Ricardo Salinas

MEXICO CITY (Reuters) - A court has ordered Mexico's competition watchdog to investigate claims of collusion between businesses controlled by telecommunications tycoon Carlos Slim and Spain's Telefonica, according to a court document seen by Reuters on Sunday.

Mexico's competition watchdog has blocked a $1.6 billion telecoms deal that would have linked companies belonging to two of the country's richest men, both companies announced.

MEXICO CITY (Reuters) - The president of Mexico's phone and television regulator approved two contracts worth roughly $200,000 for businesses run by two friends, including one who works as a lobbyist for telecom companies.

MEXICO CITY (Reuters) - The president of Mexico's phone and television regulator approved two contracts worth roughly $200,000 for businesses run by two friends, including one who works as a lobbyist for telecom companies.

MEXICO CITY (Reuters) - Carlos Slim, the world's richest man according to Forbes, has created hundreds of thousands of jobs in Mexico, but he also is seen to typify a business elite that amassed fortunes by exploiting the poor.