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Mexico's America Movil has 65 days to propose separation plan- IFT
March 9, 2017 / 4:20 PM / 8 months ago

Mexico's America Movil has 65 days to propose separation plan- IFT

MEXICO CITY, March 9 (Reuters) - Mexico’s telecoms regulator said on Thursday that billionaire Carlos Slim’s America Movil has 65 working days to present a proposal for the legal separation of a part of its fixed-line unit Telmex.

The Federal Telecommunications Institute (IFT) has stepped up antitrust rules against the company, ordering it to create an independent entity from fixed-line unit Telmex to offer competitors access to infrastructure.

Reporting by Christine Murray

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