By Christine Murray MEXICO CITY (Reuters) – Carlos Slims America Movil, Latin Americas biggest telecoms company, said on Monday that new regulation in its core Mexico market was beginning to weigh on its performance. In Mexico, where the company makes almost two-thirds of its core profit, tough new regulations that force it to share infrastructure, […]
America Movil said on Monday that its profit in the second quarter rose 32.7 percent from a year earlier on lower financial and exchange-rate costs but missed analysts expectations. The telecommunications company, controlled by the worlds richest man Carlos Slim, said that profit rose to 18.83 billion pesos ($1.45 billion) from 14.19 billion pesos in […]
By Michael OBoyle MEXICO CITY (Reuters) – A quick sale of a block of billionaire Carlos Slims vast telecoms empire to a foreign company may be the fastest path to lower prices, broader coverage and better service for Mexican consumers. Controlling around 70 percent of Mexicos mobile market and more than 60 percent of landlines, […]
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