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.

Read more…

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.

Read more…

Mexico’s leading telecom giant is making some radical moves to compete with AT&T

07/17/15 Business Insider

cell phones 2MEXICO CITY (Reuters) – Mexican telecoms giant America Movil, controlled by billionaire Carlos Slim, will respond to a challenge from U.S. carrier AT&T by offering some subscribers free calls to and data in the United States, and will also invest $6 billion in its network in Mexico, its chief executive said on Thursday.

AT&T has challenged America Movil on its home turf with the purchases of two Mexican wireless operators. America Movil Chief Executive Officer Daniel Hajj said the company would eliminate roaming charges from Mexico to the United States for post-pay customers who opt to pay an extra 50 pesos ($3.16) per month.

Read more…

Mexico Awards Two TV Networks to Local Media Tycoons

03/11/15 Wall Street Journal 

globe - south america - connections to worldMexico awarded Wednesday two new national broadcast networks to two lesser-known local media tycoons, in an effort to increase competition in a market dominated by the longstanding TV duopoly of Grupo Televisa and Azteca. After a long auction process, the telecom regulator said the new TV networks will be licensed to Grupo Radio Centro, one of the country’s biggest radio broadcasters led by Francisco Aguirre, and Grupo Imagen of Olegario Vázquez, who also owns Mexican newspaper Excelsior, several radio stations and regional pay-TV channels.

Read More… 

Mexico sees tender for $10 billion mobile network by early October

03/11/15 Reuters 

telecomunicaiconesMexico hopes to launch the tender for a $10 billion national mobile broadband network by early October, the country’s transport and communications ministry (SCT) said on Wednesday. Creation of the network was written into Mexico’s constitution as part of a telecoms sector overhaul finalized last year that aims to boost competition and investment in a sector dominated by billionaire Carlos Slim’s America Movil. The project, which he government estimates will cost $10 billion over 10 years, will give Slim’s mobile competitors better coverage without relying on America Movil’s network or bearing the cost of building their own.

Read More… 

The DIY Cell Phone Revolution in Mexico

By Dana Driskill, 1/15/2015

Innovation2San Juan Yaee, Oaxaca is a small town of 500 people in Mexico that, until very recently, did not have access to their own cell phone network, according to a recent article in Wired. Rhizomatica, a telecommunications non-profit based in Oaxaca, is looking to change that by installing a cell phone tower and a network. Yaee will be one of hopefully six more networks installed throughout Oaxaca by the end of the year.

Yaee and other communities pay 120,000 pesos ($8,000 dollars) upfront for the equipment and installation, about one-sixth of what Mexican commercial provider Movistar charges for a similar rural installation. Seventy five percent of the payment covers the cost of hardware, and the remaining portion is for Rhizomatica’s time and expenses. After installation, subscribers to the community network will pay 30 pesos (about $2) per month for local calls and texts. After paying for electricity and maintenance, the leftover profit is for the town.

Read more… 

Related Article…