TI/Latin America: Amazon, not Tiber

America Movil and Telefonica are duking it out on the banks of the Tiber. The Mexican cell-phone operator controlled by billionaire Carlos Slim has already teamed up with AT&T and entered talks to buy two-thirds of Olimpia - the shell company that controls Telecom Italia. Now the Spanish operator may enter the fray. But the real prize isn’t south of the Alps, it is south of the Border - in Brazil. There’s nothing wrong with the Italian market. But there are already about 140 mobile phones for e...