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Factbox: Mexican telecoms market to feature smaller America Movil

10
Jul
2014

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 for potential new competitors ranging from ATT Inc to Virgin to enter a phone market dominated for years by America Movil. The divestiture could allow Slim to enter Mexico’s lucrative pay TV market, from which he has been barred but has long coveted. What follows are facts and figures on the phone, television and internet markets in Mexico, a country of 118 million people.

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