In a significant business development, Mexican billionaire Carlos Slim has decided to cancel his collaboration with Elon Musk’s Starlink.
Slim’s company, América Móvil, 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.
By opting to develop its own infrastructure, América Móvil aims to maintain control over its operations and ensure the reliability of its services.
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. »
