By Michael OBoyle MEXICO CITY (Reuters) – A quick sale of a block of billionaire Carlos Slims vast telecoms empire to a foreign company may be the fastest path to lower prices, broader coverage and better service for Mexican consumers. Controlling around 70 percent of Mexicos mobile market and more than 60 percent of landlines, […]
Mexicos President Enrique Pena Nieto on Monday signed into law new rules for the telecommunications and broadcasting industries that are designed to curb the power of billionaire Carlos Slims America Movil and broadcaster Televisa. The legislation, approved by Congress last week, fleshes out a constitutional reform that Pena Nieto pushed through Congress last year to […]
Billionaire Carlos Slims America Movil said on Tuesday its board voted to sell off assets to cut its Mexico telecommunications market share below 50 percent in order to avoid tough new regulations designed to curb its long-held dominance of the sector. America Movil, which runs mobile, Internet and fixed-line businesses, said in a statement that […]
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