This Country Just Launched an Antitrust Probe Into Its Public Phone Market

10/18/16 Fortune

carlos slim
Carlos Slim

One of the companies at the center of the investigation used to be a state monopoly.

Mexico’s telecoms regulator has opened an anti-trust probe into the domestic market for public telephones, the government said in its official gazette on Tuesday.

The investigation will look at possible anti-competitive behavior in the “market for production, distribution, and commercialization of public telephone service for sale to final users via telephonic apparatuses for public use,” it said.

Read more…


In Attacking Carlos Slim After Times Reports, Trump Invokes Mexico, Again

10/14/2016 NBC News

Blame it on Mexicans and Mexico, again.

Republican presidential candidate Donald Trump suggested Mexican billionaire Carlos Slim was involved in the publication of New York Times articles about women who have come out and alleged Trump made unwanted sexual advances.

“The largest shareholder in the Times is Carlos Slim. Now Carlos Slim, as you know, comes from Mexico,” he said Friday. “He’s given many millions of dollars to the Clintons and their initiative. So Carlos Slim, largest donor of the paper, from Mexico.”

Read more…

Mexico’s Richest Man Confronts a New Foe: The State That Helped Make Him Rich

08/09/16 The New York Times

2564224814_f800dcc9d8_oMEXICO CITY — All is not well in the kingdom of Carlos Slim.

For more than 25 years, he has dictated the terms of Mexico’s telecommunications industry and built an empire, making him one of the world’s richest men.

Mr. Slim and his family are billionaires 50 times over. He has stood at the very top of the Forbes World’s Billionaires list — more than once. His flush years in Mexico enabled him to span the Americas with companies that touch nearly every facet of modern life: telecom, banking, construction, retail and media, among others.

Mexican Billionaire Carlos Slim’s Foundation Launches Free Online Educational App

06/16/2016 Forbes

slimAs part of his philosophy that philanthropic foundations do not solve poverty but knowledge does, Mexican telecom tycoon Carlos Slim Helú launched, a free online educational platform aimed at expanding opportunities to anyone with a smartphone and an internet connection, his foundation announced Wednesday.

“This is an important achievement for Mexico and can be a model for other nations,” Slim said during a press conference at his Museo Soumaya in Mexico City, according to Uno TV, Slim’s online TV news channel.


Read more…

Mexico to raise $2.5 billion in spectrum auction – regulator

2/18/16 Reuters 

carlos slim
Carlos Slim

Feb 18 Mexico’s telecoms regulator on Thursday said it will raise about 45 billion pesos ($2.5 billion) over the next 15 years after an auction of wireless spectrum.

The auction will allow the two participating companies, Carlos Slim’s America Movil and new rival AT&T Inc to deploy new mobile services and improve quality, the Federal Telecommunications Institute (IFT) said.

Final results of the auction, showing the size and amount of each company’s winning bid, will be shared within 10 business days, IFT said in a statement.

Read more…

Billionaire Tycoon Carlos Slim Actively Bidding In Mexico’s Historic Oil Auction

8/25/15 Forbes

carlos-slimWhen Mexico opened its oil and gas sectors to domestic and foreign private capital for the first time in nearly eight decades last year, it was widely expected that Mexican tycoon Carlos Slim Helú would play a leading role in the country’s new energy landscape. However, it was not until recently that this was confirmed: Slim’s companies have been quietly bidding in Mexico’s historic Round One oil auction.

According to Mexico’s National Hydrocarbons Commission (CNH), Carso Oil & Gas, an affiliate ofGrupo Carso , the conglomerate controlled by billionaire Slim, is participating in the second and third tenders of Round One for oil production contracts.

Carso Oil & Gas has enrolled in the second bidding of Round One for five shallow-water production-sharing contracts in nine Gulf of Mexico blocks. Bids are expected on September 30, 2015.

Read more…

How Challenging Carlos Slim Is Helping Mexico Tame Inflation (And Why It May Not Last)

8/20/15 Bloomberg Business

Via Bloomberg Business
Via Bloomberg Business

Across Latin America the drop in commodity prices has sent currencies tumbling, spurring faster inflation. Everywhere, that is, except for Mexico. Mexican consumer prices rose 2.74 percent in July from the year earlier, the slowest pace in almost half a century and less than any other major economy in the region.

The last time inflation was this slow in Mexico was 1968, when the Vietnam War was at its height, the Beatles were in the charts with “Hey Jude” and the Soviet leadership was preparing to crush the Prague Spring.

So what makes Mexico different than its Latin American counterparts? Part of the answer lies with billionaire Carlos Slim. An overhaul of Mexico’s telecommunications industry has increased competition for Slim’s America Movil SAB and eliminated domestic long-distance charges for all carriers, slashing communication costs by 12.5 percent in the past year. That’s far more than in any other country in the four-member Pacific Alliance that also includes Colombia, Chile and Peru.

Read more…

%d bloggers like this: