FILE - In this April 21, 2012 file photo, Rulon Gardner speaks during a news conference at the U.S. Olympic Wrestling Team Trials in Iowa City, Iowa. Gardner's epic upset of Russian wrestling great Alexander Karelin in 2000 remains one of the most compelling moments of the modern Olympics. Starting in 2020, youngsters looking to Gardner and Karelin for inspiration won't have a chance to excel on the sport's biggest stage. Gardner and nearly everyone else associated with the sport in the U.S. were jolted Tuesday, Feb. 12, 2013 when International Olympic Committee leaders dropped wrestling from the Summer Games. (AP Photo/Charlie Neibergall, File)
IOC awards Olympic rights to Mexican telecom giant
Published: 03:04:08 PM, Fri 22 March 2013 UTC
LAUSANNE, Switzerland (AP) — The IOC has awarded the Latin American broadcast rights to the 2014 and 2016 Olympics to Mexican telecommunications giant America Movil.
The IOC says America Movil acquired rights to next year's Winter Games in Sochi and the 2016 Summer Olympics in Rio de Janeiro on all media platforms across Latin America.
Financial terms were not disclosed.
It's the first time the IOC has granted rights to America Movil, which is controlled by Mexican billionaire Carlos Slim.
IOC President Jacques Rogge says "we are very pleased to have reached this important agreement to ensure fans across the continent are able to have the best broadcast experience of the games."
The negotiations were led by IOC finance commission chairman Richard Carrion of Puerto Rico.
He says America Movil "demonstrated a clear passion for the Olympic values and are excited about the games coming to Latin America in 2016."
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