Press Sources Report that Mexico's Grupo Televisa is Seeking to Compete with Carlos Slim in Telecom Market

Although no official sources have confirmed the story, several press sources have reported that Mexican television giant Grupo Televisa S.A. (BMV:TLEVISA) and French telecom giant Vivendi SA (EPA:VIV) are discussing a joint bid for mobile-phone airwaves that the Mexican government plans to auction this year, a venture that would increase competition for Carlos Slim's America Movil (BMV:AMXA) and Telmex (BMV:TELMEXA).

Mexican Telecom Telmex International Reports Boost in Profits on Strong Brazilian Demand

Telmex Internacional, S.A.B. de C.V. (BMV:TELINTL), the Mexican telecom controlled by billionaire Carlos Slim, announced that its third quarter profits increased 71% to 2.79 billion pesos, because of successful service expansion in Brazil.

Blocked from Offering TV Service, Mexico's Telmex Loses Customers to Televisa

Telefonos de Mexico, S.A.B. de C.V. (BMV:TELMEXA), Mexico's largest fixed-line telephone operator, which is owned by billionaire Carlos Slim, is blocked by Mexico's government from offering TV service because it has allegedly failed to fully comply with regulations requiring it to share its network with rivals, and is losing customers to rival Grupo Televisa, S.A. (BMV: TLEVISA), Mexico's largest pay TV provider, which is able to offer joint TV, telephone, and Internet service.

Youtube Pledges to Help Mexico's War on Drugs with Innovative Campaign

Mexican press sources reported that representatives from Youtube, the internet video service owned by Google Inc. (NASDAQ:GOOG), stated that although the company would not take down or censor "narcocorrido" videos that glorify drug trafficking, it would work with a coaltion of Mexican NGOs, government representatives, and even telecoms tycoon Carlos Slim, to help create web content that shows the negative side of the drug trade.