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Carlos Slim

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BUSINESS
March 10, 2011 | From Times wire reports
The richest man in the world remains Carlos Slim, according to Forbes magazine's list of billionaires. The number of billionaires increased by 199 in the past year, according to the magazine, but it was the Mexican telecom magnate Slim, who kept the No. 1 spot for the second year by increasing his worth by $20.5 billion to $74 billion. Photos: Some of the richest people in the world Microsoft Corp. co-founder Bill Gates, who is worth $56 billion, is No. 2 on the list.
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WORLD
March 31, 2014 | By Tracy Wilkinson
MEXICO CITY - The government of President Enrique Peña Nieto says a proposed new telecommunications law would finally break up Mexico's powerful and much-criticized TV and telephone monopolies. The proposal and other reforms have generated considerable praise abroad for Peña Nieto and his Institutional Revolutionary Party, or PRI, which ruled the country for seven decades before a 12-year hiatus and a return to power in late 2012. But a growing number of domestic critics are reading the fine print of the telecommunications plan and finding many things to worry about.
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WORLD
January 26, 2013 | By Daniel Hernandez
MEXICO CITY -- Carlos Slim's telecommunications empire, Telmex, is poised to get a new shot at realizing its long-held goal of entering Mexico's television market after a regulatory board this week approved rules that may allow the world's richest man to launch a for-pay TV channel.  Mexico's television market is almost completely dominated by the duopoly of media giant Televisa and  TV Azteca, which together control about 95% of what viewers see and hear on the country's airwaves.
BUSINESS
March 8, 2014 | By Richard Fausset
MEXICO CITY - A Mexican regulatory agency has ordered the massive companies that dominate this nation's telephone and broadcast television sectors to share their network infrastructure with competitors, a move that could seriously alter Mexico's telecommunications landscape in the months and years to come. The rulings by the Federal Telecommunications Institute appeared to be a "step in the right direction" for the Mexican economy, said George W. Grayson, a Mexico specialist at the College of William and Mary.
BUSINESS
May 21, 2013 | By Marc Lifsher
SACRAMENTO -- Mexican telecom billionaire Carlos Slim is punching back at an advocacy group that's been criticizing him across the country and on the steps of the California Capitol building. Slim's Miami-based subsidiary, TracFone Wireless Inc., on Monday filed a complaint with California's political watchdog agency against an organization called Two Countries One Voice. The group has been protesting and pressing for legislation that could slow the expansion of TracFone's pre-paid cellphone network in the United States.
WORLD
April 3, 2013 | By Tracy Wilkinson, Times Staff Writer
MEXICO CITY - In an unusual legal action against the world's richest man, Mexico is suing the telecommunications giant Telmex for charging allegedly illegal fees that were tacked on to what are already some of the highest phone rates among developed countries. The lawsuit, filed in civil court by the federal consumer protection agency, aims to end a set of fees and, in what may be a first in this country, recover money for millions of telephone users. Telmex provides about 80% of fixed telephone lines in Mexico.
BUSINESS
March 8, 2014 | By Richard Fausset
MEXICO CITY - A Mexican regulatory agency has ordered the massive companies that dominate this nation's telephone and broadcast television sectors to share their network infrastructure with competitors, a move that could seriously alter Mexico's telecommunications landscape in the months and years to come. The rulings by the Federal Telecommunications Institute appeared to be a "step in the right direction" for the Mexican economy, said George W. Grayson, a Mexico specialist at the College of William and Mary.
BUSINESS
September 5, 1999 | JAMES F. SMITH, TIMES STAFF WRITER
When he was 12, Carlos Slim Helu created a ledger so he could record exactly how he spent every centavo of the five-peso allowance his father gave him each week. That childhood self-discipline underpins a career that has made Slim, now a gray-bearded 59, Latin America's richest man. Forbes magazine estimates his fortune at $8 billion--making him the 27th-richest man in the world. But parsimony isn't the whole story. In a rare interview, Slim reminisced recently about another, very different early lesson from his father.
WORLD
March 31, 2014 | By Tracy Wilkinson
MEXICO CITY - The government of President Enrique Peña Nieto says a proposed new telecommunications law would finally break up Mexico's powerful and much-criticized TV and telephone monopolies. The proposal and other reforms have generated considerable praise abroad for Peña Nieto and his Institutional Revolutionary Party, or PRI, which ruled the country for seven decades before a 12-year hiatus and a return to power in late 2012. But a growing number of domestic critics are reading the fine print of the telecommunications plan and finding many things to worry about.
BUSINESS
July 22, 2004
Billionaire investor Carlos Slim received permission from state regulators in the U.S. to boost his stake in Global Crossing Ltd. to as much as 20%.
