América Móvil, mogul Carlos Slim’s telephone company, believes talks with regulators on its preponderant status due to start next month will go well, and it is working on its request for a pay-TV licence in its home market.
Mexico’s telecoms reform two years ago imposed asymmetrical regulations on América Móvil because of its predominant status – the company holds around 70 per cent of the cellphone and 61 per cent per cent of the fixed-line market, writes Jude Webber in Mexico City.
The Mexican regulator, the Federal Telecommunications Institute (IFT), is due to review the rules and their impact but may not conclude its study until November, according to media reports. Under the rules, a player must have less than 50 per cent of the market or face anti-trust penalties.
“In March, [the IFT] is going to review the effectiveness of the measures imposed two years ago, if they are working or not. They can put more asymmetrical regulations in place, they can stay, or they can reduce them,” CEO Daniel Hajj told a conference call with the FT.
Full content: EU State Aid and the Financial Sector – Is the Crisis Over Yet
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI