https://mexicodailypost.com/2025/02/24/carlos-slim-orders-to-cancel-his-collaboration-with-elon-musks-starlink/

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Home Business Carlos Slim orders to cancel his collaboration with
Elon Musk's Starlink

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  * National
  * Nuevo Leon News

Carlos Slim orders to cancel his collaboration with Elon Musk's
Starlink

February 24, 2025
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[musk-slim]

In a significant business development, Mexican billionaire Carlos
Slim has decided to cancel his collaboration with Elon Musk's
Starlink. The decision comes after a series of tensions between the
two magnates, culminating in Slim's choice to invest in his own
infrastructure rather than relying on Starlink's satellite
technology.

Slim's company, America Movil, announced plans to invest $22 billion
over the next three years to enhance its telecommunications
infrastructure. This move is seen as a strategic effort to strengthen
its position in the market and reduce dependency on external partners
like Starlink. The decision is expected to have a substantial
financial impact on Musk's company, which had anticipated a lucrative
partnership in Latin America.

The fallout between Slim and Musk was further exacerbated by a
controversial tweet from Musk, which implied connections between Slim
and organized crime. This accusation, although unproven, added fuel
to the already strained relationship between the two business
tycoons.

By opting to develop its own infrastructure, America Movil aims to
maintain control over its operations and ensure the reliability of
its services. This decision marks a significant shift in the dynamics
of the telecommunications industry in Latin America, highlighting the
competitive nature of the market and the strategic maneuvers of its
key players.

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Elon Musk shared a post on his social network stating that Slim could
have ties to criminal groups, and five minutes later, Carlos Slim
canceled all business collaborations with Starlink in Latin America,
which made Musk lose 7 billion US dollars.

An hour later, Slim announced that he would transfer his projects for
the next 5 years with Starlink, an investment of 22 billion dollars,
to companies in China and Europe.

More than money, Musk lost his main partner in 25 countries, in
addition to giving up all that territory to companies of his
competition and, most seriously, causing the USA to continue losing
commercial presence and giving it to China.

Source: Milenio

Monterrey Daily Post

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  * Elon Musk
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  * starlink
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