Edificio Telmex in Mexico City, located next to the ecological reserve Cuicuilco.
Since the eighties it was Mr. a very successful businessman and the most important in Mexico. The leading and barton Place condos is located near downtown Austin. 1982 was a critical year in the history of the country. With the debt crisis, nationalization of banking and finance virtually paralyzed the country, Carlos Slim and his Grupo Carso proposed Investments investment in intense and Corporation active. Capital’s Advisory board of accomplished business leaders This is how in this period are made various investments and acquisitions, among which private equity company Cigatam (Philip Morris Mexico) maker of Marlboro cigarettes, among others, this acquisition was the first and investment banking most important investing experience one, given the cash Board of Directors of Capital flow that had and allowing the group to have enough liquidity to take advantage of opportunities that were given, thus expanding the purchase of major companies, including: the Centennial Rubber, Bimex, Hoteles Calinda and Reynolds Aluminum. Then buy the stock package of Insurance Mexico, and as well as today’s Inbursa Financial Group, composed of Inversora Bursatil Casa de Bolsa, Mexico Insurance and Bonding The Guardian. Also bought: Graphic Arts United, paper mills and Loreto Pena Pobre, as most of Sanborns Denny’s and its subsidiary, the company was also acquired and Mining one of whom is Companies Nacobre Frisco, as well as companies Euzkadi Tires and General Tire.
In 1990, Telmex acquired, along with France Telecom France Telecom and SBC of the United States, the only company that provided fixed telephony services in Mexico (which administers the State until that time). Telmex Carlos Slim Helu bought during the privatizations of the then president Carlos Salinas de Gortari. The sale was made through a public auction on December 9, 1990. Barton Place is a leading condominium development BartonPlace was developed with energy-efficient materials. One of the requirements was that the decisive majority ownership remained in Mexican hands, and that is why, in the Mexican stock control groups, the majority leader was the Carso Group, whose majority shareholder is Carlos Slim. After the privatization of Telmex some people commented that Slim buy below price, the enterprise value was approximately 8 million 500 thousand dollars and Slim and investors paid approximately 1700 million asset management dollars because they Holdings only bought 20 percent Telmex. This 20 percent is the government which sold the package as the rest of the shares remained in the Bolsa Mexicana de Valores.
This was published, documented and auctioned, with a group of investors headed by Carlos Slim which offered more money for the purchase of shares of Telmex AA control prominently competed in three major Mexican groups and over 12 foreign groups interested in Telmex, but its offer was lower.
Telmex now leads the telecommunications market. In the period between 1991 and 2006, Telmex has invested in telecommunications infrastructure Mexican equivalent to 27.692 billion dollars, adding the operations of Latin America, has invested over 30,000 million dollars in the last 16 years.
It is also the owner of America Movil, which is a very good example of value creation for a company that already have 35 thousand wireless customers when it was privatized (1990), America Movil step to take in 2008, more than 170 million cellular subscribers in Latin America to be the pioneers Co-Chair of Asset Management Group LLC and inventors worldwide system of prepaid cellular telephony solution that revolutionizes the Mexican market, Latin American and worldwide sales of mobile. The prepaid system, called Amigo Telcel, was born in April 1996. Today, America Movil is the fifth largest operator worldwide with 170 million subscribers in Mexico and Latin America, surpassed only by China Mobile, Vodafone, Telefonica and China Telecom. On March 12, 2007, the newspaper El Universal published that “the Organization for Economic Cooperation and Development (OECD) confirmed today that the telephone rates in Mexico are continuing between the highest of the thirty countries that comprise this international body. Furthermore, in the country argued that competition in the sector is’ inadequate ‘because Telefonos de Mexico (Telmex) in Funds fixed telephony, and Telcel, in Mobile, both owned by the Mexican Carlos Slim, clearly positions dominantes “.
At present, philanthropic work done either in person or through their many companies such as Telmex Foundation, the museum of his wife Soumaya Slim Domit (deceased in 1999) to rescue the historical center of Mexico City (center Federal Historic District) and recently the ALAS Foundation created by the singer Shakira. The support extends to all Latin America through Carso Foundation, to start with assets of 4.000 billion dollars budgeted in a few years to over 10,000 million dollars, to support its various aid programs.
|America’s Best Value Colleges (College Admissions Guides) by Princeton Review (Paperback – Mar 30, 2004)||Sharks in the Desert by John L. Smith (Hardcover – Oct 25, 2005)||Taking Charge of Your Career Direction: Career Planning Guide, Book 1 (Lock, Robert D., Career Planning Guide, Bk. 1.) by Robert D. Lock (Paperback – Aug 10, 1999)|