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Carlos Slim

BUSINESS
September 30, 2005 | From Bloomberg News
Mexican billionaire Carlos Slim led a group of business executives, union leaders and academics calling on presidential contenders to commit to a program they said would help spur economic growth and create jobs. About 400 business executives, including Grupo Televisa Chief Executive Emilio Azcarraga, signed an accord Thursday in Mexico City that calls for private investment in roads, energy, water, health and education.
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BUSINESS
July 26, 2005 | From Reuters
Billionaire Carlos Slim and leading broadcaster Televisa are joining forces in a new low-cost airline as the government sells off Mexico's largest carriers and opens the industry to competition. Slim's investment unit, Sinca Inbursa, and Televisa said Monday they would each take a 25% stake in Vuela, the new airline. The other partners are El Salvador-based airline Grupo Taca and investment fund Discovery Americas I, in which former Mexican Finance Minister Pedro Aspe plays a leading role.
BUSINESS
April 12, 2005 | From Bloomberg News
Verizon Communications Inc.'s agreement over the weekend to buy Carlos Slim's stake in MCI Inc. for more than it is offering other shareholders angered some of MCI's largest owners and put pressure on MCI's board to seek a higher offer. Slim, the world's fourth-richest person, will sell his 13% stake in MCI to Verizon for $25.72 a share, making Verizon the top MCI shareholder. Verizon, the biggest U.S. telephone company, will pay $2.62 a share more for Slim's stake than the $23.
BUSINESS
March 5, 2005 | From Bloomberg News
Carlos Slim, MCI Inc.'s biggest investor, said he opposed the company's planned sale to Verizon Communications Inc., adding to pressure on MCI Chief Executive Michael Capellas to negotiate a better deal. Verizon's $6.76-billon offer is too low and an $8-billion bid from Qwest Communications International Inc. also falls short, said Arturo Elias, a spokesman for Slim, who holds a 13.7% stake in Ashburn, Va.-based MCI. "We find the Qwest offer better, but it's also insufficient," Elias said.
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
March 23, 2004 | From Reuters
Mexican billionaire Carlos Slim and his family have accumulated 9.1% of Global Crossing Ltd.'s common stock, the U.S. fiber optic network operator said Monday. Reasons behind the purchase were not immediately clear. Slim, Latin America's richest man who has acquired a slew of telecommunications assets throughout the region, is known for his ability to turn battered companies around. He could not be reached for comment.
BUSINESS
June 27, 2003 | From Bloomberg News
Circuit City Stores Inc. said Mexican billionaire Carlos Slim made a $1.5-billion buyout offer that it rejected because the $8-a-share cash bid was too low. Slim, who owns 9.2% of the Richmond, Va.-based company, is considering whether to make a fresh proposal for stock in the company he doesn't already own, a spokesman for Slim said.
BUSINESS
March 16, 2000 | Reuters
Mexican businessman Carlos Slim, Latin America's richest man, will meet the world's wealthiest, Microsoft Corp. Chairman Bill Gates, on Tuesday to launch a Web portal aimed at Spanish-speakers from Canada to Patagonia. The entrepreneurs will launch the Internet site T1 from Miami, a source close to the organization committee said. In October, Slim's Telefonos de Mexico--a market bellwether--teamed up with Microsoft to develop the Web portal.
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