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Mexico: Gov may force Slim’s America Movil to separate fixed unit -sources

 |  February 28, 2017

Reuters reports that Mexico’s telecoms regulator has discussed forcing billionaire Carlos Slim to legally separate part of his fixed-line company Telmex from the rest of his company.

It was reported that Monday night, the IFT’s seven-person board voted on whether to toughen, maintain or loosen rules for America Movil dnd broadcaster Grupo Televisa, according to Reuters.

It could not be confirmed whether they voted on the issue of forcing Slim’s company to separate part of Telmex, however, two of the sources said they expected the proposal to be on the table.

The measure, which was considered internally in recent weeks and months, would mean that the Federal Telecommunications Institute does not believe antitrust measures against the company are enough to generate competition.

Full Content: Reuters

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