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1.
Feature
Story
/ Carlos
Slim
Helú
-
TVI's
PERSON OF THE WEEK and NBS100
Winner
•
•
Carlos
Slim Helú, listed in
Forbes Fortune 500
The World's Billionaires as
Number 2
On March 5, 2008, Forbes
magazine ranked Slim as the
world's second-richest person,
behind Warren Buffett and ahead
of former world's richest man
Bill Gates. During some parts of
2007, several major financial
publications had ranked Slim as
the richest person on Earth, at
least for now, thanks to strong
Mexican equities market and the
performance of his wireless
telephone company, America Movil.
The son of a Lebanese immigrant,
Slim made his first fortune in
1990 when he bought fixed line
operator Telefonos de Mexico
(Telmex) in a privatization. In
December, America Movil struck a
deal with Yahoo to provide mobile
Web services to 16 countries in
Latin America and the Caribbean.
A widower and father of six, Slim
is a baseball fan and art
collector. He keeps his art
collection in Mexico City's Museo
Soumaya, which he named after his
late wife. In recent years, he
has donated close to $7 billion
worth of cash and stock to fund
education and health projects,
and to the revitalization of
Mexico City's downtown historical
district.
-
CONTINUED•
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1.
Feature Story
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TVI Magazine is not responsible for the
content of external InterNet sites
Continued02
• 1989 - Carlos
Slim Slim has a substantial influence over
the telecommunications industry in
Mexico
He controls Teléfonos de
México (Telmex), Telcel and
América Móvil companies.
Telcel is Mexico's largest mobile phone
carrier, owned by América
Móvil. Founded in 1989 and based in
Mexico City, Telcel is the leading
provider of wireless communications
services in Mexico.
As of
December 31, 2006, Telcel's cellular
network (controlled by Slim) coveres more
than 63% of the geographical area of
Mexico. •
•
•
1990-
Slim led a group of investors
that included France Télécom
and Southwestern Bell Corporation in
buying Telmex and Telnor from the Mexican
government in a public tender during the
presidency of Carlos Salinas. Today,
ninety percent of the telephone lines in
Mexico are operated by
Telmex
•
1990 - Slim studied
engineering at the Universidad Nacional
Autónoma de México.
•
1990 - Married Soumaya Domit
in 1967; the couple had six children and
were married for 32 years until Domit died
of a kidney ailment in 1999.
•
1990 - Slim's acquisition of
Mexico's national telephone company,
Telefonos de Mexico (Telmex), for $1.7
billion, through a partnership with the
likes of France Telecom and Southwestern
Bell. The company is now worth many tens
of billions of dollars, a ROI exceeding
1,000%.
•
1990
-
In the late 90s, Carlos Slim
began to hand over the reins of his
business empire to his sons, Carlos Slim
Domit, Patrick Slim Domit and Marco
Antonio Slim Domit. This has freed him to
take an increasingly active role as a
philanthropist.
•
1996-1998 - He was the first
president of the Latin-American Committee
of the New York Stock Exchange
Administration Council, and was in office
from 1996 through
1998.
Slim has been vice-president of
the Mexican Stock Exchange and president
of the Mexican Association of Brokerage
Houses.
•
1997
-
Just before the company
introduced its famous iMac line, Slim
bought 3% of Apple Computer's stock, which
has skyrocketed over the years.
•
1997
-
Majority Shareholder of
CompUSA. On December 8, 2007, Grupo Carso
announced that the remaining 103 CompUSA
stores would be either liquidated or sold,
bringing an end to the struggling company.
After 28 years he became the Honorary
Lifetime Chairman of the business. He is
also Chairman of Teléfonos de
Mexico, América Móvil, and
Grupo Financiero Inbursa.
•
1999 - Carlos Slim's wife
Domit, dies of a kidney ailment.
•
2002
-
Carlos Slim worth $11 billion
dollars. That grew to $30 billion in 2006,
and then $49 billion at the start of
2007.
•
2004
-
Until July 2004, he was on the
Board of Directors of SBC Communications
to devote more time to the World Education
& Development Fund, which focused on
infrastructure, health and education
projects. He is also the Majority
Shareholder of CompUSA.
•
2005
-
Slim was once MCI's largest
shareholder, with 13 percent ownership. On
April 11, 2005, the Wall Street Journal
announced that he had sold his stake in
MCI to Verizon Communications of the
United States.
•
2005
-
Carlos Slim's worth estimated
$23.8 billion dollars.
