Carlos Slim, world’s richest man, gets richer supplying ‘Obamaphones’ to poor

My Fox DC ^ | Oct 11, 2012

[Snuph]

Mexican telecom mogul who holds the title of world's richest man, and one of President Obama's top donors are both getting even richer from the U.S. government program that supplies so-called "Obamaphones" to the poor.

Carlos Slim, who has an estimated net worth of $70 billion, owns a controlling stake in TracFone, which makes $10 per phone for each device it provides to poor Americans. The company, whose president and CEO is Frederick "F.J." Pollak, also makes money from extra minutes and data plans it sells to subscribers who get phones and service through the government's Lifeline program. The program, which began in the mid-1980s, has exploded in the past four years after being expanded from supplying landlines to the poor to providing cellular phones.

Read more: http://www.myfoxdc.com/story/19792114/carlos-slim-worlds-richest-man-gets-richer-supplying-obamaphones-to-poor#ixzz2929cSYrx

[rovenstinez]

Ask the TELECOMMUNICATIONS people how easy it has been to break in to the Cell Phone market in Mexico that Slim has cornered in his monopoly with the help of the Mexican Gov’t. ? I’m sure this story won’t be printed in the New York Times that he owns either. Gov;t programs help him, like it does Soros.

[DPMD]

Obama is outsourcing his voter bribes? More foreign campaign donations.

[Bon mots]