Carlos Slim has officially severed ties with Elon Musk’s Starlink, opting to invest in his own telecommunications infrastructure rather than relying on Musk’s satellite technology.
Slim’s company, América Móvil, announced a massive $22 billion investment over the next three years to enhance its network, signaling a major strategic shift in Latin America’s telecommunications industry. The decision is expected to deliver a financial blow to Starlink, which had anticipated a profitable partnership in the region.
Tensions between the two business moguls reportedly escalated after Musk shared a controversial tweet implying Slim had connections to organized crime.
Shortly after, Slim announced plans to redirect his five-year Starlink projects to European and Chinese companies, further diminishing the U.S!’s commercial presence in the region.
