Mexican billionaire Carlos Slim’s America Movil expects regulatory approval to separate part of its Telmex unit by the end of 2017 or early next year, Chief Executive Daniel Hajj said on Wednesday.
Mexico’s Federal Telecommunications Institute ruled in March that America Movil, controlled by the Slim family, must separate part of its network infrastructure into a new entity.
The move ratcheted up antitrust measures against America Movil, which has long been dominant in Mexico and is Latin America’s largest telecommunications company by number of subscribers.
Talks between America Movil and regulators on the details of the separation are ongoing, but a deal could be reached as soon as the fourth quarter of 2017 or during the first quarter of next year.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
DOJ and FTC Introduce Website for Reporting Anti-Competitive Healthcare Practices
Apr 18, 2024 by
CPI
US Congress Advances Legislation to Compel TikTok Sale
Apr 18, 2024 by
CPI
UK Financial Sector Advocates Enhanced Regulatory Accountability
Apr 18, 2024 by
CPI
Google and All 50 States Defend $700 Million Consumer Settlement
Apr 18, 2024 by
CPI
Colorado Enacts First Law to Protect Consumer Brainwave Data
Apr 18, 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