As Mexico continues to reign in the dominance of Carlos Slim and his leading America Movil wireless operations, reports say consumers across the nation are hoping the government action will lead to lower telco bills.
According to reports, Slim is eyeing ways to divest significant portions of his assets in the nation after new legislation allowed officials to declare America Movil dominant in both landline and wireless markets. Those divestitures, reports say, would likely be the fastest way to lower costs for consumers.
Those divestitures could further allow for foreign entry in Mexico’s market to accelerate. The overhauls will likely pressure the market to lower costs, reports say.
America Movil announced only days ago that it is seeking sales to reduce its market share to under 50 percent to avoid regulatory measures that would force price cuts on the business. According to reports, America Movil controls more than 60 percent of landlines and about 70 percent of wireless phones across the nation.
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