Summary:

Light Reading has analyzed Mexican billionaire Carlos Slim’s telecom Holdings – Telmex, Global Crossing and MCI – with the classic flair of “one the one hand, and on the other hand” school of journalism. It does not answer many questions, but it does indicate: the man […]

Light Reading has analyzed Mexican billionaire Carlos Slim’s telecom Holdings – Telmex, Global Crossing and MCI – with the classic flair of “one the one hand, and on the other hand” school of journalism. It does not answer many questions, but it does indicate: the man is trying to leverage his near monopoly in Mexican market to a near monopoly in the latino-markets. Buying Embratel (Brazil) from MCI was part of that grand vision. John Ryan, chief analyst at RHK says “Slim’s interest may be in companies that give him access to the underserved immigrant Latino population in the U.S. and the ever-growing cross-border telecommunications traffic. I don’t think its just bottom feeding.” Eli Noam, director of the Columbia Institute for Tele-Information at Columbia University told LR, “He’s got a pretty strong near-monopoly situation in Mexico, and that kind of gives him a strong profitable base to be a good bottom-feeder here.” Slim is bit of a market timer- he picked up 3% of Apple just before Steve Jobs announced return to apple and Microsoft picked up 15% stake in that company. So what next? A stake in AT&T?

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