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Carlos Slim takes $1.2 billion hit over América Móvil

Friday, July 27, 2012

Mexico's Carlos Slim, the world's richest man, suffered a $1.2 billion blow to his leading business, América Móvil, Latin America's top cellphone operator.

The loss was reported for the second quarter, and it caused by a drop in the Mexican peso and other Latin American currencies against the US dollar.

However, the company the company received 5.9 million new subscribers over the period.


Full story (in Spanish)