America Movil to Invest $50b in Latin America

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America Movil ( AMOV , quote ) to invest $50 billion in Latin America across 5 Years

Can you say Carlos Slim under pressure?

Headlines across all newswires in last few weeks have all alluded to the fact that Carlos Slim has bilked the poor on his way to becoming the richest man in the world.

Despite all the pressure however, he has no choice but to invest in his networks and infrastructure and meanwhile America Movil SAB ( AMX , quote ), and Telmex are annuity streams in the billions per year.

AMX chart very nice taking the 50 day moving average yesterday.  However, it needs to get through this $21.25 level.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Stocks


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