Tuesday, May 21, 2024

Logo Central America Link

Mexico ready to shake-up Slim's telecoms empire

Monday, March 11, 2013

Mexico's government is expected to present a bill today that aims to loosen billionaire Carlos Slim's hold on the telecommunications market and curb top broadcaster Televisa's rule of the airwaves, according to a draft copy of the document.

The bill would create a new, independent regulator that could designate firms as dominant, impose stiffer penalties and even break companies up to improve competition.

The planned legislation would also establish specialized competition courts to settle disputes.

Source: Reuters