Mexicos lower house of Congress gave general approval on Tuesday to legislation that aims to rein in telecoms tycoon Carlos Slim and broadcaster Televisa to encourage more competition in the phone and TV markets. The approval was a victory for President Enrique Pena Nieto, who has faced political opposition and a sluggish economy this year […]
Mexicos lower house of Congress on Tuesday gave general approval to legislation needed to implement a reform of phone and TV markets that seeks to rein in telecoms tycoon Carlos Slim and broadcaster Televisa. Final approval is likely to stretch into the night as lawmakers work through the reservations.
ATT Inc said on Monday it had sold all of its equity in Mexican telecoms giant America Movil , which is controlled by billionaire Carlos Slim, to Slims real estate firm, Inmobiliaria Carso for $5.57 billion. ATT said in a filing it sold the stock comprising 72.8 million L shares and 5.74 billion AA shares. […]
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