Mexican billionaire Carlos Slim will buy out AT&T’s...

June 30, 2014 |International Telecom

Mexican billionaire Carlos Slim will buy out AT&T’s $5.9 billion stake in America Movil, America Movil said in a filing at the SEC Friday (http://1.usa.gov/1qjVj2Y). AT&T is selling its holdings of Slim’s company to avoid any conflict of interest because it’s buying DirecTV, which competes with America Movil for pay-TV customers in Latin America, Bloomberg reported (http://buswk.co/1yVfcQh).