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America Movil gets Olympic TV rights

Updated: March 22, 2013, 7:49 PM ET
Associated Press

MEXICO CITY -- Mexican magnate Carlos Slim, the world's richest man, secured the Latin American broadcast rights to the 2014 and 2016 Olympics on Friday.

The IOC said America Movil, the Mexican telecommunications company controlled by Slim, was awarded the rights to next year's Winter Games in Sochi and the 2016 Summer Olympics in Rio de Janeiro on media platforms across Latin America. The deal does not include Brazil.

Financial terms were not disclosed.

It's the first time ...

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