The world’s richest man maintains holdings in telecommunications (America
Movil), banking (Grupo Financiero Inbursa) and mining (Minera Frisco), as well as Philip Morris, New York Times, Saks and Caixabank. Through his family’s holding company, Grupo Carso, Slim also commands a large presence in the Mexican construction industry.
Royal KPN NV’s independent foundation, which has the power to defend the Dutch carrier from a takeover, said it’s concerned that Carlos Slim’s America Movil SAB isn’t being clear about its $9.6 billion offer.
America Movil SAB has a plan in place to ensure its credit rating isn’t lowered because of its offer to take control of Dutch phone company Royal KPN NV, Chief Financial Officer Carlos Garcia-Moreno said in an interview.
Telekom Austria AG and Royal KPN NV, the two European phone companies part-owned by Carlos Slim’s America Movil SAB, said they’re combining corporate-services networks in a bid to improve services for large customers.
TV Azteca SAB, the Mexican broadcaster controlled by billionaire Ricardo Salinas, fell the most in three months after the country’s exchange said the stock would be removed from the benchmark index next month.
Telekom Austria AG, one of the two European network operators part-owned by Carlos Slim’s America Movil SAB, reported second-quarter earnings that missed analysts’ estimates as fierce competition, economic headwinds and regulatory measures curbed profit.