Tuesday, April 19, 2011

World's richest man, Carlos Slim to invest $1.5 billion in Argentina

MEXICO CITY: Mexican telecom magnate Carlos Slim, ranked as the world's wealthiest man by Forbes magazine, plans to invest $1.5 billion over the next two years in Argentina's telecommunications sector, officials said.

During a Mexican-Argentine business gathering Friday here, Argentine Planning, Public Investment and Services Minister Julio de Vido said Slim will be investing in broadband, mobile telephony and fourth-generation networks.

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