Chapter 10: Telecommunications

Telecommunication, or communication over a distance by cable, telegraph, telephone, or broadcasting, is an internationally growing business. Although this form of communicating has been around for a while, it's popularity has only spurred during the first decade of the 1900's. Some pre-modern forms of telecommunications include beacons, smoke signals, semaphore telegraphs, signal flags, and optical heliographs, coded drumbeats, lung-blow horns, and loud whistles. Post-modern types of telecommunications are  the telegraph, telephone, teleprinter, networks, radio, microwave transmission, fiber optics, communication satellites, and the internet. As the usage of these means of communications increased, the large business owners who ran the corporations became extremely wealthy. One such business magnate is Carlos Sims, an investor and philanthropist who operates the largest telecommunication businesses worldwide, Telmex and America Movil. As the richest man in the world since 2010, surpassing Bill Gates and Warren Buffet, Carlos Sims has amassed $49 billion net worth of his entire $73 billion net worth from  América Móvil, which in 2010 was Latin America’s largest mobile-phone carrier.