Carlos Slim Launches $6.5 Billion Bid for Teléfonos de Mexico

Mexican billionaire Carlos Slim bid $6.5 billion to purchase the 40% of Teléfonos de México (Telmex) that was not already owned by his América Móvil telecoms company. Currently, Telmex is Mexico's biggest landline provider and buying this would strengthen Mr. Slim's ability to offer consumers a bundle of mobile, fixed-line and broadband services.

Read more about this big move from the Financial Times.