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Mexican phone, TV firms raise ante

Wall Street Journal | March 10, 2011 | Jose De Cordoba MEXICO CITY–Three powerful billionaires, lambasting one another as "monopolists" and "duopolists," filed complaints against each other Wednesday, ratcheting up a battle over Mexico's $35 billion telecommunication and broadcast markets. First, a coalition of 25 cable,...

Mexico’s Telmex to split in two

Wall Street Journal | March 9, 2011 | Anthony Harrup MEXICO CITY—Mexico's largest phone company Telefonos de Mexico SAB said it plans to split into two companies, one of which will serve rural and marginalized areas where competitors haven't invested. The decision by the company controlled by...

Mexico's Telmex to split in two

Wall Street Journal | March 9, 2011 | Anthony Harrup MEXICO CITY—Mexico's largest phone company Telefonos de Mexico SAB said it plans to split into two companies, one of which will serve rural and marginalized areas where competitors haven't invested. The decision by the company controlled by...

Latin Day Ahead: Brazil Signals It Will Raise Rates Next Month

Bloomberg | March 4, 2011 | Laura Price Brazil Says Raising Rate to 11.75% Part of ‘Adjustment Process’ Brazil’s central bank signaled it will raise the benchmark interest rate for a third straight meeting next month, after pushing borrowing costs yesterday to a two-year high to cool...

Billionaire vs. billionaire in Mexico feud

Wall Street Journal | March 4, 2011 | JOSÉ DE CORDOBA MEXICO CITY—Three of Mexico's most prominent billionaires—who were once a cozy group of amigos protecting each other's backs—are now battling over how to divvy up the country's $35-billion-a-year telecommunication and TV-broadcast market. The fight pits Carlos Slim,...

Mexican telecoms call for regulation of Telcel’s rates

Fox News | March 3, 2011 More than 20 telephone operators have banded together to ask the Mexican government to regulate the interconnection fees charged by billionaire Carlos Slim's Telcel, the companies said. "In an unprecedented move, our country's telecommunications operators ... have joined together with...

Mexican telecoms call for regulation of Telcel's rates

Fox News | March 3, 2011 More than 20 telephone operators have banded together to ask the Mexican government to regulate the interconnection fees charged by billionaire Carlos Slim's Telcel, the companies said. "In an unprecedented move, our country's telecommunications operators ... have joined together with...

America Movil unit to invest $180 million in Ecuador in 2011

Wall Street Journal | February 17, 2011 | Mercedes Alvaro Of DOW JONES NEWSWIRES QUITO (Dow Jones)--Ecuador's largest cellphone company, Porta Celular, the local unit of Mexican communications giant America Movil SAB, (AMX, AMX.MX) plans to invest about $180 million during 2011 in the Andean country,...

Mexico tycoon rivalry worsens over jump in ad rates

Reuters | February 21, 2011 | Cyntia Barrera Diaz (Reuters) - Billionaire Carlos Slim pulled advertising from Mexico's top broadcaster after ad rates spiked by 20 percent, a Slim spokesman said on Sunday, in a deepening rivalry between two of the country's top tycoons. But while Slim's...

Televisa faces loss of advertising

Wall Street Journal | February 18, 2011 | Jose De Cordoba MEXICO CITY—Companies controlled by Mexican billionaire Carlos Slim have decided to stop advertising through the country's biggest broadcaster, Grupo Televisa SAB. The move by Mr. Slim, expected to cost Televisa some 4% of its advertising...

Carlos Slim interview

Bloomberg | February 10, 2011 | Betty Liu Feb. 10 (Bloomberg) -- Mexican billionaire Carlos Slim talks with Bloomberg's Betty Liu about his 2011 investment strategy in Latin America and his holdings in Saks Inc. and the New York Times Co. They spoke yesterday in...

UPDATE 2-Mexico’s America Movil profit down; subscribers up

Reuters | February 8, 2011 | Michael O'Boyle * America Movil posts 4.7 pct drop in profits * Surprisingly strong growth in new mobile subscribers * Bigger stake helps lift Slim's wealth to about $75 bln (Updates with earnings results, estimate on growth of Slim's total wealth, rewrites...

