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Puerto Vallarta News NetworkBusiness News | July 2007 

Mexican Billionaire Carlos Slim Criticizes Antitrust Regulator
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Mexican tycoon Carlos Slim smiles during the Reuters Summit in Mexico City in this March 24, 2006 file photo. Slim is the world's richest man, worth an estimated $67.8 billion, after overtaking Microsoft Corp. founder Bill Gates, according to a respected tracker of Mexican financial wealth on July 2, 2007. (Reuters/Andrew Winning)
Mexico City - Mexican billionaire Carlos Slim, who may be the world's richest man, criticized a top antitrust regulator who has vowed to investigate the dominance of his telephone companies.

Slim said Eduardo Perez, director of the Federal Competition Commission, has been making judgments without any evidence, during a rare interview with Miami-based Telemundo NBC TV that aired Monday.

"It's curious that he is saying and making judgments before doing the study. He's prejudging," Slim said. "It will end badly."

Perez said this month that the commission wants to identify areas in which Telefonos de Mexico SA, or Telmex, may have a share large enough to require special regulation to encourage new entrants. He said there would be a probe this year.

Slim controls Mexico's largest fixed-line telephone company, Telefonos de Mexico, or Telmex, which is the cornerstone of his wealth.

In April, Forbes magazine bumped Slim up to world's second-richest man, estimating that his companies' worth had increased to just over US$53 billion (€38 billion), behind Bill Gates with US$56 billion (€40 billion).

However, a respected financial Web site, Sentido Comun ("Common Sense"), calculated that Slim's worth climbed to US$67.8 billion (€49 billion) at the end of June.



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