MOBILE PHONE operators are among the biggest sponsors of sport so Frontiers is always interested in corporate activity in the sector particularly where it involves the world’s richest man, Carlos Slim. Slim, owner of LatAm telcom América Móvil, is reported to have bid $6.5bn to take over the 40% of the Mexican mobile company he doesn’t already own. Making the most of a “very comfortable liquidity position” (that’s a big cash pile to you and me) Slim has effectively bought into annual free cash flow of $2.5bn. América Móvil sponsored the recent Copa de America and Slim is also supporting the Rio 2016 Olympics through his Claro brand.
This content is available to SportBusiness Sponsorship subscribers only
Talk to our team of experts about a subscription today
Already have an account? Sign in here