Showing posts with label Carlos Slim. Show all posts
Showing posts with label Carlos Slim. Show all posts

Wednesday, 9 July 2014

Reforms force break-up of Carlos Slim's telecoms empire

Mexican telecoms reforms are forcing the break-up of billionaire Carlos Slim's America Movil empire, Latin America's biggest telecoms company.
Mr Slim, one of the world's richest men, says he will bring America Movil's market share below 50%.
Its Telmex fixed line subsidiary has 80% of the Mexican market and its mobile Telcel operation 70%.
The reforms would make America Movil in its present form a