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Mexican businessman cancels América Móvil's partnership with Elon Musk's Starlink after insinuations about organized crime, causing billions in losses
Elon Musk, CEO of Tesla and SpaceX, has been embroiled in yet another controversy and has suffered a major financial loss. After insinuating that Carlos Slim, owner of Claro and one of the richest men in the world, had links to organized crime in Mexico, the Mexican billionaire decided to retaliate. Slim ordered the immediate termination of the partnership between América Móvil and Starlink, directly impacting Musk's plans to expand his satellite internet in Latin America.
the cancellation of contract brought billion-dollar losses for Starlink, which now needs to reformulate its strategy to grow on the continent without the support of one of the largest telecommunications conglomerates in the region.
End of partnership and impact on Starlink
América Móvil was using Starlink technology to provide internet connection in remote areas and optimize corporate telecommunications services. With Slim's decision, all planned investments were suspended, resulting in an estimated financial impact of R$40 billion for Elon Musk's company.
The partnership between the companies was seen as strategic, especially for Starlink's expansion into emerging markets. Without this support, Musk will have to seek new business partners in Latin America to avoid harming his operations in the region.
Carlos Slim announces billion-dollar investment after split with Elon Musk
Shortly after the split, Slim announced a $22 billion plan to strengthen its telecommunications infrastructure over the next three years. The goal is to reduce dependence on external partners and consolidate América Móvil as the largest telecommunications company in Latin America.
A movement represents a new challenge for Starlink, which loses an important distribution channel for its services and will need to restructure its operations in the region.
Mexican President criticizes Musk and defends Slim
Elon Musk’s statements were not well received in Mexico. President Claudia Sheinbaum quickly took a stand, calling the insinuations unfounded and irresponsible. According to Sheinbaum, there is no investigation against Carlos Slim related to organized crime, and associating his fortune with drug trafficking is a “baseless offense.”
She also highlighted that Slim is one of Mexico's main investors and one of those responsible for the growth of the country's telecommunications infrastructure.
Competitors eyeing the space vacated by Starlink
With Starlink's exit from its partnership with América Móvil, other telecommunications giants are starting to make moves. Companies like Telefónica and Millicom are already analyzing ways to expand their presence in Latin America, taking advantage of the space left by Elon Musk's company.
Meanwhile, Starlink seeks alternatives to maintain its operations in the region, being able to negotiate agreements with smaller operators or even offer services directly to the consumer.
Wonderful, this is the only store in the world that playboyzinho understands
Nonsense. Musk is a businessman who has always worked day and night and has the largest space conglomerate in the world, as well as an enviable and unparalleled satellite communications network. This Slim is restricted to parts of Latin America and is envious of the Starlink network.
This Mexican's tantrum is nonsense, he is suspected of having links to drug trafficking and the CIA certainly knows about it.
I believe that Elon is not wrong, no, he would never make insinuations if he did not have proof. Open your eyes, people... Elon has always been an honest man and very intelligent and a genius at making insinuations that had no basis. I am sure that he is right.
Discrediting people is the easiest way to get over them.
If Mosquito was right, why did he want a contract with the Mexican? Stop being pathetic.
As someone who knew Slim personally through working at one of his companies, it's easier than you think. He visits his stores almost every year and identifies each one by name. Who knows his story as a fugitive from World War II and has had personal contact with him? He makes a point of closing hotels, restaurants and bars just to let his employees relax a little. And they see someone there saying something without foundation.
The problem we live in today is the world of lies and whoever is the most **** wins.
Because no one researches, just talk about someone and someone else points the finger without looking for it. It's like my idol said it's true even if it's a lie.