A PYMNTS Company

Mexico: Regulator gives competitors access to Telmex phone networks

 |  June 30, 2015

Mexico’s telecoms regulator said on Tuesday that it will open access to the “last mile” of Telmex telephone network to rivals, in a decision that aims to increase competition in a sector dominated by billionaire Carlos Slim.

The move will force Telmex, owned by Slim’s America Movil, to let other companies use part of its vast fixed line infrastructure. The “last mile” connects competitors using Telmex’s fixed line infrastructure with their end-user customers.

The company has 60 days to present terms by which it will offer services to other operators, the Federal Telecommunications Institute (IFT) said in a statement.

Full content: CNN Expansion

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