"América Móvil always challenges everything. América Móvil, the biggest wireless telecom and pay TV provider in Latin America, is controlled by the family of Slim, Mexico's richest person. AT&T, a former América Móvil investment partner, last year purchased Iusacell and Nextel, Mexico’s third and fourth largest wireless carriers. telephone, Internet and paid television, something regulators do not allow América Móvil to offer. As América Móvil is forced to face stronger domestic competitors, Slim has turned more aggressively toward other economic sectors such as infrastructure.

Source: Forbes March 09, 2017 20:19 UTC