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Carlos Slim Cancels Collaboration with Elon Musk's Starlink, Transfers Projects to China and Europe

Carlos Slim Cancels Collaboration with Elon Musk's Starlink, Transfers Projects to China and Europe

02/24/25, 11:26 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/MX.svgmexico
Money
$22 billion
Industry
hardware
Type
partnership
Mexican billionaire Carlos Slim has decided to cancel his collaboration with Elon Musk's Starlink, choosing to invest $22 billion over the next three years to enhance América Móvil's telecommunications infrastructure. This move is seen as a strategic effort to strengthen its position in the market and reduce dependency on external partners like Starlink.

Company Info

Company
América Móvil S.A.B. de C.V
Location
mexico
Additional Info
América Móvil S.A.B. de C.V., also known as América Móvil, is a Mexican telecommunications corporation and the seventh-largest mobile network operator in terms of equity subscribers. The company operates in 18 countries across the Americas, and it is the leading integrated telecommunications services provider in Latin America.