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General

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

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Categories: General
Companies: America Movil / Embratel / Telmex
Countries: Brazil / Mexico
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Comments

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


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