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Colombia: Antitrust bill challenging mobile dominance abandoned

By  |  May 24, 2013

Colombia’s senators have reportedly abandoned a bill proposal intended to reign in the dominance of mobile phone leader America Movil SAB after a Senate committee voted that the nation’s constitution already contains sufficient restrictions to address anticompetitive business practices. The bill, which the Senate voted 6-3 to drop, would have make it illegal for any mobile carrier to control more than 30 percent of the market. The outcome is considered a big win for the telecom giant, which has recently faced a series of crackdowns within the industry throughout Latin America. America Movil currently controls 62 percent of Colombia’s wireless market, according to reports.

Full Content: Bloomberg

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