Slim to launch TV channel in U.S. for Mexicans
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[January 18, 2017]
MEXICO CITY (Reuters) -
Mexican tycoon Carlos Slim's cell-phone company, America
Movil, said on Tuesday it would launch a television
channel in the United States targeting Mexican audiences
later this year, putting it into competition with
broadcasters like Univision and Telemundo.
Named Nuestra Vision, the channel will be offered by the
America Movil unit Publicidad y Contenido Editorial, the company
said in a statement that was flanked by a promotional video
"Nuestra Vision is focused on Mexicans, made by Mexicans and
transmitted from Mexico," said the voice-over for the video,
which was studded with images and snapshots of Mexico.
Slim, a major force in pay TV in Latin America, has been kept
out of the Mexican market by regulators wary of the financial
muscle he can bring to bear from his telecoms empire.
America Movil is the biggest cell phone company in Latin
America, and helped to make Slim the richest man in the world
for several years.
Univision has a close alliance with Mexico's top broadcaster
Televisa, which has for years wrestled with Slim in the Mexican
telecommunications market that he dominates.
Nuestra Vision - "Our Vision" - will broadcast news, movies and
sports highlights, America Movil said, stressing the company's
pledge to be "100 percent" Mexican and promote Mexico's
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The channel's launch coincides with a charged atmosphere between
Mexico and the incoming U.S. president Donald Trump, who has taken
an aggressive stance towards the Mexican economy and sparked dismay
with outspoken comments on migrants.
Trump has proposed taking punitive steps against producers of
Mexican-made goods in an effort to bring jobs and investment back to
the United States, and has also threatened to tear up a joint trade
deal that underpins Mexico's export model.
Slim was critical of Trump during the U.S. election campaign, but
after meeting the New York real estate magnate for dinner last
month, he was left was a "very positive" impression from the
president-elect, the Mexican mogul's spokesman said.
An estimated 35 million people living in the United States are
Mexican or of Mexican background.
(Reporting by Dave Graham and Noe Torres, editing by Larry King)
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