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.
Billionaire Carlos Slim plans to exercise warrants by the end of the year that will more than double his stake in the New York Times Co. to as much as 19 percent, a person with knowledge of the matter said.
Canadian Prime Minister Stephen Harper’s frustration with U.S. President Barack Obama’s failure to approve the Keystone XL pipeline may make this installment of the North America summit, known as the “Three Amigos,” the frostiest since the annual meetings began almost a decade ago.
Telefonica SA is in talks to combine its Mexico operations with Grupo Iusacell SA to form a bigger mobile-phone competitor to billionaire Carlos Slim’s America Movil SAB, people with knowledge of the matter said.
Royal KPN NV, the biggest Dutch telecommunications provider, plans to eliminate as much as 14 percent of its workforce in the country over the next three years as a mobile-phone price war hurt earnings.