By Stephen Adler, Dave Graham and Christine Murray NEW YORK/MEXICO CITY (Reuters) – America Movil, Latin Americas biggest telecoms company, will move quickly to put an attractive cross-section of the company up for sale as it sheds assets to escape tougher regulation of the phone and broadcasting markets in Mexico, billionaire owner Carlos Slim said. […]
By Joanna Zuckerman Bernstein and Veronica Gomez MEXICO CITY (Reuters) – Carlos Slim’s telecommunications company, America Movil, will shed assets to avoid tough new telephone and TV regulations imposed by Mexico’s Congress on Wednesday. The company said it will hive off assets to bring down its market share to below 50 percent, paving the way […]
Mexico’s Transport and Communications Ministry said on Tuesday that a proposal by billionaire Carlos Slim’s America Movil to cut its share of Mexico’s telecommunications market below 50 percent could improve competition in the industry. “The Transport and Communications Ministry declares that this decision could transform competition in the telecommunications sector with improved quality and better […]
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