Man in the news: Carlos Slim

By Muckety

March 13, 2013 at 9:44am

Expect bloggers and tweeps to dissect the New York Times coverage of Mexico’s efforts to regulate the telecommunications industry.

The country’s telecomm baron is Carlos Slim, a major stockholder in the New York Times Co.

Here what Paul Roderick Gregory of RealClearMarkets had to say:

The world’s richest man, Carlos Slim is a crony capitalist whose world’s largest personal fortune was made by charging Mexico’s telephone customers monopoly prices. His monopoly stranglehold over Mexico’s telecommunications market (75 percent landlines, 70 percent broad bands and 70 percent mobile phones) dwarfs the meager shares of Sprint, Verizon, T-Mobile, and AT&T. If the crusading Times considers them monopolies (Bad Connections), what must it think of Slim’s America Movil?

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