http://www.google.com/hostednews/afp/article/ALeqM5hmItnLIeV4IShoeM80EOm0m0QnLg?docId=CNG.c77bb96fc2c6873be20c46213d1efe50.1e1
The world's richest man...Carlos Slim...worth north of $74 billion...will continue his dominance of the overpriced Mexican telecom market...because a commission blocked a $1.6 billion deal to allow the merger of 2 of his biggest rivals.
"It's almost like an episode in the Wild West, where the sheriff can't enter to resolve a fight and the consumers are paying the cost," said an observer.
Slim's America Movil owns 80% of landlines, 70% of mobiles and 74% of internet access.
Popular Posts
- Mexican Court Frees 22 Convicted Of Chiapas Killings.
- Brasilian Senator Admits We Are "A Bunch Of Crooks."
- AUSTIN,TEXAS: Dell's Decline Revealed in A Lawsuit Over Defective Computers.
- CUBA: Food Processing Limitations Cause Waste.
- BOLIVIA: Morales Opponent Governor Removed By Legislature.
- Profile of a Cuban Spy
- SERBIA / LIBYA : Are Serbian Mercenary Pilots Bombing Protestors In Tripoli?
- ARGENTINA: Reciprocity Tourist Tax Begins.
- ARGENTINA: 2 Prisoners Escape As Dummy Stands Guard.
- ARGENTINA: Beat The IMF Boardgame Is Big Hit.