Mexico’s Slim: If Trump succeeds, so does Mexico

12/1/16 Reuters

2564224814_f800dcc9d8_oMexican billionaire Carlos Slim said on Thursday that if President-elect Donald Trump succeeds in office, it will be good news for Mexico, and that he would be more worried as an American than a Mexican about the next U.S. government. Slim, a telecoms tycoon who spent several years as the world’s richest man, says he has never met Trump, but the two businessmen traded barbs during a bruising U.S. election campaign in which Trump vowed to build a wall along the southern border to keep out Mexican immigrants

But Slim added that Trump’s potential success would also be Mexico’s, arguing that a 4 percent U.S. growth rate and the creation of millions of jobs would benefit Latin America’s second biggest economy.

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Slim in talks with Spanish firms for bid on $3.5 billion Mexico airport terminal – sources

10/25/16 Business Insider

2564224814_f800dcc9d8_oMEXICO CITY/MADRID (Reuters) – Tycoon Carlos Slim’s construction arm is in talks with his majority-owned construction firm FCC and rival Spanish builder Acciona to jointly bid on a coveted $3.5 billion (2.87 billion pounds) Mexico City airport terminal project, five people familiar with the matter said.

Carso Infraestructura y Construccion, part of Slim’s Grupo Carso, is hashing out a deal to form the consortium, which would include three other Mexican companies – all its partners from a winning bid for one of the airport’s runways, four of the people said in recent days, speaking on condition of anonymity.

The bid for the terminal, hot on the heels of Carso’s runway bid, shows how Slim, Mexico’s wealthiest man, is aggressively moving to boost his construction business as his telecoms arm America Movil is squeezed by increased competition and regulation.

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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.

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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.”

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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 Aprende.org, 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.

 

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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.

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