How Will America Movil (AMX) Stock React To Carlos Slim Investing In South America?

NEW YORK (TheStreet) -- America Movil SAB de CV's Carlos Slim is planning on investing more in South American countries while expanding his holdings in industries beyond telecommunications, as regulatory pressure in Mexico forced him to break up his phone business, Bloomberg reports. Mexico's Congress is looking to pass a bill that would impose profit crushing penalties on industry dominant companies, as a result America Movil agreed to reduce its market share to below 50% by selling off some a...