News about Carlos Slim

Carlos Slim has raised his stake in BT to more than 4% in another vote of confidence in the firm. The Mexican tycoon bought another 1.1% of the telecoms giant, worth around £150m.

Two of the world's richest men, global tycoons with a sharp eye for a deal, have bought themselves a slice of telecoms giant BT. Should you take their cue, and buy shares in this £13.87bn group? As well as its traditional business, BT also owns EE, Britain's largest mobile operator and Openreach which runs the nation's digital networks. Last week the Indian billionaire Sunil Bharti Mittal became the owner of a 24.5 per cent stake. He acquired the holding from his friend, French entrepreneur Patrick Drahi - who seems to have been forced to sell because of the debt mountain at his Altice business.

Sunil Bharti Mittal (pictured) will snap up the 24.5% of BT currently owned by embattled French tycoon Patrick Drahi through his conglomerate Bharti Enterprises. The deal will take place in two parts, with Bharti initially acquiring a 9.99% stake followed by a further 14.51% once it receives national security clearance from the government.

When Sunil Bharti Mittal was 18, he borrowed money from his father to start his first business making crankshafts for local bicycle manufacturers. The young entrepreneur went on to set up an import business with his brothers in the Punjab, snapped up the Suzuki Motors dealership to import Japanese electric generators and in the 1980s started making India's first push-button phones.

With BT shares up 26% since Allison Kirkby (pictured) took over as chief exec in February, 15 analysts rate the stock a 'buy', according to data from Reuters. Indian businessman Sunil Bharti Mittal is the latest tycoon to buy a holding in the telecoms group becoming its largest shareholder through his investment firm Bharti Global.

Disappointed and disillusioned. These two words sum up the sentiments of investors in BT and Vodafone, the two largest British players in telecoms. Over the past decade, shares in these two household names have lost more two-thirds of their value. But do these declines suggest this is the moment to end the relationship with these FTSE 100 names? Or are there compelling reasons to stay, given the burgeoning international love affair with British stocks and the planning revolution unveiled by the new Government? The US giant Blackrock and the German group Allianz are among those snapping up UK shares, enthused by the improving economy and the prospect of a stable government. Against this background, BT and Vodafone look almost alluring.

BT shares have enjoyed a recent rally as investors cheer Allison Kirkby's turnaround efforts and Carlos Slim's investment in the group. The stock has surged 6 per cent in the past week and is up 11.1 per cent since the start of 2024. Many experts have suggested that now could be a good time to strike.

Someone has been listening to Dave Ward, general secretary of the Communications Workers Union, in an interview and as a guest City columnist on these pages. Unlike the flaccid board of the Royal Mail, which surrendered at the first smell of cordite, the union recognised that it would be a huge mistake for a utility, part of the national furniture since the 16th century, to fall under overseas ownership.

The British telecoms giant rose 4.3%, or 5.6p, to 135p - giving it a value of £13.4bn - as it took gains since Allison Kirkby took over as chief executive in February to 20%. The rally came after Slim - at one point the world's richest man - snapped up a 3.2% holding through his family business Inbursa. The Mail understands BT only found out about the investment when it was disclosed to the authorities.

A Gatsby-inspired Long Island home has hit the market for $45 million, after it was purchased for $185 million in 2013. The grand home has 32 bathrooms and 18 bedrooms, several lakes, saunas, wine cellars, a bowling alley, and a fitness center. The eight-acre farm is 24 miles from Manhattan but has 'panoramic views' of the Big Apple. Each room is grand, and definitely Jay Gatsby-approved, with stained glass ceiling windows and marble walls from Italy, abundant natural light, and stunning light fixtures. The lower level is devoted to health and well-being. The spas, fitness center, and the indoor/outdoor pool will be among the spas found by homeowners.

The Gilded Age attracted the most affluent crowds to settle down on Fifth Avenue. The avenue, which had been once an undeveloped portion of Manhattan, was lined by grand homes, some a block wide. Although the majority of the mansions were demolished in the 1920s and replaced with a Zara and Bergdorf Goodman and a religious church, some of the mansions remain in their original glory. If pedestrians are paying close enough attention, they may get a glimpse into the city's rich past and wealthy families.

1009 Fifth Avenue was constructed as a'spec house' by landbro William and Thomas Hall, who built four mansions on the famous street in the Gilded Age in 1899. Benjamin N. Duke, a chairman of the American Tobacco Company, snapped the home up immediately after its completion in 1901, and the house is listed on today. It wasn't until 2006 that it was owned by the family. Before the current owner, Mexican billionaire Carlos Slim, bought it for $44 million in 2010, it was sold for $40 million to real estate mogul Tamir Sapir. It has now been listed for $80 million.

Carlos Slim Helu (inset) has listed the more than a century old palatial townhouse for more than $80 million after a failed bid to sell the house in 2015. According to Forbes Billionaire List, the Telcom billionaire, who was once listed as the world's richest man, is taking another shot at the 20,000 square-foot mansion on Manhattan's ritzy Upper East Side. Realtors have called the auction a "rare opportunity to buy a piece of history," and if sold, it will smash the record for the most expensive townhouse ever sold in New York City. Slimett earned him nearly double the amount built for the house in 2010, with the eight-bedroom, ten full bathroom mansion built between 1899 and 1901.