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
- MEXICO : Narcos Hoist Banners In Guanajuato... Demanding Peace For Pope's Visit.
- RUSSIA / CZECH REP / SWEDEN / MEXICO / BRASIL: Gauging Navalny's Real Support; American Sought For 4 Murders In Brno; Rioting Near Stockholm Spreads On 4th Night; Vigilantes Continue Narco Fight In Tierra Caliente; October Auction Scheduled For Giant Libra Subsalt Field.
- ARGENTINA: MaradonaTo Continue As Soccer Coach.
- ARGENTINA: 2 Prisoners Escape As Dummy Stands Guard.
- Brasilian Senator Admits We Are "A Bunch Of Crooks."
- POLAND: The Mass Movement To The UK... Continues.
- MEXICO: Legislature Votes To Strip Immunity From Politician Accused Of Narco Ties.
- BRASIL: Judge Stops Critical S. Paulo Airport Expansion Over Improper Bids.
- COLOMBIA : 13 July UPDATE: War Between The Presidents: Prez Santos Risks Rebel Stronghold Visit; Popularity Declines As FARC Rebuilds; Former Ally Seeks Santos Job.
- Profile of a Cuban Spy