Slim Gets Bittersweet Court Win, With Damage Already Done
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Carlos Slim
Photographer: Susana Gonzalez/BloombergThis article is for subscribers only.
Billionaire Carlos Slim won’t be able to savor his Mexican Supreme Court victory for very long.
The top court decided Wednesday to water down the nation’s telecom overhaul, four years after the landmark legislation hamstrung Slim’s market-leading wireless provider America Movil SAB. But the ruling doesn’t reverse the damage already inflicted on Slim’s company. And the industry has changed so much that the decision’s effects may be limited.