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.

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Business, Pages 25 on 12/05/2012