Tag Archives: America Movil

Slim’s America Movil Planning to Buy Majority Stake in Europe’s Royal KPN

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Carlos Slim is looking to expand his empire to Europe…

The 73-year-old Mexican telecommunications mogul, the world’s richest billionaire, has announced that he’s made an official offer to takeover Dutch mobile phone giant Royal KPN, in an attempt to expand his telecom empire into Europe.

Carlos Slim

Slim’s America Movil, headquartered in Mexico City, said in a statement that it plans to buy a majority stake in KPN for 2.40 euros per share.

It already owns 30 percent of the company.

America Movil has not signaled its support for KPN’s recent decision to sell its German unit, the E-Plus mobile network, to Spain’s Telefonica. Slim reportedly believes the 5-billion-euro (6.6-billion-dollar) asking price is too low.

America Movil, the leading wireless provider in Latin America, is Slim’s most lucrative business. In addition to KPN, the company also owns a 23 per cent stake in Telekom Austria.

It’s the latest new venture for Slim, who recently invested $40 million in the music-identifying app Shazam.

Slim Invests $40 Million in Music-Identifying App Shazam

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Carlos Slim is giving one music app a financial boost…

The 73-year-old Mexican businessman, investor and philanthropist, the world’s richest billionaire from 2010-2013, has invested $40 million in Shazam, the London-based maker of the song identification smartphone app.

Carlos Slim

Shazam says the investment from Slim’s telecommunications company America Movil will help accelerate its ongoing growth in music, continued expansion into television and new product development.

The deal includes an agreement to pre-install Shazam on mobile phones sold in Latin America, Shazam Executive Chairman Andrew Fisher told Bloomberg.

Shazam uses algorithms to analyze unique elements of music to help users identify the title and other information. An acoustic fingerprint is created based on a sample taken from the phone’s microphone and is compared against a central database for a match. If a match is found, the app identifies information such as the artist, song title, and album.

Shazam has over 70 million monthly users, according to the company.

Slim Launches Ora.tv with an Assist from Larry King…

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He’s already considered a telecommunications tycoon… And now Carlos Slim is one step closer to conquering the internet.

The 72-year-old Mexican business magnate, the world’s richest person, debuted his new online television channel Ora.tv, which is hailed as new on-demand digital television network, where the best of TV meets the best of the web.

Carlos Slim

The platform, announced earlier this year, will create a wide range of on-demand programs with original content that goes beyond traditional formats and can be downloaded or streamed on computers, tablets, cell phones and television sets with access to the Web.

The Ora.tv portal is financed by America Movil. Controlled by the Slim family, it’s the largest telephone system in Latin America.

OraTV.com

And Slim managed to get a little help from his friend Larry King to help kick-off the first day of programming.

King, who in December 2010 put an end to 25 years of hosting Larry King Live on CNN, reappeared with his own program of interviews on Ora.tv, including his first show guest Seth MacFarlane, creator of the animated series Family Guy.

Entitled Larry King Now, the series can also be seen on the Hulu videos-on-demand platform.