If there's any way to describe Mexican tycoon Carlos Slim it's that he's opportunistic. With his Latin American telecom properties nicely tucked under the America Movil umbrella, Slim is setting his sights on TV content production, reports Reuters.
Although America Movil is one of Latin America's largest service providers of wireline and wireless services, it has no experience in creating broadcast TV content.
Much like its consolidation of its wireline and wireless holdings under America Movil, the move into TV production would be to challenge competitors such as Televisa, which is the largest Spanish-language TV broadcasters.
But producing TV content is only one of America Movil's new desires. Seeing that "there are few opportunities left in Latin America," Daniel Hajj, America Movil's CEO, said it will invest in other countries if it makes sense.
Among those possible investments America Movil will make outside of Latin America will be an undersea optical cable system linking the U.S. to Colombia and Brazil. Such a cable could create new wholesale bandwidth opportunities for America Movil whereby they could sell capacity to Latin American operators looking for connections into the U.S. and U.S. providers needing connectivity into the region.
For more:
- Reuters has this article
Related articles:
America Movil: Broadband access and wireless boost Q3 results
Sizing up the wireline industry in the third quarter 2010
Slim's America Movil shells out $2B to Telmex shareholders
America Movil begins acquisition process for Telmex, Carso Telecom
Analysts expect Telmex Internacional to report strong Q4
Mexico regulator approves Slim's wireless/wireline consolidation plan
Mexico's Carlos Slim wants to create a wireline/wireless powerhouse