Telefonica SA, Latin America’s second-largest phone company, is counting on smartphone demand from Brazilian consumers to offset the effect of slower economic growth in its biggest market, said the region’s top executive.
The 200 richest people on the planet erased $26.6 billion from their collective net worth this week as Microsoft Corp. co-founder Bill Gates, 57, extended his lead over Mexico’s Carlos Slim as the world’s richest person to $4.3 billion, according to the Bloomberg Billionaires Index.
Clearwire Corp. climbed higher above Sprint Nextel Corp.’s $2.97-a-share takeover bid on the day before investors meet to vote on the deal, a sign shareholders anticipate a last-minute sweetening of the terms.
AT&T Inc. may seek to acquire Dish Network Corp., the second-largest U.S. satellite-TV company, to gain wireless spectrum after failing to purchase T-Mobile USA and its airwaves, Stifel Nicolaus & Co. said.
Carlos Slim’s title as the world’s richest person is increasingly under threat as Latin American countries move to crack down on his telecommunications dominance and his European investments turn sour.