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Mexico: Amid antitrust woes, America Movil rethinks its strategy

By  |  July 3, 2014

Mexico’s largest wireless operator, America Movil, is reportedly rethinking its business structure and strategy as Mexico’s recent competition law overhauls are cracking down on the dominance of the company.

Reports say America Movil is looking to maintain its grasp on the industry even as recent legislation changes have officially declared the company dominant, allowing the Federal Telecommunications Institute to take measures to boost competition.

The company was sanctioned earlier this year by competition officials for holding more than 50 percent of wireless phone accounts.

Now, the company announced possible changes to the business, though stayed mum on what those changes could be. Experts say possible changes are the direct result of authorities’ recent actions against the company. The company may be forced to divest assets, say reports, or the company could propose its own breakups.

Full content: Bloomberg

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