Billionaire Carlos Slim’s dominance of Colombia’s wireless market is under threat as lawmakers and rivals press for market-share limits and seek to prevent him from getting licenses for faster smartphone speeds.
The Puerto Rico Aqueduct and Sewer Authority, which carries the lowest investment grade by Standard & Poor’s, plans to issue $1.25 billion in tax-exempt revenue bonds tomorrow in the year’s biggest muni sale.
AT&T Inc., a longtime ally of billionaire Carlos Slim, is now headed toward a partnership in Mexico with one of his fiercest rivals, Grupo Televisa SAB, as a result of its $48.5 billion acquisition of DirecTV.
Megacable Holdings SAB is outperforming all other Mexican telecommunications stocks on bets that the nation’s largest cable-TV company has the most to gain from proposals to make the industry more competitive.
America Movil SAB and Grupo Televisa SAB are being permitted by Mexican officials to keep their current deals to broadcast exclusive sports programming, though they can’t strike similar agreements in the future for certain events.