Slim dancing to Latin beat He plans to refocus investments as Mexico unit splinters

Mexico City: Carlos Slim is planning to spend more in countries such as Brazil while placing bigger bets on industries like energy, as regulatory pressure in Mexico splinters his most prized asset.

After two decades of investments in Mexico’s phone business added him to the ranks of the world’s richest people, Slim said this week that his America Movil SAB was bowing to antitrust legislation by selling assets in Mexico to reduce its dominant market share.