Latest news with #CarlosSlim
Bloomberg
4 days ago
- Business
- Bloomberg
Carlos Slim Is Quietly Becoming Pemex's Partner of Last Resort
The transformation of Mexico's richest person into its most important oil baron came about slowly, almost subtly. Carlos Slim built up a stake in Talos Energy Inc. before flipping it for the company's Mexican unit. There was a 2023 deal for $530 million to buy a pair of oilfield assets from a fellow billionaire. Then a $1.2 billion plan to develop a gas deposit in the Gulf of Mexico. Add it all up, and Slim has spent more than $2 billion to become the most prominent private partner to state-owned Petroleos Mexicanos — and, really, one of the only investors willing to do business with the heavily indebted, operationally challenged oil monopoly.
New York Post
06-05-2025
- Entertainment
- New York Post
Modern Miami-area manse seeks $35M in gated community
A $35 million Golden Beach, Fla., waterfront home with gold-plated neighbors — like Mexican billionaire Carlos Slim and rapper French Montana — is making waves of its own. The new-construction modern manse, completed earlier this year, combines stone, wood and glass — and is centered around a 100-year-old Sevillano olive tree. It's part of the gated Golden Beach community in Miami-Dade County, which features its own police force, beach club, tennis courts, and a new gym and spa. Advertisement 14 French Montana. Getty Images 14 This modern beach house uplevels the gated Golden Beach community. Become Legendary / Dina Goldentayer 14 Entertaining by the Intracoastal is a mere $35 million. Become Legendary / Dina Goldentayer Advertisement 14 Natural wood and stone bring warmth to the residence's modern design. Become Legendary / Dina Goldentayer 14 There's plenty of room for outdoor entertainment. Become Legendary / Dina Goldentayer Past residents there include Bill Gates, Ricky Martin and Tommy Hilfiger. At 7,635 square feet, the home, at 194 S Island, features six bedrooms, six bathrooms and two powder rooms — on one-third of an acre. It was designed by architect Farid Chacón with interiors by Fanny Haim. Advertisement Design details include a double-height foyer with 24-foot-high ceilings, an eat-in chef's kitchen, a formal dining room and a grand salon with a built-in bookshelf and a fireplace. There's also a waterfront lounge and a travertine bar, along with oak-paneled walls, hardwood and marble floors, and custom millwork. 14 One of the bedrooms has a sitting area. Become Legendary / Dina Goldentayer 14 A statement room with a built-in bookcase. Become Legendary / Dina Goldentayer 14 The open chef's kitchen and breakfast bar is a great reason to be an early riser. Become Legendary / Dina Goldentayer Advertisement An 'architectural' staircase leads to a second-floor library lounge and four bedroom suites. The main suite features a dressing room, a spa-like bath and a terrace overlooking the Intracoastal. There's also a home theater, a wine cellar that holds up to 48 bottles, a gym with a sauna, an elevator and staff rooms. 14 The outdoor touches are both chic and useful in the hot Florida sun. Become Legendary / Dina Goldentayer 14 Dramatic statement stairs and lighting inside the dwelling. Become Legendary / Dina Goldentayer 14 A cozy reading nook. Become Legendary / Dina Goldentayer 14 Mexican magnate Carlos Slim is a neighbor. REUTERS 14 Entertain your friends with an Intracoastal view. Become Legendary / Dina Goldentayer Advertisement 14 The stairs are a highlight of the luxurious home. Become Legendary / Dina Goldentayer Outside features include a 53-foot, resort-style saltwater pool; a pool deck with a cabana; a kitchen; a sun-protected lounge; a new deepwater dock that can hold up to a 65-foot boat and a seawall. The sellers are Michelle and Michael G. Klinger, of Saber Real Estate, who bought the land for $6.25 million in 2021 and then built their dream house. 'There are many nice homes in the community, but this is next level,' said Douglas Elliman broker Dina Goldentayer, who shares the listing with Joel Lusky of the Brokerage South Florida.
Bloomberg
30-04-2025
- Business
- Bloomberg
Loose Cigarettes, Shorter Calls Mark Slowdown for Mexican Firms
As US tariff threats continue to wreak havoc on the Mexican economy, consumers are cutting back on everything from cell service and coffee to cigarettes and tequila. That's hitting the country's biggest companies including billionaire Carlos Slim's wireless provider America Movil SAB and retail conglomerate Femsa. America Movil said that 821,000 prepaid customers disconnected their service in Mexico, while others were making shorter calls to save money.
Time of India
30-04-2025
- Business
- Time of India
Mexican telecoms giant America Movil posts 39% jump in first-quarter profit
MEXICO CITY: Mexican telecommunications giant America Movil on Tuesday reported a 39% jump in its first-quarter net profit compared to the same period in 2024, citing an increase in operating profit and a decrease in financing costs. The company, which operates across over 20 countries in Europe and Latin America, posted a net profit of 18.70 billion pesos ($914.07 million) in the quarter. Revenues of the company, controlled by the family of Mexican billionaire Carlos Slim , came in at 232.04 billion pesos for the period, up 14% year on year and just short of an LSEG average forecast of 233.3 billion pesos. America Movil said its core earnings, or earnings before interest, taxes, depreciation and amortization (EBITDA), rose 13% in the quarter to 91 billion pesos. The company added 2.4 million net post-paid customers in the quarter, driven by gains in Brazil, Colombia and Mexico. There were 1 million disconnections in the pre-paid segment due to declines in Mexico and Brazil, America Movil said. Company executives said in February they were monitoring pre-paid clients in Mexico on concerns of a slowdown in the local economy.
Reuters
29-04-2025
- Business
- Reuters
Mexican telecoms giant America Movil posts 39% jump in first-quarter profit
MEXICO CITY, April 29 (Reuters) - Mexican telecommunications giant America Movil ( opens new tab on Tuesday reported a 39% jump in its first-quarter net profit compared to the same period in 2024, citing an increase in operating profit and a decrease in financing costs. The company, which operates across over 20 countries in Europe and Latin America, posted a net profit of 18.70 billion pesos ($914.07 million) in the quarter. Revenues of the company, controlled by the family of Mexican billionaire Carlos Slim, came in at 232.04 billion pesos for the period, up 14% year on year and just short of an LSEG average forecast of 233.3 billion pesos. America Movil said its core earnings, or earnings before interest, taxes, depreciation and amortization (EBITDA), rose 13% in the quarter to 91 billion pesos. The company added 2.4 million net post-paid customers in the quarter, driven by gains in Brazil, Colombia and Mexico. There were 1 million disconnections in the pre-paid segment due to declines in Mexico and Brazil, America Movil said. Company executives said in February they were monitoring pre-paid clients in Mexico on concerns of a slowdown in the local economy. ($1 = 20.4604 pesos at end-March)
