholder, in Madrid.

Slim also noted that the United States and Central American countries need to make deals on investment and not just for trade.

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Billionaire Slim, America Movil, could profit from election of Mexican leftist

06/18/2018 Reuters

carlos slim

Billionaire Carlos Slim has had harsh words for Mexico’s presidential frontrunner, saying recently he is “concerned and afraid” about what leftist Andres Manuel Lopez Obrador might do if elected.

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 (AMXL.MX) telecommunications empire, Reuters interviews with a dozen close friends, partners and other people familiar with their dealings show.

Lopez Obrador’s pick for telecoms minister, Javier Jimenez, told Reuters he favors re-examining some regulations stemming from Mexico’s landmark 2014 telecommunications reform, a law that has clipped America Movil’s profits and inhibited its expansion.

That is because Slim’s company, which possesses the largest network in Mexico, could play a key role in delivering cell coverage to rural areas but complains current regulations hold it back.

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