•
2006
-
As of December 31, 2006,
Telcel's cellular network (controlled by
Slim) coveres more than 63% of the
geographical area of Mexico.
•
2006
-
Carlos Slim's worth grew to $30
billion.
•
2006
-
Resigned from the Board of
Directors of the Altria (Previously Philip
Morris) Group; also on the board of
Alcatel.
•
2007
-
Dethrones Bill Gates. On August
8, 2007, Fortune magazine reported that
Slim had overtaken Bill Gates as the
world's richest man. Slim's estimated
fortune soared to US$68 billion, based on
the value of his public holdings at the
end of July.
•
2007
-
According to The Wall Street
Journal, Slim credits part of his ability
to discover investment opportunities early
to the writings of his friend, futurist
author Alvin Toffler
•
2008
-
On March 5, 2008, Forbes
magazine ranked Slim with an estimated
worth of $62Billion as the world's
second-richest person, behind Warren
Buffett and ahead of former world's
richest man Bill Gates.
CENTER
PAGE
-
Remarks
of FCC Chairman Kevin J. Martin at CTIA
Wireless
2008••
And, as of May 2007, approximately 82
percent of the U.S. population lived in an
area of the country covered by at least
one of these mobile broadband
networks.
• •
• In addition, as of December
31, 2006, there were 22 million mobile
wireless devices capable of accessing the
Internet at broadband speeds in use in the
United States, up from only three million
the year before.
• •
• We've also seen the
introduction of innovative new products
during the past year, such as the iPhone,
which is truly a handheld mobile computer.
The iPhone can seamlessly connect to any
Wi-Fi hot spot for Internet access
service. And almost two million iPhones
have been activated on AT&T's network.
-- CLICK
FOR MORE RFid Story
• •
Importantly, competition in the
wireless industry has also led to lower
prices, higher usage and adoption rates,
and technological innovation. And many of
you in this room have been instrumental in
bringing the benefits of competition to
American consumers. Your contributions to
improving wireless services for the
American consumer have not gone
unnoticed.
 •
• The FCC has an important
role to play in this mobile revolution as
well.
• •
During my tenure as Chairman, the
FCC has made vast amounts of spectrum
available for the next generation of
innovative wireless services. Since 2006,
we have more than doubled the amount of
spectrum previously made available for
mobile wireless services.
• •
Most recently, the Commission
auctioned spectrum in the 700 MHz band.
The sheer size of the 700 MHz Auction is a
harbinger of the benefits to come. The
Auction was the largest in FCC history and
raised a record $19.592 billion in total
bids.
• •
Even in a difficult economic
climate, revenues raised in this auction
easily exceeded congressional estimates of
about $10 billion &endash; nearly doubling
the amount Congress had anticipated would
be raised. CLICK
FOR MORE RF-ID STORY
• •
• The Auction drew
wide-ranging interest from a number of new
players. A bidder other than a nationwide
incumbent won a license in every
market.
 •
• At the same time, we also
must ensure that our regulations continue
to protect consumers in this new, more
mobile world. Indeed, in some ways the
wireless industry is a victim of its own
success. Because with increased success
often comes increased expectations.
• •
Today, to your credit, wireless is
no longer seen as a luxury, but as a vital
means of everyday communication. And the
public has growing expectations of how
they will be able to use wireless to meet
their everyday needs. For example, E911
ensures that when someone dials 911 during
an emergency, public safety can easily and
reliably find them. To achieve that goal,
we need to ensure that our enhanced 911
rules provide meaningful automatic
location information that permits first
responders to reliably find them.
• •
We all know that people are relying
on cell phones for more and more of their
calls, including calls to 911. CTIA
estimates that since the 1996
Telecommunications Act, 911 calls placed
annually from wireless phones have
increased six fold (from 55,000 to
290,000). The advances in wireless
technology allow people to call for help
more quickly and from more remote places
than ever before. We need to make sure
that our location accuracy requirements
keep apace with these changes so that
consumers can take advantage of all the
opportunities wireless technology has to
offer.
• •
I believe this is an opportunity
for the wireless industry and a harbinger
of even more success. In the end, I am
confident the wireless industry will rise
to the occasion and I look forward to
working with you and my fellow
commissioners on this critical public
safety issue.
• •
Thank you for your time today. I
truly appreciate the invitation to be
here. CLICK
FOR MORE VERIZON'S CEO IVAN
SEIDENBERG
 4.
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