BUSINESS
July 8, 2013 | By Salvador Rodriguez
Shazam, the mobile app that instantly recognizes songs and TV commercials, has announced a $40-million round of funding led by Mexican billionaire Carlos Slim. The app, which users turn on when they hear a song that they want to identify, said the funding is being headed up by Slim's company, America Movil, one of the world's largest wireless communication firms. Shazam Chief Executive Rich Riley called the investment a milestone. “It's a great continuation of the incredible momentum that we have,” he said.
BUSINESS
May 21, 2013 | By Marc Lifsher
SACRAMENTO -- Mexican telecom billionaire Carlos Slim is punching back at an advocacy group that's been criticizing him across the country and on the steps of the California Capitol building. Slim's Miami-based subsidiary, TracFone Wireless Inc., on Monday filed a complaint with California's political watchdog agency against an organization called Two Countries One Voice. The group has been protesting and pressing for legislation that could slow the expansion of TracFone's pre-paid cellphone network in the United States.
WORLD
April 3, 2013 | By Tracy Wilkinson, Times Staff Writer
MEXICO CITY - In an unusual legal action against the world's richest man, Mexico is suing the telecommunications giant Telmex for charging allegedly illegal fees that were tacked on to what are already some of the highest phone rates among developed countries. The lawsuit, filed in civil court by the federal consumer protection agency, aims to end a set of fees and, in what may be a first in this country, recover money for millions of telephone users. Telmex provides about 80% of fixed telephone lines in Mexico.
WORLD
January 26, 2013 | By Daniel Hernandez
MEXICO CITY -- Carlos Slim's telecommunications empire, Telmex, is poised to get a new shot at realizing its long-held goal of entering Mexico's television market after a regulatory board this week approved rules that may allow the world's richest man to launch a for-pay TV channel.  Mexico's television market is almost completely dominated by the duopoly of media giant Televisa and  TV Azteca, which together control about 95% of what viewers see and hear on the country's airwaves.
BUSINESS
December 27, 2012 | By Marc Lifsher, Los Angeles Times
SACRAMENTO - A prepaid cellular company controlled by Mexican billionaire Carlos Slim is taking fire as it moves to expand in the lucrative California market. TracFone Wireless Inc., which has more than 21 million users in the United States, is the country's biggest player in the fast-growing business of selling low-cost cellphones and prepaid minutes - often to low-income customers. These phones, typically costing users as little as $20 for a phone and 60 minutes of use, appeal to many customers who don't want or can't afford to sign yearlong or multiyear contracts.
BUSINESS
December 6, 2012 | Bloomberg News
Carlos Slim, the world's richest person, is confronting a mounting backlash that's coming from the same parts of Latin American that made him wealthy. Authorities in several countries are moving to rein in his telecommunications empire. A wave of telecommunications regulation has swept the area in the last four months. Mexico's new president pledged last week to stimulate competition against Slim. In Brazil, institutions that monitor the phone industry are also gaining teeth, while populist politicians in countries such as Argentina and Colombia are spurring rule changes.
BUSINESS
May 1, 2004 | From Bloomberg News
Carlos Slim, Latin America's richest man, stepped down as chairman of the board of Telefonos de Mexico and handed over the responsibilities to his eldest son, Carlos Slim Domit. Carlos Slim Domit, 37, formerly co-chairman of Telmex with his father, takes over immediately, according to a filing with the U.S. Securities and Exchange Commission. His father, 64, will remain honorary lifetime chairman of the company he has run for 14 years, the filing said.
BUSINESS
May 6, 2005
Saks Inc. shareholder Carlos Slim increased his stake in the retailer to 13% to become its second-largest shareholder. Saks shares rose 66 cents to $17.56 on the New York Stock Exchange.
BUSINESS
March 6, 2012 | By Jim Puzzanghera, Los Angeles Times
Mexican tycoon Carlos Slim lost nearly $500 million over the weekend but remains the world's richest person. Microsoft Corp. co-founder Bill Gates, who ranks second, closed the gap a bit because he only lost about $100 million. The daily financial gyrations in the net worth of the world's richest people now can be followed like stock prices or baseball standings through the new Bloomberg Billionaires Index. "The index is a dynamic measure of the world's wealthy based on changes in markets, the economy and Bloomberg reporting," the financial news company said.
BUSINESS
March 5, 2012 | By Jim Puzzanghera
Mexican tycoon Carlos Slim lost nearly $500 million over the weekend, but remains the world's richest person. Microsoft co-founder Bill Gates, who ranks second, closed the gap a bit because he only lost about $100 million. The daily financial gyrations of the net worth of the world's richest people now can be followed like stock prices or baseball standings, with the unveiling of the Bloomberg Billionaires Index . "The index is a dynamic measure of the world's wealthy based on changes in markets, the economy and Bloomberg reporting," the financial news company said.
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