Mexico cranks up antitrust rules against Slim’s America Movil

3/8/2017 Reuters

Reuters/Henry Romero

Billionaire Carlos Slim’s America Movil said on Wednesday that the Mexican telecommunications regulator had stepped up antitrust rules against the company, including ordering it to separate out part of its fixed-line infrastructure.

America Movil (AMXL.MX), controlled by the family of Slim, has been subject to tougher regulations since 2014 as part of a sweeping sector reform aimed at making the market more competitive.

It said the Federal Telecommunications Institute (IFT) ordered the company to create an independent entity from fixed-line unit Telmex to offer competitors access to infrastructure, confirming a Reuters report from February that the change was being considered.

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