MEXICO CITY, April 10 The world's richest man,
Mexico's Carlos Slim, has increased his stake in his flagship
phone company, America Movil, according to a filing with the
U.S. Securities and Exchange Commission on Wednesday.
Slim's total interest in America Movil increased to almost
31 percent in March, including shares held through a trust for
the family as well as other shares held by two of his other
companies, according to Reuters' calculations.
Slim and his family and businesses have acquired about 500
million shares since October, according to filings.
America Movil's shares have fallen almost 14 percent this
year on worries about telecom reform proposed by Mexico's
government that is designed to introduce more competition to the
mobile and fixed-line markets dominated by Slim's company.
Slim, his family trust and companies have been buying shares
since October, the filings show.
In October, Slim held about 13.7 percent of America Movil's
L shares. That holding increased to 14.4 percent in March,
according to the filing dated March 21 and published on