América Móvil, the Latin American carrier owned by magnate Carlos Slim, has announced a deeper partnership with AT&T to deliver IP-based services to enterprises throughout LatAm and growth markets in Asia and the Middle East.
In a telecoms market not noted for competition, Mexico’s MVS Communicaciones’ announcement of plans to invest $1bn in an LTE network as part of a consortium that includes Clearwire and Intel should, in theory, shake things up. The consortium would sell access to its network to a variety of local players, including its rivals, opening up a market that has been dominated by billionaire Carlos Slim’s America Movil.
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Latin American operator, America Movil, has launched its $21.8bn bid for control of three other regional telecoms firms. It sounds like big money but given that America Movil’s top man is none other than Carlos Slim Helu, the richest man in the world, such moves are to be expected.
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In a week dominated by events as profoundly sobering as the Haitian earthquake and its aftermath, the news that the mobile industry will turn over more than $1 trillion for the first time in 2013 is given serious context. Aid agencies that are calling for donations in the stricken Caribbean nation report that £50 can buy a food parcel that will feed a displaced family for two weeks.
Carlos Slim, head of Latin American powerhouse America Movil and third richest man in the world, may be jumping a couple of spaces in the rich list on the back of a move to consolidate his empire.
The son of Carlos Slim, one of the three richest men in the world, Patrick Slim Domit inherited from his father the number one spot at the third largest mobile carrier group in the world, by subscriber numbers.
Spare ribs, that’s what the Informer needs after all of the ones he was born with exploded from excessive laughter this week, which featured, nestled at its centre, April Fool’s Day. One of the great George W. Bushisms runs: “There’s an old saying in Texas: ‘Fool me once… shame on… shame on you. Fool me… you can’t get fooled again.” And that’s kind of how the Informer felt as March went out like a lamb.
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Europe Mexican mobile operator Telcel, a subsidiary of America Movil, said this week it has launched a mobile TV service in Mexico. The carrier has teamed up with content distributor and mobile TV platform ROK Entertainment Group to launch Ideas TV, a streamed, live and on demand mobile TV subscription service, delivered over Telcel’s 3G network [...]
America Movil’s rapid rate of expansion throughout Latin America has helped its owner, Carlos Slim Helu, obtain a prominent seat at the table of world’s super rich.
Emerging markets operators are pressing ahead on new frontiers
Issue 150 May 2008
Featuring:
Enterprise Services: Operators are looking for new ways to differentiate themselves.
America Movil: From emerging market specialist to continental powerhouse.
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