Carlos Slim News
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Telecom Italia SpA reduced its dividend payout for 2011 earnings as Italy’s biggest phone company focuses on cutting debt. The company forecast stable earnings and revenue this year.
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Billionaire Carlos Slim’s online news service has been banned from covering the popular Mexican soccer team owned by Grupo Televisa SAB, his opponent in an intensifying telecommunications rivalry.
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Grupo Televisa SAB, the world’s largest Spanish-language broadcaster, said fourth-quarter profit fell 17 percent as growth in its pay-TV divisions led to bigger payouts to partners.
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Ecopetrol SA, Colombia’s largest oil company, said fourth-quarter profit jumped 64 percent, beating analysts’ estimates, as crude production climbed.
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Ecopetrol SA, Colombia’s largest oil company, said fourth-quarter profit jumped 64 percent as production climbed, beating analysts’ estimates.
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America Movil SAB, the biggest mobile-phone carrier in the Americas, reported fourth-quarter profit that missed analysts’ estimates as costs rose to recruit new subscribers and service debt.
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Telefonos de Mexico SAB, the fixed- line unit of America Movil SAB, said fourth-quarter profit climbed 21 percent as demand from business customers helped blunt the blow of customer losses.
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Billionaire Carlos Slim was out of context and off the mark in his criticism of a study finding a lack of competition in Mexico’s phone industry, the Organization for Economic Cooperation and Development said.
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Grupo Bimbo SAB, the world’s largest breadmaker, plans to sell as much as 5 billion pesos ($395 million) of peso-denominated bonds as soon as today, its first transaction in Mexico since June 2009.
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Billionaire Carlos Slim’s U.S. mobile carrier is giving users instructions for switching their AT&T Inc. iPhones to his prepaid calling plans, showing them how to disable software aimed at preventing customers from defecting.
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