Mexico’s President Enrique Peña Nieto and the country’s major political parties sent Congress a far reaching telecommunications reform law that, if approved, will crack down on monopolies, a shift in policy that could affect Carlos Slim’s status as the richest man on the planet. Slim’s America Movil (NYSE:AMXL), which controls 70% of Mexico’s wireless market and approximately 80% of landlines, is the largest telecommunications network in Latin America and remains his most valuable holding, accounting for $36.3 billion of his net worth on FORBES most recent Billionaires List.
Will Mexico's Proposed New Telecom Law Affect Slim's "world's Richest Man" Status?
Dolia Estevez, Contributor, Forbes
Mon, 03/11/2013 - 4:20pm
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