(Advertisement)

Slim’s fat phone realm challenged

New rules sweep Latin America, cut billionaire’s profits

Posted: December 5, 2012 at 3:52 a.m.

An America Movil SAB Telcel employee helps a customer at a store in Mexico City. Recent rulings and orders have cut into the wireless phone service provider’s profitability.

Mexican billionaire Carlos Slim’s expanding mobile-phone empire is facing a growing backlash from the same south and central American countries that made him wealthy.

This story is only available from our archives.

Business, Pages 25 on 12/05/2012

(Advertisement)



« Previous Story

Darden eateries’ forecast cut 2.7%

Pedestrians in New York pass a Red Lobster restaurant in September. Red Lobster owner Darden Restaurants Inc. expects revenue at Olive Garden, Red Lobster and LongHorn Steakhouse locations open at least a year to be down about 2.7 percent.

Darden Restaurants Inc. cut its profit forecast for the year on Tuesday, with the owner of Olive Garden and Re... Read »

Next Story »

Banks’ yields improve by 6.6%

U.S. banks earned more from July through September than in any other quarter over the past six years. Read »