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.
AT&T Inc. executives are laying the groundwork internally for a potential takeover of Vodafone Group Plc next year, mapping out a strategy for a complex deal with Europe’s largest mobile carrier, people familiar with the situation said.
Maxcom Telecomunicaciones SAB’s 3 billion-peso ($233 million) lifeline from shareholders gives the Mexican telephone company a chance to benefit from the industry’s growth and potential mergers, its chairman said.
Xavier Niel, the founder of French mobile and broadband provider Iliad SA, has made a second career backing startups with uncertain prospects. Now he’s ready to apply those skills to Europe’s beleaguered phone companies.
Telecom Italia SpA, the phone company that lost its chief executive officer as well as its investment-grade rating this month, is considering a capital increase of as much as 2 billion euros ($2.8 billion), according to three people familiar with the matter.
Grupo Financiero Inbursa SAB, the bank controlled by billionaire Carlos Slim, is in talks to buy Standard Bank Group Ltd.’s Brazil unit for about 130 million reais ($59.3 million), two people with direct knowledge of the negotiations said.
At the World Monuments Fund gala last night, honoree Roberto Hernandez Ramirez, former chief executive officer of Banco Nacional de Mexico SA, had his daughters, sons-in-law and a grandson fly from Mexico City to join him in the Plaza’s ballroom.
Billionaire Carlos Slim, the world’s second-richest person, is getting about 7.3 billion pesos ($565 million) in cash as his holding company distributes the proceeds from the sale of its cigarette business.