Slim to invest MXN 20 bln in telecoms ops in 2011

Tuesday 1 February 2011 | 08:31 CET | News
Mexican billionaire Carlos Slim plans to invest around MXN 10 billion in his mobile unit America Movil this year. Slim will also inject MXN 10 billion in his fixed-line operator Telmex this year. The statement was made at a meeting with reporters in the Mexican capital. Slim also said he is not interested in acquiring a stake in Mexican DTH TV service provider Dish Mexico. "We are not focused on that, we are waiting (for the authorization) to offer triple play", Slim said. Investments in Mexico will mainly focus on expanding the high-speed internet network, "so that two of every three people

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: General
Companies: America Movil / Embratel / Telmex
Countries: Brazil / Mexico
::: add a comment


Having backed Tracfone for 8 years, and Net10 for the last 2 1/2 of those 8, I really hope part of the 10 billion he's investing in America Movil, will be used toward improving Net10's choice in smart phone, thereby improving our internet speeds on Verizon or AT&T. They definitely have the best all round service, but are still lagging behind the post paid sector in terms of phones and as a result, net speeds. I realize Mexico is important to him, but don't forget your US based support.
F Barr @ 13/2/2011 - 07:27

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Slim to invest MXN 32.5 bln in Mexico telecoms ops in 2012

Published 07 Mar 2012 09:14 CET | Latin America
Mexican billionaire Carlos Slim's companies plan to invest 60.25 billion pesos (approximately USD 4.64 billion) in Mexico this ...

America Movil fined USD 1 bln for monopoly practices

Published 16 Apr 2011 10:50 CET | Mexico
America Movil announced it has been ordered to pay a MXN 11.99 billion (approximately USD 1 billion) fine by Mexican competition ...

Claro Argentina to increase investment in 2011

Published 17 Nov 2010 10:09 CET | Argentina
Mobile operator Claro Argentina, an America Movil subsidiary, plans to invest USD 420 million in 2011, after having invested USD ...

Slim's Telmex, Telcel take 67% of telecom revenues - study

Published 12 Oct 2010 12:48 CET | Mexico
Mexico's telecommunications sector generated MXN 191.18 billion in the first half of the year, of which 66.9 percent went to ...

Slim offers USD 2.6 bln for Brazil's Net Servicos

Published 06 Aug 2010 07:59 CET | Brazil
Brazilian operator Embratel, controlled by Mexican billionaire Carlos Slim, has offered BRL 4.58 billion (approximately USD 2.61 ...

America Movil acquires 93.56% of Telint, 99.44% of Carso

Published 17 Jun 2010 07:41 CET | Latin America
America Movil has released the final results for its tender offers for Carso Global Telecom and Telmex International (Telint). ...

Slim eyes PT stake acquisition to block Telefonica – report

Published 27 May 2010 14:02 CET | Brazil
Mexican billionaire Carlos Slim could acquire a stake in Portugal Telecom. The move aims to fend off a possible PT takeover bid ...

America Movil cuts 2010 capex by up to 33%

Published 04 Feb 2010 12:45 CET | Latin America
America Movil's planned investments for 2010 range USD 3 bln and USD 3.5 bln. The figure equals a reduction of 22 to 33 percent ...

Calendar   /   Industry Events

25 Jan Ericsson Q4 2021
25 Jan F5 fiscal Q1
25 Jan Verizon Q4 2021
25 Jan Microsoft fiscal Q2
25 Jan Uniti Group Q4
25 Jan European 5G Conference
26 Jan AT&T Q4 2021
26 Jan Corning Q4 2021
26 Jan Intel Q4 2021
26 Jan Calix Q4 2021
26 Jan Crown Castle Q4 2021
27 Jan Extreme Networks fiscal Q2
27 Jan Elisa Q4 2021
27 Jan Apple fiscal Q1
27 Jan Juniper Networks Q4 2021
27 Jan STMicroelectronics Q4 2021
27 Jan Samsung Electronics Q4 2021
27 Jan MTN Nigeria Q4 2021
27 Jan Rogers Communications Q4 2021
27 Jan Comcast Q4 2021
27 Jan FCC meeting
28 Jan SK Hynix Q4
28 Jan Charter Communications Q4
28 Jan Telia Lithuania Q4 2021
28 Jan Telia Company Q4 2021
31 Jan KPN Q4 2021
31 Jan Cirrus Logic Q3
31 Jan NXP Semiconductors Q4 2021
31 Jan NEC fiscal Q3
31 Jan Harmonic Q4
::: More Calendar Items