Convergencia Research, Consultoría especializada en Latinoamérica y Caribe
Monday, January 30, 2017

Slim says he will not be a presidential candidate and downplayed the impact of Trump's policies

In a press conference, the owner of América Móvil said he will not run for president of Mexico and added that he can do more things from his place as entrepreneur.

He said referring to President Donald Trump that Mexico's objective should be to understand the desirability of remaining a trading partner with the United States. "I think, let me see, said as well as very cinematographically, that Trump is not 'Terminator' he is a 'negotiator'. He is a negotiator." "I do not see risks, I see opportunities," he said, adding that the Republican is a "common-sense" and "smart" person.

"If Trump intends to increase his economy by 4% he will need a lot of employment and a lot of Mexican employees, even to build the wall. We must push the legalization of those who are already there and propose temporary work plans like the ones we have with Canada," added the magnate.

Consulted on the telecommunications market, Carlos Slim considered that there are "errors" in regulation that have influenced a brake of investments in the sector and the penetration of the services. "Mexico is the only country in the world without convergence, and that from a regulatory point of view is a mistake because it slows down investments. He also said that Mexico is the only country in the world where we compete with the world's biggest player (AT&T), and the largest in Latin America (Telefónica) " which we subsidize US$ 14.4 million per month.

He also pointed out that the methodology used to consider market share and the preponderance includes social telephony and "that has made us stop investing in areas where there is nobody else because we would have 100% and we would be preponderant. Instead of promoting rural social telephony, it slows down because they reach the number of customers and makes us maintain the preponderance by number of users. It's one of the things that has not worked, "he said.

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