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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.
•
2010-
August: Grupo Televisa Buys
Mexico's WiTEL®™©
frequencies for $1.45 billion. Two years
ago the same WiTEL®™©
frequencies were sold in the U.S. by the
FCC -- for over $19-Billion.
CENTER PAGE
•
•
The Mexican telecommunications
tycoon, Carlos Slim Helu, was born on 28
January 1940 in Mexico City. His father,
Youssef Salim migrated to Mexico from
Lebanon in 1902, then part of the Ottoman
Empire, where he changed his name to
Julian Slim Haddad. There he married Linda
Helu, the daughter of another Lebanese
merchant and had six children, the fifth
of which was Carlos Slim Helu.
•
•
"When you live for others'
opinions, you are dead. I don't want to
live thinking about how I'll be
remembered." - Carlos Slim Helu
•
•
In 1911, Julian started a trade
business named "La Estrella del Oriente"
(The Star of the Orient) where Carlos
worked at the weekends. In 1961 Carlos
earned a degree in engineering from
Universidad Nacional Autónoma de
México (UNAM), where he is said to
have taught Algebra and Linear
Programming.
"I still have my laptop but I haven't used
it. I'm a paper man, not electronic." -
Carlos Slim Helu
•
•
Commenting on his father's real
estate investments, at the height of
Pancho Villa's revolution, Slim is
reported to have said "That was courage,
he taught me no matter how bad a crisis
gets, Mexico isn't going to disappear, and
that if I have confidence in the country,
any sound investment will eventually pay
off.". He learned from his father the
strategy of buying when there is blood on
the streets, and used it numerous times to
expand his reach into a wide variety of
industries. His businesses go from ISPs
(Internet Service Provider) to mining to
cigarette manufacturing.
•
•
"I think one of the big errors
people are making right now is thinking
that old-style businesses will be
obsolete, when actually they will be an
important part of this new civilization.
Some retail groups are introducing
e-commerce and think that the "bricks" are
no longer useful. But they will continue
to be important." - Carlos Slim Helu
•
•
Thrift marks his character, despite
his mind boggling wealth. You could say
that, coupled with his business acumen, it
is the source of his wealth. Many would
have squandered their wealth by the time
they got a few million to play with, but
not Slim. He has few extravagances, such
as Cuban cigars and Rodin sculptures,
which he has made available to the public
in Mexico City's Museo Soumaya, named
after his late wife.
•
•
"I've always said that the better
off you are, the more responsibility you
have for helping others. Just as I think
it's important to run companies well, with
a close eye to the bottom line, I think
you have to use your entrepreneurial
experience to make corporate philanthropy
effective." - Carlos Slim Helu
•
•
Slim's most important business
decision was his acquisition of Mexico's
national telephone company, Telefonos de
Mexico (Telmex), in the 1990s wave of
privatizations, which gained him great
notoriety (not to mention truckloads of
money). He acquired it 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%.
•
•
"It's not a question of arriving
and putting in a whole new administration,
but instead, arriving and "compacting"
things as much as possible, reducing
management layers. We want as few
management layers as possible, so that
executives are very close to the
operations. We also don't believe in
having big corporate infrastructures." -
Carlos Slim Helu
•
•
In the late 90s, Carlos Slim Helu
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.
•
•
"The key is the Internet. The
United States is by far the most advanced
country in this new digital culture, so we
have to be there. The Internet is the
heart of this new civilization, and
telecommunications are the nervous system,
or circulatory system." - Carlos Slim
Helu
•
•
In 2002, he was worth $11 billion
dollars. In 2005, it was estimated that he
was worth $23.8 billion dollars. That grew
to $30 billion in 2006, and then $49
billion at the start of 2007. By June of
2007, he was estimated to be worth $67.8
billion dollars, dethroning Bill Gates as
the richest man in the world.
4.
Related
Stories
 
Quotations
by Carlos Slim Helú
•
"When you live for others'
opinions, you are dead. I don't want to
live thinking about how I'll be
remembered."--Carlos Slim
Helú
•
"I still have my laptop but I
haven't used it. I'm a paper man, not
electronic."--Carlos Slim
Helú
•
Commenting on his father's real
estate investments, at the height of
Pancho Villa's revolution, Slim is
reported to have said "That was
courage, he taught me no matter how bad a
crisis gets, Mexico isn't going to
disappear, and that if I have confidence
in the country, any sound investment will
eventually pay off." --Carlos Slim
Helú
•
"It's not a question of arriving
and putting in a whole new administration,
but instead, arriving and "compacting"
things as much as possible, reducing
management layers. We want as few
management layers as possible, so that
executives are very close to the
operations. We also don't believe in
having big corporate
infrastructures."--Carlos Slim
Helú
•
"The key is the Internet. The
United States is by far the most advanced
country in this new digital culture, so we
have to be there. The Internet is the
heart of this new civilization, and
telecommunications are the nervous system,
or circulatory system."--Carlos Slim
Helú
-
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
 Lobbyist,
Eddie Frittz of Kentucky Roast FCC
Chairman Martin, Then Jabs At
Cable
•
•
It was reported by Ted Hearns of
Multichannel Industry News in December
2007, -- only someone like - Washington
D.C.'s super lobbyist Eddie Fritts gets to
take a few cost-free shots at Federal
Communications Commission chairman Kevin
Martin, who, as the cable industry knows
all too well, isn't afraid of playing by
north Jersey mob rules when shown up in
public.
