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Carlos Slim

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Mexican tycoon Slim seeks funding details of U.S. protest group

A U.S. cellphone company owned by Carlos Slim has asked Californian authorities to investigate the funding behind protests against the Mexican tycoon by lobby group Two Countries, One Voice.The group has been leading U.S. protests against Slim, accusing his phone company of charging Mexican immigrants inflated prices to call home, just as the billionaire tries to build up business in the United States.Slim's small but growing U.S. cellphone company Tracfone on Tuesday said it filed a complaint with California's Fair Political Practices Commission, alleging the group has been lobbying state officials and regulatory bodies."We have requested that the FPPC investigate our claims...to determine the true sponsors of (Two Countries, One Voice) and whether the political process in California has been unduly subverted by corporate and/or political interests."A spokesperson for California's FPPC did not immediately respond to messages.It is not the first skirmish between Slim and the group.Last...

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  1. Mexico's Homex Sells Penitentiaries to Slim Firms for MXN4 Billion

    Financially troubled Mexican homebuilder Desarrolladora Homex SAB (HXM, HOMEX.MX) said Friday it has struck a deal to sell its stake in federal penitentiaries in the...

  2. Brazil's Embratel 1st Quarter Profit Drops On Rising Costs

    Brazilian telecommunications company Embratel Participacoes SA's (EBTP4.BR) net profit dropped in the first quarter due to a rise in costs, mainly those linked with ...

  3. America Movil's First-Quarter Net Profit Falls 17% from Year Ago

    Telecommunications company America Movil (AMX, AMX.MX) said Thursday that its net profit fell 17% in the first quarter as lower operating profits offset a small incr...

  4. America Movil Seen Reporting Lower Earnings

    Mexican telecommunications heavyweight America Movil SAB (AMX, AMX.MX) is expected to report lower earnings for the first quarter as increasing migration to smartpho...

  5. Carlos Slim Plans to Merge His Companies in Brazil

    America Movil SAB de CV (AMX, AMOV, AMX.MX), controlled by Mexican billionaire Carlos Slim, is planning to merge its operations in Brazil, where it owns mobile and f...

  6. Telecom Italia Approves Hutchison Whampoa Talks

    The board of Italy's largest telecommunications operator, Telecom Italia (TIA, TI, TIT.MI), Thursday gave the go-ahead for talks on a possible merger with the Italia...

  7. Mexico's Carlos Slim increases stake in America Movil: SEC filing

    The world's richest man, Mexico's Carlos Slim, has increased his stake in his flagship phone company, America Movil, according to a filing with the Securities and Ex...

  8. Mexican Antitrust Agency Confirms America Movil's Dominance in Mobile

    Mexico's antitrust commission said Thursday it has confirmed an earlier ruling that America Movil SAB (AMX, AMX.MX) unit Telcel is dominant in the Mexican mobile-tel...

  9. Mexico antitrust body suspends fine against Slim's Telmex

    Mexico's competition watchdog said on Wednesday it would temporarily suspend a $53 million fine it had levied against a fixed-line phone company controlled by billio...

  10. AT&T Authorizes Added 300-Million-Share Buyback Program

    AT&T Inc.'s (T) board has approved the buyback of up to 300 million additional shares, but noted that the repurchase rate will slow from the recent pace.The carrier'...

  11. AT&T Authorizes Additional Buyback Program

    AT&T Inc.'s (T) board has approved the buyback of up to 300 million additional shares as part of a commitment to return value to shareholders.The carrier's latest au...

  12. Mexico's Carlos Slim Advances TV Goals With Rights to Olympics

    As Mexico's Congress moves toward giving the government increased powers to rein in the telecommunications muscle of billionaire Carlos Slim, Mr. Slim is accumulatin...

  1. Philip Morris to Buy Stake in Mexico Unit for $700 Million

    Philip Morris International Inc. (PM) has agreed to buy Grupo Carso SAB's (GPOVY, GCARSO.MX) 20% stake in its Mexico tobacco business for about $700 million, giving ...

  2. Philip Morris to Buy Grupo Carso's 20% Stake in Mexico Unit for $700 Million

    Philip Morris International Inc. (PM) has agreed to buy Grupo Carso SAB's (GPOVY, GCARSO.MX) 20% stake in its Mexico tobacco business for about $700 million, giving ...

  3. America Movil to Buy U.S. Operator Start Wireless

    Mexican telecommunications company America Movil SAB (AMX, AMX.MX) said Monday that it has agreed to buy U.S. mobile operator Start Wireless Group Inc., continuing t...

  4. Telefonica Mexico chief sees quick move to loosen Slim's grip

    Spain's Telefonica expects Mexico's new government to quickly implement new regulations designed to challenge billionaire Carlos Slim's dominance in the local teleco...

  5. Mexico Telecom Overhaul Wins Final Approval

    Mexico's Senate on Tuesday adopted legislation to revamp the country's telecom market, giving final congressional passage to a bill intended to increase competition ...

  6. America Movil sees material impact from Mexico telecom reform

    New legislation in Mexico could materially affect the business of America Movil, Latin America's largest telecommunications company, the company controlled by billio...

  7. ADR Shares End Higher After Tumultuous Week

    International companies trading in New York closed higher Friday, snapping back somewhat after a rough start to the week that saw falling commodities prices and conc...

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