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.
- Reuters has this article
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