Slim Says Eyeing Spanish Telecoms Market
 Jason Webb - Reuters
go to original
| | Carlos Slim | | |
Madrid - Mexican billionaire Carlos Slim, who controls Mexico's dominant fixed-line telephon eoperator Telmex (TELMEXL.MX) (TMX.N), is interested in investing in Spain's telecommunications market, he said in an interview with newspaper El Pais on Sunday.
"Yes, of course, we are interested in the telecommunications sector," replied Slim in an answer to the question about whether he would like to invest in Spain, adding that he had already failed in an earlier attempt to enter the Spanish mobile telephones market.
Spain's biggest telecommunications player is Telefonica (TEF.MC), which already competes with Telmex in its home market where it has won the right to use Telmex's fixed-line network, despite what Slim described as a prohibition in Mexican law.
"If the authorities tell us to do something, we do it, and that's the way's been, and now we provide interconnection. But they have to change the law, because what's happening now is breaking the law," Slim said.
Mexican law only allows interconnection for Mexican-controlled companies, he said.
Slim said he had high hopes for his bank Inbursa (GFINBURO.MX), in which Spanish savings bank La Caixa said last month it would take a 20 percent stake for 1.5 billion euros ($2.34 billion).
"We're delighted they have 20 percent, and, if they want more, that's fine, but we want to maintain a majority stake," Slim said. |
Vallarta Weddings
Business News | June 2008 
Tell a Friend
Site Map
Print this Page
Email Us