The world's richest man now holds 31.1% of America Movil shares. Carlos Slim, the world's richest man, has further increased his shareholdings in his phone company America Movil.
Telecommunications
Slim Now Can Enter Television Industry
The world's richest man can now get a license to operate a pay for TV service. Carlos Slim, the Mexican billionaire, is now undertaking an aggressive incursion into the Mexican television market to take advantage of the benefits provided by new legislations passed on telecommunications.
Calik Holdings to Sell Off its Media Business
Turkish conglomerate Calik Holdings is in the process of selling off its media shareholdings. Calik Holdings of Turkey has talks in progress to sell off its ATV television subsidiary to Time Warner Inc.
Sinclair Acquires Fisher Communications
Sinclair offers US $41 per share for Fisher Communications. Sinclair Broadcast Group Inc. has announced its intention to purchase Fisher Communications for the price of US $373 million in order to expand its operations in the United States.
Yahoo! to Target Mobile Talent in M&A Spree
Yahoo!, the U.S. biggest Web portal, has engaged the services of private equity veteran Jacqueline Reses as it struggles to reinvent itself and stay relevant.
Latest News
Crest Financial files a proxy statement contesting the Sprint Nextel-Clearwire merger. The biggest minority shareholder in Clearwire Corp, Crest Financial Ltd, has filed a proxy statement with federal regulators.
Before the MetroPCS shareholder meeting, the shareholders that had filed suit are now wondering the next move the merging firms.
Ora.TV purchases Stick Figure Productions for an undisclosed amount. Mexican billionaire Carlos Slim's Ora TV has purchased television production company Stick Figure Productions.
After approval of the Colombian government, the plan of Telefonica SA is to offer its Colombian unit for public listing in an IPO.
As an alternative to the Sprint Nextel offer, Aurelius Capital Management has offered US$80 million in financing to Clearwire.
Hutchison Whampoa is purchasing Telecom Italia shares. It is viewed that Hutchison Whampoa is eyeing a 29. 9% stake in Telekom Italia. This is part of a deal that would give the Italian company local business in the country 3 Italia an opening in the market.
Ericsson has purchased Mediaroom IPTV from Microsoft for an undisclosed amount. Ericsson, the telecommunications equipment manufacturer from Sweden has formalized a deal to purchase Mediaroom IPTV from Microsoft.
The purchase of Enmax Envision by Shaw Communications expands fiber optic capability. Shaw Communications Inc has acquired ENMAX Envision Inc from its parent ENMAX Corporation.
Liberty Global's acquisition of Virgin Media is approved by EU. An unconditional European Union clearance was provided to John Malone's Liberty Global for the bid for Virgin Media.
