Carlos Slim, the world’s third richest man, has launched a $24.6bn bid to consolidate his telecoms empire. América Móvil, Slim’s Latin American mobile phone operator, is planning a takeover of the fixed-line phone groups he controls and on Wednesday announced an all-stock offer for Carso Global Telecom, a holding company that controls Telmex and Telmex Internacional. Slim already controls Carso. Some analysts said the move suggested that Slim was seeking to secure cost savings through consolidation.

This entry was posted by Gwen Robinson on Friday, January 15th, 2010 at 5:39 and is featured in The 6am Cut London (15 Jan 2010) . Tagged with america movil, Carlos Slim, carso global telecom. Edit this entry.