Word: telmex
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Dates: during 2000-2009
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...Slim, fairly or not, is often fingered for some of the obstacles facing Mexico's underdogs. According to the Paris-based Organisation of Economic Cooperation & Development, for example, Telmex, which is the flagship of Slim's Grupo Carso and which controls 90% of Mexico's telephone market, charges small businesses some of the highest fees in the world. Telmex insists those charges have dropped considerably in recent years; but the situation points up the distortions that many feel help keep Mexico underdeveloped...
...credit, Slim, a widely respected figure and the son of a Lebanese immigrant, seems to be acknowledging the problem. He has accepted, for example, a rare move by Mexico's Federal Competition Commission to block Telmex from expanding into cable television until it allows all competitors to be smoothly hooked up to its telecom services. And he is lifting his charitable profile, announcing he'll pour $10 billion over the next four years into his health- and education-related Fundacion Carso. Business and philanthropy experts alike hope these developments will help prime the pump not only in Mexico but throughout...