04 March 2011

MEXICO: 3 Billionaires Squabble Over Telecom/TV Market.

WSJ/ J.de Cordoba

    "Three of Mexico's most prominent billionaires—who were once a cozy group of amigos protecting each other's backs—are now battling over how to divvy up the country's $35-billion-a-year telecommunication and TV-broadcast market.
     The fight pits Carlos Slim, the world's richest man and principal owner of Mexico's biggest land-line and cellular-phone companies, against the country's top two media tycoons, Emilio Azcárraga, principal owner of No. 1 broadcaster Grupo Televisa SAB, and Ricardo Salinas, principal owner of TV Azteca SAB as well as the cellphone company Iusacell."