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MarketWatch

Feb 1, 2003

To the Hilt

Mexico's four largest, and closely related, telecom companies owe lenders more money than any other private-sector companies in Latin America. Carso Global Telecom, a holding company owned by Carlos Slim, Latin America's richest entrepreneur, has $8.54 billion in debt. Carso owns stakes in Telmex and América Móvil, the dominant fixed-line...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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