August 10, 2015 / 11:05 PM / 4 years ago

Mexico's Carlos Slim increases his stake in America Movil

MEXICO CITY, Aug 10 (Reuters) - Mexican billionaire Carlos Slim has slightly raised his stake in telecoms giant America Movil, according to a filing from the U.S. Securities and Exchange Commission posted on Monday.

The report indicates that Slim now controls 29.5 percent of L shares in America Movil, up from the 29.1 percent holding that he had reported in March.

America Movil is at the center of Slim’s business empire and is a leading provider of mobile phone and pay TV services in Latin America.

Carlos Slim and his family are named as number 2 in Forbes’ list of the richest people in the world.

Reporting by Tomas Sarmiento

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