By Georgina Prodhan
GENEVA Oct 24 America Movil (AMX.N) owner
Carlos Slim expects his Latin American telecoms empire to make
capital investments of up to $10 billion annually in the region
for the next years, he said in an interview on Monday.
"We need to go with very important investments for broadband
access for the people by way of landline, but mainly it will be
from mobile new technologies and new strong investments," he
told Reuters at the ITU World telecoms fair in Geneva.
"They can be of the order of $10 billion," he said on the
sidelines of the United Nations' ITU World telecoms fair on
Monday. "Between seven and 10 in the next years, depending, in
America Movil had previously said it planned to invest at
least $8 billion annually to build up fibre networks to support
data traffic in the region.
Slim, the world's richest man, said his company's focus was
very much on Latin America, where America Movil has more than
200 million customers.
He said he would have no interest in trying to acquire
Deutsche Telekom's (DTEGn.DE) T-Mobile USA unit, should its
planned sale to AT&T (T.N) fail for regulatory reasons.
(Editing by David Cowell)
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Keywords: TELECOM SLIM/
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