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Mexico: New telco rules to take on Carlos Slim

By  |  March 2, 2014

A draft bill spearheaded by the Federal Institute for Telecommunications is taking direct aim at telco mogul Carlos Slim, the owner of America Movil, as reports say the government tackles an anticompetitive telecommunications market.

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    A draft of the bill obtained by reporters shows that the regulations would require telcos to earn approval for their network-sharing agreements. The law would follow IFT’s recently-boosted powers that allow the regulator to force divestitures on telcos that gain too much market power.

    IFT also has the power to declare a company as dominant. Slim’s America Movil, as well as broadcaster Televisa, are expected to be declared as such, say reports. Slim reportedly controls about 80 percent of Mexico’s fixed-line industry and 70 percent of the wireless industry.

    Televisa, meanwhile, holds about 60 percent of the cable market.

    Full Content: Reuters

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