•
•
Fritts -- former boss of the
National Association of Broadcasters now
running his own firm -- gave it his best
shot Wednesday night at a roast in
Martin's honor attended by 1,500 lawyers,
lobbyists, and others who routinely seek
favors from the national media regulator.
The evening is officially known as the
annual FCC Chairman's Dinner, organized by
the Federal Communications Bar Association
to raise money for charitable
causes.
 •
•
Martin got to return fire later
&endash; but instead of putting Fritts in
his place, Martin at times opted to poke
fun at cable and other industries within
his regulatory
orbit.
•
•
In his trademark Mississippi
drawl, Fritts reeled off a bunch of
one-liners, including a few aimed at
Martin's youthful
appearance.
•
•
"I've known Kevin since he was
25 years old and looking 12 years old.
Let's be honest, Kevin looks so young even
Mark Foley would throw him back," Fritts
said, referring to the disgraced House
Republican from Florida who had to resign
over scandalous text messages exchanged
with young
boys.
•
•
Pausing between cracks to let
the crowd settle down in the giant
ballroom of the Washington Hilton, Fritts
also reminded everyone of Martin's ongoing
"war" with the cable industry. He
collected more groans than laughs by
linking Sen. Larry Craig's (R-Idaho)
airport bathroom arrest to Martin's demand
that cable had met the so-called 70/70
test in federal
law.
•
•
"You know, a lot of people
think 70/70 gives Kevin a mandate on a la
carte. Not true. The only one is
Washington who has a mandate is Larry
Craig," Fritts
said.
•
•
Fritts referred to the recent
news that Energy and Commerce Committee
chairman Rep. John Dingell (D-Mich.) is
investigating Martin's management of the
agency. Martin got word in a letter from
Dingell &endash; a missive famously known
in Washington telecom circles as a
"Dingell-gram."
•
•
"I spoke to Kevin on Monday and
asked if he had recently received a
Dingell-gram," Fritts began. "He said,
`Yes.' I asked if it hurt and he
responded, 'Yes.' And he also recommended
that all men over age 50 get a
Dingell-gram at least once a
year."
 •
•
When it was Martin's turn, he
started off with a little humility about
his defeat to the cable industry last
Tuesday on the matter of how big cable had
grown.
•
•
"I recognize that I've brought
some of my recent problems on myself --
for example, my cable choice proposal, you
know, the one where cable gets to choose
to do whatever I say. That may not have
been my best idea," Martin
quipped.
•
•
At one point, Martin asked all
cable lobbyists in the room to raise their
hands. "I want to start out by apologizing
that we had to remove the knives from your
table," he
said.
•
•
Martin suggested that cable
opened its checkbook to defeat his
anti-cable
initiatives.
•
•
"I don't know how much money
the cable industry has spent but I do know
that if our country goes into a recession,
it won't be my fault," he
said.
•
•
Martin also used Comcast
chairman and CEO Brian Roberts as a foil
in a gag about people who complain that
Martin laced one of his public statements
with the
F-word.
•
•
"But not everyone was so
critical," Martin said. "Brian Roberts
called and suggested I do my own show on
leased access channels. I told him that's
way too expensive. Then I thought, `Maybe,
I can fix that," Martin said, referring to
last Tuesday's ruling to slash leased
access rates by
70%.
•
•
Martin cracked that he would
call his program the "That 70/70 Show" and
his first episode "Cooking the
Numbers."
•
•
Martin concluded with a wacky
top 10 list of predictions for the
upcoming 700 MHz spectrum
auction.
•
•
Following the auction, he said:
AT&T will say the auction results
prove that network neutrality is not
necessary. Google will say the outcome
proves network neutrality is necessary.
NAB will say the auction shows that the
XM-Sirius merger should not be
approved.
•
•
Posted by Ted Hearn on December
7, 2007 | Comments
(0)
CLICK
FOR MORE RELATED STORY - Michael Powell,
former Chairman of the
FCC.•
5.
NBS100 Review WiFi / Land-lines
NBS100
TeleComunication Study - Regulatory
Frequency Seizure
•
Andrew Carnegie (November
25, 1835 -- August 11, 1919) was a
Scottish-born American businessman, a
major philanthropist, and the founder of
the Carnegie Steel Company which later
became U.S. Steel. He is known for having
built one of the most powerful and
influential corporations in United States
history, and, later in his life, giving
away most of his riches to fund the
establishment of many libraries, schools,
and universities in Scotland, America and
worldwide. CLICK
FOR MORE WALL STREET - 1902
STORY
• • • • •
More
Articles • Converging
News 2008 / TeleCom BuyOuts, Spinoffs and
Asset Seizure Boom
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Publisher/Editor
TVI
Magazine
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