BRASILIA, April 19 (Reuters) - Mexican magnate Carlos Slim said on Friday he is considering investing more than 40 billion reais ($7.70 billion) in Brazil in the next four years, after meeting with President Luiz Inacio Lula da Silva in Brasilia.

Slim, whose family controls telecommunications giant America Movil, said the investments would be made in Brazil's 5G and fiber-optic networks. America Movil-owned Claro is a huge player in the South American country's telecom sector. ($1 = 5.1969 reais) (Reporting by Lisandra Paraguassu; Editing by Kylie Madry)