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

Feb 24, 2025•over 1 year ago

Contract Type

partnership

MexicoHardware

Description

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 Information

Company

America Movil

Location

Mexico

About

America Movil is a leading telecommunications company in Latin America. It provides mobile and fixed-line telecommunication services in multiple countries. The firm is known for its vast network and innovative solutions. America Movil aims to enhance connectivity throughout the region.

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