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 the IOC has granted rights to America Movil. The rights to the Rio Games were in high demand because they will be the first Olympics held in South America.