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Monday, July 14, 2014

Carlos Slim's empire not broken up: oligarchs still control Mexico

Carlos Slim's empire broken up but oligarchs still control Mexico:  "The [Ley telecom] reforms do not threaten to disrupt the profits of Latin America’s telecommunications giants; quite the contrary, now they will no longer be confined to dominating one sector of the market. In such a context, smaller competitors will find it hard to enter and establish themselves in the market, given that telecoms giants will extend their share.

 Investors seem to agree with this analysis: América Móvil shares jumped 10% when news of the “breakup” was announced, and Forbes reports Slim is poised to retake his “world’s richest” title from Bill Gates, after gaining US$4 billion this month alone." 'via Blog this'

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