Posts
Billionaire bargain hunter Carlos Slim...the world's richest man with $66 billion...is moving into the troubled EU...by buying 21% of Austria Telecom...for $1.1 billion.
Distressed companies...and a central and eastern europe foothold appeal to Slim...since his America Movil's control of 87% of Mexico's landlines...is finally being challenged by other telecoms and the courts...while growth is slowing there and in Brasil.
Slim also recently tendered a hostile offer for 28% of the faltering Dutch telecom KPN.
America Movil is a major telecom player in 18 Latin American nations...with $49 billion in revenues in 2011.
AND : How monopolies still rule Mexico...from bread to TV...milk to beer....gasoline to electricity.
It's the way it's done...and has always been done.
http://www.sacbee.com/2012/06/17/4567600/monopolies-thrive-in-mexico.html
