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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Mexico’s America Movil eyes acquisition of Brazilian rival Oi: Valor

09/21/16 Reuters

America Movil SAB (AMXL.MX) is interested in acquiring some or all of the operations run by struggling Brazilian rival Oi SA (OIBR3.SA), the chief executive of the Mexican telecom giant said in a newspaper interview published on Wednesday.

Brazilian paper Valor Economico reported that Daniel Hajj, CEO of Mexican billionaire Carlos Slim’s telecom empire, said he was eyeing an acquisition of Oi operations whether or not the company is split up in the midst of an in-court restructuring.

“We are open to looking at anything,” Hajj said in the Valor report. “I am very interested in participating in the (market)consolidation in Brazil, but I don’t know how it will happen.”

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Mexico’s America Movil says proposes delisting from Nasdaq, Latibex

09/13/16 Reuters

TelmexMexican telecoms giant America Movil (AMXL.MX) said on Tuesday its board will propose to shareholders that it delist its shares from the Nasdaq and Latibex stock exchanges, without giving any further information.

In a regulatory statement, America Movil also said it would offer shareholders the choice to receive the second part of their ordinary dividend in cash or in shares.

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Mexico’s Telmex to offer Sixgill cybersecurity platform

09/07/2016 Telecom Paper

emprenderIsraeli cyber intelligence provider Sixgill has signed a strategic partnership agreement with Mexican information security company Scitum (Telmex). As part of the deal, Scitum will offer Sixgill’s portfolio as an “on-premise” solution, as well as under a SaaS model. It will be added to Scitum’s portfolio of services related to security and managed services that include the design, implementation and management of infrastructures of security of information and consulting.

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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.

Mexico postpones wholesale telecoms network bidding again

Reuters 07/16/16

GerardoRuizEsparzaMexico has postponed the bidding process for a planned wholesale telecommunications network by more than a month, the government said, in the latest upset to the project which has been plagued by delays since its inception.

In a statement on Friday evening, the Communications and Transport Ministry said proposals must now be submitted by Oct. 20, pushed back from the Sept. 8 deadline. The ministry said would-be bidders needed more time to secure financing for the project.

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Slim’s America Movil extends Mexico-U.S. ‘borderless’ plan to prepay

8/16/2015 Yahoo! Finance

cell phones 2America Movil <AMXL.MX> said on Sunday it removed roaming charges on calls to and data in the United States for 40 million Mexican prepay clients as it gears up to prevent new rival AT&T Inc. stealing market share on its home turf.

The company, owned by the family of billionaire Carlos Slim, said calls made to the United States by prepaid customers on “Amigo Optimo” and “Optimo Plus” plans would now be charged local rates. The same would apply when using data in the United States.

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