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 and cell phone operators in Mexico. They carry debt loads of $7.03 and $4.11 billion respectively. The primary asset of América Telecom, a holding company with $4.47 billion in debt, is América Móvil. Carso Global's debt-to-equity ratio of 827% is just as impressive as its debt load, although it does have earnings before interest, t
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