MEXICO CITY (Reuters) - Mexican tycoon Carlos Slim’s telecoms giant America Movil said on Friday it had been declared dominant in the telecoms sector by a new watchdog as widely expected, amid a government push to boost competition.
Earlier in the day the regulator also declared as dominant in telecoms Slim’s bank Inbursa and conglomerate Grupo Carso, which both have direct or indirect stakes in America Movil. It cited their “economic interests”.
Mexico is trying to spur competition in its tight-knit phone and TV industries through a wide-ranging telecoms overhaul passed last year.
Reporting by Mexico Newsroom