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Reform slashes prices of cellular services in Mexico

Monday, March 9, 2015

Cell phone service prices in Mexico have fallen almost 17 percent in two years, the country's telecoms regulator said, after a reform aimed at curbing the power of billionaire Carlos Slim in the sector slashed call costs.

In the past year, Slim's América Móvil, which controls 70 percent of Mexico's mobile market, was banned from charging national roaming fees and a new law said it could not charge competitors for interconnection to its network.

Source: Reuters