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Mexicos Slim plans Investment plan to radically update Mexico’s “Digital Infrastructure”

Mexico — Thu, 21 Jan 2010 19:45:00 +0000

Mexicos Slim plans Investment plan to radically update Mexico’s “Digital Infrastructure”

From: Daniel Hernandez

At a sleek press conference inside his Telmex Institute in Mexico City’s historic downtown, Slim and several of his top corporate deputies announced a $10 billion-peso three-year investment plan to radically update Mexico’s “digital culture.” A separate multi-million-dollar initiative to fund genome research came on Tuesday.

The idea, Slim said, is to make Mexico more competitive in the abstract “human capital” sense with other ascendant economies — such as Brazil — whose successes in innovation have so far eluded his own country. Slim said his Telmex will: from thefastertimes.com

America Movil will become one of the world’s largest telecom operators

Mexico — Tue, 19 Jan 2010 05:53:15 +0000

Mexican Billionaire Carlos Slims America Movil will become one of the world’s largest telecom operators

Once Slim’s companies are combined, America Movil will have clients with a total of 250 million connections, making it one of the world’s largest telecom operators.

Telmex is by far Mexico’s largest fixed-line operator with more than 80 percent market share, but cable television companies have begun to grow in recent years by offering their own Internet and phone service. Mexican regulators have blocked Telmex from offering video services, which it says it needs to compete against Televisa.

By tying up his operators, Slim wants to offer customers bundled packages of fixed-line telephone, wireless, Internet and television.

Televisa and cable companies have said they are keen to offer similar packages and that they could bid for wireless frequencies in an upcoming government auction.

Telecommunications giant Telefonos de Mexico SA

Mexico — Thu, 22 Oct 2009 20:14:06 +0000

Mexico’s Telmex: More computers could help profits. MEXICO CITY — Telecommunications giant Telefonos de Mexico SA said Thursday that the only way to continue its gains.

Investments expected to increase amid rising competition.

Mexico’s largest fixed-line telephone company, Telefonos de Mexico SA, said Thursday that it doesn’t plan to change its guidance for capital expenditures of eight billion pesos ($619 million) in 2009 even after making heavy investments earlier in the year, according to a top executive.

Cerezo said it’s too early to say what impact a proposed 3% tax on telecommunications services starting next year would have on the company’s business.

“We have reached the peak of computers that have access to Internet services,” Cerezo said. “The solution or the alternative is, let’s provide access to computers.”