Carlos Slim to invest USD5.4bn in Brazilian units

摘要

Mexican regional telecom powerhouse America Movil (AM), owned by billionaire Carlos Slim, plans to invest BRL10 billion (USD5.4 billion) in its Brazilian business assets in 2012. AM controls mobile operator Telecom Americas (Claro), fixed line operator Embratel and cable TV and broadband provider Net Servicos. In mid-December Claro said it was spending BRL3.5 billion in its networks this year, with a primary focus on enhancing and expanding its HSPA+ coverage.