UPDATE 2-Mexico's America Movil profit down; subscribers up

Reuters | February 8, 2011 | Michael O'Boyle * America Movil posts 4.7 pct drop in profits * Surprisingly strong growth in new mobile subscribers * Bigger stake helps lift Slim's wealth to about $75 bln (Updates with earnings results, estimate on growth of Slim's total wealth, rewrites...

Slim’s Telcel pitches new fee proposal to rivals

Reuters | February 4, 2011 | Cyntia Barrera Diaz Telcel, the commercial brand of tycoon Carlos Slim's cell phone giant America Movil, proposed new, lower fees for its rivals to connect to the company's massive network in Mexico on Friday. The fees that Telcel charges to...

Slim's Telcel pitches new fee proposal to rivals

Reuters | February 4, 2011 | Cyntia Barrera Diaz Telcel, the commercial brand of tycoon Carlos Slim's cell phone giant America Movil, proposed new, lower fees for its rivals to connect to the company's massive network in Mexico on Friday. The fees that Telcel charges to...

UPDATE 2-Mexico’s Telmex profit slumps 32 pct on tax hit

Reuters | February 3, 2011 | Michael O'Boyle and Tomas Sarmiento * Net profit of 3.39 bln pesos below estimates * EBITDA and revenues also miss, taxes higher * Sheds 291k line, adds 835k broadband, yr/yr (Adds detail on broadband subscribers) Billionaire Carlos Slim's  Telmex, Mexico's...

UPDATE 2-Mexico's Telmex profit slumps 32 pct on tax hit

Reuters | February 3, 2011 | Michael O'Boyle and Tomas Sarmiento * Net profit of 3.39 bln pesos below estimates * EBITDA and revenues also miss, taxes higher * Sheds 291k line, adds 835k broadband, yr/yr (Adds detail on broadband subscribers) Billionaire Carlos Slim's  Telmex, Mexico's...

UPDATE 3-Tycoon Slim plans more investment in Mexico in 2011

Reuters | January 31, 2011 | Cyntia Barrera Diaz and Veronica Gomez * Slim, world's richest person, to invest $3.6 bln in Mexico * Mine unit looking to expand in Mexico and beyond * Held conference at art-packed Mexico City office (Adds details on Swecomex, Dish) MEXICO...

Carlos Slim: World’s richest man

CNBC | January 2011 | Michelle Caruso Cabrera Mexico's Carlos Slim tells CNBC's Michelle Caruso Cabrera about the businesses he owns, what he's going to do with his wealth, and where he may be investing next. Video via CNBC

Carlos Slim: World's richest man

CNBC | January 2011 | Michelle Caruso Cabrera Mexico's Carlos Slim tells CNBC's Michelle Caruso Cabrera about the businesses he owns, what he's going to do with his wealth, and where he may be investing next. Video via CNBC

UPDATE 1-Mexico’s America Movil offers to swap Telmex debt

* America Movil offers extends to 1.3 bln of Telmex notes * Investors have until March 3 to swap debt (Recasts, adds amount of debt swap and deadline) Jan 31 (Reuters) - Mexican billionaire Carlos Slim's flagship telecommunications provider America Movil said on Monday it would...

UPDATE 1-Mexico's America Movil offers to swap Telmex debt

* America Movil offers extends to 1.3 bln of Telmex notes * Investors have until March 3 to swap debt (Recasts, adds amount of debt swap and deadline) Jan 31 (Reuters) - Mexican billionaire Carlos Slim's flagship telecommunications provider America Movil said on Monday it would...

América Móvil's Panamanian subsidiary launches Synchronica-based Claro messenger

Synchronica | January 25, 2011 | Press Release Highlights: Claro Panamá becomes the sixth América Móvil subsidiary to launch Claro Messenger IM solution Synchronica has a group-wide framework agreement to deploy the service across all 17 América Móvil subsidiaries, targeting 217-million subscribers ...

América Móvil’s Panamanian subsidiary launches Synchronica-based Claro messenger

Synchronica | January 25, 2011 | Press Release Highlights: Claro Panamá becomes the sixth América Móvil subsidiary to launch Claro Messenger IM solution Synchronica has a group-wide framework agreement to deploy the service across all 17 América Móvil subsidiaries, targeting 217-million subscribers ...