Mexican billionaire Carlos Slim has announced that companies he control will invest US$3.62 billion in Mexico this year, including significant amounts in infrastructure, mining and telecommunications.
According to reports, the Mexican billionaire, who controls Latin American mobile giant America Movil, will invest around US$820 million in the group, while a further US$820 million is expected to be set aside for Mexican fixed line incumbent Telefonos de Mexico (Telmex).
With Telmex still awaiting regulatory approval to offer television services of its own, it currently offers billing services for direct-to-home satellite company DISH; delays in allowing the operator to enter the TV sector stem from the government’s concerns that competition in the market could be hampered should such approval be granted.
The report notes that in response to queries regarding whether Slim could consider acquiring a stake in the satellite TV provider the executive noted that they are not focused on that, they are waiting (for the authorization) to offer triple-play.
