A PYMNTS Company

Mexico: Regulator will not impose tougher rules against billionaire Carlos Slim’s America Movil

 |  March 29, 2015

Mexico’s telecom regulator will not necessarily impose tougher rules against billionaire Carlos Slim’s America Movil if it does not go ahead with a plan to sell off assets, the head of the regulatory agency said in an interview on Friday.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Mexico’s Congress last year passed sweeping telecoms reform aimed at curbing America Movil’s industry dominance, prompting the company to say it would sell a chunk of assets to reduce its market share to below 50 percent.

    Gabriel Contreras, head of the Federal Telecommunications Institute (IFT), said on Friday it would not necessarily take new action against America Movil in a revision of the industry next year if the company has not made those sales.

    “The problem of the market is not the size of the operator. This is a market with economies of scale, it’s capital intensive. The problem is if market power is abused,”

     

    Full Content: Seeking Alpha

     

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