Mexico: América Móvil faces regulatory review

América Móvil, mogul Carlos Slim’s telephone company, believes talks with regulators on its preponderant status due to start next month will go well, and it is working on its request for a pay-TV licence in its home market.

Mexico’s telecoms reform two years ago imposed asymmetrical regulations on América Móvil because of its predominant status – the company holds around 70 per cent of the cellphone and 61 per cent per cent of the fixed-line market, writes Jude Webber in Mexico City.

The Mexican regulator, the Federal Telecommunications Institute (IFT), is due to review the rules and their impact but may not conclude its study until November, according to media reports. Under the rules, a player must have less than 50 per cent of the market or face anti-trust penalties.

“In March, [the IFT] is going to review the effectiveness of the measures imposed two years ago, if they are working or not. They can put more asymmetrical regulations in place, they can stay, or they can reduce them,” CEO Daniel Hajj told a conference call with the FT.

Full content: EU State Aid and the Financial Sector – Is the Crisis Over Yet

Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.