AT&T’s Aggressive Mexico Moves Bring Losses, Rival Slim Says
- America Movil chairman emeritus speaks in Bloomberg interview
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Slim: AT&T Losing Money With Mexican Strategies
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AT&T Inc.’s aggressive pricing strategies in Mexico are causing the company to lose “a lot” of money, said Carlos Slim, the billionaire who controls the phone giant’s biggest rival.
“You can see it in their balance sheets,” he said. AT&T’s low-cost plans are taking market share from other competitors but not from Slim’s America Movil SAB, which has responded with its own offers, the Mexican billionaire said. The price war among phone companies in Mexico can’t go on forever, he said, although he’s pleased it has benefited consumers.